January 10, 2022 • 16 mins
Ben is a mortgage financing professional from Atlanta, Georgia.
He specializes in working with first-time home buyers and potential clients who may not meet the necessary qualification to get approved for traditional mortgage financing. In addition, he has a knack for teaching clients practical ways to prepare for a successful and easy home buying process and spreading financial wellness through real estate.
He shares how to determine your debt to income ratio. Provides tips for first-time homeownership for self-employed people. Finally, he breaks common misconceptions about mortgages and practices to find the best mortgage lenders.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hey, money Movers, Welcome back to Money Moves, the daily
podcast determined to give you the keys to the Kingdom
of financial stability, wealth and abundance. Our expert this week
is a mortgage financing professional from Atlanta, Georgia. He specializes
(00:23):
in working with first time home buyers and potential clients
who may not meet the necessary qualifications to get approved
for the traditional mortgage financing. In addition to that, he
is a knack for teaching clients practical ways to prepare
for a successful and easy home buying process, as well
as spreading financial wellness throughout real estate. Money Movers please
(00:44):
welcome the mortgage expert, Ben Coolaby. Hi Ben, how are you.
I'm good? How are you? Thank you for having me?
I am great and it's such a pleasure to have
you here. There is so much wisdom that I feel
like you can help to impart on our Money Moves
audience with your expertise. So let's get to it. I'm
going to dive in and ask you, um, from the
very top, how did you venture into becoming a mortgage
(01:07):
financial expert. That's a great question, Um, So I was
very fortunate enough to come from um to parents that
immigrated to the United States from West Africa Molly specifically
yep um and come into America with them not being
able to speak English or not really having in American education.
(01:29):
Entrepreneurship was really the only route that they could take. UM,
which I'm very grateful for because my dad ventured off
to become a very successful business owner and owning multiple
properties not just in the United States but also in
Africa as well. UM. And my mom was a very
successful salon owner for over twenty years. UM. Pretty much
my whole life. So UM. Coming from entrepreneurs UM. When
(01:52):
I went to college and was on on the verge
of graduating, kind of have to decide exactly, Okay, what
am I gonna do. I didn't really know what I
was going to get into, but I knew I wanted
to get into real estate. I thought I was gonna
end up being a relator. Believe it or not. Yeah,
normally that's the route that a lot of people take.
It's like, okay, well I like real estate, let me
go into being a relator. Um. But I had a
(02:14):
mentor at the time who was like, Hey, we don't
need any more relators out here. We really need um professionals,
young banking professionals, especially people of black black So, UM,
I didn't even know that was a thing. I did
not know. I was like, I just thought you'd go
to the banking you get approved or you got declined. Um.
(02:36):
They were like, no, there are people set in place
to actually help people UM qualified for these things. So
UM just started right after college, just went straight into
the industry, started working for a great company, got licensed,
and it never looked back ever since. Wow, I love
that you say that in your story really resonates with
me because I'm also, um the child of a you know,
first generation immigrant parents from West Africa as well, so
(02:58):
I understand the drive it takes when you watch your
parents come from a completely different country and come to
the United States or Canada in my case, and really
work hard to pursue their dreams and create wealth for
their family. So I love that, Um, something you said
really resonated with me because I think a lot of people,
you know, don't really connect the dots when they think about, oh,
(03:18):
I'm going to buy a home, and in order to
buy a home, I just need to have some money
and I go to the bank and it all works out.
So this piece of you know, it's like there's that
next step that sometimes people don't really understand. So can
you break down for us, how does a mortgage work
in the process of buying a home. Great, that's a
(03:38):
great question, because I think that's the major disconnect for
a lot of people in terms of being able to
buy your home. I think a lot of people think
when starting a home buying process, Okay, just go look
for a relative, and it really doesn't start there. Unfortunately,
because of the implosion that happened in two thousand and eight, UM,
there are a lot of regulations now to protect not
(04:01):
only banks, but borrowers as well um future homeowners that
that are looking to purchase the home. So the best
way to get started is educating yourself understanding the things
you need in order to be able to qualify for
a home. Because what used to happen to me before
I became kind of an educator when I got into
(04:23):
the industry was I would just kind of be an
order taker. Right. Normally, when you first come into an industry,
that's what you do. You you just take orders, You
just listen to anybody, and you just do what anybody
tells you to do. Exactly. Um. But once you kind
of get get the hang of things and you kind
of understand, Okay, I know where things are supposed to go.
I know how things are supposed to look. I was
(04:43):
able to educate people and not just be an order
taker and say, hey, you don't qualify, but I can't
tell you why you don't qualify so exactly. So the
best way to get started is to educate yourself. Know
what your credit score needs to be, right, Know exactly
how much money you'll need for down payment. Know what
your debt to income ratio needs to be. A lot
of people don't understand that that's right there, because now
(05:06):
I feel like sometimes you'll lose people. What my debt
to income ratio? Like where do I find that? Is that?
Like on the back of my credit card? Like what
is that great? So debt to income racial. The way
that we calculate it is we calculate whatever debts that
show up on your credit report. We calculate the amount
of debts the payments that you have, right, we add
(05:29):
those payments up, and we divide that by the amount
of the gross income that you make on a monthly basis,
and that brings your debt to income ratio and whatever
that brings up. That's how we determine whether you can
afford a certain amount of home because obviously what we
don't want to do is give somebody more more than
(05:51):
what they can actually more mortgage than they can actually handle, right,
exactly exactly, So, um, that's how we calculate your debts
income ratio. So that's important for people to know. Hey,
if you want to learn how to calculate your own
that's income ratio, pull up your own credit report, Go
on credit Karma, go on credit wise, pull up whatever
(06:11):
is showing on there. Take those monthly payments, add those
up together, and then divide that by your monthly gross income.
That's gonna tell you right there, that percentage at the end,
it's going to tell you what your debt to income
ratio is. If it's over, it's gonna be tough for
you to qualify for a conventional loan. Okay, okay. So
(06:33):
those are tips that people can automatically do at home,
and it's simple calculations that people just don't know. But
once you tell them, they're like, oh, had I known this,
I wouldn't have a bought that car last month. Right right,
Maybe it's like some thought into and this is part
of the piece of like financial planning and understanding how okay,
you know what, I'm not ready to buy a home
right now. I need to work on my credit and
(06:55):
this debt to finance ratio before I can really, you know,
envision myself in that five bedroom home exactly exactly. So
it's all about planning and understanding and educating yourself on
what's what's needed. So that's income ratio is another thing
also employment employment histories, we have people who are self employed.
Self employed people get it the worst, to be honest,
(07:18):
they get it so bad. But that's only because they
take advantage of being self employed in the right off
a lot of their income on their taxes. But if
you want to go to the traditional route of getting
a mortgage um while being self employed, all you have
to do is really get with a lender who understands
(07:38):
how to read those tax forms and also get with
the CPA that knows what they need to do in
order to show enough income. Or if you really aren't
in a buying and you really are trying to get
into a home, but you haven't shown a lot of
income on your previous tax returns. You also have non
traditional financing like a ban statement loan where we will
(08:00):
twelve to twenty four months of your business bank statements
and calculate the income there and just use that as
the qualifying and comfort you to qualify for a home. Wow.
I mean, it's so much more complex than you would think.
And but the topic is so important because you know,
we talk a lot on money Moves about the importance
of building wealth, generational wealth, and I feel like real
(08:21):
estate and home ownership is, you know, one of the
first ways that many of us are able to build
an asset portfolio. And so if we don't have the
tools to do this, we're sort of counting ourselves out
from the very early stages. All right, So now we
kind of have an understanding of what it takes. What
what a mortgage is. It's a way to finance UM
(08:43):
loans on a home or which essentially is an asset UM.
Talk to me about some of the misconceptions that people
have when they go to approach a mortgage. Got you. Wow,
So conceptions that people have down that is the biggest misconception,
(09:06):
and I don't know why till this day, while people
still make that mistake. Down is the biggest misconception. You
do not need down. And I've heard that everywhere. I
just thought it was blocked right. Yeah, it is a fact.
But here here's the argument that people like to even
say with me as a mortgage professional, Well, if I
don't put twenty percent down, I have to pay mortgage insurance, right,
(09:29):
mortgage insurance. So mortgage insurance is an insurance for the
lender just in case the borworth defaults on the mortgage. Yes,
so if you put down less than yes, you will
have to pay mortgage insurance. So it's mortgage insurance on
a conventional financing and is mortgage insurance premium for m
(09:51):
f h A. So like more money on my on
my monthly bells exactly, So it's actually an additional fee
on top of your monthly principle and interest taxes and
insurance payment. Yes, so you do have to pay mortgage
insurance if you put down less than but big but okay,
(10:13):
with conventional financing, the mortgage insurance will drop off after
you reach equity in the home. Yes, so the mortgage
insurance is not there forever. So people are thinking that
just one d extra two hundred dollars that I have
to pay. I'm gonna be paying it for the life
of the loan. That is not the case when it
comes to conventional finance exactly. So it's gonna drop off
(10:37):
on conventional find for f h A that that fact
is different because for f A H the mortgage insurance
premium will stay on for the life of the loan.
But here's the key. Refinance. You have to refinance because
when you refinance, the goal is to refinance out of
the f h A program into a conventional financing. That way,
(11:01):
the mortgage insurance will drop off, and that what you
could save yourself undred maybe even three hundred dollars. Question,
because I think, like you know, listening to all the
knowledge you have about mortgages and stuff, how do people
go about finding a good mortgage um expert? Because you
know real estate agent, you look at a sign, I
look at a billboard. I might pick that smiley face.
(11:24):
Maybe I'll get a referral. But oftentimes I think they
just take the mortgage broker that the real estate agent picks. UM.
What would you suggest great ways to find really talented
and caring mortgage brokers like yourself? Definitely and I'm glad
you asked that question because I actually deal with a
lot of clients who come to me and they go,
(11:44):
thank you so much, because no mortgage under actually takes
the time to work with me. Normally, they have me
just fill out an application, pull my credit, and I'll
never hear from them again. And then they come to
me and I've realized, Okay, this is the reason why
you don't qualify, and this is all they had to
tell you. I wish they would have told you, because
(12:06):
then maybe a month or two months or three months,
they're coming back and they're qualified and they're able to
get into a home. The best way, I would say,
to be able to find a lender that's really gonna
work for you, it's hopefully. I think. I can't say
that everybody is going to be able to find a
lender this way, because not everybody is around a circle
(12:27):
of people who maybe have bar homes before in the past.
But the best way is really word of out, just referrals,
because you can't trust everybody out there. Um, A lot
of my clients, my best clients, and a lot of
my clients come from word of out. Just hey, I
heard of you from a friend that I saw post
that they just bought a home and you help them
out a lot. So I really want you to help me.
(12:47):
And that's really the best way you can find lenders
out there that are willing to go out there and
really do the dirty work and help you. Um from
literally start from the ground up. Okay. And some of
the other advice that I've heard before is you actually
find your mortgage lender before you find your real estate agent,
so they prepared for it. Yes, exactly exactly, and why
(13:09):
is what? Like, why is that helpful? So finding the
lender prior to go into a relator is just gonna
save you time and honestly, it's going to save you
from being disappointed, right because I think what a lot
of people do is they go to a relator really
excited to buy a home and they're like, hey, I
want to go see this home, and a relator is
gonna say, hey, pump your brakes because a relator is
(13:29):
not gonna drive out there without knowing that you have
a pre approval in hand, knowing to make that drive
worth it. They don't want to put miles on their car,
So um, it's better for you to just go to
a lender, because what the lender is going to do
for you is one they're going to set the right expectation.
A good lender not all lenders, let me just make
that clear, because there we all want great, great help,
(13:51):
but unfortunately that's not always the case. Right. UM, you
want a lender that's really going to take the time
educate you, set the right expectations, let you know what
you need so that if and when you do qualify,
you could go out there and find the right relator
that's gonna put you in position to be successful in
the range that you qualify in, because I see a
(14:13):
lot of relators that don't do that. Um, a client
will qualify for a certain amount and then they'll go
out and hit the market and they're not successful. A
relator is really going to determine whether you can be
successful in a certain market, but a lender is going
to determine whether you can even go out and play
in that market in the first place. So it's very
(14:34):
important that you get with the great lender first before
you go out and talk to a relator and understand
the pool that you're swimming in. Yes, exactly. Then I
feel like we haven't even approached the tip of the
iceberg with you. Would you be willing to stick around
and let's do a deep dive with our Money Moves family. Awesome, Okay,
Money Movers. We're going to take a quick break and
(14:55):
be back with more of the Money Moves Podcast powered
by Greenwood, including a d die with our mortgage expert
Ben Coolabay. Thank you so much for tuning in Money
Moves audience. If you want more or a recap of
this episode, please go to Bank Greenwood dot com and
check out the Money Moves Podcast blogs. Stay tuned tomorrow
(15:15):
and every day this week. From very special Money Versus
Moves first definitely as ours. People take it in as
a first time home buyer programs and make sure they
get as much credit as they want to or from
our experts. Fixed rate mortgage means that interest rate is
fixed for the life of the loan. It is not
going to change at all. Okay now, Fixed rate mortgages
(15:37):
normally really follow the markets and a celebrity guest you
won't want to miss the multifaceted Queen Amanda Seals. The
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that allowed me the opportunity to learn that like. You
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You need discipline. Money Moves is an I heart Radio
(15:57):
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For more podcasts on I heart Radio, visit the i
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podcasts from.
Hey, money Movers, Welcome back to Money Moves, the daily
podcast determined to give you the keys to the Kingdom
of financial stability, wealth and abundance. Our expert this week
is a mortgage financing professional from Atlanta, Georgia. He specializes
(00:23):
in working with first time home buyers and potential clients
who may not meet the necessary qualifications to get approved
for the traditional mortgage financing. In addition to that, he
is a knack for teaching clients practical ways to prepare
for a successful and easy home buying process, as well
as spreading financial wellness throughout real estate. Money Movers please
(00:44):
welcome the mortgage expert, Ben Coolaby. Hi Ben, how are you.
I'm good? How are you? Thank you for having me?
I am great and it's such a pleasure to have
you here. There is so much wisdom that I feel
like you can help to impart on our Money Moves
audience with your expertise. So let's get to it. I'm
going to dive in and ask you, um, from the
very top, how did you venture into becoming a mortgage
(01:07):
financial expert. That's a great question, Um, So I was
very fortunate enough to come from um to parents that
immigrated to the United States from West Africa Molly specifically
yep um and come into America with them not being
able to speak English or not really having in American education.
(01:29):
Entrepreneurship was really the only route that they could take. UM,
which I'm very grateful for because my dad ventured off
to become a very successful business owner and owning multiple
properties not just in the United States but also in
Africa as well. UM. And my mom was a very
successful salon owner for over twenty years. UM. Pretty much
my whole life. So UM. Coming from entrepreneurs UM. When
(01:52):
I went to college and was on on the verge
of graduating, kind of have to decide exactly, Okay, what
am I gonna do. I didn't really know what I
was going to get into, but I knew I wanted
to get into real estate. I thought I was gonna
end up being a relator. Believe it or not. Yeah,
normally that's the route that a lot of people take.
It's like, okay, well I like real estate, let me
go into being a relator. Um. But I had a
(02:14):
mentor at the time who was like, Hey, we don't
need any more relators out here. We really need um professionals,
young banking professionals, especially people of black black So, UM,
I didn't even know that was a thing. I did
not know. I was like, I just thought you'd go
to the banking you get approved or you got declined. Um.
(02:36):
They were like, no, there are people set in place
to actually help people UM qualified for these things. So
UM just started right after college, just went straight into
the industry, started working for a great company, got licensed,
and it never looked back ever since. Wow, I love
that you say that in your story really resonates with
me because I'm also, um the child of a you know,
first generation immigrant parents from West Africa as well, so
(02:58):
I understand the drive it takes when you watch your
parents come from a completely different country and come to
the United States or Canada in my case, and really
work hard to pursue their dreams and create wealth for
their family. So I love that, Um, something you said
really resonated with me because I think a lot of people,
you know, don't really connect the dots when they think about, oh,
(03:18):
I'm going to buy a home, and in order to
buy a home, I just need to have some money
and I go to the bank and it all works out.
So this piece of you know, it's like there's that
next step that sometimes people don't really understand. So can
you break down for us, how does a mortgage work
in the process of buying a home. Great, that's a
(03:38):
great question, because I think that's the major disconnect for
a lot of people in terms of being able to
buy your home. I think a lot of people think
when starting a home buying process, Okay, just go look
for a relative, and it really doesn't start there. Unfortunately,
because of the implosion that happened in two thousand and eight, UM,
there are a lot of regulations now to protect not
(04:01):
only banks, but borrowers as well um future homeowners that
that are looking to purchase the home. So the best
way to get started is educating yourself understanding the things
you need in order to be able to qualify for
a home. Because what used to happen to me before
I became kind of an educator when I got into
(04:23):
the industry was I would just kind of be an
order taker. Right. Normally, when you first come into an industry,
that's what you do. You you just take orders, You
just listen to anybody, and you just do what anybody
tells you to do. Exactly. Um. But once you kind
of get get the hang of things and you kind
of understand, Okay, I know where things are supposed to go.
I know how things are supposed to look. I was
(04:43):
able to educate people and not just be an order
taker and say, hey, you don't qualify, but I can't
tell you why you don't qualify so exactly. So the
best way to get started is to educate yourself. Know
what your credit score needs to be, right, Know exactly
how much money you'll need for down payment. Know what
your debt to income ratio needs to be. A lot
of people don't understand that that's right there, because now
(05:06):
I feel like sometimes you'll lose people. What my debt
to income ratio? Like where do I find that? Is that?
Like on the back of my credit card? Like what
is that great? So debt to income racial. The way
that we calculate it is we calculate whatever debts that
show up on your credit report. We calculate the amount
of debts the payments that you have, right, we add
(05:29):
those payments up, and we divide that by the amount
of the gross income that you make on a monthly basis,
and that brings your debt to income ratio and whatever
that brings up. That's how we determine whether you can
afford a certain amount of home because obviously what we
don't want to do is give somebody more more than
(05:51):
what they can actually more mortgage than they can actually handle, right,
exactly exactly, So, um, that's how we calculate your debts
income ratio. So that's important for people to know. Hey,
if you want to learn how to calculate your own
that's income ratio, pull up your own credit report, Go
on credit Karma, go on credit wise, pull up whatever
(06:11):
is showing on there. Take those monthly payments, add those
up together, and then divide that by your monthly gross income.
That's gonna tell you right there, that percentage at the end,
it's going to tell you what your debt to income
ratio is. If it's over, it's gonna be tough for
you to qualify for a conventional loan. Okay, okay. So
(06:33):
those are tips that people can automatically do at home,
and it's simple calculations that people just don't know. But
once you tell them, they're like, oh, had I known this,
I wouldn't have a bought that car last month. Right right,
Maybe it's like some thought into and this is part
of the piece of like financial planning and understanding how okay,
you know what, I'm not ready to buy a home
right now. I need to work on my credit and
(06:55):
this debt to finance ratio before I can really, you know,
envision myself in that five bedroom home exactly exactly. So
it's all about planning and understanding and educating yourself on
what's what's needed. So that's income ratio is another thing
also employment employment histories, we have people who are self employed.
Self employed people get it the worst, to be honest,
(07:18):
they get it so bad. But that's only because they
take advantage of being self employed in the right off
a lot of their income on their taxes. But if
you want to go to the traditional route of getting
a mortgage um while being self employed, all you have
to do is really get with a lender who understands
(07:38):
how to read those tax forms and also get with
the CPA that knows what they need to do in
order to show enough income. Or if you really aren't
in a buying and you really are trying to get
into a home, but you haven't shown a lot of
income on your previous tax returns. You also have non
traditional financing like a ban statement loan where we will
(08:00):
twelve to twenty four months of your business bank statements
and calculate the income there and just use that as
the qualifying and comfort you to qualify for a home. Wow.
I mean, it's so much more complex than you would think.
And but the topic is so important because you know,
we talk a lot on money Moves about the importance
of building wealth, generational wealth, and I feel like real
(08:21):
estate and home ownership is, you know, one of the
first ways that many of us are able to build
an asset portfolio. And so if we don't have the
tools to do this, we're sort of counting ourselves out
from the very early stages. All right, So now we
kind of have an understanding of what it takes. What
what a mortgage is. It's a way to finance UM
(08:43):
loans on a home or which essentially is an asset UM.
Talk to me about some of the misconceptions that people
have when they go to approach a mortgage. Got you. Wow,
So conceptions that people have down that is the biggest misconception,
(09:06):
and I don't know why till this day, while people
still make that mistake. Down is the biggest misconception. You
do not need down. And I've heard that everywhere. I
just thought it was blocked right. Yeah, it is a fact.
But here here's the argument that people like to even
say with me as a mortgage professional, Well, if I
don't put twenty percent down, I have to pay mortgage insurance, right,
(09:29):
mortgage insurance. So mortgage insurance is an insurance for the
lender just in case the borworth defaults on the mortgage. Yes,
so if you put down less than yes, you will
have to pay mortgage insurance. So it's mortgage insurance on
a conventional financing and is mortgage insurance premium for m
(09:51):
f h A. So like more money on my on
my monthly bells exactly, So it's actually an additional fee
on top of your monthly principle and interest taxes and
insurance payment. Yes, so you do have to pay mortgage
insurance if you put down less than but big but okay,
(10:13):
with conventional financing, the mortgage insurance will drop off after
you reach equity in the home. Yes, so the mortgage
insurance is not there forever. So people are thinking that
just one d extra two hundred dollars that I have
to pay. I'm gonna be paying it for the life
of the loan. That is not the case when it
comes to conventional finance exactly. So it's gonna drop off
(10:37):
on conventional find for f h A that that fact
is different because for f A H the mortgage insurance
premium will stay on for the life of the loan.
But here's the key. Refinance. You have to refinance because
when you refinance, the goal is to refinance out of
the f h A program into a conventional financing. That way,
(11:01):
the mortgage insurance will drop off, and that what you
could save yourself undred maybe even three hundred dollars. Question,
because I think, like you know, listening to all the
knowledge you have about mortgages and stuff, how do people
go about finding a good mortgage um expert? Because you
know real estate agent, you look at a sign, I
look at a billboard. I might pick that smiley face.
(11:24):
Maybe I'll get a referral. But oftentimes I think they
just take the mortgage broker that the real estate agent picks. UM.
What would you suggest great ways to find really talented
and caring mortgage brokers like yourself? Definitely and I'm glad
you asked that question because I actually deal with a
lot of clients who come to me and they go,
(11:44):
thank you so much, because no mortgage under actually takes
the time to work with me. Normally, they have me
just fill out an application, pull my credit, and I'll
never hear from them again. And then they come to
me and I've realized, Okay, this is the reason why
you don't qualify, and this is all they had to
tell you. I wish they would have told you, because
(12:06):
then maybe a month or two months or three months,
they're coming back and they're qualified and they're able to
get into a home. The best way, I would say,
to be able to find a lender that's really gonna
work for you, it's hopefully. I think. I can't say
that everybody is going to be able to find a
lender this way, because not everybody is around a circle
(12:27):
of people who maybe have bar homes before in the past.
But the best way is really word of out, just referrals,
because you can't trust everybody out there. Um, A lot
of my clients, my best clients, and a lot of
my clients come from word of out. Just hey, I
heard of you from a friend that I saw post
that they just bought a home and you help them
out a lot. So I really want you to help me.
(12:47):
And that's really the best way you can find lenders
out there that are willing to go out there and
really do the dirty work and help you. Um from
literally start from the ground up. Okay. And some of
the other advice that I've heard before is you actually
find your mortgage lender before you find your real estate agent,
so they prepared for it. Yes, exactly exactly, and why
(13:09):
is what? Like, why is that helpful? So finding the
lender prior to go into a relator is just gonna
save you time and honestly, it's going to save you
from being disappointed, right because I think what a lot
of people do is they go to a relator really
excited to buy a home and they're like, hey, I
want to go see this home, and a relator is
gonna say, hey, pump your brakes because a relator is
(13:29):
not gonna drive out there without knowing that you have
a pre approval in hand, knowing to make that drive
worth it. They don't want to put miles on their car,
So um, it's better for you to just go to
a lender, because what the lender is going to do
for you is one they're going to set the right expectation.
A good lender not all lenders, let me just make
that clear, because there we all want great, great help,
(13:51):
but unfortunately that's not always the case. Right. UM, you
want a lender that's really going to take the time
educate you, set the right expectations, let you know what
you need so that if and when you do qualify,
you could go out there and find the right relator
that's gonna put you in position to be successful in
the range that you qualify in, because I see a
(14:13):
lot of relators that don't do that. Um, a client
will qualify for a certain amount and then they'll go
out and hit the market and they're not successful. A
relator is really going to determine whether you can be
successful in a certain market, but a lender is going
to determine whether you can even go out and play
in that market in the first place. So it's very
(14:34):
important that you get with the great lender first before
you go out and talk to a relator and understand
the pool that you're swimming in. Yes, exactly. Then I
feel like we haven't even approached the tip of the
iceberg with you. Would you be willing to stick around
and let's do a deep dive with our Money Moves family. Awesome, Okay,
Money Movers. We're going to take a quick break and
(14:55):
be back with more of the Money Moves Podcast powered
by Greenwood, including a d die with our mortgage expert
Ben Coolabay. Thank you so much for tuning in Money
Moves audience. If you want more or a recap of
this episode, please go to Bank Greenwood dot com and
check out the Money Moves Podcast blogs. Stay tuned tomorrow
(15:15):
and every day this week. From very special Money Versus
Moves first definitely as ours. People take it in as
a first time home buyer programs and make sure they
get as much credit as they want to or from
our experts. Fixed rate mortgage means that interest rate is
fixed for the life of the loan. It is not
going to change at all. Okay now, Fixed rate mortgages
(15:37):
normally really follow the markets and a celebrity guest you
won't want to miss the multifaceted Queen Amanda Seals. The
mom put me in a lot of different things, and
that allowed me the opportunity to learn that like. You
can try things and not like them and try something else.
You need discipline. Money Moves is an I heart Radio
(15:57):
podcast powered by Greenwood Executive produced by Sunwise Media, Inc.
For more podcasts on I heart Radio, visit the i
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