The Mortgage Whisperer

Everything you need to know about the mortgage process, and what the future of home buying looks like.

Talk Money Ep. 5- The Mortage Whisperer

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Listen on Spotify

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. 

Mesh

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Buying Your First Home?

Everything you need to know as a first time homebuyer

Talk Money Episode 4: Home Sweet Home

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Homebuying is one of the largest investments you’ll ever make. Maybe you’re ready, or maybe you’re just curious about what the process looks like. Either way, it’s important that we make this as transparent as possible. It also depends on where you live.

For some of us who live in cities like NYC, for example, my wife and I, it’s hard to stomach something as crazy as-

"1 Bedroom, 1 Bath, 5th Floor Walk Up, No Washer/Dryer- Only $999,999!”

I wish I was kidding! I’m pretty sure this apartment exists in Manhattan. It’s all about the neighborhood, right? Lucky for me, my wife has a great eye for neighborhoods that are up and coming, but still have a lot of value. that in itself. In this episode of the podcast, “Home Sweet Home,” we are going to explore everything you need to be prepared for when thinking about buying a home.

  • How to think about choosing the right home

  • How to know what neighborhood is right for you

  • How to go about selecting a realtor

  • What you need to know when competing on an offer

The process of home buying can be very overwhelming and exhausting, but it’s an incredible accomplishment and something you should be proud of. I hope this episode is helpful in preparing you.

Mesh

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What's the Deal with Bitcoin?

Still don't understand Bitcoin? You will now.

Hey Friends!

Have you been struggling to figure out how to explain Bitcoin to your friends? Or maybe, you’ve read every article and are still having trouble understanding it yourself?

That’s totally okay. I was in the same boat for years, and it’s why we wanted to tackle the topic early on in Season 1 of Talk Money.

Here’s the thing… you don’t have to buy into any of this, but why not understand it? It will give you more firepower to shut down your little cousin when they mention Bitcoin at Thanksgiving. This two-part special is THE BEST 101 on the topic out there.

Technically, I didn’t say it. This is from some experts in the space who I have the utmost respect for.

So here is our two-part series on Bitcoin & Cryptocurrencies, entitled, “What’s the Deal with Bitcoin?”

Part 1: The Foundation (Apple Podcasts or Spotify)

In this episode, we’ll learn what exactly Bitcoin is and the problem it solves. We’ll hear from economist Carlos Hernandez, who shares his story of how Bitcoin saved his family’s life, living in Venezuela - where they suffer from hyperinflation.

We’re joined by investor Avichal Garg, who takes us on an incredible journey of why Bitcoin was created, where it can go, and why it’s considered “Digital Gold.”

Part 2: How to Buy, Invest, and Store Bitcoin (Apple Podcasts or Spotify)

There are a ton of clickbait news and podcast advertising on ways to buy Bitcoin and other cryptocurrencies. Don’t listen to them if you haven’t truly understood the risk involved.

In Part 2, we’ll learn from investor Ari Paul, former University of Chicago Endowment Manager, on how to properly think about the risks with buying Bitcoin and cryptocurrencies. We’ll also learn why they’re so volatile (big swings in the price).

We’ll hear the story of how a friend turned $10,000 into $18,000,000 (on paper), and lost almost all of it. These lessons will teach us to proceed with caution.

If you liked the podcast or the post, please share it with your friends.

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Thanks!

Mesh

Welcome to Talk Money

Money demystified through storytelling.

Hi there,

I’m excited to introduce you to Talk Money--hosted by me, Mesh Lakhani. This newsletter supports my Talk Money Podcast; in both, you’ll learn about business, investing and finance through stories that matter.  Listen and subscribe to the podcast on Apple, Spotify, Stitcher or wherever you choose to listen.

This is about transparency and truth.

Money does, indeed, make the world go round--it’s involved in almost every aspect of our lives. That’s why I’m here to demystify it. Let’s work together to learn the secrets of the financial world. 

Remember, in Blow, when Johnny Depp’s George Jung gets the attention of his prison-inmate students by saying that he’ll teach them how to smuggle drugs? I’ll be doing that, here--except we’re smuggling knowledge (you won’t get into any legal/moral trouble).

Remember, in The Big Short, when celebrities broke down complex financial concepts using relatable analogies? I’ll be doing that, too, except without the budget for Margot Robbie in a champagne bubble bath. FYI: someone forgot to pay the editor for that scene. 

People say that they need to teach the basics of money, business, and finance in high school. Well, here it is; but this is no high-school class. This is entertainment. This is the bare-bones truth. This is me, representing you, unlocking the secrets and breaking them down, using them to make us smarter about our money. We don’t need school to teach us these things. 

Who Am I?

I’ve been fortunate enough to surround myself with smart and generous people who’ve taught me about finance and investing over the last 10 years. I didn’t go to school for this. I didn’t work on Wall Street. I learned everything by doing, making mistakes, and asking questions. A decade later in the investment world, I still remember starting my career back in 2008, right before the collapse, not even knowing what the Dow Jones was. Since then, I’ve had experience investing in stocks, tech startups, cryptocurrencies, and most recently, co-managing a $100M Credit Fund.

I want to protect you from all the companies using confusion to acquire you and your money. Let’s make this easy. Through relatable topics, we’ll discover the tools and products we need to take matters into our own hands. 

Let’s go! 

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