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Getting Your Loan
 

Once you find out which loan program to choose, here are some of the information that you will need in order to get the best loan suitable for your needs.

Know The Best Rate

How to get the best rate? Let Universal Funding Mortgage guide you.

Know To Compare Rates
  • Compare Same Programs

  • Compare Interest Rates from the same day

  • Compare Same Lock-In Periods

  • Compare the points (or "price") of your target interest rate

  • Compare Closing Costs and Fees

Know The Comparison Process
  • Select the loan program that best suits your needs.
  • Select your target interest rate.
  • Complete a mortgage loan comparison chart.
Know The Closing Costs

The best strategy to keeping closing costs to a minimum is to categorize the closings costs into five distinct divisions:

  • Points

  • Appraisal/Credit Report/Application Fees

  • Lenders Fees

  • Title Fees

  • Prepaid Items

Know Today's Rates

Universal Funding wants you to Avoid the Mistakes People Make When Shopping for a Mortgage. We also invite you to compare our rates and our closing costs before you make a decision.

Universal Funding, LLC is a licensed mortgage company in the states of Maryland and District of Columbia.
©2007 Universal Funding, LLC. All Rights Reserved.
5620 St. Barnabas Rd., Suite 290, Oxon Hill, MD 20745
Phone 301.505.2515 Fax 301.505.2518 Email info@universalfundingllc.net
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