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When Purchasing a Home, Make Sure You Get The Right Loan

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Title Insurance with Title Junction, LLC

When Purchasing a Home in Cape Coral or Fort Myers, Make Sure You Get the Right Loan

 

When you are purchasing a home in Cape Coral or Fort Myers for the first time or for the tenth time, the last thing you want to do is fall victim to a predatory lender.  Failure to spot a dishonest or incompetent lender could cause financial heartache and could even cost you the home you are trying to buy.  Use the following tips to sidestep any complications in the loan process.

 

§  Take your time.  Don’t be rushed by a mortgage broker or lender to sign documents that you know nothing about.  Make sure you have your loan officer explain all the documents you will be signing and what to expect throughout the process.  

 

§  Never sign blank loan documents. Verify information on all forms before signing and never let someone fill in information for you after you have signed.

 

§  When signing you’re documents, make sure all the terms are what you agreed to.  If there are any differences or if there are corrections that need to be made, make sure you bring this to the attention of the person handling your mortgage before signing any of the documents.

  

§  Honesty is the best policy.  Don’t let anyone talk you into putting false information on loan documents so you can get a better deal.  There are severe penalties for lying on loan documents.

 

§  Shop around.  Don’t commit to a mortgage without talking to at least two or three lenders.  This way you have some options and you can make sure no one is trying to take advantage of you.

Title Junction is a full service real estate title company serving the area of Fort Myers, Cape Coral and the entire state of Florida since 2005. The company handles a number of real estate title services for both commercial and residential properties. Employees of Title Junction can also act as a witness in courtesy closings as well as an escrow agent or a notary public.  Please contact Jennifer Ferri of Title Junction, LLC for further information @ 239-415-6574 or www.title-junction.com

 

 

 

Posted by

Jennifer Ferri

Owner and Operator

Title Junction LLC

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