Buying a home this June? Before you fall in love with the kitchen, the backyard, or the “perfect” home office, let’s talk about the mortgage side first.
In this video, John Nagle with CMG Home Loans breaks down what buyers should know before they start house hunting. You’ll learn what a mortgage is, what may be included in a monthly payment, and why getting approved for a certain amount does not always mean you should spend that full amount.
We also cover three important numbers every buyer should understand before looking at homes:
Estimated purchase price
Estimated monthly payment
Estimated cash to close
Your mortgage payment may include principal, interest, property taxes, homeowners insurance, and sometimes mortgage insurance or HOA dues. Your cash to close may include your down payment, closing costs, prepaid taxes, insurance, and other items depending on your loan and property.
The goal is not just to buy a house. The goal is to buy a home with a payment and plan you understand. Because surprise mortgage math is not the fun kind of surprise.
Start with the mortgage conversation first so you can shop with more confidence.
Company Name: CMG Home Loans
Host: John Nagle
Brand Name: Dream Home Podcast
Company Website: https://www.dreamhomepodcast.com
Sponsor URL: https://www.cmghomeloans.com/mysite/John-Nagle
YouTube Links:
https://www.youtube.com/@DreamHomePodcast
https://www.youtube.com/@DreamHomeStrategist
https://www.youtube.com/@JohnNagleTeam
Address:
2591 Dallas Parkway, Suite 505, Frisco, TX 75034
Contact:
Phone: 214.785.6010
Email: jnagle@johnnagleteam.com
Licensing Information:
https://www.nmlsconsumeraccess.org/
Equal Housing Opportunity
NMLS Numbers:
Personal NMLS# 2137908
Corporate NMLS# 1820
Branch NMLS# 1699057
Follow John Nagle:
Facebook: https://www.facebook.com/profile.php?id=100095491900431
LinkedIn: https://www.linkedin.com/in/johndnagle/
Instagram: https://www.instagram.com/johnnagleteam/
Twitter: https://twitter.com/johnnagleteam
Licensing & Disclaimer:
The information is intended to be viewed for informational purposes only. The content contained herein is not guaranteed or endorsed by the company, or any company mentioned, nor is this content meant to be an offer of credit. The information contained in this video may not be wholly or at all applicable to every situation or jurisdiction. You are strongly encouraged to consult your professional mortgage advisor before acting upon any information in this video. The information provided is for use as a training tool only. The information is not intended, nor should it be relied upon for any other purpose.
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