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Choosing a Lender just because of a recommendation by your Realtor.
Your Realtor is not a financial expert and is not qualified to assure you of getting the best loan. In fact the realtor will only get paid if your loan closes so the interest of finding you the fastest lender is sometimes more important than finding you the best lender. We recommend shopping for a loan with at least 2 mortgage companies before you make a decision. There are countless stories of consumers who wind up paying higher rates or getting a loan program that was not right for them because they blindly followed their Realtor's advice.
Looking for a Home without getting Pre-Approved
Trusting Verbal Agreements
Not getting a Good Faith Estimate in writing
Choosing a Lender because of a recommendation by your Realtor
Not Asking for a rate lock in writing
Using a dual agent (represents the buyer and the seller)
Buying a home without a professional inspection
Not shopping for home insurance until you are ready to close
Signing documents without reading them
Making your moving plans too tight
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Plans & Schemes of Selling a home
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Plans & Schemes of Selling a home
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