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Mortgage - Whom to Contact (Home Loan Options)
Where can I get a list of mortgage brokers?
For information on mortgage brokers, contact the National Association
of Mortgage Brokers at (703) 610-9009
Where do I get information
on correcting loan payments?
The following auditing services can do a thorough review of residential
mortgages for lender calculation errors:
* Mortgage Monitor; 1372 Summer Street, Samford, 06905; (800)
AUDIT-USA.
* Loantech, (301) 762-7700.
But keep in mind that these services
come with a fee, and your lender should be able to work with you
to make your own accurate calculation.
Where do I get information
on PMI?
Look for tips in "A Mortgage Insurance Guidebook," or
"How to Buy a Home with a Low Down Payment," published
by the Mortgage Insurance Companies of America, 805 15th St.,
N.W., Suite 1110, Washington, DC 20005; call (202) 393-5566 to
order.
Where do I get information
on finding the best loan?
For information on how to find the best home loan for you, check
out this booklet:
* "How to Shop for a Mortgage," by the Mortgage Bankers
Association of America, 1125 15th St., N.W., Washington, DC 20005;
call (202) 861-6500.
How do I monitor my ARM
loan?
Consumer Loan Advocates publishes a book with form letters and
worksheets to help people who want to check mortgage payments
or adjustments on their own. It costs $19.95 plus $4 shipping
and handling. For a copy, write or call Consumer Loan Advocates,
655 Rockland Road, Lake Bluff, IL 60044; (847) 615-0024.
Where do I get information
on mortgages?
For information on mortgages, check out the following sources
for information:
* American Bankers Association; (202) 663-5000.
* Mortgage Bankers Association of America, 1125 15th St., N.W.,
Washington, DC 20005; (202) 861-6500.
Where do I get information
on lease options?
Contact your real estate agent (some even specialize in such transactions)
or read up on lease options at the public library. If you have
a real estate attorney, ask if he or she has any prepared information
you can review. Most bookstores have a fairly hefty real estate
book section these days. Many current real estate books have at
least a section on lease options. If you are considering a lease
option, be sure you do your homework first. And have an attorney
or financial advisor on hand to review any paperwork before you
sign.
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