Knowing The Mortgage Basics Can Save You Money
That was the headline in the Sun Sentinel article below. I don’t agree with everything that is in the article. The most important part of getting a loan is to make sure you are dealing with an expert who will get your loan closed and deliver what they promise. Anyone can quote you any rate and a lot do just to get you in the door.
You don’t need to be prepared to put down 20% and I actually like to recommend to put down less money because I want to make sure you have money in reserve after closing since there are additional costs that come with owning a home.
I agree with the article on property insurance, title insurance, making sure you get a good faith estimate, and everything else below that.