Home Mortgage

Knowledge Is Power When Mortgage Shopping Section


 

Knowledge Is Power When Mortgage Shopping Navigation


|

Stress and Anxiety Guide Home Page
Tell A Friend about us
California Cash Out Refinance Las Vegas Home Mortgage Loans |
Florida Bad Credit Home Mortgage |
Refinance Calculator Home Mortgage Refinance Loan |
Home Mortgage Loan Calculators |
Pay Option Loan California Home Mortgage Refinance Interest |
Refinance A Home Mortgage Rate Calculator |
Home Mortgage Financing Rate Quotes |
Low Interest Rates Home Mortgage Loans In Us |
Loan Bids Home Mortgage Loans Refinance London |
Us Bank Home Mortgage |
Home Mortgage Brokers |
Home Mortgage Refinancing Loan |
Mobile Home Mortgage Lenders |
Oregon Home Mortgage Loan Rate |
Current Home Mortgage Interest Rates Indiana |

List of home-mortgage Articles
Sitemap



Social bookmarking
You like it? Share it!
socialize it


Main Knowledge Is Power When Mortgage Shopping sponsors


 

Newest Best Sellers


 

Welcome to Home Mortgage

 

Knowledge Is Power When Mortgage Shopping Article

Thumbnail example

Knowledge is Power When Mortgage Shopping

from: John DiDomenico




Knowledge is Power When Mortgage Shopping
Knowledge is power when it comes to shopping for home mortgage loans. Shopping for the best rate doesn’t have to be frustrating provided you have the proper knowledge when comparing mortgage loans. Lenders love to play tricks in order to entice you to give them your business. However, when you compare loan programs it’s essential that you not only compare interest rates when choosing which lender to go with. For example a lender this afternoon offered me a rate of 5.625% fixed for thirty years with zero points. The loan sounded very good until he said there was a lender fee of $2,495 in addition to the credit report fee, government charges, local taxes, and appraisal and attorney fees. This particular lender said this fee was for the application and commitment fee. The loan amount was approximately $200,000 which was equivalent to almost a 1 point loan, (meaning 1 percent of the total loan amount). Therefore, the other lender that was charging 5.625% with a ˝ point and a $395 application fee with no commitment fee was a much better deal. It’s essential to request a good faith estimate and to compare all of the lenders offers side by side. The good faith estimate is an approximation of all of the fees associated with the loan. The good faith is required by law to be given to the potential borrower. Make sure to request one and to look at all the fees, because that low rate, may not be so low after all.

You may freely reprint this information on your website provided the following caption remains intact.

“This information courtesy of http://www.mortgagemoola.com Click here.”
John DiDomenico is the founder of Mortgage Moola who helps educate homebuyers and homeowners on their purchase and refinance needs via the http://www.mortgagemoola.com website. To find a home mortgage loan that best suits your needs visit http://www.mortgagemoola.com.

About the Author

John DiDomenico is the founder of Mortgage Moola who helps educate homebuyers and homeowners on their purchase and refinance needs via the http://www.mortgagemoola.com website. To find a home mortgage loan that best suits your needs visit http://www.mortgagemoola.com.