You Are Entitled To A Second Opinion, Even If You Have Already Been Pre-Approved For Your Mortgage!

Imagine you have just went to the Doctor in Minneapolis, or the Mayo Clinic in Rochester and found out that you have to have surgery on your knee and the procedure will be pretty extensive! Most people just won't take the doctors word any more. They seek out another doctor for a second opinion.

That's the way it should be with your home loans and mortgage too! If you have already been pre-approved or pre-qualified for a mortgage on your next home, are you absolutely sure you are getting the best service and the best deal? This is especially important if your Realtor had you talk to their own mortgage company, or you only talked to your bank.

I'm not talking about interest rates either!

I'm talking about the structure of the deal itself! Donald Trump, in his book called The Art of the Deal said, The price that you pay is the least of his worries in a transaction. Its how the deal is structured is what matters most. You could have been quoted a wonderful interest rate, but if your financial house is not in order, the best interest rate could be absolutely the worst loan for you.

I'm not saying that interest rates are NOT important, they are! But, here are some of the things you need to consider and why you need a second opinion from me:

• You shopped closing costs, you shopped interest rates, BUT DID YOU SHOP MORTGAGE INSURANCE?
• Should you decrease your down payment and use your cash to pay off your high credit card debts?
• Should you pay points or loan origination fees?
• Does a no-cost mortgage make more sense for you?
• Are you better off with an adjustable rate or a fixed rate?
• and did your lender show you how to save thousands of dollars and take 5 years off the mortgage term?

If they did not talk to you about any of these issues then you definitely need a Second Opinion.

It wont hurt to see if your mortgage has been structured correctly. You have everything to gain and nothing to lose. You can simply walk away knowing that your lender has done a good job for you. Or, you will find out that they haven't. Either way, you win, so be sure to get a second opinion from a local qualified and licensed Loan Officer.

Buying in MN or WI? Check out Mortgages Unlimited.