How to compare mortgage offers

Comparing multiple mortgage offers for a home loan is a challenge you will face when refinancing your home.   If you are looking at multiple offers for the lowest mortgage rate, Here is what you need to know:   1.Obtain a Loan Estimate (LE).It’s a three page document required by law to be sent to […]

How to get the lowest rate on my mortgage

Every mortgage company under sun claims to have the lowest rates. But who really has the lowest rates? It’s hard to tell with all the clever ads and fast talking salespeople, but I will break down how it really works in this quick article:     Here’s how it usually ranks: in order from highest rates to lowest rates: […]

What can I do if my appraisal comes in low?

Are you worried about receiving a low appraisal or have you already received a low appraisal than your accepted offer? This article is for you.   Although the home-buying process has its own ups and downs, unquestionably the most nerve-wracking moment is when the appraisal ensuring that the appraisal doesn’t come in significantly lower than […]

Is a mortgage broker better than a direct lender?

What’s the difference between a direct lender and a mortgage broker? This question comes up very commonly and there is a lot of misinformation out there about this subject. Let’s begin with the fundamental difference. A loan officer at a bank is employed as an agent of the bank they are representing. At the end of the […]