subject: 3 Ways To Save Money On Your Next Mortgage [print this page] I'm about to show you 3 ways to get the best deal on your next home loan that will NOT make the other Utah Mortgage Lenders happy.
Step 1
Do not share your SSN or income and asset information until you've decided what that company is offering you!
Utah mortgage lenders are trained to ask for this information as soon as possible since it "commits" you to using them.
The average person won't send this stuff to too many companies, so the better they are at getting this from you, the less likely it is that you will go to another lender for a competing quote.
DON'T do it. Make them give you their best quote first and then, if and when you decide to use that Utah mortgage company THEN you can send them the documents they need.
(It is however ok to tell them on the phone how much you make, what your fico is, etc. The important thing is to just not send them any physical documents until you have their best offer and you've chosen to go with them).
The Second Thing
DO NOT pay any application fees to any Utah mortgage lenders.
The only reason they do this is to further get you committed to using that particular Utah home loan company and to entice you not to shop around. If the lender tries to get you to pay for things upfront--even small things like pulling credit, the best thing to do is just say no and find a better lender).
Step 3
Many lenders are known to low ball fees that are from third party companies
Utah mortgage lenders can always decide what they will charge but NOT what other institutions such as title, escrow, inspection, and appraisal will charge.
More often than not, lending institutions will purposely make those charges less than they should be to make their proposal look less expensive that what it really should be. Just be careful here and do your own due diligence to make sure that the quoted fees are correct.
It's a good idea to be suspicious of any fees that look really low like taxes, insurance, title fees, etc.
It's a good idea when shopping mortgage companies to really compare only the lender charges. The reason is because the other fees from people like appraisers and escrow companies won't differ much when comparing one company to the next.
by: Dan Holbrook
welcome to Insurances.net (https://www.insurances.net)
