Nov 18, 2021
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
- 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
- Know your budget!
- How lenders determine how much they are going
- What the 28/36 rule is.
- Tony runs through the pros and cons of a 20%
- How savvy investors look at
- Comparing pre-approval and
- 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
- Examples of the different types of lenders that
- Information that you will need to provide to
the lender you choose once you have a property under
Links Mentioned in Today’s Episode