Choosing the Right Home Loan | Ask Chris Phillips - Real Estate Podcast

Описание: Choosing the right mortgage can save you thousands, but most buyers don’t know their options.
In this episode, Chris Phillips breaks down the five most common home loan types used in Middle Tennessee and explains when each one actually makes sense. From FHA and VA loans to USDA, conventional, and adjustable-rate mortgages (ARMs), Chris shares what each loan really means for your monthly payment, how long you plan to stay in the home, and what to watch for in today’s market.
He also shares a personal story of using a five-year ARM to buy a home before he could qualify for a conventional loan and how he made it work.
Highlights:
● What to ask before choosing FHA, VA, USDA, conventional, or an ARM
● How loan type affects down payment, PMI, and future refinancing
● Why your income, credit, and long-term plans should drive the decision

Timestamps:
0:00 - Intro
1:20 - length of stay
1:42 - credit score slash income
2:16 - down payment
2:44 - picking a loan officer
3:16 - FHA loan
4:54 - VA loan
5:46 - USDA loan
7:08 - conventional loan
9:17 - fixed vs ARM

🎙️ Podcast Quote:
"The right loan depends on how long you’re going to be staying in the home."
Not sure which loan is right for your next home? Reach out to Chris and Kelly and get real answers

Connect with Chris Phillips
● Website: https://www.thephillipsgrouptn.com/
● LinkedIn:   / chrisphillips-thephillipsgrouptn  
● Email: [email protected]
● Podbean: https://askchrisphillips.podbean.com/
● YouTube Channel:    / @thephillipsgrouptn  
● Phone: (615) 260 8811

This episode is brought to you by THE PHILLIPS GROUP | KELLER WILLIAMS, where we help you buy and sell with confidence in Middle Tennessee.
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