Mortgages

What Mistakes Should I Avoid in the Loan Application Process? Here are a few common mistakes to avoid in the process of choosing a lender: • Not educating yourself about the mortgage process • Not fixing your credit in advance • Not looking for first-time home buyers’ programs • Borrowing too much money • Not shopping around for rates and terms • Paying junk fees without detailed information • Dealing with a second-rate mortgage company • Making large credit purchases prior to applying for your mortgage • Not disclosing all information to your lender • Not planning for closing costs • Not having enough cash on hand after closing		Follow the links below for access to additional Mortgage Resources... The Impact of Credit History The Impact of Income After You Submit Your Application Down Payment and LTV Ratio Info Locking In Your Interest Rate Tax Benefits of Home Ownership Tax Benefits of Selling Your Home The Danger of ARMs What Do Lenders Look for?