Mortgage Advice for Future Homebuyers | How to Get Ready to Buy a Home

Have any questions or want to talk about your situation? Let's chat!
📞Text or call 503-799-3711 📞
📩 [email protected] 📩
Schedule a call: https://calendly.com/juleef/let-s-say-hi
To apply: https://rate.com/juleef
Lending wherever you want to call “home” 🏠❤️ -- in all 50 states.

In this video:
Chapters:
00:00 - Introduction: Planning for a purchase? Follow these tips!
00:59 - Income concept #1: Stability
01:35 - How to avoid problems with income stability
02:01 - Income concept #2: continuance
02:51 - How to avoid problems with income continuance
03:34 - General rules of thumb regarding income
04:14 - What about self-employment?
05:15 - Do you need to file your income tax return?
06:07 - What about S-corps?
07:18 - Income “don’ts”
07:51 - What if you already did a “don’t”?
09:13 - Assets: How much down payment do you need?
09:58 - Is mortgage insurance expensive?
10:38 - A trick to help you save
11:30 - What about closing costs
12:28 - Sources for your down payment
12:40 - What isn’t okay for your down payment?
13:33 - What is allowed for your down payment?
14:30 - What is an FHSA?
14:59 - Keeping asset documentation simple
15:58 - Credit: It’s not one-size-fits-all
16:19 - Credit: general rules to follow
16:42 - Credit usage: what is it and why is it important?
18:02 - A great trick if you use a mileage card
18:45 - Credit: Don’t pay off collections!
19:44 - You’re tracking the wrong credit score!

Detailed about self-employed income:
https://workshopteam.com/blog/2019/01...

Videos referenced in this video...

Closing Costs:
   • Mortgage Closing Costs (and Prepaids)...  

First-Time Homebuyer Savings Accounts (FHSA):
   • Tax Breaks for First Time Homebuyer S...  

Mileage card trick to boost your credit score:
   • Mileage Card Mistake | A Mileage Card...  

How to cancel mortgage insurance:
   • Secret to Cancel MI Fast: ULTIMATE Gu...  

Leveraging seller credits:
   • SMARTEST Way to Spend Seller Credits ...  

FICO scores vs. Credit Karma (tracking the right credit score):
   • Mortgage Credit Report | FICO Score v...  

Julee Felsman, SVP of Mortgage Lending NMLS 120831
Guaranteed Rate Inc NMLS 2611 Equal Housing Lender.
www.nmlsconsumeraccess.org
www.rate.com/licensing
www.rate.com/privacy

#mortgageadvice #homebuyingtips #buyahome

Branch address: 1300 SE Stark St Ste 111, Portland, OR 97214
State Licenses:
AK - AK120831, AL - 73482, AR - 117882, AZ - 1002329, CA - CA-DBO120831, CO - 100514850, CT - LO-120831, DC - MLO120831, DE - MLO - 120831, FL - LO66603, GA - 67474, HI - HI-120831, IA - 34589, ID - MLO-2080120831, IL - 031.0056868, IN - 42483, KS - LO.0039957, KY - MC713848, LA - Licensed, MA - MLO120831, MD - 120831, ME - Licensed, MI - 120831, MN - MN-MLO-120831, MO - MO-120831, MS - 120831, MT - 120831, NC - I-187748, ND - NDMLO120831, NE - Licensed, NH - Licensed, NJ - Licensed, NM - Licensed, NV - 65660, NY - Licensed, OH - MLO-OH.120831, OK - MLO21956, OR - Licensed, PA - 74700, RI - Licensed, SC - MLO - 120831, SD - MLO.09183, TN - 203658, TX - Licensed, UT - 12003187, VA - MLO-41738VA, VT - VT120831, WA - MLO-120831, WI - 120831, WV - LO-120831, WY - 8673

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information.

All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.

Content found in these videos is public information. However, all information including text, photographs, etc. is copyrighted and is protected by United States and international copyright laws. These videos may not be used, reproduced, or distributed for commercial purposes without prior written consent from Julee Felsman and Guaranteed Rate.