Nationwide Home Mortgage Loan Company

Unnecessary closing costs are charged to unsuspecting borrowers on almost all mortgages that close. Closing costs can be broken into three general categories, costs that the lender charges, costs that third parties charge and money that is paid on your behalf i.e. taxes and insurance. Due to the scope of this article, we are unable to go into detail in each category. However, there will be a link at the end of this article for a tutorial that does. (more…)

Have you ever wondered how to compare mortgages from lender to lender? What a pain! Factor in a salesperson with the “car sales” mentality and you can go crazy trying to decide which deal is really the best. Having worked in the mortgage business for quite some time I thought I would share with you the easiest way to figure out who is really offering the best deal. This method is good for 90% of the people in the home market today.

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 Closing costs are usually one of the first concerns my clients ask me about, and rightly so I might add. The one myth I’d like to clear up to everyone is that no closing costs loans do not exist. It is leader advertising designed to get you to call the lender. I believe that most of the people I speak realize that the lender simply raises the interest rate to pay for the third party fees. After all, do you know an attorney who works for free?

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