First Time Home Buyers Guide – Tips and Advice

Hey this is Jeremy from Shine Insurance.
I’m excited to share with you our first time home buyers step-by-step guide.
Whether you’re a first-time homebuyer, you haven’t purchased a house in awhile, or the last time you bought a house it just wasn’t a very smooth process, you
are in the right place. I’m gonna break down from beginning to end exactly how the home buying process
works. So let’s dig right in. What we’ll learn here is the
inside scoop on new home buying. we’ll break it down into these
five parts. We’ll talk about 1. Applying For A Mortgage – You’ve gotta have a
partner in the process if you’re going to buy a house. 2. Making An 0ffer –
Engaging with the seller The Escrow Period – a whole bunch of things
happen in the escrow period. The Closing – the period of time where you actually
purchase the house. Finally, we’re going to break the mortgage payment down into it’s parts. Your mortgage payments obviously is going to be with you for a while and I’m gonna show you
the three different parts of that payment. SO LET”S GET INTO IT!!
Fun Fact – When I bought my first house I had absolutely no clue
about the stuff. I look back at that time and I bought a really cool house, it all
worked out fine, but I really did not have any idea about anything I’m gonna
talk about in this video. I knew it was a good idea to purchase a house. I went in
and did everything and i really didn’t understand things like I should have. This video whould have helped me a ton and I know you’re going to be much better at
this process then I was. Let’s start from the very beginning. You
might think the very beginning is going out and looking for houses. Maybe you’re
driving around town looking for houses now. You know that’s fine but the real
beginning of the process is knowing whether you can buy a house at all! I mean
maybe you’ve got the money to purchase the house and if you do this part isn’t
as important for you but for the majority of folks, you don’t have the
finances right there to pay for the house. So you’re gonna need a
financial partner, someone to invest in this house with you and banks that provide home loans are the folks that are generally going to do
that for you. So step one in the process of buying a new home is applying for a
mortgage. You’re going to apply for a mortgage so that you know what you have
available and what kind of house you can purchase. Generally you’ll get
pre-approved to borrow a certain amount of money. So you’ll call the bank, either a local bank or the folks online the 800 number and
they’re going to ask you a bunch of
information and then they’re going to tell you what they feel you can borrow.
The point I want to make here is that Preapproval is not a for sure, “Yes you can borrow this
amount of money from us”. This is a pre-approval so they’re saying it looks
to us at this point like you could borrow this amount of money.
Later on in the process they’re going to solidify that agreement and if there are
things that have changed in your job scenario or something like that it is
possible for this pre-approval not to go through. I don’t say that to make you
worry about it, I say that so you understand the process and how it works.
Pre-approval is, “we think we can loan you this amount of money if all the things
that seem to be here right now lineup.” So this is a good step in the
process but not the final step in knowing exactly how much you can borrow.
If you go to a local bank, generally you’re going to get a better sense of
exactly what you can borrow because they can ask you a few more details up front
and spend a little bit more time with you. So I always advise folks to go to a
local bank a place that is closer to you where you can sit down face-to-face with
someone. But either way works just know that it’s not a hundred percent sure
that you can absolutely borrow that. I also want to point out the interest rate
has a ton to do with your credit score. If you want more info on that you can go out there online. We’ve got some great blog posts
that tell you all about credit score and how it affects things. It affects your
mortgage for sure. It affects your insurance as well. You want
to have the best possible credit score you can when you go to buy a house
because your interest rate is going to reflect your credit score. Ok, once you’re pre-approved it is time
to truly go house shopping!! Now you have a sense of how much money you can borrow,
how much money banks are willing to invest in your new home. So you have a real sense of what you can purchase and you can go house
shopping. So you’ve gone house shopping your realtor help you find the home of
your dreams and you made an offer. Well what does that mean? It
means simply that you put in writing the amount of money you want to buy the
house for is step one and most of us know that that’s part of it. AND included any
contingencies or additional expectations connected with your offer. So
contingencies could be things you want the seller to do, “the roof is in bad
shape, we’re offering you X amount of money to buy
the house. But in order for this to go through you’l have to have fix the roof
before the closing.” OR it can be things you want like, ” I’m making this offer for X
amount of money but I want all the furniture, I want to hot tub, etc.” You
know whatever things don’t generally come with a house. But you’ve made it a
contingency in your offer that for this deal to go through it will come with the
house. So sometimes contingencies are what you want the seller to do before
you purchase the house (like fixing things). Sometimes contingencies are things
you want from the seller that maybe they wouldn’t generally include in the sale.
So those two things, the price you’re gonna pay and the contingencies are part of making
an offer. So the offer is made and the seller decides if
they want to do one of two things in response. Do they want to counter or Do they want to
accept? We’ll start with the thing that happens most often in the first
step which is a counter. The seller will reply to your offer with
a different set of price and contingencies. They may say they want
to sell it for a lower price, they may say they want to sell it for the same
price but they don’t want to do whatever contingency you ask. All sorts of things
can change in the counter, but basically, they’re taking those two things, the
price and the contingencies and coming back to you with a different version of
what they’re willing to do in the sale. So that’s a counter. If they counter you, you then have the choice to counter or accept as well. So let’s talk about
accepting which is the next step. So at some point one side or the other accepts and that means they agree to sell or
buy the house based on the last offer presented. At this point one side says to the other, “I accept your
offer or I accept your counter and we have a deal.” At that point we’re done
with the make an offer part. We’ve figured out exactly what the sale will
look like, what the price will be and what the contingencies will be. We’re ready to move on to the escrow period. The escrow period is a period of
time between an accepted offer and the closing. As we’ll get to, the closing is the actual
moment when you purchase the home from from seller. We’ll get to that but we
have the escrow period to walk through and tons of things happen in the
escrow period. So let’s talk about what happens during the escrow period.
You’ve got a secure that mortgage that you got preapproved for. Most the time
there’s a home inspection which means someone will come in and really like dig into
the house, take a deep look at the structure of the home. During that time we’re going to address the contingencies which means if you ask the seller
to do something we need to make sure that’s actually done before closing. And
we need to get insurance. So those are the things that need to happen before
the closing. Then obviously the closing happens at the end when all
those things have happened during the escrow period. So let’s
break into each of those quickly. SECURING A MORTGAGE – You’re gonna go
back to the mortgage company now that there’s an accepted offer and say look
you pre-approved us for X amount of money, let’s finalize these details and
they’ll want your finances, your w-2, your work information, all the
financial pieces of your world. The mortgage company’s going to wanna see
them because they want to make sure that you’re going to be able to pay your
mortgage payment. That’s what they’re trying to figure out. And so all that
stuff gets figured out back and forth between you and the mortgage company
until the mortgage is secured. This means it’s really set and ready for closing. So that
financial side has to happen, securing the mortgage. HOMEINSPECTION is when a certified
inspectors examined your home and describes all the structural concerns
that he or she notices. Now, you made the offer on the house assuming you had a
solid house in place. Maybe the seller said there was a problem with the roof
or there was something like that. A lot of times times when you’re
going through with your Realtor your Realtor will know that there are some
issues and they’ll tell you about that from the beginning. But often times in this inspection you’ll
find other kinds of issues. Maybe there’s termites in the house or all kinds of different things can come up during the home inspection. Most importantly, this is a point
where often times even though you’ve made an offer, it’s been accepted, and you’re in escrow a home inspection can change the agreement
between the seller and the buyer. Usually in the offer it says, “contingent on home
inspection.” So once the home inspection goes through, if there’s major
problems, you can say, “look you need to fix this or we’re backing out of the
deal.” Oftentimes, deals fall through at the home inspection point. This is a good time to address the contingencies in general. So the purchase offer is
contingent on the inspection. So there may be additional negotiation if
the inspection finds issues. I just talked to you about that. But we also, if there’s any other
contingencies that were part of the offer (“Hey we need to fix the roof”), that’s
going to be a part of the escrow process as well. It has to get done before the
closing so you know that the seller absolutely has taken
care of it before ownership changes hands. GETTING INSURANCE – insurance
protects the home and it protects not only your financial interest in the home
but it protects the mortgage companies financial interest in the home. The
most basic part of insurance is this. if it were
to burn down or get taken out by a tornado or whatever, the investment that you’ve
made and your mortgage company has made is no longer there. Insurance
protects from that situation. So insurance is going to pay to rebuild
that house and bring the investment that you have and the mortgage company has
back into the picture. So the mortgage company will insist on you
having insurance before the closing. So you need to go out to
your local independent insurance agent and engage with them. Say, “Hey I’m buying
this house. Here’s the address, here’s the closing date, please let me know what
information you need.” They will get a quote to you which you can then hand
over to the lender and say, “hey here’s the amount of money that I’m
going to be paying or really is going to be paid out of my escrow
account (we’ll get to that later) and they will figure it into the process. And then,
before closing, you have to actually secure that insurance policy and get a certificate
of insurance to your lender so that the closing can happen. So that’s all a part
of the process and getting insurance is an incredibly important part of the
escrow period. Like I said insurance is an
important part of your escrow account which I will address later but that’s
why they need the numbers specifically. The mortgage company needs two
insurance things to close. One is that you have insurance to know that their financial
interest is protected. Two is that they need to know how much that insurance is
gonna cost so they can figure what your monthly mortgage payment will be. I know I’m
using a bunch of big words there but I’ll get to it in just a second. Ok, we talked about you getting the
policy into place & get your mortgage company proof of insurance prior to
closing, we got all that taken care of. So we’ve secured the mortgage, we’ve gone to
our inspection, we’ve taken care of all those things. We’ve got our insurance in
place and we are ready to close on the house. General this happens on a given day. Often
times the buyer and the seller will come to the same place, a title company
which is in charge of making sure all this stuff happens, and sit down at the
table and one party will buy the house the other party will sell the house. There’s
lots of signing of papers, putting things in place, and that is the closing. The
date that you actually purchased the house and the seller no longer has
any interest in it. So all documents will be signed ownership of the house will
officially change hands to you and congratulations you purchased a new
house!! But there is a lot of cost. involved. Specifically, there’s a group of people that get paid at closing. So at closing you’re gonna see a lot of course connected there. These costs vary widely with a lot of different expenses but here’s some of the main
ones. At closing you’re gonna pay the realtors and the
title company. So you’re going to pay everybody that helped you with the
buying process. You’re gonna pay one year of your homeowners insurance so
that will be a part of your closing costs (unless you paid that
ahead of time), and a lot of other fees that come with it. So there’s
a lot of different closing costs and understanding those closing costs really
has to do with you talking to your mortgage broker about how this is gonna
work. Asking questions like, “What are the closing costs? What are they gonna look
like? Why do I have them?” Ask those questions make sure that you
understand because when you’re at closing there’s so many things going on. Your
signing papers everywhere and all this stuff is going on that everybody else
knows how to do. They do this all the time. So they’re kind of zooming through it
and if this is the first time that you’re
trying to understand everything you can end up leaving that room a little
frustrated and feeling like you don’t understand. So take a little bit of
your mortgage brokers time ahead of time. Sit down with them and see exactly
what closing costs are going to be in there. Have them break it down for
you and they should gladly do that for you. So that’s the closing costs part of your closing. So
you purchased your house, CONGRATULATIONS! You get to move in, you get to be happy,
you’re a new homeowner! You’ve invested in something that will provide you tons of
joy, maybe grow your family, whatever your future interests are in life
that house you just purchased has a lot to do with those. That will
be the foundation of where those things happen so buying a new house being a new
homeowner is super exciting and a smart investment for the most part and so
enjoy it! You’ve done everything you had to do. It
was nearly three months of paperwork and all this kind of stuff and
now you’re actually moving into your house. So be happy. But I wanted to break
down, at some point, your mortgage payment is going to need to be made. A lot of times you
get a grace period. So the first maybe month you’re living in your house
you don’t have to pay anything. But in that second month or maybe the
third month you’re gonna start having to pay your mortgage payment. That payment is
generally the same amount of money that your mortgage broker told you from the
beginning. But what I didn’t know when I
purchase a new house and what I want to share with you right now is that there
are absolutely parts of that mortgage payment that are important to understand.
There’s three parts actually and they are PRINCIPLE, INTEREST, and ESCROW ACCOUNT CONTRIBUTION. So you’ve got these three different parts of your mortgage payment
and let’s break those down and look at what each one is. The first one is
Principal. This is what you think of in your payment. It’s the part of
your monthly payment that goes toward paying down your debt. You borrowed $200,000 and every month
you’re paying a little bit to pay that down. In 30 years or fifteen years or
whatever you agreed to, you’ll have paid down all the money you borrowed. That portion is Principle, However, especially the beginning, Principle is not the main part of your
payment. It depends on how your loan is set up but often times at the beginning of
the loan the main part is actually Interest. Interest is the part of your monthly
payment that goes toward paying the mortgage company for the privilege of
borrowing their money. As you know, banks don’t do this for free. They make money every
month and oftentimes they front-load mortgage payments so that
there’s more interest being paid at the beginning than at the end. That’s
obviously set to their advantage so that they make more money whether you sell
your house later or not. So you’ve got the principal (what you’re paying down on the
money you actually borrowed), interest (what you’re paying the mortgage company
for the privilege of borrowing their money), and then the third piece which is
Escrow Account Contribution. So there’s a little tiny bank account that
is a part of your mortgage. It’s called the escrow account.
Every month you pay a small bit into this bank account that your mortgage
company keeps track of. It usually covers two things. It will cover your
property taxes and it will cover your homeowners insurance. Your mortgage
company likes it to be set up this way because they want to know that you’re paying your taxes and that your homeowners insurance is protected in case something bad happens. They wanna know
that’s happening and they want to have a little bit of control over that. The
way they’ve set it up is having an escrow account contribution as a part of the mortgage
payment. So you’re paying to the mortgage company a little bit of money each month. When the property taxes need to be paid the bill goes to your mortgage
company and your mortgage company pays those property taxes or pays that
homeowners insurance out of the escrow account. So they are responsible
for paying the property taxes and homeowner’s insurance. It’s not like they’re paying out of
their pocket of course, they’re paying out of your pocket. You’re just paying it as a part
of your monthly mortgage payment each month. So you’re paying into the escrow
account, the mortgage company is paying property taxes and homeowner’s insurance,
and that way they have some control over knowing those things are actually being
paid and actually being taken care of. It’s important to know that even if
you set up a mortgage that cannot change. The price cannot change. Oftentimes a
fixed rate mortgage means nothing is going to change about the principal
(amount of money you borrowed). Nothing is going to change about the interest (or
the amount of money you’re gonna pay the mortgage company for the right to borrow
that money). Something can change though about the escrow account contribution.
Sometimes the mortgage company will send people something like,
“hey your mortgage payment is going up from $1,000 a month to $1,200 a month”
and they get all up in arms. Again this was one of the places I didn’t
understand when I bought my first home. I had that happen about a year in.
My mortgage payment changed and it went up by a couple hundred dollars. I was
thinkin, “well wait a minute. I don’t understand this. Why am I paying more
money when I made this agreement?” I got really frustrated with my mortgage company and the person who sold me the mortgage in the first place. I was like,
“What? you set me up for something that now suddenly is going up.” What I
didn’t realize was simply that my homeowner’s insurance and my property
taxes had gone up. That made the escrow account contribution change and
therefore, my monthly mortgage payment goes up. So, if your monthly mortgage
payment changes it’s almost 90% sure it is your escrow account that is causing
the problem. If you know that and understand that then you can dig into what’s
actually going on and see if you can do something to fix it.
Escrow account contribution for the most part, 90% of the time, is the
only thing that can change in your mortgage payments. so know that. If your
mortgage payment changes on you. I got ahead myself there. Again, if you have a fixed rate
mortgage then insurance and taxes are the only real reasons that your monthly
mortgage payment amount should ever change. I think I jumped on that one
already. I guess I’ll say it here again. Now you know and if your mortgage payment
does change, don’t freak out. You gotta know that it has something to do, most
likely, with your taxes or insurance. OK, here’s a rookie mistake, something that I
think people do sometimes. Hopefully your mortgage broker will be telling you
not to do this but I’m gonna tell you not to do this right here as well. Applying for any other loan during the
escrow period. Your your mortgage is still changeable if
something happens to your credit. Something can happen to your ability to
borrow money from the bank that you’ve made the agreement with all the way up
to the closing date. A lot of times mortgage companies don’t actually
totally solidify your loan till two days before closing or even the day of closing.
So you do not want to apply for any other loan during the escrow period without speaking with your mortgage
broker. If your mortgage broker tells you, “Hey, here’s the situation. It’s fine. You
can go ahead and buy that new car.” Well that’s different
but do not go and apply for any other loan unless you spoke with your
mortgage broker and they’ve specifically said that it’s not going to have a
negative effect because oftentimes it will. So Rookie Mistake>>applying for any other
loan during the escrow period. Alright, what we learned: Well, we applied
for a mortgage, we navigated all the different parts of the escrow period, and
once we had closed and bought the house, we broke down your monthly payment.
Now you’re there. You understand exactly how these things work, exactly how buying
a house works from beginning to end. I hope that you’re like, “ok I get it! There’s a lot of pieces but I understand it now. I can navigate them no
problem. I feel like a boss. I feel like someone who’s going to nail
this thing!” And I know you are you going to be able to go right through
it smoothly, take care of any bumps that do happen, and purchase that home of your
dreams. The last step in this video is pretty simple. Three-parts. I would like
you to go and subscribe to our YouTube channel. We share a whole bunch of great
information just like this video you just watched. So please subscribe to our
channel so we can get it out to you and go from there. Step 2, please share this
video with someone who needs it. So I’d like you think about if you know someone
else who is purchasing a new home or who’s purchasing a home at all. Do you know a mortgage broker that might be able
to share this video with the folks that work with them. Please share this video
with one person who needs it. Then finally, I hope your post on your
favorite social site about this video so that other people can experience it as well. Good
information is only great if people share it. And it’s really not even good
if people don’t care because you can’t enjoy something if you don’t
know it’s there. So please post this video on your favorite social sites. So we will see you next time. Feel free to head over to our YouTube channel if
you wanna see some more videos. I really appreciate the time you spent
watching this video and I hope you got a ton out of it. If you did please let me
know. I will see you in the next video or
the next place have a wonderful wonderful day

100 comments on “First Time Home Buyers Guide – Tips and Advice”

  1. gear schwinn says:

    What about making a video for the 1st time buyer using cash? Mortgages = debt 😾!

  2. Shivan-liz duncan says:

    Thank you for the breakdown

  3. 12lzavala says:

    Hi, for securing a mortgage loan, would it be advisable to speak to more than one financial institution? If so, what type of questions should I ask? My Sister recommends a credit union. Should I go to the bank I do checking with? I was exploring a new housing development company and they have a loan/financing office, but I feel like I need more information aka I don’t know what I don’t know!!!

  4. DJ iMike says:

    Thank you. Great information.

  5. Claudia Garcia says:

    Very informative! Thank you!

  6. WonderfulsVIP says:

    Wow… this video is amazing. Thank you so much. I finally understand

  7. Music Man says:

    I’m saving up for a home. Me and my girlfriend are working on this. Can’t wait!

  8. Gabriel Freiberg says:

    Great video, very clear!

  9. My Name says:

    Man get this guy a glass of water. Driving me nuts hearing him swallow

  10. 123 Queen says:

    Im buying a home for 49,000 with 10% down 1bed 1bath how long should the whole process take? Could it all be done with in a month?

  11. Jean Pierre says:

    Thank you for the tip

  12. thaurbansoldier434 says:

    The swallowing and smacking killed a really good video.

  13. Destinee says:

    This is so helpful! Thank you

  14. EST1911 Buddy says:

    Im about to buy my first house and one thing he forgot to mention before the inspection happens is that the buyer or the seller has to turn on the utilities for that inspection I wish he would’ve also covered what happens to the leftover money from that loan this video was without a doubt helpful.

  15. Dubz Mack says:

    Awesome Video!!!

  16. Luis Cancino says:

    6:05 – A seller that wants to sell their home for less money than a buyer offered? It might have been an error.

  17. Justina Victoria says:

    Great information!

  18. Jon Escalante says:

    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!

  19. Mr Ed says:

    Im 26yo male and looking to invest into a home with my girlfriend and shes only 21yo. Thanks for all these info.

  20. SLOBolted 99 says:

    My wife and I were just pre-approved for $500k. However, here on the central coast of CA that gets us a 2/1 bed bath with about 1000 sq feet.

  21. Brandi David says:

    Very good video but u seriously should take water breaks.

  22. William V. says:

    Question.. say you buy the house value of $150,000 and you have 30yrs to pay it off but say on the first month you decide to sell it but first you fix it up and get the home inspected and it’s now worth $200,000. Can you sell it and pay off the mortgage and make a profit of this?

  23. Ruby Shay says:

    Omg you are awesome. Im 20 and starting my process next week. Thank you so much

  24. SETHBMW says:

    He sounds understanding but i need to know do i talk to a realtor before i apply somewhere to get pre approved.. And what is the best option to apply for being i am a first time buyer.. plse someone answer that question.. i need to know step one first…!

  25. Nando Perez says:

    THANKS!!! THIS MOST DEFINITELY HELPS since I'm buying first home this year!

  26. Devanand Nanan says:

    Thank you one of the best videos I’ve ever seen compared to others about the same topic .

  27. XYZ ABC says:

    Fucking ungrateful people everywhere complaining about swallowing, wtf is wrong with people.

  28. Andria B says:

    Great Video

  29. encdee says:

    Just curious, and it's probably not such a rigid thing, but why was getting an inspector to go through the house, mentioned as something that happens during the escrow period?

    Wouldn't it make more sense to do it before accepting an offer, when you can factor in repairs, etc, to the contingencies?

    Edit: LOL.. Just needed to keep listening

  30. Scott Mac says:

    Amazing content. Keep it up!

  31. Victor Genao says:

    Good info. Im doing it for my parents and im stressed.

    Stop swallowing infront of the mic🙄🙄

  32. Mr. Schrute says:

    Perfect video and clear explanation. Good job sir!

  33. Ultra Chronic says:

    I’m 11 why am I watching

  34. Teresa C says:

    Thank you so much, this information is extremely useful. This process was confusing until now ❤

  35. lillian novelli says:

    thank you! very helpful

  36. Amanda Chambers, WPICC says:

    Is this for Canada or USA?

  37. 2209AM says:

    What an explanation. Thanks to the person and your awesome voice!

  38. Matt Memarian says:

    What is the difference between Home Insurance and Home Warranty??

  39. Veronica Alvarez says:

    Got some really good info before buying my home Thanks!

  40. Eli on the Internet says:

    Thank you so much for the info!!

  41. Richard Colucci says:

    What about attorney, their role and review? What about appraisal? If appraisal is less than agreed price?

  42. Stephen Bailey says:

    Awesome explanation Jeremy, super useful and easy for everyone to understand!

  43. C Lewis says:

    This was very helpful info.

  44. Samantha Hicks says:

    Thank you! I am so worried About buying a home bc i have no idea what im doing.

  45. Ray says:

    Nice video, now drink some damn water.

  46. JJ says:

    Your taxes went up and your escrow amount went up!? OMG, hahaha!

  47. Curtis Williams says:


  48. M says:

    Ty! Well done.

  49. Maria Silva says:

    Thank you very much 😁👍

  50. Cass Tea says:

    Loved your video. I understand the home buying process wayyyyy better than before!

  51. James Tran says:

    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!

  52. DEE says:

    Why don't they teach this stuff at school!?

  53. sincerelymayte xo says:

    Thank you for this video! All your information was very helpful!

  54. Ce Lo says:

    How much money do i need in savings account before going to the bank?

  55. Joe Doty says:

    Dude stop swallowing your fucking spit. It's disgusting.

  56. Joe Doty says:

    just fucking nasty.

  57. Amanda Cody says:

    Okay… you do not need a "partner" to buy a house

  58. Rick Lemke says:

    Very educational video. My only complaint is that your swallowing is absolutely horrifying

  59. Arun Mishra says:

    Great video

  60. NPC says:

    How much could one afford with a 50k salary?

  61. Thelma Oku says:

    Thank you so much for the info

  62. Mrs Gupta says:

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  63. Michelle Wade says:

    Sweet can't wait to get in the process for my dream house in 3 years

  64. JOHNNY NGUYEN says:

    Do you have to pay PMI for the life of the loan? Or will the PMI payment be automatically removed once you reach 20% worth of the mortgage?
    Also, do you have to refinance and pay refinancing cost to remove the PMI once you’ve reached the 20% equity on your mortgage? Thanks

  65. Lahjic7 says:

    Love this video . This you so much!

  66. Jas Web says:

    Thank you for this info! It is putting me at ease. 😀

  67. Jaime Morrison says:

    Does agreeing with the terms of the mortgage contract have to be written into the contingencies? That's what I was told, even though the contract wasn't available for me to read until a day or two before the closing.

  68. Nicolas nico says:

    do I need to have money in cash for down payments and closing costs? or can I include that in my loan?

  69. Slate X16 says:

    This was very informative. I will never forget now about The Escrow Account Contribution being that it could change even on a fixed payment. It's amazing when you just take the time to research before you start looking! Great video!

  70. Marshawn Hughes says:

    I thought I was ready. I see that I am not

  71. Brie Tier says:

    How soon before you’re thinking about buying should you begin applying for a mortgage?

  72. Randy Griffin says:

    Very good explanation. Thank you. RGEE

  73. No woman No cry says:

    Wow this is the most important vidoe I’ve ever watched,can’t believe it’s free to get all this info,appreciated 👍

  74. Jason Keller says:

    I swear man it feels like buying a home is impossible these days.

  75. Khrystyna15 says:

    about to buy my first home this helped so much. easy listening…Thanks!

  76. Sniperkillzall says:

    My parents are Mexican and I wanted to help them own a house because we are renting at the moment and this video helped a lot btw I’m 18

  77. B JC says:


  78. Lovely K says:

    When do you have to make the downpayment 3% or 20% during which step does that happen?

  79. Jamiel THE TIME I MET MICHAEL JACKSON tributes says:

    Thank you! I wanna buy my first home when I retire in 4 years. Best lesson ever! Thank you!

  80. Stephanie Crowder says:

    Follow @give_yourself_some_credit on Instagram for Credit Repair services and tips!

  81. Christopher Sewell says:

    Hi imma boy looking for a job any help and tafe school verto

  82. Christopher Sewell says:

    I get no sex I sleep

  83. Christopher Sewell says:

    Fushion got my money job trophie

  84. Christopher Sewell says:

    Cry he’s got my life stlye

  85. Christopher Sewell says:

    I’m looking for a house

  86. Christopher Sewell says:

    I’m a first time house buyer

  87. Christopher Sewell says:

    From hell

  88. Christopher Sewell says:

    I still have the injury broken bone

  89. Christopher Sewell says:

    What I’m going threw is fracture from a cricket ball I’m 31 years old

  90. Christopher Sewell says:

    Oh sorry I’m in the car

  91. Christopher Sewell says:

    Am I driving a car or my fushion

  92. Christopher Sewell says:

    Oh fuck help I’m in car

  93. Christopher Sewell says:

    Oh shit a black Land Rover beeping at me

  94. Christopher Sewell says:

    Who’s a good boy

  95. Christopher Sewell says:

    Can u do kidnap someone while haveing sex

  96. Christopher Sewell says:

    I was gunnna have sex and I falled sleep

  97. Christopher Sewell says:

    Past out

  98. Christopher Sewell says:


  99. Christopher Sewell says:

    And he steals my money hacks into my bank account cause it power of attorney

  100. Chanathala Jones says:

    Thank you❤ I've learned so much from you I will share😍😍😍😍

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