Buying a new home is the biggest investment you will make. There are many misconceptions when it comes to purchasing a home. I have listed 10 things you NEED to know when buying a home. When working with a mortgage professional you should have more than one loan option to choose from. It is always best to talk to a mortgage professional before looking for a home. This will allow you to get pre-approved so that you know what payments are comfortable for you, and can look at home in that price range. 10 things you NEED to know when Buying a Home You (4 comments)
10 MORE things you NEED to know when you refinance your home loan
You will not receive any money (if applicable) the day of closing. - There is a 3 day right of rescission, which allows you to review your documents, or cancel your loan. Your loan will fund on the 4th day.You do not need to have an attorney at the closing. - Most people do not hire an attorney for a refinance; your attorney can review the documents during the rescission period if you choose.You may skip making a payment for one month. - Depending on what day of the month (13 comments)
So it go me thinking....I am going to start a series of 10 things you NEED to know about Mortgages. There are so many different things you need to know about mortgage and so many different aspects of the mortgage industry, that unless you live it, sleep it, work it, eat it you can not possibly (19 comments)
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Kim Murphy
Mortgage Loans in DuPage, Kane, Cook, Lake, Will C