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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