Borrowers encounter a torrent of words when applying for a mortgage. Some of them - the ones their loan officers say to them - can help them avoid headaches down the road.
The mortgage application process can be nerve-wracking, or it can go smoothly, depending on the relationship between the borrower and the lending officer. Tish Bonner, a mortgage officer with our funding partner, Gateway Funding Diversified Mortgage, has seen borrowers make mistakes that cost them time, money and peace of mind in spite of her best efforts. In this series of articles on the mortgage process, Bonner addresses several common mistakes applicants make, starting with this one:
Not paying close attention to what your loan officer tells you.
Buying a home for the…