What is the best way to compare loan terms between different lenders?

Asked by Trulia Jacksonville, Jacksonville, FL Tue Nov 6, 2012

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3
Sharon Molnar, Agent, Jacksonville, FL
Wed Nov 7, 2012
You need to compare the same type of mortgage - loan, the lenders fees - all of them, the rates that they are offering and the terms of the loan - this means how many years is the loan for. What are the application fees in getting a loan with you. These are just some of the items. I have a booklet that if you'd like to have it, email me and I'm happy to send it to you.

Sharon Molnar
First Coast Realty Associates
904-328-6792
SharonMolnar@att.net
0 votes
Carol Frey, Agent, Montgomeryville, PA
Tue Nov 6, 2012
Be sure to ask the lender for his/her fee worksheet as well as his/her rates. You need to be certain what the lender is charging for his services, so you have the whole picture. The rate may be great, but you may be paying a large fee for it upfront. Ask questions, and if it sounds too good to be true, it probably is!
0 votes
Orin Smith, , Jacksonville, FL
Tue Nov 6, 2012
You can find a loan rate calculator here
http://www.bankrate.com/calculators/home-equity/compare-loan…
Hope this helps.


Orin Smith
Broker Associate
All Real Estate Pro
6672 Banbury Road
Jacksonville, FL 32211
Phone office: 904-743-3050
Cell: 904-728-3729
Fax: 904-517-8116
email: orin@arpjax.com
Web: http://www.arpjax.com
0 votes
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