As a real estate agent, one of the most important services I offer my clients is helping them navigate the often-confusing world of mortgage lending. Choosing the right lender can make or break a transaction—and the process starts before you find the perfect home. Here's what you need to know to shop smart and avoid surprises.

When you buy a house, you know the price of the house and the percentage you plan to put down, but what about additional costs? How much money will you actually have to bring to the closing table? The answer can vary depending on many factors. For example, sometimes a seller will pay for a portion or all of a buyer’s closing costs. Regardless of who covers the expense, it’s important to know what’s being paid. 

Private mortgage insurance is required by most lenders if you put less than 20% down on your home. Many people have an aversion to this extra cost, but you shouldn’t be scared of PMI!