One of the Get Home Denver Team's Mortgage Professionals wrote a great post today about the decision making process of paying upfront costs for a loan versus accepting a slightly higher interest rate, and lower out of pocket expenses. Here is an excerpt:
First, just like anything elseIF IT SEEMS TOO GOOD TO BE TRUE, IT PROBABLY IS.No one has a commodity on rates- interest rates all come from the same places, and if the rate sounds really unbelievable, ask a few more questions. Is there a prepayment penalty?Are there extra fees?What is the length of the lock-in agreement?If fees are discounted, is it built into a higher interest rate? [Click Here to Read the Rest...]
Bob Schenkenberger - Denver Real Estate
Greenwood Village, CO
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Colorado Realty Professionals
Office Phone: (303) 796-7000
Cell Phone: (303) 770-1180
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I've been selling homes since 1990. I've managed a large, national franchised office, and am currently Broker/Owner of a 5 agent company in Denver.
My firm is affiliated with Metro Brokers, Inc. We are a large group (almost 2000 agents) that share overhead, and resources. It allows us to run our business' nimbly, yet have the benefits of name recognition, etc. of the large franchises.
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