Todd's blog
Mortgage Myths
Sat, 10/03/2009 - 08:54 — ToddMortgages When I sit with new clients, and I ask them what their thoughts are for mortgages. More often than not, they say that they plan to get a 5 year fixed rate mortgage. At this point there are three key misconceptions or myths I'd like to dispel, as follows: MYTH 1: The best mortgage term is a 5 year fixed rate CLOSED. The 5 year fixed rate is one of the most popular mortgages and perhaps three quarters of my clients have this in mind when seeking pre-approval. The trouble with this



