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  Saturday, February 4, 2012
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Todd's blog

Mortgage Myths

Mortgages   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