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Applying for a mortgage can be a daunting task. It takes many hours, lots of paperwork, and possibly a headache or two. Below are several mistakes to avoid when on the hunt for a mortgage.
Not checking your credit. "This should be your first step in applying for a mortgage," says Michael Litzner, Broker of Century 21 American Homes. Check your score months before applying for a mortgage so you know where you stand, and have time to make any changes if necessary.
Not getting pre-approved. A mortgage pre-approval is one of the best things you can do to ease the home-buying process. During
pre-approval, your bank checks your credit and examines your income, assets, and employment. "Before...
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