Shopping for a new home can be scary. Most buyers ultimately have one question: Whom can you trust? Will real estate agents act in your best interest — or will they do whatever it takes to sell their client’s home?...
Whether it’s your first home loan or you’re refinancing an existing one, new mortgage are costly. The average homeowner pays 3% to 6% of his outstanding principal for a new loan. But you do have options when you’re shopping for a mortgage. Here’s how to get some leverage and use it.
For most homeowners, mortgage payments dwarf all other living expenses. When an opportunity comes to reduce those payments, many jump at it. Some homeowners, however, jump a little too quickly. When you’re bombarded by ads from mortgage lenders day after day, it’s easy to understand why.
Taking out a mortgage is probably the biggest hassle facing prospective homeowners. The bank asks you all sorts of nosy questions about your income and savings, and after you’ve poured your heart out and shared all your money secrets, they might not even lend you as much as you need. The nerve!