Chapter 7

Mortgage Quandaries, Conundrums, and Paperwork

In This Chapter

Tackling typical mortgage problems

Handling lower-than-expected appraisals

Completing mortgage forms

Understanding and selecting a mortgage (the subject of Chapter 6) isn’t all that difficult a project after you cut through the jargon and know how to think about your overall financial situation and goals.

Unfortunately, when you apply for a mortgage, obstacles may get in your way. In this chapter, we show you how to conquer these irritating and sometimes not-so-trivial challenges. We also answer your queries about other perplexing (and, in some cases, desirable) alternatives you may have.

In the last section of this chapter, we explain how to complete those dreaded mortgage application forms.