tag:blogger.com,1999:blog-9125665476719260381.post8468279247705875331..comments2023-05-18T04:29:51.574-07:00Comments on No Longer Posting Here: Visit -> WWW.THEDAILYRETORT.COM: Mortgage Basics: Introduction – Part 1Tor Constantinohttp://www.blogger.com/profile/14265331662661764814noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9125665476719260381.post-42490941944865778402010-06-18T19:06:58.966-07:002010-06-18T19:06:58.966-07:00Kelly, you're absolutely right - forewarned is...Kelly, you're absolutely right - forewarned is forearmed! The mortgage process is not borrower-friendly and there are so many pitfalls. I really wish I had this information when we bought our first home. My hope is that it might benefit someone. Check out the post for today re: rates, points and fees. I'm ashamed to say that I didn't know what "points" were when we first considered buying a home.Tor Constantinohttps://www.blogger.com/profile/14265331662661764814noreply@blogger.comtag:blogger.com,1999:blog-9125665476719260381.post-42933795869275306602010-06-17T14:30:28.664-07:002010-06-17T14:30:28.664-07:00Oh Tor, a subject close to my heart. We are ONE we...Oh Tor, a subject close to my heart. We are ONE week away from closing and the seller (a licensed realtor BTW) up and declared bankruptcy. She didn't tell anyone, even her realtor, until yesterday. It was out of NOWHERE! It looks like the house will go to bankruptcy court and her sister's family (who moved in last month) will continue to stay in what was supposed to be OUR house for FREE. <br /><br />You're giving great advice. There are so many details to this process and so much can happen that is out of your control, best to be as prepared as possible. <br /><br />On this particular subject, we almost went with a broker for our mortage, until we realized the process. The broker was just a middle man for us, an extra step. We preferred going through a mortgage lender directly.Kelly Shorthttps://www.blogger.com/profile/01782470876011589290noreply@blogger.com