How Condo Financing Works
Mortgage Mike Helps
Mortgage Mike Helps | How Condo Financing Works Link to YouTube Video Episode: Condo deals don’t have to be scary—if you know what to expect, they’re often smoother than you think! In this episode, Brendan and Mike Riley break down everything you need to know about condo financing—from association approvals and Fannie/Freddie guidelines to avoiding deal-breaking delays. Whether you're a realtor working with condo buyers or a buyer yourself, this video pulls back the curtain on the often misunderstood world of condo mortgage approvals. Learn why some condos are a no-go for FHA and...
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How Much Are Your Buyer’s Closing Costs?
Mortgage Mike Helps
Mortgage Mike Helps | How Much Are Your Buyer’s Closing Costs? Link to YouTube Video Episode: Are you puzzled by the term "closing costs" when buying a home? You're not alone. In this enlightening video, mortgage experts Brendan and Mike Riley break down the components of closing costs, helping you understand what you're paying for and why. They discuss factors that influence these costs, such as the closing date, homeowner's insurance, HOA dues, and title fees. By the end of this video, you'll have a clearer picture of the expenses involved in closing a mortgage deal and how to...
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How Property Tax Increases Affect Your Buyer’s Future Mortgage Payments
Mortgage Mike Helps
Mortgage Mike Helps | How Property Tax Increases Affect Your Buyer’s Future Mortgage Payments Link to YouTube Video Episode: Think your fixed-rate mortgage means fixed payments? Think again. In this eye-opening video, mortgage experts Brendan and Mike Riley delve into the often-overlooked world of property tax reassessments in Florida. Discover how purchasing a home can lead to a significant increase in your property taxes—and consequently, your monthly mortgage payments. We'll explore why two similar homes can have vastly different tax bills, the impact of Florida's "Save Our...
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Do Fed Rate Cuts Mean Lower Mortgage Rates?
Mortgage Mike Helps
Mortgage Mike Helps | Do Fed Rate Cuts Mean Lower Mortgage Rates? Link to YouTube Video Episode: Confused about why mortgage rates aren't dropping even though the Federal Reserve is cutting rates? You're not alone. In this insightful video, mortgage experts Brendan and Mike Riley delve into the reasons behind the disconnect between the Federal Reserve's rate cuts and mortgage rates. They explain that while the Fed influences short-term interest rates, mortgage rates are more closely tied to long-term factors like the 10-year Treasury yield and inflation expectations. Understanding this...
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The Win/Win for Sellers AND Buyers Using Seller Concessions Instead of Price Reductions
Mortgage Mike Helps
Mortgage Mike Helps | The Win/Win for Sellers AND Buyers Using Seller Concessions Instead of Price Reductions Link to YouTube Video Episode: Is your property lingering on the market with little to no interest? Before slashing the price, discover a smarter strategy that benefits both sellers and buyers. In this insightful video, mortgage experts Brendan and Mike Riley delve into the advantages of offering a mortgage rate buydown over a traditional price reduction. Learn how a $10,000 investment in a rate buydown can make your listing more attractive, save buyers more on monthly payments,...
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Your Buyer Will Qualify for an EXACT Monthly Payment And An APPROXIMATE Sales Price
Mortgage Mike Helps
Mortgage Mike Helps | Your Buyer Will Qualify for an EXACT Monthly Payment And An APPROXIMATE Sales Price Link to YouTube Video Episode: Think you qualify based on home price? Think again! In this eye-opening video, mortgage experts Brendan and Mike Riley break down why your mortgage approval has less to do with the sales price—and everything to do with the monthly payment. They explain how taxes, insurance, HOA fees, and even the age of the roof can impact whether you’re approved for a $360K home or a $440K one. If you're a homebuyer, real estate agent, or just exploring your options,...
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Is Your Florida Home Buyer Legally Married, But Separated?
Mortgage Mike Helps
Mortgage Mike Helps | Is Your Florida Home Buyer Legally Married, But Separated? Link to YouTube Video Episode: Thinking of buying a home while separated or going through a divorce in Florida? STOP and watch this first! 🛑 Mike and Brendan Riley break down the critical legal and financial pitfalls of purchasing property while legally married—even if you're separated. Florida law treats marriage differently than other states, and it could cost you big if you don’t understand the risks. For more expert mortgage tips, visit Subscribe for the latest videos from Mortgage Mike Helps on...
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No Money Down Home Loans in Florida
Mortgage Mike Helps
Mortgage Mike Helps | No Money Down Home Loans in Florida Link to YouTube Video Episode: Think you need a big down payment to buy a house? Think again. In this episode, mortgage experts Brendan and Mike Riley break down no money down loan options that are helping homebuyers in Florida get into homes with little to zero cash at closing! Whether you're a veteran, buying in a rural area, or a first-time homebuyer, there are powerful mortgage programs available that most people don’t even know exist. From VA Loans, USDA (aka “country loans”), to Florida Housing and Chenoa Fund...
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The 2 Things Your Buyer Must Know BEFORE Making an Offer
Mortgage Mike Helps
Mortgage Mike Helps | The 2 Things Your Buyer Must Know BEFORE Making an Offer Link to YouTube Video Episode: Are your buyers ready to make an offer? Before anyone signs a real estate contract, they must know these 2 things: 1️⃣ What their monthly mortgage payment will be 2️⃣ How much cash they’ll need at closing In this quick but crucial video, mortgage experts Brendan and Mike Riley break down the biggest mistakes buyers make before going under contract—and how to avoid them. Too often, buyers skip the math and lose the deal. Don’t let that happen to you...
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The #1 Reason Why Real Estate Deals Blow Up
Mortgage Mike Helps
Mortgage Mike Helps | The #1 Reason Why Real Estate Deals Blow Up Link to YouTube Video Episode: Getting a mortgage approved can feel like deciphering a novel longer than War and Peace—literally! With mortgage guidelines stretching over 1,000 pages, it’s no wonder borrowers feel overwhelmed. In this fun and insightful clip, we imagine St. Peter at the Pearly Gates explaining just how intricate home loan guidelines really are—and why you don’t need to worry about learning it all. That’s our job. Whether you’re a first-time homebuyer or refinancing, we break it down and make...
info_outlineMortgage Mike Helps | How Much Are Your Buyer’s Closing Costs?
Link to YouTube Video Episode: https://youtu.be/IHFbslUCPQY
Are you puzzled by the term "closing costs" when buying a home? You're not alone.
In this enlightening video, mortgage experts Brendan and Mike Riley break down the components of closing costs, helping you understand what you're paying for and why. They discuss factors that influence these costs, such as the closing date, homeowner's insurance, HOA dues, and title fees. By the end of this video, you'll have a clearer picture of the expenses involved in closing a mortgage deal and how to prepare for them.
For more expert mortgage tips, visit mortgagemikehelps.com
Subscribe for the latest videos from Mortgage Mike Helps on Youtube @rileyteammortgageloans
00:00 - Introduction Brendan and Mike Riley introduce the topic of closing costs in mortgage deals.
00:10 - Common Questions About Closing Costs Discussion on the frequent inquiries from buyers regarding the specifics of closing costs.
00:30 - Importance of Closing Date Explanation of how the chosen closing date affects the amount of prepaid interest.
01:20 - Role of Homeowner's Insurance Insights into how the type and condition of the home influence insurance costs.
02:30 - Impact of HOA Dues Exploration of how Homeowner Association dues and transfer fees can vary and affect closing costs.
03:35 - Title Fees and Unknown Variables Discussion on the unpredictability of title fees and their contribution to closing costs.
04:30 - Estimating Closing Costs Strategies for providing accurate estimates to clients and the importance of professional guidance.
05:10 - Conclusion Final thoughts on the complexities of closing costs and encouragement to seek expert advice.
Don’t let mystery fees wreck your budget—arm yourself with the facts so you can close with confidence and protect your financial future.
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