good video... 👌

Thank you!

It took me 51 hours from just looking at houses on Zillow entered some basic information online for pre approval estimate. Then got phone calls from lenders, had a real estate agent, saw the house, connected with sellers agent, negotiated and was under contract for the home. I never knew it could be so simple and quick.

Most of the time, an Appraisal Management Company (AMC) hires tye appraiser, nit the lender. Consequently, the fee shown on the closing statement for the appraisal will appear high.

10% 20% down made my stress levels skyrocket.

Does this true for every state? In Texas

Thank you for this video, this is very educational for a person like me who has never bought a house before and has no knowledge about buying a new house. You're such a blessing. Again, thank you for this video.🎉

Great suff! but how you got a mic that close in a closed room, and it still sounds like boo boo? Haha

❤❤❤

My mortgage payment still the same. It never increase my payments n had few more years to be fully paid. I was happy having my 2 homes 😊

As a CPA who doesn’t specialize in tax but knows enough to have passed the exam, I found this video excellent. Easy to understand and covers most of the essential information that regular people need to know.

Thank you for this video! I asked my friend who recently brought a home and they act like they couldn’t explain this to me. This was so helpful!

Currently going through this myself I make a lot but I Right most of it off but I also have a W-2 that I work at 5 months when I went to. It's part of my employment I got a lot of barter so work for farm Where I get all of my housing heat, electric internet and a truck with gas and most of my food so my living expenses are almost nothing. I do all this to max out on purchasing power and minimize tax liability. I am convinced that the system the way the structure in the United States with Fannie Mae Freddie Mac buying the mortgage backed securities has all these requirements to increase IRS revenue above all else it has nothing to do with ability to pay, i prove them in many ways i have had and will have atleast $60k cash flow above my living costs but they dont care tgey just need to check the arbitrary box's. If you go with an alternative mortgage then pay significantly boring interest is still probably won't get one at this point I'm thinking I'll never have a mortgage by land with cash and build a small house cash and add on to it as I get more cash.

I've watched so many videos on the USDA loans. This is by far the best and easiest to understand. Thank you so much! Great video and so much good information 👍

Thank you for sharing your knowledge with us! I am very grateful and thankful!

Looking for the perfect property to purchase using USDA loan program

23834 or 23836

Thank for the information. I'm happy I subscribed 🌺

This whole idea of keeping your housing cost under 25 percent im convinced was made by dumbass Dave Ramsey

When should you do the prequalify provess and is that different from pre approval?

If you have low income but equity in you house the problem is that you may qualify to take out a heloc but then you may not be able to get a loan for a rental because your loan to debt ratio my be to hight no bank will loan if that is the case

I must have watched this video 3 or 4 times during my whole home purchasing journey as well as so many other videos of yours. Thank you for all of this indepth information. I took 2 first time home buyer courses and i still learned so much from you! My husband and I just closed on our first home yesterday and i am thankful for all of your advice along the way. Appreciate all that you do! 🎉 i also worked with Alan at Servbank and he and the rest of the team were amazing the whole way through and was able to get us a really great interest rate highly recommend the team!

Hey Kyle 👋

Is it allowed to film a timelapse of myself signing that stack of paper?

I looked up all these grants online and they all have an income limit. Did that change?

Critical - in your rent vs buy comparison, you did not include the capital costs associated with homeownership. A broken dishwasher, new roof, plumbing fix- none of those are the renters responsibility, but definitely fall on you as a homeowner. If you’re going to do a cost comparison, you need to make it realistic and include everything, not just what supports the narrative of buying.

Lower down payment= high mortgage payment/interest. Only makes sense as a rental.

This is out of control. In Hialeah/Miami, FL areas that aren’t at all upper range sectors, questionable 2/2 homes are literally half a million dollars $500,000 . How in the world is this possible? I mean, people’s needs and tastes are different, but these home prices aren’t for the average working class anymore. We fair almost equally to 3rd world countries where people’s dreams to have a place to live is and feels more like impossible. I’m so broken hearted 💔😭

🙏🏾heaven sent

Can this be used with VA Loans?

Can you explain what you mean when you say bigger banks can make more money on government loans? are you talking about keeping the credit on the YSP? On the broker side, thats a credit given to the buyer, is that kept as profit on the retail side?

Coming back to the video after first watching it roughly 6 months ago. I just had an offer accepted. (Thank you for your videos they have been incredibly helpful!) You are 100% right about a realtor. Once you get a realtor and a team together, it goes SUPER fast. I texted my realtor for the first time the week before Christmas. If all goes well, I'm expected to have the keys the first week of February. Best of luck to everyone out there and I pray you all find a good realtor because she has connected me to everything (an amazing lender that broke down the cost of everything and explained everything and now an inspector who offers several types of more detailed inspections.)

I’m here having trouble making a needs and wants list lol.

- APR to compare cost of credit between lenders - If Zero tolerance or 10% aggregate changes before the initial CD is sent, then lender issues a revised LE. If they fail to do so, then they cover the difference the actual and disclosed amount

GREAT GREAT vid here that simplify what's complicated for most people. I love this The only point I would 'counter' would be at the 7:05 mark. I wouldn't describe the "Banks are helping you" No lender wants to lose their collateral to municipality seizure or fire/damage or even foreclosure. Banks collecting escrow is a way of them protecting their interests, not ours.

As someone who did mortgages one of the first questions they make you ask is did you take out a loan for your down payment if that answer is yes some banks will view it as too risky. Every bank has their own rules on risk so just keep this in mind.

I have a substantial amount of equity, and I would never consider using it to purchase another property. I’d much rather secure a separate mortgage than risk jeopardizing my primary residence. I’ve seen plenty of people in my neighborhood do that, and they ended up foreclosed!

This whole system is broken. Travel nurses can’t even buy a house because they have a different job every 3-6 months even though we are making a butt load of cash

I have a question that may seem silly but I’m still unclear. I’m planning on buying a multi unit home eventually so 2-4 units. Do I need to have the home picked out before getting approved for the FHA loan in order to have the future rental income included in the quote? I was under the impression that I needed to be pre-approved for the FHA loan before shopping for a house.

Very informative

Watched a lot of videos, but by far your breakdown in this video is so informative thank you so much learned a lot know what I must do to be approved for a conventional loan going to work on it. Thank you so much!!

If you plan on buying another home at 400,000 they will most likely as for 20% which is 80,000 down payment . The Heloc is 87,500 you would not be able to buy this house using this Heloc unless you did FHA 3.5 % or 5%.

Yass Queen 👸

Hey, so the first home is paid off and sold? Now I just have to pay the equity loan and the 2nd house mortgage? What range of a credit score do you need to do this?

Do this at your peril

Best video ever seen! ❤

It says the grant finder is "under construction". How long can we expect the feature to be unavailable? ty

Thank you for thi video, it's very helpful! 🎉🎉🎉