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Hiding Things From Your Mortgage Broker Most of us have experienced times of financial difficulty at some point. While it can be embarrassing to discuss issues like this, your mortgage broker is there to help you get loan approved despite such issues. Your mortgage broker can only help you with those things with which s/he is aware.
Making Late Payments Late payments, especially those within
last year, can be very detrimental to getting
best rate, terms and even
difference of being approved at all. While this might seem like unnecessary advice, ALWAYS pay on time.
Over Using Credit Cards Credit cards are a convenient way to make purchases, but if not paid off or balances kept low you might find it more difficult to get
best rates and terms on your mortgage. Keeping your total debt as low as possible helps you get
mortgage that best meets your specific needs.
Cosigning On Someone Else’s Loan While it can be a great service to a friend or loved one, signing to guarantee someone else’s loan is often a big head ache for
cosigner. Before cosigning you decide if you’re willing and/or able to assume
liability.
Not Getting All The Facts It is important to learn
total cost of your mortgage loan, both at closing and for
life of
loan. While mortgages can look a lot alike there can be subtle differences which can save or cost you thousands of dollars. Get all
facts and know what to expect.
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Mortgage regulations have changed significantly over
last few years, making your options wider than ever. Subtle changes in
way you approach mortgage shopping, and even small differences in
way you structure your mortgage, can cost or save you literally thousands of dollars and years of expense.
Get
Right Information - Whether you are about to buy your first home, or are planning to make a move to your next home, it is critical that you be informed about
factors involved.
Everyday people have their mortgage loan turned down because of one or more of these mistakes. By taking these few minutes to acquaint yourself with
"11 Deadly Mistakes When Applying For A Mortgage" you can save thousands on your mortgage.

Mortgage professional for the past 5 years. Helping people find the right mortgage for their individual needs. Specializing in Zero Down purchases thru out the United States