We recently got a question from a listener that actually comes up all the time - Where does all the money go when you buy a house? Well wouldn’t you know it, we know the perfect guy to answer that question, and anything else you could ever want to know about getting a mortgage. 

 

Today’s guest, Jason Trout, owner of JMT Mortgage, has been in the business over 20 years, and he’s basically seen and done it all. Jason breaks down all the home buying costs, and the fees associated with the home buying process. He covered everything from the closing costs, prepaid escrow items, origination points, title fees, and so much more. 

 

Jason also dispels some of the misconceptions about what you truly need to do to be able to qualify for a mortgage. It’s surprisingly much easier to go from renting to owning than many people think, and some of the things that are holding people back like bruised credit, high debt, or thinking they don’t have the cash needed to buy a house, are actually not as big of a hindrance as you might think. At the very least there are options for you if you are in this situation, there are even programs to help with closing costs, and someone like Jason can work with you to come up with a strategy to get you into that home of your dreams. 

 

This is a super fun conversation, and it’s absolutely packed full of information, so let’s dive in!