Do you Know What Questions To Ask Your Lender?
Everything you can do to learn the in's and out's of the financing for your new home purchase will be of benefit to you as you negotiate the path to homeownership. Yes professionals can help guide you but you simply must take personal responsibility for your decisions since they can have a tremendous impact on your future. If you don't understand something don't be afraid to speak up and ask.
A mortgage comes with many moving pieces and understanding them is the key getting a great deal. Unfortunately, studies show that few Americans have a firm grasp of how mortgages work -- from mortgage types to mortgage fees.
In this back-to-basics interview on NBC's The Today Show, you'll learn some mortgage planning basics to help you get smarter with your next home loan in Aspen or anywhere else -- purchase or refinance.
Some of the topics covered include:
- The mortgage applicants for whom adjustable-rate mortgages are a better choice than fixed-rate mortgages
- Why you should include "How Good Is This Lender?"-type questions in the rate shopping process
- What a pre-approval letter is good for, and what it is not good for
There is also one of the most simple explanations of "discount points" ever offered on network television.
The video runs 4-and-a-half minutes. For first-time buyers and experienced ones, it's worth a watch. You'll pick up some tips to use on your next mortgage.
______________________
Zach Merritt
Broker/Owner | Merritt Group, LLC
Real Estate | Aspen, CO
Tel: 970.315.2160
Email: zach@zachmerritt.com
Comments(1)