Let’s say you've finally found your dream home. Hours of working with a realtor and countless house tours have finally paid off. You're already daydreaming about decorating your new living room when you realize it's time to dust off the suitcase containing stacks of un-marked, non-sequential hundred-dollar bills you keep in the trunk of your car for just these types of circumstances.
Wait, you don’t keep a cash-suitcase in the trunk of your car? And let me guess, you’re tired of the bank getting mad and charging overdraft fees when they catch you writing checks for several hundred thousand dollars, again, right?
Luckily your friends at the Loveland branch of PRMG have a solution. On this episode Brent and Jeremy take us on a deep dive into the often-confusing quagmire of home loan options. You’ll find out if your Dad is right about needing a 20% down-payment for a house, what information will be required from you to choose the best loan, and what kind of dinosaur a Rolodex is.