On this episode of "Open House with Team Reba", we welcome Reba back from her trip to Bali. She's all refreshed and amped up for our upcoming first-time homebuyer class on Feb 29th, leap day, from 9:30am-1:30pm. If you or someone you know wants to leap into homeownership, this class can give you access to programs like zero money down, downpayment assistance, reduced PMI, and reduced interest rates. This class is packed with detailed info on the buying process, what to look out for, budgeting options, how to get the best credit score and much more. Visit teamrebaclasses.com for more info.
Something that most people don't know, there are different levels of pre-approval. If you want to be in the best position to buy, you're going to want to go with the best pre-approval option so listen in and see how you can increase your chances of landing the sale.
We then talk about the "BRRR" seminars that are popping up everywhere. BRRR stands for "Buy, Renovate, Rent Refinance, and Repeat. There is some merit to this method, but we can tell you they are not sharing all of the details at these seminars, so check this out if that's something you're interested in pursuing, there are some MAJOR pitfalls you should know about.
After that, we get to the mortgage market, how the coronavirus is causing money to flood into the bond market, keeping interest rates low. Eric also shares how he helped one family take their 30-year mortgage down to 18 years, and how you could do the same. Listen in!