The mortgage you take out from the bank is funded entirely by the bank and pooled together with their other loans. To get your hands on this free video tutorial: "Mortgage Refinancing - What You Need to Know," which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit Refiadvisor.com. To get your FREE Mortgage Refinancing Video Toolkit, visit RefiAdvisor.com using the link below. Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders.

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. While it’s true refinancing your mortgage with a bank is convenient, banks have a dirty little secret when it comes to mortgage loans. While banks are a convenient way of getting a new mortgage and are much less likely to try and use high pressured sales tactics on you, you are limited to the Bank only mortgage products.

The first thing you need to know about banks and mortgage loans is that your bank is in the mortgage business to make money. Your bank doesn’t do this collecting the interest from payment you send in every month; banks make the majority of their profits selling loans on the secondary market. To get your free mortgage guidebook visit RefiAdvisor.com using the link below. Banks know that loans with above market interest rates bring them a premium profit at the homeowner’s expense.

The only way to spot this markup that your bank includes in their rate sheets is to find out what the going wholesale mortgage rates are. • Limited Number of Loan Products to Choose From • No Room for Negotiation on Your Interest Rate • Interest Rates Are Always Higher • Banks Are Not Willing to Negotiate Lender Fees and Closing Costs • Banks are Exempt from Disclosure Rules Provided by the RESPA Act. Banks inflate their mortgage rates with Service Release Premium to boost their profits at your expense. Banks do the same thing to make money selling the loans on the secondary market.

Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. RESPA laws in the United States protect you by requiring mortgage lenders to disclose their profit margin and markup on your loan. If you are in the process of refinancing your home mortgage and are considering your bank, there are several things you need to know before making an expensive mistake. In addition to having fewer choices, your bank is much less likely to negotiate over interest rates and fees.

Because your Bank is exempt from the Real Estate Settlement Procedures Act that requires mortgage lenders to disclose this markup, the only ones that know how much they are overcharging you is the Bank. Your Bank may seem like a convenient way of refinancing your mortgage loan; however, Banks have secret when it comes to disclosing information about their fees and markup. To get your FREE Mortgage Refinancing DVD, visit RefiAdvisor.com using the link below. Banks routinely overcharge their customers by marking up mortgage interest rates.

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 know that loans with above market interest rates bring them a premium profit at the homeowner’s expense. Aside from the fact that Banks don’t have to play by the rules your bank has a dirty little mortgage secret. What makes a profitable investment on the secondary mortgage market? The answer: high interest mortgage debt.

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. Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. What is SRP and why should you avoid banks altogether for your next mortgage loan? The answer will surprise you.