| Thinking of buying a home in California? There are | | | | save up that down payment and get a better deal. |
| many things to keep in mind when shopping for your | | | | Second, make sure you know exactly what you're |
| new home and almost all of them can affect the | | | | getting from your loan. Ask the lender for a Mortgage |
| mortgage offers you receive from banks. Planning | | | | Loan Disclosure Statement, sometimes called a Good |
| ahead and doing a little work can really pay off when | | | | Faith Estimate. These documents will tell you the cost |
| it's time to sign that mortgage loan form. | | | | of the loan. If using a mortgage broker, make sure they |
| Buying a home in California requires planning and | | | | are licensed and reputable. The State of California's |
| consideration. This should ideally start years before | | | | Department of Real Estate will help you check the |
| you begin searching for the perfect house. Save as | | | | mortgage broker's credentials. This takes only a few |
| much as you can for your down payment. The more | | | | minutes, and it could save you from making a very |
| you are able to put down, the lower your interest rate | | | | costly mistake. |
| will be, and the less you will have to borrow. "No | | | | Finally, make the mortgage payment a budgeting |
| Money Down" loans are often tempting, but try to | | | | priority. Make payments on time, all the time. When it |
| resist. Once you read about the high interest rates and | | | | comes time to refinance or buy a new home, you'll be |
| payments they require, you'll be glad you waited to | | | | glad you did. |