What They Don't Tell You | Buying Your First House
We're sitting down and talking about everything you need to know when Buying Your First House and What They Don't Tell You. If you've been thinking about buying your first house then you definately need to watch this video before you buy to learn what you can expect when buying your first home.
We share how your debt affects your buying power and how your debt to income ratio is used by lenders to determine your loan. We go over some of our tips you need to know before meeting with a lender and the expenses they don't tell you when buying a house. We also discuss grant programs that are available to assist you with your down payment.
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00:00 Intro
01:07 Debt To Income Ratio
03:10 Tips Before Meeting with a Lender
04:10 Grants and Programs For Down Payment Assistance
05:08 Expenses They Don't Tell You When Buying Your First Home
05:52 How to Lower Your Interest Rate on Your Mortgage
06:19 Consider an After List of Expenses You Will Need
06:58 What is Escrow?
08:13 See the House at Different Times of the Day
08:46 Overcoming Minor Issues
10:16 Tip of the Week
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DISCLAIMER:
The information contained in this video should NOT be used as a substitute for the advice of an appropriately qualified and licensed financial advisor or certified public accountant. The information provided is for informational purposes only. Any reliance you place on such information is strictly at your own risk. Although we attempt to provide accurate and up-to-date information, no guarantee is made to that effect. Always seek the advice of your financial advisor or CPA with questions you may have.