Is Now A Good Time to Buy a House? | 2022 Housing Market Analysis
06:25

Is Now A Good Time to Buy a House? | 2022 Housing Market Analysis

Is now a good time to buy a house? That seems to be the ultimate question at the moment. It’s no secret that housing prices are up, and mortgage rates are on the rise as well; but everybody’s situation is unique. Luckily for you, I’m here with some expert advice. In this video, I touch on the factors which led us to the current real estate market, what determines the housing prices, and why people are still buying homes with the market already up. Are you still wondering if now is the right time for you to buy a house? Hit my line - I’m more than happy to help! Timestamps: Intro (0:00) How Did The Market Get Here? (0:22) What Determines Housing Affordability? (2:40) Why Would You Buy a House Now? (3:20) Have Any Questions? Let’s Get in Touch! (5:38) 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Buying a home from a family member with a gift of equity
00:39

Buying a home from a family member with a gift of equity

This housing market is a mess and it’s not likely to get dramatically more affordable anytime soon. You started to talk to your aunt who said she was thinking of selling her home. But you really aren’t in a financial position to make an offer – or are you? You could suggest your aunt do a gift of equity 💰 – which is basically the difference between the actual sales price and the market value of the home. That’s where she can cover your down payment and closing costs out of the equity she has. Let’s say the house is worth $400k and she sells it to you for that amount. You get a loan for $320k and then from the $400k sales price your $80k down payment and closing costs are deducted and she gets what’s left over as profit. It’s a win-win. You get a home you thought was out of reach financially and your aunt is able to downsize and have some additional money in savings for her retirement. There are many different options when it comes to buying that dream home. Follow me to stay update to date on the latest mortgage tips. I’m always keeping it real with real estate. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Unique way to buy a home in this crazy market
00:27

Unique way to buy a home in this crazy market

Looking to buy a 🏠 with a best friend, partner, or other family member? Well, it can be done. You don’t have to be married to the person you are buying a home with, unless it is a Veterans Administration loan. But if you do plan to buy a home with a relative or roommate, it is important to know the different rules that govern the mortgage. I’ve had clients buy with parents or adult children and I also had clients who bought with partners, roommates and even friends. So, look at your options. Consult with professionals – lenders, real estate agents, financial planners, lawyers – to know your options and make it happen. Interested in buying a home with a partner, reach out to me and my team at team@themortgagementor.co and we can discuss your options. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Who can you trust for advice on buying a home?
00:59

Who can you trust for advice on buying a home?

Owning a home often unlocks the door to what can become long-term generational wealth. One of the biggest joys I have as a mortgage lender is to help a first-time homebuyer buy a home they never thought was possible or help someone use the equity in their home to fund life-changing events. There are many factors involved in a mortgage beyond the price of the home. 👉 Interest rate 👉 Insurance 👉 Inspections 👉 Appraisals 👉 Points 👉 PMI and so much more. It all adds to the general confusion for the average homebuyer. That’s why I am so passionate about providing as much education to people about the home buying process. I’m here because owning real estate is the #1 way that many people can build wealth. Reach out to me and my team at team@themortgagementor.co if you are thinking of buying a home. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
How Do Rising Interest Rates Affect the Real Estate Market?
05:19

How Do Rising Interest Rates Affect the Real Estate Market?

Interest rates are on the rise, and the Fed Meeting this week could see them rise even further. How will this affect the real estate industry? I’ve had colleagues discuss a housing market crash or a market correction, but it also might not be all doom and gloom. In today’s video, I’ll elaborate on the correlation between rising interest rates and real estate prices. Specifically, I’ll touch on: 🏠 Market Equilibrium 🏠 Price Sensitivity 🏠 High Demand with a Shifting Supply Curve 🏠 Effects on Investment Properties With the market in this state, it’s becoming more crucial to work with an established mortgage loan originator. Want someone in your court? Let’s get in touch. -Intro (0:00) -How are Rising Interest Rates Affecting the Market? (0:27) -Supply is on the Way Up (2:21) -Are We Seeing a Market Correction? (4:30) -You Need a Good Lender, Let’s Connect! (4:50) Follow me on: 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
First Time Home Buyer's Guide | Are you really preapproved?
00:39

First Time Home Buyer's Guide | Are you really preapproved?

So, you are preapproved and ready to buy a house. That’s exciting. But how do you know you are preapproved? You probably filled out an online form, put in your annual income, guessed at the price of the home you want to buy and provided some estimates of your assets. You may even be prequalified, not preapproved. Well, not so fast on putting in that offer just yet. Did anyone ask for bank statements, W-2s or other documents to review? No? Well, all you really did was tell that mortgage company you were interested in maybe buying a home. Any loan preapproval will be based on what can be documented and there are all sorts of guidelines on how income is calculated and even what funds can be used for closing. Not sure what it takes to get approved for a mortgage. Work with a lender that will review all your stuff upfront to make sure you’re good to go before you start shopping. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Should you rent or buy a home this year?
00:36

Should you rent or buy a home this year?

The housing market is a 🎢 ride – even for seasoned professionals who are in the industry. But there are things you can do to make it better. 👉 Start working with a lender and realtor early in your homebuying timeline. 👉 Get preapproved with a reputable lender. 👉 Buy off mortgage payment not home price. 👉 Get aggressive on your offer if needed, but don’t get swept up in the market mania 👉 Be patient. I’ve worked with thousands of buyers and know the right home will come at the right time. If you are looking to buy a home now, reach out to me and my team at team@themortgagementor.co and we can get you started today. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Should you BUY a house or should you RENT?
00:31

Should you BUY a house or should you RENT?

If you are renting and looking to buy a home, you likely have heard friends and family push you to buy because as they say, “Renting is wasteful. You’re throwing your 💵 away!” But on the other side of the coin, you’ve heard people warn you that the market is going to dip and you’ll be stuck buying high. Look – there’s no right or wrong when it comes to renting or buying. Renting can be a great choice if you want flexibility and avoid the cost of maintaining a home. Buying can be great if you see yourself living somewhere for a while and you want to stabilize your housing expense. Don’t let someone bully you or guilt you into something that’s not quite right for you. And if you are thinking of buying. Give me a follow. I’ll show you how to understand it all and save money along the way. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Mortgage Rates are over 6%! What’s next?
00:59

Mortgage Rates are over 6%! What’s next?

With mortgage rates over 6%, many homebuyers are asking "what's next?" No a lender isn't trying to pull a fast one if they quote you a rate that starts with a 6. We've seen a big jump over the last week. Here's a quick explanation why that happened and what might happen next. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Mortgage Lender Shopping 101 | What to Know When You Shop For Your Home Loan 🏡
06:55

Mortgage Lender Shopping 101 | What to Know When You Shop For Your Home Loan 🏡

So, you’re in the opening stages of your homebuying process and you need to shop for a mortgage lender. Different loan officers come with different rates and up-front costs, and it can be confusing to compare estimates to estimates. Here’s what the lender does and doesn’t control: 💁 Interest Rate & APR, Mortgage Insurance, Lender Fees, Lender Credits 🙅 Title Fees, Property Taxes, Homeowner’s Insurance, Escrow, Recording Fees, Per Diem Interest Knowing what you’re spending your money on is empowering as you navigate the housing market. Whether you’re a first-time homebuyer or buying your next home, you want to make sure you’re getting a good deal. Call me today and let’s get started! Timestamps: Intro (0:00) Loan Details Not Affected By Your Lender Choice (0:50) What Should You Look For in a Lender? (3:30) Have Any Questions? Let’s Connect! (6:20) 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage... 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardso... 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Where do You Go to Get a Mortgage?
00:49

Where do You Go to Get a Mortgage?

When you need 💰to buy a 🏠, do you know where do you get it and who will help you? Here’s what you need to know to make smart home-buying decisions and here’s how most people finance a home. Connect with a loan officer, who will: ✅ Evaluate your needs and preferences ✅ Give suggested strategies based on credit score and other loan criteria ✅ Work with you to get final loan approval But where do you find loan officers? 🏦 Bank 🏦 Mortgage banker 🏦 Mortgage broker 🏦 Credit Union The right choice will depend on your needs and preferences, which is why it is a good idea to talk to at least two types of mortgage companies. I’ve helped thousands of would-be homebuyers get the funds needed to buy that dream home so if you’ve got questions, we’ve got answers. Check us out on our blog today. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
What's Included in Your Payment
01:01

What's Included in Your Payment

If you were to take a quiz on mortgages, what kind of grade would you get? Well, here’s a little Mortgage 101 that just may help you ace that quiz. There’s more than just the loan payment baked into that monthly mortgage payment. So, let’s talk about what’s actually included: 💰 P&I – principal and interest. 💰PMI – private mortgage insurance. 💰Property Taxes and Homeowner’s Insurance. Besides the costs above, the lender will factor in other costs like homeowner association (HOA) payments when qualifying you for the loan. Understanding who you pay what and when goes a long way toward budgeting for your new 🏠. So call me today to get started. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Can you lower your mortgage payment after closing by recasting?
00:45

Can you lower your mortgage payment after closing by recasting?

Can you lower your mortgage payment after closing by recasting? If you plan to buy a new home before selling yours you may wonder how you can use the proceeds from your sale toward your new home. One option is making a large principal payment and requesting your monthly mortgage payment be recalculated on the lower balance. This process is called recasting and the rules around when and how you can do this can vary lender to lender. Here I cover the general concept and things to know when considering this strategy. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445