Apopka, Florida based Mortgage Broker Amy Rurut reveals 3 things you should watch out for when shopping for home-finance products or project funding on the Internet.
Apopka, FL -- (ReleaseWire) -- 12/23/2006 --Apopka, Florida Based Mortgage Broker Reveals 3 Things Lenders Don’t Want You to Know About Shopping for a Mortgage or Project funding Online.
Anyone who’s even remotely interested in shopping for a home loan or commercial project funding has probably paid attention to all those ads on TV touting the ease of using any of a variety of Internet services to compare offers from the comfort of your home. You may even have tried a couple of them yourself. But Amy Rurut, a Licensed Mortgage Broker with Yes Mortgage One, Inc. in Apopka, Florida, says buyers need to watch out when trying to use the Internet to do the heavy lifting for them.
“Sometimes, these Internet services might work fairly well for certain people.” “But the one-size-fits-all approach they offer is going to leave a lot of people with loans that aren’t the best for them, or even worse, they may be shut out of the process altogether.”
Amy Rurut says the problem with these services is that they never really get to know anything about your financial situation other than your credit history and income level. “So basically what winds up happening is that you’re reduced to a number to them. And if they don’t like whatever that number is, you’re out of luck.”
Here are three things you should watch out for when shopping for home-finance products or project financing on the Internet – things most online funding sites hope you ignore:
*Do they take the time to find out about your unique situation, or are you just a cyber-shopper in their eyes? Most of these sites simply don’t have the manpower to individually work with every borrower. So a lot of times you wind up with a bad loan simply because there was no one to check if they could have gotten you a better deal.
*What do they offer people in special financial circumstances – such as the self-employed, people with damaged credit, foreign nationals, owner of expensive home but cash poor, bankruptcy? Most of these sites don’t even want to work with you unless you meet their stringent criteria.
*Do they provide advice to help when choosing between loan products? Most sites simply gather offers, throw them in your lap, and pressure you to choose between them. Unless you’re a pretty experienced mortgage pro, deciding on the best offer can be difficult, if not impossible.
So, what’s the solution? Use the Internet to educate yourself and then work with a real human being. You may not have thought about “old-fashioned” methods of finding the best deal, such as working with a mortgage broker. “But for anyone who values a real person sitting down with you and working through the process, there’s no better option,” says Rurut.
Apopka, Central Florida - based mortgage expert Amy Rurut specializes in providing information so that borrowers can make informed decisions about their funding options and learn the insider secrets that can save them thousands of dollars over the life of their loan.
Amy Rurut is available for interviews and will welcome all your mortgage related questions.
Call 407-739-2747 for a Free No-Obligation Consultation or visit: Amy's website at
(As a member of the National Association of Mortgage Brokers (NAMB) and Florida Association of Mortgage Broker (FAMB) Amy Rurut is committed to integrity and a high ethical standard.)