State Heroes : Discount Mortgage Program

I looked at some interest rates today on line and it continues to anger me that nothing is done to these companies that advertise “teaser” rates to make the phones ring.  They must be good sales people to convince callers that interest rates went up so much overnight.  Caution continues to be the rule.  Ask for good faith estimates. I recommend that you request a copy of the lock-in which should be readily available. The lock will show the interest rate, terms of the loan and date the lock-in expires. If the company can’t put it in writing it probably doesn’t exist.

Trackback URI |