Lots of credit unions don’t charge pmi at all. Get a conventional loan with them and benefit from the better chances of having a winning offer with conventional over fha..
Being a first time home buyer I'm looking at Conventional and to put down 3.5% but the Lender pre-approved me for FHA and I didn't understand why.. I don't want PMI for the life of the loan... Thank You for this
You may not want PMI, but will you actually be there 10-12 or even 30 years? You can always keep a contingency plan to (cash out?) refinance or you may sell in the future. I would definitely justify this $17 calculator to save tens/hundreds of thousands on your homebuying decision
Hey Tyler, I really appreciate your videos! I just found your channel 2 days ago and iv already have learned so much more then I ever have. Thank you! Do you think you can do a similar video comparing the One+ & FHA loans.
@@WinTheHouseYouLove I found it. I have been told about the rural usda no money down program so I wanted to ask more about it. I will and see that video. Thank you
Can you make a video explaining the acceptable forms of payment for a mortgage? I believe most people have their bills on autopay with a credit card, and will be very surprised to learn that for the length of their mortgage, credit card payments wont be accepted. Can you explain this reasoning in your next video?
Hi! I've been watching your videos these past few days since I'm interested in buying a home and want to be prepared. I wanted to ask, do you think you'll ever do a video on the "Job Offer Letter Mortgage Loan"? Thanks!
Really appreciate you putting out a calculator like this. Will be purchasing it. Not planning on buying a second home now, but will definitely be putting in numbers to see what they show.
Thanks so much for your support and kind words. I'm glad you like the calculator! Feel free to reach out if you have any questions kyle@winthehouseyoulove.com
Great info....however a refinance boom will happen in 10 to 14 months. Nobody keeping these loans over 2 years. Great job though and very gratefull for this channel.
Hey Desirae! Thanks so much for your kind words and support! I'm glad you find the calculator amazing. If you're ready to take the next step and start on a pre-qualification, you can go to www.winthehouseyoulove.com/lender or email me at kyle@winthehouseyoulove.com. Let me know if you have any other questions. Thanks again!
Thanks for another great video. I'm currently working with a loan officer on a FHA loan for a primary residence with 10% down. They have confirmed that the MIP will drop after 11 years, because of the 10% down payment. Can you clarify, please? Also, if that is the case, the calculator will need to account for that.
Hi I was wondering if you qualify for the convention waiver is there any penalties for having a increase in your income after a few years of living in the house or is there still a limit to how much you make till you pay off the house
Great information. However the first allied bank your site works with has been nothing but nightmares. They have dragged their feet and have been the cause of having to push my closing date back almost a month at this point and have risked me more than they are worth. So while I have gained knowledge from your videos and clarification from your website, if i knew then what I know now, I would have chosen a different lender from the jump.
Can you email me your name so I can look into this? kyle@winthehouseyoulove.com Our bank sponsor is Allied First Bank, not First Allied Bank. I want to make sure you're working with our team and not some other team in the company. I can only vouch for our team.
Is your loan Clarity Advisor loaded up with links/advertising/back to your sight. Another way to ask is it free of advertising.... after all we are paying for it.
Hi I REALLY like your videos, they're very well made and information is understandable. I filled out loan application almost a week and the person has not reached out to me. Is there a way to pick the person
@WinTheHouseYouLove hi, sorry didn't get the notification till now. You have already gone above and beyond to help me with my issue. Thank you very much! Looking forward to getting help from you and your team. 🙏
Hey Andrew! Thanks for watching and glad you enjoy the videos! I don't have any plans for going live at the moment, but if that changes, I'll definitely keep everyone posted
Wouldn’t conventional still be better than FHA if you have a good credit score? If you have a good credit score then you would likely be in the .55% range. Going conventional you don’t have UFMIP, so you can take that amount to buy down your interest rate. The benefit would then go to the conventional loan because your PMI would be removable.
Hey Marcy! Thank you so much for your support and kind words! It means a lot to me. If you're ever ready to start on a pre-qualification, feel free to visit us at www.winthehouseyoulove.com/lender or shoot me an email at kyle@winthehouseyoulove.com. Have a great day!
Foreclosure proceedings are expensive. Court costs are extremely high. They can't just kick you out. It has to go through court which requires attorneys. Most people who foreclose do not have enough equity for the lender to cover the costs. So the lender incurs the cost. And many foreclosures end up in terrible condition since they can take over a year to happen. Occupants often leave the home in disarray and did not have money for needed repairs. Some intentionally damage the property. I've seen this first hand as I used to clean out foreclosed homes (owners spray painted inside, fleas everywhere, feces, ripped out pipes, etc). Lenders lose money on foreclosures.
I hate the idea of Mortgage insurance as well. I pay my rent right now before anything else that month. It's priority and my mortgage would be the same. I realize it's a risk but if I can pay my 1200 rent/month and my mortgage would be 1250 without mortgage insurance but 1400 with it..I can't afford that price. Therefore I am stuck since I can not save the 20% needed for a good down payment
Lots of credit unions don’t charge pmi at all. Get a conventional loan with them and benefit from the better chances of having a winning offer with conventional over fha..
Being a first time home buyer I'm looking at Conventional and to put down 3.5% but the Lender pre-approved me for FHA and I didn't understand why.. I don't want PMI for the life of the loan... Thank You for this
You may not want PMI, but will you actually be there 10-12 or even 30 years? You can always keep a contingency plan to (cash out?) refinance or you may sell in the future. I would definitely justify this $17 calculator to save tens/hundreds of thousands on your homebuying decision
Thanks for all you do my man. This content you produce is remarkable. Informative and easy to comprehend.
I appreciate that! Thanks for watching. :)
Hey Tyler, I really appreciate your videos! I just found your channel 2 days ago and iv already have learned so much more then I ever have. Thank you!
Do you think you can do a similar video comparing the One+ & FHA loans.
Can you do an updated video on all the USDA loans options and programs?
I did that 8 days ago :) It's on the channel
@@WinTheHouseYouLove I found it. I have been told about the rural usda no money down program so I wanted to ask more about it. I will and see that video. Thank you
Can you make a video explaining the acceptable forms of payment for a mortgage? I believe most people have their bills on autopay with a credit card, and will be very surprised to learn that for the length of their mortgage, credit card payments wont be accepted. Can you explain this reasoning in your next video?
Hi! I've been watching your videos these past few days since I'm interested in buying a home and want to be prepared. I wanted to ask, do you think you'll ever do a video on the "Job Offer Letter Mortgage Loan"?
Thanks!
Hey Giselle! So glad my videos have been helping you out. That's a great idea; I'll definitely consider doing one in the future.
@@WinTheHouseYouLove Thank you so much for the reply! I look forward to that video.
Really appreciate you putting out a calculator like this. Will be purchasing it. Not planning on buying a second home now, but will definitely be putting in numbers to see what they show.
Thanks so much for your support and kind words. I'm glad you like the calculator! Feel free to reach out if you have any questions kyle@winthehouseyoulove.com
Great info....however a refinance boom will happen in 10 to 14 months. Nobody keeping these loans over 2 years. Great job though and very gratefull for this channel.
The calculator looks amazing you really out here doing gods work 🤯
Hey Desirae! Thanks so much for your kind words and support! I'm glad you find the calculator amazing. If you're ready to take the next step and start on a pre-qualification, you can go to www.winthehouseyoulove.com/lender or email me at kyle@winthehouseyoulove.com. Let me know if you have any other questions. Thanks again!
So in the case that you do put 20% down, would a conventional loan not be cheaper?
I thought FHA MIP falls off if you have LTV at 89%?
@@KyleSeagraves Perfect. Thanks Kyle!
Thanks for another great video.
I'm currently working with a loan officer on a FHA loan for a primary residence with 10% down. They have confirmed that the MIP will drop after 11 years, because of the 10% down payment. Can you clarify, please? Also, if that is the case, the calculator will need to account for that.
Thanks for the clarification, Kyle. Much appreciated!
Hi I was wondering if you qualify for the convention waiver is there any penalties for having a increase in your income after a few years of living in the house or is there still a limit to how much you make till you pay off the house
Great information. However the first allied bank your site works with has been nothing but nightmares. They have dragged their feet and have been the cause of having to push my closing date back almost a month at this point and have risked me more than they are worth. So while I have gained knowledge from your videos and clarification from your website, if i knew then what I know now, I would have chosen a different lender from the jump.
Can you email me your name so I can look into this? kyle@winthehouseyoulove.com
Our bank sponsor is Allied First Bank, not First Allied Bank. I want to make sure you're working with our team and not some other team in the company. I can only vouch for our team.
Well I got your team from your site so if they aren't your team they shouldn't have my contact information 😉
Can you use multiple Dpa/grants programs as a first time home buyer? Florida has plenty and was wondering could I use them as long as I qualified
Is your loan Clarity Advisor loaded up with links/advertising/back to your sight. Another way to ask is it free of advertising.... after all we are paying for it.
Hi I REALLY like your videos, they're very well made and information is understandable. I filled out loan application almost a week and the person has not reached out to me. Is there a way to pick the person
Oh no! Please email me at kyle@winthehouseyoulove.com and I will look into this!
@WinTheHouseYouLove hi, sorry didn't get the notification till now. You have already gone above and beyond to help me with my issue. Thank you very much! Looking forward to getting help from you and your team. 🙏
How do I remove this PMI from my mortgage?
I had someone co-sign for me due to having a temp job at the time for a fha loan, can I co-sign for someone that’s wanting to use a fha loan?
Hello, interested in refinancing. Are you licensed in California?
Yep, we work in all 50 states, including California. Feel free to reach out if you have any other questions!
wouldnt the the 1% new conventional loan program be better than this if u can meet requirements?
Hey Kyle, love your videos! Do you plan on going live anytime soon?
Hey Andrew! Thanks for watching and glad you enjoy the videos! I don't have any plans for going live at the moment, but if that changes, I'll definitely keep everyone posted
Informative 😊
Thanks 🙂
Wouldn’t conventional still be better than FHA if you have a good credit score?
If you have a good credit score then you would likely be in the .55% range.
Going conventional you don’t have UFMIP, so you can take that amount to buy down your interest rate.
The benefit would then go to the conventional loan because your PMI would be removable.
In this scenario I ran the pricing with the exact same credit score for both loans.
hi, does your partner work with 203k loans in FL?
Yes we can offer 203k. Please email me at kyle@winthehouseyoulove.com
Thank you 😊😊
Hey Marcy! Thank you so much for your support and kind words! It means a lot to me. If you're ever ready to start on a pre-qualification, feel free to visit us at www.winthehouseyoulove.com/lender or shoot me an email at kyle@winthehouseyoulove.com. Have a great day!
331
38
So wait, unless you put 20% down, you're forced to pay hundreds of dollars to someone for nothing????
If you put less money down and make the loan more risky, then you pay for the risk you create.
@WinTheHouseYouLove If I can't pay my mortgage, they get the house back and they get to sell it again! WHAT RISK ARE THEY INCURING???
Foreclosure proceedings are expensive. Court costs are extremely high. They can't just kick you out. It has to go through court which requires attorneys. Most people who foreclose do not have enough equity for the lender to cover the costs. So the lender incurs the cost. And many foreclosures end up in terrible condition since they can take over a year to happen. Occupants often leave the home in disarray and did not have money for needed repairs. Some intentionally damage the property. I've seen this first hand as I used to clean out foreclosed homes (owners spray painted inside, fleas everywhere, feces, ripped out pipes, etc).
Lenders lose money on foreclosures.
I hate the idea of Mortgage insurance as well. I pay my rent right now before anything else that month. It's priority and my mortgage would be the same. I realize it's a risk but if I can pay my 1200 rent/month and my mortgage would be 1250 without mortgage insurance but 1400 with it..I can't afford that price. Therefore I am stuck since I can not save the 20% needed for a good down payment
@@taylorbug9just dont buy a house.
Hi Carlos lerma am looking for a new place New home 🏠