"The Real World of Home Buying"
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In this episode, we break down the home-buying process from start to finish, with a special focus on business owners, first-time buyers, and loan options. We discuss whether FHA loans are only for W-2 employees what documentation business owners need to qualify, and how lenders truly verify income. You’ll learn the key differences between FHA and conventional loans, including credit score requirements, debt-to-income ratios, PMI, and interest rates.
We also walk through the real-world timeline of buying a home — from pre-approval and house hunting to submitting offers, inspections, appraisals, escrow, and closing day. Along the way, we explain important concepts like earnest money deposits, contingencies, appraisals, credit rescoring, and the new Buyer Broker Representation Agreement.
This episode offers honest insights into what can speed up or delay a transaction, common pitfalls buyers face, and why communication with your lender and realtor is critical. Whether you’re exploring homeownership, rebuilding credit, or preparing to buy your first (or next) home, this conversation gives you a realistic, behind-the-scenes look at how real estate deals actually get done!!!