Education
Recently I was asked this question by a prospective new home buyer: "I want to buy a house but the thought of having to stay in it for 30-years scares me!" To which I replied, "Why do you think you HAVE to stay in a home for 30 years?" They responded, "Isn't that what a 30-year fixed mortgage means?" I suddenly remembered thinking this exact thing when my husband and I were looking to buy our first home over 20-years ago. It was my mortgage broker who filled me in - that, no, I was in no obligation to live in a house for 30 years in order to get a 30-year fixed loan. My goal is to make the home buying process as easy to go through and to understand as possible - so please feel free to ask me questions! There's no such thing as "silly questions" and I take every single one seriously - I bought my first home with literally zero knowledge of how this stuff works because I had no one in my life who understood it. Because I've gotten these questions from prospective new home buyers recently, in this video I'll explain: What a 30-year fixed loan means, What the term "Equity" means, and I'll briefly discuss some other types of loans: ARM, Balloon Payment, Interest Only Call or email us today to learn more. ➡️949-723-9572 ➡️shauna@bell-mtg.com Ready to apply? Link in bio. Real estate agents - do you need a buyer pre-approved ASAP? We will give you top priority. Let’s chat! ➡️ 949-723-9572 -————— #DRE 02107604 NMLS 1895610 #NewHomeBuyers #30YearFixed #ARM #BalloonPayment #InterestOnly #Firsttimehomebuyer #newhome #yournewhome #thebellgroup #californiahomepurchase #californiahomeloans #firsttimehomebuyer #costamesarealestate #orangecounty #mortgagefinance #mortgagebroker #mortgage #californiarealestate #yourmortgageperson #helpmebuyahouse #shaunaratapu --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/your-mortgage-person/message Support this podcast: https://anchor.fm/your-mortgage-person/support