Shopping for a mortgage loan can be a tiring and stressful experience - however, it need not be the big headache that many think it will be. The Federal Reserve has written a great handy guide with 5 key things for consumers to think about when shopping for a loan. After all, the government body which controls our money supply, ought to know how to advise us on managing our money! They identify 5 key points to consider: 1. Don’t take on more than you can handle - over stretching yourself financially is not a smart move, think long term and try to predict the unpredicable! 2. Shop around different lenders and brokers. 3. Understand all costs - If you are not sure what all the fees are for, then ask! If you have a great broker they will be willing to help. 4. Learn the benefits and risks involved with the product - Fixed rates are the norm these days, however adjustable rate mortgages (ARMS) work for alot of people. Understand what you are getting in to! 5. Ask for advice - Show family and friends the offer you have, talk with them and see what they think and if they have anyone they would personally recommend - their input could help save you thousands if they know of a better option for you! Getting the right team together to help you when looking for that perfect property involves having the right agent. Contact us today to work with an award winning team. Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs. Search all listings in Michigan with pictures and tours...Free! Kathy Toth & Team: Ann Arbor Area Real Estate Experts www.KathyToth.com Keller Williams Realty