The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TheStockFairy who wrote (71914)	2/11/2007 3:18:15 PM
From: Broken_Clock	of 306849

get at least 3 lenders to provide you with a written Truth in lending statement right off the bat. Do that this week as you likely have a set time period to apply for financing. Compare apples to apple, i.e. compare a 15 year fixed rate with 1 point and one point loan origination. Make sure all loan fees are on the TIL. The lowest rate is therefore your best bet. make sure the lockin period is at least a week or two beyond your closing date. Check with local S & L's or credit unions. They will often beat the independent lenders with fixed rates like the above. Do not go adjustable. If rates crater in a year or two you can always refi then. Do anything you can to get a 15 year. It's nice to see the principal drop each month right out the gate.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next