Real Estate Services Today, Inc.  

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Understanding and Shopping for a Mortgage Loan

    Shopping around for a home loan or mortgage will help you to get the best financing deal. A mortgage whether it's a home purchase, a refinance, or a home equity loan is a product, just like a car, so the price and terms may be negotiable. You'll want to compare all the costs involved in obtaining a mortgage. Shopping, comparing, and negotiating may save you thousands of dollars.


Some companies, known as "mortgage brokers: offer to find you a mortgage lender willing to make you a loan. A mortgage broker may operate as an independent business and may not be operating as your "agent" or representative. Your mortgage broker may be paid by the lender, you as the borrower, or both. You may be eligible for a loan insured through the Federal Housing Administration ("FHA") or guaranteed by the Department of Veterans Affairs or similar programs operated by cities or states. Computer loan origination systems, or CLOs, are computer terminals sometimes available in real estate offices or other locations to help you sort through the various types of loans offered by different lenders.

To see if you qualify for a mortgage fill out the following questionnaire:

 Types of Loans: click here

 Understanding Points and APR and Lender's fees: click here

Comparing Loans: click here

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Contact : Kathy Stanley 571 W Eads Parkway, Lawrenceburg, Indiana 47025

Telephone: (812) 539-3450 or (812) 539-3448   Cell (513) 560-2005 or Fax: (812) 539-3480

Send Email to kathy@realestateservicestoday.com
Last modified: 11/17/05