How To Shop For A Mortgage

11/21/17 • 12 min

While you might think that the mortgage rate is the most important aspect of your loan shopping experience, there are several things to consider before jumping for the cheapest available. In this episode of Mortgage Secrets, John Downs of Downs Capital shares stories from his 17 years of experience in the mortgage lending industry to illustrate how numbers shouldn’t be the only deciding factor in your loan decision. Signing up for a mortgage is a hefty commitment that goes beyond a monthly payment. You’ll be starting a long-term relationship with a loan officer, so you’ll want to make sure you pick the right one. This episode dives into what makes a loan officer worthy of your business—and friendship.

Previous Episode

Building Wealth Through Home Ownership

What if we said that everything you’ve been told lately about how “buying a house is not an investment” wasn’t true? In this episode of Mortgage Secrets, John Downs of Downs Capital shares three real-life examples of ordinary people building wealth through real estate—and it all started with doing the numbers, taking a leap of faith, and buying that first property.

By taking that first step, you’re on the path to building equity over time, which you can use to expand your personal empire. Whether your hesitation is fueled by a low down payment or by wanting to buy in a seller’s market, John explains why it’s probably still a good idea to invest in property sooner rather than later. They say that time solves all problems in real estate, and this episode takes a look at how and why.

Next Episode

All About Mortgage Rates

Mortgage rates can be pretty confusing, particularly if you’re a first-time home buyer being overwhelmed with “lowest rates available.” It doesn’t seem to help that many lenders use misleading marketing tactics! Do you wonder how loan officers even come up with those numbers that make up your mortgage quote? In this episode of Mortgage Secrets, John Downs of Downs Capital breaks down what all goes into a mortgage loan rate, why the best available rate on a given day may not be as significant as you think, and how choosing the best loan product (like anything else in the home-buying process) really comes down to what your life goals are.