The Eagle's View
Rants and raves about real estate related topics by Mike Bradley, Broker/Owner of Eagleview Properties in Littleton, Colorado.Friday, September 09, 2005
Understanding Your Mortgage
When you apply for a home loan, by law you must receive a "good faith estimate" from the lender within 72 hours of submitting your application. The purpose of this document is to give you an initial idea of how much you can afford to borrow to buy a new home, how much your monthly payments will be, and most importantly, how much money you will need to bring to the table to buy your home. Loan officers should go over this document with you in detail and explain every fee to your satisfaction so that at closing there are no surprises.
If you need a referral to a good mortgage lender contact me and together we will get you on the right path to owning a new home.
If you need a referral to a good mortgage lender contact me and together we will get you on the right path to owning a new home.
Archives
July 2005 August 2005 September 2005 October 2005 November 2005 December 2005 January 2006 February 2006 March 2006 April 2006 May 2006 June 2006 July 2006 August 2006 September 2006 December 2006 January 2007 February 2007 March 2007 May 2007 June 2007 August 2007 September 2007 November 2007 December 2007 January 2008 February 2008
Subscribe to Posts [Atom]