http://fsbo.fizber.com/2008/04/30/7-home-buying-traps/ hot online real estate trends and new FSBO techniques Mon, 30 Mar 2009 19:00:14 +0000 http://wordpress.org/?v=2.8.4 hourly 1 http://fsbo.fizber.com/2008/04/30/7-home-buying-traps/comment-page-1/#comment-4028 Paige Martin Thu, 01 May 2008 19:41:56 +0000 http://fsbo.fizber.com/2008/04/30/7-home-buying-traps/#comment-4028 A bigger pitfall than your real estate agent is often the mortgage broker who pushes mortgages that earn him or her a higher backended reward. Ask for full disclosure from the mortgage person as to what they are making to see who is having the best deal on your dime!! often they get money from you oas well as money from the lender. Also watch out for prepayment penalties which can cause you further woes if you decide or need to sell early in the mortgage. A bigger pitfall than your real estate agent is often the mortgage broker who pushes mortgages that earn him or her a higher backended reward. Ask for full disclosure from the mortgage person as to what they are making to see who is having the best deal on your dime!! often they get money from you oas well as money from the lender. Also watch out for prepayment penalties which can cause you further woes if you decide or need to sell early in the mortgage.

]]> http://fsbo.fizber.com/2008/04/30/7-home-buying-traps/comment-page-1/#comment-3945 loan » Blog Archive » 7 home-buying traps Thu, 01 May 2008 04:02:23 +0000 http://fsbo.fizber.com/2008/04/30/7-home-buying-traps/#comment-3945 [...] Matthew J Blum wrote an interesting post today onHere’s a quick excerptThe other problem if you opt for one of the exotic mortgages is that you may not be building any equity in your home. If prices drop, you may owe more on your house than it’s worth, which is going to make refinancing pretty tough unless … [...] [...] Matthew J Blum wrote an interesting post today onHere’s a quick excerptThe other problem if you opt for one of the exotic mortgages is that you may not be building any equity in your home. If prices drop, you may owe more on your house than it’s worth, which is going to make refinancing pretty tough unless … [...]

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