How To Find The Perfect Home Loan | And What Loans To AVOID!

This video teaches you everything that you need to know to find the perfect home loan for your situation. It will explain the difference between all of the different loan options and which option will be best for you. This video will also break down exactly what to look for when it comes to the interest rate, down payment, closings costs, and terms of your loan.

Chandler David Smith has been investing in real estate for the last 6+ years. He has done dozens of loans and helped other do dozens more. This video shows you everything that you need to know about picking the right loan. It will show you everything that you need to know to find the perfect home loan for your situation. It will explain the difference between all of the different loan options and which option will be best for you. This video will also break down exactly what to look for when it comes to the interest rate, down payment, closings costs, and terms of your loan. Listed below are the main points talked about in this video created to help you find the perfect home loan.

• Conventional vs unconventional
• CONVENTIONAL BACKED BY BANKS, UNCONVENTIONAL BACKED BY GOVERNMENT
• Sub prime loans- 640 or less credit score (bad loans)

Unconventional loans
o FHA loan-small down payment, low credit standards, higher interest rates mortgage insurance (MIP) have to pay for life of loan unless 10% down and than you pay it for 11 years
o VA- loans no down payment, no mortgage insurance, Unreal opportunity
o USDA/RHS loans- rural areas, no down payment. Cant refinance, bad prepayment penalties and terms

Conventional loans
• As low as 5 % down
• PMI (private mortgage insurance) if less then 20% down
• Lots of different options with great terms and interest rates

Jumbo loans- 20% down required for bigger purchases

• Other things discussed
o Interest rates, terms(fixed vs arm)(15 vs 30) , down payment, closing costs, prepayment penalties, pmi/mip, prepayment penalties and more

#homeloan #gettingahomeloan #mortgage

Want to learn more about getting pre-approved for a home loan? Check out this video!
youtu.be/FNZAqceass4

To learn more about a job opportunity doing door to door sales with Chandler, go to:
www.elitesummersales.com/

If you're interested o learn more about real estate investing, and you'd like to start a one-on-one mentorship go to:
chandlerdavidsmith.com/


Check out some other videos if you want to learn more about investing in real estate, building a huge passive income, or preparing for your own future home.
Want to see all of Chandler's real estate deals?
Real Estate Portfolio
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What is a Good Deal?
youtu.be/socXihCNHkU

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