Remembering Our Heroes On Memorial Day

Memorial Day Solana Beach CA

Remembering Our Heroes On Memorial Day

Skip Out On These Blunders When Mortgage Shopping

Because buying a home is one of the biggest investments you will ever make, it is crucial that you are careful when you are mortgage shopping. Making a mistake during this process could leave you saddled with too much debt, paying too much for your interest, or even without the home loan you need. To help you, we want to remind you not to make these common mortgage mistakes.

  • Skipping The Credit Check: Your credit score is an important factor in your mortgage process, so check it well before you need your mortgage. That way, if there are mistakes on your report you will have the chance to dispute them. Furthermore, if your score is low you will have time to work to improve it.
  • Taking Out New Credit: When you apply for a new credit card, your credit score takes a brief dip because of the hard inquiry on your report. When you are trying to make yourself look as good as possible to lenders, avoid taking out any type of new credit. Do not close any lines of credit, either.
  • Going With A Lender: You deserve to have the lowest possible interest rate and to work with a broker who can help you understand the process. Mortgage brokers work with many different lenders and have the ability to shop rates to ensure you get the best home loan possible. Going with one lender can limit your options, it’s important to have options.

Fortunately, if you work with a mortgage expert at our firm from day one, you will have someone to ensure you do not make any of the common mortgage mistakes. For that level of service, contact Ranch & Coast Mortgage Group Inc. We are here to ensure you get the right mortgage to meet your needs in Solana Beach or elsewhere in California. Do not be left trying to navigate the mortgage shopping process alone; let us safeguard you against mistakes.