My Advice to Homeowners in 2024 - WATCH THIS Before Acting

[@clearvaluetax9382]

Here’s how much home you can afford (based on your salary): kzbin.info/www/bejne/iHuonGyjfJp9fq8

[@SamuelClemente7718]

6% of 100k is less the 3% of 300k! Cone on Brian

[@123Snakehead]

The quality of a 300k home is likely better than the 100k.

[@J-Rod73]

Taxed on things we ALREADY paid taxes on is such BULLSHIT.

[@vladimirofsvalbard9477]

Wait till you pay taxes on your social security since you'll likely still be working lol

[@J-Rod73]

@@vladimirofsvalbard9477 🙄👎

[@crazeekids9744]

Property tax is legalized theft.

[@patriotsforegolf9859]

@@vladimirofsvalbard9477 technically you do pay taxes on SS- if your income limits call for it - I pay tax on 85% of my SS

[@vladimirofsvalbard9477]

@@patriotsforegolf9859 Spot on!

[@slimpickens8343]

I’m 31. Have never worked harder and have never been able to afford less. Yet they tell us the economy is booming

[@jramos0010]

it is booming just not for us

[@synewparadigm]

"You will own nothing and you will be happy " Klaus schwab at WEF

[@Julian-1111]

They’re lying- Vote them OUT.

[@fuqutube]

Vote better..

[@ahberlowkz852]

It's a different kinda booming. People who work in the tech industry aren't complaining about shit.

[@mariorta5017]

We just paid off our home last black friday. Took us 9 yrs and 5 months. Just on 04/05/24 did last payment on our last debt. Feels amazing to be free.

[@EvangelismforGod]

Congratulations!

[@IIIIthruXII]

congratulations

[@jumpiam8477]

Congrats! 🎉

[@davidfairchild1640]

Great work. Congrats

[@theflightsimulationexperie6894]

Your home is never paid off when you have to pay property taxes and insurance for life. Also, stop paying taxes on your property and we will see who really owns your home.

[@LaughOutLouie88]

Property tax is pure theft especially after paying a mortgage off.

[@Koushi82]

Wrong income tax is pure theft or tax you are paying for the infrastructure giving your house value nub

[@jameskroeger1436]

All taxation is theft

[@dreamchaser5758]

How? Property taxes fund the municipality where the house is located, critical services like law enforcement, schools, fire/paramedics and public works. Citizens still utilize services regardless if their homes are paid off or not.

[@NoNo-ng9sl]

​@dreamchaser5758 there's other ways to collect those taxes. Half of my property tax goes towards the school district I'm in.....I don't have kids.

[@giovannidigitalart]

Taxes pay for good and services. Now tax breaks and loopholes for 1% now that's a criminal. Trickle down has never worked.

[@TheZoePath]

The 6%--7% rates are only brutal because home prices and cost of living are so high today. I bought my first home in 1998 with a 6.5% interest rate, but the home only cost me $145K, plus all other life expenses were much lower than today. The problem is that compounding inflation is strangling paychecks.

[@Koyotee25]

exactly.

[@Koushi82]

So lower prop values

[@abigaila7341]

The problem is actually greedy corporations inflating prices and taking advantage of the poor and middle class.

[@void5239]

Exactly. Trying to buy my first home atm and it is BRUTAL

[@amechecameron3217]

Can’t tell most boomers that.

[@Nwakaego_]

The only KZbin channel I trust for this type of information. Brian is honest, straight to the point and no fluff or lies.💯 Thanks, Brian!

[@billywatson9821]

Yes. Agreed.

[@andrew4628]

I greed his honesty

[@doreenpettit6553]

You've never heard Audra

[@MikeJ24-24]

Absolutely agree it’s literally the only channel that feels like he’s looking out for people

[@ToddKepus]

But wait! Reventure Consulting keeps telling me the housing market is crashing right now!

[@MikeCrawch]

My house was 2.65%. Sold it. Paid off all my debts. And now I’m back living with my grandparents and saving 2k a month. Yes it sucks having to go back to my grandparents, but the feeling of no debt whatsoever is the best feeling in the word! No college debt, no car debt, and no credit card debt!

[@debbietucker1038]

And the older folks can definitely use the help with lots of things. And probably enjoy your company.

[@arcadiagreen150]

"You will own nothing and you will like it" -Klaus Schwab

[@justacitygirl]

Sounds like my dream life. Assuming your grandparents are cool, which most aren't.

[@MikeCrawch]

@@justacitygirl Asian parents and grandparents are cool. They push you to get the f out of the house when you’re in high school but beg you to come back after college. It’s really weird lol

[@Celticsfan10134]

Should've rented the place out

[@bobbyhernandez9558]

My mortgage has gone from 875 per month to 1100 just because of property tax and absurd insurance rates.

[@valdivia1234567]

Same here.

[@UniqueJ]

Same here. Insurance for the year was about 9XX when I first got my home in 2021 (with a 2.7 interest rate 🙂) Now the yearly insurance rate is 1,1XX (more than double😡) then there's the tax increase. 😒🤬

[@paullowell3342]

You shouldn’t be escrowing your taxes/insurance. 1,100 is crazy low btw. You’re doin much better than most

[@talkingcrow6385]

Same went from 1100 to 1550. All taxes and insurance

[@bobbyhernandez9558]

@@paullowell3342 thanks, yeah we won't be making that mistake again

[@snootyfox.indahouse]

God bless those who are working hard every single damn day to get through this madness. Stay strong everyone!

[@brandonburns5365]

I think paying off your mortgage is the best way to go. I think one of the benefits that is undervalued is. The peace of mind of knowing as long as you keep up with your property taxes, keeps a roof over you and your love ones. Especially during times like this.

[@bennym1956]

Especially when you retire.

[@lisadinthongsai1383]

Well said

[@prevailathletics2951]

It depends on your own goals. If you are content with the life you live and house you live in then yes pay down your house. If you are trying to grow and leverage yourself during this time then don’t pay your house off.

[@todddunn945]

Plus you can save some or all of the money that was going for your mortgage.

[@riderdie1603]

Realistically it’s probably better for people, since most won’t actually take the difference and keep it in the savings account they’ll just increase their standard of living.

[@austininmedford]

The only youtube channel I consistently watch for information about the economy. Thanks!

[@never2be07]

Better than CNN

[@dankcastle9092]

Yup, without bias noise

[@misslady582]

Agreed. When I started following his channel for covid news... the financial updates were super helpful when I was in school studying for my bachelor's degree in finance. 😊

[@feelgoodsongs1]

The best channel for sure! Thank you!

[@mwashi401]

Me too! Brian is on point!!

[@brettsinger4924]

Since the pandemic property taxes for me rose over $4400.

[@justacinnamonbun8658]

I have to buy a house this year, I have no choice, I've been waiting since 2019 and the family grew, it's too big and I'm not renting a 3 bedroom apartment or house for what I can pay for it on a mortgage. Not looking for anything fancy, as long as the roof and foundation is good that's all I need, I can fix everything in between.

[@harveytaylor0101]

Facts

[@goler6477]

should have bought in 2019, good luck with inflated prices

[@11bftw]

Iterating you should have bought in 2019, this channel helped me make that choice.

[@House_hacker_619]

Make sure you shop for rates preferably broker

[@ychongy]

Just Be prepared to refinance

[@waltersoapjack6123]

Best investing KZbin channel. No frills, no theatrics, facts, and solid information. Thank you

[@mwashi401]

Absolutely!! Love his transparency!

[@Honeycomblife]

Exactly I hate the other stupid channels with click bait and fire graphics and dramatics

[@cessealbeach]

I am on group one, Paying 1.99% APR on , Got 10 years left. Staying PUT, No plans to sell the house . Loving it

[@martytempleton3734]

I’m in the “just surviving”bracket 😮 $2369 is my mortgage at 6.25%ish . It does feel “ brutal” but renting was about the same amount for a 3 bedroom.

[@Liquid_spirits88]

Oooof. I had the same interest rate before I financed in 2021. I went from 6.25% to 2.875. My payment dropped by around $500. Insane how much more you pay. Hopefully it changes soon.❤

[@antareschen4451]

Mine at 6.75% 😂

[@gunerguner3260]

Just locked in at %6.99😫

[@tdf123emcee2]

You can always refinance. Jeez.

[@piusjrna1]

Wow. It’s crazy man, my numbers are the exact same. I’m signing ✍️ on Monday.

[@coder_117]

I have a 2.75% mortgage & feel like it's bittersweet. Sweet because it's a very low rate. Bitter because now I'm trapped. I can't go anywhere if i wanted to because literally any other house is going to have a higher interest rate that I probably wouldn't be able to afford.

[@A77-c5h]

The fabled "golden handcuffs"...

[@lindawalker5144]

I can relate! Bittersweet

[@traciewebster4175]

Same

[@Soleaux2412]

All facts. 2.75% this way too

[@SLHJR0390]

rent it out and move.

[@crruzzzer1]

Thanks so much for your no BS information and opinions. I so want a brand new car. I don't need it, I just want it. I have a good car already. Instead, I used my down payment to get a few bank CDs. I'll just wait for better times.

[@peacefulruler1]

Car market is crashing now…wait till October and you’ll save $$$

[@GNX157]

I wish I’d of known, id of told you to avoid cds at the moment until it looks like rates are going to break down. For right now doing some 28 day t bills thru treasury direct would have been better. 5.28% plus earnings are state tax free.

[@ancientoneyog-sothoth6112]

Paid off house yes u have insurance and prop taxes but mortgage paid off is PRICELESS

[@Boostleaked]

You do not need home insurance if your house is paid off. Only lenders require you have home insurance. Check with your local and state laws to confirm.

[@CheekiTiki]

@@Boostleaked Insurance is mathemtaically designed to lose most people money in the long run, so I get the appeal of not paying for it. Self insuring a whole ass house tho? That's very risky imho. A decent amount of thought and planning needs to go into that decision.

[@RealMTBAddict]

​@@Boostleakeddon't need it but it's a very good idea to have it.

[@303inthegymaurora3]

I have been watching you since you used to have an orchid in the background. You have helped me understand so many things over the years. Thank you for the information you share with us. It truly has helped me. Thank you for all the time you have put in doing these videos. Thank you.

[@kyleestrada1222]

As a homeowner my plan is to wait for the rate cuts and once the house buying frenzy begins again im going to sell and move to Mexico.

[@mainegreengrower4209]

Hahaha!! Love it

[@dzrtfleet3596]

Smartest comment I have seen

[@novembrluv]

I want to do this as well.

[@LEGOAgenda]

That’s the most dumb thing you can do. Mexico is crap and dangerous 💩. Go somewhere else

[@AB-yr2eo]

Thank you for confirming my bias. I got in at 7% last year and I've been paying down my mortgage like crazy, basically double the amount because I'd like to have it paid off ASAP without paying hundreds of thousands of dollars in additional interest. I have an emergency fund but I don't plan on saving any extra cash anytime soon. That's all going to my mortgage.

[@YouKnowItMang]

GET ER DONE BRO!

[@jt7200]

Git it done 🎉

[@steveholmes1736]

I find your comment spot on! Home prices will certainly rise as interest rates fall next year and beyond. Surviving is the key point during this time. Good luck to everybody.

[@EPPOTTER-k6i]

Perfect timing. Im shopping around for insurance quotes, it went up by $1500! No claims or nothing, simply inflation. We are 22K away, with 4.75 interest, we are aiming to paying off our mortgage this year, we want peace in mind.

[@TT-co3gj]

Spot on. Buyers - listen to him, do not overpay. Seeing too many folks getting caught up in FOMO. You or you agent needs to be looking at comps. Do not be the one person in the neighborhood that has set the bar for new high value.

[@LivingRetirement]

Once again, excellent video. I 100% agree with you; if you need to buy a home, do it now. Prices will just go up. My roofer just told me that since October last year, prices for shingles went up by 23%! Plus: If you buy now and rates fall later on, do refinancing. But always do a fixed rate loan.

[@journey2zee]

Closed in January 2024, 330k 4/2 2580/per month, 6.6% interest. Thank goodness my fiance and I can afford the mortgage. Better than renting but boy the responsibilities of home ownership are NO joke! 😅

[@JesusLeee-i9r]

I recently sold my condo for $400k and i want to invest the money in the stock market. However, it appears the market is at an all-time high. Should I invest elsewhere or wait for a market correction?

[@LUCIASMITH-d1z]

The stock market is risky But staying on the sidelines is riskier. Missing the next bull run will be far more costly to your long-term wealth than getting in at the "right price". Consult a financial advisor if you're unsure how to proceed.

[@JacobsErick-u8r]

Mind if I look up your advisor please? I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now

[@mimim8532]

Oh my god! Don’t! Gold! You could loose it all!

[@lopilip]

time in the market always beats timing the market for the average person.

[@jude999]

It will crash soon. Countries will soon be abandoned in the US dollar. Put it into gold. The only risk with that is the government could outlaw it like they did under FDR

[@mtc-j9i]

I’m in category 1, and you absolutely nailed it. No, I haven’t hit the lottery, but the county tax assessor sure seems to think I have!! The more my house is “worth,” the more money they take from me every year 😂

[@lizr2438]

I paid off my house in 2015 and have been debt free! Loving every single day!❤❤

[@ronpagala7496]

You owe the government property tax.

[@droyal104]

​@@ronpagala7496not letting the devil steal his joy! 💯

[@Ms.MD7]

Congratulations

[@Theashleydenise]

Im group #1…im staying put and will just continue to remodel and do updates. Prices are getting more ridiculous out here!

[@markigirl2757]

Sameeee I always have to remind my husband to be grateful we own this home we have currently 😅

[@Honeycomblife]

Same! I'ma stay my butt here ! 😂

[@deesharii4893]

Exactly!! It’s not that serious.

[@Ms.MD7]

Same boat lol I'm trying to make it as pretty as I go

[@bossnutz]

Hmmm spending more money seems like the very opposite thing to do 😢

[@turbografx7]

paid the house off last year, best decision of my life. rental property is nearly paid off, and have been focusing on maxing out both ROTHs and investing in other ways. with 3 kids, no debt outside the rental has made life much essier. this video is fantastic advice, thanks for all the great content!

[@christalisaias7236]

Congratulations!

[@daviddavis6745]

We bought brand new construction with 5.75% last year. June 26,2023. You nailed it! All we can do is try and SURVIVE 🙏

[@rstscott]

You should be happy at 5.75%. Twenty years ago that was considered impossible. In fact, it’s quite possible rates won’t return to those levels for many years.

[@nanciemua760]

We are on the same boat with interest and year we bought it for. Just trying to survive

[@Koushi82]

New is cheaper than old yep

[@ccnaz1]

We Bought February 2023 with 5.9 🙏🏽

[@RealMTBAddict]

Got my first house in October 2024 and my rate is 5.5%.

[@weavrmom]

This advice is all totally solid. Am nearly 70, have seen it all, and this is all honest truth. It's important to learn your local market, know your financial limits, and be ready to move instantly, but with prudence. Great channel, thanks!

[@karenreiners5226]

The honesty is why I keep watching. Don't be sorry! Thank you for all the help!

[@icecoldthegeneral]

Your channel is the only channel that makes any sense in this day & age

[@SignalCorps1]

As someone who has invested in real estate for decades, worked in jobs with heavy finance components and have my MBA in Finance, this man is giving excellent advice across the board. There is nothing I disagree with other than homes are so overvalued at present that I’m not certain real estate prices will go up when the Fed finally starts dropping rates. I think metros that boomed during COVID need to correct first, but this is just speculation on my part. Listen to this man if you’re not experienced in this area. All the best

[@B126USMC]

Real estate prices will go down. Everything will suffer 'deflation'. Whoever says when rates come down, home prices will go up......trying to dupe you.Of course, I'm sure they have some 'personal' motivation to lie to you.

[@milan2cu]

You're spot on lol. RE Markets are heading towards the greatest collapse in history that will make the 2008 collapse look insignificant. Positively the worst time to buy. You'll be Left underwater on your Mortgage just like 2008. Typical American stupidity. We don't learn from our mistakes History repeats itself.

[@crystalline9098]

I’ve been thinking about this statement as well. I’m not sure if the houses are overpriced or overvalued. I think the average increase in home prices is 5-10% each year one owns that property. So find a home built in 1994 or something long time ago and then track its appreciation value over time from its base pricing. Is the overall value currently 5-10% each year? I did that to one neighborhood thinking it was inflated (3000 sqft home built in 1990s built for about $180-200k) and it wasn’t, it barely came close to the value it should be and I was quite surprised. Sure some areas in US might be overvalued but many just might be at the price it’s supposed to be. It’s our wages that haven’t been keeping up. I think the highs and lows and the rest that came from the 2008 and after crash kinda got us feeling like home prices are over inflated and they for the most part aren’t.

[@SignalCorps1]

@@crystalline9098 good comment. Historically homes on average have appreciated about 3.5% per year, but that norm has probably been broken with the amount of money printing over the last several years. With that said, in my opinions 5% might be a better gauge, but 10% is too high. Cheers

[@crystalline9098]

@ let me see… I originally thought it was 5% but found data that showed it was higher than 5%. Let me see if I can find that same data.

[@normaharrington6246]

You were correct on all counts. Im at 3% mortgage, and I split my money between retirement and savings. You need savings because home maintenance happens. The water heater cost me over 2,000 last year. A/C was over $5,000.

[@CarlConrad-n1x]

Water Heater install is ridiculous these days Jan 24 local company wanted over 2000 to install heater. I had water heater I bought & they said over $1700 to install. Should take them 2 hrs. to install & minimal parts. They’re not worth hundreds of dollars an hour. Did it myself-learned the hard way & took forever but $1700 for 2 hrs. or less or work is evil. I won’t even consider them for any work in the future. No one pays me $1000 per hour.

[@NicholasJames3l]

Investments are the roots of financial security; the deeper they grow, the stronger your future will be."

[@JulianBenjamin3d]

The deeper your investment roots, the stronger your financial security will be in the future.

[@ChristopherJeffreynx8]

Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.

[@SofiaJames9H]

I would love an introduction to an adviser who can help me strengthen my financial roots.

[@ChristopherJeffreynx8]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

[@SofiaJames9H]

Thank you for this amazing tip. I just looked the name up and wrote her.

[@joelb08]

Group 1 here. 3.6%. We bought 9 years ago. House has gone up pretty nicely in value but like you said, who cares? It really means nothing to sell high and buy high. We are heavily prioritizing paying off the mortgage. One less payment every month to help us be ready to weather any coming storm.

[@Ally-vp4ks]

Same

[@barium0u812]

I'm # 3 Paid off our 3% mortgage in 2021 and the feeling of debt free from creditors is Life!

[@shouse94]

Should have kept that low loan and took the surplus money to stocks.

[@barium0u812]

@@shouse94 Who said I didn't take that savings and invested? Not me.

[@cyrusm3391]

​@@barium0u812 your biggest investment asset besides stocks WAS your home. Right now has the least risk compared to stocks too. Shouldve kept it.

[@barium0u812]

​@@cyrusm3391I purchased Gold when it was $1800 and look now.

[@deshawndac4163]

Well, now the mortgage is paid. And they still have the amount that the mortgage was, as surplus money. ​@shouse94

[@jrey3]

Thank you, Brian. I felt like this video spoke to me personally. I didn’t fully understand everything you said; luckily, I can save this video and rewatch it until I do. You have restored my faith in humanity 😂. No clickbait, no gimmicks, just numbers and facts.

[@anthonythevettedude8270]

I have a family member that sold there home and bought a double wide manufactured home for 60k and bought land and put it on.now they only pay taxes yearly

[@amandabrau-v6w]

That’s our plan in the next 2 years!

[@anthonythevettedude8270]

@user-xj3ck5oy2x yes there's alot of people saying this same thing!ESPECIALLY IN FLORIDA

[@donnapatacchiola6942]

Their home

[@stephnejele2483]

Your home is never paid off - you will always pay insurance, maintenance, and property taxes. 'They' can always take it thru eminent domain.

[@ProfessionalDropOut422]

Eminent domain is a crazy concept considering all they have to give you is a “fair price”

[@mimim8532]

Owning your home is better than paying rent-

[@captainedwardjsmith1640]

7% isnt high, but the home prices are.

[@NaiSaetern-tp6fi]

Just paid off my house. More saving

[@EvangelismforGod]

Congratulations!

[@nikkistringer5799]

Me too

[@bucknut9475]

Congratulations and well done

[@TereseLeigh]

Congrats!!! 🎉

[@marlonlicup10]

Paid mine off in 2020!

[@ImmortalThor13]

Best line of the video: just because you can, doesn't mean you should. 👏

[@moneymakingmittch]

I hesitated, found 2.7 acres for 10k, slept on it and by morning it was sold

[@TexasAlienBreeders]

Probably financed. Which isn’t bought.

[@giovannidigitalart]

Love the advice. Specially the part about not waiting to buy. The time is right when you are and prices most likely will sky rocket when interest go down because everyone on the sidelines will jump in. Supply and demand 101. Love the truthfulness and straight-up no-nonsense talk. Thanks.

[@davidnunez8777]

I paid off the house and not only do I save on interest payments, I save over $6000 annually on homeowners insurance. Is there a risk in self insuring your home? For sure., but this home has stood the test of time and survived every single hurricane since it was built in 1954. I'll take my chances.

[@pamelawoodall5891]

I’m thinking of doing the same thing .

[@Koyotee25]

Louisiana?

[@davidnunez8777]

Florida

[@robgonzalez6255]

You have more balls than i do, i pay those crooks 4k yearly just because if the house burns down, i would be ruined financially.

[@scottcoleman2876]

If the country goes sideways I'd rather own my house outright in case of job loss.

[@alinavoron5659]

Yeah. As long as you can afford Propert taxes and insurance that went up for me personally 25% in just 1 year.

[@deshawndac4163]

Exactly.

[@Trump2024musthappen]

@@alinavoron5659property taxes isn't that much Burger King workers could pay that electricity, oil to heat it and still have money left over

[@fah232]

But you'll still have property taxes.

[@thebigballer2434]

if the country goes sideways your house will become worthless. better to rent and have the flexibility to flee the country in that case

[@Professor_Giggles]

As someone who’s in finance and toured homes, Brian is right on the money and always delivering facts 💯

[@managingmonasmoula9811]

Yes, I’m in group # 1. Aggressively trying to pay off my mortgage too. My goal is to pay it off in 11 years and 1 month, by December 2026. My interest rate is 3.75%. Yes, current mortgage interest rates are so high, I cannot imagine paying! Yes, taxes and insurance have both gone up!

[@trisha1989]

We are in the same situation mine is November 2026. Good luck 🍀

[@yanetgarcia657]

I can’t thank you enough. I’ve been searching for months through all KZbin channels with this related content and I was not able to find an answer to all my questions. Today I just found it with the great content you provided. Thank you so much for sharing your knowledge and expertise with us!!!

[@catherinn.951]

I love your perspective and your approach. One of the things you didn’t touch on is the notion of risks per scenario. You are totally right for all, and especially people who wait for the rates to go down and the reality that awaits them (increase of house prices and competitive market). You mentioned the risk associated in waiting but you didn’t for the other scenarios. Great content, very educational

[@warlok363]

Personally, i paid off my mortgage in six years when i had a 3.75% on it after max retirement contributions. It was always better for me to take Standard Deduction. In Texas, you do have some benefits legally when you own your primary home outright. One thing if you get sued, they can't take your home. Just pay your taxes and HOA if you got one Anyone else can get bent.

[@kingcesar23]

My man Brian is the GOAT! 🐐 All this value he is giving at no cost is crazy!! Keep up the great work man. 💪🏼

[@EmanM45]

This is one of the best channels on KZbin in my opinion for me anyway. Solid information and write to the point and explained well for as common folk lol

[@TheHockeyFanClub]

The way you break down perspectives to highlight the benefits of each decision is great. The world, the market, everything is changing fast. Being able to evaluate our own situation is crucial before making the biggest purchase of our lives. Learned so much from you, thank you..

[@jayc4715]

I hate debt...paid off house is always good..less stress

[@stevem-zk6ki]

Thank you for the consistency and quality

[@clearvaluetax9382]

Thank you for getting here so fast!

[@EmanM45]

3.5% here. Cannot see selling

[@jonrios1389]

Most of us don’t have the money for a home now of days

[@harveytaylor0101]

That’s why you research and understand how to buy

[@marvincruz7803]

Most? 🤨

[@Hanzo741]

If you can pay $2000 rent, you can do it.

[@richmercedes]

2.75%…nothing is getting me out of this rate.

[@NurseMJ986]

2.5%. I feel so blessed to have refinanced during covid.

[@hopoutside]

2.25%…same

[@DR-oy9wc]

Watch how they raise everything else besides your fix rates. They want us to own nothing, remember that.

[@SensSword]

2.25% as well with less than $150k to go on the mortgage.

[@Liquid_spirits88]

2.875% hehehe. Refinanced during covid. ❤

[@obrienfinancial]

2.34% and no credit card debt 🎉🎉

[@preciousgem6506]

Hey Brian! I bought a home 2 years ago. Multi family. Glad I made this decision . Interest rate was at 2.50% however I agreed to a 3% interest rate to avoid the PMI because I needed the 20% down and I only had 10% down payment. but avoided paying that crazy PMI. Thanks for all your help you are truly amazing. Yes! For those who do not know you do not need to pay for PMI even if you don’t put down the 20%. Avoided at all cost. It’s a killer. I saved over 75,000 for 30 years just because I avoided the PMI.

[@Ms.MD7]

I was blessed to pay off the PMI and while it hurt, it's a blessing to have very reasonable mortgage every month.

[@renobrecords]

I really appriciate this. I'm unfortuntely in group 2 but luckily was able to put down 20% and avoid PMI.

[@lexilexi8548]

That’s great! 🙌🏾

[@chrisitianbeatz]

Same...

[@heyitsbroski]

Group #1 represent!!! Tap that like button to show support for one another.

[@deandrajanae1769]

Thank you for all the honest advice! been with you since stimulus checks! i always trust you 🎉

[@mmaranan]

I got 2.35% on mine. I was so happy I told 7 of my friends to refinance too, 5 families did, 1 tried but denied and the other 1 is regretting it terribly for not doing it.

[@stephanieb6461]

Everything about this guy is golden ! Thank you ! Sincelery- an over stimulated mom

[@barrybarry8564]

Speaking of savings. Get treasury bills. I like the 4 week. Its like 5.28% AND no state income tax. Take advantage while theyre actually paying.

[@MCC876]

If you are early in your mortgage paying $1,000 to principal will save you thousands of dollars in interest.

[@mmontes510]

Do the 13th payment strat and life gonna be much better

[@cheeto9]

You can also accomplish this by paying every 2 weeks instead of once per month

[@mmontes510]

Same thing if you divide your mortage by 12 and pay that much extra every month additionally to the principle

[@mmontes510]

Shave off 7 years at least with that minimum

[@godschild2-yd3jy]

I pay $800 towards principal monthly because interest is highest in the first 10 years.

[@dng7656]

Thank you. I'm in group 1 and I have been thinking about this exact topic. Great advice and you saved me so much time.

[@lastspring]

6:34 Plus many companies offer a percentage match. Plus if you didn't, the money would be taxed and withheld at 22% (for example). So you received a 22% bonus on the contribution, plus matching, plus tax free growth, plus compounding.

[@mamat792]

I've been in my Colorado home not quite 3 yrs. Property tax this yr went up at least 33% and home ins has gone up every yr - this yr 47%. How is that possible they are allowed to raise home ins by 47%? Who do you write to to complain about this? Love your informative videos. Thank you

[@prasannagaikwad2349]

Hey Brian, thanks a lot for your advice, its crystal clear. For me buying a house is not an investment, it's a necessity, I will just buy when something comes that meets my requirements and something I can survive with and the follow your advice for category 2. Thanks again!

[@mainegreengrower4209]

You got it..just dont buy something over priced..i see alot of 30-40 yo buying 500-700k homes and working from home..its going to bite them in the ass eventually

[@milescreative4293]

Wow, I have a 2.25 APR 30 VA loan! I am truly blessed 😅

[@justmee9441]

Same at 2.8

[@bluecalleredlife8123]

The only optimistic thing that happened during covid, got my down from 3.1 to 2.5 cause of this. God bless

[@ronpagala7496]

1.875%

[@dcg590]

@@ronpagala7496me too 1.8 for 15 years which we got in 2021. We will pay it off about 14 payments early by applying principal payment every month as we go! House worth $600k right now. Can’t imagine in another 11 years when it’s paid for.

[@buynsellworld1285]

Free money amazing

[@anthonygreene562]

Thanks for the free advice. My purchase went through at 6.25 at the end of January. I'm thinking that I'm in a sweet spot since I'm paying ZERO property taxes and a less than $1500/yr homeowners insurance policy. I intend to be here around 8-10 years at max. I pulled the trigger on purchase after comparing my upcoming rent increase of over $2100 for a 3BR. And my mortgage is cheaper by $400 and I have the ability to get a mortgage interest tax break every year. Renting was totally out of the question for me.

[@SonNguyen-fc2xg]

Excellent advices. I own my home free and clear since 2007. I paid it off rather quickly to avoid paying interest and I’ve always take standard deduction on my taxes. I will send this video clip to some of my younger friends who still have mortgages. They‘ve been asking me about savings, CDs, BMI, paying down the principle etc and I basically told them the same thing. I like the last advice. “As interest goes down, home prices will go up. So, buy now and deal with your high interest later”. Excellent video clip!

[@przemekm9161]

Thanks!

[@Chaosmite]

I refinanced in 2021 to get 2.125% down from 3.875% in 2013

[@LadyVA0422]

I was able to lock in a 3.8% rate in Feb 2022 on a new construction. If I didn’t by the time I closed in Oct 2022 interest rates was at 7%. I pray for the day I’ll ever see low 3%

[@Chaosmite]

@ you’ll save a lot from interest if you do a bi-weekly payments. So half the month mortgage every two weeks. You’ll end up making 13 payments a year instead of 12 and the 13th is 100% towards principal. If you do nothing else other than this, you’ll pay it off in 23 years instead of 30 and save thousands on interest.

[@dominicanyorktalk4980]

Thank you for providing this information in plain English. This is the most useful channel I'm subscribed to. Really making a difference.

[@EJ84x]

4.5% interest rate....investing 30%, already have an emergency fund, no other debts, so putting everything else into the mortgage....im over it and want it gone

[@PunkRockGardener]

I feel that, good luck!

[@kenyonbissett3512]

You will love the freedom that being mortgage free allows.

[@EJ84x]

@@kenyonbissett3512 Hoping to have it gone in the next year....two at most, can't wait

[@kenyonbissett3512]

@@EJ84x you won’t regret it. So many other doors seemed to open, endless possibilities. Just remember, it’s part of your journey not the journey.

[@desco7628]

Same here !

[@DawnaRo]

I'm 80 years old and obviously my home is paid for. I had it built in 2016 and sold my previous home hich was paid for. We have been in all of these scenario's except the 3^ interest. It was NEVER that low at any time for us. Let me just say that this young man is giving excellent advice in this video. I agree with "pay down your mortgage." You can live pretty well when you have no mortgage and no car payment. In todays world that's like making an additional $40K to $50K a year.

[@WlmFjb]

Thank you for everything you do. I watch you a kot, and i have gained a lot of knowledge watching you as well. God bless.

[@DM-op9tp]

Brian you've always been honest since I came across your posting.

[@SaintNic859]

Love this man and I never met him 🙏🏾 honor and respect from the bay 💯

[@frankoh3193]

In my case, I paid off my primary home (with the 3% mortgage) using the stock earnings during COVID-19. My first priority was peace of mind not having the mortgage on my primary residence after COVID.

[@st3v3nyun]

6.1%, 800k, brand new home in Seattle. Wife expecting. Scary but exciting and grateful!

[@TereseLeigh]

Congrats on your soon to be new baby and your new home. Blessings to you!! 🎉

[@dawnfire82]

Hope it works out. That's a big bill.

[@eugeniebreida]

That’s cheap for Seattle, congrats!

[@ligaaa30]

That's my goal now. Survive

[@Myacc123]

I like that your videos dont have overly catchy headlines and also unnecessary facial expressions like other videos out there

[@thesuperdingos]

Property tax’s and homeowners insurance…be careful for that! That’s how they’re gonna try to get people

[@43178]

Yeah. Our property tax has gone up twice, and we've had our townhouse for only three years.

[@DR-oy9wc]

💯 correct

[@EJ84x]

I never understood the term priced out of your house until I bought one and had to start dealing with my escrow and then it made so much sense

[@Samurai31631]

To the OP. I found it odd that they want to cut interest rates. Your comment makes sense. Cut rates, inflate home prices, increase property taxes and insurance costs. The Fed and the US Gov’t are diabolical.

[@CheekiTiki]

@@43178 Exact same situation for me as someone who bought a townhome near a major city. I was pretty surprised at how quickly they change.

[@Mockaflocka]

The most honest home buying advice you could ever receive today 👏👏

[@marvinnichols2819]

THANK YOU SO MUCH. We should listen to you and things will be alright.

[@vivettewilsonbrown]

Group #2 here, I am surviving with a 6.25 interest rate. Thanks Brian!

[@818javi]

5.8 interest here trying to survive

[@riskanet]

Today national average is 7.9% means you got lucky with 6.25. Congrats 😅😅

[@samaya05]

5.5 here sheesh!

[@vivettewilsonbrown]

@@riskanet At the time, we didn't feel lucky, but now I am glad we did it.

[@sergetinc1344]

Also prices of houses are through the roof. I’m lucky to own and got out of that unforgiving market.

[@flowerlee4727]

Fed needs to raise interest rate higher to correct real estate price instead of cutting interest rate.

[@knockout_wj8886]

Im just going to live in my truck. Gave up on ever having a home again. Im only going to live maybe 5 or 10 years at the most. A nursing home actually would be great. Unfortunately im not old enough yet to move into one.

[@g8rayrr]

You never disappoint with your videos my guy. Very explanatory and understandable. I'm in the first boat (2.99% rate) over 200k in equity. I'm rooted in my house. Paid off house is the goal.

[@allofthenames77]

I don’t care how low your mortgage interest is right now. Please focus on getting out of debt, including paying off your car and home. 🙏🏾

[@RealMTBAddict]

A mortgage isn't considered debt.