http://www.bizme.biz/paycheck/buying-a-condo-or-home-steps-made-easy/ The Ultimate bizGuide For The Young Professional Tue, 06 Dec 2011 15:10:00 +0000 hourly 1 http://wordpress.org/?v=3.0.4 http://www.bizme.biz/paycheck/buying-a-condo-or-home-steps-made-easy/comment-page-1/#comment-3360 Jennifer Tue, 20 Jul 2010 21:27:24 +0000 http://www.bizme.biz/?p=2317#comment-3360 Addition to step one... make sure that you get all of the correct documentation from the mortgage broker(s) that you are working with. You should receive a Good Faith Estimate with an outline all of their fees and charges such as appraisal fees, credit report fees, title insurace fees, etc. Also make sure that if you are entertaining an adjustable rate mortgage (gasp!) that you are aware of what your payments will be at their lowest (floor) and highest (cap or ceiling). They are required to give you this information so that you can compare loan offers between brokers. Apples to apples. Addition to step one… make sure that you get all of the correct documentation from the mortgage broker(s) that you are working with. You should receive a Good Faith Estimate with an outline all of their fees and charges such as appraisal fees, credit report fees, title insurace fees, etc. Also make sure that if you are entertaining an adjustable rate mortgage (gasp!) that you are aware of what your payments will be at their lowest (floor) and highest (cap or ceiling). They are required to give you this information so that you can compare loan offers between brokers. Apples to apples.

]]>