Our goal is to offer the highest quality mortgage resources and advice to our users for free.
How We Make Money
The listings that appear on this page are from companies from which this website and the data provider may receive compensation, which may impact how, where and in what order products appear. Compensation is higher for featured placements. This table does not include all companies or all available products.
We may receive a fee if you click on a lender or submit a form on our website. This fee in no way affects the information or advice we provide. We maintain editorial independence to ensure that the recommendations and insights we provide are objective and unbiased.
The personal loan offers that appear on this site are from companies from which GuideToLenders receives compensation. This compensation may impact how and where products appear on this site including the order in which they appear. GuideToLenders does not include all loan providers or all types of loan offers that are available.
GuideToLenders is not a loan provider but only matches you with lenders that may extend a loan to you. All loan approval decisions and terms are determined by the loan providers at the time of your application with them. There is no guarantee that you will be approved for a loan or that you will qualify for the rates displayed. The offers and rates presented on this website are estimates based on information you submit to us. Your actual rates depend on your credit history, income, loan terms and other factors. Reasonable efforts are made to compile and maintain accurate information. However all loan rates and terms, including APRs, are presented without warranty and are subject to change by the loan providers without notice.
The Lender Fees Worksheet a detailed breakdown of mortgage costs and expenses. Although the lender is not legally required to provide you with the fees worksheet, it should provide the document to you if requested. We recommend that you review the information outlined on the Fee Worksheet before you choose a lender and submit your loan application. The example below shows a $380,000 30 year fixed rate mortgage with an interest rate of 4.250%. The borrower pays $1,070 in lender fees and does not pay any discount points to lower his or her interest rate.
In this example, we show the mortgage closing on the 5th day of a month with 30 days so the borrower pays interest for 25 days (the borrower is required to pay interest from the day the mortgage closes until the end of the month in which the mortgage closes). In addition to a breakdown of other closing costs such as the appraisal fee, escrow fee and title insurance cost, estimated total monthly housing expense is also provided on the bottom right of the worksheet. This document can be used along with other disclosure documents to help you select the lender and loan that are right for you. Please note that this is an example Lender Fees Worksheet document and should be used for informational purposes only.