Mortgage Monday - What to Know to Avoid Being Scammed | Episode 67

Summary Have you ever thought you had a good loan only to sit down to sign your closing documents and realized the fees or rate were significantly higher than you expected? That doesn’t happen by accident. It’s by design. In today’s show, David and Christian break down exactly how this happens, how you can avoid it, and how to read a loan estimate. This is definitely a show you won’t want to miss. If you’re listening on apple or Spotify, considering looking it up on YouTube where you can see the screen shared and follow along. Be sure to listen all the way to the end where two additional scams to rip off borrowers are shared. This episode is so good you’ll want to share it with others, download now! Chapters 00:00 Introduction to Loan Estimates 02:56 Understanding Loan Costs and Fees 05:54 Exploring VA Loans and Their Benefits 08:53 Breaking Down the Loan Estimate Structure 11:53 Closing Costs and Cash to Close Explained 15:14 Navigating Third-Party Fees and Charges 17:45 The Importance of Transparency in Lending 21:06 Understanding Escrow Accounts and Payments 24:12 The Role of Lender Credits and Rate Structures 27:09 Common Pitfalls in Mortgage Lending 29:53 Final Thoughts and Resources Follow David @DavidGreene DavidGreene24.comRealTalkRealEstate.com Podcast-The David Greene ShowSpotify, Apple Podcasts Book a session with David:[email protected] Ask a Question:DavidGreene24.com/askFind me on the “minnect” app Real Estate University:SpartanLeague.com Join my Free Newsletter:Davidgreene24.com/textletter Finance Your Real EstateTheOneBrokerage.comIntake@TheOneBrokerage@theonebrokerage Free TextletterDavidGreene24.com/join STR [email protected] Investor RetreatDavidGreene24.com/retreat