An estimate of the total costs to get a loan when buying or refinancing a home
After you apply for a loan, a lender or broker is required by law to give you a Good Faith Estimate within 3 days. The costs will include lender and broker fees, loan-related fees, and third-party fees, such as the title insurance and appraisal.
Most of these fees must be paid on the closing date, the day when the sale or purchase of a home is completed.
Mortgage definitions and Real Estate Terms, Consolidating loans, refinancing mortgages and reverse mortgage process available to anyone. This consumer information site contains several tools and guides to aid in purchasing or refinancing a home or commercial property.
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Wednesday, April 19, 2006
