8 things I wish all home-buyers knew about mortgages
Most home purchases are done with the help of a mortgage. Here are some things I wish all home-buyers knew when purchasing: 1. An unconditional purchase agreement should not be signed without first obtaining a mortgage commitment from a lender. In writing. If the mortgage is not yet confirmed, make the agreement conditional on lending. 2. In most cases, the lender will ask the lawyer representing the home-buyer/ borrower to represent the lender, too. The home-buyer will need