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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"David is incredibly knowledgeable and passionate about his work. Every question I ask him is answered promptly and thoroughly. When necessary, he’s direct and forthright. He’s also kind and empathetic. His skills and qualities add up to a Mortgage Advisor that you WANT on your side."
- Kevin M.
"David is one of the most competent and sincere mortgage lenders I’ve had the opportunity to work with. He’s the epitome of excellence, driven by his passion to serve others."
- Steve D.
“David and his team were amazing to work with. We had a very challenging situation and they were there with us every step of the way until we closed on our home.”
- Richard M.C.
"David is incredibly knowledgeable and passionate about his work. Every question I ask him is answered promptly and thoroughly. When necessary, he’s direct and forthright. He’s also kind and empathetic. His skills and qualities add up to a Mortgage Advisor that you WANT on your side."
- Kevin M.
"David is one of the most competent and sincere mortgage lenders I’ve had the opportunity to work with. He’s the epitome of excellence, driven by his passion to serve others."
- Steve D.
“David and his team were amazing to work with. We had a very challenging situation and they were there with us every step of the way until we closed on our home.”
- Richard M.C.
"David has a high level of integrity & cares deeply for each of his clients. I highly recommend using his expertise in getting you the absolute best mortgage for your money. Do not throw away money to a landlord. Don't let the economy take away your ability to buy a home in this economy. Better to invest in your property that someone else's property!"
Bob D.
“David is patient, engaged, and so knowledgeable! We went through a long home-buying process, changing our minds often about what we wanted. David was with us every step of the way, going above and beyond to answer all of our questions and really helping us understand the daunting mortgage process. I have full confidence that David got us the best rate possible and will continue to keep us updated on when we should refinance down the line. I'm grateful to know that he is here as a guide for us for whatever the future may bring!”
Hannah F.
I am grateful to have had the opportunity to meet and work with David on several occasions. I immediately recognized David’s unparalleled product knowledge surpassed only by his genuine compassion and commitment to his client’s short term needs and long term financial well-being. David’s fierce commitment to excellence combined with an approachable, affable countenance make David the perfect client advocate and coach. I am blessed to call him a friend and professional partner. Anyone who has the goodluck of working with him will learn what I know - he’s the best!
Steve F.
"David has a high level of integrity & cares deeply for each of his clients. I highly recommend using his expertise in getting you the absolute best mortgage for your money. Do not throw away money to a landlord. Don't let the economy take away your ability to buy a home in this economy. Better to invest in your property that someone else's property!"
Bob D.
“David is patient, engaged, and so knowledgeable! We went through a long home-buying process, changing our minds often about what we wanted. David was with us every step of the way, going above and beyond to answer all of our questions and really helping us understand the daunting mortgage process. I have full confidence that David got us the best rate possible and will continue to keep us updated on when we should refinance down the line. I'm grateful to know that he is here as a guide for us for whatever the future may bring!”
Hannah F.
I am grateful to have had the opportunity to meet and work with David on several occasions. I immediately recognized David’s unparalleled product knowledge surpassed only by his genuine compassion and commitment to his client’s short term needs and long term financial well-being. David’s fierce commitment to excellence combined with an approachable, affable countenance make David the perfect client advocate and coach. I am blessed to call him a friend and professional partner. Anyone who has the goodluck of working with him will learn what I know - he’s the best!
Steve F.
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