Are too good to be true loan offers usually too good to be true?

Are too good to be true loan offers usually too good to be true?

9 times out of 10 those types of loans are too good to be true. I have a client that I closed a loan for not too long ago, and every time I met him or spoke with him, he always either gave me a newspaper article or sent over some type of bait-and-switch type of advertising on the internet. I would break it down for him and show him that first of all, if you read the fine print, this is really at this 2% fixed rate, it's not really a fixed rate, it's an adjustable, so he was going to be paying three points to get that particular rate. There's a lot of scams out there so you do have to be very careful, and that's why it's important to go to someone such as myself, a professional mortgage broker, who is not there to just deal with you for the next 3 days. I'm here for mortgage planning - for life.