One of the biggest financial decisions in life is the purchase of a home. Clark has warnings about 2 trends that can be perilous in the long run for home buyers. Also on today’s episode, the recent shuttering of David’s Bridal stores points to a bigger concern: How to handle making an advance deposit on a future purchase. Clark has an important “NEVER NEVER NEVER NOT EVER” rule, to protect your money.
- 2 Mortgage Warnings: Segment 1
- Ask Clark: Segment 2
- Advance Deposit Rule: Segment 3
- Ask Clark: Segment 4
Mentioned on the show
- Feds expand 40-year mortgage eligibility. Experts say it could lead to more.
- NYT – Retired and Buying a Starter Home. It’s Forever.
- Banks Are Closing Customer Accounts, With Little Explanation
- How Many Credit Cards Should I Have?
- Capital One now rejecting transactions from Affirm, Afterpay and more
- WSJ: David’s Bridal Will Close All Stores in Chapter 11 Unless Buyer Emerges
- Do Not Give Your Social Security Number at These Places
- NYT – Shifting Norms on Tattoos in Japan
- Clark.com – Streaming TV – Live TV Streaming Channel Tool
Clark.com resources
- Episode transcripts
- Community.Clark.com
- Clark.com daily money newsletter
- Consumer Action Center Free Helpline: 636-492-5275
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