You have determined what you can afford, shopped for the best loan for your needs, and found the right house. After all the hard work, it is time to go to settlement, but don’t forget to bring your GFEto compare with the charges listed on the HUD-1 Settlement Statement (HUD-1). It is a good idea …
Good Faith Estimate vs Settlement Statement (HUD-1) Read More »
What is a Good Faith Estimate In the loan application process, the loan originator (your lender or broker) at your local Choice Lending Corp office in Downey will need a few items from you. They will ask for your full legal name, Social Security number, gross monthly income, property address, estimate of the value of …
What Can You Afford? To determine how much you can afford, you first need to know your monthly income. Second, you will need to calculate your monthly expenses which may include credit card bills, car payments, insurance premiums and all other debts. There is a worksheet –Determining What You Can Afford– that will help you …
What Can You Afford and What You Can Preapprove For Read More »
