Thursday, April 9, 2009

all about LOAN !

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http://www.mykcpgroup.com


A FEW POINTS ABOUT INTEREST RATES !

>> The higher the interest rate,
the more interest that you have to pay.


>> The affordability increases if you use an adjustable rate mortgage
(it's easier to qualify this way).


>> Mortgage interest rates are affected by many
unpredictable political, economic and social events.
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No guarantee what direction interest rates will go.


>> Make your financial decision based on where things are today
including your budget, your needs and your future plans.

>> Locking in rates assures your lowest interest.
If you do decide to lock in at a certain interest rate,
you will need to complete a loan application with your lender.
This must be done so that your commitment doesn't runout
prior to loan approval.


>> Follow up and be sure that the lender is receiving
all of the required documentation.
Get a property appraisal, (costs about $300),
through your loan agent as soon as possible.

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