MORTGAGE TIP OF THE WEEK

The Mortgage Tip of the Week is brought to you by

Northern Credit Union

Mortgages are a significant financial commitment and understanding various aspects of the mortgage process can help buyers make informed decisions! The Mortgage Tip of The Week is concise, informative, and provides new tips or insights each week into different aspects of mortgages leading to better financial choices!

This Mortgage Tip is brought to you by the Jefferson Lewis Board of REALTORS® and Northern Credit Union. Last week, I compared Seller agents and Buyer agents. A Seller’s agent is the one who lists and markets the property. They owe loyalty and other duties to the Seller. Hi, I am Lance Evans from the Jefferson-Lewis Board of REALTORS®. Buyers may wonder why they need a buyer’s agent when there is a Seller’s agent. One of the main reasons is that the Seller’s agent’s first duty and loyalty is to the seller. They cannot advise a buyer on an offering price, negotiate on behalf of the buyer, nor work in the buyer’s best interests. A Buyer’s agent can do that and more. A Buyer’s agent coordinates details like inspections and mortgage commitment and acts as a liaison to all the parties to the sale. In short, the Buyer’s agent will help the buyer from first showing to closing. A Buyer’s agent will help you Dream It, Live It, Own It in Northern New York. This Mortgage Tip is brought to you by Northern Credit Union. If you are building, buying or refinancing, we offer meet or beat rates, guaranteed!