Before You Sign That Loan...

Mortgage regulations have changed, and subtle mistakes can cost you thousands. If you're buying in Los Angeles, be sure to sidestep these six buyer pitfalls:

1. Not Getting Preapproved
Verbal approvals aren’t enough. Get written preapproval before you shop—it strengthens your offer and gives you clear buying power.

2. Ignoring Your Comfort Zone
Just because you qualify for a certain amount doesn’t mean you should spend it. Know the monthly payment you are comfortable with, not just what the bank says.

3. Choosing the Wrong Mortgage Type
Fixed vs. variable, 15-year vs. 30-year—it all depends on your income, job security, and long-term goals. Think ahead.

4. Overlooking Payment Flexibility
Prepayment privileges and accelerated payment options can shave years (and interest) off your mortgage. Ask about them.

5. Not Asking if It’s Portable or Assumable
A portable mortgage lets you transfer it when you buy again. An assumable one lets a future buyer take it over. Both can save you thousands.

6. Not Working with a Mortgage Expert
The right professional will guide you through options and find the best fit. It costs nothing to ask—and could save you big.

📞 Call to Action:

Buying a home in Los Angeles, California?
Call Allen Mansour at 818-324-6266 to make sure your mortgage works for you—not against you.