WHAT YOU OUGHT TO KNOW.... My client is quoting a great rate for his home loan, can I trust that he´ll get what he thinks he´s getting? What are "points" and should my client pay them? What´s the difference between a "pre-qualification" and a "pre-approval"? What do all the different acronyms mean that you use in lending? What makes up and affects my credit score? What does "sub-prime" mean and what is going on with these loans? What does" interest only" (IO) mean? What you ought to know (#8)... What you ought to know (#9)... What you ought to know (#10)... What you ought to know (#11)... Last week you mentioned "margin" in your discussion of indexes, what is a "margin"? What you ought to know (#12)... What is a" prepayment penalty"?
Greg and Michelle Steffens
909.336.7971 direct | 909.534.8183 cell | info@gregsteffens.com
Arrowhead Home Loans, our in-house lender, put out a series of informational sheets to the agents in our office entitled, "What you ought to know..." that is incredibly educational for people who are a little less-than-familiar with the terms and jargon associated with loans and the lending community. We feel they are a great benefit and want to share the information with you. Just click on the titles below to view the articles.
Another fabulous resource, made available by Tom Crate at Arrowhead Homes Loans, is his publication, "The Mortgage Market Guide." This is a periodic piece chock-full of information about market trends and changes, etc, that I think you'll find most useful.
What you ought to know (#1)...
What you ought to know (#2)...
What you ought to know (#3)...
What you ought to know (#4)...
What you ought to know (#5)...
What you ought to know (#6)...
What you ought to know (#7)...
If you have any other questions on the financing side of real estate, please call us and we'll put you in touch with a professional to assist you.