equity loan payments – home

January 10, 2010

What to look for when shopping around for home equity loans?

27amDotCom asked:


Any advice on what to look for when shopping around for home equity loans?

Are there referral commissions?

I have a couple of individuals looking for a home equity loan … I told them I’d look into it for them. I’d like to find a quality vendor, but if referrals commissions are paid out, I’d like to negotiate for that too.

How do I figure out what is a “great deal”?

PS. I’ll happily take general replies but this would be specific to Calgary, Alberta, Canada.

Julio

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2 Comments »

  1. Mildred

    If you were in the US I’d say caretul you may be stepping into legal problems.

    Comment by greta — January 11, 2010 @ 12:00 pm

  2. Martin

    You have to have a mortgage license to collect a commission. It is not legal to be involved without a license.

    Comment by Landlord — January 14, 2010 @ 7:48 pm

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