Do NOT Wait To Buy A House
Stop data brokers from exposing your personal information. Go to my sponsor https://aura.com/jebsmith to get a 14-day free trial and see how much of yours is being sold Should you Buy Now or Wait until for a Housing Market Collapse? With the housing market picking up again, sellers staying put and interest rates bouncing all over the place, many first time home buyers are wondering when is the right time to buy a house? In this video, we discuss what you need to consider in the current housing market along with housing affordability to help you in deciding if you should buy a house in 2024. ⏩ Do NOT Buy A House – https://youtu.be/vMCAkRl0740 ⏩ Do NOT Buy A House With This ISSUE – https://youtu.be/J2E9FSndeIU HOME BUYER RESOURCES: 🏠 – First Time Home Buyer Course – http://www.becominghomewise.com ✅ – Work Directly with My Team (Mortgage and Real Estate Nationwide) – http://www.jebsmith.net/referral Connect with me 👇 Jeb Smith (huntington beach Realtor/orange county real estate) DRE 01407449 Real Broker #housingmarket #firsttimehomebuyer #realestate source
Refinancing Made Easy | Key Savings Tips Revealed
HOME BUYER RESOURCES: 🏠 – First Time Home Buyer Course – http://www.becominghomewise.com ✅ – Work Directly with My Team (Mortgage and Real Estate Nationwide) – http://www.jebsmith.net/referral 📧- Sign Up For My Free Newsletter – https://bit.ly/48LJJp3 Connect with me 👇 Jeb Smith (huntington beach Realtor/orange county real estate) DRE 01407449 Real Broker #housingmarket #firsttimehomebuyer #realestate source
How Seller Commissions Affect Home Prices Explained
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Here’s Why Your Mortgage Payment INCREASES AFTER You Buy A House
Housing Will Continue To Get More Expensive which means Your Housing Payment Will Continue To Increase Over Time. Do NOT Max Out your Budget When Buying A House, otherwise you could be setting yourself up for financial disaster! ⏩ The Housing Market Is Finally SHIFTING – https://youtu.be/Kp9Yc9tb8ho HOME BUYER RESOURCES: ✅ – Work Directly with My Team (Mortgage and Real Estate Nationwide) – http://www.jebsmith.net/referral 🏠 – First Time Home Buyer Course – https://bit.ly/4clhsse ✅Subscribe to my local newsletter – https://bit.ly/48LJJp3 🎙- The Educated Home Buyer Podcast – @TheEducatedHomebuyer Spotify – https://open.spotify.com/show/3Ho4sTORqrLYlkBwWUkSBA Apple – https://podcasts.apple.com/us/podcast/the-educated-homebuyer/id1611226020 Connect with me 👇 Jeb Smith (huntington beach Realtor/orange county real estate) DRE 01407449 Real Broker ➡I N S T A G R A M ➳ https://www.instagram.com/jebsmith ➡T I K T O K ➳ https://www.tiktok.com/mrjebsmith #housingmarket #firsttimehomebuyer #realestate source
Higher Inflation Will Lead To Higher Mortgage Rates
CPI just came in HOT pushing inflation higher than than expected dashing hopes that the Federal Reserve will be able to cut interest rates anytime soon. Consumer prices rose 3.5% from a year ago in March, more than expected which is putting pressure on bonds likely sending mortgage rates higher in the short term. Should you buy now or wait? In this live episode, we are going to discuss the latest regarding inflation, the Federal Reserve, as well the latest employment and economic data while helping you understand how that affects you as a buyer or seller in the 2024 housing market. ⏩Housing Affordability Is Getting WORSE – https://youtube.com/live/JW6CiiB-248 ⏩ Don’t WAIT | The COSTS To Buy A Home Is Going Up – https://youtube.com/live/jofZBwhHZZg ⏩The Housing Inventory Will Grow 40% In 2024- https://youtube.com/live/snGBpZ2Tv8I Tonight’s Slides – Coming Soon HOME BUYER RESOURCES: 🏠 – First Time Home Buyer Course – https://bit.ly/4clhsse ✅ – Work Directly with My Team (Mortgage and Real Estate Nationwide) – http://www.jebsmith.net/referral 🆘 – Join Our First Time Home Buyer Community – https://bit.ly/3TVHGKs 📧- Sign Up For My Free Newsletter – https://bit.ly/48LJJp3 🎙- The Educated Home Buyer Podcast – @theeducatedhomebuyer Spotify – https://open.spotify.com/show/3Ho4sTORqrLYlkBwWUkSBA Apple – https://podcasts.apple.com/us/podcast/the-educated-homebuyer/id1611226020 YouTube – http://www.youtube.com/@theeducatedhomebuyer Want to Connect with me 👇 Jeb Smith (huntington beach Realtor/orange county real estate) DRE 01407449 Coldwell Banker Realty ➡I N S T A G R A M ➳ https://www.instagram.com/jebsmith ➡T I K T O K ➳ https://www.tiktok.com/mrjebsmith ➡Local Youtube Channel ➳ https://www.youtube.com/@livinginhuntingtonbeachca source
How to Take Advantage of the Current Real Estate Market
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What You Need to Know About Compensation as a Buyer’s Agent
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NEW FHA Loan Requirements 2024 – Mortgage Insurance – FHA Loan 2024
Are you a first time home buyer interested in buying a house using an fha loan in the 2024 housing market? What are the most recent FHA loan requirements for 2024? What credit scores do you need? How long do you need to be employed? How much downpayment does FHA require? What are the pros vs cons of FHA Loans? In this video, we are going to discuss the 2024 FHA Loan Requirements, answer some common questions around mortgage insurance when doing an FHA loan and show you how to do some basic FHA calculations to calculate your monthly payments. ⏩ – How much can you afford with an FHA Loan? – https://youtu.be/Y28z5i1aBeY ⏩ – NEW FHA Loan Requirements 2024 – https://youtu.be/CApGLR5u6j0 RESOURCES: ✅ – Work Directly With My Lending Team or Realtor Referral Partners – http://www.jebsmith.net/referral 🏠 – First Time Home Buyer Course – http://www.becominghomewise.com 🎙- The Educated Home Buyer Podcast – Spotify – https://open.spotify.com/show/3Ho4sTORqrLYlkBwWUkSBA Apple – https://podcasts.apple.com/us/podcast/the-educated-homebuyer/id1611226020 Other FHA videos you may find Helpful: How to calcuate PMI on a FHA Loan – How to get rid of PMI – FHA Loan 2024 – https://youtu.be/1UDea_zyhqM Comparing Monthly Payments on FHA vs Conventional Loan – First Time Home Buyer – https://youtu.be/DrqAbTJ0cf8 NEW 2024 FHA LOAN LIMITS – https://www.hud.gov/press/press_releases_media_advisories/HUD_No_23_265 Low Cost Areas: One-unit: $498,257 Two-unit: $637,950 Three-unit: $771,125 Four-unit: $958,350 High Cost Areas: One-unit: $1,149,825 Two-unit: $1,472,250 Three-unit: $1,779,525 Four-unit: $2,211,600 FHA Approved Condo List – https://entp.hud.gov/idapp/html/condlook.cfm FHA County Loan Limits – https://entp.hud.gov/idapp/html/hicostlook.cfm What is an fha loan? An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. ➡ What is fha mortgage insurance? Mortgage insurance is a policy that protects lenders against losses that result from defaults on home mortgages. FHA requires both upfront and annual mortgage insurance for all borrowers, regardless of the amount of down payment. ➡ What is the current upfront mortgage insurance premium for fha loans? The UPMIP is currently at 1.75% of the base loan amount. This applies regardless of the amortization term or LTV ratio. ➡ How do you calculate the monthly mortgage insurance premium for an fha loan? Purchase Price x Percent of Amount Financed x 1.0175 x .0055 / 12 Example Below using a $350,000 purchase price putting 3.5% down: $350,000 x 96.5 = $337,750 $337,750 x 1.0175 = $343,660 $343,660 x .0055 = $1,890.13 $1,890.13 / 12 = $157.51/ month FHA loan 2024 requirements ✅FICO® score at least 580 = 3.5% down payment. ✅FICO® score between 500 and 579 = 10% down payment. ✅MIP (Mortgage Insurance Premium ) is required. ✅Debt-to-Income Ratio less than 57%. (Actually you can go much higher than this) ✅The home must be the borrower’s primary residence. ✅Borrower must have steady income and proof of employment. FHA Videos You May Find Helpful: ➡FHA Loan Qualifications – First Time Home Buyer – FHA Loan 2024 – https://youtu.be/1SC6WgAJ2yk ➡FHA Pros and Cons – First Time Home Buyer – FHA Loan 2024 – https://youtu.be/fOWjRGQmKDM ➡Buying a home using FHA – First Time Home Buyer – FHA Loan 2024 – https://youtu.be/8KCzd8GPH_w I hope you appreciate this update on fha loans for first time home buyers for the housing market 2024 california as well as this real estate market update from your local Huntington Beach Real Estate Realtor, Jeb Smith. Please let me know your thoughts below: what are your predictions for the housing market 2024 forecast and the housing market 2024 california? After watching this video, do you believe you should be buying a home this year or if now is the best time to sell a house? Do you believe a house market crash 2024 or real estate bubble will happen? If so, why? What are your thoughts on the Orange County real estate market and the potential real estate crash for orange county real estate? Jeb Smith (Huntington Beach Realtor/orange county real estate) DRE 01407449 Coldwell Banker Realty I N S T A G R A M ➳ https://www.instagram.com/jebsmith ➡T I K T O K➳ https://www.tiktok.com/mrjebsmith ➜➜➜ SUBSCRIBE FOR MORE VIDEOS ➜➜➜ To never miss a video about personal finance & real estate related topics, please subscribe to my channel & then hit the bell notification here ➜ https://goo.gl/NZB1S6 #HousingMarket2024 #RealEstate #FHA source
Do THIS Before Refinancing Your Mortgage
Before you refinance and have HUGE regrets, make sure you avoid these crucial mistakes. What things do you need to consider when refinancing? How do you know if it’s the right time to refinance? How much is it costing you to refinance your loan? How did I refinance with no closing costs? In this video, we answer all of those questions as well as discuss the things you need to consider and when it actually makes sense to refinance your mortgage. Do NOT refinance your mortgage until you’ve watched this video. ⏩ Mortgage Refinance Explained – Refinance 101 -https://youtu.be/vAq_Gz1aCHY ⏩ 5 Mistakes to AVOID when refinancing – https://youtu.be/en2vD13t37A HOME BUYER RESOURCES: ✅ – Work Directly with My Team (Mortgage and Real Estate Nationwide) – http://www.jebsmith.net/referral 🏠 – First Time Home Buyer Course – https://bit.ly/4clhsse ✅Subscribe to my local newsletter – https://bit.ly/48LJJp3 🎙- The Educated Home Buyer Podcast – @TheEducatedHomebuyer Spotify – https://open.spotify.com/show/3Ho4sTORqrLYlkBwWUkSBA Apple – https://podcasts.apple.com/us/podcast/the-educated-homebuyer/id1611226020 Connect with me 👇 Jeb Smith (huntington beach Realtor/orange county real estate) DRE 01407449 Real Broker ➡I N S T A G R A M ➳ https://www.instagram.com/jebsmith ➡T I K T O K ➳ https://www.tiktok.com/mrjebsmith #housingmarket #housing #interestrates source
Why the Market is Struggling for Homes Under One Million Dollars
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