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- It's quick and easy.
Ask for references from your Agent, Friends and Co-workers. Evaluate
several loan officers (3 or more) to see who has the best rates, the
lowest fees, and will work well with you through closing. Always
ask for a "good faith estimate" when shopping for loans. Are
there pre-payment penalties? Is there a way to avoid paying PMI (Private
Mortgage Insurance) with say an 80-10-10 loan (80% loan, 10% 2nd trust,
10% down).
- By learning about different
loans you may qualify for loan packages that will get you into the house
of your dreams.
- Don't waste your time
by looking for a house in the wrong price range. You need to know the
current market rates, points and fees to accurately determine your purchasing
power.
- This
simple step will save you much time and energy and will put you in an
excellent position to move quickly into a solid contract that will get
you the house you desire.
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