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Frequently
Asked Questions
Mortgages
- Q & A
Whom to Contact (Home Loan Options)
Q:
Where do I get information on lease options?
A: For information on lease options, "How
Lease Options Benefit Realty Buyers, Sellers, Agents and Investors"
is available for from Tribune Media Services, 435 N Michigan #1500,
Chicago IL 60611. 1-800-245-6536,or "Publication House",
Burlingram CA. 1-800-736-1736
Q:
Where do I get information on finding the best loan?
A: 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.
Q:
Where do I get information on mortgages?
A: 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., NW, Washington, DC 20005; (202) 861-6500.
Q:
Where do I get information on correcting loan payments?
A: 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.
Q:
Where can I get a list of mortgage brokers?
A: For information on mortgage brokers, contact
the National Association of Mortgage Brokers at (703) 610-9009
Q:
Where do I get information on PMI?
A: 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., NW, Suite 1110, Washington, DC 20005; call (202) 393-5566 to
order.
Q:
How do I monitor my ARM loan?
A: 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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