Hi javier I just bought a brand new home in victorville now after a year and a half my wife wants to move to Arizona my question is it a good move or idea to move and get a new home out there .the houses that are new are selling for 50 to 60 thousand dollars cheaper then our home we are sitting on about 50 grand in equity. What do u think. Thanks
I just found your page and after watching so many videos on youtube related to purchasing a home, i am so glad i finally came across someone who does not come off as a know it all, shove it down your throat, purchase from me me me guy. Lol You are so knowledge and seem real honest, hope this chanel brings your business much success. Anyways...lol you think you can do a video on purchasing a foreclosure? Im not sure if you have any advice and most likely our first purchase would not be a foreclosure because of the area we are considering but its always good to know there are othet options. Keep up the great work. Definitely subbed!
Thanks for the video. It helped me alot to understand what my lender was telling why I am off better with a Conventional loan. My score is at 750. I was trying to get an fha. She recommended I would save more in the long run.
In my state conventional loans have lower rates than FHA. Also maybe you forgot to mention the funding fee of FHA loans which is 1.75% of loan amount rolled into your loan making the FHA a way more expensive product. Overall a good video, thanks for the info
This was helpful! We were thinking FHA just because we are first timers but credit wise, conventional sounds a bit better considering we plan on staying in it long term (assuming no accidental kiddos)
Which one would help in case of a recession? My bro got his first home with FHA , and he said with Con/loan your mortgage payments will rise in a economy slow down?
I was told by the lender if I get the FHA loan and make a down payment of 10 percent then I’d only pay the PMI until 78 percent of the loan was paid off.
Binge watching your videos and they’re great! Thank you for being so thorough! 😃 As a first time home buyer, is it better to go ahead and go for a semi dream home if you can afford it or do a starter home first and sell after a few years? I want what I want now lol but also want to be sure we’re making the best financial decision.
Javier, Thank you for taking the time to put together this video, it was very informative. I am really glad I watched this. It really helped me decide which loan type to go for.
Hi Javier! Your videos have been a huge help to me! We're looking to buy a home in the next few years and your videos have answered A LOT of questions we've been having, so thank you! I wanted to ask your opinion on Fannie Mae's "HomeReady" loans. 3.0% down payment with the option to remove PMI... too good to be true?
Your videos are sooooo helpful! Thank you for all the information you put out there... An so easy to understand! Thisis probably all the basic information we needed to finally decide to buy a house! :) thanks so much!!
Great video. I’ve heard a lot of investors talk about using an FHA loan to purchase a 4 unit property. You live in 1 of the units for a year and have your tenants pay the mortgage. That would great if you can purchase such property and keep tenants in them. I live in Vegas and Rent is going up like crazy out here due to all the building the city is doing plus our 1st NFL team will be here this year. Vegas is a primed area for owning Real Estate.
Please help, I bought my current home that is 100% paid off owner to owner without a bank or fha loan. Can I apply for the first time home buyer program since I never applied for a fha loan before? Thank you
Thanks Javier. What can I do to take away some of the tarnish from my bid offers when offering on MFH with a 3.5% DP FHA loan? I'm in North NJ market. In order of seller preference this is what I understand the desirability of a bid to be, from most desirable to least: 100% all cash > 50% cash > 20% conventional > any other conventional > 5% cash > 3.5% FHA > VA & USDA. What can I do to move up in this desirability tier without putting down more than 3.5%? Want to retain as much in reserves as possible for any SHTF events, i.e. my padding. Any possibility of getting DP assistance for the ramainer 16.5% via some program to go up to the competitive 20% Convo? In an all-cash seller's market I feel hopelessly outcompeted! PS is that a music cover of the SNES game, DKC?
You listed it outm there is no way more money and better quicker loan sell for seller is more desirable. Sellers are only there for quick buck and most buck. They do not care to 'help' our vets getting va loans, or the working class citizens getting FHA... etc...
I have about a 750 credit score, but I still don't see why I'd ever want a conventional instead of an FHA, based on the info in this video. If FHA has much better rates, the fact that with a conventional I can avoid paying the PMI at some point down the road once my equity reaches 20% doesn't seem to be enough of a benefit to have to pay a higher interest rate right now, at the beginning, especially since down the road I can always refinance into a loan that avoids the PMI at that point, once my equity increases.
How much does credit history and usage come into play with getting approved for a conventional or FHA mortgage? I'm pursuing to be a first time home owner. No debt, never used credit till 7 months ago. I had one small debt I settled, got a secured card for 6 months, then was upgraded to a unsecured. Brought up my credit from 500 - 740 in 7 months but again I don't have much history. Will that be a problem getting a mortgage?
Love the content Javier. I’m 26 from miami. I’m trying to decide between the 2 loan options. I have about 80k saved up. My credit is ok not great. High 600s. Steady job but my problem is my income is not that much. About 35k a year. I was just worried I wouldn’t get approved for enough to get something I would like in my area. Because eventually I wanted to invest in income properties. My hope is to do both. For the first time home buyer for myself and the conventional for an income property maybe a little outside the city where the market isn’t as expensive. Would like to hear your thoughts. Thanks again and keep up the content, a lot of helpful information
Wow thank you. For information. God bless you. I need this information in Spanish.because a lot of people don't understand and PMI is a tremendous charge. We need be educated in this kind of information...my loan officer never Said PMI Will be for long time. I was thinking it will be for few years... OMG
Just a general opinion with my conventional loan. Is it recommended to put $15k for closing & downpaytment for my $165,000 home loan? Thanks for the vids
Lacks Experience, Just to point one thing out...rent amount could be considered the equivalent of paying the monthly interest rate on a monthly payment and not having to pay water, trash and taxes. Therefore renting is not in most cases worst than buying. Wait it out, build your credit, come out with a good down payment maybe 15% on conventional, know what you want, get prequalified, save for inspections, use inspections to balance and find a better price and negotiate closing costs.
Hi! I've been following you for about 10 months. I was supposed to have an appt on a Sunday! That surprised me that you dont close on the weekends. Anyway I chose to keep renting until I felt more prepared to buy. Do you have a lender that you prefer?
Great content! New sub. I just closed escrow. But was misinformed. About fha and conventional. Went with fha. Thinking that insurance would eventually drop... Can I still change my loan? Or do I have to wait to refinance later down the line now?. Thanks X
an a modular home dealer screw loan if loan goes through if modular home dealer trying back out? especially if loan goes through can this cause trouble with if home modular dealer is trying jump prices before closing ? in ohio my parents got home dealer trying jack price after loan was okayed though before closing is done can this do something?
I do think it's better than renting. Most people try to claim it isn't, but as a renter now trying to buy my first home, I feel I get very little from renting. Unfortunately I've probably already made every mistake you've listed in some of your videos, but I'm going to let it play out.
Lets say i got fha at 4.9% can I pay some good chunks on the principal? Will that drop the payment every month? My payment would be 2700 which is alot. I was told in about 6 months we can see if we can get the MI off.
If you are only going to live in a house for 3-5 years I have found its cheaper to rent not buy. The amount you pay in interest, insurance, property tax, maintenance cost and fees when buying and selling a home are way more than monthly rent. Also, there is no guarantee that you can sell the house when you move.
Matt less than 5 years you are better off to rent. In some markets a lot of appreciation in the home can happen even in a year. But the risk often isn’t worth it.
Hello thanks for the amazing videos we just bought a house went withfha and have pmi now my question is if I would be able to remove it we didn’t put the 20% down I regret it after learning more about the pmi
Hi thanks for the videos. We are first time home buyers looking in Riverside, California. Your video was very clear and informative. My question, what happens when you are outside the conventional loan limits we are looking in an area where the limit for single family home is $484,350 the house we are looking at at 600,000 tops. Can you explain the type of loan I believe it’s called a confirming loan or Jumbo loan. Thanks in advance a DM would suffice or video would be great.
Great! 😀 I can’t wait to watch all your videos but now in Spanish! 👍 Donde puedo contactarme contigo? Tengo muchísimas preguntas....Quisiera comprar mi primera casa para el 2020. Gracias por contestar a mi mensaje en tan poco tiempo.
Good video! One thing I can't seem to find a clear answer from anywhere does taking a conventional loan disqualifies me from getting a FHA down the road? Cause I am not first time buyer anymore or is it first time only in FHA term?
3 weeks of putting good offers with FHA, 12 out of 12 offers declined. Told my lender I wanted to put down 8% conventional, and our offer was accepted on the first try 😬
Can someone please answer this question? Please. I'm purchasing a house within the 150-175k price range. How much money total should i have in the bank before even looking for a home? I have no debt but only have 30k total in the bank. I'm looking to do the fha route and 6k down payment. I'm guessing 10-12k total leaving me with roughly 20k left over. Is this enough?
Javier Vidana so there's no general rule to go by? For instance, after all the inspections, closing costs, and down payment, you should have a minimum of 10% left of savings? Just curious
Hey thanks for the advice, Question: I’m at 700 credit score, monthly income is 8k, car loan is $400, and student loan $100. Should I get a 280k house, with FHA or Conventional. I only have 5k saved up.
I am in the same situation as you 700 score my income is a little less but i have close to 10k saved up and i want to stay under 300k for a house just wondering which loan you selected to use..
@@username-kn3oh I'm still scratching my head. If i made 8k a month , with only a $400 car payment and $100 student loan payment, i could probably save half of my income every month. And i have 3 kids. Haha
I think a day ago with the Feds made it 0% interest rate, so would that mean Government helps you pay the downpayment and now you have no interest to pay back? Thanks
Javier Vidana well, looks like I need to turn on that bell notification. Thank you so much for this nerve wrecking yet exciting journey! You and your wife are the wonderful teachers.
Thank you I like all yr videos and helped me to understand alot of things that I never would know .. thank you .. I'm in NM and planning to move to Jacksonville FL .. wish if you're a real estate overthere .. I'd love to do business with you . Hat off sir
IM IN PHX ARIZONA AND LOOKING FOR A HOME! Oh my gosh!!! I added you on Instagram.. I’m in the process of getting prequalified and all these lenders and realtors are trying to jip me sos
Lu Lu I’d assume that it depends on your credit score. I recently saw a video where someone purchased a home with a conventional loan and only paid 5% down on a $400k home. But going off what I’ve seen a lot you’d pay ~20% down so like $77,800
Updated video for 2020: th-cam.com/video/2r3PLbaUMD8/w-d-xo.html
Hi javier I just bought a brand new home in victorville now after a year and a half my wife wants to move to Arizona my question is it a good move or idea to move and get a new home out there .the houses that are new are selling for 50 to 60 thousand dollars cheaper then our home we are sitting on about 50 grand in equity. What do u think. Thanks
It’s a great thing you are doing, sharing knowledge w less informed, disadvantaged individuals, giving them hope of home-ownership!
I just found your page and after watching so many videos on youtube related to purchasing a home, i am so glad i finally came across someone who does not come off as a know it all, shove it down your throat, purchase from me me me guy. Lol You are so knowledge and seem real honest, hope this chanel brings your business much success. Anyways...lol you think you can do a video on purchasing a foreclosure? Im not sure if you have any advice and most likely our first purchase would not be a foreclosure because of the area we are considering but its always good to know there are othet options. Keep up the great work. Definitely subbed!
You just made my day, thank you so much.
I am so thankful to expeditetools,com for the help .They sent me a transfer of $33,000 yesterday .
Omg I learned more watching your videos then all the home buyer seminars you are informative and concise thank you so much keep them coming
Ikr because I had no idea
Thank you for making these videos. I'm a first time home buyer and find all your information very helpful.
Thanks for the video. It helped me alot to understand what my lender was telling why I am off better with a Conventional loan. My score is at 750.
I was trying to get an fha. She recommended I would save more in the long run.
Bruh, he played Donkey Kong at the end, mad cool!
And great tips and comparisons! Learned a lot
In my state conventional loans have lower rates than FHA. Also maybe you forgot to mention the funding fee of FHA loans which is 1.75% of loan amount rolled into your loan making the FHA a way more expensive product. Overall a good video, thanks for the info
This was helpful! We were thinking FHA just because we are first timers but credit wise, conventional sounds a bit better considering we plan on staying in it long term (assuming no accidental kiddos)
Which one would help in case of a recession? My bro got his first home with FHA , and he said with Con/loan your mortgage payments will rise in a economy slow down?
I was told by the lender if I get the FHA loan and make a down payment of 10 percent then I’d only pay the PMI until 78 percent of the loan was paid off.
Binge watching your videos and they’re great! Thank you for being so thorough! 😃
As a first time home buyer, is it better to go ahead and go for a semi dream home if you can afford it or do a starter home first and sell after a few years? I want what I want now lol but also want to be sure we’re making the best financial decision.
Javier, Thank you for taking the time to put together this video, it was very informative. I am really glad I watched this. It really helped me decide which loan type to go for.
I couldn't stop watching your video my friend, great work. Thank you
Im soooo thankful for these videos!!!
Hi Javier!
Your videos have been a huge help to me! We're looking to buy a home in the next few years and your videos have answered A LOT of questions we've been having, so thank you! I wanted to ask your opinion on Fannie Mae's "HomeReady" loans. 3.0% down payment with the option to remove PMI... too good to be true?
Javier,
I appreciate you and your videos! Glad I was able to come across your channel and the knowledge that you provide. Keep up the good work!
So if you put 20% down, you technically don’t need to pay homeowners insurance cuz you met the 80-20. If so that’s cool.
Your videos are sooooo helpful! Thank you for all the information you put out there...
An so easy to understand! Thisis probably all the basic information we needed to finally decide to buy a house! :) thanks so much!!
Can you do the USDA rural development - NO MONEY DOWN video thanks in advance
Great video. I’ve heard a lot of investors talk about using an FHA loan to purchase a 4 unit property. You live in 1 of the units for a year and have your tenants pay the mortgage. That would great if you can purchase such property and keep tenants in them. I live in Vegas and Rent is going up like crazy out here due to all the building the city is doing plus our 1st NFL team will be here this year. Vegas is a primed area for owning Real Estate.
Thanks for the video, man! Very helpful!
Great video bud, new home buyer here and this was very informative. Thank you!!
Dude, is that a Donkey Kong Country song playing in the end? How cool!
I’m in Phoenix, Arizona as well. I am really hoping to buy a condo. But I’m so confused . I don’t even know where to begin.
Please help, I bought my current home that is 100% paid off owner to owner without a bank or fha loan. Can I apply for the first time home buyer program since I never applied for a fha loan before? Thank you
Thanks Javier.
What can I do to take away some of the tarnish from my bid offers when offering on MFH with a 3.5% DP FHA loan? I'm in North NJ market.
In order of seller preference this is what I understand the desirability of a bid to be, from most desirable to least:
100% all cash > 50% cash > 20% conventional > any other conventional > 5% cash > 3.5% FHA > VA & USDA.
What can I do to move up in this desirability tier without putting down more than 3.5%?
Want to retain as much in reserves as possible for any SHTF events, i.e. my padding.
Any possibility of getting DP assistance for the ramainer 16.5% via some program to go up to the competitive 20% Convo?
In an all-cash seller's market I feel hopelessly outcompeted!
PS is that a music cover of the SNES game, DKC?
You listed it outm there is no way more money and better quicker loan sell for seller is more desirable. Sellers are only there for quick buck and most buck. They do not care to 'help' our vets getting va loans, or the working class citizens getting FHA... etc...
I have about a 750 credit score, but I still don't see why I'd ever want a conventional instead of an FHA, based on the info in this video. If FHA has much better rates, the fact that with a conventional I can avoid paying the PMI at some point down the road once my equity reaches 20% doesn't seem to be enough of a benefit to have to pay a higher interest rate right now, at the beginning, especially since down the road I can always refinance into a loan that avoids the PMI at that point, once my equity increases.
How much does credit history and usage come into play with getting approved for a conventional or FHA mortgage?
I'm pursuing to be a first time home owner. No debt, never used credit till 7 months ago. I had one small debt I settled, got a secured card for 6 months, then was upgraded to a unsecured. Brought up my credit from 500 - 740 in 7 months but again I don't have much history. Will that be a problem getting a mortgage?
Love the content Javier. I’m 26 from miami. I’m trying to decide between the 2 loan options. I have about 80k saved up. My credit is ok not great. High 600s. Steady job but my problem is my income is not that much. About 35k a year. I was just worried I wouldn’t get approved for enough to get something I would like in my area. Because eventually I wanted to invest in income properties. My hope is to do both. For the first time home buyer for myself and the conventional for an income property maybe a little outside the city where the market isn’t as expensive. Would like to hear your thoughts. Thanks again and keep up the content, a lot of helpful information
Would you recommend getting fha than refinancing to a conventional
Do you recommend a 30 year fix loan with FHA at a 3.125 interest rate for a first time home buyer
Thank you very much for your videos. I’m in Dallas looking to buy a home and your videos are helping me be better informed.
Your so very helpful and i need it at this time and am very thankful!
Wow thank you. For information. God bless you. I need this information in Spanish.because a lot of people don't understand and PMI is a tremendous charge. We need be educated in this kind of information...my loan officer never Said PMI Will be for long time. I was thinking it will be for few years... OMG
Just a general opinion with my conventional loan. Is it recommended to put $15k for closing & downpaytment for my $165,000 home loan? Thanks for the vids
why couldn't u be in ny/nj area
We do loans in ny/nj from here.
What about indiana?
Expeditetools com are amazing .THey got a transfer of $33,000 directly to my bank account .
Lacks Experience, Just to point one thing out...rent amount could be considered the equivalent of paying the monthly interest rate on a monthly payment and not having to pay water, trash and taxes. Therefore renting is not in most cases worst than buying. Wait it out, build your credit, come out with a good down payment maybe 15% on conventional, know what you want, get prequalified, save for inspections, use inspections to balance and find a better price and negotiate closing costs.
You broke this down so well
Hi! I've been following you for about 10 months. I was supposed to have an appt on a Sunday! That surprised me that you dont close on the weekends. Anyway I chose to keep renting until I felt more prepared to buy. Do you have a lender that you prefer?
Which would be better for renting houses or apartments to gain profits ? Conventional or FHA ?
Great content! New sub.
I just closed escrow. But was misinformed. About fha and conventional. Went with fha. Thinking that insurance would eventually drop... Can I still change my loan? Or do I have to wait to refinance later down the line now?. Thanks X
No. You need mortgage ins for the life of the FHA loan. But you can refinance to a conventional loan later
an a modular home dealer screw loan if loan goes through if modular home dealer trying back out? especially if loan goes through can this cause trouble with if home modular dealer is trying jump prices before closing ?
in ohio my parents got home dealer trying jack price after loan was okayed though before closing is done can this do something?
I do think it's better than renting. Most people try to claim it isn't, but as a renter now trying to buy my first home, I feel I get very little from renting. Unfortunately I've probably already made every mistake you've listed in some of your videos, but I'm going to let it play out.
Lets say i got fha at 4.9% can I pay some good chunks on the principal? Will that drop the payment every month? My payment would be 2700 which is alot. I was told in about 6 months we can see if we can get the MI off.
No MI is for the entire duration of the loan. You must refinance with a conventional loan
2700 please do not buy. You are going to be house poor. Too much house for you.
Just wait for a bib down payment
Hi Javier, on a fha loan it's 3.5% on a downpayment for first time buyers. Is the closing cost included on the 3.5 % downpayment ?
No it’s not! It’s separate.
Hey Javier! Keep making the great content. I am in the processes of buying my first home and your videos are very informative. Keep it up!
Thanks man!
Donkey kong country outro.. awesome!
Right?! I was hoping someone else noticed! 😁❤
If you are only going to live in a house for 3-5 years I have found its cheaper to rent not buy. The amount you pay in interest, insurance, property tax, maintenance cost and fees when buying and selling a home are way more than monthly rent. Also, there is no guarantee that you can sell the house when you move.
Matt less than 5 years you are better off to rent. In some markets a lot of appreciation in the home can happen even in a year. But the risk often isn’t worth it.
Donkey Kong country music at the end love it. Very informative video by the way
Is there another you in Los Angeles?? Thanks for the video!!
How about putting 20% down and getting FHA loan? Will that be better than getting a conventional loan due to lower FHA interest rate?
Thanks man your videos are very helpful.
Hello! Are u saying that people with an FHA loan can get the PMI removed?
Maybe if we look for a house in Sedona, AZ in the future we will look to work with you.Just hope the interest stays super low in a couple years.
thank you, how about the paystub ? how much do you need to show like 2 or 3x of the cost of the monthly payment?
good video brotha :D Appreciate you
Thanks for the video. You couldn't have put it any simpler for me at least. 🙏👑💪👊
I so glad I found you
Awesome Video, covered all first time buyers need to know.
Thank you again
When u refinance out out of Fha to conventional do you have to pay 4-5k Closing Cost again?
Very good videos: very easy to understand and it’s simple ! Thank you!
Great video Javier. Great info. I just subscribed and liked your video!
Does this apply for first time buyers but for a condo?
Nothing changes with a condo? Except some condos don’t accept FHA and they have a higher HOA usually
@@JavyVidana ok thanks man i appreciate all your videos, very informative and helpful!
Hello thanks for the amazing videos we just bought a house went withfha and have pmi now my question is if I would be able to remove it we didn’t put the 20% down I regret it after learning more about the pmi
Glamourlashing once you get your loan paid down to 80%. You can remove PMI. Reach out to me if you have more questions
Hi thanks for the videos. We are first time home buyers looking in Riverside, California. Your video was very clear and informative. My question, what happens when you are outside the conventional loan limits we are looking in an area where the limit for single family home is $484,350 the house we are looking at at 600,000 tops. Can you explain the type of loan I believe it’s called a confirming loan or Jumbo loan. Thanks in advance a DM would suffice or video would be great.
Working on this!
Hey Javier! Very helpful videos but do you have this kind of videos in Spanish so I can understand better?
Do you speak Spanish?
Blanca! My mother only spoke spanish growing up so I am fluent! I have considered making videos in spanish, maybe in a few months!
Great! 😀 I can’t wait to watch all your videos but now in Spanish! 👍
Donde puedo contactarme contigo? Tengo muchísimas preguntas....Quisiera comprar mi primera casa para el 2020.
Gracias por contestar a mi mensaje en tan poco tiempo.
I've heard many sellers don't accept FHA loans. Is that true?
Good video! One thing I can't seem to find a clear answer from anywhere does taking a conventional loan disqualifies me from getting a FHA down the road? Cause I am not first time buyer anymore or is it first time only in FHA term?
I heard on biggerpockets that you can keep getting fha loans but you can only have one open at a time
3 weeks of putting good offers with FHA, 12 out of 12 offers declined. Told my lender I wanted to put down 8% conventional, and our offer was accepted on the first try 😬
so can we just tell them its conventional but still use fha? because um no listings that are good will take fha its disgusting!
@@agood1 CV i didn’t use fha, I got the lender to change the type of loan when offering
Excellent explanation, thank u so much
This was very informative thanks for your help amigo
Awesome video!!
Heyyy!!! Another person from Phoenix (hi five)!
How was easy to change from fha to conventional after 1 year?
Great video. Love the donkey Kong music in the end.
Can someone please answer this question? Please. I'm purchasing a house within the 150-175k price range. How much money total should i have in the bank before even looking for a home? I have no debt but only have 30k total in the bank. I'm looking to do the fha route and 6k down payment. I'm guessing 10-12k total leaving me with roughly 20k left over. Is this enough?
Josh H you have enough to cover the funds of the purchase. Whether you think you have enough for savings is up to you and your opinions.
Javier Vidana so there's no general rule to go by? For instance, after all the inspections, closing costs, and down payment, you should have a minimum of 10% left of savings? Just curious
Can we haggle mortgage rate with banks?
Great job I learn so much
Good info, but the background music is Extremely distracting.
Awesome donkey Kong country song at the end
Hey thanks for the advice,
Question: I’m at 700 credit score, monthly income is 8k, car loan is $400, and student loan $100. Should I get a 280k house, with FHA or Conventional. I only have 5k saved up.
Stay out of FHA so you dont pay PMI forever with a score like 700
I am in the same situation as you 700 score my income is a little less but i have close to 10k saved up and i want to stay under 300k for a house just wondering which loan you selected to use..
Can't believe you only have 5k saved up making "8k" a month. I'd say keep saving.
@@westcoasthustle6133 makes 8k a month with only a cheap car and school payment and only 5k saved up? Lmao
@@username-kn3oh I'm still scratching my head. If i made 8k a month , with only a $400 car payment and $100 student loan payment, i could probably save half of my income every month. And i have 3 kids. Haha
I think a day ago with the Feds made it 0% interest rate, so would that mean Government helps you pay the downpayment and now you have no interest to pay back? Thanks
Literally just posted a video about this last night.
Javier Vidana well, looks like I need to turn on that bell notification. Thank you so much for this nerve wrecking yet exciting journey! You and your wife are the wonderful teachers.
😁 thank you!
Hey what’s a usda loan and how do it work
Thanks for sharing! Great Video
You should talk about a construction loan
Very helpful, thank you
So if u refinance the pmi can go away?
Do you have any videos on FHA 203K rehab loan?
Good explanation , thanks
My credit score is over 700 and agent want me to pay 20% is that right I am also first buyer home
That's BS. Tell them u only want to pay 3.5%. They want close deal faster
Thank you I like all yr videos and helped me to understand alot of things that I never would know .. thank you ..
I'm in NM and planning to move to Jacksonville FL .. wish if you're a real estate overthere .. I'd love to do business with you .
Hat off sir
Sorry not in either of those states! But thanks for watching!
@@JavyVidana I enjoy your channel thank you for all you hard work and information.. you're the best believe me . Thank you sir
IM IN PHX ARIZONA AND LOOKING FOR A HOME! Oh my gosh!!! I added you on Instagram.. I’m in the process of getting prequalified and all these lenders and realtors are trying to jip me sos
Thanks Javier!
so you dont pay mortgage insurance if you get a conventional loan?
Johnny Ayala yes you would if you put down less than 20%. You can also pay PMI as a lump some upfront and wrap it into the mortgage
whats are you talking about 80/20 value??
Is there any problem with consulting with multiple lenders even while on contract?
I wouldnt wait until your UC, do it before. But yeah theres no issue with that.
Hi Javier, so if you go conventional on a $ 389,000 how much percentage do you have to pay for a downpayment.?
Lu Lu I’d assume that it depends on your credit score. I recently saw a video where someone purchased a home with a conventional loan and only paid 5% down on a $400k home. But going off what I’ve seen a lot you’d pay ~20% down so like $77,800
Great info 👍
Thank you 🙏🏼