i dont want to find out later theres something in the fine print that I dont know about.
2007-08-10 12:04:09 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
first i hope your read all find print of every document you sign -- if not start now--- what is the interest rate/fix or arm would be on the top of my list!!!
2007-08-14 07:50:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Contact me Not Only will I give you answers to questions most every one don't ask. I will give you a complete financial outlook or plan for the years to come.
Inclusive of the already provided "Standard Questions" answers from the other readers which are basic and all good.
1. Take a Prepayment Penalty or no prepayment penalty?
2. Portfolio lender or warehouse lender?
3. Stated income documentation or "FULL DOC"?
4. Impound Accounts.?
5. No Point No fees (Higher Rate BTW)?
6. Buy ups or Buy Downs? (Rate or Fees)?
Rule of thumb the more story you tell and disclose the better the rate is with little adjustments (up or down) for the different "teasers"
Want honest answers full disclosures and a CLEAR PICTURE to what this process is all about and way more than I could possibly type in this little answer box. BECAUSE, when getting a LOAN for a HOME(Deed of Trust) aka "Mortgage" EVERY SINGLE PERSON, PROPERTY and INCOME PRODUCED "Job" creates a different result. NO TWO LOANS are ever EXACTLY the same.
Fell free to contact me time4loans@cox.net - Abel (Ya your clean clear no hype) Loan/Real Estate Broker.....
2007-08-10 19:36:07 · answer #2 · answered by tooanoyu 2 · 1⤊ 0⤋
There are lots of things to ask but here are a few:
1) Most obvious you want to know the interest rate and monthly payment
2) Is it a fixed-rate mortgage or an adjustable rate mortgage?
3) What are the closing costs and fees associated with the mortgage loan?
4) Is there a prepayment fee?
Those are what I can think of off of the top of my head.
2007-08-10 19:09:46 · answer #3 · answered by cradduck205 2 · 0⤊ 0⤋
If you like, you can contact me at casey.x.casperson@chase.com. I have a guide that I can send you that teaches you how to properly shop for a mortgage while educating you on the process.
2007-08-11 16:38:01 · answer #4 · answered by The Smart One 4 · 1⤊ 0⤋
Rate ? ( go only for 15 , 20 or 30 yr fixed /
NO ARMS !)
Points ?
Fees ?
I think that about covers it .
2007-08-10 19:11:35 · answer #5 · answered by kate 7 · 0⤊ 0⤋