Gardner Home Buying

Help When You Need It

Searching "home buying" or home buying in another area? Here is something I bet you never knew.

When home buying, a document called the Truth in Lending Disclosure Statement will show you the "Annual Percentage Rate" ("APR") and other payment information for the loan you have applied for. The APR takes into account not only the interest rate, but also the points, mortgage broker fees and certain other fees that you have to pay. Ask for the APR before you apply to help you shop for the loan that is best for you. Also ask if your loan will have a charge or a fee for paying all or part of the loan before payment is due ("prepayment penalty"). You may be able to negotiate the terms of the prepayment penalty.

Try several links here to find a company that will help you put together the financial pacakge for you. Compare several different companies to get the best deal for you.