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Although their attorney gave correct legal advice, it was not the best mortgage advice. Remember the leaking roof at Terrance and Laurie's house? They ended up needing to borrow from a relative to repair their leaky roof. They didn't know whether to laugh or cry.

Everyone loves to give mortgage advice...friends, co-workers, relatives, neighbors, bosses and advisers. Some advice is good, some advice is bad. Some will make you laugh and some will make you cry. So share your mortgage advice story. We want to hear from you!

Laugh and cry with the worst, best or funniest mortgage advice stories on the Mortgage Advice Social Networking Hotline. Don't miss out on these comments and stories from other readers.

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Laugh and cry with these stories written by other readers. Add your own comments and rate them too.

Educate Yourself Best Mortgage Advice 
My best mortgage advice is to educate yourself before signing on the dotted lines. When you decide to get a mortgage, it is so important that you are ...

Fannie Mae Freddie Mac Bailout 
Should the Federal Government bailout Fannie Mae and Freddie Mac? I guess that they should, but unfortunately it will be at the taxpayers expense. I guess ...

Second Mortgage Interest Rates  Not rated yet
Regarding second mortgage interest rates and fees: Kate, why are there so many fees on a 2nd mortgage loan?

Dear Melodie, A second mortgage compared ...

Best Mortgage Advice On Buying Points  Not rated yet
Kate, what is your best mortgage advice on discount points. What is the purpose of points? Are they just a gimmick for the bank to get more money out ...

Best Mortgage Advice Best Mortgage Rate  Not rated yet
Kate , I need to know the best mortgage advice regarding lowest interest rates? Daily mortgage rates differ between lenders. Interest rates differ ...

Best Mortgage Advice Equity Loans  Not rated yet
Here's one reader's best mortgage advice regarding 2nd mortgages and her downward spiral, financially and emotionally, with an equity loan... In ...

Best Mortgage Advice Skating A Fine Line  Not rated yet
My best mortgage advice is like skating a fine line... It is hard to say whether or not it would be unethical to switch lenders while refinancing for ...

Mortgage Pre Approval Not Prequalification  Not rated yet
Want to jump to the front of the mortgage line? Get there with mortgage pre approval . Don't bother getting pre-qualified! Getting pre-qualified means ...

Hope Is Best Mortgage Advice  Not rated yet
This best mortgage advice of perseverance during personal adversity is an account by one reader who keeps hope during challenging times... My home, bike,...

Best Mortgage Advice Concerning Foreclosure  Not rated yet
A reader's best mortgage advice regarding foreclosure ... I would recommend for those of you that are in mortgage foreclosure to look up your state'...

Mortgage Advice The Borrower Knows Best  Not rated yet
I feel the person borrowing money is the best judge about mortgage. You can take advice from friends, relatives, lawyers, and experts but it is finally ...

Best Mortgage Advice Do Your Homework  Not rated yet
The best mortgage advice is CHECK YOUR CREDIT REPORT FIRST!!!! First-time buyers seeking to mortgage their first homes, as soon as you start to consider ...

Mortgage Advice Worth Every Penny  Not rated yet
“If you don’t buy this house, you will have to continue living with your dad, maybe for the rest of your life.” In the mid 1990’s, I was a loan closer ...

Best Mortgage Advice Be Cautious   Not rated yet
My best mortgage advice is to do your own homework and remember, it is real money and not just figures on a sheet of paper. We were recently looking ...

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