As a lifelong Chicagoan, entrepreneur, and real estate broker, I love everything about this city...but the one thing that makes Chicago so great is the amazing people. On this weekly podcast, We want to pull back the curtain and introduce you to some of the sharpest minds in business, education, and politics so that you can learn how to scale your business faster and more efficiently and achieve greater success in your professional and personal life! You are going to learn from some of the highest-paid experts, entrepreneurs, and business leaders about their specific tactics, strategies, and insider tips on leadership, leverage, technology, hiring, and building an amazing culture so that you can create the success and the change you’ve been looking for. I’m Young Lee…. Welcome to the Success Game. Also, be sure to subscribe, if you haven't already, so every podcast gets sent straight to you and you don't have to go searching for it! See you next week on the Success Game!
https://younglee.captivate.fm
episode 17: Understanding Mortgages with Marty Maher
Are you a potential homeowner looking to get a mortgage? Or perhaps just someone who’s intrigued to understand more about the process? Marty Maher is a 24-year veteran of the mortgage origination business and is ideally suited to analyze your property ambitions. Because of his client-first approach, he is simply one of the best advisors when it comes to mortgages and home loans in the Chicago area.
This episode of Chicago Business Review is positively spilling over with information on how to go about buying your first property and qualifying for a mortgage. The misconception that you need to put 20% down is dispelled, acronyms like ‘PMI’ and ‘ARM’ are fully explained, and the investment tools and techniques usually reserved for seasoned professionals in the property game are unpacked by Marty and our host, Young Lee.
You’ll be reaching for the mortgage calculator tool to see if you qualify for a home loan, guaranteed! Just don’t go doing anything foolish before buying a home that can jeopardize your mortgage qualification. Marty has seen it all over the years, so his advice is honestly and earnestly dispensed as he truly is trying to save his buyer’s money, time, and any potential heartache in a given property deal. Buying a property has never been this interesting — no pun on the hot topic that is ‘interest rates’ intended! Please join us.
“When rates come down, we are going to refinance their mortgage for free.” ~ Marty Maher
In This Episode:
- How is the interest rate affecting the property market?
- What is a mortgage checkup?
- What are some of the minimum down payments clients can make when purchasing a property?
- What is a ‘One Zero Buy Down Program’?
- Unpacking Wintrust’s Professionals Program
- Advice for people who have misconceptions about getting a mortgage
- What amount can people borrow up to? Understanding Debt to Income Ratio
- What should you NOT do before you buy a house?
- Understanding how to use a home equity line of credit
- Using the equity you’ve built up in your home for debt consolidation
- What are the upfront costs a buyer can expect to incur?