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On this episode of The Loans Elevated Podcast, Broch speaks about paying up front costs to lower your mortgage payment – and why you shouldn’t! Broch shares some examples of these upfront sunken costs or fees as being discount fees to lower your rate and upfront mortgage insurance to eliminate that out of your monthly mortgage payments. Broch explains why these aren’t the best thing for you in the long run. Broch states that statistics show that every US home owner changes their mortgage every three to seven years and every US home owner moves their home every seven years. Broch talks about how these upfront costs are only valuable to you as long as you live in the home – if you move or change your mortgage all that money is gone. Broch has done the math for this episode and takes us through a great, real life example of why you shouldn’t pay fees to lower your mortgage payment.

🎙 Loans Elevated Podcast

Clear, strategic conversations on mortgages, real estate, and home financing — designed to help you make confident, informed decisions without the hype.

Hosted by Loans Elevated, presented by The Lassig Team at CrossCountry Mortgage.

🔗 Resources & links: https://lassigteam.com
📲 Follow us on Instagram & Facebook: @loanselevated

Hosts:
Broch Lassig - Branch Manager | NMLS 340314
TJ Heidenreich - Sales Manager | NMLS 1802412
Ryan King - Loan Officer | NMLS 1870771
Branch NMLS 2048956

Equal Housing Opportunity.
All loans subject to underwriting approval. Certain restrictions may apply.

CrossCountry Mortgage, LLC | NMLS 3029
www.nmlsconsumeraccess.org

This podcast is for educational purposes only and does not constitute financial, legal, or tax advice. Consult a qualified professional regarding your individual situation.