👉Subscribe to my Channel “Texas Mortgage Boss Podcast”: https://www.youtube.com/channel/UCkKb...

Make sure to hit the BELL icon to be notified of new videos! 🔔 

▼ Follow Me on Social▼

Facebook ▻ https://www.facebook.com/jamesjaymort...

Instagram ▻ https://www.instagram.com/jamesjaymor...

LinkedIn ▻ https://www.linkedin.com/in/james-jay...

Learn more at (Website) ▻ https://texasmortgageboss.com/

Today's Facebook live topic is all about the homebuyer mindset.  We discuss the right mindset that you need to have as a homebuyer in this crazy and ever-changing market. Whether you are a first-time homebuyer or a seasoned veteran there are things you need to consider before making the biggest purchase of your life.

Facebook ▻ https://www.facebook.com/jamesjaymort...

Instagram ▻ https://www.instagram.com/jamesjaymor...

LinkedIn ▻ https://www.linkedin.com/in/james-jay...

This is another important and often confusing topic for first-time buyers. Both the APR and the interest rate are ways for consumers to comparison shop as well as determine the affordability of the loan. Let's discuss this a little further and make sure we have a complete understanding of how one compares to the other. They are not the same thing!

While homeowners insurance covers you if something goes wrong with your home, mortgage insurance protects the lender if you're unable to pay your mortgage but these two things are often confused so let's discuss it! 

► Please subscribe to my Channel “Texas Mortgage Boss Podcast”: https://www.youtube.com/channel/UCkKb... 

Follow Me on Social:

Facebook ▻ https://www.facebook.com/jamesjaymort...

Instagram ▻ https://www.instagram.com/jamesjaymor...

LinkedIn ▻ https://www.linkedin.com/in/james-jay...

When you buy a new house, it might not take long to negotiate and agree on a purchase price, but there's a lot more that needs to happen in the homebuying process before the property legally becomes yours. That doesn't happen until closing -- the date when you sign all of the paperwork and officially become the owner of the home. Today we discuss the timeframe you should expect when closing on a house, the steps that need to happen before you can go from being a prospective home buyer to an official owner, and some ways to set yourself up for success when closing.

Make sure to hit the BELL icon to be notified of new videos! 🔔 

 ▼ Follow Me on Social▼

Facebook ▻ https://www.facebook.com/jamesjaymort...

Instagram ▻ https://www.instagram.com/jamesjaymor...

LinkedIn ▻ https://www.linkedin.com/in/james-jay...

Learn more at (Website) ▻ https://texasmortgageboss.com/

Home inspections and appraisals are key steps in the home-buying process.  Both give you a better understanding of a home’s condition and value before you follow through with what likely will be one of the biggest investments in your life.  Home inspections and appraisals look at two different aspects of a property, with both giving prospective buyers a clearer picture of a home than is typically visible when you first see a home. The appraisal will probably be required, the inspection not so much, but you’d be doing yourself a disservice by not having one done. Today we will discuss the difference between the two.

After saving for a down payment, house hunting and applying for a mortgage, closing costs can come as an unpleasant surprise. Understanding what closing costs cover and budgeting for them will smooth out the final stretch of the home-buying process. Closing costs include the myriad fees for the services and expenses required to finalize a mortgage. You’ll have to pay closing costs whether you buy a home or refinance. This may be the one thing that holds people back so let's discuss this!

▼ Follow Me on Social▼

 Facebook ▻ https://www.facebook.com/jamesjaymort...

Instagram ▻ https://www.instagram.com/jamesjaymor...

LinkedIn ▻ https://www.linkedin.com/in/james-jay... 

Learn more at (Website) ▻ https://texasmortgageboss.com/ 

#closingcosts #howmuchareclosingcosts #downpayment #downpaymentstrategies #whatareclosingcosts #firsttimehomebuyer #firsttimebuyer #homeownership #homebuyereducation #realestate #texas #texasrealestate #jamesjaymortgage

Down payments are one of the biggest hurdles to purchasing a home. Fortunately, if you haven't saved enough of your own funds for a home purchase, many lenders allow borrowers to purchase a home with gift funds which can also be used towards closing costs. But there is a right and wrong way to do this so let's talk about it.

Your credit score plays a major role in your ability to secure a mortgage loan. Not only does it impact your initial qualification for a loan, but it also influences your interest rate, down payment requirements, and other terms of your mortgage.

The number one thing that prevents people from pursuing homeownership is the down payment. There are a lot of myths around how much down payment is required and we will address that and dispel some of the myths out there.