The happy path to securing a mortgage is, unfortunately, often accompanied by well-meaning advice that might not fit your situation. While the intentions behind such advice are good, it's essential to separate fact from fiction before making crucial decisions.
We're here to debunk some of the worst mortgage advice that often circulates.
Why you might hear this: Early stages of home shopping might seem premature for a mortgage commitment.
Why it's poor advice: Although not an official guarantee, a pre-approval can save you from future headaches. Pre-approval not only prevents heartbreak over unaffordable homes but also provides an edge in competitive markets.
Why you might hear this: Familiarity and convenience are often favored.
Why it's poor advice: Just as you shop for homes, shop for a mortgage professional. Looking beyond existing banking relationships could lead to more home financing options.
Why you might hear this: Mortgage paperwork can be overwhelming.
Why it's poor advice: Hidden clauses can lead to costly surprises. Take the time to carefully review every detail. Spending a bit more time upfront can save substantial headaches later.
Why you might hear this: Lower rates equate to lower payments.
Why it's poor advice: There are many nuances to consider with a home loan beyond the rate. Working with a reputable mortgage professional can explain all the details of each program you qualify for to help you make an informed decision.
Why you might hear this: More approved funds imply a better home and affordability.
Why it's poor advice: Having some wiggle room after your home purchase is critical. You want to have a safeguard against unforeseen circumstances plus have some extra for life's other expenses like kid's sports, hobbies, and traveling.
Remember, an informed decision today lays the foundation for a more secure and prosperous homeownership journey tomorrow. While the advice may flow freely, it's essential to assess each recommendation against your unique situation --and we're here to help you with just that. Reach out to us today for advice you can rely on.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS # 350660
Individual NMLS # 350371
Company DRE # 01445163
Individual DRE # 01170811 www.nmlsconsumeraccess.org
12340 Seal Beach Blvd #B-307
Seal Beach , California 90740
Phone: (562) 900-0051
California Capital Resources, Inc. strives to ensure that its services are accessible to people with disabilities. California Capital Resources, Inc. has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
California Capital Resources, Inc. makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows ccri4loans.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
California Capital Resources, Inc. accessibility menu can be enabled by clicking the accessibility menu icon that appears on the corner on the page. After triggering the accessibility menu, please wait a moment for the accessibility menu to load in its entirety.
California Capital Resources, Inc. continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on California Capital Resources, Inc. website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
If you are experiencing difficulty with any content on California Capital Resources, Inc. website or require assistance with any part of our site, please contact us during normal business hours as detailed below and we will be happy to assist.
If you wish to report an accessibility issue, have any questions or need assistance, please contact us by sending an email to: email@example.com