Home Buying 101: Your Ultimate Guide to Purchasing in 2024-25!

In this episode, we delve into the essential aspects of mortgage loans, providing first-time homebuyers with the knowledge they need to make informed decisions. We discuss various mortgage options, including conventional, FHA, VA, and jumbo loans, explaining how each works and their benefits. You'll learn that a mortgage is essentially a loan secured by real estate, similar to car or student loans. We debunk common myths, such as the misconception that a 20% down payment is necessary to buy a home, emphasizing that conventional loans can require as little as 3% down. Tune in for valuable insights that will help you confidently navigate the home-buying process!