Ep. 53 – Lexie Rodriguez – Your Mortgage in 2021
With now being a great time to take advantage of low mortgage rates, you might be looking at alternative housing or mortgage options for your future.
Mortgages are a huge topic. Everyone’s situations are different and what you need to qualify for a mortgage often depends on your own situation. So, it can feel unclear how achievable your future home hopes and dreams are.
In this episode, we’re joined by mortgage expert, Lexie Rodriguez. She shared lots of helpful advice and information about mortgages, from what you need to qualify, to how to improve your credit score. We also discuss the need-to-knows about buying a second home and the proper process for helping your children out with their down payments.
In this episode find out:
- The type of income you need to qualify for a mortgage
- How assets can help with qualifying for a mortgage
- How parents can help their children with a down payment for a home
- What percentage you need for a down payment and what the different qualifiers are
- What to think about if you’re transitioning into a new home
- The need-to-knows about buying a second home
- How to understand your debt-to-income ratio
- What it means to have a strong credit score and how this affects your mortgage application
“A conventional loan is the best loan type that you can qualify for.” – Lexie Rodriguez
“If you can get your credit score to 640 and above, that’s going to qualify you for the best mortgage rates.” – Lexie Rodriguez
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