A lot of people out there don’t know much about the mortgage process, which can lead to frustration once you are looking for a home. On today’s episode, we are going to break down a recent article by Architectural Digest, What No One Tells You About a Mortgage, and see whether Bill agrees or disagrees with some of the main points made in the article.
As with many big purchases, making sure your finances are in order is important and Bill certainly agrees with this. You can never start the home buying process too soon. Should you focus on a broker first and a house second? Especially in today’s market, Bill thinks getting a broker first is essential, a lot of people will not let you look at their house without a pre-approval. We’ll break down these 6 big takeaways and see what you need to really consider through the home buying process.
Architectural Digest Article: https://www.architecturaldigest.com/story/getting-mortgage-tips
If you have questions about a mortgage or refinancing you can get your 15-minute free consultation with Bill: https://calendly.com/blitton/30min?month=2022-01
TIMESTAMPS:
2:03 – Get your finances in order
3:12 – Broker first, house second
5:07 – Pre-approval is not a guarantee
6:39 – You don’t need to put down 20%
8:25 – You should shop around for quotes
10:25 – An adjustable-rate may not be so bad
11:27 – Once you start be on your best behavior
QUOTABLE MORTGAGE MOMENT:
“You can never really start too soon.“