A penny costs more to make than it’s worth. - FactzPedia

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A penny costs more to make than it’s worth.

 

A penny costs more to make than it’s worth.



Speaking of pennies, it costs 2.06 cents to make a penny, while a nickel costs 7.53 cents to make.

It sure gives a new meaning to “it takes money to make money.”

If you’ve developed a good relationship with your lender, that’s no small thing. “Having someone you trust with your money is invaluable, and your home is probably the largest investment you have, so you want to make sure you have confidence in the lender that you’re working with,” says Todd Sheinin, chief operating officer at Homespire Mortgage in Gaithersburg, Md. “Some lenders treat their clients better than others.”

Reflect on your experience with your current lender. Sheinin recommends considering questions like: “Were you kept informed of everything that was happening with your mortgage? Do you feel like you had your loan officer’s full attention? Did you get a great rate? Has your lender kept in touch?”

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