Foreclosures provides detailed information on Foreclosures, Bank Foreclosures, Foreclosure Listings, Foreclosure Homes and more. Louie Latour specializes in showing homeowners how to avoid common mortgage mistakes and predatory lenders. These brokers charge a flat origination fee for their services without inflating mortgage rates like the banks. While it’s true refinancing your mortgage with a bank is convenient, banks have a dirty little secret when it comes to mortgage loans. Banks do this because they will receive an additional two points, or 2% of the loan balance, when the mortgage is sold on the secondary market. To get your hands on this free video tutorial: "Mortgage Refinance - What You Need to Know," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com. It can also keep it as an additional asset, especially when the property is in a prime district. If you are considering mortgage refinancing with your bank there are several things you need to know to avoid making an expensive mistake. What is SRP and why should you avoid banks altogether for your next mortgage loan? The answer will surprise you. To get your hands on this "Mortgage Refinancing Toolkit," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com. You may need to know about deed of trust foreclosure, power of sale or judicial foreclosure. Your banker will show you their rate sheets and which loans are available, and your choice is pretty much take it or leave it. There many people, some are housewives and once-a-week agents who have earned a lot from making the buying and selling of foreclosed properties a hobby. Because your bank is exempt from RESPA laws, the bank will never tell you how much your mortgage interest rate has been marked up. Bank originated mortgage loans have the same markup as retail mortgage loans with one distinction. Banks make the most profit by closing mortgage loans with above market interest rates. The Banking Lobby spent millions of dollars to have this law changed excluding banks from disclosure requirements. You can learn more about finding the best mortgage loan without overpaying by registering for a free mortgage guidebook. Because your bank is exempt from RESPA laws, the bank will never tell you how much your mortgage interest rate has been marked up. To get your FREE six-part Mortgage Refinancing Tutorial, visit RefiAdvisor.com using the link below. To get your hands on this "Mortgage Refinancing Toolkit," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com. Because banks fund their loans with the bank’s money, many people mistakenly think taking out a mortgage from the bank or credit union is going to be cheaper than taking out a retail mortgage loan. By buying an undervalued property and then reselling it at its appraised value, vis-à-vis current market values, an agent can earn thousands of dollars in profits. Here are several reasons you should avoid Banks altogether when mortgage refinancing. To get your FREE Mortgage Refinancing Video Toolkit, visit RefiAdvisor.com using the link below. Banks are exempt from the disclosure rules required of other mortgage lenders. The markup of your mortgage rate for this reason is called Service Release Premium. Banks make the majority of their profit by selling your home loan to the secondary mortgage market. Once you close on the mortgage the bank will turn around and sell your loan to secondary mortgage market collecting their profit.