| A Homebuyers Service From CLHLLC |
COST of MORTGAGES
Chris as Your Buyer's and/or Mortgage Agent will tell you about Costs of Home Mortgages. He will begin discussing how lenders make money, then layout all items you are charged for to obtain a mortgage. Please, look over the materials below, discussing important mortgage cost information.
Thanks for visiting. CHRIS HARKER. YOU CAN'T MISS
REALTOR. PREMIERE PLUS Realty WITH CHRIS
MORTGAGE BROKER. GULFSIDE Mortgage Call him today! OK?
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HOW PERSONS IN LENDING MAKE MONEY
Sources of income for ones involved in lending. There are three types of cost connected directly to borrowing money for a home purchase.
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Interest. This is the rent you pay to use other peoples money. You pay this rent each month for the time you use the money. You pay it to those lenders who gave you the money.
- Profit. This is the money you pay to the persons who arrange the loan; those who set up for other people to provide you with the home purchase funds.
- Administration costs. The persons who arrange the loan want a profit, but also want to pass on to you some of their costs.
Here we are taking about the persons who arrange or obtain a loan for you. (Chris doesn't like to call them the loan arrangers, so he has coined a different name.) I am calling them the Mortgage Agents, and they are the persons you will interact with to borrow the purchase money (places like banks, credit unions and mortgage brokers). Whoever you choose as your Mortgage Broker will be your Mortgage Agent. You will not meet with the persons who are providing the money and collecting the interest. But you will meet with Mortgage Agents, and they will do all the hard work to get you the mortgage. These Agents, charge a variety of fees that are sources of income, and cover their Profit and Administration Cost.
We are only covering charges directly related to obtaining a mortgage. Not charges related to the HOME. These things like 'appraisals' are laid out in our 'Closing Cost - for Home'.
THE CALL IS FREE AND TAKES 10 MINUTES. PHONE “CHRIS” NOW AND DISCUSS HOME LOANS AND HOME BUYING,
AND START YOU ON THE ROAD TO HOME OWNERSHIP
CHRIS WON'T LET YOU MISS. OK? So Call him today!
