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Facts You Need to Know . . .
MIP . . .	You can avoid MIP two ways - a lender paid mi program, or to obtain a low interest rate second from the seller.
Junk Fees . . .	Some lenders include "junk fees" and they can be avoided. Get your fees in writing up-front.
Realtor Referrals . . .	Realtors typically refer borrowers to a lender they know will get the job done. Ask about their history with that lender.
Credit Fees . . .	Some lenders may run a simple single agency credit report for free and others may charge a fee. A standard credit report most often used in the loan process (once you have selected your lender) costs approximately $50. This typically includes information from three major credit repositories and insures that the lender understands your overall credit worthiness.
Credit Scores . . .	Your credit score may worsen every time your credit is run. So think about it before you let just anyone pull your credit.
Loan Types . . .	There are advantages and disadvantages to every loan program. At pre-qualification a lender should be able to tell you about the programs most suited for your specific needs.
Rates . . .	Bet you didn't know that most lenders change their rates daily, which means that no one has the best money all the time.
lenders . . .	Mortgage lenders take your "package" to the lender with the program most well suited for you. It is their business to know know which lenders have the best rates and which lenders are likely to approve you with the least hassle.
Pre-Payment Penalty . . .	Some lenders charge a pre-payment penalty if you pay off your mortgage early. If your loan comes with a pre-payment penalty, it must be disclosed in your "truth-in-lending statement" that you receive after you submit your loan application. Details of the percentage charged, the number of years it is in effect and the amount by which it diminishes, if any, will be included there. Could it get any easier?  Call Traci, 770-333-4404 or send an email and we'll call you.