lender: Become a Preferred Buyer - 11/02/12 07:52 AM
Become a Preferred Buyer When you begin house-hunting in Lodi and Stockton, CA areas, it will help you narrow down the homes that you consider if you know how much you can afford to pay. You can do that by getting pre-qualified, or you can take the process one step further by getting pre-approved.
Many people get confused by these terms and think they mean the same thing, when actually they are quite different. Being pre-qualified doesn't mean that you have a commitment from a lender; it's merely an indication of how much home you can afford. The pre-approval process, on … (5 comments)

lender: 6 Reasons it Pays to Shop Around Before Choosing a Mortgage - 10/16/10 06:53 AM
1. To get the best interest rate possible Over the life of a $200,000, 30-year fixed rate loan, a one-tenth of a point difference in interest rate could save or cost you thousands of dollars. 2. To pay lower loan fees Once your loan application is accepted, the lender will get back to you with a good-faith estimate (GFE), including an itemized list of all the costs associated with the loan. If there are any parts of the GFE that you don’t understand, don’t be afraid to ask the lender to explain each fee that is listed. 3. To avoid a … (5 comments)