With house buying season right around the corner, it’s time to shop for a mortgage. Especially in a hot housing market like Boulder County, getting your mortgage lined up before the perfect house comes along is recommended.
Yet, according to Bradley Tuttle’s Realty Times, most borrowers do little mortgage evaluation and pay more for their loans as a result. To get the best mortgage rate and avoid paying more than you need to, take a look at Realty Times top five mortgage mistakes.
1. Mistaking advertised rates with the actual rate
Advertised rates are typically for those with perfect – or almost perfect – credit. For most mortgages, to get the low rate advertised, you must pay a fee which can be up to or one percent of the loan amount, also…