วีดีโอ

Is a Fanny Mae loan a conventional loan ?

Definitely useful for out-of-towners but interesting for Marshfielders to see too!

So buyers have to pay a down payment/closing cost fees and the services of an agent? If so, does that mean the cost of the houses will be cheaper?

We paid double payments each month. Paid off the mortgage lickity split. Now 100% debt free at 55 with a net worth of $3m including a monthly pension. I would HIGHLY HIGHLY recommend only marrying if your significant other is on the same page as you as far as spending and debt. I just bought a new Tesla in February. Cash. Remove your debt and you’ll be astonished how fast you can accumulate wealth. This vid is excellent advice. Dave Ramsey is also 100% spot on. My teenagers are now aware of wealth building strategies which mostly boil down to debt (especially credit cards and student loans) is bad. They both have their schools 100% paid for from 529 plans I set up. They also went to state schools for the first 2 years to save about 80% over high brow schools. They can finish their last 2 years at any school they want now, paid for already meanwhile saving over $100k. Their diploma only has the high brow name on it so the first two years were simply knocking out the prerequisite classes at a huge savings. You can call me frugal but I prefer “financially aware”.

Your point(s) are valid, but remembering... The dollars you save are "future" dollars, so they will be worth less bling-bling. This stated, I refi'd in 2021 from being 5 yrs into a 15-yr mortgage at 3.125%. Picked up a 10-year at 1.875% (and that's without discount points). The payment is not cheap, but yeah. Talk about am'ing rapidly. This noted, re: extra $ here in 2024 ? Straight to my Schwab MMA. Seww..... At least for right now, earning 5.1%, or about 3.4% after-tax. Extra $ is going there......

Very good analysis. Completely agree, I cannot imagine why Marshfield voted down a plan that would basically neuter 3A and maintain home rule. In the past, the state has shown it's willingness to step in and take over local authority when towns and cities fail to comply (think - Chelsea Receivership, Boston desegregation). This is a clear political grandstand for the Healy administration and the intent of the DA is to "make an example" of any town not complying. Marshfield really blew it.

Excellent synopsis!

Realtors are legit thieves.

This is crazy, my last name is Power too and my family is from Mass. I sell solar and I do agree on some aspects of the PPA. You can get a lower escalator (sometimes no escalator) but didnt Massachusetts just raise their rates like 60%?

Dumb comments for a guy sniffing around for clients.

Also at 2:55 your outfit looks good.

Hell yeah

Good stuff as usual!

Im seeing this as someone whos always wanted to get into real estate. My very simplistic view of this lawsuit sees this as an opportunity to work for .5% commissions just to get my foot in the door and buy/sell some houses. Can i do that to get started now? Was that always the case? Real estate agents always reminded me of that quote from from George Carlin "its a big club & you ain't in it!"lol

What if your parents gave you the property for $1, they weren't deceased when they deeded it to you. How does this work? Is the basis based on the date of the deed?

Thank you so much for the information….it helped a lot! Had to start probate proceedings on Moms house, got a real estate lawyer helping….i just hope the whole probate process lasts long because my brother still lives there and I’d like him to continue for at least a year so he can find a place…not easy with the rentals being so high.

Great video. Thank you!

Would a monthly PMI ever lower? Example: You refinance to a lower interest rate but not hit that 20% just yet so the PMI is still there.

All of these problems can solved with large quantities of sand.

You are so cute. You have such a cute smile and dang I wish my teacher were this nice to look at. Anyway, thank you for make my this much easier to understand, ☺️

Hey Craig , really nice video ! I was wondering if I could help you with more Quality Editing in your videos and also make a highly engaging Thumbnail and also help you with the overall youtube strategy and growth ! Pls let me know what do you think ?

Good video

There is definitely an issue here in AZ and CA. I've actually been thinking about looking into office space to residential conversion myself.

Damn it, I reside in NJ and was thinking of going for my license. Should i? There won't be 10% commission anymore? Sorry I could not watch entire video.

Hi Craig. I think you should do the NFL Draft livestream. That would be interesting. GO COWBOYS!!

Yeah.... the seller was supposed to fix the sewer line root intrusion. They had it snaked (obviously not a fix). I re-did the camera scope. Complete line collapse. I couldn't trust a single thing they said they "fixed"!!! It was a disaster.

I am debating on getting my license now I’m in California any advice?

I had to fight with my agent about asking for repairs. I ended up having to draft the notice. The seller agreed to everything. I fired the agent. I guess I just have a different approach to life. If it doesn't do what I need, it is not for me. If people are buying houses and waiving inspections, left and right, good for them. I will never. I am just too damn conservative for that.

First LIKE!

Where I live it is very good to go with lease.

Karma sucks huh cant wait till ai puts realtors into early retirement. Realtors are the reason we are in this mess. Money over morals

Craig, I'm afraid everybody's heart is not in the right place, certainly not the bureaucrats' who are arm-twisting communities with litigation etc. Most people take this conversation on face value without understanding the bigger picture behind this law. Goals of #Agenda21 (short) th-cam.com/video/thRD6YVCoLQ/w-d-xo.html Rosa Koira on Agenda21 (detailed) th-cam.com/video/H-qLUQlmBk4/w-d-xo.html Megacities On The Move” (2011) - Agenda21 visions: Plannedopolis th-cam.com/video/WSvb_ZTYS6A/w-d-xo.html Sprawlville: th-cam.com/video/kqT2cQKgZaU/w-d-xo.html Renewabad: th-cam.com/video/sFdIzeiT2RY/w-d-xo.html Communicity: th-cam.com/video/34yooRLLWpY/w-d-xo.html

I don't know if it's possible for me to agree more. We have a similar way of thinking. I think these changes are an opportunity.

That is very nice. What if you put 100$ every month in stocks or funds? you would have similar financial results with more liquidity, right?

Be sure your extra payments are to the principal only. The mortgage companies will try to minimize this option on their apps or when you call to set up extra payments, so be careful.

I just inherited my parents dog house (my sister got the people house) does this apply to me

What if I realized the home was appraised 20% higher than the loan was originally? I bought my home for 250k, and our home was appraised for 317k at time of purchase. Can I use that appraisal to ask for a removal, or do I still need a re-appraisal?

We paid off a 25 year mortgage in 10 years by paying extra into it and reducing the capital, saved a fortune then put what we would have been the mortgage payments into pensions with tax relief, made a fortune…sitting pretty at 62.

Thank God I decided to search TH-cam! I was seriously contemplating putting an offer on a house with leased panels with a remaining 19 years left. Thanks for the info!

Great summary!!

Amazing🎉

If I have the equity, can I refinance early (such as after one year of ownership) with a different lender to get rid of PMI?

I paid off my mortgage 13 years early. Its not rocket science . Any moron can take any extra cash you have and pay towards the principal. I did not need a You tube video to tell me how.

I’m 3 years in on a 2.25% 15 year loan. I make an extra payment when possible to get ahead of payments. It’s comforting seeing my next payment isn’t due for 3 months. This is better than paying down principal and payment still due next month.

Prior to installing our solar system, I talked to a property appraiser, as mentioned in this article, the solar system adds about 50% of the system cost to your home value. We self-installed our solar panel in 2012 at a cost of about $11,000. A contractor cost would have been around $15,000. With our tax credits the cost was about $8,000 (almost half of the contractor price). So, I look at it this way, if I had $8,000 in a 5% CD I would receive $400/year. This year our solar savings was over $2,000 (we’re in California, increasing energy rates). Our system has paid for itself in about 6 years. Instead of money in the bank, it’s on our roof. And best of all a tax free return.

The buyers agents will just include a form asking for payment from the seller directly if their buyers iffer is accepted. Buyers wont pay out of pocket for an buyers agent. The thing is the really good buyers agent not only show the home but once on escrow they help the buyer perform along the long process. They do negotiate on the buyers behalf but then again the buyers agent benifit the seller because they bring them to a successful close. There are many times.. mist times my buyers want to offer something way too low and I use comparable sales to get the buyers offer up to make a win win. Ive explained it before that if ypu are going through a divorce and 1 lawyer is representing both parties then thatbwould be unwise. And technically the buyers mortgage actually funds the entire commissions and closing costs.

Ive heard of grants for first time home buyers that offer assistance for down payments, closing, furnishing,... but when i look for such programs all i find are separate loan programs. Are "grants" a myth?

Excellent points in a professional delivery of the "real" Real Estate market ! Very impressive and informative look at what the current market is all about. Should be on CNBC ! Thank you for sharing.

F’n Kevin..

I thought we were going to start getting the weekly surf report as well as the great real estate info.