56 - The Advanced Hack to Raise Your Credit Score and Get Extra Cash for Your Down Payment
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 19 October 2021
⏱️ 42 minutes
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Summary
You may be in doubt to push through your plan of buying your first home. But you just have to research and realize that the rent you’re paying now is already slowing things down for you. Take action now and listen to this episode to learn how to balance debt and savings! This can be a HUGE help for some first time home buyers. It's a more advanced financial formula that helps first time buyers raise their credit scores quickly, and get more money for their down payment. It's a simple tactic taking advantage of the personal loan market to help get buyers able to purchase now. If you realize that you are years away from doing it on your own and you'd be spending tens of thousands of dollars in rent while you try to reduce your debt and save for a down payment, this hack may be your answer.
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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.
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Transcript
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| 0:00.0 | Warning, warning, warning. Today's episode teaches you a hack that, yes, it can increase your |
| 0:07.4 | credit score by 100 points or more in 45 days, and yeah, you get extra money for your down payment. |
| 0:13.5 | In the example that we're going to look at today, it's an extra 20,000 bucks. Now, if you think that |
| 0:18.3 | sounds like a scam, good. That means that you're smart. Nothing in the |
| 0:24.3 | financial world can be that simple or that easy without some tradeoffs. But if you're paying |
| 0:30.5 | high rents, the math on this tradeoff might really work out for you. Time for an advanced finance |
| 0:37.3 | episode of How to Buy a Home. |
| 0:54.7 | Hey, what's good? |
| 0:56.9 | Welcome to the How to Buy a Home podcast. |
| 0:58.8 | I'm David Sidoni, and many of you know me as the man with the plan for you to buy a home. |
| 1:04.0 | And today, that plan is key. |
| 1:06.1 | If you ask most realtors and lenders, hey, I want to buy a home. |
| 1:09.7 | How do I do that? |
| 1:11.8 | Well, they're going to instantly say to you, okay, let's get you pre-approved and then we'll get your number and then we'll |
| 1:16.6 | go out there and we'll get you a home. That's it. And that means that you are literally a number |
| 1:22.9 | to them. And once again, I'd like to emphasize for all of you out there, that is the correct way |
| 1:27.5 | to use the term literally. For the love of God, stop saying you literally died, you literally |
| 1:32.2 | could eat a horse, or you literally would have sexual relations with your dessert. Unless you |
| 1:37.6 | really would, and if that's the case, hey, no judgments here, you do you. Just don't film it |
| 1:41.9 | and put it on TikTok. Nobody wants to see that. Oh, I don't know. Maybe |
| 1:45.8 | they do. Only fans? Hmm. What the hell just happened? This was supposed to be the advanced |
| 1:51.6 | episode for people looking for high level content and I went on that rant. All right. Well, |
... |
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