I don’t know about you, but when I start the process of buying anything of value, something I want to last, whether it’s a new pair of hiking shoes or a new mattress I start by doing my research.

When it comes to bigger items along with my research, I add reviews and opinions of individuals and experts in that particular field into the mix.  I feel like this process makes me a smart consumer.

Buying a home is one of the most important financial decisions and purchases you’ll make.  When making a big financial decision, it’s a good idea to shop around and compare offers to find the best deal.

So, even if you’ve been pre-approved for a mortgage, you can gain a better understanding of what’s available to you by getting a second opinion on your pre-approval.

And shopping around will not affect your credit report negatively as you are given a 14-day window to obtain additional opinions.

Having options in your back pocket can prove to your advantage.  According to the Consumer Finance Protection Bureau, borrowers who don’t seek a second opinion end up paying about 0.5% more in closing costs and have interest rates that are 0.375% higher.

You want to be sure your lender is asking all of the right questions to help you attain the best loan:

• Should you decrease your down payment and use your cash to pay off your high credit card debts?
• Should you consider paying for points or loan origination fees?
• Will a no closing cost mortgage make more sense for you?
• What is your best loan type, an adjustable-rate or a fixed-rate mortgage?

If you have questions on financing your new home we can help you weigh all of your options.

The Certo Team
55 N. Arizona Place Suite #103
Chandler, AZ 85225
602-429-6789