HOW PROP TRADERS GET A MORTGAGE? PROP TRADERS, FOREX TRADERS & MORTGAGES - HOUSE BUYING - RATES
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- Опубліковано 27 лип 2024
- Can funded traders get a mortgage and buy a home? What are the biggest misconceptions, mistakes and key considerations? I cover my thoughts based on my experiences in this video.
I am not a qualified mortgage advisor nor financial professional. All views and topics covered are just my points of view presented in an open forum and for entertainment purposes early. All final decisions you take should be using a qualified professional in the relevant field.
Video order:
00:00 - 01:28 - Intro
01:29 - 02:18 - Key Assumptions
02:18 - 03:53 - How to know what you can get loaned
03:54 - 04:58 - What determines income?? From a lenders perspective
04:58 - 05:23 - What can you get loaned?
05:23 - 05:40 - Example of lending potential
05:40 - 05:54 - Example 2
05:54 - 06:23 - Considerations on expenses/declarations
06:24 - 07:13 - Lenders discretion to be aware of
07:13 - 08:12 - Affordability determination - key points
08:13 - 09:03 - Stress test awareness
09:04 - 10:18 - Examples of interest rate effect
10:18 - 10:57 - Your deposit
10:57 - 11:24 - Why this deposit amount? Rationale.
11:44 - 12:04 - Spending patterns and credit score
12:04 - 12:37 - What you'll need to show/prepare
12:38 - 13:10 - Spending habits checklist
13:10 - 14:03 - Credit score considerations
14:27 - 15:18 - Final considerations
#mortgages #fundedtrader #daytrader #firsttimebuyer
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FUNDING LINK - myforexfunds.com/?wpam_id=14896
USE CODE 'matt5' at checkout for 5% off your evaluation fee
PERSONAL BROKER CHOICE - fwd.cx/V7pfJ6hiCBkY
Account chosen - Standard STP
Find me:
** Business Enquiries - matt@matttomillion.co.uk
** Instagram - / matttomillion
** Mentorship - www.matttomillion.co.uk - Розваги
![FTMO TAX - Limited Company [what UK tax do you pay on FTMO with a Ltd after passing FTMO challenge?]](/img/n.gif)
Really good video, it's important that beginners know these basis strategies that can assist them with their trade career. It requires a lot, I guess many make losses due to lack of skills to handle their tradings.
Most people don't put in pre-work required for profitable trading results and that draws attention to the huge looses of investors.
True, most time you need to recognize the existence of a speculative factor and that is the duty of an expert to guide you on the right profitable stock to buy or invest in.
@Clara Alexander
Who do you trade with?
@@scottjames7285 I trade with expert Tim Taylor, he's been my mentor and account manager and under his advisory I make good trade income.
The first time I ever tried trading was in 2018, I had losses and stopped, I only started earning this year, when I got a credible broker Tim Taylor. Tim has been the one in charge of my account. I'm still learning, but I'm earning great profits weekly.
Valuable insight and advice. Some would pay $$ for this kind of content!
Glad you got something from it 🙏🙏
Def interested in limited company route
Noted - thanks for letting me know! 🙏
You don’t understand how beneficial this video was! Much appreciated, I’d be interested in the limited company route as well.
Thanks Tom - glad you enjoyed it! Noted on the LTD front too!
Such an informative video, thanks Matt!!
Glad you got something from it!
Great video Matt, thanks!
Glad you got something from it 🙏
Cheers Matt always insightful
Glad you got something from it! 🙌🙏
great video again matt, these are the conversations that forex traders need to be having! LTD route defo needed too
Absolutely! Glad you got something from it!
Lovely and unique video! Very informative!
Thanks Mona 🙏
Great stuff as usual , and defo interested in the Ltd company one as well
Great - thanks Richard!
That lighting though 🔥
😂😂
Great advice mate, thanks so much. Found your channel + love your content = a 'subscribed' from me.
Thanks Scot! Appreciate this 🙏
Great video, Keep it up
Thank you!
Great insight as always! Definitely interested in Ltd company!
Noted! Thanks Mandeep!
Such a good video Matt Its made me realise that it would be better to keep my job for a while at least once I become fully funded for a while at least
Glad you got something from it Gus!
Very interested in the limited company approach too!
Noted - thank you!
Great insight as always, thanks for taking the time to post the info, I’ve wondered how easy/hard it is to get a mortgage from prop funded business. also interested in the ltd route too.
Thanks Alistair - will definitely look at making the LTD video if there's the appetite!
@@MatttoMillion thanks man, apprectiate it. I’m yet to pass a funded challenge yet, but I was wondering when pass if I’m best to go stoke trader or ltd. I was thinking ltd unless sole trader makes it easier for mortgages etc down the line.
that's so important! would love to see a videos from you about Tax paying by funded trader in UK.
Invest in a secure platform and broker where you will not lose your funds. I'm new to trading, but I met Mr. Raini Titan here on UA-cam where he teaches people to trade forex and stocks. which he guides me with a super platform and amazing strategy. I thought it was a scam, but finally I cashed my first $ 57,000 profit last week, he is very reliable and honest, he always tells me the actual time of buying and selling with 100 profit from his one-on-one master training.....Stay bless.
His gmail address is on my username okay
Reach him for help
Matt, I would love updates on your own trading, sharing psychology that you find important per week or even updates on your other accounts would be great
The fact is, stock/crypto currency is making financial waves and fighting against poverty is this modem era,and the question is. Is this the right time to invest? Before jumping in conclusion I think you should take a look at this first.for the past few days the price of Bitcoin has been fluctuating which means the market is currently unstable and you can't tell if it is going bearish or bullish .while others still continue to trade without the fear of making lose,others are been patient.it all depends on the pattern with which you trade and also the source of your signal.i would say trading with Mr Raini has been the best 100 %
Noted! Thanks for this!
Bro..... U can find a friend's/family company 'invest' and get them to pay them to pay you a salary... Here in Asia mortgage loans need to see 3 months salary .... After that you can get your friend family to sack u due to covid restructuring... I declare 2100 salary I borrow 300k... Best don't let banks see you as risky person.... I put down 50 55 %
The fact is, stock/crypto currency is making financial waves and fighting against poverty is this modem era,and the question is. Is this the right time to invest? Before jumping in conclusion I think you should take a look at this first.for the past few days the price of Bitcoin has been fluctuating which means the market is currently unstable and you can't tell if it is going bearish or bullish .while others still continue to trade without the fear of making lose,others are been patient.it all depends on the pattern with which you trade and also the source of your signal.i would say trading with Mr Raini has been the best 100 %
I have a ltd company and have fu*ked myself over. I just tried to remortgage my current mortgage for a better deal, but because i only pay myself £900 per month (to stay under the threshold and save tax) they would only consider that and my dividends as income, so they declined me due to affordability, Even though there is cash in the company and i am the sole director. So be warned people
The fact is, stock/crypto currency is making financial waves and fighting against poverty is this modem era,and the question is. Is this the right time to invest? Before jumping in conclusion I think you should take a look at this first.for the past few days the price of Bitcoin has been fluctuating which means the market is currently unstable and you can't tell if it is going bearish or bullish .while others still continue to trade without the fear of making lose,others are been patient.it all depends on the pattern with which you trade and also the source of your signal.i would say trading with Mr Raini has been the best 100 %
Any chance for LTD approach?
Sure - I can add it to the list of people are interested!
I have been thinking of joining but for me it is too good to be true.
There are so many funding options in the market. Everyone is there to create new challenges. If all the programmes are legit i have no issues.
Unfortunately when I try to get details about these companies , I hardly find any information.
Please advise me:-
We trade markets , we research companies and management in order to invest in good companies. This is what we do all the time.
So why is there so little transparency on who is behind these programmes? What is the mgmt. structure in this company?
IS it not a legit question. This model is built on the basis of a majority failing challenge and making profit. I feel this is not about recruiting good traders.
I am not having a go at you. But I am sure you have done enough due diligence to promote this programme. What happens if prop firm goes rogue? Will you take any moral responsibility?
Hi where are you from??
I have made $ 6000 from a single trade before from Mr Raini’s signals . I don't bother trading myself and taking the risk . You can be part of these now . Chat him today
You want reach him? His gmail address is on my username okay
Hey mate, how are you? I'm thinking about joining the TRADER CENTRAL test … is it legit? Do you know anything about it?
The fact is, stock/crypto currency is making financial waves and fighting against poverty is this modem era,and the question is. Is this the right time to invest? Before jumping in conclusion I think you should take a look at this first.for the past few days the price of Bitcoin has been fluctuating which means the market is currently unstable and you can't tell if it is going bearish or bullish .while others still continue to trade without the fear of making lose,others are been patient.it all depends on the pattern with which you trade and also the source of your signal.i would say trading with Mr Raini has been the best 100 %
Where are you from
Reach out to him through the mail address on my YT username okay?
I've not tried them - but will check them out!