Talking the Pros and Cons to homeownership.  We discuss the con/downside:  the down payment.

Harold gives some options like VA Loans (if you served in the military) requires no down payment.  And some pretty low interest rates.

What to look for in credit scores.  Great to start pre-approval way in advance in case the score needs work.

Sanderson Ford

CALLER:  Stuck in a jumbo loan and looking for refi options.  Rate was 6.2%.  Refied to 4%.  Hearing all these low 2-3% rates wants to see how to get there.    Harold explains the Conforming Loan Limit and how it could help him get a lower rate.

Downside to renting:  bad property management.  Carol Vore tells her ‘horror story’ about it.

Should you refinance, what will it cost?  When is it wise to grab a lower rate and what does the cost of refinancing to get that rate not justified to do it?

The lower interest rate might have higher closing costs.  Harold explains.

Discussion on your prequal loan and competing against cash investors on a property.

Prediction on how long these low mortgage rates will stay low.  Determining factors that may cause them to spike up.

Hot market can be frustrating for buyers having to competing with other buyers.  Jennifer’s suggestion is write a letter with your offer on why you want the home.

Harold tells a real story about how he saw that work.