July 29th, 2014 8:03 PM by Regina Rickles, NMLS# 222362
All mortgages are different. Different borrowers mean the situations, loan types, amounts, down payments, and virtually every other detail of the loan are different and unique. However, there is one thing that virtually every loan has in common; Questions.
From the first time home buyer, to the couple that is refinancing a current home, or the individual who is using a reverse mortgage for retirement, every borrower has questions. For this reason you should never feel as though you are wrong for asking those questions. As your mortgage professional, it is our duty to ensure that you are fully comfortable with your mortgage and that it is tailored to suit your specific situation. Many times, borrowers feel as though they are supposed to already know how the home buying and financing process works. This is a common myth that couldn’t be further from the truth. The truth is, we are professionals who spend hours each week learning the ever changing laws, regulations, programs and monitoring rates. That is our job. Your job, as the borrower, is to provide us with information about your situation, and, you guessed it, ask questions! This is the only way your loan originator can provide you with the mortgage that will best suit your needs.
So the next time you are buying or refinancing, just remember… all you have to do is ask!