Monday, April 25, 2011

10 Major Mortgage Mistakes to Avoid

It is a good time to buy a house in the Boise-Nampa Metro Area. If your are thinking about buying a house, MSN lists the following ten major mistakes people make with regard to mortgages.

1. Not checking your credit

2. Applying for new credit alongside the mortgage

3. Failing to look at the TOTAL mortgage payment

4. Not seasoning your assets

5. Not getting pre-approved

6. Job-hopping

7. Not shopping around

8. Chasing exotic loan programs

9. Forgetting to lock your rate

10. Not reading your loan documents

I would be happy to answer any questions you may have about these or any other real estate issues. I can also provide names of some outstanding lenders. Getting a good loan officer can prevent a multitude of mortgage problems!

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