When you're buying a house, there is a ton of paperwork and terminology thrown at you. Today we're going to decipher and explain all the essentials you need to know to get a great deal on your mortgage! Getting a Great Mortgage When Buying a House Even if you're excited and ready to buy a house, it can still be stressful. Last week I mentioned that my mom is moving into the Raleigh area after getting a job offer. She's getting all that paperwork done for work and keeping her current home in tiptop shape since it's on the market to sell. And whenever she's in town to take care of her work stuff, we're also driving around looking at places and neighborhoods. Being with her reminds me of our own house hunt and I remember how at times things seemed overwhelming. Buying a home is a huge purchase and while you're trying to make sure it's the right fit for you, you're also sorting through all this paperwork. When you're getting a mortgage, your lender is combing through your finances and it feels like they request every scrap of information they can get. And then when you do find a home, you make the offer – hopefully they accept. You have a home inspection, have the house appraised, and get paperwork like title insurance done. It's a lot. And the first time around, we knew we paid a fair price, but we were a little lost. The second time, though, we felt confident about buying the house. One part that made a huge difference for us was getting our loan officer to walk us through. Having your loan officer in your corner, along with a great agent makes the process enjoyable and rewarding. We're so grateful to have had that. And I want you to feel the same way. So if you're in the market to buy or you know in the future you'd want to buy a home, I think you'll enjoy this episode. I'm sharing one of my favorite interviews on the topic, my chat with Wendy Dawson. She's the Vice President of Mortgage Lending at Coastal. In this episode we'll discuss: What you need to keep in mind about mortgages All the fees and expenses that typically come with buying a house – its more than just the down payment How to decipher the paperwork I want you to feel comfortable and confident you're getting a great deal with your mortgage. I hope you enjoy! Resources on Getting a Great Deal on Your Mortgage If you're looking to buy, here are some resources to help you find a great deal with your mortgage Best Budget and Money Apps: Personal Capital, Tiller, Mint Grow Your Stash Faster: High Yield Savings with CiT Bank Automatic Saving: Qapital Jumpstart Your Marriage and Your Money Basic Mortgage Terminology Buying a House: Explore Interest Rates Buying a House: Loan Estimate Explainer Understand Mortgage Loan Options Free 5 Days to $5K Course Thank You to Our Sponsor Coastal! Support for this podcast comes from Coastal Credit Union! If you're living in the Raleigh Durham area and looking to bank better, come check out Coastal today. See how Coastal can help you with your mortgage needs! Key Takeaways on Buying a Home I want to focus on some key takeaways I got from talking with Wendy and our own experience: Know your numbers (and own them) Understand your mortgage options Ask questions. If you'd like to chat more about buying or even selling your house, please join us in our private and free Facebook group – Thriving Families. Hope to see you there! Support the Podcast! Thank you so much for listening to the podcast! Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share. Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher. Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together! Music Credit Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

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