Everything you need to know about the mortgage process, and what the future of home buying looks like.
|Dec 11|| 2|
In this episode of Talk Money, we’re walking through the entire mortgage process. This process tends to get rushed through a lot of times for a few reasons. First, people are exhausted once they’ve finally found the home they want to purchase. And also, it can be intimidating and complex. The mortgage is one of the most important aspects of the home buying process because it determines what you’re shelling out in the beginning and what you’ll be paying overtime.
Post the housing crisis of 2008, the mortgage process has become more strict. However, you should know exactly what you’re getting into and not depend on the bank to tell you what’s right.
My friend John Teweles, a mortgage banker, walks us through everything:
What a mortgage is, and how it works
What you need to know about the down payment
What you need to know about the interest rate and term
What’s a better deal for you
From there, we talk with Adena Hefets, co-founder of Divvy Homes, a technology company that enables renters to become homeowners with a rent to buy model. Adena shares how technology is making home-buying more accessible, and what the future looks like.
Hope you enjoy. Please share if you think someone would find this useful.