First Time Home Buyer Questions - Ask a Mortgage Lender (Reddit Edition)

Answering First Time Home Buyer questions on Reddit! I spend a lot of time on r/firsttimehomebuyer and I wanted to take some of the best questions to ask a mortgage lender from real first time home buyers from there and answer them with more context from the perspective of a real loan officer. These are questions I get all the time from first time buyers and if these people on the internet have these same questions about buying their first home, I'm sure it will help you buy your first home this year, too!

Time Stamps:

0:00 - Intro
0:45 - Question about Getting a New Job
2:13 - Question about Bank Statements
4:00 - Increasing your Down Payment
4:48 - Transfers & Gift Funds
5:31 - 30 Year Fixed vs. ARM
6:35 - Real Life DTI Question
8:37 - Transitioning to Self Employment
10:04 - Outro

#firsttimehomebuyer #mortgage #realestate
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Help me get closer to my GOAL of helping 100 Families EVERY YEAR buy their first home here in California!

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Boring legal stuff:
Licensed by the California Department of Business Oversight NMLS 1410686, a Licensed Representative of American Mortgage Network NMLS 1833427 Equal Opportunity Lender. All thoughts and opinions are my own, not of my company. Any rates, terms, programs, etc. mentioned in these videos are hypothetical and are not an advertisement or promise to lend. Your actual mortgage terms might vary based on qualifications. Always consult a licensed mortgage professional in your area.

[CatonDelRosario]

Let me know what you think of this video format and if you want to see more!

[hessamstar]

Dang I found your video so randomly! This is sooo helpful!!