Confused About Mortgages

Posted on November 19, 2007 @ 8:27 am

Even though I do own a house, mortgages confuse me.  I know the reason is not that I am not smart enough to understand, rather I am just not familiar with mortgage loan terminology.  You can’t blame me for my lack of understanding – I am not a real estate investor, so I do not use it everyday.

There are just so many options when it comes to picking the right mortgage – it just doesn’t seem as easy as it used to be.  In the olden days, the only thing that you needed to watch for was the mortgage loan rate otherwise everything was pretty much standard.

Things have changed.

The last time I went to get a mortgage I had so many options I just about cried.  Thankfully my broker suggested a few good mortgage loans websites that explained everything I needed to know in English.

Now I don’t feel so bad, but I still feel a little confused – I will just make sure I ask enough questions and get the answers I need.

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