Buying a home in June? Great! Before you start scrolling homes online like it’s your new favorite sport, let’s make sure the mortgage side makes sense.
In this video, Matt Helton breaks down the basics of what buyers should understand before shopping for a home. A mortgage is a loan used to buy a home, but your monthly payment is more than just the amount you borrow. It may include principal, interest, property taxes, homeowners insurance, mortgage insurance, and even HOA dues.
The big takeaway? Just because you are approved for a certain amount does not always mean you should spend that amount.
Before you walk into open houses this June, get clear on three important numbers:
Your estimated purchase price
Your estimated monthly payment
Your estimated cash to close
Cash to close may include your down payment, closing costs, prepaid taxes, insurance, and other items based on your loan and property.
A mortgage is not one-size-fits-all. Your loan options may depend on your credit, income, assets, debts, job history, property type, and personal goals.
The goal is not just to buy a house. The goal is to buy a home with a payment and plan you understand.
Start with the mortgage conversation first.
Company Name: One Trust Home Loans
Host: Matt Helton
Website: https://onetrusthomeloans.com/
YouTube: https://www.youtube.com/@servingseniorspodcast
Address: 320 Seven Springs Way, Ste 250, Brentwood, TN 37027
Contact Number: (888) 488-3807
Email: [Insert email address]
Social Media:
Facebook: https://www.facebook.com/MattsMortgageNews
LinkedIn: https://www.linkedin.com/in/matt-helton-7b3bab6/
YouTube: https://www.youtube.com/@servingseniorspodcast
NMLS Numbers:
Matt Helton, NMLS#178551
OneTrust Home Loans, NMLS #46375
Licensing Information:
Loans Provided by OneTrust Home Loans, a dba of CalCon Mutual Mortgage LLC NMLS #46375, https://www.nmlsconsumeraccess.org; 3838 Camino del Rio N Suite 305, San Diego, CA 92108. Corporate phone: (888) 488-3807.
All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms, and conditions are subject to change without notice.
By refinancing your existing loan, your total finance charges may be higher over the life of the loan. Reference: 10 VAC 5-160-60(F)
Disclaimer:
The information is intended to be viewed for informational purposes only. The content contained herein is not guaranteed or endorsed by the company, or any company mentioned, nor is this content meant to be an offer of credit. The information contained in this video may not be wholly or at all applicable to every situation or jurisdiction. You are strongly encouraged to consult your professional mortgage advisor before acting upon any information in this video. The information provided is for use as a training tool only. The information is not intended, nor should it be relied upon for any other purpose.
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