Navigating the Home Buying Process: Tips for First-Time Buyers | Episode 8

Pocket Change Podcast

On this episode of the Pocket Change Podcast, Kay Carroll, Director of Mortgage Sales and Services at Leaders Credit Union, talks about what a first-time homebuyer should know when navigating the homebuying process. The process of buying a home for the first time can be a daunting and overwhelming experience, especially for those who are not familiar. This podcast is dedicated to helping first-time homebuyers navigate the complexities of the home-buying process by providing valuable insights, tips, and advice from industry experts.

Highlights:

2:00-2:30 – How much down payment do you need to buy a house

5:13-6:15 - The importance of credit reports

9:44-10:32 – Understanding the mortgage lingo

11:27-12:07 – Pre-Qualifications can set you a part as a buyer

14:05-15:04 - What to look for in a realtor

17:03-17:45 – Leaders refi assurance offer

If you're ready to start the homebuyer journey, speak with a Leaders mortgage champion by visiting https://www.leaderscu.com/home-loans/champions

Learn more about all of Leaders home loan options at https://www.leaderscu.com/home-loans

*No Lender Fees Offer redeemable toward all lender fees except interest rate discount points, lock extension fees, rate re-lock fees, and prepaid daily interest due at closing. No Appraisal Cost Offer redeemable toward recipient’s actual appraisal cost or $500, whichever is less. Lender fee credit and appraisal credit will appear on final closing disclosures. To redeem offer, provide this card prior to initial loan disclosures and card expiration date. Offer only valid when all the following conditions are met: (1) the offer is redeemed by the recipient toward refinance of a first lien, owner occupied residential mortgage loan of $100,000 or more closed with Leaders Credit Union (Leaders); (2) Leaders originated the recipient’s initial purchase mortgage on the property; (3) since the recipient’s initial purchase mortgage, no subsequent refinance of the property has occurred; and (4) the recipient has made at least six consecutive payments on the initial purchase mortgage during the scheduled payment period in which they were due. Offer not valid on modification, conversion, or refinance of short-term financing, including but not limited to, construction or bridge loans. Offer may be subject to additional terms, conditions, restrictions, and product exclusions, all of which may change without notice. Offer and mortgage loans are subject to underwriting guidelines and approval. Offer may not: (a) be used in conjunction with any other down payment or cost assistance programs; (b) be combined with other Leaders offers, promotions, or incentives; (c) be transferred to another borrower; or (d) be redeemed for cash. Leaders employees are not eligible. Recipient is solely responsible for any personal tax liability arising out of this offer.