Top 4 Mortgage Mistakes To Avoid

[bobbyreyes]

There’s more to getting a mortgage than presuming the big bank is giving you a financial product best designed to suit your lifestyle needs and subsequently signing on the dotted line. it is important to avoid some of these common mistakes: Full post.

Please add your suggestions to avoid mortgage mistakes.

[Dan in Canada]

One of the biggest mistakes people make is buying mortgage insurance. In most cases it doesn't give adequate coverage in case something happens and it can significantly add to the monthly costs. Better to stick with life insurance than mortgage insurance. Banks dont agree because they make big profits off the mortgage products (insurance) but it's true

[FLA]

Thanks.