Description

Financial planning is key to buying your first home and securing a financially successful future with a new home.  From ways to save money with mortgage loan products, to tips to possibly reduce your mortgage and advice to plan a monthly budget while factoring in your new mortgage. 

In this episode, Shivani Peterson NMLS# 866955 reveals some great budgeting tips and homebuying hacks to save you money. 

Tips Shivani discusses: 

• How to ask for a rate buydown, instead of a price reduction from the seller.
• A look into all loan products – ARMs, buydowns, long-term locks.
• Tips to analyze your other monthly debts - If your housing expense is going to be more (which is likely even if you rent), how do you need to adjust your budget for other bills?  Can you pay something off to boost your cash flow and buying power?  How will your income change over the next 6 months?

Learn more about home buying, refinancing and real-estate investing at themortgagereports.com

The Mortgage Reports Podcast is operated by Full Beaker, inc. NMLS# 1019791

Equal Housing Opportunity.