As the Spring home buying season heats up, I want to share with you 3 mistakes that can cost you BIG MONEY. I know it's natural to go house hunting, tour your dream home and then meet your realtor to write an offer. But before you embark on that american dream to home ownership with enthusiasm and your check book, be sure to plan correctly. Here are my top 3 Monumental Mortgage Money Mistakes to Avoid that can save you thousands of dollars:
Monday, April 20, 2015
Monday, April 6, 2015
How many people go to work for you when you get a mortgage?
Well, this number may be much higher than you think. The obvious suspects are your lender and your real estate agent.
Let’s add to that all the people on their team. In addition to your lender’s loan officer, there’s also their processor, underwriter, closer, doc preparation team and the post closer to name a few more you may not have known about. On your real estate agents team they may also have a closing coordinator. There’s also the listing agent and their closing coordinator. Wow!
We’re still not done. Let’s add to the list your home inspector, pest/WDO inspector and your home owner’s insurance agent and their team. In addition, there’s the appraiser and the appraisal management service company. On average there are over 20 people working hard to help get you into your new home!
Why do I bring this up? Well, embarking in the pursuit of the American Dream is not to be taken lightly, by you or anyone on your team. Be sure to choose your dream team wisely. Do online research, such as Zillow reviews, BBB ratings as well as ask for customer surveys from past clients. If this information is not made readily available to you; buyer beware.
In addition, soon there will be even more people involved in the mortgage loan process.
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