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Money Guy Show

10 Things to Know Before Applying for a Mortgage

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 22 May 2015

⏱️ 45 minutes

🧾️ Download transcript

Summary

Applying for a Mortgage
Remember our rent vs. buy debate discussed in previous episodes of The Money-Guy Show? While that episode covered the arguments for and against both renting and buying, it didn't take a deep dive into the actual process of financing a home. Today, Brian and Bo look at the ins and outs of applying for a mortgage and cover what you need to know before you borrow money.

Transcript

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0:00.0

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:07.0

investing, taxes.

0:09.0

You've got financial questions, he's got financial answers.

0:12.6

It's Brian Preston, the money guy.

0:15.3

Oh, you're an apology.

0:17.9

I have no idea what this is for, but I will certainly take it, what you got for me.

0:22.8

Here's the problem.

0:23.8

I mentioned to you over the weekend a bunch of different articles on buying homes, mortgages.

0:30.5

I know we did a show where I basically bullied you into why you should buy home because

0:34.5

your wife was pregnant.

0:36.2

But I didn't feel like we talked enough about the mortgage side of it.

0:39.8

So I probably did send you six or seven articles on the myths about using mortgages as

0:46.2

well as mistakes that people make when they go and they do financing, whether it's a

0:50.5

refinance or purchase.

0:52.9

So I sent all that to you.

0:54.0

And they were good.

0:55.0

They weren't short art.

0:56.0

They're good, pretty in depth.

0:57.0

A lot of meat in there, read through them really.

0:58.6

I enjoyed them.

0:59.6

Well, but I had a, I had a kind of a, I was at a crossroads with, I noticed in the last

1:05.0

two or three shows, we'd gone through some checklist whether it was the five things,

...

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