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Lame. But I'll humor you anyway.

Three years ago, I was a loan officer in the mortgage sales department of a small credit union. I sold and processed home equity loans as well as cross sold Visas and car loans.

As you may know, some of those questions don't apply for second mortgages. Also, it's been three years and working in mortgages wasn't really a passion of mine.

#1 - don't remember.
#2 - That would be within 3 days of someone applying
#3 - I don't remember what the federal law states, but I recall ordering the appraisal after the loan amount was pre-approved and we were given a full application that included proof of income.
#4 - don't know.
#5 - although I never dealt with first mortgages, I would assume an adjustable rate mortgage would be ideal given that economic environment.





Hillary, I would like to re-finance to take advantage of a better rate. But I don't wan't to purchase yet another title insurance policy. Assuming I stay with the same lender is there anyway I can avoid spending another 3K on title insurance?

Thanks.
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