Watch Fred Solomon's video http://www.freemoneyhour.com/wll.php and get your free consumer guide: How to Avoid the Top 10 Mistakes When Refinancing or Purchasing: http://www.freemoneyhour.com/articlesmortg.php
Did you ever wonder how to get the best mortgage rates? When you call Solomon Financial or any loan consultant, ask for par pricing as well as the APR (annual percentage rate). Lenders often quote loan rates in combinations of interests and points.
For example, is 6% interest plus 1 point better -- Is this better than 6.25 % and no points? Or 5.5% and 2 points, or 6.5% and zero costs? This is why we will do a free loan cost analysis for you so you can decide based on the numbers. To avoid confusion, ask your loan officer to show you a good faith estimate and not a good fake estimate. http://www.freemoneyhour.com/loancost.php
You want to know the full interest rate with no points. Between par pricing and the annual percentage rate (APR) it’s easy to tell which loan costs less and which doesn’t. This will allow you to compare interest rates just like the pros.
Always ask for a food faith estimate from your loan officer among other important items. Are you hearing that it’s a “no cost loan” but they are forgetting THREE important words: “Out of pocket”?
Fred Solomon says on his radio talk show, “Humans may lie, but the mortgage calculator does not—it’s humans lying about the numbers.”
For more information subject of this article, contact:
Solomon Financial
(800) 811-7709
