FHA Rates — and Especially Fees(!) — Soar Higher Prospective borrowers obviously care about the face rate on their mortgage, but what they should really care about is what’s called the “A.P.R.,” or Annual Percentage Rate. It’s the latter number that captures the various fees that the lender is charging, and reflects the true cost...Read More
Taking Advantage of a 1st-Time Buyer (Or Trying To) First-time Buyers may not know prevailing lender fees — but experienced Realtors do. In that vein, a colleague recently reported that, to his chagrin, he discovered that the lender he referred his client to quoted her lender fees (origination, underwriting, appraisal, etc.) easily double the industry...Read More
Exhibit A: Reaching the Lender in the Middle of Multiple Offers Prospective mortgage borrowers correctly pick lenders based on their interest rates and fees (it’s the combination of both that matters). But, good client service can matter just as much — or more. Exhibit A: my Buyer was involved in multiple offers last week, and raised...Read More
