Exclusive Buyer

finding the best mortgage deal for you and your situation is! Some lenders can “trick” you into thinking you can afford more than you really can, and then offer you a loan that in the end, you can’t pay back. What a lender claims you can afford and what you actually can afford aren’t necessarily the same thing. This is another reason that you need to take your time and shop around for the best deal, and find something affordable that you can live with for years. Part of this involves ensuring you have an accurate budget and saving up ahead of time for a down payment, etc., and part of this involves taking the time to shop around. HIRE A PROFESSIONAL You might assume that you need to shop around for a home loan — and the best home loan — on your own, which can feel overwhelming at best, and impossible at worst. No matter how daunting this experience might feel, know that you don’t have to go it alone. To overcome the challenge of shopping for the best home loan, I recommend that you hire a mortgage professional, or mortgage broker. This is not your buyer’s agent, although you can use your buyer’s agent as a source of information for referrals/ recommendations to qualified, experienced, and well-known mortgage professionals in your area. If possible, you should engage the services of the mortgage professional before you begin searching for your new home. As mentioned, you can find a great mortgage professional, someone who comes highly recommended and has the experience and the credentials to back him or her up, from your real estate agent, and from other real estate agents, colleagues, co-workers, neighbors, friends, and family. In general, banks are known for having the fewest mortgage