The B.S. Report
Knowing the Mortgage Game
Do you know all the rules in the mortgage game? Your bank does, and they always play to win. We are here to help! We know how the banks play the game, what the rules are, and even some tricks too. It is all about matching interest with risk. The lower the risk the lower the interest. So the question is… what can you do to look like less of a risk to get a better interest rate? Watch and we’ll tell you.
When it comes to applying for a mortgage, it requires that you follow a set of rules; because it can be a nerve racking process with a lot of moving parts; one slight misstep could be the difference between an approval or decline. So to make sure you get the financing you need here’s a few mortgage commandments to follow.
Look Under the Hood
When it comes to selecting a mortgage, “Rate” is always on the top of everyone’s mind, and that is because we all hate paying Interest. In this segment Brandon Scott, an Accredited Mortgage Professional, shares thoughts on why homeowners should look deeper when exploring mortgage options since there are many other features of a mortgage that have proven to be far MORE important.
Interest Rate Advertising
When shopping for a mortgage, it makes sense that you’d focus on the interest rate – it is the big number posted on some lenders websites, and you know it can make a huge impact on your mortgage! But the truth is that small differences in interest rates don’t make much of a difference when compared to some of the fine print which can actually cost you thousands of dollars more. In this segment, Brandon Scott shares what every homeowner needs to know when comparing advertised interest rates.