|
Loan Program Fit
Why your neighbor's loan might not work for you
One of the biggest mistakes I see is borrowers picking a loan program because it worked for someone else—their neighbor, a friend, a family member. But what's right depends on your specific situation: how long you plan to stay in the home, what your budget looks like month to month, how much risk you're comfortable with, and where rates are today. A program that saves one person money might cost another person more. That's why I always ask questions first—about your timeline, your finances, your goals—before recommending anything. There's no one-size-fits-all answer in lending. If you've been told to go a certain direction without being asked much about your situation, that's worth a second conversation. Let's talk about which loan program actually makes sense for where you are right now.
|