Homebuyer 101 Ep. 3: The Lowest Mortgage Estimate Might Cost You MORE

Buying a home? Don’t assume the lender showing the lowest closing costs is actually giving you the best deal. In Episode 3 of Homebuyer 101, we break down the truth about mortgage estimates and closing costs—including: 🏠 Why some estimates look cheaper than they really are 💰 Discount points and when they actually make sense 📊 How to calculate your break-even point 🤝 How seller-paid closing costs really work 💳 Application and credit report fees 📋 Why third-party fees and prepaid expenses can vary between estimates ⚠️ Why a lower estimate doesn’t always mean a lower final cost At Integrity Mortgage, we’d rather prepare you for the worst-case scenario and give you a good surprise at closing than make the numbers look great upfront and disappoint you later. Knowledge builds confidence, and confidence creates good decisions. Integrity Mortgage Corporation of Texas Helping Texas homebuyers since 1993. Integrity Mortgage Corp of Texas NMLS#257791 Chapters 0:00 Introduction 0:24 4 Buckets of Money 1:00 Difference in Loan Estimates 1:16 Bait and Switch 2:22 Under Promise and Over Deliver 3:09 What does a Lender Control? 3:47 Being At Closing 4:37 Should I Buy Points? 5:10 Should I Pay Application Fees or Credit Report Fees? 5:35 Working By Referral 6:05 Don't Choose the Pretties Estimate