The “Lowest Rate” Rip-Off and Mortgage Mistakes You MUST Avoid
Mortgage rip-offs are more common than you’d think. Whether a pushy loan officer is forcing you into putting twenty percent down, your friends are persuading you never to pay PMI (private mortgage insurance), or you’re breaking your back for a lower mortgage rate that’ll cost you tens of thousands at closing, mortgage mistakes are everywhere. The problem is you never know who is on your side and who’s using your mistakes to make money. But don’t worry; we’ve brought the pros to help!
Christian Bachelder and David Greene are SO committed to helping you make the most of your mortgage, Christian recorded this entire segment from a mortgage convention. If that isn’t dedication, what is? In this episode of Mortgage Monday, Christian and David will break down the four most prevalent mortgage myths that are costing you THOUSANDS at closing and how to break away to get more bang for your buck.
Have any other mortgage myths you’ve caught on to? Need an answer to a specific mortgage question? Let us know in the comments below!
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How to Buy a Rental Property with 5% Down (Sneaky Tactic):
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Stop! Before Making a Large Down Payment, Read This:
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0:00 Mortgage Myths That Cost You
01:49 1. You Need 20% Down
02:45 2. Never Pay PMI (Private Mortgage Insurance)
05:33 3. Go For the Lowest Rate Possible
09:43 4. 203(k) Loans Are Your Best Bet