Sure it’s more exciting to look at homes for sale in North Oaks when you make the decision to buy, but it’s not the first step. Nope. That would be securing a loan so you know how much you can spend on a home.
First-time buyers, especially, find the lending process confusing and for good reason ― it IS confusing. So today I thought we’d take a look at the very first step in the home purchase process, finding the right lender.
Don’t Buy into the Myth
I don’t know if it’s a “myth,” so much as a misconception among consumers that the best loan is the one with the lowest interest rate. This may not necessarily be the case, and here’s why.
The lender’s advertised rates may not be for the loan you want. For instance, you may want a 30-year fixed…