Would you subscribe to a magazine to help you understand your mortgage?
There’s a few property related magazines out there; if you were a first home buyer, would you use a magazine to help you learn about the mortgage process, property investing etc or would you do your research online?
Thanks for your answers so far. Here’s an add: what type of things do you need to look for online? Is it best to go through a mortgage broker, or to use online calculators and loan comparison tables to figure it out yourself?
If you can read you should be able to understand your mortgage they give you all the time you need when you are signing and should have negotiated the terms with you when you first talked to them.
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October 28th, 2009 at 8:20 pm
I think any magazine, in any field, is for power users. To learn about mortgages, ask your local savings and loan or bank’s loan officer. Do Not Go to a Mortgage Company.
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October 28th, 2009 at 8:43 pm
I have bought 2 houses without magazines. Just look at stuff online, thats all you need.
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October 28th, 2009 at 9:07 pm
I would buy it,not subsribe to it though.
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October 28th, 2009 at 9:42 pm
I’d skip the magazine. You can get info from a mortgage company (there’s no reason to avoid them), a bank, or a credit union if they do mortgage loans, as well as from realtors. I’ve looked at houses on-line but would get my loan info from the horses mouth.
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Home owner many times over.
October 28th, 2009 at 9:57 pm
There are lots of places to help you understand your mortgage. It is OK to read a magazine article but subscribing is overkill. Another good source of info is your local banker.There are a few first time buyer programs that require you to attend a few hours of continuing education as a provision of the loan. Also, ask as many questions as you can of the loan officer with whom you are applying. Don’t sign anything until you fully understand what you are signing.
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October 28th, 2009 at 10:29 pm
If you can read you should be able to understand your mortgage they give you all the time you need when you are signing and should have negotiated the terms with you when you first talked to them.
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October 28th, 2009 at 10:40 pm
No. I subscribe to a magazine to help me understand my computer, but a mortgage is different. I would need the mortgage info by a deadline before applying for one. Rather than waiting for the info I need to show up in a magazine, I would read articles online and buy a Mortgages for Dummies type book. Also, I’d go thru my back issues of Consumer Reports Money newsletter b/c they often have mortgage articles.
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