Paul Sullivan’s Wealth Matters column this week is about the many ways that buyers can end up paying more than they should on their mortgages. The extra costs are often embedded in the mortgage documents — and sometimes, the mortgage rate itself.
Those most at risk of paying too much, the experts told Paul, are rushing to get the deal done. Sometimes, as was the case of one buyer Paul interviewed, the extra costs become clear so late in the process that it seems like too much trouble to start all over again.
If you have taken out a mortgage recently, tell us your tales. Did it all go smoothly, or did you find out about all kinds of unanticipated costs along the way?
Article source: http://bucks.blogs.nytimes.com/2013/01/18/tales-of-unexpected-mortgage-costs/?partner=rss&emc=rss
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