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Mortgage 101: Unlocking the Basics of Home Financing
Did you know that over 60% of homebuyers don’t understand the difference between fixed and adjustable-rate mortgages? In this episode of BRICK by BRICK: Building Homeownership, Suzi Beaver, your energetic branch manager at Castle & Cooke Mortgage in Marshville, NC, breaks down the essentials of mortgages with passion and care!
- Join Suzi as she guides first-time buyers through a relatable journey from college graduation to homeownership.
- Learn what a mortgage is: an agreement where a lender can take the property if you don’t repay the borrowed money plus interest.
- Explore key terms like PITI, HOA fees, and mortgage insurance.
- Discover the differences between:
- Fixed-rate mortgages
- Adjustable-rate mortgages
- Government-backed loans
- Conventional loans
- Non-QM loans
- Get the insider scoop on the mortgage application process:
- Pre-approval: a sneak peek at how much you can borrow, showing sellers you’re serious.
- Documents needed: proof of income, employment, and assets (pay stubs, tax returns, bank statements).
- Credit score: your financial report card—higher scores mean better rates (hint: future episode covers improving it!).
- Suzi shares expert tips for first-time buyers:
- Get pre-approved with a lender before a realtor.
- Treat your first home as a starter home, not your forever home.
- With 30+ years of mortgage experience, Suzi emphasizes choosing a lender who listens to your unique story, because everyone has the right to own a home!
Tune in, like, and subscribe for weekly empowering content to build your homeownership journey, brick by brick!
Blessings!
Suz
CHECK OUT THESE FREE RESOURCES!
Ready to check your credit for FREE? >> CLICK HERE! ((As of 7/27/25, these reports may be checked WEEKLY, not annually! Take advantage!))
Ready to apply and create your game plan? >> CLICK HERE!
Already a homeowner? >> CLICK HERE for a FREE home valuation tool with monthly investment insights. 1x/month - NO SPAM here!
Looking for a home? >> CLICK HERE for a FREE home search tool! Yes, it's better than Zillow. By 1000.
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By Suzi BeaverDid you know that over 60% of homebuyers don’t understand the difference between fixed and adjustable-rate mortgages? In this episode of BRICK by BRICK: Building Homeownership, Suzi Beaver, your energetic branch manager at Castle & Cooke Mortgage in Marshville, NC, breaks down the essentials of mortgages with passion and care!
- Join Suzi as she guides first-time buyers through a relatable journey from college graduation to homeownership.
- Learn what a mortgage is: an agreement where a lender can take the property if you don’t repay the borrowed money plus interest.
- Explore key terms like PITI, HOA fees, and mortgage insurance.
- Discover the differences between:
- Fixed-rate mortgages
- Adjustable-rate mortgages
- Government-backed loans
- Conventional loans
- Non-QM loans
- Get the insider scoop on the mortgage application process:
- Pre-approval: a sneak peek at how much you can borrow, showing sellers you’re serious.
- Documents needed: proof of income, employment, and assets (pay stubs, tax returns, bank statements).
- Credit score: your financial report card—higher scores mean better rates (hint: future episode covers improving it!).
- Suzi shares expert tips for first-time buyers:
- Get pre-approved with a lender before a realtor.
- Treat your first home as a starter home, not your forever home.
- With 30+ years of mortgage experience, Suzi emphasizes choosing a lender who listens to your unique story, because everyone has the right to own a home!
Tune in, like, and subscribe for weekly empowering content to build your homeownership journey, brick by brick!
Blessings!
Suz
CHECK OUT THESE FREE RESOURCES!
Ready to check your credit for FREE? >> CLICK HERE! ((As of 7/27/25, these reports may be checked WEEKLY, not annually! Take advantage!))
Ready to apply and create your game plan? >> CLICK HERE!
Already a homeowner? >> CLICK HERE for a FREE home valuation tool with monthly investment insights. 1x/month - NO SPAM here!
Looking for a home? >> CLICK HERE for a FREE home search tool! Yes, it's better than Zillow. By 1000.