You Will REGRET Getting A Mortgage In 2024 

Well said

Better yet dont buy a home. Theyre all wastes of money.

Amen. I just bought a new home. Started with my pre approval in March. The lender says, "You qualify for a $400k loan." I shut that down instantly. I had no debt, but I give to different ministries and helped pay for grandchildren to attend private school. None of that was figured in when by the mortgage company. Main take away....know what you want to afford, not what they tell you that you qualify for.

Definitely! I had to drop a realtor because they kept showing me homes I was qualified for but not in my budget. 🤣🤣 I'm like YES it's easy to find a house I can't afford that I want of course I'm going to love the house. I need a house in my budget that I can afford.

It's one of the best ways we can protect ourselves from the increasing interest rates

Then you will miss out on potential savings when interest rates drop

A fixed-rate mortgage can offer consistency and predictability in your monthly payments, which can be particularly beneficial during times of economic uncertainty or rising interest rates

@@OwenFlex at any point… lol

Adjustable rate isn't needed in order to take advantage of future rates. Anyone who is buying responsibly should be Able to refinance when rates become low enough to make it worth it. Yes refinancing costs money, but if a person was responsible in how much they put down and in not depleting all their wealth and savings in order to buy, refinancing will be easy.

You have 45 days in which you can have your credit run as many times as you want by multiple lenders and it will not affect your credit score. You can look on the CFPB‘s website to verify that.

I'm a realtor you have no idea jeb smith is one of the best in this industry hands down this man is taking time out of his schedule to educate people and realtors and before you say he's doing it for money he's in the Orange County market do the math million dollar listings at 3% closing 35 a year Mr smith even squats 405 with Abs 😂Keep going buff smith you have been a big influence in my career don't get me started on Josh Lewis sweet baby Jesus of Econ 😂

@@greendale634 yeah bank will be strick before they approved the loan this is not 2008 where bank don't verify the ability of borrower to pay.

If your trying to buy a house you should have a decent score

Appreciate the support as always

Appreciate the confirmation!

Thank you.

💯

THIS! ☝️ Same thing happened to us. The Mortgage "Advisor" promised things he couldn't deliver. Told my husband he can afford the house on his own own income. (I make more and even I can't afford it on my own). The advisor also told my husband that he can get us a lower rate, pay off our car and still get us a $5k cash out. We got locked into a lower rate alright, but he didn't tell us it would cost us an additional $9k on our loan. When we got the statement for the down payment, it was $5k more than we were told. Not to mention, the 5k cash out he promised never happened. The car was never paid off either. We ended up having to scrounge all of our bank accounts to make up the difference between what we were expecting to pay for the down payment and the actual cost of it. The lesson here is to ask questions. My husband was the primary borrower so the lender always called him and he took the the lender's promises at face value. You can sell oceanfront property in Kansas to my husband and he'll believe it. He's just too trusting. Another lesson, if it sounds too good to be true, it probably is. Don't buy it even for a dollar. And don't let your spouse buy the BS either. Always be a part of the conversation. Always!

There are always opportunities in every market, you just have to find them

I am posting my beautiful single family home for sale by owner . 15 min away from downtown orlando very nice location . Zillow FSBO 1074 Hamlet Dr Maitland ,FL 32751 title company takes care of all the paper work and 0% commissions . great deal to save money😊

@@neilsmith9066 exactly this guy’s only want likes 👍 so they can get pay a couple of dollars 💸.