New City Mortgage Rates Are Not the Whole Story...
Marcellariggs.com
845 544 4026
Good Faith Estimates — anyone actively comparing
mortgage rates in New City receives them. Yet GFEs seem full of the kind of
fine print that we don’t necessarily spend time worrying over: a glance at the
bottom line would seem to suffice. Sort of like the kind of golf rule (26-1)
that just cost Tiger Woods his shot at a 5th green coat. New City Mortgage
Rates Are Not the Whole Story...
Like Mr. Woods, even if we do everything else right, not paying close
attention to the fine details can cost us. But quite unlike Rule 26-1, the
details in GFEs aren’t there to limit our options — they’re there to point the way cutting our
costs! New City Mortgage Rates Are Not the Whole Story...
To get that readout, you need only provide the standard details required
by all lenders. Once that’s done, they are obligated to send you a GFE quickly:
within three days. Mortgages are all about your obligation to the lender: so
this puts the shoe on the other foot. New City Mortgage Rates Are Not the Whole
Story...
The key to GFEs’ value lies in their uniformity. The line-by-line detail
makes them ideal vehicles for cross-comparing what your mortgage costs
from each lender will be — and where
discrepancies lie. New City Mortgage Rates Are Not the Whole Story...
Some of the costs (like taxes and government fees) should be the same
for every lender, but others will be different. You are entitled to know what
third party fees you will incur, what loan charges are applied by your lender,
and any other costs associated with your loan. Beyond the mortgage rates being
quoted, such comparisons will be sufficient to show you who is offering the best
deal.
Another nice thing is that you do not have to pay outsized fees for a
GFE; at the most, your prospective lender can ask you to cover the costs of
your credit check. New City Mortgage Rates Are Not the Whole Story...
Today, mortgage
rates in New City remain at the
historically low levels we have been pointing to for a while. If for no other
reason than the virtual certainty that they won’t stay there forever, now
continues to be an unusually opportune time for buying or selling. If you
agree, contact me for an up-to-the-minute market assessment anytime. Marcella
845 544 4026 riggsmarcella@gmail.com or click here to check out some useful
information at marcellariggs.com
No comments:
Post a Comment