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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📈 Houston Weekly Realtor Market Update 🏠 | Mortgage Trends You Need to Know
📈 Houston Weekly Realtor Market Update 🏠 | Mortgage Trends You Need to Know
🏡 Market Moves This Week 📊 | Fast Real Estate + Mortgage Highlights
📅 Weekly Realtor Market Update (Short Form)
Your Go-To Snapshot for Real Estate & Mortgage News
If you're a real estate agent, builder, or loan partner looking to stay ahead of the curve, our Weekly Realtor Market Update is your new best friend. Each week, we’ll drop the most important highlights affecting your transactions—quick, relevant, and tailored for Houston-area pros.
🏠 This Week’s Quick Hits:
✅ Interest Rates: Rates are holding steady around 6.625% for conventional 30-year loans. FHA and VA rates remain competitive, offering first-time buyers a chance to lock in before potential Q3 hikes.
✅ Market Activity: Listings in Katy, Fulshear, and Cypress saw a 4.2% uptick compared to last week. Inventory remains tight in the under-$400K segment, while luxury listings ($700K+) are sitting longer—presenting negotiation opportunities.
✅ Financing Strategy Tip: 2-1 buydowns and seller concessions are back in style. Agents are closing faster by pairing pre-approvals with creative financing offers.
✅ Loan of the Week: We helped a local investor close on a 4-unit DSCR loan with 15% down—no income docs required. Cash flow was king. 🏦
✅ Pro Referral Reminder: Need a broker who moves fast and closes deals on time? Let’s team up to protect your client relationships and your paycheck.
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