783.3: Home Buying Hacks: Down Payments, Financing, and Home Insurance w/Chris Hutchins

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 27 June 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Part 3: Struggling to buy in this expensive housing market? In part three of our home buying hacks series with Chris Hutchins (from All the Hacks), you’ll learn why down payments AREN’T as big as you think, why working with a mortgage broker may be the best move to make, what lenders want to see before they pre-approve you, and home insurance tips to make sure you’re protected during a disaster. In This Episode We Cover: Debt-to-income requirements and what lenders want to see when you apply for a loan Using a mortgage broker vs. a direct lender (and which will get you a better rate) Home insurance 101 and how to protect your property for less money The math behind buying a house (and why it beats renting in the long run) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Past BiggerPockets Podcast Episodes Mentioned: How to Start with $10K House Hacking Tax Benefits Hear Chris on The "BiggerPockets Money" Podcast “All the Hacks” Episodes Mentioned: Insurance Net Fulfillment Over Net Worth Tune Into the “All the Hacks” Podcast Connect with Chris Chris email Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-783-3 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome back to our three-part home buying hack series where we are giving away all the hacks at every stage of the home buying process.
0:06.5	We are here with Chris Hutchins, host of the excellent podcast, All the Hacks.
0:10.7	So in our last segment, we broke down insider secrets for listing, inspection, and due diligence.
0:15.5	Now we'll get into the financials, why down payments aren't as big as you think,
0:19.5	what lenders want to see before they pre-approved you, home insurance tips, and why you should not wait to buy.
0:25.5	Alright, let's get into it.
0:27.0	Alright, and a quick word from today's show sponsors.
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	...

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