Does It Still Make Sense to Buy a Home?

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Does It Still Make Sense to Buy a Home?

Рет қаралды 14,512

Күн бұрын

In this insightful episode, MG The Mortgage Guy breaks down the current real estate market and provides valuable insights on why now might still be the right time to buy your dream home. With rising prices and market shifts, MG highlights the importance of not getting left behind.
Dive deep into the intricacies of mortgages and home buying with one of the industry's experts. Don't let the fear of escalating costs deter you. Tune in and empower yourself with the knowledge to make informed decisions.
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#MGTheMortgageGuy #RealEstate #HomeBuyingTips #DontGetPricedOut #MortgageAdvice #RealEstateTrends
Link to full episode: www.youtube.co... (www.youtube.co...)

Пікірлер: 75

@livingwithlexyoutube 10 ай бұрын

I never care what the housing market is doing I look at my numbers and do what makes sense. In times like these, all you need is strategy and a plan

@TONEYHAYWOOD 10 ай бұрын

Your home has to be valuable enough to refinance. Not every asset is a valuable asset. If you overpay for an undervalued home, you will be hard pressed to find a bank willing to take that risk. You have goals, but so does the bank. The banks goal is to turn a profit off of your payments or collect on a valuable asset. If you're loan to value is negative, you can forget a refinance. You'll have to have cash at closing to offset the value of the home that you overpaid for. In Illinois for example, if you pay more than $100/sqft, you are overpaying & it starts to go down from there.

@Dorathyjhn 10 ай бұрын

This channel and your expository teachings has been my major drive, and that's why with $45,000 weekly returns I was able to live my life-long dreams of sending food emissaries to Food banks, and also support local restaurants here in Louisiana.

@Jonnhe 10 ай бұрын

Wow that's huge, how do you make that much weekly?

@Jonnhe 10 ай бұрын

I'm 37 and have been looking for ways to be successful, please how??

@Dorathyjhn 10 ай бұрын

I earn from investing in the digital market with the guidance of Elizabeth Marie Hawley Brokerage services...

@Dorathyjhn 10 ай бұрын

After I got upto 300K trading with Mrs Elizabeth Hawley. I bought a new House and I'm now able to send my kids to a better school in the states thanks to mrs Elizabeth. When someone is straight forward with what he or she is doing people will always speak up for them.

@Marymargaret00 10 ай бұрын

Wow wow please is there a way to reach there services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me

@armykalan 10 ай бұрын

Solid advice. Buy only what you can afford.

@chilove9955 10 ай бұрын

Yes it does. Bought my house in 2021. Cheaper than rent.

@bxboro4662 10 ай бұрын

Depends on your location

@rogerbear5455 10 ай бұрын

Same here , bought in 2023 …much cheaper than rent

@Skylz22 10 ай бұрын

yall must live in the midwest or something lol

@blackwhyloreign441 10 ай бұрын

Sir mix-a-lot Jr. made a lot of sense on this topic.. Salute!

@c0cochan3l29 10 ай бұрын

He is saying that because he is In the field … you 4 are a separate entity financially wise. Most 9-5 do not qualify for those mortgages prices with todays interest rates.

@rufus30005 10 ай бұрын

Facts I did the numbers you can’t afford this even with making 100k/yr

@ckrazyp7182 10 ай бұрын

The first house I bought was SMALL... We made it work. The market shot up, we sold and moved up. Combined income was and still is roughly 100k annually. We did this in a state/city that it is doable.

@02nupe 10 ай бұрын

own or be owned. I hear you though, on the flip side a lot of ppl would qualify for certain houses but they feel like they are to good for them and then those houses be half a million later.....

@c0cochan3l29 10 ай бұрын

I bought in 2016, under 4% I wouldn’t sell at all… even the Property Taxes and insurance increase still has the note decent.

@ChinithaJohnson 10 ай бұрын

Love all the Black excellence in this video 💪🏾

@tonyjackson8413 10 ай бұрын

If you can build wealth through a profitable business or a high paying career a home could be a liability. A liability is something that puts money in your pocket each month, a home takes money each month, even after you pay it off. Many will say it is stupid to rent, and in many cases that’s true. If you work a 9-5 and will most likely never earn more than a modest middle class income, buying a home will be a relatively safe route over the next 20 years (assuming your job is secure for the next 20 years). But if you work in tech, banking, high paying corporate careers, Law, Medicine, engineering ect your mobility leads to opportunity. Your ability to pursue opportunity in other cities, states and countries will most likely outperform your local home’s appreciation.

@dbenders1 10 ай бұрын

If you don't buy a home now, Blackrock will be your landlord.

@Peace2dagawdz 10 ай бұрын

I agree!!!!!!!!!

@Peace2dagawdz 10 ай бұрын

@@PYTU smart idea

@Peace2dagawdz 10 ай бұрын

I just closed on my house last week

@dbenders1 10 ай бұрын

@StoicContent , There are programs like NACA that require 0 down and no closing costs. People just have to search around for the different programs.

@dbenders1 10 ай бұрын

@@Peace2dagawdz, Congrats!

@lilmoeswaggaswaggaworld1578 10 ай бұрын

We bought in 2016 and it doubled in 7 years!!!

@floridaman7 10 ай бұрын

The fact that it's cheaper to rent than buy should tell you we're over do for a market correction.

@IanDunlap 10 ай бұрын

Facts

@DCGEMINI202 10 ай бұрын

Flipping NJ would have some good advice right about now

@DesirableLibra777 10 ай бұрын

It’s not going to change bc the corporations want to own the most they can so you can be dependent.

@nikkiatkins33 10 ай бұрын

Assets everytime.

@natashapriddie1295 10 ай бұрын

Stop it it's not a good time to buy the actual inflation on the US dollar today makes it actually 60 since compared to 4 years ago as far as spending power and what you're telling people is that there's a chance they will be even further priced out in the next couple of years when the truth is if the dollar loses any more it's actually going to be worth nothing and I'm not sure if you've been doing your due diligence but in 2023 studies show that construction is outpaced in consumption over 50% most multi-billion-dollar projects in big cities sit vacant let's be what we're looking at is the next bubble approaching fast

@BattleToads 10 ай бұрын

I've more or less been given a house and I'm still thinking about selling it and renting. Had some moisture in my crawlspace and the guy came out today and wanted 15,000 dollars to fix it. Constant maintenance nightmares and worries... No thank you. I'd rather let someone else worry about it.

@YNGM1991 10 ай бұрын

Can you guys explain the day DJ envy real estate scam?

@jajajaja2624 10 ай бұрын

If someone buy a home today and rates goes back down up will be upside in your loan .

@02nupe 10 ай бұрын

not necessarily true, if the value of the property goes up which in most LONG TERM cases it does, thats not the case. of course nothing is ubiquitous, but generally speaking...