My Blog

The process of obtaining a mortgage loan for the first time can be confusing and a bit frightening and even more without having knowledge of the process.  We recently had an eye opening experience in the loan process when a client of ours was quoted an amount that she did not agree with as her down payment. When she left their office she set out doing her research online and came up with the answers that she needed to back her claim!  The fact was that she had been quoted a price that was substantially higher than the national average of three to four percent of the loan. Now we cannot say for sure if the loan officer made a mistake or not but one thing for sure is this young lady can be proud of her awareness in this matter and her perseverance. I will say this old saying and buyers you should take heed in this matter  “BUYER BEWARE!“  Buyers do your research on your lenders and be armed with knowledge and you will not go wrong. Buyers walk in with these papers in hand  “20 Questions to ask A Lender Or Mortgage Broker” and your Lender or Mortgage Broker will know you mean business. In case you were wondering my client was quoted the correct price and this was resolved in her favor.