Don’t Be Afraid to Ask for a Mortgage Loan Quote
by admin on , under Mortgage, Uncategorized
When a person goes to a bank to get a mortgage the first thing that they should ask for is a mortgage loan quote. By getting a mortgage loan quote they are giving a written record of everything that was discussed in the loan officer’s office between the client and the officer concerning the loan. All of the terms of a loan should be included in the loan quote. This means that the mortgage loan quote should reflect all of the terms of the loan and there should not be any hidden fees or any hidden or amended her list that are put in without the customer agreeing to it. This is especially handy to make sure that the interest rate is then changed between the time of the initial consultation and the meeting where the customer signs the papers for the loan. By getting a quote a can avoid confusion and frustration and can guarantee that customer the rate that they initially was given instead of it being changed on them.
