Did you know that over 60% of homebuyers don’t understand the difference between fixed and adjustable-rate mortgages? In this episode of BRICK by BRICK: Building Homeownership, Suzi Beaver, your energetic branch manager at Castle & Cooke Mortgage in Marshville, NC, breaks down the essentials of mortgages with passion and care!Join Suzi as she guides first-time buyers through a relatable journey from college graduation to homeownership.Learn what a mortgage is: an agreement where a lender can take the property if you don’t repay the borrowed money plus interest.Explore key terms like PITI, HOA fees, and mortgage insurance.Discover the differences between: Fixed-rate mortgagesAdjustable-rate mortgagesGovernment-backed loansConventional loansNon-QM loansGet the insider scoop on the mortgage application process: Pre-approval: a sneak peek at how much you can borrow, showing sellers you’re serious.Documents needed: proof of income, employment, and assets (pay stubs, tax returns, bank statements).Credit score: your financial report card—higher scores mean better rates (hint: future episode covers improving it!).Suzi shares expert tips for first-time buyers: Get pre-approved with a lender before a realtor.Treat your first home as a starter home, not your forever home.With 30+ years of mortgage experience, Suzi emphasizes choosing a lender who listens to your unique story, because everyone has the right to own a home!Tune in, like, and subscribe for weekly empowering content to build your homeownership journey, brick by brick!Blessings! Suz CHECK OUT THESE FREE RESOURCES! Ready to check your credit for FREE? >> CLICK HERE! ((As of 7/27/25, these reports may be checked WEEKLY, not annually! Take advantage!)) Ready to apply and create your game plan? >> CLICK HERE! Already a homeowner? >> CLICK HERE for a FREE home valuation tool with monthly investment insights. 1x/month - NO SPAM here! Looking for a home? >> CLICK HERE for a FREE home search tool! Yes, it's better than Zillow. By 1000.

Ver todos los episodios