to properly fix your credit; others will overcharge. A reputable company will not only help you fix your current credit score, but also hel p in fixin g any mistakes that show up in the report. CONSIDER ALL EXPENSES As a new homeowner, remember that the down payment and the monthly mortgage payments aren’t the only expenses that you’ll be responsible for. Many buyers, most notably fir st-time buyers, make this mistake of forgetting to consider all expenses associated with continued homeownership. As a new property owner, you’ll be paying closing costs, property taxes, homeowner’s insurance, and maintenance costs. Please ensure that you’ve budgeted for all these items when shopping for a home loan and more. BE INVOLVED Don’t forget to stay involved throughout the process of shopping for a home loan, researching interest rates, comparing interest rates, and looking for the best mortgage deal. Real estate agents and mortgage brokers have complicated jobs in ensuring their clients get the best deal. Th erefore, as a buyer, you should also make e ff orts to ensure you’re also part of the whole process and that you’re involved in every step of the deal. Research has shown that most people spend more time shopping for cars than they spend shopping for home loans. As a result, many buyers end up paying more in closing costs, or higher interest rates than they might have because they didn’t bother doing enough research or they didn’t adequately shop the mortgage market. Real estate mortgage interest rates can move up and down quickly due to various fin ancial and market factors. Th e ever-changing rates can confuse almost anyone, and timing is important. For instance, one day the rate might be 5% and the following day it could rise to 6%.
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