The 5 most critical things you need to know before you apply for a mortgage.

06/06/2022 30 min Temporada 1 Episodio 16
The 5 most critical things you need to know before you apply for a mortgage.

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Episode Synopsis

You and I were briefly talking before this about things that you do for the first time. So if you're building a table, you did it for the first time, it took you three or four times longer. Well, you do that two or three more times. Guess what? You worked out all the kinks, you know exactly what to do you know the ins and the outs. And is the same thing with a mortgage the first time you did a more do a mortgage. You don't know everything. I mean, when I first did one I was pictured in my mind was a 30 year conventional. I didn't want to pay PMI because I didn't want to pay the interest on it and I thought that was totally anti I was totally anti PMI. So I waited till I had 20% and then I went and got a house But thinking back Heck, I did it wrong way, I could have done something so much different and had a house a lot sooner and had more equity and everything prior to even where I am now. So what that's what brought up the whole conversation is what do people learn later that they should they wish they would have known before? And I think one of the main things is, is when I did a mortgage, they actually quoted me a 30 year. I mean, in my mind, I thought that 30 year was great anyways. But did you know you know, 25 year? Did you know you do a 20? Did you know that just like you were talking there right now in arm, it might be the best, best way for you. But without those options, are you knowing, Hey, maybe I should ask that guy that question. You may not know.Connect with Us:For more episodes of Indy's Real Estate Gurus, visit IndysRealEstateGurus.com. Join our community for more insightful real estate discussions, tips, and expert advice. Don’t forget to subscribe to stay updated on the latest episodes! Follow Us on Social Media: Facebook: Indy's Real Estate Gurus Twitter: @IndysREgurus Instagram: @indysrealestategurus Contact Us:Have questions or want to get in touch? Email us at [email protected] or call or text us at 463-223-9592. We love hearing from our listeners! Support the Show:If you enjoy the podcast, please leave us a review on your favorite streaming platform. Your support helps us grow and reach more real estate enthusiasts like you!

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