Look for the right heart The stakes couldn't be higher. You take on a mortgage loan with the potential to pay back double what you borrowed over 30 years. For example, on a $150,000 mortgage you could pay back another…
Two types of mortgage originators When you need a mortgage loan, you could end up with one of two types of mortgage originators to work with. Your most important mortgage choice is between a typical run-of-the-mill loan officer or a…
No favors from a typical run-of-the-mill loan officer The typical run-of-the-mill loan officer will quote you an interest rate and fees. Then you could choose what you think is the best option based on those numbers, proceed with the mortgage…
A Serious Operation Imagine you have just found out that you need to have a medical operation and the procedure will be pretty serious! It is good advice for you to seek out a second opinion, and many people do.…
As I mentioned under Mortgage Secret #2, mortgage loans are sold as a commodity. But there is so much more to consider when choosing a loan option than the interest rate and fees. Your decision can have long-term profound effects…
Mortgage loans are sold as a commodity these days. They promote the idea that a commodity, the product, is the same regardless of where you buy it, and all that makes one different than the next is the price. This…
Why is this true? Check my post, "How much interest do you really pay?" Even at a 4% interest rate, if you make the regular payments you will pay an extra 72% in interest over 30 years. That's like a…
Your single biggest category of expenses Did you know that taxes is the single biggest category of expenses that most people have? Yet most people can do little about the taxes they pay without some major changes in how they…
