Your "low" mortgage rate is a trap

1 year ago
2

Your low mortgage rate is costing you more than you think. We're talking tens of thousands of dollars. Most rookies to real estate assume that the lowest mortgage rate is what you should ALWAYS be chasing after. Not only is this wrong, but it could also cost a TON of money in the long run and leave you with fewer properties and less wealth but much more money in your lender's pocket.
But how can this be true!? Doesn't everyone want a low rate? Yes...and no. Here to explain when it makes sense to take a high mortgage rate are two of your favorite mortgage brokers, Christian Bachelder and David Greene. Both have seen
DOZENS of buyers fall into the low-rate trap, only to be forced to pay THOUSANDS more at closing for benefits that become useless in a year or two.
Want to know how to use higher rates to build your real estate portfolio faster? Stick around because no other lender will tell you this (seriously, try to find one).

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