| A Homebuyers Service From CLHLLC |
COST of MORTGAGES
Chris as Your Mortgage Broker will teach you all about Cost 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 much. CHRIS HARKER. YOU CAN'T MISS
Mortgage Broker. Gulfside Mortgage WITH CHRIS.
Bonita Srings between Naples, Ft Myers 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). Chris 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'.
GIVE CHRIS A CALL – LET’S DISCUSS COST of HOME MORTGAGES, AND START YOU ON THE ROAD TO HOME OWNERSHIP
YOU CAN'T MISS WITH CHRIS Call him today! OK?
