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5 Tips for Shopping for a Mortgage

Posted in Mortgage Info by Karen Rhodes on August 7th, 2009

On July 29, 2009, the Federal Reserve Board issued a new one-page publication, “5 Tips for Shopping for a Mortgage,” to help consumers find the mortgage that is best for them. The five tips, each of which includes more detailed advice and helpful links, are:

  1. Know what you can afford.
  2. Shop around – compare loans from lenders and brokers.
  3. Understand loan prices and fees.
  4. Know the risks and benefits of loan options.
  5. Get advice from trusted sources.

Sound advice!!

1 Comment »

  1. New Mortgage Info » Blog Archive » Chattanooga Tennessee Homes for Sale – Chattanooga Tennessee Real … said,

    August 7, 2009 @ 6:29 pm

    [...] Karen Rhodes wrote an interesting post today onChattanooga Tennessee Homes for Sale – Chattanooga Tennessee Real <b>…</b>Here’s a quick excerpt [...]

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