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closing cost: How to get the JUNK out of your closing cost! - 08/11/09 10:26 AM
It is imperative to compare apples to apples when shopping for your mortgage.
Just because one broker offers you the lowest rate, it does not necessarily mean that they are offering you the best deal. To find out what the best option is for you, you must compare Good Faith Estimates side by side. Here are some important things to look for:
Most "junk fees" will be found in the 800 lines of the GFE. Below you will see what excessive fees will look like

The 800 section is what you need to pay the most attention to. Everything else … (0 comments)

closing cost: Why the No Cost mortgage is a HIGHER cost mortgage - 04/29/09 03:15 PM
No closing cost mortgages have long been an attractive option for homeowners. When done correctly, they can indeed be a very good deal. I receive regular inquiries about these loans and my advice in this market is always the same: If you are planning on owning your property longer than 3 years, than it is probably MORE beneficial for you to obtain a mortgage with reasonable cost, than a mortgage with no closing cost. In all likely hood, it would probably be beneficial to pay points and get the LOWEST rate possible. The only time I recommend no cost refinances is for a … (2 comments)

 
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Choice Finance®

Rockville, MD

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Choice Finance Corporation

Address: Rockville, MD

Office Phone: (301) 881-8900

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