But unless you have the resources to pay all cash for your house, get used to your lender meddling pretty deeply into your life. Don't assume anything. Arm yourself with the knowledge necessary to answer the questions put to you correctly, and minimize the pitfalls before applying for the loan. Don't roll-over dead if you are denied on the first try. Most of all, keep your cool, a theme to which I return in many such articles.
All loans have problems.
Your attitude may make the difference. Diligent preparation and understanding begets a smooth and successful real estate transaction. Each Office is Independently Owned and Operated Equal Housing Opportunity. All rights reserved.