Home Appraisal Process and FAQs
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@emmanuelchidiebereezike8750
@emmanuelchidiebereezike8750 15 сағат бұрын
Spot on! Thank you for this knowledge.
@workshopmortgage
@workshopmortgage 8 сағат бұрын
Ever so welcome! 😁Thanks for taking the time to watch and comment!
@pumpkin_it_slawson3588
@pumpkin_it_slawson3588 23 сағат бұрын
Hi. What if they have the cash but they dont have the credit. Sister needs a 30 k loan..she has 17 k cash ...Im thinking i open an account under her name with the 17k...make the payments on the 30k loan (that i cosigned for).....something like that ???? Realy want to help fam out but its also scary
@workshopmortgage
@workshopmortgage 8 сағат бұрын
Hi there! That's not a bad idea... that would give you security that the payment on the loan you're helping her get will be paid timely. Personally, I'd ask her to make the payments and use the $17k as back-up in case she doesn't. (Obviously $17k isn't going to be enough to cover $30k + interest!) As a mortgage lender, I'd recommend having her pay the creditor directly, so that should you want a loan in the future, she could provide evidence to your lender that she's paying the loan independently. If you have proof she's paid 12 months of payments from an account in just her name, the cosigned debt would be ignored in your debt-to-income ratio when you apply for a new loan. You would want to log in and check that the payment posted on time each month to protect your credit from damage. If she misses a payment, you can use the $17k to cover that month.
@pumpkin_it_slawson3588
@pumpkin_it_slawson3588 4 сағат бұрын
@workshopmortgage thank you, I will definitely screenshot this info..thank you again
@123mjolie
@123mjolie Күн бұрын
Thank You!!
@workshopmortgage
@workshopmortgage Күн бұрын
You're welcome. 😁
@michaelbyers1060
@michaelbyers1060 2 күн бұрын
Can I please get the worksheet? thank you so much for all the info
@workshopmortgage
@workshopmortgage 2 күн бұрын
You're welcome Michael. 😁 The worksheet is a spreadsheet, so I need your email to send it to you. Please text your email address to me at 503-799-3711 and I'll shoot it over your way.
@AllisonMcMillanRealtor
@AllisonMcMillanRealtor 4 күн бұрын
Hi Julee, great to hear from you. I shared this video with my with the acting manager of my brokerage and her response after watching was she has never understood the topics you explained in this video so clearly! I think you could definitely do a video related to the policies that are being proposed in the future administration without taking sides. For example, tariffs. Also it would be interesting for people to learn more about how the rates set by the federal reserve play a role in determining mortgage rates. I am a lifelong learner, but I would assume the effect that the feds have on mortgage rates is not as much as people believe. You mentioned that your brother and sister-in-law live nearby. I’m in Berks County. Where are your relatives living?
@workshopmortgage
@workshopmortgage 4 күн бұрын
Thanks for sharing my videos with your managing broker. That's quite a complement to hear a seasoned professional found my explanation easy to follow and helpful. 😁❤ I'm working on aggregating some data on the market and including best guesses for what the year ahead holds. Once I get my thoughts organized, I'll put out some videos that discuss the relevant information in an apolitical way. As an aside, I'm organizing this information for a presentation I'll be sharing at a few real estate brokerages. If your manager is interested, I'd be happy to share this information with your brokerage too! And my sister-in-law, her hubby and their boys live in Chester Springs. Sounds like their just a little south of you, if I have my PA geography down.
@husnasamadi2971
@husnasamadi2971 7 күн бұрын
points
@workshopmortgage
@workshopmortgage 7 күн бұрын
Hi there! I'd be more than happy to share the points analyzer tool. It's a nifty little spreadsheet. I need your email address to send it over. Text your email address (503-799-3711) and I'll email it. 😁
@AllisonMcMillanRealtor
@AllisonMcMillanRealtor 7 күн бұрын
H Julee. My name is Allison. I am a licensed PA realtor. I found your video very informative. Many people believe that the incoming president will lower interest rates and that as a result mortgage rates will go down. Please do a video explaining how Presidents do not set mortgage rates, but their policies can move interest rates. Please make a video explaining how the incoming President's proposed economic plans could affect interest rates, the 10-yr treasury yield and as a result mortgage rates. Thank you!
@workshopmortgage
@workshopmortgage 7 күн бұрын
Hi Allison! Thanks for the positive feedback on my videos. It's encouraging to know fellow professionals like you are finding value in them. 😁 And it's funny you should bring this up, as it's been on my mind. In my private life, I have political opinions, but I try to have political conversations over beers with friends, not at work, you know? 😆 But there are definitely some potential implications for bond yields and mortgage rates if even some of the campaign rhetoric becomes policy, so I'm working on video idea. I will also write about these topics in emails I send out. If you'd like me to add you to my email list, I'd be happy to do so. Oh and looks like you are right near my brother and sister in law!
@dustinbradshaw2153
@dustinbradshaw2153 7 күн бұрын
Awesome video! Im working towards becoming a 1st time homeowner thats self employed. 2024 will be first full year. Did i understand you correctly that if applying for a conventional that only 1 year is required or do you still need the full 2 years? I payed myself a lower salary for first year to guage profits but i could take distributions if i really wanted to. Im choosing not to this year and will following years if not adjusting salary or combo of both. No debt, 750+ fico and looking to put 30-60% down depending on value of home id qualify for. Thanks for any advice
@workshopmortgage
@workshopmortgage 4 күн бұрын
Hey there Dustin! Sorry about the delay in replying. I'm usually a little quicker on the uptake! The standard guidelines require 2 years of filed tax returns, but underwriters are allowed to make an exception and approve a loan with just one year of tax returns so long as three things are true: Thing #1 - Your 2024 tax return will show a full year of self-employment (in other words, if you were self-employed on 1/1/24) AND Thing #2 - You have experience working in the same field or in a job that has similar responsibilities. AND Thing #3 - You have a history of earning income at a level the same as (or greater than) your new self-employment. Check these boxes and you should be able to secure approval for a conventional loan as soon as you file your 2024 tax return: The amount of salary you paid out to yourself in wages doesn't matter. We're just looking for the cash flow your business generated over the year. Profits you didn't pay out to yourself can still count as income so long as you either pay them out to yourself or your business can pass a liquidity test. I need to record a video about the liquidity test (it's on my list!). To avoid any sticky issues with the liquidity test, it's a good idea to distribute your profits. As your CPA what you need to do between now and the end of the year to assure the amount in box 1 of your K-1 (your profit) isn't wildly larger than the amount of distributions in box 16 on your K-1. And if you have any other questions or want to do a little pre-purchase planning, please reach out! You can text or call me at 503-799-3711 or email me at [email protected]. I'd be thrilled to help you lay the groundwork for a new home in the new year (has a nice ring to it, doesn't it?) 😁
@dustinbradshaw2153
@dustinbradshaw2153 3 күн бұрын
@workshopmortgage thank you for the reply.
@workshopmortgage
@workshopmortgage 3 күн бұрын
@@dustinbradshaw2153 You're more than welcome! If you have any other questions, just let me know!
@YanaJimenez
@YanaJimenez 8 күн бұрын
Definitely need your help right now because my lender did bad!
@workshopmortgage
@workshopmortgage 7 күн бұрын
Hi Yana! I just sent you an email... let's see what we can figure out!
@YanaJimenez
@YanaJimenez 7 күн бұрын
@ I appreciate you!
@workshopmortgage
@workshopmortgage 4 күн бұрын
@@YanaJimenez You're welcome Yana... it's my pleasure to do my best to help out!
@jacquelinepenha3135
@jacquelinepenha3135 8 күн бұрын
I like your videos
@workshopmortgage
@workshopmortgage 8 күн бұрын
😊❤Thanks, Jacqueline! I'm happy to hear you're enjoying them and it's kind of you to take the time to let me know!
@jacquelinepenha3135
@jacquelinepenha3135 9 күн бұрын
💯 true
@workshopmortgage
@workshopmortgage 8 күн бұрын
😁
@YanaJimenez
@YanaJimenez 9 күн бұрын
What about having problems with your taxes? “Income insufficient” due from deductible… do we wait for the next year ? 😐
@workshopmortgage
@workshopmortgage 8 күн бұрын
Hi Yana! That's one option, of course, but it's not the only one. There are alternative methods of documenting income for self-employed borrowers. That actually happens to be the topic of the next video I'm going to post (working on it now!). So if you haven't already done so, subscribe and turn on notifications so that you get an alert when I upload it. I should also add that sometimes the issue is that the lender you're working with isn't calculating your income correctly. I have been able to qualify quite a few self-employed clients for a loan after another lender turned them down. I have a playlist of videos for self-employed borrowers here: kzbin.info/aero/PLK5a62WXWP1z1HsJRwQLp5WaWReBisyQE A couple of the videos go into detail on exactly how we calculate income for certain types of businesses (sole proprietors and S Corporations). And if you have questions about any of this or just want to brainstorm about your own situation, I'd love to connect. You can reach me at [email protected] or 503-799-3711 (text or voice). Hope to talk soon! 😁
@YanaJimenez
@YanaJimenez 8 күн бұрын
@ Yes, I will definitely watch your videos and love to tell you my story, so you can info others what to watch out for from my experience! Thanks for the reply! 🫶🏽
@workshopmortgage
@workshopmortgage 8 күн бұрын
@@YanaJimenez I look forward to talking. (And I'll do my best to help out!)
@gabeschade2384
@gabeschade2384 9 күн бұрын
Wow! Great content. Thank you for sharing your expertise. Would these funds be eligible for the purchase of a duplex for my first home, or would that not count as it is considered a multi-family home?
@workshopmortgage
@workshopmortgage 9 күн бұрын
Hi Gabe! You're ever so welcome! Glad you found this helpful. And yes, you can use the funds to purchase a duplex or other multi-family property. House-hacking in your first home is a great way to offset some of your house payment with rent.
@KBWFreedomthrurealestate
@KBWFreedomthrurealestate 9 күн бұрын
I like this a lot! I do this at one of my properties by Investing like a pro in multifamily real estate! It is life-changing and generational wealth-creating.
@workshopmortgage
@workshopmortgage 9 күн бұрын
Leveraging equity in one property to purchase another is a time-honored way to use a HELOC. (I've done this myself!)
@villagequaff7958
@villagequaff7958 11 күн бұрын
Wow great info
@workshopmortgage
@workshopmortgage 11 күн бұрын
Glad you found it helpful! 😁
@gabeschade2384
@gabeschade2384 13 күн бұрын
This is great! Thank you for sharing your expertise
@workshopmortgage
@workshopmortgage 11 күн бұрын
You're very welcome, Gabe! I am glad you found this video and hope it shed a little light! :)
@beyourself2788
@beyourself2788 13 күн бұрын
A dear friend of mine asked me to be his co-signer however I’m a bit concerned about the impact on my financial life. It’s just a tough decision for me to take😔
@workshopmortgage
@workshopmortgage 11 күн бұрын
It's a big ask and a true act of friendship and trust if you agree to help him out. If all goes well, it may not have any impact on your financial life, but if he runs into trouble making the payment he could wreck your credit which could create all kinds of problems and expense. And depending on the type of debt, the creditor may pursue you for the debt if he doesn't pay. It's good that you're thinking about and weighing the potential consequences.
@beyourself2788
@beyourself2788 10 күн бұрын
@ thank you!
@workshopmortgage
@workshopmortgage 10 күн бұрын
@@beyourself2788 You're welcome!
@hermansonmw
@hermansonmw 15 күн бұрын
Really good explanation! Thank You
@workshopmortgage
@workshopmortgage 11 күн бұрын
You're welcome! 😄
@guyglasses3054
@guyglasses3054 15 күн бұрын
This is a great view from the lenders view but it should be stressed that a financial advisor wouldn’t suggest this at all
@workshopmortgage
@workshopmortgage 15 күн бұрын
Well, YT shorts have to be under a minute, so there's only so much I can fit in! But if you called me about getting a mortgage (which you're welcome to do) (503-799-3711 😊), you'd hear me talk about the difference between COULDs and SHOULDs. Lenders, like me... we're good at telling you what you COULD qualify to borrow according to loan guidelines. We are not, however, the place to get advice about what you SHOULD do. Home buyers should definitely spend time thinking about their budget and how a given monthly payment for a mortgage will fit into and impact it. If you need or want professional help with establishing a budget or figuring out an appropriate amount to spend, on a home, financial advisors are trained and licensed to assist with this. But I should add that a high DTI isn't always a disaster waiting to happen. Because lenders have to follow very proscribed rules when it comes to calculating income and DTIs (check out my other, longer, videos for a taste of these), real world budgets are often quite different that the numbers in a loan file. Maybe you're self-employed and last year's tax return doesn't reflect this year's income due to growth. Maybe you have roommates or a partner moving with you who aren't buying with you but will be chipping in on expenses. Maybe you have a spouse or partner who's iffy credit means they're not participating in the loan but they make great money. There are endless examples. Thanks for taking the time to watch and comment! 😁
@kristinamclean6462
@kristinamclean6462 16 күн бұрын
Thank you so much for this. You explained all of the components in a simple, easy to understand way. It was very helpful.
@workshopmortgage
@workshopmortgage 11 күн бұрын
Thank you for your kind words! I'm so happy you found the video helpful and clear. That's definitely my goal!
@PacificSword
@PacificSword 16 күн бұрын
Thanks so much for making this video. Bought a home in September and I was quite confused by this.
@workshopmortgage
@workshopmortgage 16 күн бұрын
I'm happy I could clear up the confusion!
@skyyinvestments9147
@skyyinvestments9147 18 күн бұрын
Did mine three months ago. I’m loading up for four more next year. 🚀
@workshopmortgage
@workshopmortgage 17 күн бұрын
Congratulations! 😁🎉
@jamesma7383
@jamesma7383 19 күн бұрын
Amazing info!
@workshopmortgage
@workshopmortgage 18 күн бұрын
So happy you found the video helpful, James! If you have questions or want advice about your personal situation, don't hesitate to reach out! You can call or text me at 503-799-3711. I'd love to be a resource to you!
@alfredot.8426
@alfredot.8426 20 күн бұрын
Assuming tenants pay their rents
@workshopmortgage
@workshopmortgage 19 күн бұрын
Well, yes, that is an integral part of a successful investment property experience. 😆
@ARBonthego
@ARBonthego 20 күн бұрын
Good content. Planning to talk to you for consultation.
@workshopmortgage
@workshopmortgage 19 күн бұрын
I'm happy you found the video helpful and look forward to connecting. 😁
@That_tall_dad_there
@That_tall_dad_there 20 күн бұрын
The catch….the bank will want 20% down + 6 months of reserves in a separate account to cover any vacancies. She’s not wrong about the loan amount being based on potential rental revenue, but because of that, DSCR loans are inherently more risky than standard loans, which are primarily based off of personal income credit, so the bank is going to want more cash to cover the risk. Example of people that use these loans are people with a lot of cash but no credit or people who have hit their limits on conventional loans.
@workshopmortgage
@workshopmortgage 20 күн бұрын
Thanks for the comment! My perspective differs... if there's a catch, I'd say it's the slight premium in interest rate that comes with these loans. The down payment and reserves are often lower on DSCR loans. For instance, Fannie Mae and Freddie Mac require 25% down on a 2-4 unit rental purchase. DSCR loans are a-okay with just 20% down, so long as the rental income is sufficient to cover the payment. And Fannie/Freddie require 6 months PITI reserves as well. Another subtle but important difference that favors DSCR loans: Fannie/Freddie limit seller credits to 2% of the price and DSCR loans often allow 3% or even 6% credits.
@BeloAkinwale
@BeloAkinwale 20 күн бұрын
Pls I ll need more info on dscr loan
@workshopmortgage
@workshopmortgage 20 күн бұрын
Hi Belo! I'd be happy to answer any questions you have! Feel free to email me at [email protected] or call or text 503-799-3711. 😊
@HeatherSarver
@HeatherSarver 21 күн бұрын
What are the minimum requirements to qualify for DSCR?
@workshopmortgage
@workshopmortgage 21 күн бұрын
Hi Heather! We just need the rent to cover the mortgage payment (although there are some options where the rent can be a little less than the payment). We need to document the funds you'll be using to close (20% down is the minimum) plus 6 months of "reserves" (savings equal to 6 months of the new payment left over after closing). A credit check and verification of good payment history on other mortgages is the only other significant requirement. These loans are pretty simple. I'm happy to answer any other questions you have. You can text or call me at 503-799-3711. 😁
@krissm848
@krissm848 21 күн бұрын
House hack
@workshopmortgage
@workshopmortgage 21 күн бұрын
Hi Kirss! Here's the (very) complete guide to house-hacking: kzbin.info/www/bejne/n3mVpZyFdsljaa8 I put included everything I could think of, from personal and professional experience. Let me know if you have questions and/or if you want to talk about your own situation. You can reach out to me any time at 503-799-3711 (voice or text). 😁
@douglasquintanilla4869
@douglasquintanilla4869 22 күн бұрын
Guide please
@workshopmortgage
@workshopmortgage 22 күн бұрын
Hi Douglas! Here's the guide: kzbin.info/www/bejne/pZbdgZqsfbZrqpI It's roughly 45 minutes long, so you might want to pop some popcorn and settle in before you click the link. 😆 The video breaks down 8 options for spending seller credits, pros and cons of each and finish with examples of how different options look side-by-side. I hope you find this helpful! Are you in the market for a house right now? Or just looking to learn?
@delontamcclain4571
@delontamcclain4571 24 күн бұрын
Very informative, thank you
@workshopmortgage
@workshopmortgage 24 күн бұрын
You're welcome! I'm happy you found the information helpful! 😁
@502MS
@502MS 25 күн бұрын
I’d love to work with you if possible. Thank you for sharing. Agreed you should have millions following.
@workshopmortgage
@workshopmortgage 24 күн бұрын
That's so nice of you to say! Feel free to reach out any time. You can text me at 503-799-3711 and my other contact information is in the caption. Perhaps we'll speak soon! 😁
@hannahdennison3509
@hannahdennison3509 26 күн бұрын
This was very helpful. Thank you
@teejahy808
@teejahy808 29 күн бұрын
Amazing video! Thank you!
@workshopmortgage
@workshopmortgage 28 күн бұрын
You're welcome!
@karma1507
@karma1507 29 күн бұрын
I think you should plan on living somewhere for at least 10 years before buying real estate. For the first few years, your mortgage payments mostly cover interest on the loan. If you live there for only 5 years, you won't have much equity in the home besides your down payment when you decide to sell and you have to restart when you get a new house.
@workshopmortgage
@workshopmortgage 25 күн бұрын
Hi Karma! I am a big fan of holding real estate for as long as you can. (I still own a home I bought on 1998!) You're right that you won't make a lot of headway on paying your loan down the first few years. But really even over the first decade of ownership, a 30 year loan doesn't shrink by much. But that misses the point... or even arguably the magic of owning real estate. It may feel like you're treading water on your loan balance, but most years, your equity will still grow form appreciation. And because you don't have to put a crazy amount down relative to the price, your appreciation can grow very rapidly, relative to your upfront cash outlay.
@LoseWeightFast0
@LoseWeightFast0 Ай бұрын
I dont like paperwork
@laurelp73
@laurelp73 Ай бұрын
Hmmmmmm… 🤔 How is it that I help my clients consider all the options, but don’t explore everything for myself? 🤦🏼‍♀️ Thanks for being awesome and helping all of us who’re lucky enough to know you and benefit from your expertise and advice. I’ll talk to you soon!
@workshopmortgage
@workshopmortgage Ай бұрын
I think they call that "Cobbler's Children" Syndrome. 😆
@laurelp73
@laurelp73 Ай бұрын
@@workshopmortgage Definitely!!! 😅
@mashuhurimfundishi5826
@mashuhurimfundishi5826 Ай бұрын
Points
@workshopmortgage
@workshopmortgage Ай бұрын
Hi Mashu! The points analyzer tool is a spreadsheet, so I need to email it to you. Text me your email address at 503-799-3711 and I'll send it over to you!
@arisalquiza3582
@arisalquiza3582 Ай бұрын
guide
@workshopmortgage
@workshopmortgage Ай бұрын
Hi! The guide is about about 45 minutes long, so you might want to bookmark it and come back when you can make a cup of tea and hang out for a little while. 😁☕ kzbin.info/www/bejne/pZbdgZqsfbZrqpI In it, I talk about all 8 ways you can spend seller credits, pros and cons of each and then give real world examples of how different options look side-by-side. I hope you find the information helpful! Are you in the market for a house right now? Or just looking to learn?
@davidt5200
@davidt5200 Ай бұрын
Well, my bank just did me dirty. I don't recommend a heloc. I have a fixed rate. Yet, only two dollars went to the principal last month. Makes no sense, I called corporate, i'm getting the run around. Definitely, predatory In my opinion, at least the deal I signed. I know ignorance is no Excuse. Do your research Don't trust anyone.
@workshopmortgage
@workshopmortgage Ай бұрын
Hi David, that is curious for sure! If you'd like a non-partisan, professional set of eyes on any of this, I'd be happy to look at your statement. You can email me at [email protected]. I can think of a few things that might be going on. The documents I'd want to see are your most recent statement for the HELOC and the HELOC "agreement".
@robsewell5265
@robsewell5265 Ай бұрын
Great Job Julie!
@workshopmortgage
@workshopmortgage Ай бұрын
Thanks for taking the time to comment, Rob, and for the kind words. 😊❤
@dawnfoster7358
@dawnfoster7358 Ай бұрын
Sweet spot 😊 I'm ready!! Just not sure our Dti is 🙄
@workshopmortgage
@workshopmortgage Ай бұрын
Hi Dawn! Let's do this! Text or call me at 503-799-3711 or email me at [email protected]. I'll send you the checklist and can get started working through it together. 🎉😁 Once we figure out your DTI, we'll show you want it is and how we calculated it.
@jenniferjento1050
@jenniferjento1050 Ай бұрын
Sweet spot
@workshopmortgage
@workshopmortgage Ай бұрын
Hi Jennifer! Text me at 503-799-3711 and I'll send you the checklist!
@ProfessorOfLogic81
@ProfessorOfLogic81 Ай бұрын
Prices at historic highs. Low inventory. Rates triple what they were 5 years ago. The dollar worth 25% less than it was 4 years ago. IT’S THE SWEET SPOT FOR BUYERS!!!
@workshopmortgage
@workshopmortgage Ай бұрын
Home prices are high and that's certainly an affordability challenge. I'm in the trenches helping my clients figure this part of things out every day. That said, it's been 26 months since the peak for home prices in inflation adjusted dollars. Nominal prices are at all time highs, but per Case Shiller data, inflation adjusted prices are 1.5% below their peek in 2022. The best source for good data and analysis is www.calculatedrisk.com -- an amazing substack run by Bill McBride. Inventory is something he tracks closely, as it's the best leading indicator for price pressures and it IS rising. This second chart in this post (calculatedrisk.substack.com/p/watch-months-of-supply-289) is a great visualization of the trend this year and the powerful correlation between inventory and prices. www.redfin.com/news/data-center/ is another good resource. Relevant to this video, go pull up almost any of their chart and you'll notice each year tends to start and end lower than it is in the middle. That seasonality is relevant for buyers... "off season" is the fall and winter, making it a time that buyers have less competition. Rates were at all-time lows during the pandemic, 2.5 to 3 years ago and rates are higher now. But they're also down substantially since last year and (if you look at a longer-term history for mortgage rates (fred.stlouisfed.org/series/MORTGAGE30US) arguably more "normal". From 2000 to 2009, rates were mostly in the high 5's, 6's and low 7's. It was only in the aftermath of the great financial crisis and during covid that rates fell below 5%. That timeframe had one thing in common... the Fed was purchasing billions of dollars of mortgage bonds, pushing rates to artificially low levels. Now that the Fed has turned its attention to tamping down inflation, we are likely going to see more "normal" mortgage rates going forward. And you bring up inflation... it's coming back down, but it's one of the biggest arguments FOR purchasing a home. A 30 year fixed rate mortgage is a remarkable inflation hedge residents of most other countries don't have. You can lock the majority of your cost of housing into a payment that'll never go up but could (if rates dip and you can refinance) go down. All the while also owing an asset that has a track record of appreciating at a rate around that of inflation, with a down payment that is only a small faction of the purchase price. (The powerful upsides and associated risks with a leveraged purchase are a whole other conversation.) Since homebuyers today don't have a time machine to go back and buy when rates and prices were lower, the questions to ask are: -Does homeownership make sense as a part of your bigger financial picture? -Do you plan to stay in your current area for at least another 5 to 7 years? -Is your income and employment stable? -Can you afford the monthly payment? -Can you scrape together a down payment? If yes, then the next question is: When should you buy? I don't have crystal ball, but in the past few years, I had two periods of time where my Spidey sense told me that a good window for buyers was opening up: Early 2023, Late 2023 and now. My hunch proved accurate the two other times. We'll see if my instincts prove accurate this time around! Not sure if you'll see this, but I hope you do and get a chance to check out the links.
@vikashlekkala3357
@vikashlekkala3357 Ай бұрын
SWEET SPOT
@workshopmortgage
@workshopmortgage Ай бұрын
Hi Vikash! Text me at 503-799-3711 and I'll send you the checklist!
@karoliux91
@karoliux91 Ай бұрын
Sweet spot
@workshopmortgage
@workshopmortgage Ай бұрын
Hi there! Please text your email address to me at 503-799-3711 and I'll send you the checklist!
@not4sure1
@not4sure1 Ай бұрын
Fantastic information!
@workshopmortgage
@workshopmortgage Ай бұрын
Glad you found the video helpful! (And thanks for taking the time to comment. 😁)
@MichelMawon4982
@MichelMawon4982 Ай бұрын
Great info. I currently have a mortgage and I didn’t know about the 10 payment exception. New sub!
@workshopmortgage
@workshopmortgage Ай бұрын
Hi Michel! Thanks for subscribing! And yeah, that is a super-helpful guideline loophole of sorts! 😁
@EpicTreasurePostcards
@EpicTreasurePostcards Ай бұрын
Thank you for this video. We just recently purchased a home here on the Oregon coast and have lived in it now for 8 months. This is our first year in a house as new homeowners. Your insight helped me understand the process a little better. Our situation is a little different as our home is in a CLT (Community Land Trust) and although you didn't mention about that in the video, the core principles you talked about seemed like they are still the same. We haven't received out tax statement as of yet but when we do, I am hoping for "yellow" but even if it's "green"", I still think we will be ok because we have Escrow that has been deducted ever since we purchased. (still hoping for yellow though.) (LOL) Thanks again for the video, It helped me allot.
@workshopmortgage
@workshopmortgage Ай бұрын
Yay! I'm happy you found this video and that it helped you understand the property tax situation in Oregon and how it applies to your home. (And congratulations on your purchase!) 😁
@EpicTreasurePostcards
@EpicTreasurePostcards 25 күн бұрын
@@workshopmortgage We got the tax bill for our home. It was green but we went into our account this morning and saw that our bank, (who is our Mortgage lender) paid that tax in full today. It was taken from money they were putting away every month into our Escrow account. We are supposed to be getting another separate bill for the tax on the land our house sits on but haven't seen that as of yet. Hopefully that will be coming soon because it's due on November 15th and we don't want to be delinquent.
@janine9993
@janine9993 Ай бұрын
How do I reach you privately? Thank you
@workshopmortgage
@workshopmortgage Ай бұрын
Hi Janine! I think you beat me to the punch and we already talked, but if not, you can always call or text me at 503-799-3711. 😁