mortgage options because their products are tailor-made to suit the bank’s interests. However, they can also be more flexible, as they lend the money. If the buyer owns other substantial assets, making a deal with a bank will not be a complicated process. Mortgage brokers are known to offer the most significant amount of options. Working independently and with several financial outlets, brokers can find the best loan for the buyer from different lenders. Now that you’ve identified the house you want to buy and have a professional mortgage advisor, how do you get the best mortgage deal? The first step is to compare different interest rates. Getting quotes from companies is easy since most offer these services online. However, as the buyer, you should be careful not to compare interest rates. The best option is to compare the interest rates and all the fees, including origination fees, points, and any other fees that the lender might include in the deal. Any loan regarded as a no-fee loan means that all the fees have been included in the rates, and as the buyer, you should note that. You are responsible for ensuring you understand every aspect of the mortgage deal. Therefore, the buyer must interview the person handling the loan. Another important step when buying a home is getting your credit report. The purpose of getting the credit report is to give you a chance to get the best bargaining terms and to help you know where you stand. It’s important because you might find that you aren’t creditworthy, which will torpedo the deal. If you find yourself in that situation, using a credit repair company might be a good
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