Description

In this episode, Dave and Curt discuss:

• Buying when it is right for you, not just when it’s a buyer’s market. 
• What the current interest rates mean for you. 
• Seller buy-downs, 2-1 buy-down mortgages, and assumable mortgages. 
• Why you should talk to a mortgage specialist. 

Key Takeaways:

• The interest rate on rent is ALWAYS 100%. 
• Loans are underwritten based on what you can currently afford and the process is more stringent than it was back before 2008.
• There are more lending options available than most people are aware of. 
• Do not buy a boat (or finance furniture or anything else) before the closing. This will throw off your “debt-to-income” numbers and likely affect your interest rate and/or ability to close as planned.

"Be careful. Talk to an advisor - a lender that you are comfortable with and trust." —  Curt Kessler

About Curt Kessler: Curt is a residential real estate lender who looks through the lens of an adviser. Buying and owning real estate should be looked at as part of your financial portfolio. Not a painful transaction you go through a few times in your life. With the belief that the time to buy is when it's right for you, not when others say "it's a buyers market" Curt works to ensure the mortgage product you use is right for your personal situation and story.

Connect with Curt Kessler:

Website: grarate.com/CurtKessler

Text: 312-404-2878

Book: ckessler@grarate.com

YouTube: https://www.youtube.com/channel/UCA8EFopvnDAtQuGMnD8R5AA

LinkedIn: https://www.linkedin.com/company/guaranteedrateaffinity

Facebook: https://www.facebook.com/GuaranteedRateAffinity  

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: dave@thenimickteam.com

YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.