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Written by Steve Morrow
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Finding the right house is only half the battle; you also need to find the right mortgage loan. Just as no two houses are alike, no two mortgage loans are alike either. Interest rates and repayment terms are just the beginning.
Serving the entire State of Utah, I specialize in matching homebuyers with the right mortgages. I'm committed to providing you the best loan program to fit your needs and the highest quality service available anywhere. Call me today to learn more about how I can help you buy your new home, or refinance your existing mortgage loan. No one will take care of you the way that I do! I look forward to hearing from you. |
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Written by Steve Morrow
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I am an expert in the field of mortgage loans. That's all I do. No car loans, no credit cards, no checking accounts! Just Mortgage Loans. And by doing nothing but mortgage loans, I know them from one end to the other. We work with home buyers to find the right mortgage loan much in the same way as real estate brokers help you find the right house, and we do it for less than the banks and credit unions.
The primary service offered is expert knowledge, not only of mortgage rates and terms, but also of the various mortgage loans offered by specific banks and lending institutions. Therefore, I can save you time and money by identifying lenders and mortgage products that match your particular situation and preferences. |
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Written by Steve Morrow
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If a mortgage company gives you a Good Faith Estimate of your closing costs, they are required by Federal Law to give you a Federal Truth In Lending form. The APR is on this form. The APR is intended to be your "shopping tool". The lower the "spread" between your actual interest rate and your APR, the less you paid to get your loan.
Example:
Loan one has an interest rate of 5% with an APR of 5.5%.
Loan two has an interest rate of 5% with an APR of 5.25%.
Loan one has an APR that is .25% higher than loan two, because the fees to do loan one are much, much higher than they are on loan two!
Did you get a Truth In Lending when you got your Good Faith Estimate? If not, they may be trying to hide something. Be careful when you hear about a low, low interest rate - the fees could be astronomical! |
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Last Updated on Friday, 24 July 2009 16:23 |
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