This was a little longer one and it also requires some effort from you guys but I would rather show you how to do it then have to count on someone else to tell you! Hope the length wasn't too bad for you guys! I cut like 10 minutes from my original final so trust me I had plenty of more to say lol.
Hey Javier, I recently discovered your channel about a week ago. My partner and I are in the process of purchasing our first home in CT and I just want to say thank you very much for all of the information you are providing.
This really depends on how long you PLAN to stay, and how long you ACTUALLY stay. You can be aggressive with your payments if this is your forever home. But if you plan to stay 10 years, and have another baby or change jobs, and have to move sooner than expected...it’s almost a waste to have put so much money down.
Like your videos bro. Thanks for all the info. I find most of the youtube real state videos hella boring. Yours are entertaining, to the point, and well edited. Good job man! You have a new subscriber!
Hello, I live in Maryland and I've been watching alot of videos on purchasing my first home and needless to say I have a headache. But your video really was helpful in so many ways giving things to look out for and to consider. Thanks
We all know the finance guy in the car lot is trying to get you into a more expensive loan because of their commission. Do mortgage loan officers do the same thing? Are they incentivized to give you a higher rate? And if you go with one loan officer can't they screw you when you're under contract with the house at time of closing? My understanding is once you go into contract you're not shopping around because you're pretty working with one loan originator. I've heard some stories in the past when the officer raised rates last minute putting the contract under jeopardy, leading to extension while doing all the paper work for another mortgage company.
This is really good stuff Javier, thank you! I had this exact question regarding whether it was better to give more money down versus a lower interest rate and you answered it in this video. Awesome job!
Nice video, easy to understand! I feel confident working with you, I learned a lot when we were looking for my first house, and I feel like this house is a blessing 🙏🏻
points are not paid directly to lenders. There are lender specific pricing adjustments that are determined off risk. Initial points are determined by the market and if a interest rate is 2 points on any given day with lender A its the exact same with Lender B. The only difference is the lender specific pricing adjustments.
Not true in my experience. I've quoted 5 mortgage lenders in the same day, some of the lenders who quoted a higher rate have higher points (makes no sense if everyone was consistent), and several lenders at the same rate had different points.
@@KGIFF313 What is your point then? No one cares what the breakdown of points is, they care what is the final amount of points they are paying. Which absolutely will differ from lender to lender.
@5:26 I subscribe to this. If they spell my name wrong, they obviously don't care enough about me as a customer. I don't have a particularly hard name to spell either.
All things being equal the first scenario ends with more net worth on the end. However, assuming they take the 15k and make significant improvements to the home that could easily wipe out the bigger net worth on the first deal.
Moved here from Pittsburgh love it here. Would buying a house in Sun City be stupid because of the ages of the houses?? I just love the houses they are so unique!
Great content and great tips! Question - is there anything a buyer can do to expedite the number to days to close? I guess I would take this into consideration as well when shopping for lenders since I am in a highly competitive market. I am just trying to find ways to make my loan more competitive compared to others... would love to hear your thoughts on this.
I signed a contract and paid my earnest money on a new build home. However I'm skeptical on purchasing it now. Aside from possibly losing my earnest money, is there any other penalties?
Hello Javier. Sorry about that I seen where you said that was yesterday it's gone. Anyway Javier I'm disabled and I can't do a whole lot but I do contract delivery every now and then. But when I got hurt I thought well there's my chance of having a home and still might be I don't know. I went to a crazy spell and when I came out of it one day on youtube I seen a ad that said rent to own so I started doing research and I got looking at this and that until I got right here today I was wondering is it possible for me to get into a home with just what I draw . I draw 958 a month and I want the God honest truth from you and right now I'm working on my credit to get to a 640 or higher it's at 582 now but I need someone to tell me the truth. Great video. Thank you.
This was a little longer one and it also requires some effort from you guys but I would rather show you how to do it then have to count on someone else to tell you! Hope the length wasn't too bad for you guys! I cut like 10 minutes from my original final so trust me I had plenty of more to say lol.
this was a really great video. i don't think the video length is an issue at all. some really good info right here
The more the better actually!
Hey Javier, I recently discovered your channel about a week ago. My partner and I are in the process of purchasing our first home in CT and I just want to say thank you very much for all of the information you are providing.
This really depends on how long you PLAN to stay, and how long you ACTUALLY stay. You can be aggressive with your payments if this is your forever home. But if you plan to stay 10 years, and have another baby or change jobs, and have to move sooner than expected...it’s almost a waste to have put so much money down.
Good point!
Great video can you make a video on how making a extra payment a year lowers you balance
Yes I wanted some more information regarding if that’s true that helps pay off home faster
He did one on 3% or 5% which is better. He gave a example on if you paid a extra 142 a month how it would benefit you
@@loveleeeventplanningl.l.c.7539 well sorry
@@WrenchingMafia he made that video after your post so I was just trying to help find your answer
@@miahmarieeeeee no shit it pays the home off faster?
Like your videos bro. Thanks for all the info. I find most of the youtube real state videos hella boring. Yours are entertaining, to the point, and well edited. Good job man!
You have a new subscriber!
Hello, I live in Maryland and I've been watching alot of videos on purchasing my first home and needless to say I have a headache. But your video really was helpful in so many ways giving things to look out for and to consider. Thanks
You are a God-send on RUclips. Thanks for sharing all your knowledge! I love your videos, really appreciate! Love from CA
The one stop shop for all things real estate. Thank you so much!
✌🏼
Thank you!!!!! You litterally helped me so much with this video!
You’re welcome, Auny! Thanks for watching!
I thought you could lock mortgage rates for a fee or even without a fee, after initially applying for a loan.
Thank you for this. More financial knowledge is a plus when when taking the leap into buying a home....
Excellent information, thank you Javier
Great info bro! (XAVIER )jaja your videos are getting better and better man.
Thanks Jose!!
We all know the finance guy in the car lot is trying to get you into a more expensive loan because of their commission. Do mortgage loan officers do the same thing? Are they incentivized to give you a higher rate? And if you go with one loan officer can't they screw you when you're under contract with the house at time of closing? My understanding is once you go into contract you're not shopping around because you're pretty working with one loan originator. I've heard some stories in the past when the officer raised rates last minute putting the contract under jeopardy, leading to extension while doing all the paper work for another mortgage company.
God bless this man. He is very transparent.
This is really good stuff Javier, thank you! I had this exact question regarding whether it was better to give more money down versus a lower interest rate and you answered it in this video. Awesome job!
Thanks Erik!! Glad it helped.
Nice video, easy to understand!
I feel confident working with you, I learned a lot when we were looking for my first house, and I feel like this house is a blessing 🙏🏻
points are not paid directly to lenders. There are lender specific pricing adjustments that are determined off risk. Initial points are determined by the market and if a interest rate is 2 points on any given day with lender A its the exact same with Lender B. The only difference is the lender specific pricing adjustments.
Not true in my experience. I've quoted 5 mortgage lenders in the same day, some of the lenders who quoted a higher rate have higher points (makes no sense if everyone was consistent), and several lenders at the same rate had different points.
@@mr.g937 The only difference is the lender specific pricing adjustments.
@@KGIFF313 What is your point then? No one cares what the breakdown of points is, they care what is the final amount of points they are paying. Which absolutely will differ from lender to lender.
Take in account of paying a extra payment a year and see the savings in your overall interest.
I now have a realtor in AZ! Gracias a dios, Amen
Could you make a video explaining a FHA 203k loan looking into a house that needs renovation but want to know about the loan
How do you find best broker for best mortgage deals?
Awesome content. Thank you!!!!
Thanks Kleimin!!
This was such a great video, I learned so much.
@5:26 I subscribe to this. If they spell my name wrong, they obviously don't care enough about me as a customer. I don't have a particularly hard name to spell either.
All things being equal the first scenario ends with more net worth on the end. However, assuming they take the 15k and make significant improvements to the home that could easily wipe out the bigger net worth on the first deal.
Javier, what will be the right time to buy house in wood land Houston Tc.
Great video thank you Javier!
This was very informative 🖤
Moved here from Pittsburgh love it here. Would buying a house in Sun City be stupid because of the ages of the houses?? I just love the houses they are so unique!
Very helpful video! Thank you Javier! Can’t wait to move
Great content and great tips! Question - is there anything a buyer can do to expedite the number to days to close? I guess I would take this into consideration as well when shopping for lenders since I am in a highly competitive market. I am just trying to find ways to make my loan more competitive compared to others... would love to hear your thoughts on this.
I signed a contract and paid my earnest money on a new build home. However I'm skeptical on purchasing it now. Aside from possibly losing my earnest money, is there any other penalties?
Hello Javier. Sorry about that I seen where you said that was yesterday it's gone. Anyway Javier I'm disabled and I can't do a whole lot but I do contract delivery every now and then. But when I got hurt I thought well there's my chance of having a home and still might be I don't know. I went to a crazy spell and when I came out of it one day on youtube I seen a ad that said rent to own so I started doing research and I got looking at this and that until I got right here today I was wondering is it possible for me to get into a home with just what I draw . I draw 958 a month and I want the God honest truth from you and right now I'm working on my credit to get to a 640 or higher it's at 582 now but I need someone to tell me the truth. Great video. Thank you.
Wow this was a scary video but like all others very informative. I never even thought about these numbers 😕 thanks Javier 👍🏾
Thanks Shar’via!
Live today????
The lewd ashtray densply fold because giant naturally realise till a cooperative selection. ready, intelligent harp
What’s up Javier
♡♡