So you made the big decision. You decided that renting is not for you any longer and decided to become a homeowner.
Ahh the possibilities...No more landlords. No more throwing money away. Say hello to BBQ in the back yard, house parties and many other advantages to realizing the American dream.
But before you enjoy all of that, and unless you saved up enough money to pay cash for your slice of real estate, You'll need to meet with a lender or mortgage broker.

See, what few people know is your lender or broker is NOT you adviser. It is literally impossible for your mortgage broker to look out for your best interest and still make a living.

My name is Mehdi Cherkaoui and I operate BrokerPolice.com.

A lot of my clients are first or second time home buyers. They are like most Americans fairly oblivious to what rate they qualify for, what closing costs they should pay and what program they should opt for etc...

The recent mortgage mess has been partly caused by the combination of greedy brokers and not-so-knowledgeable borrowers.
These brokers pushed for programs that only benefit the size of their pockets.



I have seen good faith estimates emailed to me by brokerpolice.com members that boggle my mind. They contain sky high origination fees, points and broker fees....In addition to inflated interest rates and down right criminal mortgage terms.

It is crucial to do enough homework and seek professional help like mortgage consultation services that can steer you towards the right mortgage.

Good mortgage products are still out there. As a matter of fact FHA has made it even easier than before to obtain a great mortgage. FHA basically picked up where subprime lenders left off only with much much better interest rates and mortgage programs.

So once again do enough homework get the best mortgage consultation you can, interview mortgage brokers, ask for a good faith estimate and seek help from a mortgage watchdog especially if you are a first time home buyer. You'll save thousands on your next mortgage.

Please visit us at www.brokerpolice.com for more.
Good luck.