Virginia Mortgage ">More Mortgage Tips from Virginia Mortgage
January 27th, 2012
Compare Points and Fees for Your Richmond Mortgage With the mortgage quotes on hand now its time to compare points and fees. First compare points just use the good faith estimate and write down the points for each lender. Second compare the other closing costs or fees that are provided. Now that you have all the fees and interest rates side by side you can see which offer is the lowest overall. Be sure that you are careful to compare the exact interest rate simply because in the mortgage industry a quarter percent interest rate reduction can cost thousands of dollars to obtain. So all rates compared need to be the same. Rates also change daily so in order to be fair to yourself and the lenders all quotes should be from the same day.