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Whom Can You trust?
By Jennifer Hershey
Obtaining a mortgage and finding a house are two very complicated, time-
consuming things to do.
The mortgage industry is so diverse and complex that it can often leave home
buyers with their heads spinning. There are many parties that play a role in
buying a home. Such as you, the buyer. The seller, the realtor, the mortgage
company, the appraiser, etc. The list goes on and on.
With so many people involved in this process, home buyers will often find
themselves asking the question Ў°who can we trust?Ў±
A very good question this is indeed. As I have stressed before and I will stress
again. For this very reason alone, you should be educating yourself about the
mortgage industry.
Not to the point where you need to become an expert, but at least to the point
where you can familiarize yourself with all the jargon that will be thrown at you,
and how the actual mortgage process works.
When it comes to Ў°who can you trust?ЎЇ My suggestion to you would be to ask a
family member or a friend to refer you to the people they used. Someone they
had a positive experience with and got the job done to their satisfaction.
If you donЎЇt already know someone in the industry that can help you, and you
were unable to be referred to anyone, than contact a local reputable realtor to
assist you. But before you commit, make sure you check their references. And
always shop around for rates.
For the most part you will be dealing with two people on a regular basis, your
realtor and your loan officer. Generally, the people in the industry are very
good at what they do, and are very good at being your advocate.
That being said, it is still very important to find a comfort level with the people
you are dealing with.
Purchasing a home is by far one of the largest financial transactions you will
ever perform in your life, so you want to be sure all the parties involved get it
right.
About the Author
Jennifer Hershey has more than twenty years of experience in the Mortgage Industry as a loan officer. She is the owner of www.ExplainingMortgages.com, a mortgage resource site devoted to making mortgage terms and products easy to understand.
Article Source: http://www.simplysearch4it.com/article/13886.html
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| Some other articles by Jennifer Hershey | Getting Pre-approved For a Loan
For a first time home buyer, you are taking on a monumental task,
undoubtedly the largest task you will ever venture upon, financially speaking
that is.
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