How to Finance a Home (Even If You Don’t Have Excellent Credit or 20% Down)

Diabetes Digital Podcast by Food Heaven

Wendy Lopez, Jessica Jones

Health & Fitness, Nutrition

4.9 • 2.4K Ratings

🗓️ 3 August 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

INTERESTING FACT: I got a new construction loan to build @jewelcrestjoshua with absolutely NO money down (not even closing costs). While being able to take on a project like this does require an incredible about of privilege (good credit, having a decent proof of income, being able to spend countless hours navigating the system, cash reserves for permits, etc), I would have never realized that something like this could be done without a 5 or 6 figure downpayment. Did you know that you DON’T need a 20% downpayment to secure a home loan? Or that the government will lend you money to buy a multifamily investment property. In today’s episode, we demystify how to secure a mortgage even if you don’t have excellent credit or 20% down. In today’s episode, we chat with Matthew Garland (@mgthemortgageguy), licensed mortgage broker and Division Manager at United Northern Mortgage Bankers on all things home loans. Be sure to tune in! In This Episode We’ll Cover: With the market, and the economy right now, should we even be buying a house right now How much should we be saving for a down payment FHA vs conventional loans How to find the best financing programs & MORE 3 Ways You Can Support This Podcast: Rate Review Support our sponsors using our unique ‘HOOKUP’ codes here: https://foodheavenmadeeasy.com/hookup/ HOOKUP Codes: Head to sproutliving.com and use code FOODHEAVEN for 20% off your order Soundtrack your summer with Sonos at Sonos.com For our resources and show notes, visit foodheavenmadeeasy.com/podcast. ________ Resources: Matt’s Instagram Matt’s Podcast Produced by Dear Media See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	The following podcast is a deer media production.
0:03.0	Hi, I'm Wendy.
0:04.1	And I'm Jess, and you're listening to the Food Heaven podcast.
0:07.0	Your online resource for inclusive and accessible wellness.
0:10.3	Real Estate.
0:23.2	We see it everywhere, especially now.
0:25.0	I'm seeing all these like real estate TikTok videos.
0:28.7	Yeah, I mean, when you share them, there's a lot of actually, there's a lot of misinformation
0:33.8	on real estate.
0:34.8	If people make it see easier than it is, people make it seem like a get rich quick scheme.
0:39.6	And we thought that it would be really important to talk about this with someone who's actually
0:45.2	an expert and has years in the game, 19 years to be exact, our guest, Matthew Garland.
0:52.4	Matthew has over 19 years in the mortgage industry and more than a billion funded in home
0:57.5	loans.
0:58.5	He is a top advisor and leader in the mortgage industry and he is specifically a mortgage
1:04.1	broker.
1:05.1	So he's a perfect guest to chat about how to finance a home.
1:08.4	Yeah, we had so many questions for him from interest rates rising.
1:14.5	And is this the right time to buy a home?
1:17.0	We talk about that.
1:18.6	Talk about percentage down that people should be putting.
1:21.4	Should you put down the lower percentage?
	...

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