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First-Time Home Buyer Advice - The Importance of Making Your Mortgage Payment on Time

Real Estate Agent with Charles Rutenberg Realty

January 02, 2009 05:37 AM

Congratulations! You've worked hard to get here... You've saved for your down payment, you've provided mountains of bank statements for your mortgage approval and you've signed so many pages of documents that your hands went numb. Now the fun begins, moving in, painting, getting settled... You're a homeowner, it's the American Dream.

My advice for all home buyers is to take advantage of the Automatic Withdrawal that your mortgage holder will offer you in order to pay your mortgage on time. Paying your mortgage on time is one of the most important financial responsibilities you will ever have, take a moment, fill out the draft authorization and relax because your mortgage payment will be made on time, automatically.