Loan Closing
The loan closing is the final step in getting a loan. It is one that creates nervousness, questioning your decision, and a raising of your blood pressure, but when completed is one of the most exciting times you will have. You are now a new home owner or you have just refinanced your home saving you money.
One of the big problems is that after 30 or so days of working to get your loan, too often the loan teerms change and not in your favor. This is where Mortgage Consumer Advocates can help
Often times the lender’s loan officer changes their fees and/or terms on the loan that allow the company to make more money than quoted. If you buying a house, and can loose it if you are about to close, how are you protected.
MCA has only one fee-based service, but it can potentially save you thousands. An MCA representative will take a look at your original Good Faint Estimate, Broker Contract, and Truth-in-Lending statement and evaluate it against your HUD I closing statement and interest rate trend during the time. If you have a rate-lock agreement we will make sure that they will honor the agreement. This service is only $99 and can save you thousands in fees and even tens of thousands in interest rate payments throughout the term of the loans. All of our representatives are former mortgage professionals who know the business. MCA does not originate, broker, or lend money. Our only interest is in helping you become knowledgeable about what is many people’s largest investment they will ever make and make certain you receive a fair and accurate loan.
