Ashley sits down with her niece, third-grade teacher Kennedy Stone, for a straight-talk, first-time homebuyer Q&A. From where to start and which pros to trust, to rates, escrows, credit, and the sneaky mistakes that can tank a loan, this episode lays out a practical game plan for turning rent into a mortgage—without surprises.

Highlights:

• Why your first step is a free consult with a great loan officer—and how to pick one (reviews, product knowledge, communication).
• The many loan products (FHA, VA/USDA, conventional) and down-payment assistance options for low/no-money-down buyers.
• Current market snapshot: realistic starter-home prices and what rates mean for monthly payment.
• What an escrow account covers (taxes, homeowner’s insurance, mortgage insurance) and how it affects your total payment.
• True monthly cost of ownership beyond P&I: utilities, maintenance, yard care, repairs (hello, water heater).
• Credit score targets (700+ ideal; 750+ excellent) and practical ways to build/repair credit.
• Why first-time buyers should use a Realtor (negotiation, paperwork, pitfalls) and how commissions are handled.
• Fixed vs. adjustable mortgages—why fixed usually wins for new buyers.
• When and why to refinance, and choosing 30-year vs. 15/20-year terms (flexibility vs. interest).
• The golden rule during underwriting: don’t finance cars/furniture or open new credit—and always ask questions if you’re unsure.

Fahe Rise Up Program - Fahe

Future Homebuyers - Down Payment Assistance

How to Repair Your Credit in 11 Steps

A Guide to First-Time Home Buyer Loans and Programs - NerdWallet

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