mortagesandforeclosures

by Danny Brooks

If your reading this then I guess your looking for a Dallas Mortgage? Great. Dallas is a beautiful great city. There is a massive population of over 1.3 million people. Dallas is also the major commercial center for the entire metropolitan area, making it a very popular place to buy a home. In fact this metropolitan area is one of the biggest in the whole nation and with over 6 million people and growing it is the fasts growing too. The real estate market here is big and its only going to get bigger.

In general the real estate market for the entire United States was shocking. The only real exception to this was Texas. Now I know it didn't do great, but compared to the rest of the country it fared pretty well. The majority of the country saw a deprecation in prices of 20 and 30%! Texas on the other hand only had on average a price reduction of 3%, and this includes Dallas. Even it can be said that Dallas has been hit by the down turn in the housing market, but this year it is all turning around. Prices have started to level and we are seeing the bottom of the market.

Well if your in the market for a Dallas mortgage then this is great news, but you will need to be careful that you don't make any mistakes when getting your home mortgage. There are lots of ways to get caught out and if your not careful you could end up paying too much. Here are some things that can help;

1) Shop around: make sure you check every local lender you until you are CERTAIN that your getting the right price. Shop until you drop. Check on the internet, check in the local paper, check in your local bank. Once you know the full array of mortgage options available you can make an informed choice.

2) Your credit report: Understand this fully. I cannot stress this enough. You want to get pre-qualified for the mortgage loan of your dreams then make sure you have an outstanding credit score. Check not only one, but all three major credit reporting agencies. You never know which one your bank will use and this may very catch you off guard if you think you have a great report.

3) Set a budget: Set one and dont deviated from it. No one knows your fiances as well as you do. Make sure you know your limits. If a house is out of your price range then be prepared to pass on it and get another. The last thing you want is a huge mortgage loan that you cant meet the repayments on. The bank may foreclose on your house!

4) Be comfortable with you lender: Make sure you have no doubts that this lender is the one for you. If you feel pressured or unsure then wait, or choose someone else. Test their customer service skills. If they aren't willing to help you now what chance do you have later on once you have closed the loan?

I hope this guide helps you get the Dallas home mortgage you've been searching for. Follow some or all of these tips and I'm sure you'll do just fine. Just one last thing... remember that you are going to be stuck with this decision for a VERY long time. Make the right choice when choosing your Dallas mortgage

About the Author:

Dont get fed the wrong information. Make sure you get mortgage information specific to your city. Dallas mortgage loans will be very different to Baltimore mortgage loans, mostly because of the rate involved. Make sure you get up to date information for your city by visiting mortgagesandhomeloans.net.

Get all the information and photos:: http://mortgagewide.info/important-mortgage-loans-advice/