We’ve all been there.
“My buddy said you need 20% down.”
“My cousin said FHA loans are bad.”
“My coworker said their bank approved them in one day.”
The problem is…your friend’s mortgage isn’t your mortgage.
Mortgage guidelines change. Loan programs differ. Credit scores, income, assets, debt, employment history, and down payment all affect what’s possible.
Advice that was correct for someone else six months ago may not apply to your situation today.
There’s nothing wrong with asking friends about their experience. Just don’t let someone else’s experience become your financial strategy.
The best advice comes from someone who has reviewed your financial picture—not someone who bought a house five years ago.
Good mortgage advice isn’t based on opinions. It’s based on your unique situation.