YFP 258: How Much Home Can You Afford?
Tony Umholtz talks through how to determine how much home you can afford.
Key Points From This Episode
- An overview of today\u2019s guest, Tony Umholtz.
- How the real estate purchase market has not slowed down but refinancing has.\xa0
- Why we are in a seller\u2019s market.\xa0
- What rate hikes mean and the impact they have on mortgage rates.\xa0
- The impact inflation will have on rates.\xa0
- Why locking as soon as possible is preferable when purchasing a home.\xa0
- What the 28-36 rule is.\xa0
- What banks consider when you apply for a home loan and what factors are more important.
- How the appraisal gap affects the market.\xa0
- The importance of considering expenses, fixed and variable, other than the loan.
- How insurance changes depending on what part of the USA you are in.\xa0
- The danger of over-committing to personal property insurance.
- The effect of property value on tax and how that changes from state to state.
- An overview of the pharmacist home loan product Tony offers through First Horizon.\xa0
Links Mentioned in Today\u2019s Episode
- Learn More About First Horizon\u2019s Pharmacist Home Loan and Start the Pre-Approval Process
- YFP Planning: Financial Planning for Pharmacists
- Schedule a free Discovery Call with YFP Planning
- YFP 245: Getting Under Contract in a Competitive Home Buying Market
- Apply for the Pharmacist Home Loan
- Your Financial Pharmacist Disclaimer and Disclosures