12 Things I Wish I’d Known Before I Tried Mortgage

1. **Credit Score Dynamics:** Understanding the importance of a good credit score is crucial. It heavily impacts interest rates and loan approval chances. Regularly check and maintain a good score.

2. **Down Payment Matters:** A higher down payment can lower your monthly mortgage and overall interest costs.

3. **Loan Types:** Researching different types of loans like fixed-rate or adjustable-rate can save future headaches.

4. **Hidden Costs:** Be aware of closing costs, property taxes, and insurance.

5. **Pre-Approval Process:** Helps in house-hunting confidently.

6. **Debt-to-Income Ratio:** Maintain low debt for better mortgage options.

7. **Mortgage Brokers:** They can simplify the process. Readmore