There ain’t no free lunch. There ain’t no shortcuts. If you want a mortgage, you have to do the work. When it comes down to it, there’s no mortgage trick. A trick is defined as “a cunning or skillful act or scheme intended to deceive or outwit someone,” per Google.
Or one that mystifies the audience – think the quintessential magician pulling the rabbit out of the hat, or making a dove appear out of nowhere.

Do you really think mortgages are like magic, or anywhere close to it? And are they entertaining or even the least bit interesting?

Not really, even though I try to make them slightly more appealing on this blog. Whether I’m actually accomplishing is another question.

A mortgage is simply a loan on your home that requires regular payments for a set period of time, usually a long 30 years. There’s no magic trick to change that unless you’ve got more money or can simply avoid a mortgage altogether and pay in cash.

Those annoying mortgage trick advertisements and articles you come across
Are nothing more than a roundabout way to convince you to refinance your mortgage
Or to read yet another post about something you probably already knew existed like biweekly payments.There’s nothing magical, special, or groundbreaking about it

The supposed trick most of these ads tout is a simple rate and term refinance. And they’re offered at just about any bank, credit union, or lender you’ll come across. You don’t have to ask around about them, or know someone on the inside to get one. They’re readily available as long as you qualify.

While a refinance could save you tons of money, even hundreds of thousands of dollars depending on the situation, it’s not a trick.

Ruth Schoenherr is a mortgage broker who will help you find home loans in the Clearwater, Palm Harbor, Largo, Safety Harbor, St Petersburg and Tampa Bay area. For more information, go to her web site at www.ClearwaterMortgageBroker.net or call at 727 447-2418.