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!


Click here to add a comment.

You can also ask Kate about your mortgage at Best Mortgage Advice Social Networking Hotline.

Recent Articles

  1. Kate's Mortgage Rate Report August 11: Rates Bouncing Like a Ping Pong Ball

    Aug 11, 16 10:49 AM

    Kate's mortgage rate report for the week ending August 11, 2016: Rates Bouncing Like a Ping Pong Ball
    Mortgage interest rates have been bouncing like a ping pong ball: After last Friday's strong job report began pushing up mortgage rates, the market is now hinting at a reversal, with the 30-year hover…

    Read more

  2. Ask Kate how to avoid unauthorized mortgage rate extension fees

    Aug 11, 16 10:18 AM

    Ask Kate how to avoid unauthorized mortgage rate extension fees
    Ask Kate how to avoid unauthorized mortgage rate extension fees:

    After locking in her rate, the bank sent a Texan homeowner, Laura, notification of several thousand in fees that she must pay in order…

    Read more