chartered wealth manager accredited financial analyst financial planner ISO 9001  Accredited Financial Analyst Certification Logo
International Board of Standards - Professional Designations -  Accredited Education.  Creating the World's Leaders in Management ™

 
<< Previous    1...   60  61  [62]  63  64  ...91    Next >>

Ask for points to be quoted to you as a dollar amount--rather than just as the number of points--so that you will actually know how much you will have to pay. 

Fees- A home loan often involves many fees, such as loan origination or underwriting fees, broker fees, and transaction, settlement, and closing costs. Every lender or broker should be able to give you an estimate of its fees. Many of these fees are negotiable. Some fees are paid when you apply for a loan (such as application and appraisal fees), and others are paid at closing. In some cases, you can borrow the money needed to pay these fees, but doing so will increase your loan amount and total costs. "No cost" loans are sometimes available, but they usually involve higher rates.
 

 

Ask what each fee includes. Several items may be lumped into one fee. 

 

Ask for an explanation of any fee you do not understand. Some common fees associated with a home loan closing are listed on the Mortgage Shopping Worksheet in this brochure. 

Down Payments and Private Mortgage Insurance  Some lenders require 20 percent of the home’s purchase price as a down payment. However, many lenders now offer loans that require less than 20 percent down--sometimes as little as 5 percent on conventional loans. If a 20 percent down payment is not made, lenders usually require the home buyer to purchase private mortgage insurance (PMI) to protect the lender in case the home buyer fails to pay. When government-assisted programs such as FHA (Federal Housing Administration), VA (Veterans Administration), or Rural Development Services are available, the down payment requirements may be substantially smaller.
 

 

Ask about the lender’s requirements for a down payment, including what you need to do to verify that funds for your down payment are available. 

 

Ask your lender about special programs it may offer.  


If PMI is required for your loan,  

 

Ask what the total cost of the insurance will be. 

 

<< Previous    1...   60  61  [62]  63  64  ...91    Next >>

About GAFM

  

The GAFM International Board of Standards is TUV Accredited and ISO Certified for Quality and ISO 21001 Certified for Training Standards

 

● Home
● About
● Requirements
● Certifications
● Board
● Benefits
● Online Certification
● Recognition
● Qualifying Degrees
● Training Providers
● How To Use
● CEO Message
● SIS Certification
● Register
● Accreditations
● IAF CERT
● EU Accreditation
● Handbook
● Mission
● Contact Us
● News
● Apply
● AAMBFS
● Events
● In House Training
● Speakers
● Ethics
● CWM Training Program
● Articles
● Verify Member
● Guides
● Membership
● Be a Training Provider
● Project Management Certifications
● Renew Certification
● Continuing Ed

 

Validate and Verify Member Here

 

SIS29993

ISO21001Logo

IOQM

 




 

Join our Linkedin Group

LinkedIn.com

 




 Accredited Certified Financial Analyst Chartered Accountant

Top Certifications and Designations

  • AFA Accredited Financial Analyst ®
  • AMA Accredited Management Accountant  ®
  • AMC Accredited Management Consultant  ®
  • CRA Certified Risk Analyst ®
  • MFP Master Finanical Planner
  • CTEP Chartered Trust & Estate Planner
  • CIPM Certified International Project Manager ®
  • MPM Master Project Manager ®

 

The GAFM Board is the 1st Graduate Certification Body to Become Accredited  and Certified for: ISO 9001 Quality and ISO 29990 Training in the World. GAFM ® owns the former AAFM ® Certifications and Programs

IACSB



 

IP/Rights Global