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  • Mortgage Research Table

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    Josh LeBlanc
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    Mortgage Research Table lists lenders, mortgage type, Length of loan, interest rate. Mortgage Research Table also lists Closing costs and fees. What happens if rates drop? how long lock-in lasts?

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    Mortgage Research Table lists lenders, mortgage type, Length of loan, interest rate. Mortgage Research Table also lists Closing costs and fees. What happens if rates drop? how long lock-in lasts?

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    15 views3 pages

    Mortgage Research Table

    Uploaded by

    Josh LeBlanc
    Mortgage Research Table lists lenders, mortgage type, Length of loan, interest rate. Mortgage Research Table also lists Closing costs and fees. What happens if rates drop? how long lock-in lasts?

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Mortgage Research Table

    Lender #1 Lender #2 Lender #3

    Lender and contact information:

    2. Mortgage type (fixed rate, floating/variabl;e): Length of loan: 3. Interest rate and points: Quoted rate: Date of quote: Number of points for this rate: 4. Down payment: Minimum down payment needed: 5. Early repayment penalties: Prepayment penalty on the mortgage loan? If yes, how much?

    Mortgage Research Table


    6. Closing costs and fees: Credit report fee: Application fee: Appraisal fee: Other costs: 7. Loan processing time: Locked-in interest rate availability: How long lock-in lasts: Time needed after approval to get money: 8. Lock-ins: When lock-ins are available: Any charge for lock-in? What happens if rates drop?

    9. Starting interest rate:

    Mortgage Research Table


    10. Rate adjustments: Time before interest? Rate changes? Frequency of rate changes after that? ADJUSTMENT CAPS: Maximum amount the rate can change at one time? Total amount rate can change over the term of the loan? 11. Change to fixed rate: Can ARM be turned to fixed rate? When? Is there a fee for change?

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