How to Buy A Home
Robert Goof's Podcast by Robert Goof
Episode notes
Hope you enjoy the video! Consider subscribing and pressing the like button for the YouTube algorithm... I have failed to mention this in the video. So, Here are some facts on each loan. Please save enough money and do not rush into a home. There are so many unexpected expenses that you don't think about. VA loan is good because of no down payment and no Private mortgage insurance. However, they charge a large funding fee depending on your disability level. You also CAN NOT use this loan for investment properties. This loan is off the table is you have never served in the Armed Forces. FHA loan is good for 1st time homebuyers with crappy credit and a high debt to income ratio, as you can pay as little as 3% for a down payment. However though, beware that you still have to pay for PMI if you pay below a certain amount (amount depends on the lender). ...
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