that cheaper does not always mean better. If a mortgage
product seems too good to be true, than it just may be.
are literally thousands of mortgage lenders throughout the United States,
and the mortgage industry is very competitive. So when you begin to shop
around, proceed with caution.
boom of the late 1990's attracted a lot of people into the mortgage industry.
It is for this reason, that many of the loan
officers you may be dealing with are lacking in experience. This inexperience
may cause them to offer you a product that they will be unable to follow
I was originating
loans, I dealt with many a customer who told me their horror story of
going to closing, and finding that their dream of buying a new home had
turned into a nightmare, because the loan never made it to the table.
these reasons, and these reasons alone, I continue to stress the importance
of educating yourself.
more you know about the industry, the better off you will be. Do not rush
a home, take all the time you need to educate yourself.
don’t forget to shop around, just make sure that everything you
are told verbally, you have verified in writing,
otherwise it is all worthless. Once you receive it in writing, be sure
to go over it with a fine tooth comb.
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