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The 2 Things Your Buyer Must Know BEFORE Making an Offer
Manage episode 482823537 series 3665537
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Mortgage Mike Helps | The 2 Things Your Buyer Must Know BEFORE Making an Offer Link to YouTube Video Episode: https://youtu.be/3_W_5YRYoio Are your buyers ready to make an offer? Before anyone signs a real estate contract, they must know these 2 things:
1️⃣ What their monthly mortgage payment will be 2️⃣ How much cash they’ll need at closing
In this quick but crucial video, mortgage experts Brendan and Mike Riley break down the biggest mistakes buyers make before going under contract—and how to avoid them. Too often, buyers skip the math and lose the deal. Don’t let that happen to you or your clients!
Whether you're a first-time homebuyer, realtor, or just getting started with the homebuying process, this video will help you make smarter, more confident decisions. For more expert mortgage tips, visit mortgagemikehelps.com Subscribe for the latest videos from Mortgage Mike Helps on Youtube @rileyteammortgageloans
00:00 – Meet Brendan & Mike Riley: Your Mortgage Experts 00:03 – What Every Buyer Must Do Before Going Under Contract 00:09 – The 2 Crucial Numbers Every Buyer Needs 00:22 – Why Everything Boils Down to Monthly Payment & Cash to Close 00:30 – Fixed Rates & Prepayment Penalties vs What Really Matters 00:52 – Real Story: “I Can’t Afford This Payment!” 01:00 – Why Contracts Fall Apart Without These Numbers 01:10 – Rejected Offer? It Follows to the Next Home 01:27 – Seller Concessions & Customizing Cash to Close 01:38 – The Surprising Gap in Buyer Follow-Up 01:52 – Why It's Critical to Involve Your Lender Early 02:00 – Older Homes & Insurance: What Buyers Often Miss 02:12 – Final Tip: We’ll Run the Numbers So You Can Buy with Confidence
📞 Ready to get pre-approved or run your numbers? Contact us today—we’ll do the math for you! 📧 Email Us: [email protected] #HomeBuyingTips #MortgageAdvice #RealEstateTips #FirstTimeHomebuyer #MonthlyPayment #ClosingCosts #PreApproval #RealEstateEducation #MortgageExperts #HomeLoanHelp #RealEstateAdvice #BuyerEducation #howtobuyahouse #mikerileymortgagebroker
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