I think its a good product if you know how to use it. i’m interested to see how long it takes to get out of it (refinance) without coming out of pocket. For example there is down payment assistance with some FHA new build lenders, but you cant pay off the loan early (i.e. via a streamline refinance) or you would have to pay back a percentage of the down payment assistance out of pocket. This locks people into a loan (at a high interest rate) with that particular bank. At the end of the day lenders need money. So they’re going to come up with ways to expand the consumer base and survive. I’m down for it but as MG said, do your due diligence. Don’t just look at how you will enter the product, think about the exit.
I was out at UWM when they announced this program. FUN FACT: I talked to my UBER driver from Detroit to Pontiac about real estate and mortgage and he follows MG the mortgage guy. People sometimes get us confused with the similiar names... LOL
I think #1 stunna is saying it looks like a desperate move by the lenders to get more people in homes. I remember the 106% finance loans around the time of the last housing crash. .....hmm
Hi MG, I do like the content you put out and thank you for educating your peoples. Nevertheless as a Christian the profanities that you use subtracts from your professional presentation and I was wondering if you could be mindful that you have a diverse audience and some of your listeners feels some kind of way when you curse. Thanks
no because NACA is no pmi, no downpayment and no closing cost and lower intrest rate(not the lowest around but lower than most). NACA is unfortunately hard to deal with it but hands down the best mortgage product available
Hey MG, first off great videos that you be putting out. I have a question are there multiple first-time home buyer programs you can utilize together to purchase a home for the first time? How many Cincinnati Ohio and I just spent the last few years working on my credit to get to the point to where I can purchase a home for the first time.
@ukprince4544 That's not exactly accurate. They have a net worth so high that it allows them to keep a cushion to cover their losses in case a business deal goes bad. The average person does not have a high net worth. If a business deal goes bad, they are financially runied - in many cases permenantly ruined.
Programs with down payment assistance have always been around and have NEVER put the economy in a dumpster?! Use programs that work for YOU. Ask questions and do the due diligence. Realtor in Dallas, TX area 😉
I think its a good product if you know how to use it. i’m interested to see how long it takes to get out of it (refinance) without coming out of pocket. For example there is down payment assistance with some FHA new build lenders, but you cant pay off the loan early (i.e. via a streamline refinance) or you would have to pay back a percentage of the down payment assistance out of pocket. This locks people into a loan (at a high interest rate) with that particular bank.
At the end of the day lenders need money. So they’re going to come up with ways to expand the consumer base and survive.
I’m down for it but as MG said, do your due diligence. Don’t just look at how you will enter the product, think about the exit.
I literally just got this program introduced to me by a mortgage broker here in Dallas, TX.
Thank God for the forward button. It's a 10 minute max
I was out at UWM when they announced this program. FUN FACT: I talked to my UBER driver from Detroit to Pontiac about real estate and mortgage and he follows MG the mortgage guy. People sometimes get us confused with the similiar names... LOL
Hey Matt you have the nicest speaking voice. Thanks for the information you send !
Totally looking for that first live stream now. Progress ✅
I think #1 stunna is saying it looks like a desperate move by the lenders to get more people in homes. I remember the 106% finance loans around the time of the last housing crash. .....hmm
Hi MG, I do like the content you put out and thank you for educating your peoples. Nevertheless as a Christian the profanities that you use subtracts from your professional presentation and I was wondering if you could be mindful that you have a diverse audience and some of your listeners feels some kind of way when you curse. Thanks
I'll try my best to limit the profanity 🙏🏽
🙄🙄🙄
@@1mochadelightable I second the 🙄🙄...lol
@@Mgthemortgageguy keep cussing..lol
Real world people curse 😂
Yes
Hello!
Realtor in SC
Is this better than Naca
no because NACA is no pmi, no downpayment and no closing cost and lower intrest rate(not the lowest around but lower than most). NACA is unfortunately hard to deal with it but hands down the best mortgage product available
New York City
I’m a NYC real estate agent
Matt You Look Guud Man you look Good O K ICU❤
What is LTV?
Loan to Value
Mortgage Broker
Sounds almost like NACA Loans
Yes
Ur whole face is changing with ur weight loss. Good job
Thank you 🙏🏽
Hey MG, first off great videos that you be putting out. I have a question are there multiple first-time home buyer programs you can utilize together to purchase a home for the first time? How many Cincinnati Ohio and I just spent the last few years working on my credit to get to the point to where I can purchase a home for the first time.
Can you clarify if is individually or together your income has to meet the AMI requirements?
This is a real gamechanger for real!!!
What about new construction
If you have no money, maybe it's not wise to be buying a home..
Agreed. In jersey over 3k mortgage payments. Choose wisely.
The wealthy💰 don’t use their own money to purchase…they invest it💯
@@ukprince4544 u said it, the wealthy.
@ukprince4544 That's not exactly accurate. They have a net worth so high that it allows them to keep a cushion to cover their losses in case a business deal goes bad. The average person does not have a high net worth. If a business deal goes bad, they are financially runied - in many cases permenantly ruined.
Matt, we’re going to need a fitness channel!
Coming soon
Yes
Matt, why I keep hitting the subscribe button when I was always a subscriber? Is something wrong with the channel?
I don't y'all real estate folks realized that people are not buying these over price home.
Can you flip houses w this loan?
No
@@thepeopleslenderI knew it.
I am currently with PHH mortgage...I would do anything to be in the 0% Mortgage Program. Please advice and thank you!
Programs with down payment assistance have always been around and have NEVER put the economy in a dumpster?! Use programs that work for YOU. Ask questions and do the due diligence. Realtor in Dallas, TX area 😉
👇🏽The wealthy💰 don’t use their own money to purchase…they invest it💯
I'm not taking any loan.
But don't become house rich and cash poor
Thanks for all you do! 💥🔥❤️💪🏿🙏🏿🙏🏿
Atlanta Realtor here! ❤
Mortgage Broker
no
Those lenders they sell your mortgage to other lenders
Realtor here from NV! 🎉
Mortgage broker able to lend in all 50 states
Please send info
Can you please drop your contact information?
I need to get in the academy
mgmortgageacademy.com/
Damn Matt on that ozempic! 😂
Nope I'm on eating clean and working out 5-6 days a week.
@@Mgthemortgageguy I’m just joking we know you’re putting that work in ✊🏾
Mortgage Broker