An FHA Expert - When shopping for a mortgage, what should you look for???
By Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
( Social Media - Infinity Home Mortgage Company, Inc)
FHA loans & FHA mortgages -- I have always said that it can't be easy to shop for a mortgage. With so many loan officers and lenders making promises, how do you know who is telling the truth or not? Sure, many people can sound so trusting and honest. My advice, compare at least 3 loan officers, but don't compare just on the lowest rate. That could probably be the biggest mistake that you would make. FYI... anyone can promise the lowest rate and or fees and even put it on paper. But remember, it's not always worth the paper that it's written on. So, why do I focus on FHA loans? Because in most cases, if you don't have a fico score better than 680 and more than 10% down, it will usually be cheaper to do a FHA mortgage. Don't believe me, please read these : 5% down FHA loans vs con...
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