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What Does That Contract You Are About To Sign Really Say?
If there is anything true in purchasing a house, it is this: Not reading the fine print is certainly NOT Better! In fact, failing to read anything you are signing whether it is for a car, 2nd Mortgage or the First Mortgage, can lead you to financial ruin. Just ask the thousands and thousands and thousands of people who are loosing their homes thru foreclosure because of their failure to interpret and understand the what the Contract REALLY stated.
As a Real Estate Professional, I have stopped more than one person signing papers for their Mortgage Closing and asked them to take a deep breath and then consider, "Do you really understand what you are about to sign?" The response has sometimes been, "No, but I'm sure its ok". The fact is it may not be ok and you should know and be aware of everything you are agreeing to do by signing on the dotted or solid line.
Here is the way it often seems to work: Sometimes Closing Agents progress quite fast thru the closing because after all, they do this every day. You shouldn't hesitate to ask them to slow down, especially if you are a FIRST TIME ... more

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