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Real Estate Tips
Financing Your Home >The Mortgage Shop

The most important thing to look for when you are shopping for a mortgage is the interest rate, right? Not necessarily. There are many other factors to consider, including the lender's charges for making the loan, the terms under which the loan will be approved, and the lender's reputation for timely completion of loan applications to meet purchase agreement deadlines.

When real estate agents are involved in sales transactions, they don't tell buyers which mortgage companies to use. They can provide the names of established lenders in the area who have provided good service to their customers. They can give general information about the different mortgage options that are available today. Using a low interest rate as the main criteria for choosing a mortgage could cost you money--and perhaps the home you want--if the company cannot deliver on its promises.

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Real Estate Trivia
Q 
What is considered the primary factor distinguishing buyers of prestigious properties from the average home buyer?

A 
Financing doesn't worry these buyers; they often put down 40 percent or more or pay cash for a property
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Robertson-O'Sullivan Team, REALTOR®, real estate agent and broker for Greenville, Winterville and Ayden, North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Robertson-O'Sullivan Team
Aldridge & Southerland Realtors

226 Commerce Street
Greenville, NC 27858
252-531-4116
patrickrobertson@NUMBER1EXPERT.com


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