On this episode of The Loans Elevated Podcast, Broch speaks about down payments and explains if they make a difference or not. This topic is truly at the root of what loans elevated is all about, creating wealth through real estate and understanding how to properly leverage. Broch states that there isn’t a perfectly linear answer to this question as every situation will have different circumstances and what’s right for one person may not be right for another. So should you put more money down? Broch states that generally, no, you shouldn’t. Broch explains that the fact is on mortgage financing every $1,000 you put down only saves you $5-$5.50.
🎙 Welcome to the Loans Elevated Podcast!
Your go-to source for expert insights on mortgages, real estate trends, and home financing strategies. Whether you're a first-time homebuyer, real estate agent, or seasoned investor, we break down key topics to help you make informed financial decisions.
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Hosted by:
📢 Broch Lassig, Branch Manager NMLS340314
📢 TJ Heidenreich, Sales Manager NMLS1802412
📢 Ryan King, Loan Officer NMLS1870771
Branch NMLS2048956
Equal Housing Opportunity. All loans subject to underwriting approval. Certain restrictions apply. Call for details.
CrossCountry Mortgage, LLC. NMLS3029 (www.nmlsconsumeraccess.org)
🔹 Disclaimer: The information in this podcast is for educational purposes only and not a substitute for professional financial, legal, or tax advice. Always consult with a qualified professional before making financial decisions.
