Is net worth factored into the maximum loan amount a lender assigns to you? For example, if you inherited some money that you’ve put into investing. Or, is the maximum loan amount primarily based on income and debt ratio?
This is very helpful, but as a first time buyer I might need more help. lol will my fiancé and I don’t plan on moving Seattle area until another two years from a different state. We both haven’t done this before. We are currently renting and our lease doesn’t end until 2024. We signed up for a two year since we wasn’t planning on moving just yet due to funds, especially from moving hawaii to there.
Let's get together sometime! We can go over everything in more detail and specificity. Send me and email or just grab a spot on my calendar: www.ahomeinseattle.com/schedule
@@ahomeinSeattle Thanks, I love the video, so creative. But there are terms and concepts that I just didn't understand. I'm a complete novice though so I wouldn't expect all the videos to be made to suit every level of understanding. Probably be about 8 hours long if you did. :)
Talk to me! Just sign up for a housing consult and we'll talk about meeting up with a lender for pre-approval and setting up search criteria for the perfect house. Even if you're a ways out, its worth it to do the work and research now.
I found out that my Realtor not only represented me as the seller, but ended up representing the buyer as well. I don't think that's right. Even though it's done all the time, I think it represents a conflict of interest as this Realtor got the whole 6% and I kept thinking that maybe I could've got more for my home. I felt like he knew ahead of time that he had a buyer at the price he told me to list my home at, and I thought the whole thing was a bit sneaky and just wanted to make a quick sale/profit. I'm in California...
While technically dual agency is legal in some states, I think it’s super shady. It’s definitely a conflict of interest, I’m sorry you had that happen.
Can you get a pre-qualification without affecting your credit score to see what your estimated purchasing power is, before you commit to the pre-approval?
I would go ahead and apply to get the most accurate numbers. Julie told me that the hit on your credit score is negligible. But if you want to explore a little bit more casually I like nerd wallet's calculators: www.nerdwallet.com/mortgages/how-much-house-can-i-afford/calculate-affordability
Great info! Real info! Love the content!!
Love this! We felt so supported by your expertise and knowledge when we were working with you to buy our condo. Alex is the best realtor everyone!
You're the best Holly!
Great content from a fan in North Seattle. Would love to see some content, or housing tours/ comparisons in Northgate, Lake City, Greenwood!
Thank you for making these videos. They’re very informative and helpful. :)
Is net worth factored into the maximum loan amount a lender assigns to you? For example, if you inherited some money that you’ve put into investing. Or, is the maximum loan amount primarily based on income and debt ratio?
You should confirm with a lender, but it’s primarily based on income vs debt. A windfall is good for putting towards your down payment.
This is very helpful, but as a first time buyer I might need more help. lol will my fiancé and I don’t plan on moving Seattle area until another two years from a different state. We both haven’t done this before. We are currently renting and our lease doesn’t end until 2024. We signed up for a two year since we wasn’t planning on moving just yet due to funds, especially from moving hawaii to there.
Let's get together sometime! We can go over everything in more detail and specificity. Send me and email or just grab a spot on my calendar: www.ahomeinseattle.com/schedule
Does monthly debt include credit card statement total that you pay off in full every month?
If you pay it off every month it should not count towards total debt.
I need an explainer video to get me up to speed with this explainer video. Legend.
🤣 This video was an epic undertaking because there are so many parts to talk about! How do you think I should break it down further?
@@ahomeinSeattle Thanks, I love the video, so creative. But there are terms and concepts that I just didn't understand. I'm a complete novice though so I wouldn't expect all the videos to be made to suit every level of understanding. Probably be about 8 hours long if you did. :)
Could you please let us know what we would need to do before starting to look at a house.
Talk to me! Just sign up for a housing consult and we'll talk about meeting up with a lender for pre-approval and setting up search criteria for the perfect house. Even if you're a ways out, its worth it to do the work and research now.
Super helpful video!! I just found your channel yesterday and binged everything :D. Thanks for all the info.
Damn, the whole process really does sound like a scam when you see their nice ass offices lmao
I swear I’ve watched this like 20 times. I’m still saving up for my down payment. 2022 hopefully I’ll have enough
Way to go! Keep it up.
I found out that my Realtor not only represented me as the seller, but ended up representing the buyer as well. I don't think that's right. Even though it's done all the time, I think it represents a conflict of interest as this Realtor got the whole 6% and I kept thinking that maybe I could've got more for my home. I felt like he knew ahead of time that he had a buyer at the price he told me to list my home at, and I thought the whole thing was a bit sneaky and just wanted to make a quick sale/profit. I'm in California...
While technically dual agency is legal in some states, I think it’s super shady. It’s definitely a conflict of interest, I’m sorry you had that happen.
so fun!
Can you get a pre-qualification without affecting your credit score to see what your estimated purchasing power is, before you commit to the pre-approval?
I would go ahead and apply to get the most accurate numbers. Julie told me that the hit on your credit score is negligible. But if you want to explore a little bit more casually I like nerd wallet's calculators: www.nerdwallet.com/mortgages/how-much-house-can-i-afford/calculate-affordability
I Love this!
This was very helpful!!