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10 Mortgage Mistakes You Can't Afford

Monday, December 3, 2012   /   by Rob Cheyne

10 Mortgage Mistakes You Can't Afford

Getting the proper financing for your home can save you thousands of dollars over the course of the loan. Read this article for some tips for making sure you get the financing you need when you purchase your next property.


Rob Cheyne - Expert Advisor Team


    Landing a mortgage loan opens the door to home ownership, but it’s no longer the inalienable right it appeared to be during boom times. So it’s important to choose competent professionals to help make the process smooth.


    While there are numerous new mortgage-lending regulations to protect you from predatory lenders, there are many new underwriting rules to protect lenders from defaults by borrowers as well.

    If you want to buy a home today without overpaying for a mortgage loan, you’ll have to come to the table with mortgage market savvy, a serious job, excellent credit, sufficient liquid assets and limited debt.

    Because a mortgage opens the door to homeownership, it’s where you can least afford to make mistakes.

 

    While any mistake can kill the deal, here are the top 10 mortgage mistakes:


 

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The data relating to real estate for sale on this limited electronic display comes in part from the Southwest Florida Multiple Listing Services. Properties listed with brokerage firms other than Rob Cheyne - eXp Realty, LLC are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The source of this real property information is the copyrighted and proprietary database compilation of the participating Southwest Florida MLS organizations and is Copyright 2017 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Some properties that appear for sale on this limited electronic display may no longer be available. For the most current information, contact Rob Cheyne - eXp Realty, LLC Data last updated 9/27/2020 5:32 AM CST.
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2020. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
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