This podcast episode was inspired by a question sent in from Erin who wanted to know some tips she should be thinking about when she buys her first home. We could do a million podcast episodes just on this topic alone – even if you own a home, there’s always more to learn for the purchase of your next house. That’s why I went straight back to Vishal Garg, CEO of Better (and a previous podcast guest) to answer Erin’s question.
On This Podcast Episode:
The old wise tale was that you needed 20% as a down payment to buy your first house, and forget about it if you were an entrepreneur with a bunch of 1099 income. Thank God those rules are getting thrown away and we can finally get to buying our first home with as little as $10K-$15K as a down payment.
I’m chatting with Vishal on this episode about:
- Why you so don’t need 20% down payment anymore
- The curious way you can roll your student loan payment into your mortgage (say what)
- Possibilities for entrepreneurs with a crapload of 1099’s
- Top 3 ways to get you in a position to buy
Head over to Better’s site directly to find out more about their unique online mortgage options.
The article mentioned – Best & Worst States to Buy a House
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Shannah Compton Game is a podcast host and CERTIFIED FINANCIAL PLANNER of the top-rated Millennial Money podcast. Millennial Money has over 6-million downloads in 164 countries. Shannah’s years of experience as a skilled Certified Financial Planner have set her on a mission to revolutionize how people think, act, and feel about their finances…and have some fun doing so.