Find a mortgage lender by putting together a list and then narrowing it down. Ask friends, co-workers, agents, and title people for referrals. Contact the lenders on your list and, after speaking with them, narrow it down to two or three you feel most comfortable with and ask them work up a GFE. Compare the GFEs side by side. Note the fees each lender is charging and the APR. Most [...]
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Sometimes you can save money by shopping for a lender on the Internet, but there are traps that can cost the unwary. Surfing the Web is a great way to get a feel for loan options and rates, and you can even get a good loan. However, watch out for teaser interest rates. The lender will try to make up the loss with padded fees or not be able to [...]
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Start shopping for a good lender by creating a list of possible candidates and then narrow it down to a short list of lenders that you will talk to. Ask friends, relatives, or co-workers who have recently bought or refinanced a home how they liked their lender. If you get a positive response, add that lender to your list. Also check with Realtors, title people, real estate attorneys, and others [...]
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With a bi-weekly payment schedule, you make two half-payments per month. For instance, if your pay period is every two weeks, you pay one-half of the payment on the first of the month and the other half on the fifteenth. Most lenders offering this service require an automatic deduction from a checking account.
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