May 5th, 2007 6:35 PM by Sheryl Kay Spradling
MY TIP FOR TODAY'S BUYER IS: In this fast pace world we live in I cannot stress enough......Stop and Shop for your new home mortgage. You should always have the mortgage company provide you with a "Good Faith Estimate". This estiamte is what the lender, in good faith, thinks your closing cost will be. It's a good idea to visit with several mortgage companies so that you can compare apples to apples. By studying these estimates of expenses you'll be able to see exactly what the lender/mortgage company fees are. You'll be surprised at the amount of money you can save by doing this simple tip! You should also make sure that your Realtor has a copy of the "Good Faith Estimate" from the mortgage company that you decide to get your loan from.
PLEASE, STOP AND SHOP! IT WILL SAVE YOU MORE THAN YOU REALIZE!