Often times the most daunting part of buying a home is securing financing. Buyers, especially first time home buyers, can be very naive about mortgages and can often end up paying more than they should. This article does a great explaining how getting a good mortgage is about far more than the APR alone. Origination fees, points and other (potentially “junk”) fees can add up quickly and end up costing you thousands over the course of the loan.
The best way to avoid getting a less-than-ideal loan is to partner with your Realtor. I know several amazing lenders that I would be happy to put you in touch with. You will know when you have found a quality and reliable lender when they are willing to spend the time to answer all of your questions, explain the process and go line by line with you over all the fees and other loan associated costs. With the right lender and a little bit of knowledge on your side, getting a loan can be almost painless. 🙂