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 is pretty much pre-determined. Such as title insurance, transfer taxes, etc....
Next you will have your pre-paid expenses. These will include Interim interest, Hazard Insurance, Property taxes and maybe even a month or two of HOA dues. While the broker cannot change these figures, a good broker will take the time to ensure accuracy. Almost every county makes tax information available online.
As you can see, it is not that difficult to compare various estimates, you just need to know where to look. Allow me to assist you with your new home purchase or refinance today. I will beat 95% of my competitors GFE's. If I cannot beat it, you know you are getting a great deal!
For updated USDA, FHA , VA, Conventional and Jumbo mortgage rates go to www.joshburley.net .
Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.joshburley.net
www.choicefinance.net
301.881.8900 x125
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