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Debunking the myths of buying a home
Manage episode 318632031 series 3299525
Контент предоставлен "YOUR REALTOR" Giovonnia. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией "YOUR REALTOR" Giovonnia или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.
Sometimes the conversation you have with yourself is your worst enemy and you start to wonder if it's a waste of time. Get out of your head. Discipline and accountability is a valuable tool. Set realistic goals Set a date to achieve your goal. Steps to tackle debt: Look at your existing budget and make the necessary adjustments. Start a savings account. limit unnecessary purchases. Research debt management consolidation. Pay off debt by contacting debtors and negotiate debt payoff amount. Employment earning, consider a second part job. Take action to improve your situation: Get more hours at work, ask for a raise or find a side hustle. Knowledge is power: Order your credit report and score from Equifax, Trans union and Experian.(Know this information) Defer payment or lower payment amount of student loans and other debt. Do the research for different loan options: Retain a Realtor to help you navigate this process stress free. Benefits: Wealth building while leaving an inheritance for future generations, Homeownership interest rates are at historic lows. Buying a home is significantly more beneficial than continuing to rent. Listen, listen up, home buyers don’t wait any longer.!!! Do the research: It's your future so do the work. Set yourself up for success. 1st time homebuyers option: Grant programs for first-time homebuyers are available in Florida cities. This program provides down payment assistance and/or closing cost assistance in a variety of forms, including grants, zero-interest loans, and deferred payment loans. Individuals who have not held ownership in a principal residence in the three-year period are considered a 1st time home buyer. USDA Rural Loan mortgage option for rural and suburban homebuyers. Issued by qualified lenders and guaranteed by the United States Department of Agriculture (USDA).Lenient eligibility requirements and competitive interest rates because the loans are guaranteed by the USDA. FHA- A popular government-backed home loan in the country. guaranteed by the Federal Housing Administration. VA Loan offer Veterans, Service Members and select military spouses guaranteed by the U.S. Department of Veterans Affairs. No down payment, No Private Mortgage Insurance, competitive interest rates, relaxed, credit requirements, closing Cost Limits, lifetime benefit, no prepayment penalties. Equity is your friend the more home equity means the more money you can borrow from for a second mortgage in the form of a home equity loan. Property taxes are deductible on your tax return. Appreciation of value means your home increases in value over time Equity is the difference between what you owe on your mortgage and what your home is currently worth. Tip: How to build home equity by making additional principal payments whenever possible. Equity can increase in two ways as you pay down your mortgage, the amount of equity in your home will increase and if the value of your home jumps. Use the equity when you sell your current home and move up to a larger home. (Look at this as a starter home). Here’s a breakdown: Principal is borrowed money borrowed. It's factored into your monthly payment and paid off throughout the life of your loan. Interest is the percentage of the principal paid over the life as a fee for lending the money. *Pros: Homeownership mortgage is a fixed rate vs. renting the possibility of ever increasing amount owed. You give permission to become a homeowner. The only difference between where you are and where you want to be is the steps you haven’t taken yet. I leave you with this takeaway: Your dream home is out there!!: Let's start preparing for a place to call home. Please subscribe and comment to I KONNECT The American Dream Homeownership.
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16 эпизодов
Manage episode 318632031 series 3299525
Контент предоставлен "YOUR REALTOR" Giovonnia. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией "YOUR REALTOR" Giovonnia или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.
Sometimes the conversation you have with yourself is your worst enemy and you start to wonder if it's a waste of time. Get out of your head. Discipline and accountability is a valuable tool. Set realistic goals Set a date to achieve your goal. Steps to tackle debt: Look at your existing budget and make the necessary adjustments. Start a savings account. limit unnecessary purchases. Research debt management consolidation. Pay off debt by contacting debtors and negotiate debt payoff amount. Employment earning, consider a second part job. Take action to improve your situation: Get more hours at work, ask for a raise or find a side hustle. Knowledge is power: Order your credit report and score from Equifax, Trans union and Experian.(Know this information) Defer payment or lower payment amount of student loans and other debt. Do the research for different loan options: Retain a Realtor to help you navigate this process stress free. Benefits: Wealth building while leaving an inheritance for future generations, Homeownership interest rates are at historic lows. Buying a home is significantly more beneficial than continuing to rent. Listen, listen up, home buyers don’t wait any longer.!!! Do the research: It's your future so do the work. Set yourself up for success. 1st time homebuyers option: Grant programs for first-time homebuyers are available in Florida cities. This program provides down payment assistance and/or closing cost assistance in a variety of forms, including grants, zero-interest loans, and deferred payment loans. Individuals who have not held ownership in a principal residence in the three-year period are considered a 1st time home buyer. USDA Rural Loan mortgage option for rural and suburban homebuyers. Issued by qualified lenders and guaranteed by the United States Department of Agriculture (USDA).Lenient eligibility requirements and competitive interest rates because the loans are guaranteed by the USDA. FHA- A popular government-backed home loan in the country. guaranteed by the Federal Housing Administration. VA Loan offer Veterans, Service Members and select military spouses guaranteed by the U.S. Department of Veterans Affairs. No down payment, No Private Mortgage Insurance, competitive interest rates, relaxed, credit requirements, closing Cost Limits, lifetime benefit, no prepayment penalties. Equity is your friend the more home equity means the more money you can borrow from for a second mortgage in the form of a home equity loan. Property taxes are deductible on your tax return. Appreciation of value means your home increases in value over time Equity is the difference between what you owe on your mortgage and what your home is currently worth. Tip: How to build home equity by making additional principal payments whenever possible. Equity can increase in two ways as you pay down your mortgage, the amount of equity in your home will increase and if the value of your home jumps. Use the equity when you sell your current home and move up to a larger home. (Look at this as a starter home). Here’s a breakdown: Principal is borrowed money borrowed. It's factored into your monthly payment and paid off throughout the life of your loan. Interest is the percentage of the principal paid over the life as a fee for lending the money. *Pros: Homeownership mortgage is a fixed rate vs. renting the possibility of ever increasing amount owed. You give permission to become a homeowner. The only difference between where you are and where you want to be is the steps you haven’t taken yet. I leave you with this takeaway: Your dream home is out there!!: Let's start preparing for a place to call home. Please subscribe and comment to I KONNECT The American Dream Homeownership.
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16 эпизодов
Все серии
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I KONNECT
The American Dream Homeownership
1 Eye opening knowledge of Natural disasters quest documentary film director and producer George Siegal 38:02
Hello and thank you listeners for tuning into I KONNECT weekly podcast "YOUR REALTOR" and host Giovonnia with Coldwell Banker Realty and Welcome Director George Siegal Author, producer and documentary film producer of "Last house standing documentary"Thank you for coming on toI KONNECT. The American Dream of homeownership "Bridging the gap of homeownership"Guest George comment questions. How critical it is to build to our local environments and why that isn't happening now? Talk about the film and community awarness. Host comment:* Flood zone? Figure that out is on a FEMA flood map. The map shows each community's risk of flooding,including specific flood zones and their boundaries. Simply enter your address on the flood map to pullup a record of your area. Zone A & AE- A special flood hazard area and requires you to have flood insurance when you have a loan. Zones A & AE often represent inland flooding risks. Host comment FYI:* Building code standards for Pensacola :: inspections@cityofpensacola.com. Host:* What does hurricane insurance cover in Florida? It covers wind damage and storm surge Hurricane insurance is separate from your regularhomeowner's insurance policy – it's a rider that you must purchase separately. Florida requires all homeowners to carry hurricane insurance if they live in a hurricane-prone area. Host:* Understanding your builders quatity of your sturcture: Ask the builer for a high standards and what is their standards, skill set and during the building this process? Guest: *Emergencey plan and b eproactive? Gather Emergency Supplies A. Gather food, water, and medicine Go-Kit: 3 days of supplies that you can carry with you. Stay-at-Home Kit: 2 weeks of supplies. Have a 1-month supply of medication in a child-proof container. Keep personal, financial, and medical records safe. Coorindate and make a list of items and documents to pack ahead of time. Host:* What does the government have to do with hurricanes? The Federal government, led by the Federal Emergency Management Agency (FEMA),responds at the request of, and in support of, States, Tribes, Territories, and Insular Areas and local jurisdictions impacted by a disaster. Host:* Know your risk level in the area you leave in? Does Pensacola have Flood Risk, yes? There are 4,088 properties in Pensacola that havegreater than a 26% chance of being severely affected by flooding over the next 30 years. 24% of all properties in Pensacola.Host: *. Hire an inspector too assest your home inventory before the storm and the aftermath damges. Host: Rebuilding codes: The Florida Building Code (FBC) Standards designed by the Florida Building Commission for the construction of buildings in the US state of Florida. Many regulations and guidelines distributed are important benchmarks regarding hurricane protection .Host:* Coping with a Disaster or Traumatic Event: Mental Health During and after a disaster, it is natural to experience different and strong emotions. Coping with these feelings and getting help when you need it will help you, your family, and your community recover from a disaster. Connect with family, friends, and others in your community. Take care of yourself and each other, and know when and how to seek help .Host/Guest comment: NOTE: I pose this question to the audience? Will your home last through the storm? Closing: I leave you with this take-away: The American dream homeownership is obtainable with understanding the process of becoming a homeowner and maintaing your home during nautural diasters. Thank you George Siegal for creating and brining awarness to this audience from the docmentary of "Last man standing".…
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Thank you for joining me, audience for part one series day 1 thru 5 your realtor and host Giovonnia Williams with Coldwell Banker Realty of I KONNECT, The American Dream podcast "Bridging the gap of homeownership” " Trouble selling your home?...I can help!....Before list! Start with a positive mindset and set goals for the challenge. I look forward in your participation in the Q & A section of this podcast. I welcome your participation in this declutter challenge poll section of the podcast. Let's begin decluttering one room at a time. Assess each item and decide whether it's worth keeping or not. If it requires repair, set it aside for later evaluation, old, faded costume broken jewelry, mismatched, or you never wear, toys kids, baby clothes no longer use or they no longer fit, extra plastic bottles, random empty jars and containers. Old store loyalty cards, old puzzles, games you don’t play, CDs you don’t listen to, movies you no longer watch, old computer programs, dead batteries, broken electronics, old or broken, cordless, mobile phones, extra cords/cables you don’t need, snacks you don’t like or eat, cookware you don’t need or have multiple cookbooks you don't use, specialty tea or coffee you don’t drink. Continue decluttering room by room. Focus on discarding items that are broken, damaged beyond repair, or no longer useful to you, bag,. up these items for disposal. Mismatched socks, torn tights, worn out leggings, old undergarments. Old/broken shoes, old slippers, purses and bags/backpacks you no longer use, old wallets. Used up candles, empty candle votives, used up lighters, extra lighters, pajamas you don’t wear, sweatpants you don’t feel cute in excess or old workout clothing. Review your progress and make any necessary adjustments. Take note of any areas that still need attention and tackle them during these days. Tune back in on July 25th for day 6-1o in your declutter challenge.…
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Thank you for joining me, audience for part one series day 1 thru 5 your realtor and host Giovonnia Williams with Coldwell Banker Realty of I KONNECT, The American Dream podcast "Bridging the gap of homeownership " Trouble selling your home?...I can help!....Before list! Start with a positive mindset and set goals for the challenge. I look forward in your participation in the Q & A section of this podcast. I welcome your participation in this declutter challenge poll section of the podcast. Begin decluttering one room at a time. Assess each item and decide whether it's worth keeping or not. If it requires repair, set it aside for later evaluation, old, faded costume broken jewelry, mismatched, or you never wear, toys kids, baby clothes no longer use or they no longer fit, extra plastic bottles, random empty jars and containers. Old store loyalty cards, old puzzles, games you don’t play, CDs you don’t listen to, movies you no longer watch, old computer programs, dead batteries, broken electronics, old or broken, cordless/mobile phones, extra cords/cables you don’t need, snacks you don’t like or eat, cookware you don’t need or have multiple cookbooks you don't use, specialty tea or coffee you don’t drink. Continue decluttering room by room. Focus on discarding items that are broken, damaged beyond repair, or no longer useful to you. Bag up these items for disposal. Mismatched socks, torn tights, worn out leggings, old undergarments. Old/broken shoes, old slippers. Purses and bags/backpacks you no longer use old wallets. Used up candles, empty candle votives, used up lighters, extra lighters, pajamas you don’t wear sweatpants you don’t feel cute in excess or old workout clothing. Review your progress and make any necessary adjustments. Take note of any areas that still need attention and tackle them during these days. Tune back in on Jule 25th for day 6-10 declutter challenge. Thank you listener, I am signing off Your Realtor, Giovonnia Williams, “Bridging the gap of homeownership”…
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Please enjoy this introductory trailer: Thank you for joining me in this conversation audience your realtor and host Giovonnia Williams with Coldwell Banker Realty of I KONNECT, The American Dream podcast "Bridging the gap of homeownership " Trouble selling your home? I can help!.... Before list! Join in on this 10-Day Declutter Challenge for Home Sellers and Buyers is a great way to prepare your home for sale or streamline your new space after purchasing a home. This challenge starts July 15 and ends 25th, 2023. This challenge involves assessing your belongings and deciding whether to repair, discard, or give them away. Here's a suggested plan for this challenge: Let's make it a family affair and get the children involved. Stay tuned in for part one of this two-part series: I look forward to your participation in the Q & A and the poll section of this declutter challenge I KONNECT "The American Dream, homeownership" podcast. I am signing off for now thank you listening audience.…
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Hello and Thank you Listeners for tuning in to I KONNECT weekly podcast "YOUR REALTOR" Giovonnia with Coldwell Banker Realty Welcome to the The American Dream homeownership "Bridging the gap of homeownership while leaving an inheritance for future generation" *Why pre approval matters: This is the first step in any home search in finding out exactly which home you can afford and securing the financing to make the purchase. While you can get a rough estimate through the prequalification, taking the extra step to obtain pre-approval will give you some added advantage. PRE-APPROVAL HELPS YOU: Understand your financial condition. Know exactly how much home you can afford before you begin your home search. Strengthen your purchasing power when making an offer. THE PRE-APPROVAL PROCESS: Here are some documents that you will need to provide your lender to get the pre-approval process started. INCOME . Current pay stubs, usually for the last two months. . W-2s or 1099, usually for the last two years. . Tax returns, usually the last two years. *ASSESTS . Bank statements . Investments/brokerage firm statements . Net worth of business owned (if applicable) *DEBTS . Credit card statements . Loan statements . Alimony/child support payments (If applicable0 MAKING AN OFFER: * There are many factors that influence the market value of a home. Your agent will give you the insight and information you need to make an offer you're comfortable with. Here's some factors to consider include. . How long the home has been on the market. . If the price has been reduced. . How much the home is worth through a Comparable market analysis (CMA) showing the list and sale price for similar homes in your area. . If there are multiple offers. . Other items that might be included in the sale( furniture, hot tub, etc). .The list to sale price ratio, an indication of how competitive the market is for homes in a particular area. . Why is the seller selling? . Whether the seller is offering an assumable loan or financing. . Once the offer is written, your agent will present it to the seller agent. At that point the seller can accept your offer or reject your offer, or counter offer it to start the negotiation process. . Your agent will work with you to plan a strategy to ensure the most advantageous terms and acceptable pricing for you and your budget. In closing: I leave you with this take-away: The American dream homeownership is obtainable with understanding the process of becoming a homeowner. Your dream home is out there!!: Let's start preparing for a place to call home. "Old keys won't open new doors, when you want different, you have to to start moving different" *Please subscribe, submit to "YOUR REALTOR" Giovonnia your questions & comments on I KONNECT. Thank you for listening and stay tuned for part two of this episode.…
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USDA Home Loans are issued by qualified lenders and guaranteed by the United States Department of Agriculture (USDA). Favorable to those living in rural or low-income areas. USDA Loans offer $0 money down, lenient eligibility requirements and competitive interest rates - due to the loan being guaranteed by the USDA. Stand alone as the only mainstream zero money down program available to borrowers that have not served in the military. Also known as the Section 502 Direct Loan Program, this program assists low- and very- low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability. Payment assistance is a type of subsidy that reduces the mortgage payment for a short time. The amount of assistance is determined by the adjusted family income. What is the minimum credit score for USDA? 640 credit score you'll need to qualify for automatic approval through the USDA's automated loan underwriting system. Stable and dependable income. A willingness to repay the mortgage - generally 12 months of no late payments or collections. What is the designated rural area? The property must be: Located in a rural area (generally defined as a region outside of a major city with fewer than 35,000 residents. Used as a primary residence only, not for income-generating. Less than 2,000 square feet in size (typically).Interest rate and payback period? Effective March 1, 2022, the current interest rate for Single Family Housing Direct home loans is 2.50% for low-income and very low-income borrowers. Fixed interest rate based on current market rates at loan approval or loan closing, whichever is lower. Interest rate when modified by payment assistance, can be as low as 1% Up to 33 year payback period - 38 year payback period for very low income applicants who can’t afford he 33 year loan term. What area are rural ? A population of no more than 2,500 people. A population between 2,500 and 10,000 if it's rural in character. A population between 10,000 and 20,000 but isn't part of a metropolitan statistical area (MSA) and doesn't offer mortgage programs for low- to moderate-income families. Located in a rural area (generally defined as a region outside of a major city with fewer than 35,000 residents) Used as a primary residence only, not for income-generating endeavors. Less than 2,000 square feet in size (typically) Geographic restrictions. Mortgage insurance included (may be financed into loan) Income limits. Single family, owner occupied only - no duplex homes. What is the income limit in Florida? USDA eligibility for 2022:1–4 member household requires annual household income to not exceed $91,900 in most areas of the country, and annual household income for a 5–8 member household to not exceed $121,300 for most areas. Can I get a USDA loan with a 500 credit score? Yes, with lower scores if you have compensating factors. Can you build a house with a USDA loan? A USDA construction loan can finance the land, build your home, and serve as your long–term mortgage – essentially rolling three loans into one. Plus, there's no down payment required and only one set of closing costs. Pros: New and existing properties, No do penalty, finance closing cost, flexible credit guidelines, lower fixed interest rate. Cons: Geographical restrictions, Income limits, Private mortgage insurance is included and Single family home only, no duplexes. In closing: I just wanna see everyone win in life. So, now I'm rooting for you. Audience I leave you with this: Remember "Your dream home is out there....Let's start preparing for a place call home" Please subscribe, submit your questions & comments to "YOUR REALTOR" Giovonnia on I KONNECT The American Dream Homeownership.…
*Start the process of planning two months out from your move-in date, begin packing about 2-3 weeks before you move in, and be finished a few days to a week before. *What is the best order to pack for moving? I am glad you asked that questions!!! *Here's the order to what you should pack first. *Start the packing in the least used room. *You don't want to start packing in the kitchen or with your child's favorite toys. *Pack Items that are in storage. *Pack the most difficult room. *Pack out of season items next. *Pack décor and books. *Pack shoes and jewelry. *How to Start Packing *Create your very own set up kit. *Have a designated packing zone. *Make a zone and claim it as your own. *Label your boxes. This isn't Deal or No Deal. *Get Boxes – Really, good ones. *Don't pack what you don't need. *Resist the reminiscing. *Make a do not pack list. *Go room by room. "Old keys want open new doors, when you want different, you have to start moving different" Please submit to "YOUR REALTOR" Giovonnia your questions & comments on Anchor Fm/ I KONNECT Thank you for listeners, Stay tuned and informed.…
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1. What is the primary reason buyers give for purchasing a home? A.) Desire to own a home B.) Job relocation C.) Desire for a larger home D.) Affordability of homes Answer (B) 2. What do buyers look for the most in finding the right neighborhood? A.) Convenience to job B.) Affordability of homes C.) Quality of the school district D.) Quality of the neighborhood Answer (D) 3. What do home buyers cite most commonly as a benefit that real estate agents offer them during the purchase of a home? A.) Pointed out unnoticed faults with the property B.) Negotiated better sales contract terms C.) Helped understand the process D.) Shortened the home search Answer (B) 4.What is the most common incentive that sellers report using to try to lure buyers? A.) Closing cost assistance B.) Home warranty C.) Credit toward repairs D.) None Answer (B) 5. What age range represents the largest segment of home buyers? A.) 18-24 B.) 25-34 C.) 35-44 D.) 45-54 Answer (B) 6. What's the biggest compromise reported when purchasing a home? A.) Size of home B.) Price of home C.) Distance from job D. Style of home Answer (B) 7. What’s the first step that buyers most often take in the home-buying process? A.) Contacting a real estate agent B.) Visiting homes for sale C.) Searching for properties online Getting pre-approved for a mortgage Answer (C) 8. What do buyers particularly value when visiting a real estate website? A.) Virtual tours B.) Photos C.) Detailed information about listings D. Interactive maps Answer (B) 9. What type of mortgage is most popular among first-time and repeat buyers? A.) Adjustable rate mortgages B.) Subprime loans C.) Fixed-rate mortgages D.) Didn’t need a mortgage Answer (C) 10. What was the primary reason given for selling a previous home? A.) House is too small B.) Can’t afford the mortgage C.) Neighborhood less desirable D.) Job relocation Answer (A) Closing: I just wanna see everyone win in life, know I'm rooting for you. For now, I leave you with this take-away: Remember: Your dream home is out there!!: Let's start preparing for a place to call home. Please subscribe, submit your questions & comments on I KONNECT Thank you listeners for staying tuned into I KONNECT The American Dream of homeownership on Anchor FM.…
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The American Dream Homeownership
Hello and thank you listeners for tuning into I KONNECT weekly podcast. "YOUR Realtor and host Giovonnia with Coldwell Banker Realty. Welcome to The American Dream homeownership..."Bridging the gap of homeownership while leaving a inheritance for future generations" Reasons and benefits: Low cost maintenance Turn key move in ready New building materials Better insulation State of the are technology High rated energy efficiency Protection of new home warranty Modern floor plan Safety. Security Lower heating bills Environmentally friendly Home design to fit your lifestyle New community with top amenities Quality construction. Closing: I leave you with this key take-a-way. The American Dream is obtainable with understanding the process of becoming a homeowner. Your dream home is out there!! Let's start repairing for a place to call home. "Old keys want open new doors, when you want different, you have to start moving different". Please subscribe to " Your REALTOR" Giovonnia your question and comments on I KONNECT. Thank you listeners for staying tuned and informed.…
Sometimes the conversation you have with yourself is your worst enemy and you start to wonder if it's a waste of time. Get out of your head. Discipline and accountability is a valuable tool. Set realistic goals Set a date to achieve your goal. Steps to tackle debt: Look at your existing budget and make the necessary adjustments. Start a savings account. limit unnecessary purchases. Research debt management consolidation. Pay off debt by contacting debtors and negotiate debt payoff amount. Employment earning, consider a second part job. Take action to improve your situation: Get more hours at work, ask for a raise or find a side hustle. Knowledge is power: Order your credit report and score from Equifax, Trans union and Experian.(Know this information) Defer payment or lower payment amount of student loans and other debt. Do the research for different loan options: Retain a Realtor to help you navigate this process stress free. Benefits: Wealth building while leaving an inheritance for future generations, Homeownership interest rates are at historic lows. Buying a home is significantly more beneficial than continuing to rent. Listen, listen up, home buyers don’t wait any longer.!!! Do the research: It's your future so do the work. Set yourself up for success. 1st time homebuyers option: Grant programs for first-time homebuyers are available in Florida cities. This program provides down payment assistance and/or closing cost assistance in a variety of forms, including grants, zero-interest loans, and deferred payment loans. Individuals who have not held ownership in a principal residence in the three-year period are considered a 1st time home buyer. USDA Rural Loan mortgage option for rural and suburban homebuyers. Issued by qualified lenders and guaranteed by the United States Department of Agriculture (USDA).Lenient eligibility requirements and competitive interest rates because the loans are guaranteed by the USDA. FHA- A popular government-backed home loan in the country. guaranteed by the Federal Housing Administration. VA Loan offer Veterans, Service Members and select military spouses guaranteed by the U.S. Department of Veterans Affairs. No down payment, No Private Mortgage Insurance, competitive interest rates, relaxed, credit requirements, closing Cost Limits, lifetime benefit, no prepayment penalties. Equity is your friend the more home equity means the more money you can borrow from for a second mortgage in the form of a home equity loan. Property taxes are deductible on your tax return. Appreciation of value means your home increases in value over time Equity is the difference between what you owe on your mortgage and what your home is currently worth. Tip: How to build home equity by making additional principal payments whenever possible. Equity can increase in two ways as you pay down your mortgage, the amount of equity in your home will increase and if the value of your home jumps. Use the equity when you sell your current home and move up to a larger home. (Look at this as a starter home). Here’s a breakdown: Principal is borrowed money borrowed. It's factored into your monthly payment and paid off throughout the life of your loan. Interest is the percentage of the principal paid over the life as a fee for lending the money. *Pros: Homeownership mortgage is a fixed rate vs. renting the possibility of ever increasing amount owed. You give permission to become a homeowner. The only difference between where you are and where you want to be is the steps you haven’t taken yet. I leave you with this takeaway: Your dream home is out there!!: Let's start preparing for a place to call home. Please subscribe and comment to I KONNECT The American Dream Homeownership.…
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I KONNECT
The American Dream Homeownership
Hello and thank you Listeners for tuning in to I KONNECT weekly podcast your host and "YOUR REALTOR" Giovonnia with Coldwell Banker Realty. Welcome to the The American Dream homeownership......"Bridging the gap of homeownership while leaving a inheritance for future generation" Questions you may want to Ask yourself. Even if your home is paid off by the time your grown kids move out. *Is it worth it to downsize the house? Take a look at your lifestyle. *Do you have unused rooms? *Can you afford to stay in your current home for five, 10, or 20 more years? *Is your yard easy to maintain? *Do you feel isolated? *Do you have too much stuff to manage? *Do you have a lot of equity in your home? Here's some concerns and things to consider: Things like stairs, multiple levels, outdated bathrooms, or long driveways and walkways become more dangerous as you age. Benefits to consider: A simpler lifestyle: *Roughly 51 percent of retirees ages 50 and over move into smaller homes and sixty-four percent of seniors say they plan to stay in their current homes. *Moving to a one-floor space that's easy to access and navigate can help you age in place longer. *Family- you might move later in life to be closer to your children, grandchildren who can help you age in place. *Medical needs- Seniors with chronic conditions or needing more frequent medical care may need to relocate to be near their doctor or adult children or they might need to move into a space that can accommodate specific medical equipment. *Better weather 25 percent of older adults plan to move to a warmer climate. * Peace of mind!! Yes, start doing more of the things you enjoy. Such as: A over do vacation. *Reimagine your bucket list. *Downsizing can save you a substantial amount of money when it comes to things like property taxes, insurance, and maintenance. *Lower utility bills: It costs a lot less to heat or cool a smaller home. *There is no wasted space, such as vaulted ceilings, in a smaller home, less square footage decreases the amount of energy expended. * Downsizing your home means that you trade your present house for a smaller or less-expensive one. *Switch over to a condo or townhouse, or you could move to a home similar to yours in a more affordable area of town. *No lawn care or less or no home repairs Closing: I leave you with this take-away: The American dream homeownership is obtainable with understanding the process of becoming a homeowner. Your dream home is out there!!: Let's start preparing for a place to call home. Reinvesting in a simpler lifestyle has it's added benefits. Listener please submit to "YOUR REALTOR" Giovonnia your questions & comments on I KONNECT. Thank you listeners, for staying tuned and informed. I'll speak with you next week on I KONNECT, Anchor FM stand by till then.…
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I KONNECT
The American Dream Homeownership
Here's the jumping-off point, self-care is a broad range of activities, practices you can adopt to improve your health and well-being. Such as: Making healthy lifestyle choices and avoiding unhealthy habits. Here's a few self care tips: *It requires tough-mindedness, a deep and personal understanding of your priorities. *Respect for both yourself and the people you choose to spend your life with. *Turning off the TV instead of watching another episode of your favorite show. *Declining the second drink or it might even mean be declining the first drink. *Saying “no” to the thing you don’t want to do even if someone is going to be angry at you. *Maintaining financial independence. *Doing the work that matters. *Self-care is not an indulgence. *Self-care is a discipline. * Physical exercise for at least twice a week. *Proper sleep habits at least eight hours a day. *Reading a good book . *Meditation *Let other people take care of themselves. *These results will yield happier parent, a more grateful spouse, fully engaged colleague. *This is less about work/life balance and more about your life and taking better care of your self. Closing:" I just wanna see everyone win in life. So, know I'm rooting for you" For now my question to you audience: What’s the least change that you can make as an experiment to see if that change can move you in the right direction? Please submit to "YOUR REALTOR" Giovonnia your questions & comments on I KONNECT. Thank you listeners for staying tuned into I KONNECT The American Dream of homeownership on Anchor FM.…
Journal goals and research your vision: Today is your opportunity to build the tomorrow that you want in 2022! Tips and Hints: * Like purchasing a home or starting a business and school etc. just a few suggestions. *Ask yourself what does it take to pursue your goals and dreams? * Declutter your mind by turning off distractions. *Tip: I am prepared to be successful? * Be accountable and make better choices. *Believe in myself and your my goals. * Practice your craft on purpose and sharpen your skill set and knowledge. *Work smart not hard. * Prioritize one thing each day you accomplished *Set a daily routine: Practice and the create 80/20 rule: 20% work and 80% produce results. *Be creative: Keep going you have what it takes!! Try again!! * Its okay to make mistakes. * Don't doubt yourself because you are capable!! ***********Closing: I just wanna see everyone win in life. so, know I'm rooting for you.************** For now audience I leave you with this take a way: The American dream homeownership is obtainable with understanding the process of becoming a homeowner. Happy New Year !!!! "Great leader don't set out to be leaders....they set out to make a difference. Its never about the role-- its always about the goal" **********Your dream home is out there!!: Lets start preparing for a place call home. ************* Please submit to "YOUR REALTOR" Giovonnia your questions & comments on I KONNECT Thank you for listeners for staying tuned into I KONNECT on Anchor FM.…
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I KONNECT
The American Dream Homeownership
OUR VALUE: *We are professional realtors that adhere to a strict code of ethics. * We Navigate your home buying process making it stress free and we keep up with the ever-changing rules and regulations that govern the sale of property from the National Association of Realtors and related state Realtors associations. *Realtors negotiate the terms and conditions of the contract, sales price and/or purchase price. * We have access to mortgage lenders to pre-qualify you for a mortgage. *We coordinate services for the contract and this process from beginning to closing. *We Market your property on various venues: Such as: Social media platforms, Internet sites, television and magazine ads etc. *We recommend and/or suggest property preparation. Such as staging, lawn care and painting etc. "Making your home show ready". *Realtors keep you on the right side of the law. *We screen potential buyers. so you don't have to. *We conduct open houses via virtual and or person to get your home sold. *We accompany the buyers to the final walk through inspection. *We research the market neighborhoods, local amenities and HOA. *We conduct comparable market analysis finding comparable homes similar to your home to determine an estimated price range to list or buy your home. *We have access to The multiple listing service database where realtors share data about properties for sale. Closing: I leave you with this take-away: The American dream homeownership is obtainable with understanding the process of becoming a homeowner. Your dream home is out there!!: Let's start preparing for a place to call home. Thank you listeners for staying tuned in. Listener let's talk please leave your comments and questions on I KONNECT Anchor FM. I'll speak with you soon.…
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I KONNECT
The American Dream Homeownership
*Know your credit score and pull your credit report: Contact Equifax, Experian and trans union *The credit Bureau offers one free annual credit report. *Get your finances in order such as saving for down payment and closing cost. *What are your needs & wants in a home: 2 car garage, two story how many bedrooms and bathrooms, family room, large backyard. *When your looking for a house consider: location, commute time, parking, school districts, Property taxes, HOA fees and restrictions into your monthly budget. *Get pre-approved asap: Interest rates are at a all time lows. I have several Mortgage lenders that are willing to help with getting you pre-qualified. So, once your find your home then its just a matter of making a offer on it. *Here some options to consider when scheduling viewing the home you have selected: Shop from the safety of your own home, you can ask for videos virtual tours or schedule a personal video walkthrough. Your dream home is out there!! : Lets start preparing for a place call home. Please send "YOUR REALTOR" Giovonnia your questions & comments. Thank you for listeners. I'll speak with you next week on Anchor FM stand by till then buyers. Merry Christmas to all. "Old keys want open new doors, when you want different, you have to to start moving different"…
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