YFP 230: 5 Steps to Get Ready for a Home Purchase
Your Financial Pharmacist
English - November 18, 2021 10:00 - 39 minutes - 45.6 MB - ★★★★★ - 162 ratingsInvesting Business pharmacy retirement debt finance pharmacist Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Tony Umholtz talks through five steps for getting ready for a home purchase.
Key Points From This Episode
Why now is a good time to buy a home. Where you can find out the average interest rates in the home loan industry. Tony explains what discount points are and why you need to understand them. The importance of reading the fine print. Know your budget! How lenders determine how much they are going to lend. What the 28/36 rule is. Tony runs through the pros and cons of a 20% down payment. How savvy investors look at returns. Comparing pre-approval and pre-qualification. The value of a credit report. How lenders work out your credit score, and why this differs from what you will see if you use a monitoring service. Examples of the different types of lenders that exist. Information that you will need to provide to the lender you choose once you have a property under contract.Links Mentioned in Today’s Episode
Learn More About IBERIABANK/First Horizon’s Pharmacist Home Loan and Start the Pre-Approval Process YFP Planning: Financial Planning for Pharmacists 5 Steps to Getting a Home Loan YFP 216: Common Credit Blunders to Avoid When Buying a Home Freddie Mac Fannie Mae Your Financial Pharmacist Disclaimer and Disclosures