Brenda Alfano, guest blogger and mortgage expert, shares some interesting insight into the mortgage process and things to consider when shopping for a lender.
Happy 2015! Do you have goals for 2015? Is one of them to buy a home or perhaps to refinance a home? Does either of those goals make you want to run screaming the other direction because you have heard horror stories?
Let me be honest here, the mortgage process is not an easy one. However keep in mind, some financial institution is going to lend you thousands of dollars, they want all the bases covered. Yes, I know that was not the system before the housing crisis; it was easy peasey and very little hassle. Now remember where that put the economy. Hmm, yes, they are far more cautious now. We also had a terrorist attack on our country. That caused tremendous changes in many areas as we know, especially the financial arena, which is why we in the lending world have to ask for soooo much documentation. The bad apple syndrome in play.