| Frazer 2007-01-25, 9:50 pm |
| Hi Jeffrey,
Even though mortgage rates vary from day to day, you shouldn't delay your loan application waiting for the best rate. Lenders have many applications, both for new loans and for refinancing of older mortgages. Make sure that yours is in place with the information they need to make a decision in your favor.
Before applying, make sure your paperwork is in order. You will need an income statement, with proof of earnings and an itemized list of monthly expenses. Self -employed or commission income can complicate things and extend preparation time. You will need to include information on special expenses such as alimony or support payments. Make it as complete as possible.
With this information in hand, move quickly, but carefully, to find the best deal that you can. This means comparing costs and terms as well as looking for the most attractive rate. Lenders want your business. You need to move quickly in today's market, but there's time to be thorough as well.
regards,
Frazer
http://lemanrealtyandmortgage.com
http://91913homesforsale.com/ |