10. Don’t Fall For Welcome Rates
Banks will put their best foot forward just to make sure you stick with them and give them your business. As such, marketing teams will do what they can to acquire your account. But be wary: not all of them will benefit you in the long-run.
These welcome rates are designed to entice homeowners who are applying for the first loan or who are looking for refinancing options. Remember that good banks are there to build a stable, mutually beneficial relationship with their clients for years to come, not just in the first six months.