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ABOUT MORTGAGE LOANS! SOME OF THE GUIDELINES YOU SHOULD KNOW: You should never be required to give the lender money up front except enough to cover your credit report. Reputable lenders do not need "Application" fees or "Commitment" fees up front. To make sure that your purchase goes through or closes you must have the name and phone number of a person who will be able to answer questions prior to and at the time of closing. We have had closings fall through because there was no loan agent available at the time of closing to clarify information. Most lenders say they will match lowest rates. Many of those low rate quotes on the Internet are tied to really high closing fees. That is how the lenders Quote gets below market. The difference is made up with higher fees that act as discount points. Be as concerned about the fees as you are about the rate.
SPECIAL NOTICE ABOUT INTERNET LOANS AND MORTGAGES
THE RULES TO GO BY!
MAKE SURE YOU HAVE THE NAME OF A LOAN AGENT WHO WILL BE AVAILABLE TO CONFIRM TO THE SELLER THAT YOU HAVE LOAN APPROVAL.
MAKE SURE YOU ARE THE NAME OF THE AGENT AND NUMBER WHO WILL BE AVAILABLE ON THE DAY OF CLOSING TO HANDLE QUESTIONS BY THE TITLE SERVICE ON YOUR NEW HOME AND LOAN.
IF YOU ARE QUOTED A SUPER INTEREST RATE MAKE SURE YOU HAVE THE LOAN COMMITMENT IN WRITING LOCKED IN FOR THE SPECIFIC PROPERTY YOU SELECT.
THESE RULES ARE ESSENTIAL AS MANY INTERNET LOAN OPERATORS DO NOT HAVE A PERSON TO ASSIST YOU IN THE CLOSE AND YOUR CLOSING OR PURCHASE COULD BE PUT OFF OR FALL THROUGH ON THE DAY OF CLOSE DUE TO LACK OF ANSWERS ON ANY QUESTION THAT COMES UP.
WE POINT THIS OUT AS WE HAVE HAD MANY BUYERS WITH LOW QUOTES UNABLE TO CLOSE ON THE HOME AT THE TIME PLANED BECAUSE OF NO POINT AGENT TO HANDLE THINGS THAT COME UP AT THE LAST MINUTE.
FOR A LOWER MONTHLY PAYMENT!
SAVE
MONEY ON NEW MEXICO REAL ESTATE BY PRE-QUALIFYING ON LINE!.
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ALBUQUERQUE AREA NEW MEXICO HOME LOANS Corrales, NM 87048 (505) 898.9380 FAX (505) 898.9372 |
A FREE RELOCATION PACKAGE
SAVE
MONEY ON NEW MEXICO REAL ESTATE BY PRE-QUALIFYING ON LINE!.
TRISH DAWSON, JD, REALTOR AND
CHUCK DAWSON, MA, ASSOCIATE BROKER
both with Coldwell Banker Legacy 898 2700
Listers of fine NM properties and buyers agents operation.
DIRECT 505-792 7632 HOME 505-898-9380
971-8584 PAGE 898-9372 FAX
GET THE MOST HOME FOR YOUR PAYMENT
Don't Settle For Less Than The Best
"Your mortgage
loan specialist in New Mexico"
MIKE POTTS IS THE DAWSON MONEY GUY!
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MEXICO INFORMATION PAGE PLEASE TAKE NOTE: