Shopping for Your Loan - HUD
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Uploaded on Nov 3, 2010
Once you've found the home of your dreams, the next step is to shop for a mortgage loan. This video will help consumers use the good faith estimate (GFE), which is a form that spells out the terms of a loan offer, to shop for the best loan for them. Consumers will learn how to use the GFE to determine how long an interest rate is available for a particular loan and how to identify key loan terms and costs of a particular loan offer. HUD suggests consumers shop and compare GFEs from multiple mortgage brokers and/or lenders in order to get the best loan for their situation.
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All Comments (1)
jackies35 1 year ago
Can you use HUD loans for other homes outside of HUD juridication or ownership?
I've seen a home that I would like to purchase. I found the home on zillow. It's not a HUD home or property. Is this possible? Thanks
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