Mortgage Secrets With John Downs artwork

Mortgage Secrets With John Downs

12 episodes - English - Latest episode: 7 months ago - ★★★★★ - 42 ratings

Get the right mortgage so you can build wealth and financial security, whether you’re buying your first home or are an experienced investor. Unlock the secrets and tips you must know to get the best rate and the perfect loan from mortgage expert John Downs from Vellum Mortgage.

Investing Business Education finance firsttimehomebuyer mortgage realestate
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Episodes

Risk Management in Writing Real Estate Contracts

September 20, 2023 21:13 - 29 minutes - 54.8 MB

In highly competitive real estate markets, it's not uncommon to hear Realtors advocating for a strategy that involves offering the highest price, waiving contingencies, and closing the deal faster than other buyers. But is this approach suitable for everyone, or even advisable? In this episode, we'll uncover the strategies and techniques you can employ to effectively manage your personal risk when considering the option of waiving contingencies or shortening timelines.

Winning a Bidding War

September 11, 2019 21:00 - 27 minutes - 25.9 MB

Many areas around the country are experiencing an inventory crisis where there are simply not as many houses for sale as there are buyers. As a result, it is not uncommon to see 5-10 people bidding on the same house. In this episode of Mortgage Secrets, John will give you a unique perspective on what it takes to write a winning contract. You’ll realize, it can be about much more than the price!

All About Closing Costs

December 05, 2017 17:00 - 17 minutes - 15.9 MB

You don’t want to find yourself blindsided by more fees than you bargained for when you sit down to close the deal. In this episode of Mortgage Secrets, John Downs of Downs Capital talks all about closing costs. What are they? What kinds are there? How much does it vary? From insurance options to title company costs, John breaks down the nitty-gritty of the different fees associated with closing, and he explains what why your estimate might change if your loan officer isn’t paying attention ...

All About Mortgage Rates

November 28, 2017 17:00 - 14 minutes - 13.7 MB

Mortgage rates can be pretty confusing, particularly if you’re a first-time home buyer being overwhelmed with “lowest rates available.” It doesn’t seem to help that many lenders use misleading marketing tactics! Do you wonder how loan officers even come up with those numbers that make up your mortgage quote? In this episode of Mortgage Secrets, John Downs of Downs Capital breaks down what all goes into a mortgage loan rate, why the best available rate on a given day may not be as significant...

How To Shop For A Mortgage

November 21, 2017 17:00 - 12 minutes - 11.8 MB

While you might think that the mortgage rate is the most important aspect of your loan shopping experience, there are several things to consider before jumping for the cheapest available. In this episode of Mortgage Secrets, John Downs of Downs Capital shares stories from his 17 years of experience in the mortgage lending industry to illustrate how numbers shouldn’t be the only deciding factor in your loan decision. Signing up for a mortgage is a hefty commitment that goes beyond a monthly p...

Building Wealth Through Home Ownership

November 14, 2017 17:00 - 18 minutes - 17.4 MB

What if we said that everything you’ve been told lately about how “buying a house is not an investment” wasn’t true? In this episode of Mortgage Secrets, John Downs of Downs Capital shares three real-life examples of ordinary people building wealth through real estate—and it all started with doing the numbers, taking a leap of faith, and buying that first property. By taking that first step, you’re on the path to building equity over time, which you can use to expand your personal empire. Wh...

How To Build Wealth Through Home Ownership

November 14, 2017 17:00 - 18 minutes - 17.4 MB

What if we said that everything you’ve been told lately about how “buying a house is not an investment” wasn’t true? In this episode of Mortgage Secrets, John Downs of Downs Capital shares three real-life examples of ordinary people building wealth through real estate—and it all started with doing the numbers, taking a leap of faith, and buying that first property. By taking that first step, you’re on the path to building equity over time, which you can use to expand your personal empire. ...

Choosing The Perfect Property

November 07, 2017 17:00 - 22 minutes - 21 MB

There’s more that goes into choosing the right house than the perfect neighborhood and curb appeal. You might be ambitious enough to want to take on a fixer-upper as your first home. Before you jump to any quick decisions on buying (or not), take a look at your finances—and not just what you're making and spending today! In this episode of Mortgage Secrets, John dives into the world of mortgages and picking the right property, explaining what most people don’t know about construction loans...

How Much To Put Down On A New Home

October 11, 2017 16:00 - 22 minutes - 20.6 MB

One of the biggest conversations you will have about buying a home is around how much money you should or shouldn’t put down on your home loan. Putting a chunk of money down on a mortgage is a pretty impactful decision, of course. Once you sign the dotted line and hand over the check, the money you put down is no longer easy to access. If you’re thinking about buying a house, this episode of Mortgage Secrets will clear up some of that confusion. “Limiting factors” may seem a daunting phras...

What's In YOUR Payment?

October 10, 2017 16:00 - 21 minutes - 19.4 MB

We’ve all heard the word “mortgage,” but what’s really included in all of that? Why do homeowners find themselves surprised when their monthly bill ends up being way more than they bargained for? In Episode #2 of the Mortgage Secrets podcast, John Downs of Downs Capital breaks it all down for you, sharing nuggets from his 17 years of experience in the mortgage industry to keep you awake and aware throughout your home buying process. Before you find yourself completely blindsided with an in...

What's In YOUR Payment: The Costs of a Mortgage

October 10, 2017 16:00 - 21 minutes - 19.4 MB

We’ve all heard the word “mortgage,” but what’s really included in all of that? Why do homeowners find themselves surprised when their monthly bill ends up being way more than they bargained for? In Episode #2 of the Mortgage Secrets podcast, John Downs of Downs Capital breaks it all down for you, sharing nuggets from his 17 years of experience in the mortgage industry to keep you awake and aware throughout your home buying process. Before you find yourself completely blindsided with an in...

Six Mortgage Myths

October 09, 2017 10:30 - 21 minutes - 19.8 MB

Think you can't get a mortgage? Blow up the top six mortgage myths (from not having enough of a down payment to why your credit score is probably just fine the way it is) and learn why virtually everyone can get a mortgage to start building wealth right now.