The Clark Howard Podcast

04.24.23 Two Mortgage Warnings / Clark’s NEVER NEVER Advance Deposit Rule

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One of the biggest financial decisions in life is the purchase of a home. Clark has warnings about 2 trends that can be perilous in the long run for home buyers. Also on today’s episode, the recent shuttering of David’s Bridal stores points to a bigger concern: How to handle making an advance deposit on a future purchase. Clark has an important “NEVER NEVER NEVER NOT EVER” rule, to protect your money. 

  • 2 Mortgage Warnings: Segment 1
  • Ask Clark: Segment 2
  • Advance Deposit Rule: Segment 3
  • Ask Clark: Segment 4


    • Mentioned on the show

    • Feds expand 40-year mortgage eligibility. Experts say it could lead to more.
    • NYT - Retired and Buying a Starter Home. It’s Forever.
    • Banks Are Closing Customer Accounts, With Little Explanation
    • How Many Credit Cards Should I Have?
    • Capital One now rejecting transactions from Affirm, Afterpay and more
    • WSJ: David’s Bridal Will Close All Stores in Chapter 11 Unless Buyer Emerges
    • Do Not Give Your Social Security Number at These Places
    • NYT - Shifting Norms on Tattoos in Japan
    • Clark.com - Streaming TV  -  Live TV Streaming Channel Tool


      Clark.com resources

      • Episode transcripts
      • Community.Clark.com
      • Clark.com daily money newsletter
      • Consumer Action Center Free Helpline: 636-492-5275


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