October 20th, 2010 9:56 AM by Eric Fang
I am not just a mortgage originator. I help my clients to make some decisions as well.
Talked to my alumni friend yesterday about what kind of loan program he should choose. I just want to share with you what we talked about.
1)The best investment is your family, your career and your health. Don't spend too much time on mortgages. The 0.125% lower rate can only save you $40 to $50 bucks. Focus moreon more important stuff. I did refi only twice for the last 6 years. And I focus on my business, my blog, my clients, etc.
2)Think about the future. When you choose a loan program, just think about what if the rategoes up after 3 years. Will you stick to the house, the loan program etc?
3)For me, I will think about what I should do when the rate goes up and the business slower,etc.
You can do better if you can think a little bit more.