Virginia Mortgage ">More Mortgage Tips from Virginia Mortgage
January 26th, 2012
Use the Good Faith Estimate Virginia lenders are required by law to provide you a good faith estimate to make mortgage comparison easier. This is a great tool that will allow you to compare mortgage offers. A good faith estimate will have a breakdown of your mortgage closing costs. Mortgage closing costs include points and fees. Points are attached to the interest rate that you are shopping for. One point is one percent of your loan amount. Additional fees can include title, escrow, appraisal and other costs necessary to close your loan. Richmond Mortgage