Knowing “the lingo” is always key when doing anything of a financial nature. Be aware that deceptive mortgage advertisments in print media as well as offers that come through the mail will have phrases such as this:

  • “You’re eligible to take part in an exclusive interest rate reduction program”
  • “Very low payment amounts”
  • “Mortgage rates near 30 year lows”
  • “You’re paying too much!”
  • “Rates as low as 1%”

If you see any of these phrases, be extremely cautious. Check with your attorney, financial advisor or cleric to obtain contact information for a reputable lender. Visit my You Tube channel that you can find at to learn about shopping for a mortgage.