I ran through 4 of the top local banks in a week and tasked the financial reps. to offer me their best mortgage package for my apartment.
It was totally a walk in affair and no pre-call booking was required.
So I sat thru' each and every section, going thru' all the terms and conditions, the perks they offer, the premium rate, the repayment terms etc etc etc...... I asked, double asked all questions I am confused with. I did not want anything unanswered. Afterall, I was the one taking it up and I would not take any chances or mistakes signing on the dotted line.
Well, I took all the info and booklets back home and did my own calculations again to match what they showed me on their laptops.
Called up a couple of old friends and checked with them on their mortgage loan package to see that everything was in order and ensured that I not miss out any details.
After careful consideration, I went back to the best deal I had and duly signed up !
Yup, 1 week of online research, checking with friends and meeting up 4 bank reps.
Never take things for granted as such a mortgage loan will take 10-20 years to repay.
And thanks to all my group buddies for their articles and inputs as I myself finally went through the mortgage. Phew !
