What to Know Before Getting Your First Mortgage » Mortgage Masters Group

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Buying your first home is a big investment – one that can affect your lifestyle and your credit. The more information gathering you do before making your decision, the greater your satisfaction is likely to be before, during and after your move. To get you started, here are ten things to know before buying your first home.

But before you apply for a mortgage online, there’s a few things you should know. 1.Do your research. It doesn’t matter if an online mortgage company has several commercials or a fancy website, do your research and read reviews to make sure you’re working with a trustworthy company.

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Do not get a 30-year mortgage! A $175,000, 30-year mortgage with a 4% interest rate will cost you $68,000 more over the life of the loan than a 15-year mortgage will. That’s a lot of money you could use to build up your retirement fund or save for your kids’ college. Your monthly payment should not exceed 25% of your take-home pay.

What to Do if You are Behind On Your Mortgage Payment! It has been a long struggle with obtaining a mortgage loan until I was introduced to Dave and his team. They worked hard and kept me going and assuring me that they would take care of me in getting my first home. And they did without hesitation. Both my wife and I are very pleased with their services.

Get a Hard Money Loan at 2 Points and Rates for One Year! Buy Properties at – Mortgage Refinance – Watch this before your refiannce your mortgage – Mortgage Attorney Near Me refferal: 8404669163 people refinance their mortgages for a number of reasons, but there are some specific things that one should do to prepare for a refinance mortgage See.

Before purchasing the condo, the Williamses didn’t know they should have scrutinized. you may have trouble getting financing for it or may be charged a higher mortgage rate. Watch for these factors.

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