Before Buying a Home in New Bern, Educate Yourself on Mortgages
August 21st, 2008 Categories: North Carolina Mortgage News
I had a call today from a first time home buyer looking to purchase his first home. He unfortunately made the mistake of going with the first company he came to. Avoid this pitfall and you will save yourself a great deal of hassle and money.
1. If you are paired with a Real Estate Agent referred to you by a bank, make sure they are acting in your best interest? If they are associated with a referral company, then they must maintain their allegiance with that company.
2. Get a good faith estimate from your mortgage company and do not rely on verbal quotes. If it is not in writing then it can not be guaranteed.
3. If you do not look further than the first mortgage company you come to, do not expect to get the best deal. Go to 3 recommended companies and get good faith estimates to compare them side by side.
