Check List

1). payoff anytime without penalty, refinance with other lenders without penalty.
2). interest rate is fixed for 30 years, ask how 15-year mortgage looks
3). insured items list
4). scope of purchased
5). appliance list (model #,profiled)
6). deposit turns to morgage,
7). incentives list and check, closing fee, upgrade, appliance, how pay?
8) Waster M?
9) total mortgage tells the cost and what interest rate you get and which loan is the best deal
10) fixed rate vs fixed amount mortgage pay
11) refi when APR is down?
12) paying point to get?
13). inspect/week, check before flooring
14) less pay, lower rate, high amount pay when rate is up
15) every month payment check.
16). who owns land?
17). Builder pays 3rd party
18). to know neighbour,
19). HOA fixed terms
20). Broker's charge a Yield Spread Premium (YSP) whereas most banks do not. Most banks don't allow overage or a YSP. Overage and YSP are pure profit for brokers and/or banks and usually increase the fixed margin on adjustable rate mortgages.
21). Request Mortgage calculators disclsoure
22). What is the total charge of transaction, total charge of ownership, total charges to be paid to lender?
23). Is mortgage rate at 6~7%?
24). Are we free to refinance with other lender in the future? Or do you lender restrain us from refinance with other lenders in the future when we can have better deal than what you can offer
25). Loan provided by builder may be higher if you don't do shopping around, there are more lenders in the market place.
26) 1-Keep in mind the smaller costs and fees: before and after sale; 2-Always read any paperwork you must sign; 3-Check everything in the house carefully; Make sure to hire a qualified inspector;4-Don’t get caught up in the sales trap:This includes your realtor, the sellers realtor, the inspector, the lawyer, the mortgage lender – everyone involved has their own interests to watch out for first;5-Get professional help:
27). Trend 2010: Walk-in closets in the master bedroom; Laundry rooms; Insulated front doors; Great rooms; Energy-efficient windows;Linen closets;Programmable thermostats;Energy-efficient appliances and lighting; Separate shower and tub in master bathrooms; Nine-foot ceilings on the first floor;;; Outdoor kitchens;Outdoor fireplaces;Sunrooms;Butler's pantries;Media rooms;Desks in kitchens;Two-story foyers;Eight foot ceilings on the first floor;Multiple shower heads in the master bath;Smaller kitchens
28). To determine the house price: $2,250 x 12 months x 10 = $270,000, where $2250 is monly rent, $270000 should be selling price.
29). Bag of Chips
30). Time to go shopping when Price goes down to 60% of the peak in 2007 ~2008