Whom Can You
trust?
Obtaining
a mortgage
and finding a house
are two very complicated, time-consuming things to do.
The
mortgage
industry is so diverse and complex that it can often leave home buyers
with their heads spinning. There are many parties that play a role in
buying a home. Such as you, the buyer.
The seller,
the realtor
(tm), the mortgage
company, the appraiser,
etc. The list goes on and on.
With
so many people involved in this process, home buyers will often find themselves
asking the question “who can we trust?”
A very good question this is
indeed. As I have stressed before and I will stress again. For this very
reason alone, you should be educating yourself about the mortgage industry.
Not
to the point where you need to become an expert, but at least to the point
where you can familiarize yourself with all the jargon
that will be thrown at you, and how the actual mortgage process works.
When it comes to “who
can you trust?’ My suggestion to you would be to ask a family member
or a friend to refer you to the people they used. Someone they had a positive
experience with and got the job done to their satisfaction.
If
you don’t already know someone in the industry that can help you,
and you were unable to be referred to anyone, than contact a local reputable
realtor to assist you. But before you commit, make sure you check their
references. And always shop
around for rates.
For
the most part you will be dealing with two people on a regular basis,
your realtor and your loan
officer. Generally, the people in the industry are very good at what
they do, and are very good at being your advocate.
That being said, it is still
very important to find a comfort level with the people you are dealing
with.
Purchasing
a home is by far one of the largest financial transactions you will ever
perform in your life, so you want to be sure all the parties involved
get it right.
Mortgage
Closing Costs
What
A Broker Does
Using
a Mortgage Broker
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