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THE SITUATION: A real estate agent referred a couple buying a new home. With mortgage rates rising fast, they were laser-focused on one thing: keeping their monthly payment under $3,500.
THE PROBLEM: They were already at the top of their budget, and their stress had narrowed their view—rate, rate, rate.
THE TRUTH: They shopped aggressively for the lowest rate. I explained why that strategy rarely works: rates fluctuate daily, and a quote today may mean nothing tomorrow. While my rates were competitive with the other quotes they were receiving, I also advised against locking yet due to timing and title complications. However, another loan officer was telling them what they wanted to hear—and they took the bait.
THE COST: Months later, the agent circled back. These borrowers closed on their home—but not before their rate lock expired. To keep the rate, they had to pay over $10,000 in extension fees; Fees they didn’t expect, didn’t budget for, and weren’t warned about until the 11th hour!
THE REAL LESSON: Getting a mortgage isn’t like buying a box of cereal. Sure, the money is a commodity—but the advice isn’t! Good guidance can save you thousands and prevent gut-wrenching surprises.
When it comes to one of the biggest financial decisions of your life, work with a Certified Mortgage Planning Specialist® with a three-decade track record, instead of a smooth talking bank salesperson chasing a commission..
Let’s talk BEFORE you fall in love with a house—so your mortgage fits your budget and lifestyle, not just your moment of excitement.
Ready to get started? Call me today to schedule a consultation. Let’s make sure your next mortgage works FOR you—not against you.
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