Nevada Real Estate >> Las Vegas Real Estate Specialist: North Carolina: Cary

How to get the lowest rate and fees on a mortgage

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If you want to get the lowest rate and fees on a mortgage then you have to understand how the game is played:

1) Mortgage rates change daily and sometimes several times a day. To learn more click here.

2) Every loan has fees.  Third party vendors want to be paid for their services.  Loan officers and their company want to be paid for their services.  You will always pay for these services so the question is how?  A higher rate = less fees.  A lower rate = higher fees.  You will not get the best rate paying no fees - if you think you have then you have been duped.

Now that you are armed with the facts, this is how to get the lowest rate and fees on a mortgage:

A)  Ask the loan officer how much do you need to make on my loan?  Ask what service will be provided and then both should agree on a figure.

B)  What will the lender charge in fees? (They all have them and I can prove it)

C)  Are you a direct lender, correspondent or a broker?  Brokers must credit all lender rebates back to the   customer.  Direct lenders and correspondent lenders do not have to disclose any lender rebates.  Keep this in mind when choosing a loan officer.

Following these simple directions will make shopping for the lowest rate and fees on a mortgage less stressful.

 

 

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click for loan options

 

eho

 

First Priority Financial is licensed by the California DRE # 654852  Nevin's California DRE license 016552

  The opinions expressed in this blog are not necessarily those of First Priority Financial.

                     3700 Hillborn Rd #700, Fairfield, California 94534.   This is not a guarantee to lend.  * Not a licensed branch.

 

How to Shop Mortgage Rates

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This is not a guarantee to lend.  Rates subject to change without notice. 

Nevin Williams II

Sierra Pacific Mortgage Company Phone: 888-206-5781 (919) 863-4370

nevin.williams@sierrapacificmortgage.com

NMLS #: 69651

 

5500 McNeely Dr #103 Raleigh NC 27612

Company NMLS # 1788 | www.nmlsconsumeraccess.org

Rates, terms and programs subject to change based on market conditions and borrower eligibility

Licenses – Sierra Pacific Mortgage Company, Inc. is licensed in the following States:
North Carolina, Mortgage Branch License NMLS License # L-127865-113, Virginia MC – 5275
Licensed in California by the Department of Business Oversight under the Residential Mortgage Lending Act # 417-005
Rates subject to change without notice.  This is not a commitment to lend. Equal Housing Lender.

Sierra Pacific Mortgage may not be the lender for all products offered on this website.  Some loans may be made by a lender with whom Sierra Pacific has a business relationship.

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Comment balloon 1 commentNevin Williams • January 26 2010 12:37PM
How to get the lowest rate and fees on a mortgage
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If you want to get the lowest rate and fees on a mortgage then you have to understand how the game is played: 1) Mortgage rates change daily and sometimes several times a day. To learn more click here 2) Every loan has fees.. more
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