3 Mortgage Mistakes to Avoid in 2025

Mortgages are one of the biggest financial decisions you’ll make.

Here are three common mistakes to steer clear of in 2025:

1. Waiting Too Long to Get Pre-Approved. Rates can change quickly. Getting pre-approved early gives you a rate hold and shows sellers you're ready to buy.

2. Only Considering the Big Banks. Many competitive lenders operate through brokers only. Limiting yourself to the banks could mean missing out on better rates or terms.

3. Ignoring the Fine Print. Some mortgages come with high penalties or restrictive terms. Make sure you understand prepayment rules, portability, and penalties.

Avoiding these pitfalls can save you thousands and reduce stress during your home buying process.