
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
.
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: 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
.
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: 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
.
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.
.
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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FHA 203(h) Mortgage: ✅ Disaster Relief Home Loans Made Simple
Rebuild After the Storm 🏡 – How FHA 203(h) Loans Help Disaster Victims Start Fresh
When disaster strikes, rebuilding your home and life can feel overwhelming. The FHA 203(h) loan program was created to make that process easier for individuals and families whose homes were destroyed or damaged in a federally declared disaster.
Unlike traditional loans, FHA 203(h) mortgages offer 100% financing, meaning you can buy or rebuild a home with no down payment required. This program is designed specifically for disaster-affected homeowners and renters looking to rebuild or relocate after events like hurricanes, floods, or wildfires.
To qualify, you must:
·Live in a federally declared disaster area verified by FEMA.
·Have lost your home or sustained significant damage.
·Apply for financing within one year of the disaster declaration.
This program is open to both homeowners and renters, giving everyone a fair chance to restore stability through homeownership.
·No down payment required — 100% financing available.
·Flexible credit requirements for easier qualification.
·Can be combined with FHA 203(k) for home renovation.
·Competitive interest rates and low closing costs.
·Rebuild or buy a new home in a safe area of your choice.
The FHA 203(h) loan empowers families to recover quickly without waiting for insurance payouts or personal savings to rebuild.
At Medallion Funds, we specialize in helping homeowners navigate FHA programs, including 203(h) disaster recovery loans. Our team ensures a smooth application process, verifies eligibility, and coordinates with FEMA-declared zones to confirm qualification.
Whether your goal is to rebuild your existing property or purchase a new one, we’re here to help you start fresh with confidence and compassion.
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© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory

Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....

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