Fees Come With the Keys! 5 Mortgage Tips All First-Time Homebuyers Should Know

Fees Come With the Keys! 5 Mortgage Tips All First-Time Homebuyers Should Know. Tech Tuesday's Live Training [DeltaNet 5] - Displaying Mortgage Info

Fees Come With the Keys! 5 Mortgage Tips All First-Time Homebuyers Should Know video duration 1 Minute(s) 27 Second(s), published by b/60 on 28 05 2019 - 13:58:29.

When buying a home, money talks! But for first-time homebuyers, they'll be talking about mortgages, since that's how many will be financing their homes Do you want to know how to avoid un-necessary problems in a mortgage application by upfront preparing your clients? These 5 tips I shared in the video will .

If you have a home loan / mortgage and you are serious about building financial security for yourself, putting in just a few small extra hard yards now, pays off ten Moderator: Jennifer Johnson, EMF-ECBC Panellists: Diana Barglazan, DG ENER, European Commission
Paolo Foa, UniCredit
Wolfgang Kälberer, vdp
Watch how to display mortgage description and logo on display pages on DeltaNet, Tues
Jun 25th at 9:30 am http://bit.ly/2UyajAp.

When buying a home, money talks!

But for first-time homebuyers, they’ll be talking about mortgages, since that’s how many will be financing their homes.

Here are 5 mortgage tips all first-time homebuyers should know.

It’s a myth that you need to put down 20% when buying a home.

There are home-buying programs that let those strapped for cash put as little down as 3%, according to NerdWallet.

Just know that putting down 20% usually gets you a lower interest rate.

Just because you qualified for one mortgage amount doesn’t always mean you should go for it.

It’s easy to max out your budget by overextending yourself.

Your credit score can take a hit if your credit report is pulled too many times, according to Business Insider.

It’s best to pull it yourself and bring it to lenders, so that when you’re ready to apply for a loan, it doesn’t get pulled over and over.

You’ll be throwing money away if you get a rate quote from just one lender.

The Consumer Financial Protection Bureau reports comparing mortgage rates from at least three lenders can save folks over $3,500 during the first five years of the loan.

Closing costs are in the ballpark of 2-3% of the mortgage principal amount, according to The Motley Fool.

Doing the math on a $200,000 mortgage, the financial services site reports buyers can expect a bill of up to $6,000.

A better strategy for cash-strapped first-time buyers is to ask the seller to pay the closing costs for you.

Getting the keys without all of the fees will make it feel like home sweet home.

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