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Mortgage Expert Blog

2016 Mortgage Closing Process

Closing on time is a commitmentClosing on your new mortgage is the last step in home buying process. Once you’ve completed your closing then you are a homeowner. This is the most important step because without closing, you don’t actually own your home. We’re going to take you through all the details of the mortgage closing process.Expectations:If you’re purchasing property you will:•Complete your pre-closing walk-through •Bring your funds to closing •Show up to closing and sign away!If you’re refinancing you might need to: •Maybe need to bri...

April 18th, 2016 | first-time home buyer, mortgage, closing, 2016 Mortgage Closing Process

Top 10 mistakes first-time home buyers make

#1 Not knowing how much house you can afford #2 Spending the maximum you can afford #3 Not working with an experience realtor #4 Not getting fully underwritten and approved upfront #5 Failing to budget for long term repairs and maintenance costs #6 Failing to budget for property taxes and homeowners insurance #7 Skipping the home inspection #8 Not considering the resale value #9 Not getting it in writing. If it’s just verbal, it’s not legal #10 Choosing the wrong mortgage product for your need Mark Merry your Edina mortgage expert. Just call me before you doing anything.

April 16th, 2016 | spending, mistakes, first-time home buyer, mortgage, afford, Top 10 mistakes first-time home buyers make