Comments on: Home Mortgages for Dummies http://www.refiadvisor.com/pblog/refinancing-advice/mortgages-for-dummies-3/ Expert Mortgage Refinancing Advice You Can Trust Sat, 11 Feb 2012 02:15:20 +0000 hourly 1 http://wordpress.org/?v= By: Carrie http://www.refiadvisor.com/pblog/refinancing-advice/mortgages-for-dummies-3/#comment-9495 Carrie Fri, 10 Jun 2011 18:06:59 +0000 http://www.refiadvisor.com/pblog/?p=3035#comment-9495 This is why you should deal directly with a lender and cut out the middle man(broker). This is why you should deal directly with a lender and cut out the middle man(broker).

]]> By: Julie the Green Real http://www.refiadvisor.com/pblog/refinancing-advice/mortgages-for-dummies-3/#comment-6500 Julie the Green Real Thu, 08 Apr 2010 02:54:37 +0000 http://www.refiadvisor.com/pblog/?p=3035#comment-6500 Nice and needed post. I see day after day that financial and economic knowledge is missing in our schools. Sometimes it's shocking, how little people know about mortgages, even when they are personally involved! Especially how interest rate works and how it can change. And then we see surprised people, whose mortgage expenses jumped into heavens within few months, not knowing what to do... Take care Julie Nice and needed post. I see day after day that financial and economic knowledge is missing in our schools. Sometimes it's shocking, how little people know about mortgages, even when they are personally involved! Especially how interest rate works and how it can change. And then we see surprised people, whose mortgage expenses jumped into heavens within few months, not knowing what to do…

Take care

Julie

]]> By: Robert http://www.refiadvisor.com/pblog/refinancing-advice/mortgages-for-dummies-3/#comment-6446 Robert Sun, 14 Feb 2010 12:16:49 +0000 http://www.refiadvisor.com/pblog/?p=3035#comment-6446 Hi Bruce, Unfortunately it's not that simple. The APR is based on the fees found in the "Good Faith Estimate" which as the name implies is just an estimate given in "Good Faith." Mortgage lenders routinely low-ball the fees found in the Good Faith Estimate to make their loan offers more attractive; this makes the APR all but worthless for mortgage shopping... Hi Bruce,

Unfortunately it's not that simple. The APR is based on the fees found in the "Good Faith Estimate" which as the name implies is just an estimate given in "Good Faith." Mortgage lenders routinely low-ball the fees found in the Good Faith Estimate to make their loan offers more attractive; this makes the APR all but worthless for mortgage shopping…

]]> By: Bruce http://www.refiadvisor.com/pblog/refinancing-advice/mortgages-for-dummies-3/#comment-6441 Bruce Sat, 13 Feb 2010 20:45:15 +0000 http://www.refiadvisor.com/pblog/?p=3035#comment-6441 If I compare the loan offers just based on APR for all offers that have the same length (i.e. 30 years), does that not cut thru all of the fees and points? If I compare the loan offers just based on APR for all offers that have the same length (i.e. 30 years), does that not cut thru all of the fees and points?

]]>