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🔥 Are you tired of drowning in credit card debt and overspending on things you don't need? If so, I've got the perfect solution for you! Introducing the ultimate Money Game Challenge that has helped me, a once-habitual spender, achieve financial freedom and eliminate my credit card debt! 💸🚀 In this video, I share my incredible journey from being a shopaholic to becoming debt-free, all thanks to a simple, yet life-changing game I created. This game is not only fun and addictive but also helps you make better financial decisions and prioritize your expenses. 🤑💡 I'll walk you through the easy-to-follow rules of the Money Game and explain how you can use it to redirect your impulsive spending towards paying down your credit card debt. Watch as I reveal the secret sauce that has transformed my finances and changed my life for the better! 🌟💳 Don't forget to hit that like button, share this game-changing strategy with your friends, and subscribe to my channel for more amazing content on personal finance and money-saving hacks. Be sure to leave a comment below sharing your experience with the Money Game Challenge and any tips you've discovered along the way. Let's conquer our debt together and build a community of financially savvy individuals! 💪🌐 Join me on this exciting journey towards financial freedom, and let's kick that credit card debt to the curb! 🚫🏃‍♂️ #MoneyGameChallenge #DebtFree #CreditCardDebt #FinancialFreedom #PersonalFinance #SavingTips #MoneyHacks #DebtElimination #MoneyManagement #Budgeting #ShopaholicRecovery #ImpulsiveSpending #SmartMoneyMoves #DebtCrushing #DebtDestroyer ⚠️ Disclaimer: This video is for entertainment and informational purposes only. It should not be considered financial or professional advice. Please consult with a financial advisor before making any significant financial decisions.
Try This Game & Watch Your Credit Card Debt Vanish #financialfreedom #entrepreneur #financialgoals
Are you planning on buying a home but are feeling overwhelmed by the idea of taking out a mortgage? Don't let common mortgage myths hold you back from achieving your dream of homeownership. In this video, we'll debunk three of the most persistent mortgage myths and give you the facts you need to make an informed decision about home financing. Myth #1: You need a 20% down payment to buy a house. Many potential homebuyers believe that a 20% down payment is required to purchase a home. However, this myth simply isn't true. There are various mortgage programs available that require a much lower down payment. For example, FHA loans may only require a 3.5% down payment, while VA and USDA loans sometimes don't require any down payment at all. This makes homeownership more accessible to a wider range of potential buyers. Myth #2: The only thing you should worry about is your credit score when applying for a mortgage. While your credit score is an important factor in determining your eligibility for a mortgage, it's not the only thing lenders consider. Other factors, such as your debt-to-income ratio, employment history, and overall financial stability, are also evaluated. A high credit score alone may not guarantee mortgage approval if other aspects of your financial profile are less favorable. Myth #3: You should always choose the mortgage with the lowest interest rate. Although a lower interest rate may seem more attractive, it doesn't always guarantee the best mortgage option. It's important to also consider the loan term and any fees associated with the mortgage, as these factors can significantly impact the total cost of the loan. For instance, a mortgage with a slightly higher interest rate but lower fees or a shorter loan term could ultimately save you more money over the life of the loan. Always compare multiple offers and consider the overall costs before making a decision. By busting these mortgage myths, we hope to give you the confidence to explore your options and find a mortgage that works for you. Whether you're a first-time homebuyer or looking to refinance your existing mortgage, it's important to understand the facts about home financing. #MortgageMyths #HomebuyingTips #Downpayment #CreditScore #InterestRates #MortgageTips #RealEstateAdvice #LoanTerm #Homeownership #FinancialWisdom #FHALoans #VALoans #USDALoans #DebtToIncomeRatio #EmploymentHistory #CostOfLoan #TotalCost #HomeFinancing #FirstTimeHomebuyer #Refinance
The Biggest Lies You've Been Told About Mortgages #realestate #shorts #mortgage #entrepreneur
Attention all homebuyers and mortgage industry professionals! Big changes are coming to the mortgage industry starting May 1st, 2023. The Federal Housing Finance Agency (FHFA) has announced changes to the loan level pricing adjustment (LLPA) for conventional mortgages that could have a significant impact on your borrowing costs. This video provides an in-depth analysis of the LLPA changes, including how they will affect your mortgage rates, fees, and overall borrowing costs. The video also discusses the rationale behind the changes, as well as tips for navigating the new landscape. Whether you're a first-time homebuyer, a seasoned real estate investor, or a mortgage industry professional, it's crucial to stay informed about the LLPA changes to make the best decisions for your financial future. Don't miss out on this important information - watch this video now to learn more about the LLPA changes coming in May 2023! #LLPA #mortgageindustry #mortgagerates #FHFA #conventionalmortgage #homeloan #homebuying #realestateinvesting #borrowingcosts #financialfuture #mortgagefees #loanmodification #loanapplication #loanapproval #mortgagelender #mortgagebroker #mortgagepayments #homemortgage #homefinancing #mortgageadvice #mortgagespecialist #homeloanspecialist #homeloanexpert #mortgageplanning #mortgageprotection #financialplanning #financialeducation #mortgageservices #mortgagehelp
Joe Biden Hates Responsible Americans #credit #interestrates #mortgage #shorts #realestate
The Ultimate Guide to House Hacking for First-Time Homebuyers | Fred Chilton Are you a first time homebuyer struggling with the thought of taking on a large mortgage? Are you worried about how you'll be able to afford your mortgage payments for the next 30 years? If so, you're not alone. Many first time homebuyers are facing these same challenges, but there's a solution that can help you break free from the mortgage trap: house hacking. House hacking is a strategy that allows you to use your home to generate income and offset your mortgage costs. By renting out part of your home, you can reduce or even eliminate your mortgage payment, while also building equity and creating a passive income stream. In this video, we'll show you how house hacking works and why it's the perfect solution for first time homebuyers. You'll learn: What house hacking is and how it can benefit you as a first time homebuyer The different types of house hacking strategies you can use, including renting out a room, renting out a portion of your home, and even renting out your entire home How to find the right property for house hacking, including factors like location, layout, and zoning laws Tips for successfully managing your rental property, including finding good tenants, setting rental rates, and dealing with maintenance issues By the end of this video, you'll have a clear understanding of how house hacking works and how you can use it to break free from the mortgage trap and achieve financial independence. So, whether you're a first time homebuyer or just looking for a way to reduce your housing costs, be sure to watch this video and discover the power of house hacking. If you're ready to get started with house hacking, be sure to use the following hashtags to connect with other like-minded individuals and stay up to date on the latest house hacking news and tips: #househacking #realestateinvesting #passiveincome #financialindependence #mortgagefree #rentalproperty #firsttimehomebuyer #propertyinvestment #housingmarket #realestatefinance #homemortgage #investmentstrategy #rentalincome #propertymanagement #mortgagehack #housingcosts #investingtips #mortgagetrap #financialfreedom #homeloan #investmentproperty #landlordlife #propertyinvestor #realestateeducation #realestateadvice #realestatetips #realestateinvestor #realestatecoach #propertyownership
The Ultimate Guide to House Hacking for First Time Homebuyers
Attention all homeowners and potential homebuyers! If you're wondering about 40-year mortgages, you've come to the right place. There's been a lot of buzz about 40-year FHA mortgages lately, but the truth is, they don't exist...yet. There was a bit of a mix-up in the mortgage industry, and some misinformation was spread. But fear not, because we're here to set the record straight and provide some helpful insights. First of all, if you're struggling to keep up with your mortgage payments, a loan modification could be a lifesaver. By extending your mortgage from 30 years to 40 (or even 50!), you can prevent foreclosure and keep your home sweet home. It's important to note that loan modifications are not guaranteed, and there are certain criteria that must be met. But if you're eligible, it could be a game changer. Now, let's talk about the big question: Should you opt for a 40-year mortgage when buying a home? It's certainly an attractive option, as it can lower your monthly payments and make homeownership more affordable. However, it's important to weigh the pros and cons before making a decision. One advantage of a 40-year mortgage is that it can make it easier to qualify for a larger loan, as the monthly payments are lower. This can be especially beneficial for first-time homebuyers or those with lower incomes. Additionally, if you plan to stay in your home for a long time, a 40-year mortgage can provide more flexibility with your budget. On the other hand, there are some potential downsides to consider. One is that you'll end up paying more in interest over the life of the loan, since it's spread out over a longer period of time. This can add up to tens of thousands of dollars over the years. Additionally, if you plan to sell your home before the end of the 40-year term, you may not build as much equity as you would with a 30-year mortgage. Ultimately, the decision of whether to choose a 40-year mortgage is a personal one that depends on your individual financial situation and goals. We recommend consulting with a mortgage professional to explore your options and determine what's right for you. In summary, 40-year FHA mortgages are not yet available, but loan modifications can provide relief for struggling homeowners. When it comes to buying a home, a 40-year mortgage can be a viable option, but it's important to consider the potential advantages and disadvantages. As always, do your research and consult with experts to make the best decision for your unique situation. Don't forget to use these relevant hashtags when sharing this information: #40yearmortgage #homeloans #loanmodification #foreclosure #mortgageindustry #financialfreedom #debtfreejourney #realestateinvesting #housingmarket #mortgagefacts #mortgagehelp #homeownership #mortgagequestions #realestateadvice #mortgagecrisis #financialcrisis #homeowners #homeownershipmatters #mortgagepayments #30yearmortgage #loanoptions #mortgageprofessional #firsttimehomebuyer #homebuyingtips #affordablehousing #equitybuilding #mortgagestrategy #mortgageeducation
Mortgage Industry Crisis: 40 Year Loans Looming #realestate #mortgage #financetips #homebuying
Aspiring homebuyers often fall prey to the 20% down payment myth that they must save up before they can purchase their dream home. However, this is not entirely true, and following this conventional wisdom can negatively impact their finances in the long run. Many people wait and save up 20% to avoid paying Private Mortgage Insurance (PMI), which is an additional cost on top of their mortgage payments. However, while PMI can be a hefty expense, waiting too long to buy a house can also have its drawbacks. The biggest disadvantage of saving up for a 20% down payment is the loss of equity that homebuyers incur. While they save up for the down payment, the value of homes in the market keeps appreciating, and they miss out on the potential increase in equity that they could have gained if they had bought a house earlier. For instance, let's assume that a young couple saves up $60,000 as a down payment for a $300,000 home. They wait for three years to accumulate this amount, during which time the value of homes in the area rises by 5%. They eventually purchase the house for $360,000, but they have lost the opportunity to gain equity on the $60,000 they saved up. Instead, if they had purchased a house three years earlier, they could have gained equity on the appreciating home value, which could have been as much as $54,000. Another downside of waiting to save up for a 20% down payment is the potential increase in mortgage rates. If mortgage rates rise during the waiting period, homebuyers will have to pay higher monthly payments, which could cause financial strain in the long run. Therefore, homebuyers should carefully weigh their options and seek guidance from professionals when deciding on the down payment amount. They must also consider the opportunity cost of waiting to save up for a 20% down payment versus the potential gains in equity that they could have if they bought a house earlier. #homebuying #realestate #downpayment #equity #PMI #mortgage #finance #homeownership #opportunitycost #marketvalue.
The Big Homebuying Mistake: Why 20% Down Can Ruin Your Finances #mortgage #fhaloan #realestate
Build Your House for CHEAP #realestate #mortgage #shorts #construction
Our Economy is Doomed. #financialcollapse #recession #greatdepression #siliconvalleybank
Biweekly mortgage payments are a payment strategy that homeowners can use to pay off their mortgage more quickly and save a significant amount of money in interest payments. Instead of making one monthly payment, homeowners make half of their monthly payment every two weeks. This results in 26 payments per year instead of 12, which can significantly reduce the length of the loan and the amount of interest paid. For example, let's say you have a 30-year mortgage with a principal balance of $200,000 and an interest rate of 4%. If you make the standard monthly payment of $954.83, you will pay a total of $143,739.01 in interest over the life of the loan. However, if you switch to biweekly payments, you would pay $477.42 every two weeks. This would result in paying off your mortgage 8 years earlier and saving $118,754.77 in interest payments. That's a significant amount of money that could be used for other important things like retirement savings or college funds. One of the biggest advantages of biweekly payments is the accelerated payment schedule. Because you are making payments every two weeks, you end up making the equivalent of 13 monthly payments per year instead of 12. This extra payment goes directly towards the principal of the loan, which reduces the amount of interest that accrues over time. As a result, homeowners who use biweekly payments can pay off their mortgage more quickly than those who stick to the traditional monthly payment schedule. Another advantage of biweekly payments is that they can help homeowners budget more effectively. By making smaller payments every two weeks, it can be easier to manage your finances than having to come up with one large payment each month. This can also help to avoid late payments or missed payments, which can damage your credit score. It's important to note that while biweekly payments can save you a significant amount of money in interest over the life of the loan, they may not be the best option for everyone. Homeowners who have adjustable rate mortgages or other types of loans with prepayment penalties may not be able to take advantage of biweekly payments. Additionally, homeowners who are struggling to make their current mortgage payments may find it difficult to switch to biweekly payments without additional financial strain. If you are interested in using biweekly payments to pay off your mortgage more quickly and save money on interest, it's important to talk to your lender first. Not all lenders offer biweekly payment options, and there may be fees associated with setting up the payment plan. Additionally, you should make sure that the biweekly payment plan is structured in a way that is most beneficial to your financial situation. In summary, biweekly payments on mortgages can be a great way to pay off your loan faster and save a significant amount of money in interest payments. However, it's important to carefully consider your financial situation and talk to your lender before making the switch to biweekly payments. With the right plan in place, biweekly payments can help you achieve financial freedom and security. #biweeklypayments #mortgage #financialfreedom #debtfree #savemoney #interestsavings #payoffmortgageearly #moneymanagement #financialplanning #homeownership #budgeting #personalfinance #mortgagestrategy #mortgagetips #financialgoals #financialindependence #mortgagepayments #loanpayoff #financialwellness #mortgagelending #mortgagelife #mortgagehelp #mortgageadvice #financialstrategy #mortgagecalculator #homeloan #mortgagebroker #mortgagepaymentplan #financialsecurity
THE Mortgage Secret Banks Don’t Want You To Know 🫢 #mortgage #realestate #homebuyers #finance
This Will Prevent You From Becoming a Homeowner in 2023 | Fred Chilton Are you tired of renting and ready to take the leap into homeownership? It's an exciting thought, but it can also be overwhelming and confusing…ESPECIALLY if you're not familiar with the process. Luckily, Mortgage Broker Fred Chilton is here to help. In this YouTube video, Fred breaks down the top five steps you need to take to become a homeowner in the next 12 months, as well as some common mistakes to avoid. First things first, Fred can’t stress enough the importance of talking to a lender before you start shopping for a house. "People don't talk to lenders before they go shopping for a home," he explains. "So they're just window shopping, looking for a house without knowing if they're comfortable with the payment." By talking to a lender, preferably a broker, you can get a pre-qualification or pre-approval that will give you a good baseline of where you stand financially and what you need to do to get your dream home. Next, Fred advises reviewing your credit, which is essential for securing a good interest rate on your mortgage. There are a few ways to do this, including getting a soft pull credit check from a broker or checking your credit score on sites like MyFICO.com. Fred emphasizes that a good loan officer can also help you improve your credit score if it's not where you want it to be. Another common mistake that can prevent people from becoming homeowners is having high monthly debts, particularly car payments. Fred recommends paying down as many monthly debts as possible and avoiding buying an expensive car if you're planning on buying a house soon. Your debt-to-income ratio is a crucial factor that lenders consider when approving your mortgage, so it's important to keep it low. Many people believe that they need a 20% down payment to buy a house, which can be a daunting prospect for many. However, Fred points out that you can buy a house with as little as 3% down if you're a first-time homebuyer or 5% down if you've owned a home in the past three years. There are also down payment assistance programs available that can help you get into your dream home sooner. While these programs may come with a slightly higher interest rate, they can be a great option for those who need help with the down payment. Finally, once you have your finances in order, it's time to find a realtor and start house hunting! Fred emphasizes the importance of working with a realtor who respects your pre-qualification or pre-approval and can help you find a house that fits your budget and needs. Overall, Fred's advice is invaluable for anyone looking to become a homeowner in the next 12 months. By following these steps and avoiding common mistakes, you can make your dream of homeownership a reality! #homebuyingtips #homeownership #mortgagebroker #homebuyingmistakes #financialplanning #personalfinance #mortgageadvice #homebuyingprocess #homebuying101 #firsttimehomebuyer #homeloans #homebuyingmadeeasy #creditcheck #debtfree #downpaymentassistance #realestate #househunting #realtor #prequalification #preapproval #mortgagetips #financetips #budgeting #personalfinancetips #investing #wealthmanagement #financialgoals #financialliteracy #moneytips #biweeklypayments #mortgage #financialfreedom #debtfree #savemoney #interestsavings #payoffmortgageearly #moneymanagement #financialplanning #homeownership #budgeting #personalfinance #mortgagestrategy #mortgagetips #financialgoals #financialindependence #mortgagepayments #loanpayoff #financialwellness #mortgagelending #mortgagelife #mortgagehelp #mortgageadvice #financialstrategy #mortgagecalculator #homeloan #mortgagebroker #mortgagepaymentplan #financialsecurity
This Will Prevent You From Becoming A Homeowner (Avoid At All Cost)
Here’s a Secret Big Banks Won’t Tell You | Fred Chilton | Mortgage Buying a property with a low down payment and renting it out a year later is a great way to build wealth through real estate investing. With this strategy, you can leverage your money to buy a property with as little as 3-5% down, live in it for a year, and then rent it out to generate passive income. To start, you'll need to research your local real estate market to find areas where demand for rental properties is high and supply is low. Look for properties that need some work or that are priced below market value. These properties can offer a good return on your investment and allow you to buy with a lower down payment. Once you find a property, you'll need to save for a down payment of at least 15-20% to get better loan terms and avoid private mortgage insurance (PMI). You can apply for a mortgage and get pre-approved to show the seller that you're a serious buyer. After closing on the property, you'll need to live in it for a year and one day to meet the requirements for owner-occupancy. During this time, you can make any necessary renovations or updates to increase the property's value. After the one-year mark, you can then rent out the property to generate passive income. You can use the rental income to qualify for your next property and repeat the process, gradually building a real estate portfolio that generates passive income and builds wealth. Remember to always do your due diligence and research before investing in any property. Real estate investing can be lucrative, but it's also risky if you don't know what you're doing. With a solid plan and the right guidance, you can build wealth through real estate investing and achieve financial freedom. #realestate #realestateinvesting #mortgage #mortgagerates #financetipsandtricks #homebuyers #firsttimehomebuyer #credit #mortgagebroker #househacking #realestateportfolio #realestatetips #realestatelife
A Secret Big Banks Won’t Tell You #financetips #investingforbeginners #shorts #financialliteracy
The Housing Market Nightmare: Why Buying a Home Just Got Harder #mortgage #realestate #homebuyers
Wealthy individuals have access to a variety of strategies that enable them to minimize or avoid income taxes. One of the primary ways in which rich people avoid income taxes is by making their income on their assets and investments rather than through traditional forms of employment. Unlike regular income from a job, income from investments and assets is subject to different tax treatment. For example, capital gains taxes are typically lower than income taxes, and in some cases, they can be deferred or avoided altogether. This means that wealthy individuals can earn significant income from investments without paying as much in taxes as they would if they earned the same amount of income from a job. Another way in which wealthy individuals can avoid income taxes is through the use of tax-sheltered investment accounts. For example, contributions to a 401(k) retirement account are often tax-deductible, meaning that individuals can reduce their taxable income by contributing to these accounts. Similarly, investments in certain types of tax-advantaged accounts, such as individual retirement accounts (IRAs) or health savings accounts (HSAs), can also reduce an individual's taxable income. Additionally, some wealthy individuals may engage in complex tax avoidance strategies, such as setting up offshore accounts or creating complex legal structures to minimize their tax liability. While these strategies can be effective, they are also highly risky and may be illegal. In summary, wealthy individuals have access to a range of strategies that enable them to minimize or avoid income taxes, including earning income from investments, using tax-sheltered investment accounts, and engaging in complex tax avoidance strategies. While some of these strategies are legal and commonly used, others are highly risky and may be illegal. #taxes #irs #taxreturn #financetips #mortgage #investing #marginaccount #taxbreak #homebuyers #firsttimehomebuyer #mortgagerates
How to Legally Avoid Income Taxes in 2023 #finance #taxseason #shorts
FHA Loans in 2023 | Your Ticket To Your First Home Fred Chilton Buying a house is super exciting, but it can also be mega stressful, especially if you're a first-time home buyer. The whole process can seem totally overwhelming and out of reach, but don't stress, because FHA loans are here to help! FHA loans are loans that are backed by the Federal Housing Administration. They're designed to be super accessible and flexible, so they're a great option for people who don't have a ton of cash saved up or who don't have perfect credit scores. With FHA loans, you don't need a huge down payment, and the interest rates are affordable. Plus, they're open to a wider range of homebuyers, so you're more likely to be approved. Here's what you need to know if you're thinking about getting an FHA loan. First things first, you have to meet some requirements. You'll need a credit score of at least 580, although if your score is between 500 and 579, you can still get approved with a bigger down payment. Plus, your debt-to-income ratio can't be more than 57%, and you have prove you've got a steady job and income. Another thing to keep in mind is that there's this thing called MIP (Mortgage Insurance Premium), which is like insurance for the lender in case you can't pay back your loan. The MIP is required for the entire life of the loan if you put less than 10% down, and it's usually more expensive than the PMI (Private Mortgage Insurance) for conventional loans...BUT The Biden-Harris administration just passed a ruling that lowers that monthly MIP! That's why so many people see FHA loans as the ticket to becoming a homeowner, especially if you're a first-time buyer. They make it possible to get on the property ladder, even if you don't have a lot of cash or a great credit score. So, if you're dreaming of owning your own place, but you're worried that you can't make it happen, look into FHA loans! They're a practical and accessible way for first-time buyers to achieve their homeownership goals and start building a solid foundation for the future. Thanks for watching and we hope this video was helpful! Please feel free to leave any questions or comments you may have regarding it in the section below. LIKE & SUBSCRIBE FOR MORE MORTGAGE TIPS and make sure you connect with me on Instagram & TikTok!⤵️ ✅ https://www.instagram.com/mortgagenchil/ ✅ https://www.tiktok.com/@mortgagenchil #Mortgage #RealEstate #FirstTimeHomebuyer #FHAlending #Homeownership #HomeBuying #FirstHome #MortgageTips #HomeLoans #FHALoans #NewHome #HouseHunting #RealEstateAdvice #MortgageRates #HomeFinancing #HomeBuyingTips #FirstTimeBuyer #RealEstateInvesting #FHAapproved #MortgageBroker FHA First Time Homebuyer | Loan Option Explained , fha first-time home buyer, fha first time home buyer programs, fha loans for first time home buyers, fha loan, fha loans, fha loan house hacking, fha loan with down payment assistance, fha loan with bad credit, fha loans for first time home buyers 2022, fha loan house hacking 2022, fha loan 500 credit score, fha loan for foreclosed property, fha loan for condo, fha loan airbnb, fha loan first time buyers 2023, fha loan hacks, fha loan limit, fha loan house hacking 2023 00:00 Intro 00:27 Debt to Income Ratio Explained 01:00 How much Down Payment? 01:28 Minimum Credit Score? 03:00 Things to Note
Your Ticket To Buying Your First Home
Streamline refinances are a type of mortgage refinancing that allows homeowners to refinance their existing mortgage loans without the need for a full credit check or home appraisal. This type of refinancing is generally faster and less expensive than traditional refinancing, and may also offer lower interest rates and monthly payments. Streamline refinancing is typically available for government-backed loans such as FHA, VA, and USDA mortgages, and may be a good option for homeowners looking to lower their monthly mortgage payments or take advantage of lower interest rates. However, there may be some eligibility requirements and other factors to consider when deciding whether to pursue a streamline refinance. #realestate #mortgage #homebuying #homesforsale #realtor #mortgagerates #dreamhome #propertyforsale #househunting #mortgagebroker #homesweethome #realestateagent #mortgagelender #newhome #houseforsale #homeloan #investmentproperty #mortgagepayment #mortgageprofessional #firsttimehomebuyer
No Appraisal, No Problem #mortgage #realestate #shorts
Section 121 of the Internal Revenue Code is a tax loophole that allows eligible homeowners to exclude up to $250,000 (or $500,000 for married couples) in capital gains from the sale of their primary residence. To qualify, the homeowner must have owned and used the property as their main residence for at least two out of the past five years before selling. This exclusion can be used once every two years, making it a valuable tax-saving strategy for homeowners looking to maximize their profits. #realestate #mortgage #homebuying #homesforsale #realtor #mortgagerates #dreamhome #propertyforsale #househunting #mortgagebroker #homesweethome #realestateagent #mortgagelender #newhome #houseforsale #homeloan #investmentproperty #mortgagepayment #mortgageprofessional #firsttimehomebuyer
How to Legally Avoid Taxes 😧 #taxloophole #taxes
Dave Ramsey is…an idiot? 🤨 #realestate
Unlock the secret to saving thousands on your mortgage with this investment hack! Discover why investing in index funds could double your cash in 25 years and give you the financial freedom you've been dreaming of. Don't waste your money on extra mortgage payments - let your money work smarter, not harder. Watch now and take control of your financial future #realestate #mortgage #homebuying #homesforsale #realtor #mortgagerates #dreamhome #propertyforsale #househunting #mortgagebroker #homesweethome #realestateagent #mortgagelender #newhome #houseforsale #homeloan #investmentproperty #mortgagepayment #mortgageprofessional #firsttimehomebuyer
The Investment HACK your Mortgage Lender Won't tell you #shorts #mortgage #investingforbeginners
While putting a 20% down payment on a home has traditionally been seen as the gold standard in mortgage lending, there are some cases where it may not be the best use of money for a homebuyer. One reason is that putting 20% down can be a significant financial burden for many buyers, particularly first-time homebuyers. It can take years to save up for such a large down payment, and in the meantime, the buyer may be stuck paying rent or dealing with rising home prices. In addition, putting such a large down payment on a home can tie up a significant amount of cash that could be used for other purposes, such as investing, saving for retirement, or paying down higher-interest debt. This can limit the buyer's financial flexibility and make it harder to achieve other financial goals. Moreover, there are now many loan options available that require less than 20% down payment. For example, FHA loans require as little as 3.5% down payment, and some conventional loans allow for down payments as low as 3%. Of course, there are some benefits to putting 20% down on a home. It can help lower monthly mortgage payments, avoid private mortgage insurance (PMI), and provide a greater sense of financial security. However, in many cases, putting 20% down may not be the best use of money for a homebuyer, and it's important to carefully consider all available options before making a decision
Should you put 20% down on a home purchase? #mortgage #realestate
There are several reasons why people might be held back from buying a house this year, and high car payments, not having enough credit trade lines, and not enough work history are three common ones. High car payments can be a major obstacle to saving for a down payment on a house. If someone is already paying a significant amount each month for a car loan, they may not have enough money left over to save for a down payment, cover closing costs, or make mortgage payments. This can make it challenging to meet the financial requirements of buying a house. Another factor that can make it difficult to buy a house is not having enough credit trade lines. This means that the person doesn't have enough lines of credit or credit history to demonstrate to lenders that they are a responsible borrower. Lenders use credit scores and credit history to assess the risk of lending to someone, and if the person has limited credit history, they may be viewed as a higher risk, which can make it harder to qualify for a mortgage. Finally, not having enough work history can also be a barrier to buying a house. Lenders typically look for a steady employment history, and if someone has only recently started a job or has a spotty work history, it can be challenging to show the income stability and consistency needed to qualify for a mortgage. Overall, these factors can make it challenging for people to qualify for a mortgage and buy a house. It's important to work on improving credit scores, paying off debts, and building a steady work history to overcome these obstacles and achieve the dream of homeownership
This is why you can’t buy a house #mortgage #realestate #finance #homebuyers #credit #financetips
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Saxton Mortgage NMLS 1717191/ DRE 02205650
https://texreg.sos.state.tx.us/fids/201203133-2.pdf

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Fred Chilton NMLS 1810817
West Capital Lending, Inc NMLS 1566096 / DRE 02022356 https://texreg.sos.state.tx.us/fids/201203133-2.pdf

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