Shopping For A Mortgage

The most important part of this article is this.  “What to watch out for: Novice loan officers. “In the heyday, underwriting was a matter of pushing a button,” says Steve Curnutte, a former mortgage broker. “Now you have to know what you’re doing.” To prevent your financing plan from fizzling out midway, ask to work with a loan officer who has been in the business for five-plus years, or since before the credit boom took off. “

There are too many things that can cause a loan to go bad and you need someone experienced to help get passed that.  It doesn’t matter how great your credit, income, or assets are, there can and most likely will be problems. 

http://money.cnn.com/2009/06/29/real_estate/home_mortgages.moneymag/index.htm?section=money_realestate