04.24.23 Two Mortgage Warnings / Clark’s NEVER NEVER Advance Deposit Rule

One of the biggest financial decisions in life is the purchase of a home. Clark has warnings about 2 trends that can be perilous in the long run for home buyers. Also on today’s episode, the recent shuttering of David’s Bridal stores points to a bigger concern: How to handle making an advance deposit on a future purchase. Clark has an important “NEVER NEVER NEVER NOT EVER” rule, to protect your money.  2 Mortgage Warnings: Segment 1 Ask Clark: Segment 2 Advance Deposit Rule: Segment 3 Ask Clark: Segment 4 Mentioned on the show Feds expand 40-year mortgage eligibility. Experts say it could lead to more. NYT - Retired and Buying a Starter Home. It’s Forever. Banks Are Closing Customer Accounts, With Little Explanation How Many Credit Cards Should I Have? Capital One now rejecting transactions from Affirm, Afterpay and more WSJ: David’s Bridal Will Close All Stores in Chapter 11 Unless Buyer Emerges Do Not Give Your Social Security Number at These Places NYT - Shifting Norms on Tattoos in Japan Clark.com - Streaming TV  -  Live TV Streaming Channel Tool Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices