Best Mortgage Advice Be Cautious

by Ed
(Portland, OR)

My best mortgage advice is to do your own homework and remember, it is real money and not just figures on a sheet of paper. We were recently looking to purchase a home. A Real Estate agent showed us numerous homes over a three week period.

When we found one we were interest in purchasing, she recommended a mortgage broker. We have previously owned homes in other states and were familiar with mortgage costs and procedures.

The first thing the broker requested in addition to our names was all our personal information and financial information. I explained we were first interested in hearing abut the various rates and fees.

He thought a moment, and said that he didn't want to waste his time if we were not ready to have him obtain a mortgage for us.

Needless to say, we left his office, told the agent we were not interested in her recommendation of a mortgage broker and would get our own financing, which we did in two days.

My mortgage advice is to do your own homework and remember, it is real money and not just figures on a sheet of paper.

Kate's Best Mortgage Advice Comment

Ed, you know what I say... It's your house and your mortgage. No one else cares about it more than you. You worked hard for home ownership. You deserve the best mortgage!

P.S. Discover how to ask questions to select your best lender. The Easy Path To Low Mortgage Payments is your guide to qualifying your lender!

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The information you obtain at this site is not, nor is it intended to be, a substitute for personalized professional advice. All numbers are estimated and are for illustrative purposes. Rates, loan programs, and guidelines are published for convenience only, vary with no advance warning, are not guaranteed, and should not be relied upon. You are encouraged to consult a lender for a current rate quote and seek advice from qualified professionals, for example, attorneys, accountants, financial planners, housing counselors, mortgage lenders, and/or real estate agents, regarding your individual situation. Comments and opinions found here are not necessarily those of and its owners.

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