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Use this checklist when shopping for a mortgage. Compare each one for the best deal. To learn more about how to judge a good mortgage deal, check the article, Mortgages That Favor Buyers.
YOUR DOWN PAYMENT: $
AMOUNT OF LOAN: $
| Lending Institution Contact Person Telephone number |
LENDER 1 |
LENDER 2 |
LENDER 3 |
LENDER 4 |
| Interest Rate | ||||
| Is Interest Calculated Annually or Semi-annually? | ||||
| Amortization Period | ||||
| Term of Loan | ||||
| Open or Closed | ||||
| Monthly Payment | ||||
| Weekly Payment | ||||
| Prepayment Penalties | ||||
| Is Tax Account Required? | ||||
| Insurance Required? | ||||
| Fees (including discharge) |