What do First time home buyers have in common with other types of home buyers??? Yes, they are all interested in buying a new home but ......nearly all of them do not understand the mortgage process. Because of this, there are a great number of misconceptions out there. Realty Times, an online trade publication, has a new article about this issue. CLICK HERE to read the article.
Knowledge of the loan process is vital when purchasing a home, whether it is your first or your last. Long term financing has many twists and turns and the best way to straighten the road to a satisfactory mortgage is to educate yourself. If you are thinking about buying a home, do the smart thing and begin with understanding mortgage money, programs and what is best for you.