Monday, December 24, 2018

Understanding mortgage by myself - step 2

Dec. 24, 2018

Introduction


It is a good idea for me to study my own mortgage back in 1999. I like to review section by section, so when I have 10 or 20 minutes, I will look into carefully what I should learn from those finance date.

Good faith estimate



Here is the snapshot I did back in July 9, 1999. Last 20 years I learn from so many things as a home owner. I like to write down one by one, and see if there are valuable thoughts.


Questions to test my knowledge


1. What are major three items on closing cost?
2. What  is interest rate? Do I see any information related to interest rate? How is it determined? What is USA prime rate in 1999?

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