More Than Mortgage podcast

30:45

In this episode of More Than Mortgage, host Dave Gallegos and his daughter Jacalyn Forleo discuss the intricacies of the mortgage process, the importance of understanding client motivations, and the challenges faced by first-time home buyers. They emphasize the significance of building relationships in the mortgage industry, navigating misconceptions about home buying, and the necessity of financial literacy. The conversation also highlights the importance of early home ownership and the long-term benefits of equity in real estate. Episode Highlights: 00:00 Introduction to More Than Mortgage 01:12 Understanding Consumer Financial Health 03:42 Challenges in the Mortgage Process 06:20 The Importance of Face-to-Face Interaction 09:00 Realistic Expectations for Home Buyers 12:06 The Role of Social Media in Home Buying 14:48 Building Wealth Through Home Ownership 17:25 Financial Literacy and Debt Management 20:34 Advice for First-Time Home Buyers 23:14 Conclusion and Key Takeaways…

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Demystifying Homeownership: Expert Tips for First-Time Buyers with Ryan Pettigrew 19:19

11 weeks fa19:19

19:19

In this episode of More Than Mortgage, host Dave Gallegos discusses the intricacies of homeownership and financial management with expert loan officer Ryan Pettigrew. They explore the importance of understanding mortgage qualifications, the need for tailored financial strategies, and the common misconceptions that first-time home buyers face. The conversation emphasizes the significance of equity in long-term financial planning and the value of seeking advice from knowledgeable sources rather than relying on outdated or incorrect information. The episode concludes with encouragement for potential home buyers to start their journey towards homeownership, regardless of their timeline.…

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Transforming Your Financial Future 25:51

17 weeks fa25:51

25:51

In this episode, Dave Gallegos discusses strategies for flipping the balance sheet on your financial life, by cutting costs and increasing income. He emphasizes the need for individuals to live beneath their means, analyze their expenses, and marshal all their resources to achieve their financial goals. Dave also shares some of his favorite books from his own library, and the necessity of investing in oneself to achieve financial success. Episode Highlights: 00:00 - Introduction and Milestone Celebration 02:34 - Living Within Your Means and Avoiding Excessive Spending 06:29 - Analyzing Income and Expenses 10:09 - Adding Income Opportunities 13:05 - Exploring Additional Income Opportunities and Support 16:36 - The Importance of Financial Literacy and Education 18:43 - Making Lifestyle Adjustments and Investing in Yourself 22:59 - Conclusion: Striving for Financial Peace and Balance Episode Resources: Think and Grow Rich by Napoleon Hill - https://a.co/d/fwaMbUG The Richest Man in Babylon by George S. Clason - https://a.co/d/0j1LDCP The Miracle Morning by Hal Elrod - https://a.co/d/aFRlyu2 The Compound Effect by Darren Hardy - https://a.co/d/d7JM3GJ The Simple Path to Wealth by JL Collins - https://a.co/d/fJPT0jw The Algebra of Wealth by Scott Galloway - https://a.co/d/8CG9LIs…

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Prioritize to Maximize 18:25

22 weeks fa18:25

18:25

In this episode, Dave Gallegos discusses the importance of achieving financial balance through effective management of credit, spending, debt, saving, and investing. He shares personal anecdotes, including his son's journey to homeownership, and emphasizes the need for individuals to prioritize their finances, cut unnecessary expenses, and explore ways to increase their income. The conversation provides practical strategies for listeners to take control of their financial situation and work towards a debt-free future. Chapters 00:00 Introduction: Achieving Financial Balance 01:50 Chapter 1: Prioritizing Your Finances 03:50 Chapter 3: Living Within Your Means 08:30 Chapter 4: Generating Extra Money 11:30 Chapter 5: Increasing Income 15:20 Chapter 6: Adopting Common Sense Financial Practices 17:30 Conclusion: Taking Control of Your Finances…

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You Should Have Perfect Credit Part 2 23:48

26 weeks fa23:48

23:48

In this episode, Dave Gallegos dives deep into how you can go from wherever you find yourself to sparkling credit in a relatively short period of time. Dave breaks down the individual stumbling blocks and how to handle them, late payments, judgements, liens, collections, even Bankruptcy. Tune in to learn why having perfect credit isn't just a lofty goal—it's an attainable one that can significantly impact your financial future. 00:00 - Introduction 02:00 - No One Cares About Your Credit as Much as You Do 03:05 - Dealing with Derogatory Credit Items 06:05 - Late Payments 09:30 - You Get What You Give 11:15 - Consistent Late Payments 13:30 - Collections 15:45 - Judgements & Liens 17:25 - Why Your Credit Score Matters 18:45 - Bankruptcy…

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You Should Have Perfect Credit 16:19

28 weeks fa16:19

16:19

In this episode, Dave Gallegos emphasizes the importance of maintaining an excellent credit score and how surprisingly easy it can be to achieve. Dave breaks down simple, actionable steps to keep your credit in top shape, highlighting how good credit opens doors to better financial opportunities, lower interest rates, and more favorable loan terms. Tune in to learn why having perfect credit isn't just a lofty goal—it's an attainable one that can significantly impact your financial future. 00:00 - Introduction 01:15 - Getting into a Great Position Financially 02:45 - Excellent Credit Makes Everything Easier 04:35 - How are You Going to Get There 06:00 - Never Pay Anything Late Again 07:15 - It’s Easy to Borrow the Money 09:00 - It’s Easy to Set Up Autopay 12:10 - How You Use Your Credit 14:35 - Up Next…

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You Can Become a Homeowner 28:22

30 weeks fa28:22

28:22

In this empowering episode, Dave Gallegos assures listeners that homeownership is within reach for anyone with the right preparation. Dave outlines the essential steps to get ready for buying a home, from building a solid credit score to saving for a down payment and understanding your budget. He also sheds light on what banks are looking for when approving a mortgage, offering insider tips to help you meet those criteria. Tune in to learn how to navigate the path to becoming a homeowner, with Dave's expert guidance making the journey smoother and more attainable. 00:00 - MTM Introduction 00:40 - The Fundamentals of Financial Health 01:25 - Nothing Has Really Changed 02:45 - No One Owns a Time Machine 04:40 - The Economic World is Very Different 06:45 - Not JUST the Financial Benefits of Home Ownership 07:25 - So, How Do You Do It? 09:00 - The Good News 11:25 - What Mortgage Lenders Look At 13:30 - It’s An Intimidating Process 15:45 - #1 Will You Pay? 18:15 - How Does The Bank Know? 19:55 - No More Late Payments 22:45 - Dealing With Negative Credit Reports 23:40 - Pay Down & Pay Off As Much Debt as Possible 24:00 - OptOutPrescreen.com 26:30 - Everyone Should Have Financial Balance in Life…

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Should Buying a Home Require Sacrifice 23:03

32 weeks fa23:03

23:03

In this compelling episode, Dave Gallegos dives into the question begged by every op-ed about tue difficulty of buying a home: Should buying a home require sacrifice? Dave explores the rising expectations that have accompanied or perhaps driven a rise in prices. It’s a reframing of the issue meant to encourage & educate anyone on the home buying journey. Tune in to gain a clearer perspective on what it truly takes to achieve the dream of homeownership without the rose colored glasses of memory. 01:30 - The Present Always Seems Harder 02:50 - Should It Be Easy to Buy a House? 03:30 - Mom & Dad’s First Home 06:10 - The Second House 09:25 - It’s Never Been Easy to Buy a House 11:25 - Comparing Yourself to Everyone’s Highlight Reel 14:00 - A Luxury Experienced, Becomes a Necessity 17:25 - Home Prices are Never Going to Be Lower Than They are Today 19:00 - Everyone Should Be Educated About What To Expect Buying a Home 20:15 - Now Is the Time to Make Your Plan 20:45 - Realizing The American Dream…

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Did Boomers Have It Easier Buying Their First Homes? 18:35

34 weeks fa18:35

18:35

In this insightful episode, Dave Gallegos tackles the question of generational financial differences. Dave compares the housing market conditions faced by Baby Boomers to those confronting today's first-time homebuyers. He explores factors such as interest rates, home prices, income levels, and economic conditions, providing a comprehensive look at the generational differences. Join Dave as he unpacks whether the older generation truly had an advantage and what lessons can be learned for navigating the current housing market. 00:50 - The Difference Home Ownership Makes 01:45 - “No, Boomers Didn’t Have It Easier Than Millennials Buying Their First Home” 05:30 - The Real Numbers 07:05 - New Ways To Spend Money 10:55 - Capitalism Changed the Narrative 13:05 - Boomers Didn’t Have the Options…

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Your Interest Rate Is Not As Important as You Think 17:27

36 weeks fa17:27

17:27

In this thought-provoking episode, Dave Gallegos challenges the common belief that interest rates are the most crucial factor in your financial decisions. Dave explains why focusing solely on interest rates can be misleading and shares what truly matters when it comes to managing your finances. By diving into the bigger picture, he helps listeners understand the broader financial strategies that can lead to long-term stability and success. Tune in to discover why your interest rate might not be as important as you think and what you should prioritize instead. 00:15 - The Good News 01:05 - The Bad News 03:05 - Advice for Homeowners With Consumer Debt Load 06:00 - The Interest Rate for a Mortgage Is the Least Important Thing About the Mortgage 08:00 - Household Blended Debt Rate Analysis 12:25 - The Debt Service Matters the Most 15:00 - A Sensitive Subject…

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Here is the Secret to Financial Abundance 15:41

38 weeks fa15:41

15:41

In this transformative episode, host Dave Gallegos reveals the secret to achieving financial abundance. Dave introduces listeners to a simple, yet powerful formula for financial success that anyone can follow. He also highlights the invaluable insights from JL Collins' acclaimed book, "The Simple Path to Wealth." This episode is packed with practical tips and strategies that demystify the journey toward wealth, making financial freedom an achievable goal. Tune in to discover how straightforward the path to financial abundance can be! 01:10 - The Goal is Financial Abundance in Your Life 01:45 - Keeping Up with the Jones’ 03:15 - It’s a Secret You All Know 05:10 - Spend Less Than You Make, Avoid Debt, Invest the Difference 06:15 - The Simple Path to Wealth - https://a.co/d/5I6oiXn 08:05 - Where Consumption Comes From 09:40 - This Affects All Ages 10:30 - It’s a Simple Plan 12:55 - It Doesn’t Have to Be Complicated 13:45 - Why Wait on Investments?…

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Sounding the Alarm on BNPL 10:48

40 weeks fa10:48

10:48

In this eye-opening episode, Dave Gallegos sounds the alarm on the increasingly popular Buy Now, Pay Later (BNPL) platforms. Dave delves into the hidden details and potential pitfalls that make BNPL options a risky choice for consumers. He breaks down how these seemingly convenient payment plans can lead to debt accumulation, affect credit scores, and entice shoppers into overspending. Join Dave as he provides the crucial insights you need to understand before clicking 'buy' on your next online purchase, ensuring you're informed and protected from the hidden dangers of BNPL. 00:30 - Dave Wants You to Know What No One Taught Him 01:20 - All of Us Are Capable of Creating Financial Balance 02:40 - The Buy Now Pay Later “Scheme” 03:50 - The Fine Print on Buy Now Pay Later 05:05 - No Regulation = The Wild West 05:50 - Consumer Reports Investigation 07:55 - If You Can’t Pay Now, You Can’t Afford It 09:00 - Don’t Miss the Details of the Deal…

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Getting Started on Your Financial Balance Journey 15:42

42 weeks fa15:42

15:42

A journey of a thousand miles starts with one step and in this enlightening episode, host Dave Gallegos takes you through the first steps of a journey to achieve financial balance. He breaks down the five fundamentals necessary for a stable financial future and provides a practical roadmap for prioritizing the essential steps you need to take. Whether you're just starting out or looking to recalibrate your financial strategies, Dave's expert insights will guide you toward a more balanced and prosperous financial life. Tune in to start your journey to financial balance and freedom! 00:50 - 5 Fundamentals to Financial Balance 01:55 - Keeping Up with the Neighbors 03:00 - Dave Ramsey 03:40 - Emergency Fund 05:30 - Paying off Consumer Debt 09:05 - Spending Review 10:00 - Cut Subscriptions 10:40 - Eating Out 11:25 - Retirement Savings 12:25 - Attacking Your Debt 13:45 - Deciding You Want a Financially Balanced Life…

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More Creative Ways to Spend Money 18:03

44 weeks fa18:03

18:03

In this intriguing episode, host Dave Gallegos takes a deep dive into the psychology of spending and the concept of 'Fear Of Missing Out' (FOMO). Dave explores how we often justify extravagant spending on non-essential items that don't contribute to our financial freedom, under the illusion of 'missing out.' However, rather than assigning blame, he uses this episode to help listeners reassess and realign their spending priorities. By offering practical advice and strategies, Gallegos encourages listeners to make more informed financial decisions that can lead to greater financial freedom and stability. This episode is a valuable resource for anyone looking to better understand their spending habits and work towards financial independence. 00:55 - The Downside of Buy Now Pay Later 02:15 - No One Cares as Much About Your Finances as You Do 03:00 - Creative Ways to Spend Money 04:45 - The TOTAL Expense of Your Mobile Phone 05:45 - Subscription Models 07:00 - Over the Top Celebrations 09:40 - Bachelor/Bachelorette Parties 10:59 - Destination Weddings 11:35 - It’s Just About Your Priorities 12:15 - Gender Reveal Parties & Babymoons 15:00 - Choices Based on FOMO 16:15 - Spend Less Than You Make = Financial Freedom…

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Spending and the Buy Now Pay Later Trend 22:14

46 weeks fa22:14