Watch Out for These Mortgage Mistakes!

Watch Out for These Mortgage Mistakes!Don’t blow your mortgage process; stay away from these mistakes in Irvine, CA!

Applying for a mortgage is a big deal. You get ready to make one of the biggest purchases of your life, and you need to get this home loan to do it. It’s unfortunate but true; a lot of people make critical mortgage mistakes that keep them from getting the loan they need to buy their dream homes. Don’t be one of them! Skip these slip ups.

Changing around your credit cards.

While you’re applying for a mortgage, you want your credit score to be—and stay—as high as possible. When you apply for a new credit card, your credit score takes a brief dip thanks to the credit check. Sure, your score will come back up but that ding could hurt you. It’s also a bad idea to close an old credit card while applying since that will shrink the amount credit available to you, hurting your score.

Choosing the first lender you meet.

Having the right mortgage lender can make the difference between getting too much mortgage at too high a rate, and getting the perfect home loan for your family. Interview multiple lenders, comparing both the rates they offer and their service.

Signing your loan documents too quickly.

We know that getting your mortgage might feel like it’s taking a while, but it’s worth it to go slowly and make sure you understand every single piece of paper you sign. If you don’t, you could be surprised by a rate increase later down the road.

Want to know the best way to avoid mortgage mistakes? Get in touch with a professional mortgage lender who’s committed to helping you and your family through the whole process. For dedicated service and the home loan you need, contact Avis Lending. We have offices conveniently located in Irvine, California and Lahaina, Hawaii so we can best serve you.

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