Mortgages can feel like a weird mix of paperwork, numbers, and “wait, what did I just agree to?”—but the truth is, a few small choices can have a big impact on your long-term financial health.
Whether you’re buying your first home or renewing for the fifth time, here are four of the most common mortgage mistakes I see (and how to totally sidestep them).
1. Only looking at the interest rate (and ignoring the fine print)
Yes, the rate matters. No, it’s not the only thing that matters.
The lowest rate might come with:
A huge penalty to break the mortgage
No ability to make extra payments
Restrictions on refinancing
Limited portability if you move
Instead of chasing the lowest number, aim for a mortgage that actually works for your lifestyle. One that fits your budget, your timeline, and your big-picture goals.
2. Choosing the wrong term length
That 5-year fixed? It’s not a one-size-fits-all.
Ask yourself:
Will you move in the next 3 years?
Planning to refinance for renovations?
Expecting big life changes (new job, growing family, downsizing)?
Shorter terms = more flexibility. Longer terms = more stability. Let’s figure out what makes sense for you right now—not just what’s popular.
3. Skipping the pre-approval step (and falling in love too fast)
Looking at houses before getting pre-approved is kind of like trying on wedding dresses before you're engaged.
Sure, it’s fun. But if you’re not ready to buy, it can lead to:
Heartbreak (you find the one… and can’t buy it)
Wasted time
Overspending (because you’re not clear on your limits)
A pre-approval gives you real numbers, real confidence, and a much smoother process when you're ready to jump.
4. Sticking with your bank out of habit
Look, I love loyalty—but not if it costs you thousands.
Your current lender might not offer the best rate or product anymore. (And spoiler alert: most don’t.) That’s why it’s worth comparing.
Working with a mortgage broker (like yours truly 😉) means I shop for you—from big banks to credit unions to alternative lenders—so you don’t have to.
Bonus: Not asking questions 🫣
There’s no such thing as a dumb mortgage question. Seriously.
I’d rather you ask me 47 questions in a row than feel unsure about one of the biggest financial commitments of your life. If you’re wondering about rates, penalties, prepayments, closing costs—ask. I’m here to make it make sense.
👉 Thinking about your next move? Let’s chat mortgages + MLS® today.