Colorado Springs Vintage Homes Blog
719.287.1049
What are you scared of?
Are you scared to buy a house?
Here’s some of the things that scare buyers and suggestions on how to overcome the fears
Do I have enough money to buy a home?
Will I have buyer’s remorse?
- The Perfect House: There is no such thing as the perfect house, Read the rest of this entry »
10 Questions to ask when getting a Mortgage Loan
Colorado Springs Vintage Homes is happy to feature a great article
by our Newest Guest Blogger
Jessica Peterson with Lending Ladies
For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com
10 Things to ask when Getting a Mortgage Loan
We know that buying a home is a big and important decision. Selecting a good Loan Officer is a key part 
of your financial success. You will find our way of finding a good Loan Officer may be different from other blogs or postings. I am seeing quite a few blogs or posts that are saying the same thing and I find the questions do not really pertain to finding a good Loan Officer. Also, I find it interesting to learn that a company is selling the data.
What we have below did not come from any source that we paid for but comes from the heart and after being in the industry for a long time. At LendingLadies.com, we find character and experience plays a large part in finding a good Loan Officer. Therefore our questions are based upon that. If someone is a smart and truly caring person, they will end up being a good Loan Officer. It does not mean that everyone will agree with us, but some of you will. Please see our suggested list of questions to ask below. As always, LendingLadies.com encourages you to ask us the questions below.
Please pass this along to anyone who will be obtaining a loan in the future.
- Do you guarantee your fees on a Good Faith Estimate? Read the rest of this entry »
What are points and when should you pay them?
Colorado Springs Vintage Homes is happy to feature a great article by
Harry Venik with Adams Mortgage, LLC
For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com
Related Articles:
- Pre-Qualification or Pre-Approval, which do you need to buy a home?
- Will VantageScore Bring Consistency?
What Are Points and When Should You Pay Them?
Points are up-front fees paid to obtain a better interest rate on a loan. One point equals one percent of the loan amount. A lower interest rate may result in a lower monthly payment, but it is important to consider how long you intend to be in the loan, and to compare current rates to historical market trends.
If you take out a $300,000 mortgage and decide to pay one point, this translates into an up-front closing cost of $3,000. Paying a point up front saves $100 a month but it will take 30 months to recuperate the cost of that point. If you decide to refinance or sell the home before the 30-month mark, Read the rest of this entry »
