First Time Home Buyers Guide - Tips and Advice
ฝัง
- เผยแพร่เมื่อ 14 ธ.ค. 2015
- This video is essential for every first time home buyer and it's a great refresher even if you've purchased a home before.
From searching for a home to understanding the mortgage closing process this video will help you navigate the process like a boss!
Want more? Our New Home Buyers Guide Workbook & Course will walk you through all 9 steps of the home buying process. Get them at www.newhomebuyersguide.net
Here's an overview of everything in the video:
Intro - 0:01
What You'll Learn 0:29
Fun Fact - 1:03
I've ABSOLUTELY been right where you are
STEP 1 Apply for a Mortgage - 1:32
Get preapproved before you go house shopping
STEP 2 -Make An Offer - 4:29
Price & Contingencies - Offer, Counter, Accept
STEP 3 - Escrow Period - 7:07
Period between Accepted Offer and Closing
- Secure A Mortgage - 8:08
- Home Inspection - 8:51
- Address Contingencies - 10:07
- Get Insurance - 10:38
- Closing - 12:32
Closing Costs - 13:27
Monthly Mortgage Payment - 15:45
- Principle - 16:30
- Interest - 17:00
- Escrow Account Contributions - 17:41
Rookie Mistake - 21:17
Outro - 22:28 - ภาพยนตร์และแอนิเมชัน
Wow this is the most important vidoe I’ve ever watched,can’t believe it’s free to get all this info,appreciated 👍
Awww, so glad it was helpful. This comment made our day!
@Sherryl Jacobs try our free online course: www.newhomebuyersguide.net
Agreed. Solid video!
Nice Marley
TH-cam can be better than a college education if you use it the right way.
I’m 16 and can barely afford my damn phone bill lol who knows why I am here but it’s always good to learn something new
Enez ll, that’s awesome! May as we’ll learn new stuff. One thing you can do now is start to establish your credit. Talk with your parents about a checking account and a credit card with a very low limit in your name. Start using it and paying it off immediately. This will set you up for success when you go out on your own.
Always be learning! No matter how young or old
Everyone I know is in debt and struggling. I’m 24 and have great credit and zero debt. Don’t get yourself into debt. Build your credit !!!!
Omg I understand it for the first time EVER!
Wow! Greatest compliment you could give. Thank you and best of luck in the home buying process!
Lol, what is there to "understand"? It's a linear process you go through.
Hey Marta, tearing people down is something that a lot of people do on the internet so it's understandable why you would think it's ok. But it's really not. You're better than that. Whether it's riding a bike, learning to drive, or buying a house, we all have a process. If this video didn't help you, it's all good. It if helped someone else, that's fine too.
@Shine Insurance, you misunderstand. I didn't say the video was not helpful. Quite the opposite, it certainly helped me a lot. I merely pointed out that Eva Davis was making herself sound intellectually defective, since there is nothing to "understand", there is just things to know. A proof that square root of 2 is irrational is to be "understood", the steps in how to close on a house are to be known. Let's not be so imprecise with our use of language. The second point I would make here is the following. Assuming I really did "tear down" Eva Davis with my comment (whatever that means), and let's further assume I did this on purpose with the sole intent of making her feel bad. What makes you the authority to decide whether that's "ok" or not. Why do you assume that your emotional response to this is somehow more authentic than mine (amusement)?
Eva Davis same
Wow... Im 30 years old I was just pre-approved for 200k Im a business owner..... But boy was I clueless about first time home buying. THANK YOU SO MUUUUCHHHHH!!! That one person who needed this video was me.
Hey Oscar, that means the world to us. Enjoy the process of finding your dream home and feel free to let us know how it goes.
You sir are a true expert. As Einstein said, If you can't explain it simply, you simply dont understand. You understand, and explained it simply. Keep on my man!
Thanks R B, Glad it was helpful! Now go out and fine that dream home.
Robert Buesser s
also guys remember PMI (private mortgage insurance). It is not just principal, interest, and escrow that you pay each month. If you're not putting 20% down then you'll also have to pay PMI each month until that 20% off is paid off. (GREAT video!)
Great point Sonya. PMI can be a factor in your monthly mortgage payment for sure.
Yep!!! Thanks for that reminder. Great info to be in the know of.
Sonya Thomas exactly...thanks for adding
Sonya Thomas Is there a way around PMI? Depending on loan maybe?
20% is just condition u don't pay 20% with mortgage insurance ,like say 10% down and rest 10% with mortgage insurance no no rest of the 90% u pay in addition to mortgage insurance ,this is one time charge either pay monthly or in addition to 5% ,10%or say 19%and helps u in Default
The content of the comments in this video are astonishing. I don’t think I’ve ever come across a video where there are 50 consecutive positive comments 😂
Great video btw, lots of useful info 🙂
Thanks. Glad it was helpful!
I'm going to buy my first home and this was amazingly helpful. Wish me luck!
Best of Luck Luis!! Congrats on this big step in your life and glad we could offer some clarity about how it works.
How did it go? I'm considering buying within the next 3 to 6 months.
How did it go??
Good video man. I feel like you took something that seems like a scary process, broke it down with a clear explanation, and turned it into something simple. Thanks for the info!
Woo Hoo!! That's exactly what we're trying to do. Glad it helped.
Thank you very much. My husband and I are going to the bank tomorrow. Pray good thoughts for us. God Bless you.
Blessings to you! If you have questions let us know.
I will soon be in the market for a new house (1st time buyer). I know what to expect when I am going through the process. Thank you for this video!
This is AMAZING thank you so much for sharing!! I will definitely share this with my folks! Thanks again!
Hey Dimplz, glad you learned a lot. thx 4 the shares.
THANKS!!! THIS MOST DEFINITELY HELPS since I'm buying first home this year!
I'm so lost with everything and this helps a good bit! Thank you
Im watching this video for a personal finance class and ive got to say this really sparks the fire that ive got for being a financial advisor and all of this information is tremendously helpful for me just starting out in college. Thank you!
We're in the escrow period right now and as a new home buyer i didn't understand why we're waiting if everything got approve but now thanks to this video I finally understand why thanks so much
Heyddi Suazo, so glad we could help get rid of the confusion. Enjoy your new home!
I'm a first-time home buyer currently researching the process and this is the best, most straight-to-the-point video I have seen on the topic so far. Thank you for sharing.
Brandon Zurvalec glad it was helpful. If you want step by step help with the process check out our course at www.newhomebuyersguide.net.
soooooooo... u made a person who knew nothing about buying a home ... have a better outlook on the process... thank you! Great Job and Nice Work!
So Glad!! Thanks for watching and happy home buying!
I learned a lot thank you for being positive toward the viewers and breaking everything down.
Hey Vaper, No problem. We're happy to help.
the most comprehensive video I've seen thus far. i now have the confidence to go through with this.
That's music to our ears!
Loved your video. I understand the home buying process wayyyyy better than before!
Thank you! I wanna buy my first home when I retire in 4 years. Best lesson ever! Thank you!
Thank you so much for the information. I was so confused by all the "noise" of the internet and family and friends. Everyone was telling me something different and all it did was scare me into putting my home buying off. I'd like to be out of my apartment by December and I didn't know where to start. This video has been a blessing and extremely informative. Thank you
Hi Angela Wyatt, We're glad to help. The thing to address now is your credit and saving for a down payment. You can work on both no matter how far away you are from buying a home.
Crystal Clear! Thanks for the step by step explanation.
It's our pleasure. Glad it helped. Let us know what questions you have along the way.
Omg you are awesome. Im 20 and starting my process next week. Thank you so much
Ruby Shay, of course. Happy home buying!
Thank you so much for taking the time to put this information together and making this video. Very much appreciated!!!
Ade Ramos we’re so glad it was helpful. Enjoy the process and best of luck with your dream home!
Thanks for taking the time to make this :) It has been a huge help!
Thanks so much! I've been thinking about buying my first home and this video has been so helpful. It is very easy to follow and understand. If you ask someone who has bought a home how the process works, they throw all these big words at you or just give you one step answer. So again, thank you and I now feel like I can tackle the process "like a boss".
Awesome Josie, If you decide you'd like more help check out the entire New Home Buyers Guide at www.newhomebuyersguide.net. It's got a guidebook, checklists, videos for each topic, and a closed Facebook group to ask all of your questions.
Shine Insurance Thank you, I will definitely check that out.
This was amazing! I can not thank you enough for all this information.
This video provide very useful information. I never buy a home before and this video gave me some good basic foundation to prepare myself if I ever decided to purchase a new home. Thanks.
Hey Luke P, glad it was helpful. Let us know if you have questions or other topics we should create a video about.
What a blessing this video is! Actually found something from someone who knows what they are talking about but doesn't act as if the viewer is unintelligent :)
svntrs Yay!! Thank you. Really glad it was helpful.
Super helpful and so we'll articulated. Thank you!
Thank you so much! I really needed to understand all the terms. Im am a first time home owner and I was scared at making all the mistake. Now that i have this information i feel more comfortable and confident. Thank you 😁
Jessica McGinley, YAY!!! That is the entire point of this video. So glad it helped you.
Very happy to find this video! Currently house shopping, and glad to know the following steps! awesome video
Jenna-leigh Willis hi Jenna, are you still house shopping? I’m a real estate agent and would love to help with the process
This is the best video that really explained it well for me! Whoo what a relief!
Desiree Marie glad it helped! Happy house hunting!
Got some really good info before buying my home Thanks!
Nice video great content! Keep up the GREAT WORK!
Thank you for the awesome and super helpful information. I'm 21 and I've decided to buy and own property and slowly learn my way into real estates. But obviously, the best way to learn and earn is to own one as my first house as well.
If you're planning to buy a house or own property, this video is where it's at!
Thanks Marvin, glad it was helpful. If you want more videos about investment property ownership we have a playlist of them: th-cam.com/play/PL425CAnBWQyQxzco-7aTgHMQFlqYPD57u.html
Oh man, thank you so much for how thorough you were in this video!!!!
The Lucas List, glad we could help!
What an explanation. Thanks to the person and your awesome voice!
Thank you for this video! All your information was very helpful!
Thank you so much, this information is extremely useful. This process was confusing until now ❤
This is an AMAZING video! thank you for your excellent tutorial. I feel ready and disciplined even more now!
FLiP FLoPs enjoy the process!
I've watched hundreds of vids and this was very informative..Thanks!!
Thanks Jo Jo.
Thanks for the video. It was hard to find a real "nuts and bolts" explanation for first-time home buyers and this vid was really well organized and thorough.
I am a twenty year old looking to buy my first home and I had no idea where to start or what questions to ask. This is a great crash course!
Meg Renner we hope this helps you ENJOY the process.
Awesome explanation Jeremy, super useful and easy for everyone to understand!
Extremely helpful! Getting my first home this year. Fingers crossed!
Now it's all clear...working on getting that down payment saved up! Thanks! 😊
Glad to hear it! Yep, getting your credit right and saving for the down payment are key first steps. You got this!
Great information! I'm doing my homework now and thinking about buying my first home. I enjoyed this video, it breaks down step-by-step. Thanks for sharing!
Sweet. Let us know how we can help.
Thank you for the information
Me and my wife are applying for our first home, super excited
This is the best explanation of the buying process I've seen. Thank you so much! I plan to watch it again and take notes
Yay!! So glad. Happy home buying!
Excellent job explaining in layman's terms! Thanks a bunch. Active seeker hope to land this sale.
Thank I actually had to watch video for homework assignment in financing class. Very informative I will have to watch it again when I buy house.
sohaib ahmed you get an A+ in our book! Hope it was helpful.
Thank you for this video! This will definitely be beneficial for my home buying process!
I am watching this an will be buying my first house before the year ends. 🤗
I’m 23 and I kinda knew this before but thanks for clearing this up I feel much better ! I have set a goal to save money and buy my first home @25y/o thanks man!!
Great plan! Getting your credit right and saving for the down payment are exactly what you should start doing now.
Thanks this really was a great video! Went into a good amount of detail without becoming boring!
Awesome Craig, that's the greatest compliment. Getting the point across with out dragging on is our attempt with every video. Glad it worked for you.
about to buy my first home this helped so much. easy listening...Thanks!
In the process of buying a home right now. This video helped greatly, thank you.
+juice42066 Perfect time to watch this. Wish I'd had this video the first time I bought a house.
This really helps alot thank you!
Priscilla Andrade - super glad. Let us know if u have questions along the way!
This is great !!!! Very informative ! Need this before I look into houses tomorrow thanks
Glad it was helpful. What did we miss? Any questions you have that didn't get answered?
Good info! Glad I found this.
Thank you for making this video. I answered many questions for me. I really Appreciate it!
Happy to help Michael!
Thank you for sharing. I appreciate all you've laid out here. Best wishes.
Hey Donly, Glad you gleaned some info from the video. Best of luck in your house hunting.
Best video I've seen about the home buying process, thanks!
Glad we could help!
Amazing and well informed material and presentation. This should be required for anyone looking to buy a house! Perfect for met. The tone is also soothing and easy to digest. Thank you for making and sharing. Super like!
So glad it was helpful! Happy home buying.
Thank you for this. Buying next month and this answered all my questions!!
Congrats Ricardo
That was very helpful , thank you so much
Really appreciate the information, good starting point for beginners. Thank you!
It's our pleasure. Let us know if you have questions
I love that you tell it how it is
i’ve learned so much from this, thank you for taking the time to make this informative video.
Glad to hear it! Go out there and find your dream home.
Thank you one of the best videos I’ve ever seen compared to others about the same topic .
Sweet can't wait to get in the process for my dream house in 3 years
Thank you for this amazing content. You explained it very simply.
can't thank you enough. didn't know about the escrow period. good job. thanks.
Awesome Quality Reno, enjoy the process!
I'm 13 and have no idea why I am here but I now know how the process of buying a house, driving a manual car and soon learning the rule to drive on the road. right now I'm watching videos how to learn to be a race car driver
Keep up the great work!
Great video! Really helped my husband and I.
+Morgan Bailey Love to hear that! Glad we could help & good luck with your new home purchase!
Thank you soooo much, very helpful information. A lot to consider and be prepared for when going through the process.
Yep, one hurdle at a time. You got this!
+Shine Insurance Agency I hope so :)
I've had worst experience sending my clients to local banks to get a home loan, 99% of the time I will send them to an experienced mortgage broker that I have worked with in the past. Excellent video, thanks for sharing!
Makes sense. Gotta trust the folks you refer to. That’s the bottom line.
Great video, very clear!
Awesome informative video. Clarifies the process greatly for someone who's never done it before.
Glad it helped. Let us know if you have other questions about buying a home. We'll post a video for ya.
Awesome video. Thank you!
Thank you so much for this video! This is SO helpful!
So glad we could help. Happy home buying!
this is so great probably the best educational video i have seen so far.
Thanks ashley tanner, happy to help. Let us know if you have questions.
REALLY WONDERFUL Utube!!! I also read through all of the comments and replies. Love the advice given. THANK YOU for this wonderful Utube!!
+Mary Crowe Of course. Really glad it helped
thanks for great slide show and tips!!
Well summarized and very informative. Thanks a lot for the video.
glad you enjoyed it!
This video was amazing. Thanks so much. I will definitely share with other home buyer's.
dollified100, so glad it was helpful!
brilliantly explained! Thank you so much!
Of course. Glad it was helpful. Enjoy your new house!
Hi Jeremy, thank you so much for creating this video. I am in the process of buying a house or condo for the very first time in my life. Just thinking about it is already overwhelming. This tips and advice gives me peace of mind to and proceed towards the first step, talk to my bank. This is really in depth with great tips. Thank you once again.
So glad it was helpful!
thanks so much for this video! Im such a detail oriented person and this explains it so well as we are currently first time home buyer's in the process of house hunting and getting a home within the next month! :)
Glad to hear it helped! Happy Home Buying
Great video! Thank you for your tips and knowledge!
Hey Cindy, Glad to help. Enjoy your new home!
watching this 4 years later, thanks for the great info!
Still just as relevant as when we first posted it. Happy home buying
Oh, I understand a little! I guess.
My parents are buying a new house, around 590k. They have good/ okay credit and the seller of the house accepted the offer. I'm so excited to enter and live in the house. (Not to brag but it had a huge yard/ lot too)
Thank you for explaining.
great message man- thank you. Gonna be buying my first home when I get back from the desert in Nov.
Glad it was helpful. You’ll find that dream home!
YOU ABSOLUTELY AMAZING FOR EDUCATING ME. BLESS YOU SIR!!!! XO
Very informative, this video cleared up so much for me. Thank you 😃
Woot Woot! Let us know if you have questions along the way.
Powerful message. This is Mortgage 101... Thank you for this education
Thank you so much for the info!!