- It's quick and easy.
Ask for references from your Agent, Friends and Co-workers. Evaluate
several loan officers (3 or more) to see who has the best rates, the
lowest fees, and will work well with you through closing. Always
ask for a "good faith estimate" when shopping for loans. Are
there pre-payment penalties? Is there a way to avoid paying PMI (Private
Mortgage Insurance) with say an 80-10-10 loan (80% loan, 10% 2nd trust,
- By learning about different
loans you may qualify for loan packages that will get you into the house
of your dreams.
- Don't waste your time
by looking for a house in the wrong price range. You need to know the
current market rates, points and fees to accurately determine your purchasing
simple step will save you much time and energy and will put you in an
excellent position to move quickly into a solid contract that will get
you the house you desire.