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Mortgage Good Faith Estimate

Sample Good Faith Estimate

December 18, 2007

Many homeowners rely on the Good Faith Estimate when comparison shopping for a mortgage loan. While it’s true that the Good Faith Estimate gives you more information than the Annual Percentage Rate (APR) there are important limitations you need to be aware of before choosing a lender based on this document. Here are [...]

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Mortgage Rate and APR

December 4, 2007

Mortgage loans can be confusing and intimidating for many homeowners. Terminology like APR is not only confusing, but in the case of Annual Percentage Rate is misleading. Here are the basics you need to know about Annual Percentage Rate (APR) and your mortgage rate when comparison shopping loan offers.
Annual Percentage Rate (APR)
What is [...]

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Find The Best Mortgage

November 19, 2007

If you are in the market for a mortgage to purchase your home or refinance an existing mortgage doing your homework will help you find the best mortgage for your situation. Doing your homework means researching how mortgage companies and brokers make their money and how this compensation affects your loan. The most [...]

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Mortgage Broker Compensation

September 19, 2007

Very few homeowners understand how mortgage brokers are compensated for their work. As a result, nearly everyone overpays in one form or another…mortgage brokers are very similar to used car salesman. Pressure sales tactics and improper disclosure of fees and markup are common tactics employed by mortgage brokers…so much that the Secretary of [...]

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Good Faith Estimate Secrets

September 11, 2007

Your Good Faith Estimate is a disclosure document that is supposed to give you an estimate of various fees and costs associated with your mortgage.
It is important to understand that the Good Faith Estimate is simply an estimate and does not have to accurately represent your total costs and fees when taking out [...]

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