The 2 Things Your Buyer Must Know BEFORE Making an Offer
Episode notes
Mortgage Mike Helps | The 2 Things Your Buyer Must Know BEFORE Making an Offer
Link to YouTube Video Episode: https://youtu.be/3_W_5YRYoio
Are your buyers ready to make an offer? Before anyone signs a real estate contract, they must know these 2 things:
1️⃣ What their monthly mortgage payment will be
2️⃣ How much cash they'll need at closing
In this quick but crucial video, mortgage experts Brendan and Mike Riley break down the biggest mistakes buyers make before going under contract—and how to avoid them. Too often, buyers skip the math and lose the deal. Don't let that happen to you or your clients!
Whether you're a first-time homebuyer, realtor, or just getting started with the homebuying process, this video will help you make smarter, more confident decisions.
For more expert mortgage tips, visit mortgagemikehelps.com
Subscribe for the latest videos from Mortgage Mike Helps on Youtube @rileyteammortgageloans
00:00 – Meet Brendan & Mike Riley: Your Mortgage Experts
00:03 – What Every Buyer Must Do Before Going Under Contract
00:09 – The 2 Crucial Numbers Every Buyer Needs
00:22 – Why Everything Boils Down to Monthly Payment & Cash to Close
00:30 – Fixed Rates & Prepayment Penalties vs What Really Matters
00:52 – Real Story: "I Can't Afford This Payment!"
01:00 – Why Contracts Fall Apart Without These Numbers
01:10 – Rejected Offer? It Follows to the Next Home
01:27 – Seller Concessions & Customizing Cash to Close
01:38 – The Surprising Gap in Buyer Follow-Up
01:52 – Why It's Critical to Involve Your Lender Early
02:00 – Older Homes & Insurance: What Buyers Often Miss
02:12 – Final Tip: We'll Run the Numbers So You Can Buy with Confidence
📞 Ready to get pre-approved or run your numbers? Contact us today—we'll do the math for you!
📧 Email Us: mike.riley@supremelending.com
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