Mortgage Myths, Busted.

Barely, if you do it in a short window. Credit scoring models typically treat multiple mortgage inquiries within a focused period, often around 14 to 45 days, as a single inquiry. So comparing lenders won't tank your score. Shopping around is smart, and the small, temporary dip is usually well worth it.

Not always. Renting gives you flexibility, and over short time frames it can cost less than owning once you count up-front and selling costs. Owning builds equity over time, but only if you stay long enough. It's a trade-off, not a moral failing. The right call depends on your plans, not a slogan.

No. Plenty of buyers with average or rebuilding credit get mortgages every day. Different programs have different guidelines, and FHA can work with lower scores. As your loan officer, I match your credit to a lender whose rules fit. If yours needs work, I'll give you a clear plan instead of a flat no.

Not always. A 30-year loan keeps your payment lower and more flexible, which many buyers want. But a 15-year builds equity faster and can cost far less interest over time, if you can handle the higher payment. Neither is automatically right. It depends on your budget and goals, and I'll run both for you.

No. A low rate can come with high fees or points that erase the savings, which is why APR and closing costs matter too. The best deal is the lowest total cost for how long you'll keep the loan, not just the flashiest rate. Here's what actually affects your rate, so you don't get fooled by a headline number.

No. You're free to choose your own lender, and comparing is smart. Your agent's referral might be excellent, but it's your loan and your money on the line. Get a second look so you're deciding with real options in hand. The right fit for you matters more than any referral relationship.

No. A pre-qualification is a quick estimate based on what you tell me. A pre-approval is stronger because the lender verifies your credit, income, and assets, which sellers take more seriously. In a competitive market, a pre-approval can be the difference between your offer getting considered or skipped. Don't confuse the two.

Maybe, maybe not. Nobody can reliably predict rates, and trying to time the bottom can mean missing the home you want or facing more competition if rates fall. You can buy now and refinance later if rates drop. The better question is whether the payment fits your budget today. Let's run your real numbers.

Not necessarily. A bigger down payment lowers your loan and payment and can drop mortgage insurance, but draining your savings to do it is risky. Keeping a cushion for emergencies often matters more than a slightly smaller loan. The right amount balances a comfortable payment with money left in the bank. I'll help you find it.