5. Controlling lender choice will create saving opportunities for the mortgage borrower.
Identifying the savings is the trick.
The key to obtaining the best available loan program is understanding RESPA of 1974 mortgage disclosure laws. RESPA's "Good Faith Estimate" and "TRUTH-IN-LENDING" mortgage originator disclosure requirements holds the key to the lowest available interest rate and fees.
The RELDT® service is designed to give it's member an edge when dealing with mortgage originators. An important edge, that should save the member money.
The RELDT® service calculators are designed to help the member determine the loan amount that best fits the family budget and lender qualifying ratio requirements.
The individual profile and benchmark rate calculators can be used to estimate loan amount and zero (0) fee interest rates that the member could expect from the originator.
Information is king and saving money is always important to the mortgage borrower. Information provided by the RELDT® service is designed to provide the member with the tools necessary to extract savings from the mortgage originator.
