You might experience sticker shock when you go to close the mortgage on your first home. towards the end of the month and save the money for other closing costs or stuff for your new home.
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· What Does a Loan Officer Do? Amelia Josephson Jun 19, 2018.. You’ll still find loan officers working in commercial banks and credit unions. mortgage lenders still rely on loan officers to screen some applicants. In general, though, loan officers are the first layer of screening, before human or algorithmic underwriting takes place.
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New research has found that average interest rates have fallen by 0.04 per cent from 2.53 per cent to 2.49 per cent in the past six months The average two-year fixed mortgage rate has fallen by 0.04.
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