What you’ll learn on this episode:

• “A friend told me I shouldn’t buy a home unless I can put 20% down. Is this wise advice?” (2:58)
• “Can closing costs be higher at one lender and lower at another?” (5:53)
• “Do you recommend people shop around for better closing costs?” (7:23)
• “What are the difference between a mortgage loan from a broker and one from a bank?” (8:36)
• “What is mortgage insurance, how often do you have to pay it, can I avoid it?” (11:04)
• “What is the best type of loan out there?” (14:09)
• “What’s the difference between pre-approval and pre-qualification?” (16:57)

If you have questions about the mortgage process of buying a home or the ins and outs of refinancing, take advantage of our complimentary 15 minute mortgage consultation.

QUOTABLE MORTGAGE MOMENT: 

“There’s no guarantee that we’ll get a lower rate. But there’s a very high probability that rates will get better, it’s cyclical and the cycle of lower rates is very likely a little bit ahead of us.”