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closing costs: Mortgage Closing Costs in New Jersey – Knowing the differences - 06/23/11 09:34 AM
Mortgage Closing Costs - The Importance of Estimating Closing Costs Estimating mortgage closing costs in New Jersey should not be a difficult task for most, but for some loan officers, they can be way off the mark. I know this because I get about three e-mails a month from borrowers that had a bad experience. Now I am seeing a trend that is scaring me, and the consumer needs to be aware.
When first shopping for a mortgage in New Jersey, usually the first question that gets asked by the borrower is, “what is your interest rate.” Followed by, “what are your … (2 comments)
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closing costs: Shopping APR (annual percentage rate) vs Interest Rate in New Jersey - 06/22/11 09:53 AM
APR vs Interest Rate – Shopping properly
Shopping for interest rates in New Jersey aka shopping for mortgages in New Jersey, can be confusing, especially when shopping for an interest rate and shopping for APR at the same time. The borrower needs to properly know and understand the differences. It can even be more confusing when you hear different opinions from different so-called experts.
What is most common taught or thought of? Shop interest rates. Shop and compare the APR (annual percentage rate). Shop fees. So which is it?
Let’s define both Interest Rate and Apr. – This comes … (8 comments)
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closing costs: Who should I get my closing cost figures from prior to settlement? - 01/24/11 12:35 PM
My Lawyer seems to be avoiding me when I ask for my total closing costs…. should I proceed with caution? I am all about transparency and making sure that I provide the correct answers. I know most of us want to be helpful, but can some of our answers be hurtful instead?
The question above was just asked on Trulia advice the other day, aka asking questions on Trulia. One answer ruffled my feathers, because unless you know all that you need to know about mortgages, this can be a dangerous question with answers that could backfire on a … (9 comments)
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closing costs: Mortgage Junk Fees - And FHA loans are more expensive!!!!! - 08/05/09 11:00 AM
BEWARE – A very boring topic below, but important to understand. (please read the whole thing before you assume what I meant by the title of my blog, about FHA loans.)
What first comes to mind when you hear the word junk?
-- Crap?
-- Old?
-- Trash?
What about the term, junk fees? Closing cost junk fees? Answer dot com gives you a definition of this and an example. - Junk Fees - Many people, even realtors and loan officers, assume that fees other than points charged by the lender are junk … (27 comments)
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closing costs: Good Faith Estimates - FHA or Conventional - What are the problems when shopping?? - 12/17/07 09:23 AM
Do you feel like you are sometimes back in time when shopping for a mortgage? Is it because you have now talked to 5 different lenders and nothing seems consistent? How is the communication level when shopping good faith estimates? Does that loan officer just give you want you think you want to hear?
Let's look at one major contributing issue when shopping for a mortgage. "If it's too good to be true, then it usually is." Do you think that you are a savvy shopper because you think you know what you are asking for? Do you think … (15 comments)
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closing costs: No Closing Cost Loans VS Closing Cost Loans - 06/26/07 11:21 PM
Wow, no closing costs, what a great deal. Well, yes, because you won't have to come to the closing table with hardly any money out of your pocket. Just watch out for catchy phrases. They can bury you, just as if you were buried under a pile of rocks. That you can't dig yourself out of this.
So, Advertising, it can be really catchy at times. As a consumer that might not know any better, this sounds like an awesome deal. NO CLOSING COSTS!! Sign me up and 50 of my friends and family members. Because that last lender was charging … (16 comments)
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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
Cherry Hill,
NJ
More about me…
Social Media - Infinity Home Mortgage Company, Inc
Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033
Cell Phone: (609) 440-5133
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