Your choice of mortgage lender or broker, as well as type of loan itself, will influence your settlement costs and your monthly mortgage payment. Mortgage lenders and brokers A loan originator is a lender or a mortgage broker Mortgage brokers. Some companies, known as “mortgage brokers,” may not make loans themselves but will offer to …
If you own your own home and are 62 years of age or older, you may be able to leverage the equity in your home through a reverse mortgage, or home equity conversion mortgage (HECM). These mortgage options can provide a considerable amount of flexibility to your budget, can eliminate your existing mortgage, and best …
Servicing information and errors If you have a question any time during the life of your loan, or if you believe your servicer has made an error, you can send the company a written request for information or notice of an error, as explained below. The company is required to respond to you. For more …
What To Do if You Have Questions about Your Loan 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 …
