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What to Review Before a Mortgage Decision
A mortgage decision can affect cash flow, debt, home equity, and long-term financial goals.
01
Current loan
Review the current rate, balance, payment, remaining term, and any costs associated with changing the loan.
02
New option
Compare the proposed rate, fees, term, monthly payment, total finance charges, and how long you expect to keep the loan.
03
Licensed review
Mortgage products are subject to underwriting, credit, collateral, licensing, state availability, and lender approval.