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Questions & Answers
Get the answers on home selling and buying.
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Whom to Contact (Home Loan Options) - Q & A
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Q:
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Where do I get information on finding the best loan?
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A:
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For information on how to find the best home loan, 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.
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Q:
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Where do I get information on mortgages?
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A:
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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.
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Where do I get information on correcting loan payments?
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A:
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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.
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Where can I get a list of mortgage brokers?
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For information on mortgage brokers, contact the National Association of Mortgage Brokers at (703) 610-9009
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Where do I get information on PMI?
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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.
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Q:
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How do I monitor my ARM loan?
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A:
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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.
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Copyright 1999 Inman News Features
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