Posted in home

5 things that surprised me about getting a mortgage

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective.

I bought my first home this month. While getting a mortgage wasn’t my first time applying for a loan, it was my first time getting a mortgage. The process looked very different from other loans I’ve gotten over the years, and a lot of things about it surprised me.

While I had lots of help along the way, it was a little bit more challenging than I expected. Here’s what surprised me most throughout the process.

Mortgages require years of income and financial verification

I had no idea how much verification getting a mortgage would require. On everything from my income to my investing accounts, I was constantly looking for statements and

Read More
Continue Reading 5 things that surprised me about getting a mortgage