SHOPPING LOANS – So what do you look for?
REFINANCING OR BUYING WHILE MORTGAGE MONEY is still reasonable? It is time to get busy but be careful out there too.
LEARN THE LANGUAGE AND SHOP THREE LENDERS. That has always been the rule of thumb. It may be a little harder right now. If you are looking for loan products like stated income loans, one lender may tell you they are not available but another lender may still have them. Do you have a good knowledge of the programs available? Do you know which lender almost always has the cheapest money?
INTEREST RATE AND POINTS ARE WHERE most people start shopping for money. All lenders are required to provide a good faith estimate. That tells you the interest rate and points and also includes the rest of the closing costs and long term cost of the loan? How do you know when you are getting a good deal? Do you recognize a “junk fee” when you see it?
MY CLIENTS HAVE ACCESS TO PASSWORD protected postings that answer these questions. I am also happy to look over the Truth in Lending Estimates with my clients and help them negotiate for the best possible terms.
CONTACT ME TO GET YOUR PASSWORD.
Joyce Murphy, Realtor Broker BIC
Accredited Luxury Home Specialist
Hawaiian Isle Real Estate LLC and Luxury Real Estate Florida, Inc.
“In Real Estate, Experience Counts!”
808-443-4302 / 808-327-1155
More Kona Real Estate Information at:
www.LuxuryRealEstateHI.com
Filed under: Real Estate Information
Leave a Reply