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The Mortgage Buyer's Guide

OVERVIEW ............................................................1
YOUR REAL ESTATE PROFESSIONAL .......................................2
GETTING PRE-QUALIFIED................................................3
WHAT TO WATCH FOR WHEN HOME SHOPPING.................................4
NEW HOME REQUIREMENTS................................................5
HOME TOUR NOTES......................................................6
CHOOSING YOUR LENDER.................................................7
GETTING READY TO APPLY FOR YOUR MORTGAGE.............................8
WHAT TO BRING TO YOUR LOAN APPLICATION...............................9
THE LOAN PROCESS....................................................10
LOAN PROGRAM HIGHLIGHTS.............................................11
CLOSING COSTS.......................................................12
HOW THE UNDERWRITER LOOKS AT YOUR LOAN..............................13
QUALIFYING RATIOS AND COMPENSATING FACTORS..........................14
THE COMPONENTS OF A MORTGAGE PAYMENT................................15
WHAT THE TITLE COMPANY DOES.........................................16
SIX COMMON WAYS TO HOLD TITLE.......................................17
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Information contained herein to be used for informational purposes only, and is not intended to be provided as legal advice.

copyright © 2005 RAF Investment Services, Inc.