The time has come for you get find a lender for your mortgage. In your research, you may have come across two terms: mortgage bankers and mortgage brokers. What is the difference between these two entities and which is right for you? How do they help you? Up Next: Selecting The Best Mortgage Company In […]
Beginning the process of purchasing a home is an exciting time. You are ready to invest in one of the biggest purchases of your life and settle down in a place of your own. Congratulations! Before you plunge into the waters of homeownership, there are several pitfalls you should be aware of and know how […]
As of October 3, 2015, the TILA-RESPA Integrated Disclosure rule (TRID) has taken effect across the country. As such, there are many new regulatory changes that will affect the home loan transaction through closing. These new lending regulations are designed to streamline the process of getting a loan and make it easier for borrowers to […]
When potential homeowners receive their Good Faith Estimate, they should look out for common junk fees. A junk fee is any charge that serves no purpose other than to create additional revenue for the lender. Being able to identify these fees can save borrowers hundreds to thousands of dollars. Your GFE Provides a List of […]
A good faith estimate (GFE) is provided by your Kansas City mortgage lender and outlines the estimated costs for your Kansas City mortgage. Therefore, a good faith estimate helps people applying for mortgages in KC comparison shop to gauge how much they will owe after closing.