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A word to the wise...Understand Your Mortgage

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Blog by Judith Clausen

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A word to the wise...Understand Your Mortgage

Posted at Denver Real Estate Blogspot by Judith Clausen

Sep. 7, 2007

Categorized in: Mortgage Thoughts

Tagged with: buying a house, denver market, mortgage, mortgage pitfalls

An article in today's Realty Times makes it plain. Know what you're signing at the closing table. No -- get that mortgage broker/banker/lender to tell you in plain English what "negative amortization" means and whether your loan has any. And do it as soon as they tell you about the wondrous features of the loan you're about to get saddled with. And always remember, if it sounds too good to be true, it probably is.

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