How to Choose a Lender Part 4 – Harold Smith – Episode #93
Part 4 – Rates change daily, if not hourly
View other parts of this series: Part 1 | Part 2 | Part 3 | Part 4
How do you choose a lender? That is exactly what we are discussing in this four part series. We were able to bring in Harold Smith with Cornerstone Mortage to tell us more about the main criteria everyone needs to be using when picking a lender. The right lender will ensure the best possible experience.
This four part mini-series is packed with great info that you will want to know. Feel free to forward a link to this vlog to any of your family, friends or neighbors or whomever you think might find this of value.
For more info:
The Matteson Group
Coldwell Banker Apex, Realtors
214.405.3640
Your trusted real estate advisors providing a joy filled experience!
Here is Harold’s info:
The Harold Smith Team | Cornerstone Mortgage Company
5600 W. Lover’s Lane, Suite 204, Dallas, TX 75209
Toll Free: 1.877.890.5055 | Office: 214.350.5055 | Fax: 214.350.5008
Pre-Qualify Online: www.HaroldSmithTeam.com
E-Mail: harold@houseloan.com
How to Choose a Lender Part 3 – Harold Smith – Episode #92
How do you choose a lender? That is exactly what we are discussing in this four part series. We were able to bring in Harold Smith with Cornerstone Mortage to tell us more about the main criteria everyone needs to be using when picking a lender. The right lender will ensure the best possible experience.
This four part mini-series is packed with great info that you will want to know. Feel free to forward a link to this vlog to any of your family, friends or neighbors or whomever you think might find this of value.
For more info:
The Matteson Group
Coldwell Banker Apex, Realtors
214.405.3640
Your trusted real estate advisors providing a joy filled experience!
Here is Harold’s info:
The Harold Smith Team | Cornerstone Mortgage Company
5600 W. Lover’s Lane, Suite 204, Dallas, TX 75209
Toll Free: 1.877.890.5055 | Office: 214.350.5055 | Fax: 214.350.5008
Pre-Qualify Online: www.HaroldSmithTeam.com
E-Mail: harold@houseloan.com
How to Choose a Lender Part 2 – Harold Smith – Episode #91
Part 2 – Too good to be true & Get what you pay for
View other parts of this series: Part 1 | Part 2 | Part 3 | Part 4
How do you choose a lender? That is exactly what we are discussing in this four part series. We were able to bring in Harold Smith with Cornerstone Mortage to tell us more about the main criteria everyone needs to be using when picking a lender. The right lender will ensure the best possible experience.
This four part mini-series is packed with great info that you will want to know. Feel free to forward a link to this vlog to any of your family, friends or neighbors or whomever you think might find this of value.
For more info:
The Matteson Group
Coldwell Banker Apex, Realtors
214.405.3640
Your trusted real estate advisors providing a joy filled experience!
Here is Harold’s info:
The Harold Smith Team | Cornerstone Mortgage Company
5600 W. Lover’s Lane, Suite 204, Dallas, TX 75209
Toll Free: 1.877.890.5055 | Office: 214.350.5055 | Fax: 214.350.5008
Pre-Qualify Online: www.HaroldSmithTeam.com
E-Mail: harold@houseloan.com
Questions buyers should ask a mortgage lender
How do you decide which lender is best for you?
There is a lot more to the mortgage process than getting a good rate. High costs in fees and poor service can come as very unhappy surprises.
Here’s a list of suggested questions you might ask a lender:
• How large is your company, and how long has it been in business?
• Are you a licensed mortgage broker or loan officer in Texas?
• Is your company a mortgage banker or a mortgage broker? (A banker lends its own funds; a broker searches mortgage sources and arranges for you to receive financing from the lending entity.)
• What is the name, phone number, and e-mail address of the person who will actually be processing my loan application? How accessible is that person?
• Tell me about all loan fees. What fees must I pay up front? What fees will I have to pay at closing?
• How can you assure me I won’t pay any unnecessary “add-on” fees?
• Do the costs you are quoting include the lender origination fee?
• Are there loans available with no origination fees? No closing costs? Reduced closing costs?
• What are your interest rates?
• Is there a fee to lock in my interest rate? How long can I lock in the rate? If interest rates go down, can I relock at the lower rate? If so, will there be a fee for that?
• What information must I provide to get a mortgage loan?
• What documentation will I have to provide?
• Will you require current tax returns? (Take note of this especially between Jan. 1 and April 15 if you haven’t prepared your return yet.)
• How long will it take to get complete and unequivocal loan approval and be ready to close?
• I plan to stay in this house for ___ years. Can you show me the breakdown of any ARM loans you offer vs. fixed-rate loans to see which could save me the most money in my situation?
• What is private mortgage insurance? Other than a 20% downpayment, how can I avoid the private mortgage insurance?
• In the last three months, how many loan applications have you taken and how many have you been unable to close?
• Can you give me names and phone numbers of two or three people for whom you’ve funded loans in the last two months?
Currently, Texas-licensed mortgage brokers must use the standard Conditional Qualification and Conditional Approval letters when representing that an applicant is prequalified or preapproved for a mortgage loan. Mortgage bankers may be required to do so in the future.
To contact us call us at 214.405.3640 or email us at contact@themattesongroup.com
Read More
Recent Comments