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Earn Your Leisure

EYL #308 Buy a House in 2025: First-Time Home Buyer Guide, Get Pre-Approved, Loans, & Real Estate Investing

26 Sep 2024

Description

In this video, we take a comprehensive look at the process of buying your first home, starting with why now is a great time for first-time buyers. We explore the benefits of homeownership, such as building equity and financial stability, and share practical tips for navigating today’s competitive market. We also discuss key steps like getting pre-approved, which can significantly strengthen your buying power.Next, we break down various loan options, including FHA, Conventional, and VA loans, while offering hacks on securing down payment assistance. We also cover the common mistakes first-time buyers make, like overlooking closing costs or rushing into deals, and how to avoid them to ensure a smooth transaction.We then move on to the importance of understanding interest rates, including tips on when to lock in a good rate and what factors impact timing. We also dive into jumbo mortgages, explaining how they differ from conventional loans and the specific qualifications needed, especially for self-employed buyers or those with higher credit score requirements.Finally, we introduce the concept of real estate investing through strategies like house hacking, showing how first-time buyers can transition into the investment space. We wrap up with an overview of financing options for investment properties, such as conventional loans, hard money loans, and HELOCs, to help you start building wealth through real estate. #RealEstate #HomeBuying #FirstTimeBuyers #MortgageTips #Investing #HouseHacking #JumboLoans #FHALoans #WealthBuilding #realestateinvesting 0:00 Intro4:06 Matt Garland’s Background 10:16 Complete Home Buying Guide Pt 120:13 Chat Q&A: Different Types of Loans, 1099 vs W2, & More38:16 Using FHA to Effectively build your Portfolio 44:44 Complete Home Buying Guide Pt 249:02 How to Boost Your Credit Score & Debt to Income Ratio 54:10 Navigating Interest Rates1:05:43 What are Jumbo Mortgages?1:20:34 Future Live Interviews1:29:14 OutroOur Sponsors:* Check out PNC Bank: https://www.pnc.com* Check out Square: https://square.com/go/eylAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacySee omnystudio.com/listener for privacy information.

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