Lending with Leah

Lending with Leah

di Leah Bunning

Carriere Investimenti Come fare

Stagione 1

Getting Approved for a Mortgage When You Already Own a Home

What do you do when you already own a home, but you want to buy another one? This is a great question because there's a variety of different scenarios and each one is going to have different qualifications you must meet. In this episode I'll be covering 4 different scenarios in detail.1) Selling your current home and buying a new primary home.2) Turning your existing home into a rental property and buying a new primary home.3) Owning your current home and buying a 2nd home/vacation home. 4) Owning your current home and buying an investment property.

Are You Scared to Buy a Home???

Does the thought of buying a home scare you? Does it overwhelm you? Does the commitment of it freak you out? Does talking to a stranger about your finances cause feelings of shame? If you answered 'yes' to any of these questions you're not alone. Tara Wells, owner of the Finish Line Mindset and licensed clinical social worker, and I have an open conversation around this topic. Getting the perspective of someone who hasn't gone through the home buying process yet, and who also can provide valuable insight into big emotions like fear and shame, was a special treat.

First Time Home Buyer "FTHB"

First time home buyers are currently making up about 1/3 of people purchasing homes. The real estate and mortgage markets are difficult to understand and navigate, especially when it's your first time going through the process. In today's episode Jesse Mutarelli (branch manager at American Financial Network) and I discuss how lenders specifically work with first time homebuyers.

The Homeownership Experience

Today's episode is all about capturing the homeownership experience. Buying a home, especially the home you're going to live in, is so much more than a transaction. It's one of, if not, the biggest purchase of a person's life. Often times that purchase is laced with all kinds of emotions. In this episode Devin Cobb and I chat openly, and wholeheartedly with our previous clients, Theo and Ashley. Their story truly captures what it feels like to go through the homeownership experience.

How to Finance Different Types of Properties

Did you know, not all property types can be financed in the same way? Did you know that there's different guidelines (rules and restrictions) depending on the type of property you choose to finance? In today's episode I'm going to give you a peek behind the curtain, and go over 5 different types of properties (single family homes, townhomes, condos, multi-family homes, and manufactured homes) and the nuances that come along with getting a mortgage on each type.

So You Want to Work in the Mortgage Industry?

The mortgage industry is an amazing industry to work in. There are so many different career paths someone can take, and there's something that'll fit everyone's personality. In this episode, Charlotte Northway (loan officer and loan officer assistant) and I talk about different positions within the mortgage industry, and discuss some of the pros and cons of each.

The Homebuying Road Map

The homebuying process can be overwhelming, and often times people don't know where to start and don't know what the appropriate next steps are. In this episode Devin Cobb, realtor and CEO/founder of The White Glove Notary Network, and I give you the homebuying road map. Starting with finding the right realtor and loan officer, and ending with finding the right notary for your closing.

Shifting Market & How to Respond

The real estate market has shifted a lot since 2020, even more so in 2022, and as we get going into 2023... well, it's going to continue to shift. How is it going to shift? How do you respond to it? And is your response different if you're a seller vs. buyer? Flora Robertson and I break down the market, predictions for 2023, and how best to respond to it.

Understanding Closing Costs

When getting a mortgage you don't just have your down payment to worry about, you also have closing costs. Closing costs can be confusing and clients can get taken advantage of if they don't understand how closing costs work. In this episode I'm going to explain and breakdown 6 different types of closing costs you'll see when getting a mortgage; origination fees, third party fees you cannot shop for, escrows, escrow account set up, title fees, and recording/tax fees.

Self-Employment and Mortgages

Mortgages can be difficult to understand, and even more so when you're self-employed or a business owner. If you're self-employed and/or own a business you're going to have different guidelines you need to meet, compared to someone who's employed by a company. Thais Purdy (owner of Purdy Law) and I talk about the challenges and successes of being your own boss, and I break out 4 main pieces to getting a mortgage when you're self employed. 1) Length of self-employment 2) How is your income calculated? 3) What documents do you need? 4) Loan options if a traditional mortgage isn't right for you

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