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Real Estate Tips
Financing Your Home >The Mortgage Shop

The most important thing to look for when you are shopping for a mortgage is the interest rate, right? Not necessarily. There are many other factors to consider, including the lender's charges for making the loan, the terms under which the loan will be approved, and the lender's reputation for timely completion of loan applications to meet purchase agreement deadlines.

When real estate agents are involved in sales transactions, they don't tell buyers which mortgage companies to use. They can provide the names of established lenders in the area who have provided good service to their customers. They can give general information about the different mortgage options that are available today. Using a low interest rate as the main criteria for choosing a mortgage could cost you money--and perhaps the home you want--if the company cannot deliver on its promises.

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Real Estate Trivia
Q 
In what area of the United States did the price of existing homes increase most dramatically in 2005?

A 
Phoenix, Arizona real estate recorded a 55.2 percent increase in home prices during 2005.
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John Campobasso, REALTOR®, real estate agent and broker for Arlington Heights, Mount Prospect and Des Plaines, Illinois home listings, property and land for sale

John Campobasso
Keller Williams Team Realty

800 E Northwest Hwy
Palatine, IL 60074
888-221-7653
Fax: 847-241-2225
info@kwnwonline.com

John Campobasso - Real Estate Agent John Campobasso - Broker at Keller Williams Team Realty


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