Everyone wants a deal when it comes to buying a home. And with sky-high home prices and stubborn interest rates, mortgage programs that promise low payments, minimal down payments, or instant approval can look like lifesavers. But those shiny offers often hide fine print that can quickly turn a “dream home” into a financial trap.
From teaser rates that vanish to hidden fees that balloon monthly costs, not all mortgage deals are what they seem. Here’s a look at six mortgage programs that sound fantastic—until it’s too late to back out.
