EPISODE · Apr 30, 2026 · 4 MIN
Why the Lowest Interest Rate Can Cost You | EP 16 (Originally Published 1-26-26)
from HomeBuying Made Easy · host Michael Dendy
You got quotes from three lenders. One of them is a quarter point lower than the others and you're ready to go with them. Stop. This episode might change your mind.Michael and Joshua break down one of the most expensive myths in mortgage lending: "the lowest rate is automatically the best deal." It's not always. Closing costs, lender fees, discount points, origination fees: all of that factors into what you're actually paying, and a lender with a slightly higher rate can absolutely be the better deal once you do the full math. Michael shows you how to actually compare loan offers so you're looking at the total picture, not just the headline number.This episode has saved people thousands of dollars. Listen to it before you make a decision. Subscribe to Home Buying Made Easy and never let a number fool you again.
What this episode covers
You got quotes from three lenders. One of them is a quarter point lower than the others and you're ready to go with them. Stop. This episode might change your mind.Michael and Joshua break down one of the most expensive myths in mortgage lending: "the lowest rate is automatically the best deal." It's not always. Closing costs, lender fees, discount points, origination fees: all of that factors into what you're actually paying, and a lender with a slightly higher rate can absolutely be the better deal once you do the full math. Michael shows you how to actually compare loan offers so you're looking at the total picture, not just the headline number.This episode has saved people thousands of dollars. Listen to it before you make a decision. Subscribe to Home Buying Made Easy and never let a number fool you again.
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Why the Lowest Interest Rate Can Cost You | EP 16 (Originally Published 1-26-26)
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