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Top 4 Mortgage Mistakes to Avoid

You should avoid these 4 mortgage mistakes while buying a home.

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Top 4 Mortgage Mistakes to Avoid

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  1. Top 4 Mortgage Mistakes to Avoid

  2. It is important to avoid some of these common mistakes: • Not Checking Your Credit Score: A credit history is important because it assesses your ability to repay the loan. • Neglecting to Factor in the True Cost of Home Ownership: There’s more to borrowing $250,000 than the principal; getting a $250,000 mortgage for 25 years with a 4.5% interest rate brings the total purchase price to $365,292.

  3. Not Shopping Around for the Best Rates: Lot of different lenders out there that provide loans with special interest rates and/or other financial products. • Skipping the Pre-Approval Process: It’s a good idea to see what kind of mortgage you can qualify for by getting pre-approved. Getting pre-approved means you can put in a serious offer quickly, and applying for the mortgage itself will also take less time.

  4. Canadalend.comwill help you find the best way to pay off your loan quickly and reduce interest payments. Contact us today! www.canadalend.com

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