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@nateloans

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Nate Moghadam

Massachusetts loan officer Nate Moghadam. FHA, Conventional, VA, Jumbo, and Non-QM loans. Book a free consultation.

2 videos

Why it worked

The video provides actionable advice on a complex financial topic, empowering viewers to avoid common pitfalls. The creator's expertise and clear explanation, combined with a direct call to action for personalized help, likely resonated with the audience.

Summary

This video explains how to identify if a mortgage lender is overcharging by focusing on Section A of the loan estimate, which details lender-controlled fees. The creator, Nate, a top loan officer, advises viewers to pay attention to these fees as they indicate hidden costs like buying down the interest rate.

Structure

1Introduction to the problem of hidden mortgage costs
2Explaining the loan estimate document
3Highlighting the importance of Section A
4

Original caption

Mortgage lenders want you to believe that giving you a low rate equals a great deal. The reality is that rate by itself means nothing, it’s all about the overall package of rate and costs. And you won’t know if you’re getting a good deal until you look at section A of the loan estimate because those are the lender specific fees. All the other closing costs will be the same between any other lender. If Section A exceeds about $1,500, you’re paying discount points to buy down your interest rate. If you want me to review your loan estimate for free send me a DM or book a 15 minute call with the L.I.N.K in my bio . . . #mortgage #mortgagetips #homebuyers

More from @nateloans

Call to action

send it to me in a DM or click the LINK in my bio to setup a FREE 15 minute call.

On-screen text

Don't ignore the fine print when getting a mortgage

Transcript

Looks like you're trying to figure out if you're loan officer is overcharging you if you're buying a house in 2026. And it's really not complicated. But the issue is, most of you don't take the time to read the fine print. So I'm gonna break this down for you and help you save thousands of dollars. But first, my name is Nate. I'm a top 1% loan officer licensed in 14 states. And everyday I help people with mortgage tips like this. So if they're useful, please make sure you give my page a follow. Once you get an offer accepted on a house, your loan officer is gonna send you something called a loan estimate, which is a formal quote. On the first page, it's gonna break down your loan program on the top, whether it's locked or not. And of course, your interest rate right here. And lenders know that you're obsessed with interest rates. So what they do is they bait you in with a rate that's too good to be true, and then charge you thousands of dollars on the back end. Which is the second page, where no one actually looks. Even if you do bother to look at this, you'll probably get overwhelmed. Just sign the paperwork, move on with your life. But if you follow my page, you already know that you only need to pay attention to Section A of the loan estimate. Because it's those charges that your lender actually controls. Everything else is gonna be the same at the end of the day, regardless of the lender you choose. And in this case, the buyer thought they were getting a really good deal with that 5.99% rate until they realize that the lender is charging them over $9,000 to get it. And the reality is, anytime this section is over $2k, you're buying down your interest rate. And look, I know this isn't easy to understand. If you want me to review your loan estimate, send it to me in a DM or click the LINK in my bio to setup a FREE 15 minute call.