The Borrowers Little Instruction Booklet

By Joe Shandy, Enchanted Mortgage

Dream big, but don’t buy dreams: If it sounds too good to be true, it is.

Be willing to spend a little, but not too little: If someone tells you it costs you nothing, your risking everything.

Have more than one basket (for your eggs): Don’t roll everything you have into your mortgage payment – leave some slack.

Invest in tomorrow without buying what you can’t see: Nothing stays the same – don’t risk your fortune (and houses do cost a fortune these days) on the market staying the way it is.

Go to the office, even if it comes to you: If your mortgage broker only works out of his car, get a second opinion. He might just be getting started, or he might be on his way somewhere else.

Have faith, but make sure it’s your own: There’s nothing wrong with sharing all kinds of things with your mortgage broker, but if he starts out crediting the Almighty before you’ve seen his fee, you’re making a mighty mistake.

Enjoy a personal presence, but make sure there’s more to it: These days, you want to take a close look at someone’s web site. It’s like an online statement of what they’re about. If they tell you ‘aw, I believe in doing things on a handshake, and first impressions’, you’ll want to look further. Likewise, if all they have is a web site, but getting them on the phone is impossible, what if there’s a problem?

Shop in your own size: You’ve heard that one size never fits all; in fact it fits no one. Don’t overcommit, succumb to pressure, or simply choose products from a list. If you aren’t sure of three reasons why the loan is a good fit, ask to see more options

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-- Joe Shandy