Mortgage Expert: 4 Red Flags First Time Home Buyers Must Avoid

Comments · 200

• NA

  @NathanUdomsri · 4 months ago (edited) · pinned

  Want more Guidance? Book a free call: <a href="https://house.lurnlending.com/guidanceyt">https://house.lurnlending.com/guidanceyt</a><br>Download your Free Homebuyer Readiness Roadmap👉 <a href="https://quiz.lurnlending.com/ytd/20260517">https://quiz.lurnlending.com/ytd/20260517</a>

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• LO

  @loveblue2 · 4 months ago

  As a first time buyer, I appreciated that my lender advised me at closing to expect the supplemental tax bill. &nbsp;I was surprised though, when they tried to force me to pay it out of pocket rather than from escrow. <br><br>I kept pushing back, arguing that part of what escrow is for is money set aside for property taxes, regardless of the type. &nbsp;<br><br>My lender finally allowed the escrow payment.

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• JA

  @janetsparks9136 · 4 months ago

  Seems like there’s a lot of entities that want folks to lose their home …. Hmmmmmm

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• PD

  @pdoan5331 · 3 months ago

  Don&apos;t rush. Buying home is like finding a mate.

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• MW

  @mw66683 · 4 months ago

  Tech workers cannot predict what&apos;ll happen to them in 36 months.

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• GE

  @geo4239 · 4 months ago

  Paying rent on your property in what is supposed to be free country is insanity

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• TE

  @Telcomvic · 4 months ago

  I worked at the phone company for 40 years and 3 times during that time the company moved the office I was working in further from my house. What started as a 20 min commute ended in over an hour commute.

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• EL

  @elizabethlibero1878 · 3 weeks ago

  I think a lot of people got stuck when they had to go back to the office after covid. &nbsp;People bought far away since they were working from home. &nbsp;You give excellent advice especially that maintenance fund. &nbsp;Thank you!

• AR

  @arteztx · 1 month ago

  Appreciate all the insight good sir!!!

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• GO

  @GoldenLink87 · 3 months ago (edited)

  That stupid supplemental tax payment got me... I hate taxes especially california... so much truth in this video. He nailed each red flag.

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• HE

  @Hedge_Haven · 4 months ago

  Thank you! Full-STOP. Period. Homes are too expensive.

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• KA

  @katalytically · 3 months ago

  Before I went out and looked for homes to buy, I first determined what I could comfortably pay on a mortgage, calculated what size loan that would work out to, then I looked for homes in that price range. I was told I could qualify for a loan that was 50% higher, but I stayed with the amount I calculated, which worked out because there was a down turn in the economy and my employer reduced work hours which meant that my income was reduced for more than 2 years. I was able to pay my comfortable mortgage payment, but it was tighter than I liked. If I had purchased a more expensive home I would not have been able to make the payment during those two years. I am happy that I chose to go with the lower priced home rather than buying the biggest home I could qualify for.

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