How to Actually Afford a Home — with Chris Bonin (New City Mortgage)
Buying a home is confusing, and most people never get the mortgage side explained to them in plain English. So I sat down with my friend Chris Bonin, owner of New City Mortgage, to break it all down. We get into what actually determines your interest rate, the real difference between each loan, how much you truly need for a down payment (spoiler: it's not 20%), and a few loan programs — including a couple of zero-down options — that most first-time buyers have never heard of. Chris also breaks down the mistakes that quietly cost buyers money, and how financing works when you build instead of buy. What we cover: What really goes into the rate you're quoted How much you actually need for a down payment FHA, conventional, USDA & VA loans — who each one is for The mistakes that cost buyers real money How a HELOC works Don't just go to your bank for your next loan. Call Chris! Financing a new build vs. buying an existing home Guest: Chris Bonin — Owner, New City Mortgage 📩 Reach Chris: newcitymortgage.com Shooting the Sheetrock is honest, no-jargon conversations with the people who build, sell, and finance homes — hosted by Jordan Muse. 🔔 Subscribe for more straight talk on building, buying, and financing homes.