3 Common Mortgage Myths Answered
The process of getting a mortgage can be a complex and confusing one, and all the myths around mortgages certainly don’t make the process any easier. So, the question is, what are some of the most common mortgage myths? A recent article from realtor.com busted some of the most persistent myths around mortgages and the homebuying process, including: The lowest rate is always the best choice. Many buyers think that the mortgage with the lowest rate is automatically the best option. But that’s not always true; for example, if a loan has high origination fees or early payoff penalties, it might not be as solid of an option as a mortgage with a slightly higher…