It’s more important than the rate
Posted by Greg Fischer in March 4th, 2010
Posted in: Purchase, Rates, Truth in Lending, Why Use a Mortgage Broker
Posted in: Purchase, Rates, Truth in Lending, Why Use a Mortgage Broker
A low rate matters, but it is only the 3rd most important thing to know when selecting a lender. First, be confident it will close, then close on time, and then worry about the rate.
What the Fed thinks about Shopping for a Mortgage Part 1
Posted by Greg Fischer in September 23rd, 2009
Posted in: Loan Process, Rates, The Fed, Truth in Lending, Why Use a Mortgage Broker
Posted in: Loan Process, Rates, The Fed, Truth in Lending, Why Use a Mortgage Broker
Only about half of research participants consulted more than one lender or broker
when looking for a mortgage loan. Know who you’re conducting business with before you sign on the line.
When should I refinance my mortgage?
The rule of thumb years ago was to only refinance if you could lower your mortgage interest rate by at least two percent. This was a simple way to analyze the refinance, allowing customers to weigh the rough costs of refinancing. But there are a number of reasons to refinance that have little to do [...]