1. How can I find the best mortgage loan?

    Reader Question: How can I find the best mortgage loan? Monty’s Answer: I answered this question several years ago, but it bears repeating. Comparing the cost of mortgage loans is a challenge for most mortgage shoppers. Do this before you look for your home. The most helpful lender may also have the best pre-approval letter. […]

  2. Do I need a mortgage if I'm downsizing?

    Reader ​Question: Monty, our current home, valued at $700,000+ has no mortgage, and we plan to purchase a replacement home for $650,000 or less. Because we are retired and our income is only $72,000, we do not qualify for a mortgage. We have failed to find a source for a ‘bridge loan.’ We do have […]

  3. What should I know about a mortgage?

    Find the money first Shopping at a price point over your maximum loan qualification is just one reason the importance of mortgage pre-approval is not taken for granted. Critical first step Even before you start looking for a home, have a mortgage loan officer pre-approve you. It is a critical first step. Here are the […]