Mortgage Mistakes you should Avoid - PowerPoint PPT Presentation

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Mortgage Mistakes you should Avoid

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You cannot afford to make mistakes when it comes to your mortgage loan. A home is the most valuable purchase you’ll ever make and a mortgage loan is a financial responsibility you’ll carry throughout your life. Mortgage loans can become a burden and mortgage mistakes can affect your finances throughout your life. It’s crucial that you avoid mortgage mistakes. Avoiding mortgage mistakes can help you become a happy, proud homeowner. If you want peace of mind and do not want to hurt your finances, then you must avoid mortgage mistakes. Read here about top mortgage mistakes you should avoid. – PowerPoint PPT presentation

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Title: Mortgage Mistakes you should Avoid


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Top 4 Mortgage Mistakes You Should Avoid




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Introduction
  • You cant afford to make mistakes when it comes
    to your mortgage loan.
  • A mortgage loan is a financial responsibility
    youll carry throughout your life.
  • Mortgage loans can become a burden to you.
  • Mortgage mistakes can be frustrating and can
    affect your finances throughout your life.
  • Avoiding mortgage mistakes will help you become a
    happy, proud homeowner.
  • If you want peace of mind when it comes to your
    finances, try to avoid these common mortgage
    mistakes.

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  • 1. Avoid Bankruptcy and Foreclosure
  • Avoiding bankruptcy and foreclosure can help you
    to get mortgage loans easily from lenders.
  • Late payments that show up on your credit report
    can disqualify you from getting mortgage loans.
  • 2. Not Locking in Your Mortgage Rate
  • Mortgage rates can go up if you fail to lock them
    in.
  • You can either lock or float an interest rate.
  • Keep an eye on the interest rates before and
    during the mortgage loan process.

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  • 3. Not Knowing How Much You Can Afford
  • You should figure out how much you can afford
    before searching for a property.
  • Before you start looking for a home, you should
    get pre-qualified or pre-approved.
  • Know how much you can afford based on your salary
    and assets.
  • 4. Not Paying Attention to Your Credit Score
  • You shouldn't open new credit cards or make
    excessive charges on your existing credit cards
    before and during the loan application process.
  • This can negatively affect your credit score and
    can increase your debt, which can prevent you
    from qualifying for mortgage loans.
  • You should be careful of all your debts and
    repay them on time for an improved credit score.

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  • If youre looking for a mortgage company in MA
    for a mortgage loan, Drew Mortgage Associates,
    Inc. can help! Drew Mortgage Associates, Inc. is
    a mortgage company in MA that can provide
    mortgage loans or refinance your existing loan to
    a lower interest rate or reduced term.
  • Our mortgage loan officers are highly trained
    professionals who can help identify the best loan
    program that suits your financial needs.
  • Drew Mortgage Associates, Inc. is the most
    preferred mortgage lender in MA.
  • Read More About Mortgage Mistakes You Should
    Avoid.

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DREW MORTGAGE BRANCH OFFICES
Drew Mortgage Associates 196 Boston Turnpike
Road Shrewsbury, MA 01545 Phone
508-753-1656 Website https//www.drewmortgage.com
/
Peabody Mortgage Lenders 1 Mt Pleasant
Drive Peabody, MA 01960 Phone (978) 750-1080
Boston Mortgage Lenders 232 Commercial St Boston,
MA 02109 Phone (617) 523-3060
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