Mortgage Hints & Tips

It is very important when buying a new house and looking for a mortgage to get the best all round deal. I found a few hints that may make you mortgage hunting a bit easier.

Here is a simple list of things to consider:

1. Don't build yourself a mortgage mountain.
2. Get your budget under control.
3. Prepare to pay off small debts.
4. Begin to gather documentation.
5. Don't forget about closing costs.
6. Compare.
7. Consider points when comparing.
8. Get educated!
9. Consider a 15 or 20 year term.
10. Adjustable Rate Mortgages (ARMs) for short term ownership.

To get more indepth detail on each point check out the Mortgage Hints at OurFamilyPlace.com.

technorati tags:mortgage, hints, tips

Things To Avoid When Applying For A Mortgage

Just came across this interesting video serious put out by Quicken giving you very important tips about mortgages and home loans.

This particular video deals with the things you should avoid when applying for a mortgage. I hope it helps, and leave a comment below to let me know your opinion about this video, or if you have any other things we should avoid.

Watch this video here.

technorati tags:mortgage, applying, video