The 1st Time Homebuyer Show w/ Gizmo by House Rich

Use my network to find a realtor (that doesn't suck) near you https://homeandmoney.com/houserichdave/ Gizmo and I explain why the mortgage underwriting process takes so long by covering the steps in the underwriting process, the underwriting timeline and common errors that can lead to delays.   This is a show for millennial first time home buyers looking to buy their 1st home and build generat...

Giz and I talk about the CFPB looking to eliminate "junk fees" from mortgage lenders and how you can reduce them yourself my understanding how to read a loan estimate. We talk about. We also talk about common mistake 1st time homebuyer make when looking at quotes from lenders.   This is a show for millennial first time home buyers looking to buy their 1st home and build generational weal...

Gizmo and I discuss the pros and cons if first time home buyers using a mortgage broker versus a big bank or direct lender when getting a home loan.  Some of the items we cover are *seller perception *Does a mortgage broker or bank close loans quicker *Do mortgage brokers or banks have better loan programs *Common misperception *Why oversight on lenders matters This is a show for millennial first...

Giz and i discuss the 2024 USA today maintenance survey covering topics such as -annual home maintenance costs -How much homeowners spend yearly on maintenance -Hidden maintenance costs -Tips for new homeowners to reduce maintenance expenses   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way t...

Gizmo and I talk about the components of your mortgage payment (Principal, interest taxes, insurance and HOA dues) and which ones are likely to increase. What to watch out for with new construction homes when it comes to property taxes and solutions if you get into a pinch and cant afford your mortgage payment This is a show for millennial first time home buyers looking to buy their 1st home and b...

This episode is very visual here in the YouTube link to see what I’m talking about: https://youtu.be/4iNV0x8d514?si=nq6-Y0wYeny6hW03 When touring a property make sure you are examining the neighborhood around the house because you don't want to love the house but hate the neighborhood. I explore everything from tips on evaluating where your HOA money is going, accessing neighbors landscaping to ho...

Hey I'm back.   **This is kind of a visual episode, see her for the Youtube link if you want to see what I'm referring to. https://youtu.be/0XKPpThZJKg I cover things 1st time homebuyers often overlooks when touring a property. I cover what to look for inside an outside of the home from checking the gradient of the property to giving a good hard look (or smell) as to why that good smelling candle...

Things going forward

I breakdown the article from realtor.com where they list 9 cities that will provide people that move there money whether they buy a home or not.     Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   "These Places Will Pay You Tens of Thousands To M...

I breakdown president plan for the housing market as discussed during his state of the union speech.   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   During his State of the Union Address, President Biden will call on Congressional Republicans to end...

I explain the history behind squatter's rights and why they still exist today. Most people confused squatter's rights, the right of tenants and criminals that have illegal broken into a property and are abusing tenants right's to stay in the property. Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in...

I cover the impact of settlement where National Association of Realtors will pay $418 million in damages and will amend several rules that housing experts say will drive down housing costs. I cover this from the point of view of the first time home buyer and how it will impact them from a position of increased fees, a decrease in knowledge and why first time home buyer in low to moderate income co...

I cover the  @realtordotcom  article "U.S. Housing Supply Short 7.2 Million Homes" The topics covered are 03:41 The large margins for new home builders and why they can over incentives to new home buyers 04:40 Where the 7.2M deficit number comes from 06:23 Why the starter home is disappearing 08:20 Metros with the biggest deficit in single family homes "While the number of homes for...

I compared the benefits for an FHA loan versus conventional loan for 1st time homebuyers in 2024. The topics we cover are 01:33 FHA loan credit requirements 03:51 conventional loan credit requirements 04:41 Biden's loan level price adjust "hurting" those with good credit 05:21 Down payment requirements for FHA loans 06:00 Conventional loan down payment requirements 06:30 Update conve...

I provide an updated 2024 interest rate forecast for the housing market as well as examine the external factors that impact your interest rates as well as the one you can control when it comes to your interest rate.   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/ho...

I review how to get a NACA loan in 2024 by going over the NACA guidelines listed in the NACA Qualifications Workbook as well as reviewing the  NACA Homebuyer Workshop Presentation. These are the topics covered 1:35 Your 3 big questions about getting a NACA loan 2:50 NACA;s 10 steps to homeownership 3:00: Step 1 NACA workshop overview 3:17: step 2 Understanding the NACA membership portal 4:31: step...

Maybe you can call this a very special episode. But on today's episode i discuss the realization i have Asperberg's syndrome as an adult how in hindsight it impacted my life from childhood to adulthood, how it brought me to where I am today and how I plan to cope going forward.   "People with high-functioning autism/Asperger's often have difficulty with social situations, and they...

Whether you're a Veterans, Active duty service member, civilian or something in between this episode has something for you. We cover the update 2024 VA loan guidelines. Items covered are VA loans limits VA loan credit requirements VA loan residual income requirements VA loan residual income requirements What types of properties you can buy with a VA loan VA funding fees VA appraisals and more...

I discuss the bogus concept in the Marketwatch article that "Renting a three-bedroom home is cheaper than owning one in 90% of the U.S" The raw information was compiled by Attom a real-estate data analytics company that looked at single-family home prices between January and November 2023, as well as rental and wage data, for 338 U.S. counties with enough data to analyze   Looking for a...

I cover the 2024 updates for the FHA 203K rehab / renovation loan which allows first time home buyers to roll the renovation cost into their loan. The items covered are -Max FHA 203k Loan amount -FHA 203k occupancy requirements -Financing mortgage payments -FHA 203k limited loan -HUD consultant -FHA 203k Standard Loan -Rates -Who can do the repairs -Financing scenarios -The FHA 203k Process Lookin...

I help you figure out how much home you can afford on your salary. I look at a client of mine's credit, income and credit to determine what kind of home she can qualify for on her 100k salary in Dallas. You can use these tips to determine how much you can qualify for based on your personal DTI. Oh BTW there is a big difference between afford and qualify, we talk about that too. Looking for a h...

I analyze 2024 housing market predication for industry experts as well as where interest rate will go in 2024. I look at 2024 housing market predications from the Mortgage Bankers Association, CoreLogic, Fannie Mae, Redfin, Zillow and more.   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: ht...

I cover the 2024 conventional loan guidelines. This is a mini-master class for 1st time homebuyers  covers updates covering the new 2024 conventional loan limits 2024 new down payment requirements for house hacking How a gift of equity works History of Fannie Mae and Freddie mac Bidens LLPA credit updates conventional loan gift funds rules conventional loan first time home buyer requirements conve...

I discuss the CNN article concerning Navy Federal's discriminatory data. I also discuss question to ask when interviewing your mortgage lender to make sure they are a good fit for you. I also discuss 3 questions to ask your mortgage lender if your loan is denied   The largest credit union in the US has the widest disparity in mortgage approval rates between White and Black borrowers of any maj...

-The Federal Reserve held rates steady at the end of its two-day meeting Wednesday. -Many economists believe this concludes the central bank’s rate-hiking cycle, which aimed to bring down inflation without tipping the economy into a recession. -Still, the combination of higher rates and inflation has hit household budgets particularly hard. This is a show for millennial first time home buyers look...