I remember when we were house hunting, god I hope we don’t do that again for a long time. The experience of dealing with a real estate broker, real estate lawyer, mortgage broker and securing a mortgage with the bank were all new, and frankly intimidating experiences for the two of us. Plus, it was around that time that we started hearing more and more stories about Mortgage Fraud in the news.
The news stories were about Mortgage scams where you’d be approved for a loan at reasonable rates but before it was finalized the mortgage company would ask for fees for this or that, and then perhaps ask for more money stating that your approved mortgage wouldn’t be finalized until you paid the rest of the fees they were asking for at that time. Then there were other stories about hidden fees, people being told their month payments would be lower than what they ended up paying in the end. It sounded like there were a lot of scams going on out there and that we’d better be careful in our hunt for a mortgage.
We did our research, talked to friends and ended up using a Real Estate broker and Lawyer that had been recommended by our friends, but it was still a stressful process. It would have made things a bit easier if we’d come across personalhomeloanmortgages.com when we were buying our house. There is so much information there, that I would have appreciated as a novice. There’s articles explaining mortgage brokers, Understanding home equity loans, Mortgage basics – called appropriately Mortgage 101. You can do local searches by city to search housing market trends, local mortgage and real estate related service provider listings.
If you want to learn more you can visit their Financial Forum and talk with others about things like how to spot hidden fees, and which types of loans work best plus hundreds of other topics. You’ll feel secure when you use this site because all customer data is protected through SecureTrust.
Have a look at this site if you’re in the market for a new home or looking to renew the mortgage on your home. I think you’ll get some very useful and timely information that will help you make the decisions that are right for you.