In today’s episode, we are talking about how your closing date will affect the closing cost. When would be the best time for you to lock in?Tune in now and understand how the final closing rate is affected by the date and know when is the best time for you!  QUOTES“Bottom line is this: Everything is paid in arears.”MENTIONSwww.myhoustoninsideout.com  SHOW NOTES[0:01:11.0] The day of the month affects the closing cost [0:01:36.0] Arears explained[0:03:08.0] Example of arears If you like this podcast, please do not forget to like, share, or comment! We appreciate your support and feedback!

Houston Inside Out

055 - Your Closing Date Will Affect Your Closing Costs With James Jay

In today’s episode, Casey Ingram, a personal trainer for 16 years and an independent real estate agent with Keller Williams, joins James J and they talk about having that mindset that you get from being in the fitness industry and how it relates to the real estate market.Join us and be inspired as we learn more about it! QUOTES“The objective is keeping them somewhat on the straight and narrow in order to get them to a certain point that they’d become more self-sufficient as time pass.”“In the real estate world, everything is take care of everything immediately. ”“It’s all about trust and it’s all about professionalism.”“I’m never going to seek out so much business and I’m overwhelmed then I become a bad agent.”“If you take great care of people, people will take great care of you.”“You reputation will ultimately determine how well you do.”“The average person we deal with nowadays deals with a lot of psychological stress with very little physical outlet.”“Exercise will regulate your pattern.”“The brain is not wired to push the body, the brain is wired to survive.”“Progress is hard, maintenance is simple.”MENTIONSKeller Williams RealtyCasey Ingram - Phone number: 713-302-9177Email: caseyingram@kw.comFacebook: https://www.facebook.com/casey.ingram.14?ref=br_rsSHOW NOTES[0:02:08.0] Casey Ingrams’ background[0:06:47.0] Why people still prefer to get help from someone[0:09:50.0] Similarity between the fitness industry and real estate[0:15:59.0] You want to know your area[0:17:25.0] Changes in the business as the interest rate went down[0:21:18.0] The confidence and discipline that’s built by working out[0:28:09.0] It’s all about having good relationships[0:32:10.0] Just like any industry, there’s a lot of work behind itIf you like this podcast, please do not forget to like, share, or comment! We appreciate your support and feedback!

054 - Mental Fitness and Real Estate Talk

In today’s episode, James will be talking about locking in your interest rate. Not as easy as it sounds but it is very important.Tune in now and get tips on how and when to do it!QUOTES“Offering an actual rate lock cost the lender money when that happens. ”“By committing funds to lend to you, the lender is unable to use it for anything else until your loan actually closes.”“Ultimately it is the buyer’s responsibility to lock in interest rate.”MENTIONSwww.myhoustoninsideout.com SHOW NOTES[0:01:15.0] What an “interest rate lock” is[0:01:50.0] How to lock it for a longer period of time[0:02:06.0] What happens to the fund when it’s locked in[0:02:59.0] Things could happen to stop the process[0:03:35.0] When should you lock in your mortgage rate?If you like this podcast, please do not forget to like, share, or comment! We appreciate your support and feedback!

053 - Interest rate locks With James Jay

For today’s episode, we are going to talk about amortization period and which one is right for you. James is going to share how the actual mortgage payment is structured to help you understand key points to look into as you are deciding.Join us and give this episode a listen to know more about it!  QUOTES“Every extra dollar that you are paying towards your mortgage will reduce the amount you’re paying interest and the remainder of the loan.”“Most loans don’t have prepayment penalties.”MENTIONSwww.myhoustoninsideout.com  SHOW NOTES[0:01:45.0] Obvious difference between a 30-year and a 15-year financing[0:01:35.0] Amortization table - how the actual payments are broken down[0:03:39.0] 30-year and 15-year compared[0:05:36.0] There are ways to cut down the interest dramaticallyIf you like this podcast, please do not forget to like, share, or comment! We appreciate your support and feedback!

052 - Amortization With James Jay

In this episode today, we are talking about knowing why now might be the right time to look into upgrading your home. We will also understand how the market is affected by different factors.Tune in now and know more about it!QUOTES“The luxury home markets typically take longer to sell.”“As the inventory increases, the larger the difference of the list price to the sold price is.”MENTIONSwww.myhoustoninsideout.comSHOW NOTES[00:01:05] Lately, Interests rates have adjusted[00:02:00] Why this time is a great time to upgrade[00:05:20] What a buyer’s market actually means[00:06:50] Opportunity for upgrade is really availableIf you like this podcast, please do not forget to like, share, or comment! We appreciate your support and feedback!

051 - Looking to Upgrade Your Current Home? Now’s the Time to Move-Up! With James Jay

Welcome to this episode where we are talking about interest rates. Learn some historical contents, some recent rates and know when to perfectly lock it in.So tune in, listen and learn!QUOTES“Rates obviously fluctuate.”“Interest rates play a big factor in your monthly payment.”MENTIONSmyhoustoninsideout.comPhone number: 832-271-1708, Houston Inside Out SHOW NOTES[00:01:53] Interest rates have gone down[00:02:38] The market is heating up[00:03:49] Historical perspective in mortgages[00:07:09] Recent history on rates[00:09:27] Interest rates fluctuateIf you like this podcast, please do not forget to like, share, or comment! We appreciate your support and feedback!

050 - Interest Rates of 17%? Say What? With James Jay

Welcome to this episode of Houston Inside Out where we are going to talk about “7 Things To Avoid After Applying for a Mortgage”. A lot of people have a misconception about what happens after being initially approved for the loan. Learn very important points especially when you are building a home or even when purchasing a home that is already done.Make sure to listen and know more about it!MENTIONSmyhoustoninsodeout.com SHOW NOTES[00:00:25] #1 - Don't change jobs or the way you're getting paid.[00:04:33] #2 - Don't deposit cash into you bank accounts.[00:06:09] #3 - Don't make any large purchases.[00:08:01] #4 - Don't co-sign for other people.[00:09:10] #5 - Don't change bank accounts.[00:10:00] #6 - Don't apply for new credit.[00:10:40] #7 - Don't close accounts.If you like this podcast, please do not forget to like, share, or comment! We appreciate your support and feedback!

049 - 7 Things To Avoid After Applying for a Mortgage! With James Jay

VA loans have a unique combination of features not found with other loan programs. Because a portion of each loan is guaranteed by the VA for the lenders, they can offer more favorable terms. Whether you’re buying your first home, needing more space for your growing family, or downsizing as an empty nester, the VA homebuying benefit can be used over and over. It’s possible to restore entitlement from a prior loan and use it again, making VA loans a benefit for life.So, what is this fee for military veterans? Listen to this episode as we give you some calculation to understand why there's a fee for VA.If you have more questions, reach out head over to myhoustoninsideout.com If you like this episode of the Houston Inside Out podcast, please don't forget to like, share, and comment! We appreciate your support and feedback!

048 - What Is This Fee For Military Veterans Watch This if Your Buying a Home!

Credit restoration talk with Teresa and Randy Parasiliti from National Credit Federation. National Credit Federation, commonly referred to as NCF, is a nationwide, membership-based organization. Our mission is to help people who are currently in or have successfully come through a financial crisis, take back control of their finances and credit, allowing them to achieve their financial dreams. Call Randy and Teresa at 832-368-4311 or on the web at nationalcreditfederation.net/randy.Shownotes:(02:30) National Credit Federation(06:14) Credit Analysis With All Three Bureaus.(13:42) Credit Karma(21:34) Car Loan(32:06) Car FinancingIf you like this episode of the Houston Inside Out podcast, please don't forget to like, share, and comment! We appreciate your support and feedback!

047 - Credit Restoration Talk With Teresa and Randy Parasiliti

Today we're talking about what happens at the closing of your home.  During closing, ownership of a property is transferred from the seller to the buyer. The escrow company distributes all funds, and the new deed is registered in the buyer's name. The buyer also has to bring a check for all of the mortgage and title fees accumulated along the way.Quotes:"Try And Get This Stuff Done."Shownotes:(01:32) There Are Things That Arise As You're At The Actual Closing Table. (04:54) Get The Documents Ahead Of Time.(08:02) Company Will Give You The Check For Whatever You Paid Over. If you like this episode of the Houston Inside Out podcast, please don't forget to like, share, and comment! We appreciate your support and feedback!

046 - What Happens At Closing With James Jay

Credit scores are calculated using the information on your credit reports, which includes details of your credit accounts, how often you apply for credit, debt collection accounts and some public records, among other things.Quote:"85% Of Americans Have A Credit Score That Will Enable Them To Get Into A Home. "Shownotes:(01:16) They don't educate us.(02:15) No more renting. (07:05) Order a credit report right now. If you like this episode of the Houston Inside Out podcast, please don't forget to like, share, and comment! We appreciate your support and feedback!

045 -Credit Scores And What To Know With James Jay

Moving to a new home can be intensely stressful and throw your life into chaos.So in this episode, we are going to share some things you need to avoid when moving. Stay tuned! :)Quote: "Moving Is The Ideal Time To Get Rid Of Things You No Longer Need. "Shownotes:(02:22) Scheduling Stuff(06:48) Skipping The PurgeIf you like this episode of the Houston Inside Out podcast, please don't forget to like, share, and comment! We appreciate your support and feedback!

044 - Things To Avoid When Moving With James Jay

No more renting. If you want to make money slapping somebody in the face, you can make money by slapping your landlord in the face and go get your own home. That's how you make money. Stop making your landlord rich. Quote:"You Want To Be Proactive If You Are Looking At Getting Into A Home This Year."Shownotes:(00:45) We Are Getting Into Credit Scores. (02:13) No ore renting.(05:06) Max Credit Score.(07:35) Wrong Information On Credit Report Side.If you like this episode of the Houston Inside Out podcast, please don't forget to like, share, and comment! We appreciate your support and feedback!

043 - Slap the $h_t out of renting in 2019 With James Jay

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018!Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, the second week of February 2018 was the last time rates were this low.If you plan on buying a home this spring, contact us, we can help prepare you for today’s market before rates increase!Quote: "Mortgage Rates Fell For The Third Consecutive Week"Shownotes: (00:57) Interest Rates. (02:27) Mortgage Rates Fell For The Third Consecutive Week.If you like this episode of the Houston Inside Out podcast, please don't forget to like, share, and comment! We appreciate your support and feedback!

042 - Interest Rates Hit New 12 Month Low! With James Jay

A lot of people don't know that they are eligible for a mortgage. So today, we are going to dive in specifically to millennials to talk about some of the misconceptions.Quote: "They've Got The Credit, All The Necessary Items And Necessary Criteria To Be Able To Own A Home. "Shownotes: (00:33) Millennial Talk.(01:51) Millennial Generation Is Growing Up In An Age Where They Can Make Money At A Much Earlier Age.(03:18) Estimated Number Five Million Millennials That Are Going To Turn 30 In The Next Two Years.(05:03)They've Got The Credit, All The Necessary Items And Necessary Criteria To Be Able To Own A Home.(07:45) Some People Don't Change When Things Change. If you like this episode of the Houston Inside Out podcast, please don't forget to like, share, and comment! We appreciate your support and feedback!

041 - Do 46 Million Millennials Know They Are Mortgage Ready? With James Jay

Welcome to Houston Inside Out! We interview real estate professionals, local business owners and special guests from right here in the Houston community. This is where you get the inside scoop about what's new in real estate, new community openings and business openings and much more.

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