Mortgage Do's And Don'ts
Mortgages can be tricky, and it's easy to make mistakes that can end up costing you dearly. That's why we've put together this list of Mortgage Do's and Do not's to help you navigate the process with ease - and a little bit of humor.
DO: Shop around for the best mortgage rates
DON'T: Assume your bank will give you the best rate just because you have a checking account there. Remember, loyalty is a two-way street.
DO: Have a budget in mind
DON'T: Get in over your head. Just because you can technically afford a million-dollar mansion doesn't mean you should buy one. You don't want to be house-poor and unable to afford groceries.
DO: Get pre-approved before house-hunting
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DON'T: Assume you'll be approved for a mortgage just because you have good credit. Pre-approval is important because it gives you a better idea of how much house you can afford and shows sellers that you're serious.
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DO: Consider your future plans
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DON'T: Assume you'll live in your new house forever. Life happens, and you may need to sell sooner than you think. Make sure you're not getting into a mortgage that you can't realistically afford if you need to move in a few years.
DO: Get pre-approved before house-hunting
.
DON'T: Assume you'll be approved for a mortgage just because you have good credit. Pre-approval is important because it gives you a better idea of how much house you can afford and shows sellers that you're serious.
.
DO: Consider your future plans
.
DON'T: Assume you'll live in your new house forever. Life happens, and you may need to sell sooner than you think. Make sure you're not getting into a mortgage that you can't realistically afford if you need to move in a few years.
DO: Read the fine print
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DON'T: Sign on the dotted line without reading the terms and conditions. There may be hidden fees or clauses that could come back to haunt you later.
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DO: Be prepared for unexpected expenses
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DON'T: Assume everything will go smoothly. There may be unforeseen expenses, like a leaky roof or a broken furnace, that can quickly drain your savings. Be sure to budget for these types of surprises.
DO: Read the fine print
.
DON'T: Sign on the dotted line without reading the terms and conditions. There may be hidden fees or clauses that could come back to haunt you later.
.
DO: Be prepared for unexpected expenses
.
DON'T: Assume everything will go smoothly. There may be unforeseen expenses, like a leaky roof or a broken furnace, that can quickly drain your savings. Be sure to budget for these types of surprises.
DO: Have a good sense of humor
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DON'T: Take everything too seriously. Yes, buying a house and getting a mortgage can be stressful, but try to find the humor in the situation. After all, laughter is the best medicine for a stressful day.
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By following these Mortgage Do's and Do not's, you'll be well on your way to successfully navigating the mortgage process - with a smile on your face. Good luck, and happy house hunting!
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💰 How Mortgage Brokers Can Use SEO to Find More Clients Online 🌎
💰 How Mortgage Brokers Can Use SEO to Find More Clients Online 🌎
💼 Attract Doctors, Investors & Builders with Smart SEO Tactics 👨⚕️👷♂️
📈 SEO for Mortgage Brokers: How to Get More Qualified Leads Online
Let’s face it—Google is your new business partner. Whether you’re financing a doctor loan, a fix-and-flip, or a multifamily cash-out refinance, the clients you want are already searching. The question is: Will they find YOU?
If you’re running a mortgage brokerage like we do at Medallion Mortgage, here’s how SEO can work for you 24/7:
Why SEO Is a Game-Changer for Mortgage Pros:
Loan seekers often search before they call—you want to be their first click.
SEO gives you authority with investors, developers, and busy professionals.
It's cheaper (and more sustainable) than paid ads in the long run.
Winning Mortgage SEO Tactics:
✅ Build niche landing pages for doctor loans, construction loans, disaster loans, and investment financing
✅ Create blog content answering questions like “How do I get approved for a DSCR loan?”
✅ Add customer reviews to your site—Google eats those up
✅ Use YouTube SEO for video walkthroughs of your loan products
✅ Link back to your Google Business and YouTube channel for trust
Final Word:
SEO is the modern handshake. You introduce your services online, and if optimized well, the right clients come knocking.
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© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
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