@whatsamortgage_: 🏡📈 Unsure if this is true or not, but here's what I've heard. If it is, when rates pull back sometime in the middle to the end of 2024 or early 2025, that's when things will get really crazy. 🤔💥 Is she right? Is she not? I don't know. But if she's right, then those without a home might face a tough situation if they want to buy in the future. 🏠🔥 So, if you qualify to buy and you're in a hot area, I think she's right. But if you're not in a hot area, chill out and wait it out, okay? Do what's best for you and your family. #RealEstate #HomeBuyers #InterestRates #PatiencePaysOff
Minh Nguyen | Mortgage Broker
Region: US
Saturday 11 November 2023 21:05:31 GMT
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Luther509 :
I don’t give a fuck what anyone says. It’s stupid to buy now.
2023-11-11 22:06:46
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El Sanz :
Recession and refinancing don’t go hand in hand. And It’s not that people don’t want to buy now, it’s just not affordable to do so.
2023-11-11 21:57:47
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user8053245252616 :
Are you going to let's us know when we should refinance?
2023-11-11 21:44:44
1
QuanTheMortgageGuy :
Even with 5.5% and 800k mortgage (socal) your monthly pmt (before property tax, insurance, utilities, etc) is already around 4.5k/month.
2023-11-13 19:59:16
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El Sanz :
Feel your videos only focus on one side of things, heavy biased towards buying, obviously cuz ur a lender, higher risk in buying now vs holding
2023-11-11 22:00:14
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Sunshine :
Buy now cheaper and refi later. You will then have equity
2023-11-12 16:10:57
1
Jessicakes33 :
8 percent is nuts
2023-11-12 20:19:37
1
CHICAGOXRICK :
“You can always refinance” is a common phrase from people who know rates are shit but want to sell.
2023-11-13 06:31:46
1
QuanTheMortgageGuy :
Its not affordable period even at 5%. Thats the key factor that wont drive home price much higher till income catch up with it must take 5 years.
2023-11-13 20:00:44
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Sheeeetravels :
That’s what o heard
2023-11-11 21:26:46
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JasonMLO.com :
Who was the original poster? would love to make similar video
2023-11-13 19:51:55
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E.S. :
who cares of the house cost more? it's the interest rate that kills you. Can be approved for 500k, but if the mortgage is 3x what paying now ☠️
2023-11-13 15:15:34
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Michael Blevins :
Refinancing costs money I’d take a 10-15% price increase over a 3% interest difference any day
2023-11-13 02:15:29
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Jessicakes33 :
It just refinancing is such a pain in the ass. Lol most people would rather get a better rate to begin with!
2023-11-12 20:20:33
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CC Waffle :
We need lots of people to buy a house with this high Bidenomics interest rate before the interest rate starts dropping.
2023-11-12 07:07:18
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A :
Interest rates are irrelevant. Most people stay in the house for five years or less.
2023-11-12 03:45:52
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Mt🥓 :
everything was right but saying get a variable rate mortgage....get a fixed
2023-11-11 21:56:21
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Antonio :
Doesn’t home value have to appraise higher than loan amount to be able to refi? Is a refi always possible ?
2023-11-11 21:27:55
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