Wednesday, October 29, 2008

Who do you trust when shopping for a new Home Loan?

If you are JUST looking for a home loan then you are looking for a commodity and price is your only concern. Research prices and then have different companies compete by sharing their paperwork with one another. www.bankrate.com is a good site to begin with. You can get an estimate on what a mortgage in your area should run.

If, on the other hand, you are looking at increasing your overall net worth then you want to talk to a mortgage planner. They see the big picture and don't make you sacrifice your long-term wealth potential for their short-term commission. A mortgage planner will have you consider the asset and liability side of your books and treat a mortgage appropriately. If you need one let me know and I can make a suggestion. I've felt comfortable referring my clients to him in the past and he has done a good job.

Charles

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