Mortgage Do's And Don'ts
Mortgages can be tricky, and it's easy to make mistakes that can end up costing you dearly. That's why we've put together this list of Mortgage Do's and Do not's to help you navigate the process with ease - and a little bit of humor.
DO: Shop around for the best mortgage rates
DON'T: Assume your bank will give you the best rate just because you have a checking account there. Remember, loyalty is a two-way street.
DO: Have a budget in mind
DON'T: Get in over your head. Just because you can technically afford a million-dollar mansion doesn't mean you should buy one. You don't want to be house-poor and unable to afford groceries.
DO: Get pre-approved before house-hunting
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DON'T: Assume you'll be approved for a mortgage just because you have good credit. Pre-approval is important because it gives you a better idea of how much house you can afford and shows sellers that you're serious.
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DO: Consider your future plans
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DON'T: Assume you'll live in your new house forever. Life happens, and you may need to sell sooner than you think. Make sure you're not getting into a mortgage that you can't realistically afford if you need to move in a few years.
DO: Get pre-approved before house-hunting
.
DON'T: Assume you'll be approved for a mortgage just because you have good credit. Pre-approval is important because it gives you a better idea of how much house you can afford and shows sellers that you're serious.
.
DO: Consider your future plans
.
DON'T: Assume you'll live in your new house forever. Life happens, and you may need to sell sooner than you think. Make sure you're not getting into a mortgage that you can't realistically afford if you need to move in a few years.
DO: Read the fine print
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DON'T: Sign on the dotted line without reading the terms and conditions. There may be hidden fees or clauses that could come back to haunt you later.
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DO: Be prepared for unexpected expenses
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DON'T: Assume everything will go smoothly. There may be unforeseen expenses, like a leaky roof or a broken furnace, that can quickly drain your savings. Be sure to budget for these types of surprises.
DO: Read the fine print
.
DON'T: Sign on the dotted line without reading the terms and conditions. There may be hidden fees or clauses that could come back to haunt you later.
.
DO: Be prepared for unexpected expenses
.
DON'T: Assume everything will go smoothly. There may be unforeseen expenses, like a leaky roof or a broken furnace, that can quickly drain your savings. Be sure to budget for these types of surprises.
DO: Have a good sense of humor
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DON'T: Take everything too seriously. Yes, buying a house and getting a mortgage can be stressful, but try to find the humor in the situation. After all, laughter is the best medicine for a stressful day.
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By following these Mortgage Do's and Do not's, you'll be well on your way to successfully navigating the mortgage process - with a smile on your face. Good luck, and happy house hunting!
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Refinancing youe loan and when to do it
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"Thank you Joe for being so attentive AND transparent throughout this entire process... Joe will work with your specific needs and financial situations and suggest ways to improve and get what you need.
This being my first home purchase, I appreciated his honesty and willingness to work with me and counsel me through it all step by step."
"Having Joe as our loan specialist was like finding a lighthouse in a stormy sea. From our first interaction, Joe stood out with his professionalism, deep knowledge, and genuine care for our needs. He made what could have been an overwhelming process surprisingly straightforward and easy to navigate. What truly set Joe apart was his commitment to our cause. He went above and beyond to ensure we received the best possible rates and terms. His proactive approach meant he often anticipated and solved problems before they could become hurdles in our path."
"We couldn’t have ask for a more quintessential person to work with than Joe. He was understanding, showed compassion, commitment and very passionate about his craft. He was ALWAYS available to listen, talk, provide answers and clarification. I’m so glad he’s apart of our team now."
Thank you Joe for being so attentive AND transparent throughout this entire process... Joe will work with your specific needs and financial situations and suggest ways to improve and get what you need.
This being my first home purchase, I appreciated his honesty and willingness to work with me and counsel me through it all step by step.
"Having Joe as our loan specialist was like finding a lighthouse in a stormy sea. From our first interaction, Joe stood out with his professionalism, deep knowledge, and genuine care for our needs. He made what could have been an overwhelming process surprisingly straightforward and easy to navigate. What truly set Joe apart was his commitment to our cause. He went above and beyond to ensure we received the best possible rates and terms. His proactive approach meant he often anticipated and solved problems before they could become hurdles in our path."
"We couldn’t have ask for a more quintessential person to work with than Joe. He was understanding, showed compassion, commitment and very passionate about his craft. He was ALWAYS available to listen, talk, provide answers and clarification. I’m so glad he’s apart of our team now."
"This man is forever our friend and a huge part of my family. Joe, he didn't stop until he made sure we were secure in our forever home. He went above and beyond as a lender. He actually showed what truly family is to us. Joe took time out his busy schedule to make sure OUR FAMILY TRADITIONS were FULLFILLED.
THANK YOU, JOE"
"Joe was exceptional! He supported us through every step of the mortgage process. As first time home buyers, financing felt daunting but Joe was there for us, answering every question big or small! I cannot recommend Joe enough, it’s obvious he truly wants the best for the folks he works with. He’s transparent, thorough and caring and I’m so grateful for everything he did to help us get into our perfect first home!"
"Super intimate customer experience. I have very complicated business assets and Joe was both patient and easy going, helping us get everything straightened out and prepared. 10/10 would recommend to friends and family."
"This man is forever our friend and a huge part of my family. Joe, he didn't stop until he made sure we were secure in our forever home. He went above and beyond as a lender. He actually showed what truly family is to us. Joe took time out his busy schedule to make sure OUR FAMILY TRADITIONS were FULLFILLED.
THANK YOU, JOE"
"Joe was exceptional! He supported us through every step of the mortgage process. As first time home buyers, financing felt daunting but Joe was there for us, answering every question big or small! I cannot recommend Joe enough, it’s obvious he truly wants the best for the folks he works with. He’s transparent, thorough and caring and I’m so grateful for everything he did to help us get into our perfect first home!"
"Super intimate customer experience. I have very complicated business assets and Joe was both patient and easy going, helping us get everything straightened out and prepared. 10/10 would recommend to friends and family."
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