Episode 35: Buying A Home Strategically with Kyle Seagraves
With the logistics of buying a home already covered, this conversation with Kyle Seagraves moves into strategy tips and common worst-case scenarios: how long you'd need to stay in a home for appreciation to catch back up if the market slips, what to do if you have to move but can't sell yet, how much of an emergency fund to save up first, self-employed income versus W2 income for getting approved, and how tax reduction strategies affect the ability to get approved for a mortgage. It can all feel overwhelming because it is complex, but starting with a conversation with a loan officer, then making a plan, beats trying to figure it all out alone.
Key Takeaways
Home value appreciation can take time to recover if the market dips after a purchase.
Having a plan for what happens if you need to move before you can sell protects against worst-case scenarios.
Self-employed income is evaluated differently than W2 income when qualifying for a mortgage.
Talking to a loan officer first, then building a plan, is more effective than trying to figure everything out alone.
Guest Bio:
Kyle Seagraves is a Certified Mortgage Advisor, Licensed Loan Originator, and full-time home loan educator. He is the founder of Win The House You Love, a YouTube channel with over 100,000 subscribers dedicated to helping people understand the home buying process.
Connect with Kyle:
Purchase Price Calculator: https://www.winthehouseyoulove.com/max-purchase-price-calculator
LoanClarity Advisor: https://www.winthehouseyoulove.com/advisor
On YouTube: https://www.youtube.com/c/WinTheHouseYouLove
Online: https://www.winthehouseyoulove.com/
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DISCLAIMER: This Podcast may receive compensation for promoting or recommending products or services through affiliate links. We only recommend products and services that we believe are of value to our listeners. The content provided in this podcast is for informational purposes only and does not constitute professional financial, accounting, or legal advice. Listeners are advised to consult with qualified professionals before making any financial decisions. The Freelance CFO is not responsible for any actions taken based on the information provided.
Music credit: Neon Fairies by Wolves
Note: This episode is from our previous podcast, Confident Money.
