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Downside of low rates present opportunity

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Mortgage Broker News | 17 Sep 2012, 10:10 AM Agree 0
The low-interest-rate environment enticing many homeowners to switch mortgages is a perfect opportunity for brokers to coach their clients on how to avoid steep penalties.
  • Donna D'Amico | 18 Sep 2012, 08:54 AM Agree 0
    I just read the article on how bank mortgage specialists are passing them selves off as mortgage brokers, and now I read this article on how banks are handcuffing clients on penalties. I am a new mortgage agent, and I am just wondering what our industry is doing about it; I pay IMBA fees so I would like to know what this institution is doing to help protect us....as well I constantly get asked to become a CAAMP member and get my designation....but again I am not certain what these institutions are doing to protect us against such harmful impacts to our lively hood.
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