What Not To Do When Buying A House: 8 Things To Avoid

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8 home buying mistakes to avoid! Curious what not to do when buying a house?
We're going to cover house buying mistakes that SO MANY people make and can avoid easily.
And this isn't just for first time home buyers... even seasoned buyers can benefit from know what not to do when buying a house
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Hey, my name is Kyle and I'm a Loan Advisor serving Tennessee, Florida, and Ohio. I help you get a crystal-clear home loan so you can win the house you love.
www.winthehouseyoulove.com/
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www.winthehouseyoulove.com/
8900 N. Dixie Dr.
Dayton, OH 45414
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14 июл 2024

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Комментарии : 166

@fusobotic 4 года назад

Refreshing to see high production value and simple breakdowns in a real estate video. Also appreciate that you aren't selling us any particular lender (besides you lol)

@WinTheHouseYouLove 4 года назад

Thanks so much!! Haha and I try to keep the sell on myself to a minimum ;)

@71refldf76 4 года назад

I started watching your videos and I’m learning a lot. Thank you.

@WinTheHouseYouLove 4 года назад

Glad to hear it!

@TeslaCareyP 3 года назад

You have the perfect voice for asmr videos.

@WinTheHouseYouLove 3 года назад

Oh thank you!

@noahguzman7850 3 года назад

This is one the first RU-vid explain type channels that I can listen to without feeling exhausted after viewing. thank you! First time homebuyer here.

@WinTheHouseYouLove 3 года назад

Thank you so much for watching!! :)

@Mystr438 3 года назад

You can say that again! It’s stressful buying/ viewing properties.

@jasonmims5057 3 года назад

Home buying for dummies explained lender qualifications perfectly. It said when a lender approves a certain amount they are saying" Based on what little I know about your situation and the fact that I can't control your future behavior this us the maximum amount that I think is a prudent risk for my organization to lend you"

@WinTheHouseYouLove 3 года назад

That's an excellent definition!

@mf9724 4 года назад

Your videos are very clear and very helpful. I look forward to learning a lot more from you!

@WinTheHouseYouLove 4 года назад

Glad you like them!

@sumal9816 4 года назад

Thank you so much for all this information. I’m so glad you are licensed in TN. I will need your assistance pretty soon.

@WinTheHouseYouLove 4 года назад

You are very welcome! Looking forward to hearing from you :)

@ladytracy46 2 года назад

I love your videos you make it sound so easy yet less stressful you are on point I just subscribed to your channel thank you

@alisejackson1149 3 года назад

Thank you for this video! I am in the process of purchasing my first home. I’m in the underwriter process and I’m a bit overwhelmed. Truly appreciate your video!

@WinTheHouseYouLove 3 года назад

Glad it was helpful!

@ribikasileshi4916 3 года назад

Thank you so much for your calm and educative video. I really loved it, helps me understand a lot of things.

@WinTheHouseYouLove 3 года назад

You're very welcome!

@steevthetech 3 года назад

We are building a house in another state and it is very stressful. Your videos are so helpful and this one calmed me down. Many thanks. - Steev

@WinTheHouseYouLove 3 года назад

Glad it was helpful!

@prathitshrestha4180 3 года назад

Very Well Explanation! I am relaxed Thankyou

@Aussysmommy 3 года назад

Hi Kyle! Just started this process and am kind of freaking out, but was pleasantly your face popped up. Thanks for making these! Hope all is well.

@WinTheHouseYouLove 3 года назад

Hey Geniece!!! Feel free to shoot me a message on Facebook if you need any help :)

@jonathanshepard1517 3 года назад

love the wisdom at the end great stuff

@WinTheHouseYouLove 3 года назад

Thank you so much for watching!! :)

@carmenneumann6162 4 года назад

Great job on your presentation good learning experience for me,thank you.I like your philosophy.

@WinTheHouseYouLove 4 года назад

Thanks! Thanks for watching :)

@comehereodee 3 года назад

Very informative! Thank u! 👍😁

@WinTheHouseYouLove 3 года назад

My pleasure!

@EmunahYsrael 3 года назад

Thanks for what you do it really helps.

@WinTheHouseYouLove 3 года назад

Glad to help

@MartinaShuntay 3 года назад

Great video!! Thank you so much!!

@WinTheHouseYouLove 3 года назад

I'm so glad you enjoyed it, Martina!

@blaize21m 3 года назад

Wonderful informative video. Thank you.

@WinTheHouseYouLove 3 года назад

Thank you! I hope you can also get to watch my recent uploads especially the live streams.

@moniquewashington4319 3 года назад

You have educated me to the fullest 👍🥰

@WinTheHouseYouLove 3 года назад

I'm glad to hear it's been helpful!

@bhnurse16 4 года назад

These tips were really helpful! I'm thinking about relocating downstate within the next 1-2 years but I know I'd need to change jobs due to distance, so it's good to know that switching jobs in the lending process may not be wise. Thank you!

@WinTheHouseYouLove 4 года назад

Glad it was helpful! Kyle Seagraves → winthehouseyoulove.com

@practicalteachingchronicle6631 4 года назад

I am looking to start the USDA loan process I've done a lot of research and now I've came across these videos, which is adding and aid to my knowledge.From what I've learned for a new 1st time home buyer on a new development they offer 10-25% off the home.

@WinTheHouseYouLove 4 года назад

I'm glad to hear!!

@jbquigley2010 4 года назад

Hey Kyle, your videos are great. Could you do a video on the requirements for job history? For example in MA, I believe you need to be in the same industry for 2 years, but not necessarily at the same company. Thanks!

@WinTheHouseYouLove 4 года назад

Lovely suggestion! I'll add it to my list. And that's correct, usually you want to stay in the same line of work, but it doesn't have to be at the same company.

@Tony1999 4 года назад

Your voice is so calming

@WinTheHouseYouLove 4 года назад

Thanks!

@jellyrcw12 4 года назад

Another great video! Right now I am debating going with a FHA loan, a conventional loan, or a state of NY mortgage.

@WinTheHouseYouLove 4 года назад

Both are good options! I'm not too familiar with NY mortgage

@jellyrcw12 4 года назад

@@WinTheHouseYouLove hcr.ny.gov/sonyma-programs It seems like a NY specific FHA loan

@juliosuarez6566 3 года назад

Great videos !

@WinTheHouseYouLove 3 года назад

Glad you like them!

@AnaGonzalez-xj6pm 3 года назад

Easy to follow thanks

@WinTheHouseYouLove 3 года назад

You're welcome!

@AnotherDayOfBeauty 3 года назад

Thank you for acknowledging how stressful this is. I'm in the initial process of getting a house and I'm about to give up after speaking to my loan officer for the first time.;(

@WinTheHouseYouLove 3 года назад

Hang in there!

@markochoa 3 года назад

This stuff is solid!

@WinTheHouseYouLove 3 года назад

Thanks so much for watching!

@vanesitav.t.1106 3 года назад

I found one of your videos yesterday and found it soooo refreshing to watch! So detailed & well explained! Very educational. New fan!!!

@WinTheHouseYouLove 3 года назад

Yay! I'm glad you're here :)

@bearallison1633 3 года назад

Solid advice.

@WinTheHouseYouLove 3 года назад

Thanks!

@torianswilson 4 года назад

Thank you!

@WinTheHouseYouLove 4 года назад

You're welcome!

@lisasmith742 2 года назад

Wonderful voice💗and great video.

@WinTheHouseYouLove 2 года назад

Thanks for watching!

@lpisfierce2614 3 года назад

New subscriber here. Please voice audio books. I would totally listen lol love your voice!

@WinTheHouseYouLove 3 года назад

Thanks!

@BigNikkEnergy 4 года назад

I began viewing your videos and i am excited to have cone across them. I am interested in setting up a plan towards my home buying goals and would like to know how i can contact you or your team. I have go on the site but im not interested in applying for a mortgage just yet. Can you help point me in the right direction, please. Thank you the plethora of information you have supplied us with, it is greatly appreciated and needed!! Keep us the awesome work!!👍🏾👍🏾

@WinTheHouseYouLove 4 года назад

Hey Keyla! You can schedule a call on my website :)

@justme-qd4uv Год назад

So glad to have discovered your channel. The advice has been so helpful in our home purchase process. My question is, we have been pre approved, we have received our loan estimate. My concern is my husband decided to take his motorcycle to get fixed and charged it on a credit card. 1,500. Should we be concerned and should I bring this up to the lender? Thank you in advance. 💕🙏🏻

@mskrazie Год назад

you have a good ASMR voice my friend 😅👍🏼

@WinTheHouseYouLove Год назад

I have an ASMR Video! Here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-gB3W9cEfgrU.html Enjoy!😅

@ruellaplana9141 3 года назад

Thanks👍

@WinTheHouseYouLove 3 года назад

Welcome 👍

@Altamont89 3 года назад

Great info! I know that it’s a bad idea to make huge purchases on a credit card but what if I need to pull out lets say 2k out of my checkings after being prequalified, would that affect me?

@WinTheHouseYouLove 3 года назад

If you need that $2k for closing costs/down payment, then make sure your loan officer knows. If you don't need it, then it won't affect you.

@blessed2presscreations795 3 года назад

Hi Kyle, Thanks for your help and sharing your knowledge and wisdom. Are you licensed in Georgia and the Carolinas? Or can you recommend someone from those areas? I need guidance for my first time purchase and I will be relocating to one of those states from NJ. Thanks in advance. Janita

@WinTheHouseYouLove 3 года назад

Thank you so much for watching!! :) I am not. You can go to my website and click on the apply button to be connected with a lender I trust → www.winthehouseyoulove.com/

@SuperSwatts1 4 года назад

I'm strangely calm right now. We just had mutual acceptance with inspection and appraisal coming up with a closing date of July 13th!

@WinTheHouseYouLove 4 года назад

Great!! Best of luck!

@prncessbaby16 4 года назад

Awwww that's my birthday! Did you end up closing on time?

@SuperSwatts1 4 года назад

@@prncessbaby16 No we didn't in fact we still haven't due to the fact that there is only one appraiser in our area. But it is finally done and we close now o the 31st.

@mrderek800 Год назад

Can I find you on Audible or a podcast? Wow!

@WinTheHouseYouLove Год назад

Hey Derek! I make all these videos into a podcast on all platforms if you search for “Win The House You Love”

@mrderek800 Год назад

@@WinTheHouseYouLove definitely giving ASMR vibes. 🤙

@practicalteachingchronicle6631 4 года назад

Also, make sure to know what is the HPI (home price index). Thats the average price for a specific home & bedroom would cost in that specific or city. A lot of HOMES are WAY OVERPRICED for that specific area (city). If we going to education don't leave out info.

@WinTheHouseYouLove 4 года назад

Thanks!

@kevadenerohughes1418 Год назад

The job change thing was surprising, I did a transfer, for the same company and my job title and income changed, but this was before the pre approval , their will still be questions on this.

@WinTheHouseYouLove Год назад

I just recorded a personal video reply for you: vid.us/k68ooa

@kevadenerohughes1418 Год назад

Thank you so much , I actually did inform them how it worked and what she wanted to do was rerun my credit for the higher income in August, however, I’m actually good at the offer I got from another lender, I’d rather stay in my budget , like you said , just because they give you that much , it doesn’t mean you should use it.

@practicalteachingchronicle6631 4 года назад

You can do your own negotiation bc realtors in the business to get the highest commission possible so they don't go in with the best offer.

@WinTheHouseYouLove 4 года назад

Great tip

@practicalteachingchronicle6631 4 года назад

@@WinTheHouseYouLove Go online and look up negotiations sample for a house. And if you buy a new home, in a new development they want tell you but they have 10-25% off new developed homes

@Righhhhhtttt 4 года назад

Question, I’m about a year out from buying a home and I really want to refinance my car loan, will that be looked at negatively when I start the home loan process?

@WinTheHouseYouLove 4 года назад

Nope! You're good to go :)

@ryanbarker3978 3 года назад

Regarding #7 - Are you able to utilize a large deposit for a down payment granted it is documented in the mortgage closing process up front? E.G. - Let's say I receive an STI that is 20% of my yearly income in February and am looking to buy in March. If I know that STI is coming, can I write it in when I begin the process in January/December and utilize it? Thanks for all of the greatly informative videos!

@WinTheHouseYouLove 3 года назад

You sure can!

@ryanbarker3978 3 года назад

@@WinTheHouseYouLove Beautiful, thank you for confirming!

@FireyCam 11 месяцев назад

So when doing a down payment ... does the seller take your down payment or do the lender that you are doing the mortgage takes it and rolls it out to the seller in one big check?

@edwardstetroy 4 года назад

Hey Kyle, why is it so hard for me to find local lenders in Brooklyn NY? Am I doing something wrong? Is there a central website that allow me to filter through local lenders depending where I live? Also, checked your company and saw that you guy's aren't in NY

@WinTheHouseYouLove 4 года назад

From my understanding, NY is a difficult state to get licensed in. Here’s who I recommend for NY: m.facebook.com/BenLavenderMortgagePro/

@edwardstetroy 4 года назад

@@WinTheHouseYouLove Got it! Thanks so much!

@olympialopatin1115 3 года назад

Any advise for nurses? I work 3 jobs and my hours vary depending on how much I want to work that month. I have one main P/T job for 17 years

@WinTheHouseYouLove 3 года назад

Thanks for commenting! To know your options and to know if you can qualify for a loan, you'll want to reach out to a loan officer who can help. You can click Apply on my website (www.winthehouseyoulove.com/) to be connected with a loan officer I trust.

@magantT0309 4 года назад

What if you opened a credit card ($7,000. literally only debt we have) not long before getting pre qualified?

@WinTheHouseYouLove 4 года назад

You should be ok! Might bring your score down a touch, but nothing I’d be concerned about

@user-np6tf8zx1u 4 года назад

What are your thoughts on NACA?

@WinTheHouseYouLove 4 года назад

I'm not too familiar with it unfortunately!

@gabeajmia 4 года назад

In regards to large deposits....if you already have money in the bank that you have been saving for months say $9000, does the lender question where that came from since there is only a look at 2 months bank statements??

@WinTheHouseYouLove 4 года назад

They'll only question large deposits within the past 2 months of bank statements submitted. They don't care about the starting balance prior to that.

@j0nnicage 3 года назад

I'm looking to buy a house in Texas this year and it can be a bit stessful

@WinTheHouseYouLove 3 года назад

Don't forget the fact the having a home is also exciting. Best of luck! :)

@karinarodriguez8482 2 года назад

If an applicant has a joined bank account with a child or parent, will that bank account be reviewed by the loan officer?

@jessc5362 4 года назад

Question that is a little embarrassing. We sold our home a year ago. We are looking to buy in September, with our old mortgage we were often late (had the home 2 years were late past 30 days probably 50% of the time 🤦🏻‍♀️). It was our first home and we realized our mistakes. So when we go to a lender would we likely be denied because of our past mortgage history? Even though that was over a year ago and we have turned our credit around.

@WinTheHouseYouLove 4 года назад

It probably won't be a huge deal since the home is sold. You'll probably only qualify for an FHA loan right now, which is still a good loan. And then you can refinance into a Conventional once those mortgage lates are a bit older.

@jessc5362 4 года назад

Win The House You Love Thank you for your reply. I ended up applying but the mortgage did affect the application :( the denied me because it was within 2 years. I’ll need to wait til December. But do all lenders go back 2 years or only certain ones?

@WinTheHouseYouLove 4 года назад

@@jessc5362 It does depend lender to lender. You might be able to qualify for a portfolio program through Caliber Home Loans.

@malina10 4 года назад

I love your voice! So Calm and soothing lol..your videos are extremely helpful. Thank you!

@goldenstandard187 2 года назад

💛

@WinTheHouseYouLove 2 года назад

Thanks for watching! :)

@black_guardd1194 3 года назад

Hey Kyle, what you think about house hack? If I have a mortgage of $3k but I have $1500/mo of available funds for mortgage and my roommate pays $3.3k in rent, is this a worthwhile loan to take on right now? The location is in a big city.

@WinTheHouseYouLove 3 года назад

As long as it'd be comfortable for you, then that'd be ok. Make sure you can foot the bill if it's ever vacant, though.

@man.dog.travel153 Год назад

how far back do lenders look at large deposits? 2 months?

@WinTheHouseYouLove Год назад

I just recorded a personal video reply for you: share.descript.com/view/0Plu89E2aau Feel free to email me at kyle@winthehouseyoulove.com

@302RELL 4 года назад

I want to make a large deposit from stocks that I own, I would have trade confirmations from the stock broker. Since I have documentation that shows where the money comes from, would I be good to have it deposited to put towards down payment?

@WinTheHouseYouLove 4 года назад

You can do that no problem at all! :)

@302RELL 4 года назад

Win The House You Love thanks!

@josh47807 4 года назад

I changed careers in April how long before I can get a mortgage?

@WinTheHouseYouLove 4 года назад

If it's in the same line of work, usually the lender will want to see 2 new paystubs at a similar or higher income range.

@withloveloriblog 3 года назад

When you talk about changing jobs, my husband and I want to relocate but he will still work for the same company, just a different branch. Will that be considered changing jobs still?

@WinTheHouseYouLove 3 года назад

That transition will be perfectly fine :)

@withloveloriblog 3 года назад

@@WinTheHouseYouLove thank you so much for answering and for your videos!

@GT-ni5wv 3 года назад

HI, so my question is we live in IL and we own a house here in IL but the house is not paid off yet and we are not planning to sell the house rather have someone move in and pay the morgage . Now we would like to buy a house in evansvile inidana and offcorse we will have job change manufactory work to different manufactory company, we already know we qualify for an FHA loan but how long do I have to wait after I have a new job to qulify for a house loan in Idiana ? My credit score is 640 as of right now. We woul love to move sometime next year in february . I wold love to hear your oponion or ideas you might have for me and my husband . Thank you

@WinTheHouseYouLove 3 года назад

Before COVID, you could get a loan based on a job offer letter. But, the current guidelines will require you have minimum of a 2 weeks worth of paystub. Some lenders may require a 4 weeks worth of paystubs.

@GT-ni5wv 3 года назад

@@WinTheHouseYouLove Thank you see we been told its like one year we have to wait until we could get a loan

@RichV20 3 года назад

11:45 What is a large amount of money?

@WinTheHouseYouLove 3 года назад

For most lenders it's any amount greater than 50% of your monthly income.

@crystaleeferguson1515 3 года назад

Hi Kyle questions can I pay my credit card with cash while I’m in the process of purchasing a home ?

@WinTheHouseYouLove 3 года назад

Monthly payment, yes. Full balance, the underwriter will usually need to source the cash if the monthly payment will be removed from your debt-to-income ratio.

@crystaleeferguson1515 3 года назад

@@WinTheHouseYouLove ok great, cause I'm in the process of purchasing a home my application will be submitted to underwriting next week, but my bills are due, after watching your videos I decided to cash my checks and pay my bills with cash so It doesn't mess up anything, but aren’t they going to want to know why I don’t put my check in the account??

@missbnatural4384 3 года назад

Got pre approve . Now under contract. Lender mention We should get a credit card . Will this hurt us in under writing?

@WinTheHouseYouLove 3 года назад

Interesting that they want you to get a credit card after you're under contract... I'd double check with why they want you to do that.

@missbnatural4384 3 года назад

Win The House You Love to keep our credit from falling . Need positive credit .

@royyalkulturefinancial6265 3 года назад

But think about it.... A 250k thousand dollar house is NOT worth 250k. With the label cost, interior/exterior material these HOMES are CHEAP! They are ONLY spending about no more than 30k. And they want a 4x profit. Listen, I live in Texas I've been sitting at sites and watching how they bill these homes and have been talking to these labor workers and they spill the beans... Most this workers are from day labor sites so they not paying them contractors crap! Bottom line is this, if they don't want to negotiate 3-6% off the purchase price. I don't wanna it.

@WinTheHouseYouLove 3 года назад

All your choice :)

@royyalkulturefinancial6265 3 года назад

That is true too. Lol

@BronzeGirl 3 года назад

Does promotion at same company fall under same guidelines of changing jobs

@WinTheHouseYouLove 3 года назад

The details of your job is important. If you’re moving from one position or higher income (in your case, a promotion), and you are able to provide documentation of your income history, then you may be able to avoid disrupting your loan approval process.

@BronzeGirl 3 года назад

@@WinTheHouseYouLove thanks for responding. Your channel is very helpful

@johnlamb4465 3 года назад

If I generate a large amount of wealth suddenly in the Stock market like 200,000 and want to apply that to a new first time home will that be an issue. It's not cash but from my trading brokerage.

@WinTheHouseYouLove 3 года назад

Not an issue at all. You'll just need to show proof that those funds came from stock market gains.

@dlocomx783 3 года назад

How low can you go bellow the price?

@WinTheHouseYouLove 3 года назад

There's no minimum

@jessicas6640 2 года назад

Hey Kyle! I have a question. I know not to make big purchases worth thousands of dollars when looking to purchase a house but I just did my yearly taxes and I owe about $2300. The IRS will be taking that out from my bank account. Will the underwriter use that against me? Thank you!!

@WinTheHouseYouLove 2 года назад

Nope!

@jessicas6640 2 года назад

@@WinTheHouseYouLove thanks for the reply 👍🏻

@jamiegonzalez2958 3 года назад

Did you get Lasek?? where are your glasses???

@WinTheHouseYouLove 3 года назад

Contacts ;)

@royyalkulturefinancial6265 3 года назад

I'm NOT buying no 250-300k (liability) house that is someone else's vision (dream home). And we just have to pick one you mostly willing to settle with. This not how you buy your "American Dream Home" Most builders do NOT have a lot of options for you to pick out your own stuff. They want you to buy their specs homes. They are going to have to be reason in the negotiations due to these problems. Otherwise, I'll be staying in my apt. I've been at this for a yr. And I aint buying into this Scandal. Everyone profit off the buyer (seller, realtor, broker, bank with interest, HOA, insurance company...) and the buyer you is stuck with an expensive liability. NO DEAL. Lol

@WinTheHouseYouLove 3 года назад

All your choice :