10 Steps to a

Painless Mortgage

There are several things you can do to make the mortgage process easier. Some of these things are fairly commonsense. Others, however, are inside banking secrets. Luckily, you have Peoples on your side. And at Peoples, we like to help our Guests traverse the ferocious mortgage seas safely and happily.

Follow These Steps for Smooth Sailing:

Pay off Outstanding Debt

First, break the habit of paying only the minimum required each month. Paying the minimum — usually 2% to 3% of the outstanding balance — only prolongs the process of applying for a mortgage. The longer you take to repay the charges, the more interest your creditors make, and the less viable your chances of having a smooth ride become.

Get a visual handle on where you are with your mortgage, home equity, auto, medical, student loan and credit card debt. List on each line the lender, balance, current interest rate, rate change date, final interest rate, minimum payment, monthly payment and due date. You can’t fix it until you face it.

Get to Know Your Bankers

If you don't know who you're doing business with, you can end up having the wool pulled over your eyes.

Call a Broker

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