after the credit bureau has corrected the error. You just might get a better interest rate with your correct report.

Some banks, but not all banks, offer a cancellation option that allows a borrower to cancel the loan appli

You’ve just found your California dream home. Congratulations! Before you sign on the dotted line, you should be well-informed and comfortable with the mortgage loan you are accepting. First, carefully read every page of the loan paperwork. Check for errors and typos. Make sure that the terms you and the loan officer have agreed upon are clearly written on the paperwork. Never rely on verbal assurances, and be sure that you understand all the obligations you’re agreeing to in the contract. Also, have a third party, preferably one with knowledge of real estate and mortgages, read the forms before you sign.

The law allows you to ask the lender to notify you of your credit score and the key factors affecting your credit score. Obtain a copy of your credit report to make sure that it accurately reflects your credit history. If you find a mistake on your credit report, don’t sign the mortgage until after the credit bureau has corrected the error. You just might get a better interest rate with your correct report.

Some banks, but not all banks, offer a cancellation option that allows a borrower to cancel the loan appli

oan paperwork. Check for errors and typos. Make sure that the terms you and the loan officer have agreed upon are clearly written on the paperwork. Never rely on verbal assurances, and be sure that you understand all the obligations you’re agreeing to in the contract. Also, have a third party, preferably one with knowledge of real estate and mortgages, read the forms before you sign.

The law allows you to ask the lender to notify you of your credit score and the key factors affecting your credit score. Obtain a copy of your credit report to make sure that it accurately reflects your credit history. If you find a mistake on your credit report, don’t sign the mortgage until after the credit bureau has corrected the error. You just might get a better interest rate with your correct report.

Some banks, but not all banks, offer a cancellation option that allows a borrower to cancel the loan appli

ons you’re agreeing to in the contract. Also, have a third party, preferably one with knowledge of real estate and mortgages, read the forms before you sign.

The law allows you to ask the lender to notify you of your credit score and the key factors affecting your credit score. Obtain a copy of your credit report to make sure that it accurately reflects your credit history. If you find a mistake on your credit report, don’t sign the mortgage until after the credit bureau has corrected the error. You just might get a better interest rate with your correct report.

Some banks, but not all banks, offer a cancellation option that allows a borrower to cancel the loan appli

score and the key factors affecting your credit score. Obtain a copy of your credit report to make sure that it accurately reflects your credit history. If you find a mistake on your credit report, don’t sign the mortgage until after the credit bureau has corrected the error. You just might get a better interest rate with your correct report.

Some banks, but not all banks, offer a cancellation option that allows a borrower to cancel the loan appli

after the credit bureau has corrected the error. You just might get a better interest rate with your correct report.

Some banks, but not all banks, offer a cancellation option that allows a borrower to cancel the loan application within three days of signing. Find out if your lender offers this option and if there is a cancellation fee associated with it.

So, now you’ve read the forms, checked for typos, reviewed your credit history, and have clarified any words or phrases you didn’t understand. Sign that mortgage agreement, and congratulations on your new California home!