Things to ask your mortgage representative

June 07, 2012  //  Posted by: Financial advisor  //  Category: Loans

Tips for mortgage loan, mortgageIt is very essential that you must ask questions and ask a few vital things to your mortgage loan representative. You must be satisfied with the answers before you take the mortgage loan. Ask him that whether you will be a whole sale mortgage lender. The answer will be yes. You must always take mortgage loan from a company that abides by the laws.

Do not get involved in a loan company that is illegal. You must also tell your representative that you will pay a reasonable origination fee but you will not going to charge for any markup of the company. You tell him also the fact that you will lock only when you are happy and contented that the company will not mark up your interest rate. It is very essential that you clarify all details before you are ready Keep yourself steady and calm and plan the whole process.

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