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Tim Bradford
Lending Specialist
216-324-8113
LO.007173.000

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Introduction to the New GFE

Detail and Notes
Second Page
of the GFE

Understanding "Your Origination Charges"

Summary
and
Shopping Grid

Shopping Grid

Trade Off Calculator

HUD's Official Website

New GFE form

HUD Guide to
Closing Costs

Links and Concerns

Other Information
Websites

Ohio203K Loans

Cost of Renting
in Ohio

Mortgage Loans
in Ohio

Find
Northern Ohio
Realtors

Reverse Mortgage
Loans in Ohio

Comparison of Loan Options
This Table/Chart can assist you in comparing Loans offered to you by different lenders.

	This Loan	Loan 2	Loan 3	Loan 4
Loan Originator Name
Loan Originators Phone Number
Date Information was received
Initial Loan Amount
Loan Term
Initial Interest Rate
Initial Monthly Payment (Principle, Interest and Monthly Mortgage Insurance)
Rate Lock Period
Can Interest Rate Rise? (Adjustable Rate Loan)
Can Loan Balance Rise?
Can Monthly Amount owed Rise? (Principle and Interest)
Prepayment Penalty?
Balloon Payment?
Can you Lock this Rate Today?

	The Rate of Interest and these Costs are the Key Points to consider. (Provided all shaded items are the same)
Total Estimated Settlement Charges
Total Lender Fees (Guaranteed)
Total Title Company and Third Party Fees (Guaranteed)
Total Title Company and Third Party Fees (NOT Guaranteed)
Estimated Funds for Escrow Account

This Table/Chart contains more Information than the one on the RESPA Documents.

Shaded Items - Each of these shaded items should be exactly the same to allow an Apples to Apples comparison. If a loan option is presented to you that is different in any of these items, you need to either get similar quotes from the other lenders or use other information to justify not shopping further.

If you are comparing different Interest Rates, you may wish to look at this Calculator that may assist you determine the best option.

THIS WEBSITE IS IN THE DEVELOPMENT PHASE AND ALL INFORMATION AND OPINIONS IS BEING CHANGED AS ADDITIONAL INFORMATION IS MADE AVAILABLE AND CLARIFIED.

Questions, comments, or suggestions? Please contact me: Tim Bradford, American Midwest Mortgage Corp. Telephone: 216-324-8113 Updated Thank you for visiting GFEforDummies.com!
Tim Bradford -- OHIO MB.803389/LO.007173 ---- NMLS CO.142066/LO.250013 Pending
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Affiliated WebSites

Ohio Home Loans     All about Ohio HECM Reverse Mortgages     Rent Vs Own in Ohio
Ohio First Time Buyer Programs Grants      Cleveland and Northern Ohio Realtors
Ohio Buyers and Sellers Resources   Information - Ohio 203K Loan

THIS WEBSITE IS THE PERSONAL LOAN OFFICER AND
NOT AFFILIATED WITH HUD, THE FEDERAL RESERVE OR ANY OTHER REGULATING AGENCY.

Ohio Home Loans All about Ohio HECM Reverse Mortgages Rent Vs Own in Ohio Ohio First Time Buyer Programs Grants Cleveland and Northern Ohio Realtors Ohio Buyers and Sellers Resources Information - Ohio 203K Loan

Ohio Home Loans All about Ohio HECM Reverse Mortgages Rent Vs Own in Ohio
Ohio First Time Buyer Programs Grants Cleveland and Northern Ohio Realtors
Ohio Buyers and Sellers Resources Information - Ohio 203K Loan