Your Mortgage Tips - Part 5

Dear Kate, I'm preparing for my first mortgage. I don't know what to expect. Can you help me? Jonathon

Hi Jonathon, Here's the thing about getting a mortgage. It isn't something you do often. So feeling like a fish out of water is normal. But hey, I have good news! Here are 12 mortgage tips leading to a successful mortgage journey. Today I'll cover 9 and 10.

Tip Nine Nominate A Point Guard: Dual opinions are like putting on the brakes to the mortgage loan process. Consider this: Your mortgage professional clarifies the loan program between you and your co-borrower, a 30 year fixed rate mortgage. But later that day your co-borrower calls back asking for an adjustable rate mortgage.

You can easily prevent this. For best results, nominate a lender contact between borrowers.

Tip Ten How To Be A Track Star: Did you know final loan documents have expiration dates? So sign them as soon as they become available.

Treat the closing like a race. Do your best to take the first available closing appointment. You are racing against time so the sooner the better!

Get the rest of your mortgage tips and other answers here


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