Tag Archives: Describe

Question by sweet: Describe the advantages and disadvantages of three different institutions of best mortgage rates and terms?
“Imagine you want to arrange a mortgage on your first house purchase. You need $ 200,000.00 Find the best rates and terms available from three different type of lenders such as a mortgage broker a major bank and a banking company such as president choice. Describe the advantages and disadvantages of each and choose the best one.”

Best answer:

Answer by Rico
It’s not that simple. First you have to decide what type of mortgage, how much you want to put for a down payment, how many points and what your long term goals are.