Do You Know What Questions To Ask Your Lender?

June 10, 2011 at 8:45 am Leave a comment

http://www.msnbc.msn.com/id/32545640

A mortgage comes with many moving pieces and understanding them is the key getting a great deal. Unfortunately, studies show that few Americans have a firm grasp of how mortgages work — from mortgage types to mortgage fees.

In this back-to-basics interview on NBC’s The Today Show, you’ll learn some mortgage planning basics to help you get smarter with your next home loan in Okemos or anywhere else — purchase or refinance.

Some of the topics covered include:

  • The mortgage applicants for whom adjustable-rate mortgages are a better choice than fixed-rate mortgages
  • Why you should include “How Good Is This Lender?”-type questions in the rate shopping process
  • What a pre-approval letter is good for, and what it is not good for

There is also one of the most simple explanations of “discount points” ever offered on network television.

The video runs 4-and-a-half minutes. For first-time buyers and experienced ones, it’s worth a watch. You’ll pick up some tips to use on your next mortgage.

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Entry filed under: Mortgage Rates. Tags: , .

Moving To A New City? See How Much Your Cost Of Living Will Change. What’s Ahead For Mortgage Rates This Week : June 13, 2011

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Don Grimes

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Don Grimes
"Your Residential Mortgage Specialists"
Senior Mortgage Loan Officer
NMLS: #130686

Michigan Mutual, Inc
Office: (517) 507-0151
Toll Free: (800) 521-1642
Mobile: (517) 927-8110
don@DonGrimes.com
www.DonGrimes.com

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