11 Deadly Mistakes When Applying for a Mortgage

Written by Scot Krueger


11 Deadly Mistakes When Applying for a Mortgage

--------------------------------------------------------------------------------

"...avoid disappointment and SAVE thousands by taking a few minutes to acquaint yourself with these potential mistakes.."

--------------------------------------------------------------------------------

Not Knowing How Much Money You Can Put Down It’s important to know how much you can afford to pay in down payment and closing costs when you apply for your mortgage. The more you put downrepparttar better rates and terms you’re likely to get. Atrepparttar 105006 same time you also need to stay within your means and comfort level.

Working With A Mortgage Broker Who Has A Poor Performance Record Industry insiders know thatrepparttar 105007 most common reason that a sale fails to go through is thatrepparttar 105008 mortgage fails to go through. Ask your mortgage broker about her/his performance guarantee.

Not Understanding The Process Most of us don’t shop for a mortgage very often. As a result it isn’t something we become familiar with. Work with a mortgage broker who will takerepparttar 105009 time to answer your questions and uses terms you understand.

Working With A Lender Who has Only One Investor Not all lenders have a range of options when it comes to investors. What if that investor doesn’t offerrepparttar 105010 type of mortgage you need? Or worse yet, what if you need to change loan products after you’ve startedrepparttar 105011 process? Working with a mortgage broker who has many investors enables you to address these issues without startingrepparttar 105012 process over again.

Making Large Purchases Prior to Your Mortgage Application Many people think that it is in their best interest to get large purchases completed prior to applying for their mortgage. As total debt is a key component in determiningrepparttar 105013 amount of home you qualify for it is best to wait until after your home purchase has closed to make such purchases.

Over Shopping Your Loan Each time you call a lender seekingrepparttar 105014 best possible rate and terms you have your credit report pulled. Every time your credit report is pulled you risk decreasing your credit score and thus possibly decreasingrepparttar 105015 likelihood of gettingrepparttar 105016 best rate and terms. Experts recommend that you select a mortgage broker with a number of investors and do your shopping with her/him.

People Are The Heart Of Your Organization

Written by Lorraine Pirihi


Do you let your people express their thoughts aboutrepparttar roles and responsibilities they have in your organisation? Don't just take it for granted that everything's fine because no one complains.

Organisations often spend a fortune on purchasing office furniture/computer software/filing systems etc. only to find out they are unsuitable becauserepparttar 105005 people who use them were never consulted about what their needs were.

One of my clients moved into new premises some time ago and keptrepparttar 105006 old office furniture. It didn't suitrepparttar 105007 image ofrepparttar 105008 new premises and caused real health problems with my client's team. One ofrepparttar 105009 staff had a constant sore back and eyestrain - all related to her desk and chair;repparttar 105010 other staff member suffered from sore wrists when working onrepparttar 105011 computer. Neither of them had mentioned anything to their boss.

Cont'd on page 2 ==>
 
ImproveHomeLife.com © 2005
Terms of Use