Zero-Cost loans can be tasty: But there’s no free lunch
By: Liz Freeman
April 16th, 2009
What does it mean when a lender claims he or she is “absorbing the mortgage costs”? Well, it looks like because your good faith estimate (GFE) that shows a bunch of fees, then it shows the lender reversing or paying the fees.
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StumbleUponHow to Shop for Mortgages online?
By: Liz Freeman
April 1st, 2009
Conforming mortgage loans (not exceeding $417, 000 in most locations and limited to certain mortgage products) adhere to guidelines set by Freddie Mac (FRMC) or Fannie Mae (FNMA) and can be considered commodities. If your loan amount is within this limit, you have excellent credit, and you don’t need any special treatment, the interest rate more...
