Miami real estate was once a booming success until the mortgage crisis hit the region in the early 2006. Demands are high yet investors can't get the mortgage loan they need to fund their acquisition due to the strict requirements implemented by financial institutions in the area. The real estate market collapsed as the number of foreclosure grew, which eventually lead to the increase of unsold homes in the city. Despite the fall of the once great Miami real estate empire, the city is curren In most cases, banks usually close mortgage loans more quickly than a mortgage broker does. This is probably because a mortgage broker deals with two types of persons - the lender and the client. Resolving mortgage issues between these two is a time-consuming job.
