Just closed on my first house and I have nooooo idea how people are comfortable buying a house without money stacked aside. Closing costs were huge, money goes quick furnishing the house, and so many small costs you don't think of, starting utilities, changing drivers license, forwarding mail, getting a security system set up, it just doesn't stop. I'm so happy I waited and stacked my money for years to make this happen, otherwise I'd would be in way over my head
yea same I got 55K for a house downpayment + emergencies, and my GF has like 30K for a down payment + emergencies, I got 60K in long term retirement savings, and I still dont wanna pull the trigger and get a house yet, im 25 btw so first time home buyer, I just want the market to crash and grab a decent house for like 200K
Well, just as I got my 20% (plus closing costs and a 3-6 month emergency fund), the rates skyrocketed. Now I can't afford a house the current prices and rates. So, I'm still saving hard to try to get to 30% by the beginning of next year. Hopefully, prices/rates will allow me to pull the trigger then. If not, I'll keep saving until I am comfortable with the payment. I don't want to buy until I'm ready.
@@OlDirtyBuckus That's part of the problem I have. I'd be comfortable if my overtime was guaranteed. I have to be comfortable on my base pay though, which I'm not at the moment.
I managed to qualify this year for First home buyer program and lock the rate of 4% for a ARM 7. I am looking forward to refinance whenever the mortgage rates will go down...
We’re in the same position. I worked 2 jobs during the pandemic to keep myself occupied. I saved up $30k and just as soon as I thought we could buy our first home, they raised the ceiling with cost and interest. So we have to save more to get to a comfortable monthly payment. Part of me wants to save aggressively for 4 years and try to pay cash for a home instead.
i bought a home within my means 3 months ago i got a grant to cover closing costs and the total we paid for closing costs was $51 on closing day which ended up being paid back to me because the grant covered all expenses. i went with a local lender and fha loan. don’t listen to the lenders that try to make you feel like it’s out of reach for you, if they aren’t eager to help you they aren’t the one! my lender went all out for me like it was her mission in life lol keep positive it’ll happen you don’t need to stress and ruminate over every single detail trust the process 💓
@@rickyrivas4893 in Sharon Pennsylvania with Novus Mortgage-her name was Sara and she was amazing. like i said it was within my disability income budget which is very low (2k/month) so if you actually have valid consistent income it would probably be much easier
I really just find it hard to justify to myself only putting down like 3-5%. Like in the long run is it really worth it with all of the PMI you're paying and such? That's where I'm hung up on. So I'm currently saving for 20%. Also, Tears of the Kindom is amazing!!!
Ummm sir... where have you been? I've been waiting on a video 😆... Your videos have helped me greatly! These darn taxes in Texas are high as hell! My taxes are higher than the principal & interest. Edit update: CONGRATULATIONS on your beautiful bundle of joy.
@@Louisiana2Texas I see. A new law passed to hopefully lower tax rates in TX. I'm sorry to hear that yours is so high. Aren't you able to get a tax credit for some of that though?
I just bought a home! It's a new build, and I got 20k in incentives. I only needed the downpayment ($10,500). I completely disagree with the fear mongering against first-time buyers. I am 100% confident that if the one-time student loan forgiveness is upheld in the Court, tons of buyers will flood the market regardless of the interest rates. It's better to at least LOOK for a deal when people are too scared to buy.
Im with @bdp295 how the hell do you pay almost $11k as a down payment ? What kind of house is it and where ..cause it seems like a hell of a deal unless I see it first hand
I think the mortgage payment matters more when deciding how much to put down. If you can only afford a $2k mortgage payment and that is only for a loan of lets say 300k, then you can get a house worth 320k and put 20k down or a house worth 400k and put 100k down.
I’m in Texas & my property taxes were $7,500 💀. But I have no more mortgage so I can’t complain, the only thing I can complain about is the Tex-mex food 🤢 .
I’m in Texas and I pay close to $5k for 1500 sq ft 1982 house. Where does all of this tax money go? Certainly not into maintaining the communities. The cities/state in general all look like wastelands. Don’t forget the $80 tax you pay in a set of tires. Or $10 on a meal out with your family. Texans pay a lot of taxes and most don’t even realize it.
Looking good man. Dude can pull off casual looks and educate. The professional look and actual facts takes you to the next level. Congrats on the kid. Keep going.
I’m 31 years old. I just got my first home which is a brand new build for 359k in the Dallas, Texas metroplex for 3% down with a conventional loan. I do have great credit that I’ve been actively working on for about 10 years now. Saving for the down payment is straight forward but the closing costs are sneaky and annoying af.
@@dmavs4131 Congrats dude! I'm 30/31 as well! I should close right before my 31st bday in December. I'm glad we got good deals and didn't let the scare tactics keep us from making money moves! Dallas is cool! You've got the best BBQ only a stone's throw away at Goldee's! Nice.
I sold my baby to get more money for a down payment. Still dont have enough saved. My wife and i are thinking we should have enough in about another nine months.
@Javier Vidana BTW, Javier, I think you look fine. I am curious to know (living in the Phoenix area) what are your favorite Mex-Mex restaurants in town? Great food (not gross Sysco food), esp. little hole in the walls, taquerias, whatever? Thanks!
@javierVidana: following up in case you didn't see this. We'd love to know your pics for great Mex-Mex restaurants in Phoenix/Scottsdale/East Valley, etc. or other amazing restaurants, especially if they're near some good housing areas!
At this market you need bare minimum 10% down or even 20% if your in the pricier markets like California. This market is without a doubt unsustainable the Fed is targeting for a nice tick up on unemployment. We will see if they succeed. If not stagflation it will be.
Realistically 250k is a decent home in MOST states. 20% of that is 50k. Let's be honest.... How long would it take the average American family to save 50k................
Interesting !! working with an investment professional could help you prepare for life. While others were whining about inflation, I was busily cashing out my Diversified-portfolio, eventually earning more than $370,000 for the first quarter of the year. I'm grateful that I was able to get in touch with my coach, Joseph Sullivan Anderson, early in the year. Thanks to Joseph Sullivan Anderson, we were able to pay off our debt and begin saving for retirement.
I've got bad history with money and I've some terrible investment decisions in the past. I need advise since I want to retire early and also attain financial freedom. How do I go about finding this advisor?
My Advisor....would tell me that saving nothing is foolish, and that saving every cent that isn't already being used to pay bills or buy groceries is unreasonable if you want to retire early. A well-diversified investment portfolio is a must.
Joseph Sullivan Anderson, my advisor, acts as a fiduciary with substantial knowledge and doesn't guarantee absurdly high returns. It has been rewarding to work with him, and he has been very helpful in rearranging my entire portfolio. He is a great resource for anyone trying to understand the financial industry due to his extensive experience. I advise you to look him up.
That is a name I recognize. I believe I read about this analyst in a business publication Joseph Sullivan Anderson has a solid reputation and a keen understanding of how to profit from economic volatility.
My portfolio recently reached 6-figures, and here's what I have to say about it. It is important to carefully analyze your options and keep an eye on the economy when investing during inflation. Make sure your portfolio consistently reflects your risk tolerance and financial objectives by reviewing and rebalancing it. A financial advisor can offer tailored advice based on your unique situation and assist you in navigating the challenges of investing during inflationary periods.
Meanwhile I have friends who bought in 2015 who could have never afforded the 20% back then plus a half year savings. They netted a cool 300k from a sale last year…. Don’t listen to this shit. They would still be saving to this day listening to stuff like this.
“to settle just like my wife did” -😂😂😂
Just closed on my first house and I have nooooo idea how people are comfortable buying a house without money stacked aside. Closing costs were huge, money goes quick furnishing the house, and so many small costs you don't think of, starting utilities, changing drivers license, forwarding mail, getting a security system set up, it just doesn't stop. I'm so happy I waited and stacked my money for years to make this happen, otherwise I'd would be in way over my head
yea same I got 55K for a house downpayment + emergencies, and my GF has like 30K for a down payment + emergencies, I got 60K in long term retirement savings, and I still dont wanna pull the trigger and get a house yet, im 25 btw so first time home buyer, I just want the market to crash and grab a decent house for like 200K
At these prices best to have 50%
Pfffft, i would offer a very low price lol
I'm thinking at least 30% if you don't wanna be house poor
Well, just as I got my 20% (plus closing costs and a 3-6 month emergency fund), the rates skyrocketed. Now I can't afford a house the current prices and rates. So, I'm still saving hard to try to get to 30% by the beginning of next year. Hopefully, prices/rates will allow me to pull the trigger then. If not, I'll keep saving until I am comfortable with the payment. I don't want to buy until I'm ready.
Same I've got my lump some from working a lot of overtime, but I don't make enough with my base pay to afford the monthly payment.
@@OlDirtyBuckus That's part of the problem I have. I'd be comfortable if my overtime was guaranteed. I have to be comfortable on my base pay though, which I'm not at the moment.
I managed to qualify this year for First home buyer program and lock the rate of 4% for a ARM 7.
I am looking forward to refinance whenever the mortgage rates will go down...
A wise individual
We’re in the same position. I worked 2 jobs during the pandemic to keep myself occupied. I saved up $30k and just as soon as I thought we could buy our first home, they raised the ceiling with cost and interest.
So we have to save more to get to a comfortable monthly payment. Part of me wants to save aggressively for 4 years and try to pay cash for a home instead.
i bought a home within my means 3 months ago i got a grant to cover closing costs and the total we paid for closing costs was $51 on closing day which ended up being paid back to me because the grant covered all expenses. i went with a local lender and fha loan. don’t listen to the lenders that try to make you feel like it’s out of reach for you, if they aren’t eager to help you they aren’t the one! my lender went all out for me like it was her mission in life lol keep positive it’ll happen you don’t need to stress and ruminate over every single detail trust the process 💓
Where did you buy
@@rickyrivas4893 in Sharon Pennsylvania with Novus Mortgage-her name was Sara and she was amazing. like i said it was within my disability income budget which is very low (2k/month) so if you actually have valid consistent income it would probably be much easier
Thanks I needed to see this.
@jazzavayvibes What a blessing, I'll look up Sharon, Thank you and a HUGE Congratulations 1 year later 🙏🏿🙏🏿
Congratulations on your new bundle of joy!!!
I really just find it hard to justify to myself only putting down like 3-5%. Like in the long run is it really worth it with all of the PMI you're paying and such? That's where I'm hung up on. So I'm currently saving for 20%. Also, Tears of the Kindom is amazing!!!
This is such great information. Many buyers continue renting because they listened to someones well intended but incorrect advice.
Congratulations on the baby! Mine's 6 weeks old so we're in the same boat.
A NEW JAVIER VIDANA VIDEO!!!
Ummm sir... where have you been? I've been waiting on a video 😆... Your videos have helped me greatly!
These darn taxes in Texas are high as hell! My taxes are higher than the principal & interest.
Edit update:
CONGRATULATIONS on your beautiful bundle of joy.
What is the rate in yoour community? Mine is only 2.58.
@@TxHoneyBee 3.259 (taxes are high). I pay more in taxes than principle and interest. I pay 697 for taxes alone 🤦🏽♀️😫
@@Louisiana2Texas I see. A new law passed to hopefully lower tax rates in TX. I'm sorry to hear that yours is so high. Aren't you able to get a tax credit for some of that though?
So glad to hear from you!!! My co- workers and I were just discussing this topic recently.
I just bought a home! It's a new build, and I got 20k in incentives. I only needed the downpayment ($10,500). I completely disagree with the fear mongering against first-time buyers. I am 100% confident that if the one-time student loan forgiveness is upheld in the Court, tons of buyers will flood the market regardless of the interest rates. It's better to at least LOOK for a deal when people are too scared to buy.
😮 congratulations 🎊 🎉
@@babybabibaby Thank you, dear!
😂 the student loans ain’t going anywhere. What was the cost of the house with a $10,500 down payment?
Im with @bdp295 how the hell do you pay almost $11k as a down payment ? What kind of house is it and where ..cause it seems like a hell of a deal unless I see it first hand
@@edercortes1960 Why the heck would I tell you where I live?
I always look for your videos even though we bought a home earlier this year. Congratulations on the new baby!
Congrats on the baby 🎉
I think the mortgage payment matters more when deciding how much to put down. If you can only afford a $2k mortgage payment and that is only for a loan of lets say 300k, then you can get a house worth 320k and put 20k down or a house worth 400k and put 100k down.
Congratulations on the new baby girl ❤
I’m in Texas & my property taxes were $7,500 💀. But I have no more mortgage so I can’t complain, the only thing I can complain about is the Tex-mex food 🤢 .
How many sq ft is the house?
I’m in Texas and I pay close to $5k for 1500 sq ft 1982 house. Where does all of this tax money go? Certainly not into maintaining the communities. The cities/state in general all look like wastelands. Don’t forget the $80 tax you pay in a set of tires. Or $10 on a meal out with your family. Texans pay a lot of taxes and most don’t even realize it.
I’m so shocked about the amount y’all pay in property taxes! I pay $1400 for my 1,400sf house and about $2200 for my 3750sf house
@@Lovemonniibee that’s how much I used to pay in my San Diego ,California home .
Your content just gets better and better
Trust my relatives in texas just said their property tax shot up from 300-600$ snd some of their neighbors are moving. Smh
Looking good man. Dude can pull off casual looks and educate. The professional look and actual facts takes you to the next level. Congrats on the kid. Keep going.
Thank you King!
Im dropping my debt ratio 2023 and in 2024 I’m building home thank you 🙏🏽
Thanks for the video
Aint Nobody trying to buy a house this week. It's Legend of Zelda:Tears of the Kingdom week. People trying to save Hyrule
Hmm, I'm still adjusting to the new look. 🤔
We had 46% down payment and still was not enough to make the mortgage low enough for us to move. 😅 we are in Los Angeles, so yeah
Same issue here with 30% down.
Same here, L.A. resident with 33% down and still not enough to afford the mortgage 🙃
Congratulations to you and your wife
This all depends upon on if one can afford that house payment 😅. With the current interest rates and house prices one maybe renter for life 😵💫.
Congrats on the new baby...
Thanks!
Congrats on the birth of your child and big ups to your strong wife! I’m also a fan of the mustache
congrats Javier on your new born .
Love the look!
Congrats on the new baby :)
I’m 31 years old. I just got my first home which is a brand new build for 359k in the Dallas, Texas metroplex for 3% down with a conventional loan. I do have great credit that I’ve been actively working on for about 10 years now.
Saving for the down payment is straight forward but the closing costs are sneaky and annoying af.
Did you get incentives to cover closing? I bought at 295k with 20k in incentives for a brand new build. I feel blessed.
@@TxHoneyBee awesome. Yep I got incentives also. 11k towards closing costs. New builds are the way to go I feel like.
@@dmavs4131 Congrats dude! I'm 30/31 as well! I should close right before my 31st bday in December. I'm glad we got good deals and didn't let the scare tactics keep us from making money moves! Dallas is cool! You've got the best BBQ only a stone's throw away at Goldee's! Nice.
@@TxHoneyBee agreed dude! Congrats ! Yeah I stopped listening to the scare tactics too and made it happen!
@@dmavs4131 where in Dallas? Everything being further out unless it in the ghetto
did they change that? my parents always said property tax was yearly? is it monthly now? or caan you decide
I sold my baby to get more money for a down payment. Still dont have enough saved. My wife and i are thinking we should have enough in about another nine months.
Forgot you’re a Nintendo fan! The tears of the kingdom reference was awesome
Congratulations
“Just like my wife did” lol 😂
Love your videos, congrats on the new born
Thank you
Physicians mortgages also let you do 100% financing and no PMI. FYI.
Congratulations ❤
be careful you don't get any taco drippings on your professional attire
And here you are going to a Mexican for advice on buying a home😂
Congratulations! 🖤 Thank you for being the best realistic real estate zaddy. ,😂
Got a question, do I need to buy owner title insurance? My lawyer is keep saying that’s a way to go?
So I should just never move out?
Houses are way too expensive right now. My market is still hot too, so it's just not viable to get one. Maybe someday.
lmao!! 🤖 "closing costs" I watched that like 4 times 🤣
A little late but congrats on the baby 🙏
When from cool uncle with money to strict family dad
Can u put 75% down on the house or is that a bad idea?
My problem is I'm going to save it then spend it on a rzr
Liking the Kyle Seagraves look
Yup, we are waiting until next hopefully by the end of the year we'll have 50k+ for a down payment.
I'm just going to construct an adu at my mom's lol
@Javier Vidana BTW, Javier, I think you look fine. I am curious to know (living in the Phoenix area) what are your favorite Mex-Mex restaurants in town? Great food (not gross Sysco food), esp. little hole in the walls, taquerias, whatever? Thanks!
@javierVidana: following up in case you didn't see this. We'd love to know your pics for great Mex-Mex restaurants in Phoenix/Scottsdale/East Valley, etc. or other amazing restaurants, especially if they're near some good housing areas!
At this market you need bare minimum 10% down or even 20% if your in the pricier markets like California. This market is without a doubt unsustainable the Fed is targeting for a nice tick up on unemployment. We will see if they succeed. If not stagflation it will be.
Don’t you pay an extra fee if you’re not putting 20% down?
You'll pay PMI (Private Mortgage Insurance).
bro did you not watch the video
I live in Long Island Ny..do you know how much i need to even think about 20% down 😂
Austin, Texas here-- you are so right! and for the record we never wanted Elon and Joe> They suck too! LOL
Well with incomes as low as they are,you need 80% down payment
I don't need reserves I own my own company and my wife is a nurse. ✌🏼😁
Realistically 250k is a decent home in MOST states. 20% of that is 50k. Let's be honest.... How long would it take the average American family to save 50k................
He feeling the beard
Mex mex is the best kind of food
Haha I feel like I've gotten into this argument in your comment section 😆
Montez!!!
that stache is such a daddy
hey
Mex Mex tons better correct 😂
🎉🎉🎉🎉🎉🎉🎉🎉first!
I thought Conventional the minimum was 3.0 or 3.5 ?
nevermind I got to timeline 4:00 (lol)
Did ja Watch the video?
The old man is right though.
Dat Stache !!
Mex-Mex > Tex-Mex true but ...CA-Mex>AZ-Mex .Sorry, not sorry. 😂
You look like Erik Griffin
Haha you're mimicking that cringe tax dude
I put 32.5% down on a 800k home. I want to pay it off in 4 years.
*
Oh please, how can someone get to speak with Mary Margaret Schimweg!!?
@@ainanarvaez9496 she will guide you👇👇
+1
50921
32578
Interesting !! working with an investment professional could help you prepare for life. While others were whining about inflation, I was busily cashing out my Diversified-portfolio, eventually earning more than $370,000 for the first quarter of the year. I'm grateful that I was able to get in touch with my coach, Joseph Sullivan Anderson, early in the year. Thanks to Joseph Sullivan Anderson, we were able to pay off our debt and begin saving for retirement.
I've got bad history with money and I've some terrible investment decisions in the past. I need advise since I want to retire early and also attain financial freedom. How do I go about finding this advisor?
My Advisor....would tell me that saving nothing is foolish, and that saving every cent that isn't already being used to pay bills or buy groceries is unreasonable if you want to retire early. A well-diversified investment portfolio is a must.
Joseph Sullivan Anderson, my advisor, acts as a fiduciary with substantial knowledge and doesn't guarantee absurdly high returns. It has been rewarding to work with him, and he has been very helpful in rearranging my entire portfolio. He is a great resource for anyone trying to understand the financial industry due to his extensive experience. I advise you to look him up.
That is a name I recognize. I believe I read about this analyst in a business publication Joseph Sullivan Anderson has a solid reputation and a keen understanding of how to profit from economic volatility.
My portfolio recently reached 6-figures, and here's what I have to say about it.
It is important to carefully analyze your options and keep an eye on the economy when investing during inflation. Make sure your portfolio consistently reflects your risk tolerance and financial objectives by reviewing and rebalancing it. A financial advisor can offer tailored advice based on your unique situation and assist you in navigating the challenges of investing during inflationary periods.
You look too profesional now 😢lmao
Please shave off the moustache. It makes you look older
Meanwhile I have friends who bought in 2015 who could have never afforded the 20% back then plus a half year savings. They netted a cool 300k from a sale last year…. Don’t listen to this shit. They would still be saving to this day listening to stuff like this.
Are we just trolling Kyle now 😂🥸
That's a great mustachio 🥸