Before jumping in the car to pick out the perfect home to buy, take a few minutes to read and go over these mortgage mistakes that are made far too often and usually end up costing homeowners BIG TIME! At this time of year, and when planning the most important purchase of your life, the last thing you want to do is end up with a fat lump of coal in your stocking that you’ll be paying on for years!
1. All Mortgages Are NOT The Same!
If the last 6 years have taught us anything it’s that you don’t want to be stuck with the wrong mortgage as these can cost you dearly. Find out what all your mortgage options are. Then make a full side by side comparison of each to find out which is right for you. Don’t forget to factor in worst-case scenarios and always plan to have some emergency savings to deal with such contingencies.
Tip: Use our Mortgage Calculator to help you make the most accurate estimates before you begin the process.
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