Charts & Definitions
Compare Loan terms Between Lenders?
I always recommend that you use a check list to record the information you'll collect from each lending insititution - having it all in one place will make it easy for you to compare your options. Your check list should include the company's name and basic information, the type of mortgage, minimum down payment required, interest rate and points, closing costs, loan processing time and whether prepayment is allowed etc. Below is a sample worksheet (it is for your benefit, dont be shy - print it!) as always we suggest that you add or delete from it according to your specific needs.