Call 704-488-1421

Shop for Value

Mortgage Basics
 Mortgage Categories
 Mortgage Insurance

More Information
 What's the Best Rate for Me?
 Adjustable Rate Mortgages (ARMs)
 Understanding APR
 Shop for Value

Glossary of Terms

Years ago when homebuyers needed money, the decision process was very simple. They went to the bank and got a mortgage much like getting a car loan.

Today, however, many more options are available to borrowers. Borrowers who desire simplicity above all else can choose a lender with leading-edge technology and select a simple loan, eliminating the need for an extended decision-making process. Most borrowers, however, are willing to spend a little extra time and effort to ensure they find the best "deal."

Unfortunately, many borrowers assume the best "deal" is the lowest rate. While rate is important, it's one of many variables that should be carefully considered. Other factors can be far more costly (or provide far more savings) than a minor variance in rate.

For example, selecting a fixed rate when a balloon or an adjustable rate mortgage is warranted can be a very expensive mistake.

Choosing the wrong rate within the range of available rates can also be costly.
(See What's the Best Rate for Me?)

Other expensive mistakes include:

Succinctly stated, the best value is the lowest overall cost. A seemingly endless number of variables affect the bottom line, and it's easy to overlook a "great" option in favor of a "good" option. Limited options and a lack of current information typically result in higher overall costs. What you don't know can be expensive. Be sure you insist on a quality lender with a competent, informed Loan Originator that provides you with the information and assistance necessary to arrive at the best decision. We pride ourselves on providing you with both.


Home  |   Apply Online!  |   MLS Home Scouting  |   Mortgage Programs  |   Resources & Tools  |   News  |   Fan Page  |   Contact Us  |   Blog  |   Testimonials  |   Mortgage Categories  |   Getting Settled  |   Home/Personal Services  |   Mortgage Insurance  |   Awards and Affiliations  |   Meet The Team  |   Professional Services  |   Photo Gallery  |   Mr & Mrs Mortgage
Copyright © Deanna Valeo
Privacy policy   Terms of use   Site Map
Bookmark and Share
Blog Mortgage Programs 12 Reasons to use a Realtor Signup for Weekly Email Deanna Valeo Blog Feed ValeoCroy on FaceBook ValeoCroy on Twitter Linked In ActiveRain Trulia