Buying a home is usually the largest purchase any of us will make in a life time. When choosing a home, you want to find one that suits your families needs best. Take the same steps when choosing a mortgage company!
When you are looking for a mortgage company, do your homework! Interview the loan officer and ask him what he or she has to offer you in terms of savings, interest rates and mortgage loan products.
Ask for a Good Faith Estimate of Settlement charges. Ask the lender if there is a lock fee and for how long?
A good lender should discuss with you the different programs that they offer. Most lenders offer VA, FHA and Conventional mortgage financing. You should discuss with the lender your future plans, such as how long you plan to live in the home. This will help them determine if a fixed rate or an adjustable rate mortgage works best for you.
With interest rates still at record low, most homebuyers are taking a fixed rate mortgage if they plan on living in the home more than 3 years. Adjustable rate mortgages have many different terms that the rate is fixed, 1, 3, 5 and 7 years are the normal terms that are offered. Fixed rates assure you that the rate is fixed for the entire term of the loan. Loan terms offered are usually 15 or 30 years, however 10, 20 and 25 years are also available.
Choosing the right mortgage company will help you make an intelligent decision and make the transaction go a lot smoother.
Choosing the wrong mortgage company can result in higher rates, terms that you didn't understand and overall stressful experience.
If you would like to know more, please visit my website. My website contains loan payment tools and calculators to help you understand more about what you can afford. You can also apply online. My contact information is on my website. Please feel free to visit us at www.thebestmortgageguy.com
Glenn Keller is a veteran in the mortgage industry and is associated with Affordable Home Funding at 1204 Hospitality Ave. Kingsland, Georgia 31548. For contact information, please visit our website at http://www.thebestmortgageguy.com
Refinancing can be a very simple process. You fill out... Read More
You can buy a home with a bad credit record;... Read More
Homes that have been foreclosed can be one of the... Read More
If your down payment on a home is less than... Read More
Doesn't Residential mortgage give the impression that they are a... Read More
The Research Rates of Agri MortgageFirst thing, when finding an... Read More
Interest rates and fees vary between subprime lenders just like... Read More
If you're looking for a cheap homeowner loan, you might... Read More
If finances had a copyright, we would have bought it... Read More
Applying for a subprime mortgage loan online can seem intimidating... Read More
Owing to the popularity of home equity loans, there are... Read More
Lots of articles have appeared recently about the booming real... Read More
You've found a house that is perfect for you. It... Read More
It is a common financial scenario across households in the... Read More
If you've got a wallet full of credit cards, and... Read More
There are two broad types of home equity loans:Term loans:... Read More
There are many benefits to interest-only mortgage loans. There are... Read More
Help is available to borrowers who have claims against their... Read More
Most consumers are aware that a history of paying bills... Read More
Refinancing your home is a major decision not to be... Read More
Buying a home, especially for the first time, can be... Read More
Have you ever noticed how hard it can be to... Read More
Do you need cash? Here's a mortgage for you. If... Read More
It might not be too big of an exaggeration to... Read More
This is a guide on how to get the best... Read More
Tapping your home's equity to pay college expenses, consolidate credit... Read More
Whether you are looking to purchase your first home, sell... Read More
Buying your first house is always a difficult time. There... Read More
If you watch enough late night television, you'll see advertisements... Read More
Wanna know a little secret? There is an ingenious method... Read More
Homeowners facing foreclosure should be aware of unscrupulous lenders and... Read More
When it comes to getting money, you have two basic... Read More
Whether you are a first time home buyer or a... Read More
Procuration fees paid by some sub-prime lenders are too high.Fact.There... Read More
A home equity loan allows you to borrow against the... Read More
If you happen to be shopping around for a mortgage,... Read More
Here is a useful guide to home equity loans. A... Read More
Tuition costs are climbing, housing costs are climbing, it seems... Read More
"Mortgage" is formed from two words: the French word "mort"... Read More
Mortgage elimination programs are all the rage these days. In... Read More
Just because you have negative items on your credit report... Read More
Are you wondering how to get the best Home Equity... Read More
In many ways a commercial mortgage is just like a... Read More
Although any loan used for buying real estate is strictly... Read More
Types of UK MortgagesYou may be wasting your money with... Read More
Have you decided to refinance your home or apply for... Read More
Online homeowner loans have been growing in popularity in recent... Read More
I once helped a customer cut over $700 off his... Read More
Getting approved for a jumbo mortgage loan online is similar... Read More
'Flexible mortgage' is a term that's used a lot, but... Read More
Outlined below is a useful guide to flexible mortgages. Flexible... Read More
Buying a home, especially for the first time, can be... Read More
There are several reasons why you might be in the... Read More
A few years ago, a loan officer who worked for... Read More
Most borrowers have heard of FHA home loans. They are... Read More
Buying a home with poor credit is easier than ever... Read More
How much interest are you earning on your home equity?... Read More
Are you thinking of buying a home? If so, then... Read More
Applying for a home loan may not be the most... Read More
According to the Council of Mortgage Lenders, first-time buyers are... Read More
As is the case when applying for any mortgage, be... Read More
Interest - is an amount you pay for the use... Read More
You have finally found the home of your dreams. You... Read More
If you have a recent bankruptcy on your credit and... Read More
Buying your first home will likely be the biggest and... Read More
The best way to explain why a mortgage professional is... Read More
Mortgage Refinance |