#7 Homebuyers don’t always get the support they need in preparing to buy a house. Today, we sit down with mortgage expert Manny Pozas, co-founder of The Mortgage Group, to discuss key considerations and common misconceptions for first-time homebuyers, including costs that are often overlooked or misunderstood such as private mortgage insurance (PMI) and homeowners associations (HOAs). Learn why homebuying isn't just about the down payment, but includes crucial elements like understanding the true costs beyond mortgage payments, navigating property taxes and insurance, and the three critical contingencies that protect homebuyers. Manny shares his personal story of confusion when buying his first condo (due to industry professionals failing to properly educate him) and how it inspired him to help others avoid the same mistakes. Now with 6 years in the lending industry, he uses his professional experience to break down complex concepts. We discuss the value of homeownership in establishing financial security and highlight how leveraging debt can speed up the process of building generational wealth. Every first-time homebuyer needs to listen to this comprehensive guide before making the biggest purchase of their life.
Connect with Manny:
Website - https://themortgagegroup.net
Instagram (for Manny) - https://www.instagram.com/mortgagesbymanny/
Instagram (for The Mortgage Group) - https://www.instagram.com/the.mortgage.group/
Free Newsletter: Download my money management plan and financial vision board template (for FREE) when you sign up.
FFJ Coaching: Want 1-on-1 support to pave your path to financial freedom? Book a call with me.
Send a Message with your money question or topic suggestion.
YouTube: Prefer video or closed captions? Subscribe to watch episodes and more. You can also read transcripts here.
Instagram: Follow and connect with us.
Leave a Review: We’d really appreciate it if you’d leave a rating, or write a review (scroll to the bottom and tap “Write a Review”).
Tools: Try our favorites.
Disclosure: I may earn a commission if you use my affiliate links, at no additional cost to you.
Disclaimer: This content is for general informational, educational, and entertainment purposes only, and it is not financial, tax, investment, or legal advice.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.