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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✝️ Faith, Integrity & Home Loans: Doing Mortgages with Purpose 🏡
✝️ Faith, Integrity & Home Loans: Doing Mortgages with Purpose 🏡
🙏 Purpose-Driven Lending: Faith, Trust & Mortgage Solutions 💸
✝️ Faith, Integrity & Finance: Why We Do Loans with Purpose
At Medallion Mortgage, our mission goes beyond interest rates and closing timelines. We believe every loan is more than just a transaction—it’s a stepping stone to someone’s future. Whether it’s a young couple buying their first home, a family recovering from hardship, or a doctor relocating to serve a new community, we approach lending with faith, integrity, and purpose.
In a world where financial services can often feel cold and impersonal, we’re committed to putting people first. That means asking the hard questions—“Is this the right loan for this borrower?” and “How can we create long-term value, not just short-term approvals?”
🏡 Lending with Purpose
Faith isn’t just a word we say on Sundays—it guides every decision we make. We believe our work can glorify God by serving others with compassion, transparency, and diligence.
Integrity is at the heart of our process. We don’t believe in cookie-cutter lending. Every client’s financial situation is unique, and our advice reflects that. No pressure. No hidden fees. Just honest, personalized mortgage guidance.
Purpose drives us to offer specialized programs for underserved communities—veterans, doctors, disaster-impacted families, and the self-employed. We also partner with Christian financial advisors and ministries to ensure our clients make wise, values-based financial decisions.
🔍 What It Means for You
When you work with us, you get:
· Loan options tailored to your values (not just your numbers)
· A team that listens, prays, and shows up—in business and life
· Creative, integrity-first solutions that keep your goals in focus
We believe the right home, with the right financing, can change everything. And we’re here to help make that happen—with purpose.
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