Podcasts about fico score

Why are some Americans building exceptional credit while others are falling further behind? Our latest “Henssler Money Talks” podcast explores the growing credit divide and what it reveals about today's K-shaped economy. In this companion article, we go a step further—explaining what builds a strong credit score, why it matters, and how it can affect everything from borrowing costs to future financial opportunities.Original Air Date: July 25, 2026Read the Article: https://www.henssler.com/one-economy-two-credit-realities 

Cuando dos personas compran lo mismo y una termina pagando muchísimo más, no es solo cuestión de suerte o del vendedor. Detrás hay años de hábitos con tarjetas, créditos “fáciles” y compras de “compra ahora, paga después” que van dejando huella en un historial que casi nunca se ve, pero que decide si te suben la tasa, te niegan una promoción o te cierran la puerta. Entender esas reglas invisibles y cómo se está escribiendo ese historial puede ser la diferencia entre financiar tu vida… o financiar intereses que nunca tendrían que haberte tocado.Sé parte de la primer temporada de Fírmame el Cheque. Si eres emprendedor y buscas inversión, entra a la liga que te dejaré a continuación, llena el formulario con la información de tu negocio y ya estarás compitiendo por un lugar en el programa: https://firmameelcheque.com/00:00 - Comprar todo a crédito: el número oculto que decide cuánto terminas pagando por la misma casa o el mismo auto00:44 - En México, 37% ya tiene algún crédito formal, pero millones siguen fuera del sistema por rechazo o miedo a endeudarse01:35 - Dos amigos, mismo coche, mismo contrato… uno paga cientos de miles de pesos más solo por su historial crediticio03:11 - De chismes y rumores al algoritmo: cómo pasamos de “lo que dicen de ti” a bases de datos financieras masivas05:38 - Reportes que juzgaban tu vida privada: hábitos, bares, sexualidad y “mala moral” usados como focos rojos financieros07:19 - Fair Credit Reporting Act: el intento de limpiar prejuicios y permitir ver y corregir tus propios archivos08:20 - Nace el FICO Score: confianza convertida en fórmula estadística que domina el crédito en Estados Unidos09:17 - En México, el FOAPROA, las crisis bancarias y el nacimiento de TransUnion, Dun & Bradstreet y Círculo de Crédito10:49 - “Compra ahora, paga después”: fintechs, BNPL y jóvenes que financian su consumo sin ver que es crédito disfrazado12:20 - Dos personas con mismo sueldo, pero historias financieras opuestas: así el sistema las trata como riesgos distintos14:03 - El boom de las tarjetas: casi 2 billones de pesos en crédito y 9 de cada 10 registros en Círculo de Crédito son positivos14:46 - Puntajes de 400 a 850: pagar tarde, usar casi todo tu límite y abrir muchas cuentas hunde tu score aunque ganes bien16:25 - La paradoja del historial: si nunca usas crédito, luego el sistema desconfía porque no tiene nada que evaluar18:21 - El mismo ingreso, pero tasas y seguros muy distintos: cómo un número se traduce en miles de pesos extra a lo largo de años19:07 - Las “manchas” no son eternas: los registros negativos caducan, pero la deuda legal sigue existiendo hasta que la atiendes20:11 - Fraudes del buró: nadie puede borrar tu historial por arte de magia, solo aprovechan el miedo y la desinformación20:32 - Menos del 24% lleva presupuesto y solo 39% registra sus deudas: la educación financiera sigue siendo el gran ausente21:58 - Invisibles para el sistema: millones sin historial buscan apoyo en ahorros y familia porque el banco ni los ve23:22 - IA, código postal y tipo de empleo: nuevos algoritmos que pueden repetir viejos sesgos de discriminación financiera25:51 - El lado positivo posible: IA y fintech que usan pagos de servicios y huella digital para abrir puertas a quienes nunca tuvieron crédito27:35 - Crédito como motor y trampa: acceso a casa y auto vs. vidas atrapadas en intereses altos por no entender el juego28:24 - No eres solo un número, pero ese número sí impacta toda tu vida financiera; entender las reglas te da algo de control

Think AI is about automating what you already do? That's the same mistake companies made moving to cloud, and FICO's Mike Trkay says you're about to waste millions proving it. Mike is Chief Information Officer (CIO) and Chief Customer Officer (CCO) at FICO, an analytics software company that processes billions of decisions per day and powers 80% of fraud detection. In this episode, Mike explains why 95% of AI projects never reach production, why companies are already repatriating workloads from large language models, and what really separates automation from transformation.   Chapters: 0:00 Introduction 1:23: Why FICO's CIO Is Also the Chief Customer Officer 4:52 The Office Space Problem: Why CIOs Are Really Translators   6:02 "Conduit in Chief" — The CIO's Real Job   6:45 How CIOs Accidentally Become Cost Centers 7:40 What FICO Actually Does (It's Not Just Credit Scores) 12:59 How Missile Guidance Tech Became Fraud Detection 17:59 When LLMs Can't Meet 150-Millisecond Latency 21:32 Why AI Strategy Is Harder Than It Looks 24:50 The Cloud Parallel: 5% Alignment and Why AI Projects Stall 27:08 "You're Just Doing a Bad Process Faster" 31:44 LLM Repatriation Is Already Happening 37:40 A FICO Score for AI Decisions 43:10 Global Regulation and Staying Ahead of Compliance 45:22 The Australian Banking Example: Focused Language Models in Practice 52:08 From Cost Center to Innovation Driver 54:40 What's Next: Agentic Architecture and Focused Sequence Models 57:49 "What's the Opportunity Today?" — The CIO Mindset Shift -- This episode of IT Visionaries is brought to you by Meter - the company building better networks. Businesses today are frustrated with outdated providers, rigid pricing, and fragmented tools. Meter changes that with a single integrated solution that covers everything wired, wireless, and even cellular networking. They design the hardware, write the firmware, build the software, and manage it all so your team doesn't have to.That means you get fast, secure, and scalable connectivity without the complexity of juggling multiple providers. Thanks to meter for sponsoring. Go to meter.com/itv to book a demo.---IT Visionaries is made by the team at Mission.org. Learn more about our media studio and network of podcasts at mission.org. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3525: Marcus Garrett shares practical, experience-backed strategies for reaching an elite credit score, emphasizing how small financial habits can dramatically reduce long-term costs. By focusing on key factors like payment history and credit utilization, listeners can unlock lower interest rates and accelerate their path to financial independence. The real payoff isn't just a higher score, it's saving money and reclaiming time. Read along with the original article(s) here: https://www.jackiebeck.com/800-credit-score-club/ Quotes to ponder: "Making positive payments each month and keeping your credit utilization (amount you owe) at $0 can quickly raise your score." "Instead of making only the minimum payment, target a credit card or loan you want to pay off and accelerate payments on the outstanding balance. By taking one action you get two positive benefits for your credit score." "You can always make more money, but you can never make more time." Episode references: Annual Credit Report: https://www.annualcreditreport.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3525: Marcus Garrett shares practical, experience-backed strategies for reaching an elite credit score, emphasizing how small financial habits can dramatically reduce long-term costs. By focusing on key factors like payment history and credit utilization, listeners can unlock lower interest rates and accelerate their path to financial independence. The real payoff isn't just a higher score, it's saving money and reclaiming time. Read along with the original article(s) here: https://www.jackiebeck.com/800-credit-score-club/ Quotes to ponder: "Making positive payments each month and keeping your credit utilization (amount you owe) at $0 can quickly raise your score." "Instead of making only the minimum payment, target a credit card or loan you want to pay off and accelerate payments on the outstanding balance. By taking one action you get two positive benefits for your credit score." "You can always make more money, but you can never make more time." Episode references: Annual Credit Report: https://www.annualcreditreport.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3525: Marcus Garrett shares practical, experience-backed strategies for reaching an elite credit score, emphasizing how small financial habits can dramatically reduce long-term costs. By focusing on key factors like payment history and credit utilization, listeners can unlock lower interest rates and accelerate their path to financial independence. The real payoff isn't just a higher score, it's saving money and reclaiming time. Read along with the original article(s) here: https://www.jackiebeck.com/800-credit-score-club/ Quotes to ponder: "Making positive payments each month and keeping your credit utilization (amount you owe) at $0 can quickly raise your score." "Instead of making only the minimum payment, target a credit card or loan you want to pay off and accelerate payments on the outstanding balance. By taking one action you get two positive benefits for your credit score." "You can always make more money, but you can never make more time." Episode references: Annual Credit Report: https://www.annualcreditreport.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Die FICO Aktie gehörte über Jahre zu den außergewöhnlich starken Gewinnern im Finanzsektor. Doch genau diese Erfolgsgeschichte steht 2026 erstmals spürbar unter Druck. In dieser Aktienanalyse zu Fair Isaac geht es um die zentrale Frage, ob der jüngste Absturz bereits eine attraktive Einstiegschance eröffnet oder ob der Markt ein strukturelles Problem im Geschäftsmodell vorwegnimmt. Grundlage dafür sind unter anderem die starke historische Kursentwicklung, die Rolle des FICO Score als Quasi-Standard im US-Kreditmarkt und die wachsende Bedeutung des Softwaregeschäfts. Im Fokus steht vor allem ein Thema: Der bisherige Burggraben von FICO ist nicht mehr unangreifbar. Mit VantageScore wird im US-Hypothekenmarkt erstmals eine ernstzunehmende Alternative zugelassen. Gleichzeitig rücken politische Untersuchungen zu Preismodellen und Marktmacht das Unternehmen stärker in den Blick. Hinzu kommt der Druck auf Softwarebewertungen, der viele Qualitätsunternehmen zuletzt belastet hat. Genau diese Mischung macht FICO derzeit so spannend und so schwierig zugleich. Der Podcast beleuchtet deshalb nicht nur Umsatz, Margen, Gewinnwachstum und Bewertung, sondern auch die entscheidende Frage, wie stabil das Geschäftsmodell in einem neuen Wettbewerbsumfeld wirklich noch ist. Dazu kommen ein Blick auf die Bilanz, die Eigentümerstruktur, die Entwicklung des Plattformgeschäfts und die charttechnische Lage nach dem massiven Rücksetzer. Auch die jüngsten Quartalszahlen und der Ausblick auf die nächsten Monate spielen dabei eine wichtige Rolle. 

Is your white-collar career about to be automated out of existence? We dive into the chilling 2028 forecast that sent the markets into a tailspin and reveal the "Barbell Strategy" for surviving the coming deflationary crisis.Welcome to the Alfalfa Podcast

Credit Card Churners are people who repeatedly open and close credit card accounts to primarily earn sign-up bonuses like cash back, points, or travel miles. Is this type of hack strategy illegal? On this episode, Jason and Peter ask financial expert and senior advisor at Magnetar, Roger Hochschild, to explain how this process works. We'll also have Roger clear up a few myths and answer some questions that you might also have when it comes to finance and credit cards. For example, does it actually hurt your credit score every time you check it? Is it actually a good thing or bad thing to pay off your credit card every month? Why do lenders look more at your Fico Score instead of your credit score? Roger also takes a moment to explain the process of closing our your loved ones credit cards after they have passed away. He'll also offer his advice on finding a good company for long term investments instead of trading. Learn more about your ad choices. Visit megaphone.fm/adchoices

 12-Month Bridge Loans with interest-only payments• Cash-Out Refis, Purchase Loans, Second Liens, and Portfolio Loans• Nationwide lending on non-owner occupied residential properties, including condos• No FICO minimum – We welcome credit-challenged borrowers• No income or employment verification• No seasoning required• No appraisal contingencies• We fund mid-foreclosure and past bankruptcy deals• Pure asset-based lending – • Closings in as fast as 3–5 daystune in and learn https://www.ddamortgage.com/blogDidier Malagies NMLS #212566dda mortgage nmls#324329 Support the show

In this NGPF Speaker Series episode, Tim interviews Keon Haley of FICO to unpack how credit scores work and how to teach them effectively. Keon shares his personal journey from limited financial conversations at home to discovering financial education's impact while working at a college Small Business Development Center, a passion that now drives his work at FICO's consumer credit education initiatives. They explore the 5 components of a FICO Score: payment history, credit utilization, length of credit history, new credit, and credit mix. Keon dispels myths about checking credit, joint scores, and rate shopping. They also discuss how credit reports influence more than borrowing, affecting rentals, insurance, and jobs. The episode concludes with audience Q&A on topics like buy now, pay later reporting, aging mortgages, and medical debt, with Keon highlighting FICO's free Score A Better Future tools and classroom-ready resources.  

#221: The ultimate guide to credit reports and scores—how they're calculated, what affects them, and proven ways to improve them. Specially, I'll cover how opening lots of credit cards impacts your credit. You'll also learn how to check your credit reports and scores for free, dispute errors, understand lender scoring models, protect your financial health, and more. Link to Full Show Notes: https://chrishutchins.com/credit-reports-credit-scores Partner Deals Superhuman: Free month of the fastest and best email with code ALLTHEHACKS Upwork: Free job posting to find, hire, and pay top freelance talent Fabric: Affordable term life insurance for you and your family MasterClass: Learn from the world's best with 15% off Copilot: Free 2 months access to my favorite personal finance app with code HACKS2 DeleteMe: 20% off removing your personal info from the web For all the deals, discounts and promo codes from our partners, go to: chrishutchins.com/deals Resources Mentioned Credit Bureaus Equifax Experian TransUnion Free Credit Report: AnnualCreditReport.com Credit Monitoring: Credit Karma |  Experian Credit Reporting Agencies Innovis Chex Clarity Services National Consumer Telecom & Utilities Exchange Early Warning Consumer Report LexisNexis Free FICO Scores: myFICO | Experian X Post on Couple's Credit Card Journey International Credit Data: Nova Credit Business Credit Scores Equifax Business Experian Dun & Bradstreet LexisNexis Business Credit Data: Small Business Financial Exchange Article: Understanding Business Credit Scores ATH Podcast Ep #78: Action List: Everything You Can Do To Protect Your Identity, Accounts, Credit and Family Leave a review: Apple Podcasts | Spotify Email for questions, hacks, deals, and feedback: podcast@allthehacks.com Full Show Notes (00:00) Introduction (02:03) Quick Background of the Credit Report Industry (04:54) What's on Your Credit Report (06:45) Soft vs. Hard Inquiries (10:04) How to Request Your Credit Report for Free (10:59) Filing for Disputes (12:37) Freezing Your Credit, Fraud Alerts, and Credit Monitoring (18:46) Credit Reporting Agencies (24:06) How to Remove Your Personal Information Online (26:24) Quick Overview of Credit Scores (29:36) How Credit Scores Are Calculated (35:33) FICO Score vs. Vantage Score (38:12) Upcoming (Big) Changes to Credit Scores (40:27) Where to Find Your Credit Scores (42:00) Analyzing Chris' Credit Scores (46:59) Two Main Factors That Impacted Chris' Credit Score (48:58) How the Points & Miles Game Impacts Credit Scores (53:12) The Impact of Closing a Credit Card (56:36) Ways to Improve Your Credit Score (59:21) Adding an Authorized User to Your Credit Card (1:01:59) How to Leverage Your International Credit Score (1:02:53) Quick Overview of Business Credit Scores Connect with Chris Newsletter | Membership | X | Instagram | LinkedIn Editor's Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices

We have talked a lot about credit scores in past episodes – the importance of credit, credit scores for newcomers, and ways to improve your score but how are Canadians doing overall when it comes to their credit health. We have Tommy Lee, Senior Director at FICO, joins us to take us through some insights on the FICO Score and Canadians credit health. Find out more at fico.com and connect on LinkedIn.

Today we're talking about the Medical Fraud Case of the Month - and, if you're not doing this one thing - you're definitely overpaying for healthcare and risking your financial life. Finally, Dr. Virgie reveals why your low FICO credit score might be because of this hidden illegal activity debt collectors don't want you to know! https://ocrportal.hhs.gov https://consumer.ftc.gov/articles/sample-letter-credit-bureaus-disputing-errors-credit-reports

Does it matter HOW you pay off your mortgage early as long as you do? Check out the pros and cons of two methods for paying off your mortgage early that might help you choose the one that is right for YOU. 00:00 – Intro 00:52 – William and Patrick's Story 06:47 – Two Ways to Pay Off Your Mortgage Early Today's Story goes through two examples of how you could obtain a mortgage - with and without a credit score. Jay highlights the pros and cons of each and leaves the decision up to YOU as to which is right for YOU. In the Main Topic today, Jay shares two ways to pay off your mortgage. This topic was inspired by a comment on one of our YouTube videos. Jay gives the math and facts behind the pros and cons of these two alternative ways to pay. Let us know what you think in the comments! Please don't forget to like, share, and subscribe! Doing so helps us grow and share HopeFilled financial wisdom. We release a new full episode every Tuesday! Disclaimer: This podcast serves as educational entertainment only. Any and all opinions relating to real estate, law, taxes, insurance, and/or securities investing that may be contained within this podcast should not be interpreted or implemented as recommendations nor advice. The opinions related to these topics – especially those regulated by state and/or federal entities – should never be taken as replacement for advice from a competent, licensed professional. HopeFilled Financial Coaching is not liable for any individual acting on any understanding of topics directly or indirectly related to real estate, legal practice, taxes, insurance, or investing even if an individual in question changed their understanding after listening to this podcast. All listeners are entirely responsible for seeking advice from licensed professionals before taking any action of their own. Our Website: HopeFilledFinancial.com Music: "Take Me Higher" by Jahzzar Music Copyright License: This music is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/b... or send a letter to Creative Commons, PO Box 1866, Mountain View, CA 94042, USA.

Have you heard about the Approved Card? Or Experian's Smart Money Debit Card? Learn why you should be skeptical. 00:00 – Intro 00:39 – Suze Orman's Approved Card Scam 27:14– Travis Kelce Advertisement for Experian Smart Money Debit Card Today's Story is a review of the documentary "How Suze Orman SCAMMED the Working Class" https://www.youtube.com/watch?v=GkePKT-Y7IQ. If you don't know anything about Suze Orman's Approved Card, this may shock you! In the Main Topic today, Jay reacts to Travis Kelce's advertisements with Experian's Smart Money Debit Card. Be skeptical, all you listeners! Find out why in today's episode. Resources: https://www.myfico.com/credit-education/whats-in-your-credit-score  https://finance.yahoo.com/news/suze-orman-approved-card-now-201500250.html  https://www.youtube.com/watch?v=I7BO9PkirLk  https://youtu.be/RHb63pZ39FY  https://www.youtube.com/watch?v=l8uweNakihk  https://www.experian.com/money/experian-smart-money/  https://www.experian.com/help/boost-disclosure/  https://www.experian.com/consumer-products/score-boost.html Please don't forget to like, share, and subscribe! Doing so helps us grow and share HopeFilled financial wisdom. We release a new full episode every Tuesday! Disclaimer: This podcast serves as educational entertainment only. Any and all opinions relating to real estate, law, taxes, insurance, and/or securities investing that may be contained within this podcast should not be interpreted or implemented as recommendations nor advice. The opinions related to these topics – especially those regulated by state and/or federal entities – should never be taken as replacement for advice from a competent, licensed professional. HopeFilled Financial Coaching is not liable for any individual acting on any understanding of topics directly or indirectly related to real estate, legal practice, taxes, insurance, or investing even if an individual in question changed their understanding after listening to this podcast. All listeners are entirely responsible for seeking advice from licensed professionals before taking any action of their own. Our Website: HopeFilledFinancial.com Music: "Take Me Higher" by Jahzzar Music Copyright License: This music is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/b... or send a letter to Creative Commons, PO Box 1866, Mountain View, CA 94042, USA.

Our guest this episode is Larry Rosenberger, Research Fellow at FICO and formerly CEO and VP of R&D at FICO. The views Larry expresses in this episode are his and not necessarily those of FICO. He's also an advisor and serves on multiple Boards of Directors for early-stage startups. Larry came out of MIT and the UC Berkeley College of Engineering. We talk about predictive and behavior analytics for decision-making, covering such topics as: How the FICO Score got started. What FICO brings to the financial system beyond the score. What is the Champion/Challengers approach to analytics with a learning element attached? The 3-step method for evaluating where you stand in your career. An overview of predictive analytics. The evolution from predictive only analytics to prescriptive analytics. The four pillars of behavior analytics. Creating conversations that actually work. Some helpful links: Fico.com Larry Rosenberger on LinkedIn Envestnet Yodlee    

The Fat One returns with a recap of his day in Fat Acres which included the coupon, meeting with the carpentry handyman and LOTS of nattering. Happy National Something on a Stick Day.

Tallywell is an AI-modeled health management app that empowers you to care for yourself and your loved ones with confidence. In the complex and expensive world of health care, we're your first step toward clarity, understanding, and preparation. Every day, your Apple Watch collects data on the way you live and move. Tallywell puts that data to use, learning your habits and providing actionable insights to keep you in the driver seat of your family's health. Live freely with the knowledge that you're keeping yourself and your family on a path to better health. CEO Candice Paik joins Justin to discuss this new health tech app.

For this episode of Ask KT and Suze Anything, Suze answers questions about CD maturities, correcting mistakes, caregiving and so much more. Get your savings going with Alliant Credit Union: https://bit.ly/3rg0Yio Get Suze's special offers for podcast listeners at suzeorman.com/offer Join Suze's Women & Money Community for FREE and ASK SUZE your questions which may just end up on her podcast! To ask Suze a question, download the app by following one of these links: CLICK HERE FOR APPLE: https://apple.co/2KcAHbH CLICK HERE FOR GOOGLE PLAY: https://bit.ly/3curfMISee omnystudio.com/listener for privacy information.

Brr! Baby, it's cold outside! But don't worry, we've got the perfect episode to keep you warm and informed during Georgia's chilly season. Welcome back to GoGaddis Real Estate Radio, your go-to source for real estate wisdom. I'm your host, Cleve Gaddis, and today, we're diving into two topics that will make you feel toasty inside. Georgia's wet and cold season is upon us: Do you love curling up in front of a roaring fire? If so, it's essential to know the right types of wood to use and why. We'll explore this cozy topic and share tips on keeping your fireplace burning bright. FICO Score 9 - What you need to know: Credit scores can be a mystery, but not after this episode. We received an excellent question about the FICO 9 score and its implications. We'll break down the FICO score range and what a score of 718 means for your financial well-being. Join us for a fireside chat that'll warm your heart and expand your financial knowledge. Whether you're a fireplace enthusiast or eager to understand your credit better, we've got you covered. Don't miss out on this informative and seasonally appropriate episode of GoGaddis Real Estate Radio, where we make real estate easy to understand. Let's cozy up and get credit-savvy together. Tune in now! Host of GoGaddis Radio, Cleve Gaddis, has been a fixture in metro Atlanta real estate since 2000. He has served Atlanta since 1987 by helping thousands of buyers and sellers make smart decisions. As a Co-Team Leader of Modern Traditions Realty Group, he is able to help clients and real estate agents alike. He has the heart of a teacher and is passionate about helping listeners learn the ups and downs and the ins and outs of smart home buying and selling all throughout metro Atlanta. If you have a question for Cleve, click here : https://gogaddisradio.com/ask-a-question If you are looking to buy or sell your home with Cleve, click here : https://moderntraditionsrealty.net/contact If you are looking to join a real estate team, click here : https://moderntraditionsrealty.net/career-opportunity

This episode is the next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener's frequently asked questions.  These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question.  One of the most frequent questions we hear is should we combine our accounts now that we are married?  This question does not just apply to young couples, it also applies to second and third marriages – which can also complicate issues, particularly when young children are involved. There is not a set answer to this question because there are many considerations involved.  Patti sets out the pros and cons of each as she tackles this complicated topic.

What’s a credit score? Do you know? When do you get one and how is it calculated? And why does your score even matter? Well, turns out, it does. Find out those answers in more in season 2 episode 5 of the Cash Kid Podcast. Learn more about your ad choices. Visit megaphone.fm/adchoices Transcript What’s a Credit Score? Welcome back to another episode of the Cash Kid Podcast. Whether you're listening from Amazon Music, Apple Podcasts, Spotify, the Cash Kid Podcast website, or wherever you like to listen from, we’re glad you are here! This is episode 5 of season 2 where each week we dive into different financial terms we need to know to become cash kids. This week, what is a credit score? Do you have a credit score? If so, how is it calculated? What’s a good score? And can you just ask people what their score is? Those answers and more coming up. Plus, another book review this week. The Cash Kid Podcast is underway! Intro tease: So you’ve got some cash. Maybe from an allowance, or that money your grandma gave you for your 7th birthday. Here you go, sweetie. Thanks, Grandma. Whatever it is, what are you going to do with it? Spend it, hide it away… or maybe invest it? Let’s start learning how to make that money grow. Time to learn how to be a cash kid. Last week we discussed the difference between debit and credit. We stated that credit is money that’s borrowed from a lender in return that you agree to pay it back, usually with interest. But how well you pay it back, how often, and how much credit you have all can feed into your credit score. Now, for kids my age, we don’t have credit scores yet. But, let’s compare it to an adult’s grade point average or GPA. At my age, we worry about our GPA by the grades we get in school. It’s based on how well we perform in our classes. A credit score is kind of similar. A credit score is a prediction of your credit behavior. Like, how likely are you to actually pay back a loan on time. Let’s say you turn 18 and open a simple credit card with a $5,000 limit. If you spend it all but then forget to pay it back, or at least make the minimum payment each month… guess what… your credit score will take a hit and start to go down. Credit scores range from 300 to 850. I tried figuring out why “these” numbers. I mean why not start at zero? But I haven’t found a clear answer yet. So, just remember the score ranges from 300 to 850. The higher the number the better. A score below 700 is considered “fair” credit… we’ll equate that to getting a “C” average. Anything around 700 to 800 is good,... say an A-B average and over 800 is considered exceptional or A+. In 2022, the average FICO Score in the U.S. reached 714. There are actually several sites where you can check your credit score at any time. But how can you achieve those higher numbers? Many times this is a mystery to most. I’ve learned most adults don’t even know what their score is. And why does it even matter what your score is? We’ll discuss this more coming up, after this book review from my Mom. (music) This week we are spotlighting an activity book. The title is “Investing for Kids Activity Book” by Justine Nelson. It has over 65 activities about savings, investing, and growing your money that kids can easily work through to get a concept of how money works and how they can work to make it. Each workbook activity takes less than 5 minutes. The book can be found on sites like Amazon and Wal-Mart for less than ten dollars. Stocking stuffer for sure that will pay dividends! (music) Thanks Mom! Alright. So, why does your credit score matter? It matters because companies use your credit score to decide on whether to offer you money to borrow to make purchases like a house, or a car. Like our $5,000 dollar credit card example earlier where he forgot to pay it back or make payments on time. Say that same person went to try and buy a car and needs a loan to do it, which would be another line of credit. The car dealership will look at his credit score and say, “Hey, your score isn’t great because you show as being behind in paying back your debt.” So, no car for you! There are actually several factors that impact your credit score. Here are some. Your bill-paying history is one. Like in our example, how well do you pay your bills? Another factor is how much current unpaid debt you have. So how many lines of credit do you have open and how much do you still owe on each of those? Also, the number and type of loan accounts you have. We’ll just say most adults have a car loan and a mortage (your house payment). If you have those two but you pay the balances each month, on time, then this type of practice can increase your score. Another factor is how much of your available credit are you using. So if you have a $5,000 dollar credit card and it’s maxed out that month but you pay it back within the month, that can help your score. But if you don’t, and let’s say you have three cards all maxed out… that isn’t going to help. Trust me… we could go on and on about the ins and outs of a credit score. At this age, the moral of the story is this. Building credit is good. It’s a way to show you are financially responsible. But getting lines of credit with the intention of not having the income to pay it back and pay it off, well, that’s gonna affect your score… it’s the same as not listening in class and studying and it affects your GPA. And one more thing to touch on about how having a lower score can hurt you. See, when you open a line of credit, you are given an interest rate. This is basically a fee you pay for borrowing the money. The higher your credit score the lower the interest rate, which means the less amount you will be charged by the lender as a fee for borrowing money. But the lower your score, well the higher the interest rate. Here’s a quick example. Let’s say you have a good score and get a nice low-interest rate of 5% on a $5,000 loan that you need to pay back within 5 years. You’ll pay a total of $661 in interest. But if you have bad credit then on the same $5,000 loan let’s say you are given a 10% interest rate and you’ll pay $1,347 in interest. See the difference? Same loan amount, but because you are trusted less, you get charged more. Build trust, build a better score… it matters. And I asked the question, can you ask someone what their credit score is? Dad: “No, that’s not something people do.” Was the answer I was given. So, it’s mostly between you and the lenders. So don’t go around asking people their scores. But, discuss this with your parents and have an open conversation about how you want help to build a good score one day. Listening to The Cash Kid Podcast, we can guarantee will help. Cash Kids, we have more terms, discussions, and skills to learn. Thank you for tuning in to this episode. If you have a question, please, reach out to me at cashkidspodcast@gmail.com and I’ll answer it in a future episode. You can also reach out via our website at cashkidpodcast.com. Follow us on Instagram and wherever you are listening, leave a review! We need your help reaching a larger audience and building the financial skills of the next generation. Cash Kid, out! Disclaimer: The information presented represents the views and opinions of the guests. This show does not intend to provide personal investment advice through this podcast. This content has been made for informational and educational purposes only. To make a full and informed investment decision, we advise you to speak with a financial advisor and for kids, definitely your parents first before investing.

Today we're talking about the Medical Fraud Case of the Month - and, if you're not doing this one thing - you're definitely overpaying for healthcare and risking your financial life. Finally, Dr. Virgie reveals why your low FICO credit score might be because of this hidden illegal activity debt collectors don't want you to know! https://ocrportal.hhs.gov https://consumer.ftc.gov/articles/sample-letter-credit-bureaus-disputing-errors-credit-reports

Today we're talking about the Medical Fraud Case of the Month - and, if you're not doing this one thing - you're definitely overpaying for healthcare and risking your financial life. Finally, Dr. Virgie reveals why your low FICO credit score might be because of this hidden illegal activity debt collectors don't want you to know! https://ocrportal.hhs.gov https://consumer.ftc.gov/articles/sample-letter-credit-bureaus-disputing-errors-credit-reports

Today we're talking about the Medical Fraud Case of the Month - and, if you're not doing this one thing - you're definitely overpaying for healthcare and risking your financial life. Finally, Dr. Virgie reveals why your low FICO credit score might be because of this hidden illegal activity debt collectors don't want you to know! https://ocrportal.hhs.gov https://consumer.ftc.gov/articles/sample-letter-credit-bureaus-disputing-errors-credit-reports

En este episodio te hablo de los Fico Scores y también te dejo el link del Episodio No.9 que te habla de Cómo mejorar tu puntaje de crédito Si tienes preguntas o dudas me puedes escribir a dineropodcast@gmail.com o a mi cuenta de instagram @jenniferhp15 Nos vemos la próxima semana. ¡Chao!

Dave Ramsey & Jade Warshaw answer your questions and discuss: "I'm in a lawsuit with cofounders of my company," Getting out of upside down cars (and motorcycles), "Am I saving too much or should I enjoy my life more?" read more: Why You Need Some Fun Money in Your Budget, Things to do to create margin in your budget, "What should my net worth ratio be?" "Are we able retire now?" "Preparing for high interest rates on a home," Covering an emergency while in debt, "Should I sell my house to pay of business debt?" "Should I use my gold & silver to pay off debt?" "When would you recommend bankruptcy?" "How do we set goals after paying off debt?" Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Support Our Sponsors: Zander Insurance BetterHelp Balance of Nature Neighborly EveryDollar, budget for the life you want today for free: Click Here Want a plan for your money? Find out where to start: Click Here Listen to all The Ramsey Network podcasts: Click Here Interested in advertising on The Ramsey Show? Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Marcus Garrett with Jackie Beck shares how to get your credit score to 800 Episode 2445: The 800 Credit Score Club: 4 Tricks to Quickly Increase Your FICO Score by Marcus Garrett with Jackie Beck Jackie and her husband paid off over $147,000 in debt, including their house! She's walked the walk to become completely debt free, and she wants to help you do the same with her award-winning Pay Off Debt by Jackie Beck app. Jackie and her app have been featured in Oprah Magazine, MarketWatch, Forbes, CNBC, and more. The original post is located here: https://www.jackiebeck.com/800-credit-score-club/ Visit Me Online at OLDPodcast.com  Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Marcus Garrett with Jackie Beck shares how to get your credit score to 800 Episode 2445: The 800 Credit Score Club: 4 Tricks to Quickly Increase Your FICO Score by Marcus Garrett with Jackie Beck Jackie and her husband paid off over $147,000 in debt, including their house! She's walked the walk to become completely debt free, and she wants to help you do the same with her award-winning Pay Off Debt by Jackie Beck app. Jackie and her app have been featured in Oprah Magazine, MarketWatch, Forbes, CNBC, and more. The original post is located here: https://www.jackiebeck.com/800-credit-score-club/ Visit Me Online at OLDPodcast.com  Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

In a tumultuous 2020, John Stauffer and Brian Cristol launched ISO Technologies (ISO), aiming to be the freight industry's central source of truth. As OTIF (on time in full) reshaped shipping, ISO's solution became vital, scoring freight performance akin to FICO for credit. With this, ISO offers a neutral platform for data-backed excellence in logistics. With funding from industry giants like Maersk, the company aspires to establish ISO scores as the industry benchmark. OTR SOLUTIONS This episode is brought to you by OTR Solutions, your one-stop solution for freight brokerages & carriers. They offer comprehensive factoring solutions, expert accounting, efficient funding, and tech assistance, along with quick pay options and a dedicated team to streamline your invoicing, billing, and cash flow - reach out at https://otrsolutions.com/freight-caviar/ or call (770) 882-0124 to learn more. ASCEND TMS (TheFreeTMS.com) This episode is also brought to you by AscendTMS, the world's most popular & best-rated TMS. Use our referral code RA-FreightCaviar! to receive 3 months of AscendTMS Premium for free. It only takes 20 seconds to sign up and no credit card is required. Click here to learn more: https://inmotionglobal.com/features/freightcaviarInterested in sponsoring our podcast? Send us an email at pbj@freightcaviar.com. Support the show

This Episode is for the collective and we are discussing Your FICO score, how many of us are burried in debt because of it? Sure, its a necessary evil that we need in order to move and elevate through society. To get a good job and utilities even a mortgage or car loan, but how many of us get in way over our heads?--- Send in a voice message: https://podcasters.spotify.com/pod/show/dailylifetip/messageSupport the showhttps://chat.openai.com/g/g-8E47AuJfB-life-points-assistanthttps://FaceBook.com/Lifepointswithronda1https://youtube.com/@lifepointswithronda2968https://TikTok.com/@lifepointswithrondahttps://Instagram.com/@lifepointswithrondahttps://Patreon.com/@lifepointswithrondahttps://Lifepointswithronda.com

Muchos de nosotros no nos damos cuenta de la importancia de tener un buen puntaje de crédito, también conocido como FICO Score. En este país, el puntaje de crédito es como tener una tarjeta VIP que te brinda acceso a los mejores eventos financieros y productos con precios más favorables.

Is it possible to borrow $500,000 and pay NO interest? How can you make that work in your favor to build your business or wealth faster? That's what our guest, Brandon Elliott, shares with us today. Tune in to find out how this is made possible.

This episode is next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener's frequently asked questions.  These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question. In today's episode, Patti reviews five key concepts of credit.  It's very important for every consumer to know how their credit score is determined and how to keep a good score.  Patti also reveals that a significant change is going into effect this summer that may be very detrimental to many consumers.  Listen today to protect your credit rating against any negative consequences!  

This week's episode of Grow Money Business features Dionne Perry. Dionne is an author, speaker, and board-certified Credit Consultant. Dionne has created Credit-Lit Ambassador programs to empower youth and train educators, counselors, community activists, financial advisors, and other adults on credit scoring processes. Join us as we dive into credit literacy, the FICO score, how to improve your credit score, how to handle credit disputes, and more. [06:03] Credit Literacy – Dionne starts the conversation by sharing the backstory of how credit literacy became her passion. [13:22] FICO score – Grant and Dionne discuss how a FICO Score evaluates a borrower's creditworthiness based on payment history, current indebtedness, types of credit used, credit history, and new credit accounts. [20:41] Improving Credit Score – Dionne shares some of the fastest and easiest ways to improve your credit score. [28:58] Credit Dispute – Dionne explains how the credit dispute process works. [36:14] The Importance – Grant and Dionne discuss the importance of your credit score and how it impacts everything in your life.   Resources Good Credit - What It Is, How To Get It, and How to KEEP It! credit-lit.com Credit-Lit Credit 101 for Teens  amazon.com/Credit-Lit-Credit-101-for-Teens/

When growing a real estate investing business, having a good FICO Score is a key factor in obtaining capital and achieving the highest return on investment. Hard money or private money lenders use this score to determine if they should give a loan to the borrower and what interest rate they should set. In most cases, hard money lenders look at your FICO Score before pre-qualifying your application and approving your loan. So, let's take a look at FICO Scores, how it's determined, and some steps you can take to improve your score over time. Learn more about your ad choices. Visit megaphone.fm/adchoices

On today's episode, Editor in Chief Sarah Wheeler talks with Managing Editor James Kleimann about the FHFA's timeline for replacing the classic FICO credit score model. The two also discuss the latest news on appraisal bias.Related to this episode:FHFA announces timeline to sunset FICO Classic credit modelCFPB and DOJ: Lenders are liable for appraisal discriminationHousingWire's YouTube ChannelEnjoy the episode!Gathering of Eagles will bring together the nation's top residential real estate CEOs, Presidents, and C-Level leadership teams to grow, network, and set the pace for what's next in our industry. 2023's Gathering of Eagles is at Omni Barton Creek Resort in the rolling hill country of Austin, Texas from June 18-21. Click here to learn more and register your spot!The HousingWire Daily podcast examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted and produced by the HW Media team.

Introduction Kurt Grassett is the owner and General Manager of Norway Hill Home Inspections, a home inspection company in Peterborough, New Hampshire with over 800 5-star reviews where they love loves teaching prospective home buyers about their new home. When not working Kurt likes to fly fish, travel to see his kids, and ride his motorcycle. Get In Touch With Our Guest, Kurt Grassett If you'd like to get in touch with our guest today, click on the link below and I will send you a warm introduction: Get In Touch With Our Podcast Guest Today Find The Perfect Real Estate Agent Near You If you'd like to find a great real estate agent near you, just go to this link: Real Estate Agent Near Me Podcast Sponsors Find an Agent with HomeFlow: The key to having a calm and successful home buying experience starts with having the best real estate agent. This is why you need to interview a few. To get the process started just go to Tryhomeflow.com Dovly: 10 million of Americans have errors in their credit reports that lower their credit score. To fix those error try Dovly.com MyFico: 90% of top lenders use FICO® Scores—do you know yours? Check your FICO Score at MyFico.com The Smart Home Buyer Calculator: Use our 4-in-1 super-smart calculator to make sure you know your numbers before buying your first home. Get it now at The Smart Home Buyer Calculator Rate The Podcast Click on this link to Rate and Review "The First Time Home Buyer Podcast" on iTunes. You can also subscribe to the podcast there. I will really appreciate it, thanks so much in advance! Listen To A Podcast Guest In Your Area If you'd like to find podcast guests for your specific location or profession just click on the link below to search for them: Podcast Guest Search Awesome Resources For First-Time Home Buyers If you'd like to access other great resources for first-time home buyers just click on this link: First-Time Home Buyer Resources Let's Talk I'd love to talk to podcast listeners and get to know you all better! I can also help you answer any questions you have about buying your first home! So if you'd like to talk about that let's jump a quick call! Just schedule a time that works for you here: Schedule A Call With Laura Moreno Feedback I love receiving feedback so please, if you'd like to tell me how you'd improve the podcast, send me an email or schedule a call with me for that works for you here: Schedule A Call With Laura Moreno Share The Love If you know someone looking to buy their first home and you think this information would help them,  just share it with them. They will really appreciate it. Subscribe To The Podcast Apple | Google | Spotify | Stitcher | iHeart Connect On Social Media YouTube | Instagram | Facebook | Twitter | LinkedIn Do you want to start your own podcast? Then enroll in The Free Podcast Course today, which is the course that I followed to create this podcast.

[fusebox_track_player url="xxx" ] Introduction Amy Slotnick is a SVP, Branch Manager, and Senior Mortgage Advisor in Newton, MA. She is a 40-year veteran of the mortgage industry and she is passionate about educating buyers through the home financing process. In her free time, she enjoys visiting her daughter, son-in-law, and new grandson in Washington, D.C. Get In Touch With Our Guest, Amy Slotnick If you'd like to get in touch with our guest today, click on the link below and I will send you a warm introduction: Get In Touch With Our Podcast Guest Today Find The Perfect Real Estate Agent Near You If you'd like to find a great real estate agent near you, just go to this link: Real Estate Agent Near Me Podcast Sponsors Find an Agent with HomeFlow: The key to having a calm and successful home buying experience starts with having the best real estate agent. This is why you need to interview a few. To get the process started just go to Tryhomeflow.com Dovly: 10 million of Americans have errors in their credit reports that lower their credit score. To fix those error try Dovly.com MyFico: 90% of top lenders use FICO® Scores—do you know yours? Check your FICO Score at MyFico.com The Smart Home Buyer Calculator: Use our 4-in-1 super-smart calculator to make sure you know your numbers before buying your first home. Get it now at The Smart Home Buyer Calculator Rate The Podcast Click on this link to Rate and Review "The First Time Home Buyer Podcast" on iTunes. You can also subscribe to the podcast there. I will really appreciate it, thanks so much in advance! Listen To A Podcast Guest In Your Area If you'd like to find podcast guests for your specific location or profession just click on the link below to search for them: Podcast Guest Search Awesome Resources For First-Time Home Buyers If you'd like to access other great resources for first-time home buyers just click on this link: First-Time Home Buyer Resources Let's Talk I'd love to talk to podcast listeners and get to know you all better! I can also help you answer any questions you have about buying your first home! So if you'd like to talk about that let's jump a quick call! Just schedule a time that works for you here: Schedule A Call With Laura Moreno Feedback I love receiving feedback so please, if you'd like to tell me how you'd improve the podcast, send me an email or schedule a call with me for that works for you here: Schedule A Call With Laura Moreno Share The Love If you know someone looking to buy their first home and you think this information would help them,  just share it with them. They will really appreciate it. Subscribe To The Podcast Apple | Google | Spotify | Stitcher | iHeart Connect On Social Media YouTube | Instagram | Facebook | Twitter | LinkedIn Do you want to start your own podcast? Then enroll in The Free Podcast Course today, which is the course that I followed to create this podcast! Transcript This is an automatic transcription (sorry for the typos in advance!

Introduction Mike La Stella is a realtor in Bergen County, New Jersey. He loves working with home buyers to guide them through the process of buying their first home. He is also a husband and father of two. When he is not working, he loves traveling with his wife and cannot wait to start taking their kids with them! Get In Touch With Our Guest, Michael La Stella If you'd like to get in touch with our guest today, click on the link below and I will send you a warm introduction: Get In Touch With Our Podcast Guest Today Find The Perfect Real Estate Agent Near You If you'd like to find a great real estate agent near you, just go to this link: Real Estate Agent Near Me Podcast Sponsors Find an Agent with HomeFlow: The key to having a calm and successful home buying experience starts with having the best real estate agent. This is why you need to interview a few. To get the process started just go to Tryhomeflow.com Dovly: 10 million of Americans have errors in their credit reports that lower their credit score. To fix those error try Dovly.com MyFico: 90% of top lenders use FICO® Scores—do you know yours? Check your FICO Score at MyFico.com The Smart Home Buyer Calculator: Use our 4-in-1 super-smart calculator to make sure you know your numbers before buying your first home. Get it now at The Smart Home Buyer Calculator Rate The Podcast Click on this link to Rate and Review "The First Time Home Buyer Podcast" on iTunes. You can also subscribe to the podcast there. I will really appreciate it, thanks so much in advance! Listen To A Podcast Guest In Your Area If you'd like to find podcast guests for your specific location or profession just click on the link below to search for them: Podcast Guest Search Awesome Resources For First-Time Home Buyers If you'd like to access other great resources for first-time home buyers just click on this link: First-Time Home Buyer Resources Let's Talk I'd love to talk to podcast listeners and get to know you all better! I can also help you answer any questions you have about buying your first home! So if you'd like to talk about that let's jump a quick call! Just schedule a time that works for you here: Schedule A Call With Laura Moreno Feedback I love receiving feedback so please, if you'd like to tell me how you'd improve the podcast, send me an email or schedule a call with me for that works for you here: Schedule A Call With Laura Moreno Share The Love If you know someone looking to buy their first home and you think this information would help them,  just share it with them. They will really appreciate it. Subscribe To The Podcast Apple | Google | Spotify | Stitcher | iHeart Connect On Social Media YouTube | Instagram | Facebook | Twitter | LinkedIn Do you want to start your own podcast? Then enroll in The Free Podcast Course today, which is the course that I followed to create this podcast!

Introduction Michael Conrad is a building scientist and a serial entrepreneur that runs a company called, DILIGENT, a home inspection company based in Nashville, TN with over 1,000 5-Star Reviews. DILIGENT is the ultimate One-Stop Shop for inspection services in the mid-Tennessee area. You might have also seen Michael on his YouTube channel as “The Diligent Inspector”. Get In Touch With Our Guest, Michael Conrad If you'd like to get in touch with our guest today, click on the link below and I will send you a warm introduction: Get In Touch With Our Podcast Guest Today Find The Perfect Real Estate Agent Near You If you'd like to find a great real estate agent near you, just go to this link: Real Estate Agent Near Me Podcast Sponsors Find an Agent with HomeFlow: The key to having a calm and successful home buying experience starts with having the best real estate agent. This is why you need to interview a few. To get the process started just go to Tryhomeflow.com Dovly: 10 million of Americans have errors in their credit reports that lower their credit score. To fix those error try Dovly.com MyFico: 90% of top lenders use FICO® Scores—do you know yours? Check your FICO Score at MyFico.com The Smart Home Buyer Calculator: Use our 4-in-1 super-smart calculator to make sure you know your numbers before buying your first home. Get it now at The Smart Home Buyer Calculator Rate The Podcast Click on this link to Rate and Review "The First Time Home Buyer Podcast" on iTunes. You can also subscribe to the podcast there. I will really appreciate it, thanks so much in advance! Listen To A Podcast Guest In Your Area If you'd like to find podcast guests for your specific location or profession just click on the link below to search for them: Podcast Guest Search Awesome Resources For First-Time Home Buyers If you'd like to access other great resources for first-time home buyers just click on this link: First-Time Home Buyer Resources Let's Talk I'd love to talk to podcast listeners and get to know you all better! I can also help you answer any questions you have about buying your first home! So if you'd like to talk about that let's jump a quick call! Just schedule a time that works for you here: Schedule A Call With Laura Moreno Feedback I love receiving feedback so please, if you'd like to tell me how you'd improve the podcast, send me an email or schedule a call with me for that works for you here: Schedule A Call With Laura Moreno Share The Love If you know someone looking to buy their first home and you think this information would help them,  just share it with them. They will really appreciate it. Subscribe To The Podcast Apple | Google | Spotify | Stitcher | iHeart Connect On Social Media YouTube | Instagram | Facebook | Twitter | LinkedIn Do you want to start your own podcast? Then enroll in The Free Podcast Course today, which is the course that I followed to create this podcast! Transcript This is an automatic transcription (sorry for the typos in advance!

Introduction Lee Barroll is a loan originator in Nashville, TN. He has 26 years of experience and enjoys helping all types of homebuyers accomplish their goals. When not working, he loves hanging out with his 2 dogs, Charlie and Bernie. Get In Touch With Our Guest, Lee Barroll If you'd like to get in touch with our guest today, click on the link below and I will send you a warm introduction: Get In Touch With Our Podcast Guest Today Find The Perfect Real Estate Agent Near You If you'd like to find a great real estate agent near you, just go to this link: Real Estate Agent Near Me Podcast Sponsors Find an Agent with HomeFlow: The key to having a calm and successful home buying experience starts with having the best real estate agent. This is why you need to interview a few. To get the process started just go to Tryhomeflow.com Dovly: 10 million of Americans have errors in their credit reports that lower their credit score. To fix those error try Dovly.com MyFico: 90% of top lenders use FICO® Scores—do you know yours? Check your FICO Score at MyFico.com The Smart Home Buyer Calculator: Use our 4-in-1 super-smart calculator to make sure you know your numbers before buying your first home. Get it now at The Smart Home Buyer Calculator Rate The Podcast Click on this link to Rate and Review "The First Time Home Buyer Podcast" on iTunes. You can also subscribe to the podcast there. I will really appreciate it, thanks so much in advance! Listen To A Podcast Guest In Your Area If you'd like to find podcast guests for your specific location or profession just click on the link below to search for them: Podcast Guest Search Awesome Resources For First-Time Home Buyers If you'd like to access other great resources for first-time home buyers just click on this link: First-Time Home Buyer Resources Let's Talk I'd love to talk to podcast listeners and get to know you all better! I can also help you answer any questions you have about buying your first home! So if you'd like to talk about that let's jump a quick call! Just schedule a time that works for you here: Schedule A Call With Laura Moreno Feedback I love receiving feedback so please, if you'd like to tell me how you'd improve the podcast, send me an email or schedule a call with me for that works for you here: Schedule A Call With Laura Moreno Share The Love If you know someone looking to buy their first home and you think this information would help them,  just share it with them. They will really appreciate it. Subscribe To The Podcast Apple | Google | Spotify | Stitcher | iHeart Connect On Social Media YouTube | Instagram | Facebook | Twitter | LinkedIn Do you want to start your own podcast? Then enroll in The Free Podcast Course today, which is the course that I followed to create this podcast! Transcript This is an automatic transcription (sorry for the typos in advance!

Introduction Mike Sposato is the Owner and Managing Broker of Carolina Realty Advisors in Charlotte, North Carolina. He has been a Realtor for over 20 years and works with buyers and sellers all over the Greater Charlotte area. When not working Mike loves to travel, go to his beach house, and be on his boat. He is also an avid sports fan. Get In Touch With Our Guest, Mike Sposato If you'd like to get in touch with our guest today, click on the link below and I will send you a warm introduction: Get In Touch With Our Podcast Guest Today Find The Perfect Real Estate Agent Near You If you'd like to find a great real estate agent near you, just go to this link: Real Estate Agent Near Me Podcast Sponsors Find an Agent with HomeFlow: The key to having a calm and successful home buying experience starts with having the best real estate agent. This is why you need to interview a few. To get the process started just go to Tryhomeflow.com Dovly: 10 million of Americans have errors in their credit reports that lower their credit score. To fix those error try Dovly.com MyFico: 90% of top lenders use FICO® Scores—do you know yours? Check your FICO Score at MyFico.com The Smart Home Buyer Calculator: Use our 4-in-1 super-smart calculator to make sure you know your numbers before buying your first home. Get it now at The Smart Home Buyer Calculator Rate The Podcast Click on this link to Rate and Review "The First Time Home Buyer Podcast" on iTunes. You can also subscribe to the podcast there. I will really appreciate it, thanks so much in advance! Listen To A Podcast Guest In Your Area If you'd like to find podcast guests for your specific location or profession just click on the link below to search for them: Podcast Guest Search Awesome Resources For First-Time Home Buyers If you'd like to access other great resources for first-time home buyers just click on this link: First-Time Home Buyer Resources Let's Talk I'd love to talk to podcast listeners and get to know you all better! I can also help you answer any questions you have about buying your first home! So if you'd like to talk about that let's jump a quick call! Just schedule a time that works for you here: Schedule A Call With Laura Moreno Feedback I love receiving feedback so please, if you'd like to tell me how you'd improve the podcast, send me an email or schedule a call with me for that works for you here: Schedule A Call With Laura Moreno Share The Love If you know someone looking to buy their first home and you think this information would help them,  just share it with them. They will really appreciate it. Subscribe To The Podcast Apple | Google | Spotify | Stitcher | iHeart Connect On Social Media YouTube | Instagram | Facebook | Twitter | LinkedIn Do you want to start your own podcast? Then enroll in The Free Podcast Course today, which is the course that I followed to create this podcast! Transcript This is an automatic transcription (sorry for the typos in advance!

Introduction Libby Arnold is an Associate Broker at Realty Austin in Austin, TX. She specializes in residential real estate and loves helping first-time homebuyers understand the buying process and the market's nuances. Get In Touch With Our Guest Today If you'd like to get in touch with our guest today, click on the link below and I will send you a warm introduction: Get In Touch With Our Podcast Guest Today Podcast Sponsors MyFico: 90% of top lenders use FICO® Scores—do you know yours? Check your FICO Score at MyFico.com The Smart Home Buyer Calculator: Use our 4-in-1 super-smart calculator to make sure you know your numbers before buying your first home. Get it now at The Smart Home Buyer Calculator Rate The Podcast Click on this link to Rate and Review "The First Time Home Buyer Podcast" on iTunes. You can also subscribe to the podcast there. I will really appreciate it, thanks so much in advance! Listen To A Podcast Guest In Your Area If you'd like to find podcast guests for your specific location or profession just click on the link below to search for them: Podcast Guest Search Find A Great Real Estate Agent Near You  If you'd like to find a great real estate agent near you, just go to this link: Real Estate Agent Near Me Awesome Resources For First-Time Home Buyers If you'd like to access other great resources for first-time home buyers just click on this link: First-Time Home Buyer Resources Let's Talk I'd love to talk to podcast listeners and get to know you all better! I can also help you answer any questions you have about buying your first home! So if you'd like to talk about that let's jump a quick call! Just schedule a time that works for you here: Schedule A Call With Laura Moreno Feedback I love receiving feedback so please, if you'd like to tell me how you'd improve the podcast, send me an email or schedule a call with me for that works for you here: Schedule A Call With Laura Moreno Share The Love If you know someone looking to buy their first home and you think this information would help them,  just share it with them. They will really appreciate it. Subscribe To The Podcast Apple | Google | Spotify | Stitcher | iHeart Connect On Social Media YouTube | Instagram | Facebook | Twitter | LinkedIn Do you want to start your own podcast? Then enroll in The Free Podcast Course today, which is the course that I followed to create this podcast! Transcript Laura Moreno: [00:00:00] First, the Home Buyers nation. I am loud ano, and I am super excited to bring you our fantastic guest today, Libby Arnold Libby is an associate broker at Realty Austin in Austin, Texas. She specializes in residential real estate and loves helping first the home buyers understand the buying process and the market's nuances. Libby, are you ready to flow? Libby Arnold: Let's flow. Laura, I'm. Great Laura Moreno: of you and our community. Just a little insight. Please share more about you personally and then expand about the. Libby Arnold: Of course, of course. So I am located in Austin, Texas. I actually live in Cedar Park, which is a suburb that's directly northwest of Austin. Um, I have been here since about 2010. I lived in the Dallas Fort Worth area prior to. Um, actually when I came to Austin originally, I expected it would be a very [00:01:00] temporary stay and here I am over 12 years later, it stuck and I just fell in love with it. Um, my background personally, I know I spoke a little bit about this last time, but quick refresher, um, a lot of my background is in the. Logical sciences and then grad school, um, I did kinesiology and so it's been an interesting, interesting journey from biology and exercise science and all of that to kind of get to real estate. But I started helping my husband, Alfredo, who is a local broker here as well. He's also at Realty Austin. We have a team. Um, he has been in the industry since 1990. And so met him after moving here and kinda got started around 2014, helping him out as a transaction coordinator, and then decided to get licensed, and then I got my broker's license and [00:02:00] things just kind of took off. And here we are. Sounds Laura Moreno: amazing. I mean, I, I love your story and I love that you're actually, your background is on sciences, on science, and you do a lot of data. You do a lot of analysis Yes. On the properties. Um, so I wanna go jump right in. What's going on with the market in a Texas and it like, it's like, it's been crazy. Like suddenly everyone was looking to buy a home. Well, Covid happened that no one was, was buying homes for. Two days and then suddenly everyone was like, Oh my God, I need to buy Then everyone was like, I need to buy. And for two years it's been like this crazy amount of people looking to buy properties. The prices have gone up. Interest rates score low, low. What is happening now in Austin, Texas? . Libby Arnold: So, Whew. It's, it's interesting. I was thinking back to when you and I last spoke, and I think it's been about 18 months, give or take. I was thinking about this on my run [00:03:00] this morning actually, and the things we talked about then and how much. Just, it has changed certainly in the last 18 months, and then in the last six months it's really changed a lot. And so Austin is definitely reflecting a lot of what we're seeing nationally, which is the net effect of everything going on is. Market has certainly slowed a bit, but it's, there's a lot more to it than that. And you mentioned C, that was a huge disruptor, and I know we're all tired of hearing the word unprecedented when talking about C and all of these factors that are driving the economy, but it really was, and at the very beginning when Covid happened, like you said, people stopped buying houses. Two days, days. We were really worried for that. Two days and the first week or two of the lockdowns, you know, [00:04:00] my brokerage real Austin did a really excellent job of hosting town halls for us and really collating some of that data. Cause I'm, I'm a data person. I love my numbers and my math and so they did a really good job and I remember us all being, Kind of worried about the market, and then as you said it, it literally felt like two days. I think it may have been two or three weeks , that things kind of shut down here and then it just took off. And 2021 was. A year, unlike one that many of us have seen in the real estate market nationally, certainly, but even more so in Austin, we have so many large tech companies that are either relocating here or they're building additional offices here, moving corporate headquarters here and. Bringing a lot of those employees with them, and a lot of that kind of coalesced around Austin. [00:05:00] At the same time, we had these historically low interest rates, and all of these other drivers were really pumping a lot of money into the economy, and so we had an absolute record year in 2021. But a lot of what we saw was these poor buyers, and especially first time home buyers that two or three years prior to that, we had all these amazing down payment assistance programs and builder incentives and all of these ways to really help make that dream of home ownership a reality for them became a really difficult. In 2020 and 2021 because they simply couldn't compete with these other buyers that were coming in that were, We had houses selling two and $300,000 over asking, and in some cases more, And these buyers are very cash heavy. They're waiving appraisals. They're waiving option periods, they're waiving things that we would just.[00:06:00] And good conscience actually recommend a buyer wave, especially a first time home buyer that's not sitting on hundreds of thousands of dollars of extra cash that they can just kind of throw at this. And so that's where we were. Where we're at now, not so much anymore, and I really wanted to, to kind of focus a little bit on the way things were because it's easy to forget. We hear a lot of doom and gloom, and we hear a lot of fear about interest rates, which are higher, and it's a non-trivial amount. They're significantly higher than they were at the beginning of the year, but. The good news that we're seeing here is these, Give me Laura Moreno: the good news. I want the good news. , I have good news. It's like, give me, give, give us the good news for us. , Libby Arnold: I have good news. We're not seeing a hundred thousand dollars of. Anymore. We're seeing houses are staying on the market longer, and so if we [00:07:00] go out with that first time home buyer, maybe we go out on Friday and we see a home that they really like A year ago, we would have to say to them, Okay, offer deadline is Sunday at 5:00 PM You've got 36 hours to think about that. This, here's what the listing agent will tell me about the offers there are. Now, you know, we need to do this and this and this and offer this much over list, and we're not having to do that anymore. We're able to say, We're so glad you liked this house. Why don't you go sleep on it. Let's reconnect tomorrow or in a few days and see how you're feeling. Let's talk to the lender. Let's run some really detailed numbers. Let's take a more detailed look at this property. Let's see if there's anything we might wanna ask the sellers to fix. Let's talk to the lender about your closing costs. Let's see if we can maybe structure this contract in such a way that the sellers are. Able to because they're [00:08:00] willing to do this now, right? Able to contribute some money to help you buy the interest rate down. And that definitely could be something we talk about too, because there are a lot of ways to kind of manipulate that contract, manipulate seller contributions, manipulate, um, types of loan programs that we're using to where we can get that interest rate down to something that. It doesn't start with a seven hopefully. Right. . Laura Moreno: That's really good. So what you're saying basically is like before we, buyers had to make a decision straight away, really fast, Uh mm-hmm. and you know, and when you're talking about people like waving inspections and waving contingencies, I have to say that. Some realtors were recommending that, but actually the market was dictating that because I even remember talking to a friend of mine. She just put a home and she told me without even blinking, that she had put $200,000 more [00:09:00] on, on the home that she had paid the, the, the realtor's fees, $60,000 and that she hadn't put any contingency. And I was like, Wait, what? And she was, she was like, I really wanted the house. I was like, mm-hmm. Okay. Like you, you know what I mean? It's like the market was dictating these things. . So now you're saying that people can go back home, sleep on a property, which is kind of crazy. Sleep on it, sleep on it, and then run the numbers with your lender. And again, people think about this, like I read yesterday, an article that said 70% of first time home buyers have some regrets. About buying a home, and most of the regrets were because of the numbers, because they didn't expect the costs to be so high. They miscalculated the mortgage. So I love that you're saying that now you can go back to your lender, run the numbers, understand what are going to be your upcoming costs, monthly costs to make sure you're not. Making a mistake. And what I love most about it is now you can go back to [00:10:00] the seller and say, Hey, hey, hey, hey, hey, you beautiful seller. This is not 2021 anymore. I'm sorry for you. Right. What are you willing to contribute to my, to my closing costs? Like Right. I love that. I love all that. So we basically have the power. Yeah, we have the power. Libby Arnold: Yes. Buyers have some power back. It's. It's really nice to see, um, because we work with just a large portion of our business. As buyers, and we certainly work with sellers, we work with investors as well, but a large portion of our business has always been first time home buyers, and that's what we're very passionate about. And so it's, it's so refreshing for us to be able to get out there and really go to the bat for them again, because for so long it was the best that I can really do is work hard to structure this contract in such a way that we're minimizing your risk. If you wanna buy a house in this, in this insanity, that was 2021, [00:11:00] and now we're really able to step in and say, Okay, you know what? You may not have to move three suburbs away from Austin anymore. Maybe you can live right on the outskirts exactly where you wanted to live because the prices are lower. And again, sellers are willing to. Come to the negotiating table. Things have kind of been different for long enough now. Um, this really, I'll backtrack a little bit. This really started for us in Austin in April when our new tax assessments came out. So one thing about Texas is our property taxes are a little bit higher than pretty much anywhere else in these contiguous United States. And it's not specifically market driven. We. Entities within our governments that do something like an appraisal every year. And so every year our property values with respect to property [00:12:00] taxes change. And so for a very long time, those property tax values here were. Kind of artificially depressed and the tax valuation was running about half of what market value was. In a lot of cases. I'm going somewhere with this, um, . And so what we saw, we had another little, um, Incident that I won't get into, but our, in Travis County, which is where Austin is, our tax appraisal folks got into a little bit of trouble for using some data they weren't supposed to use for valuations. And so in 2020 they could not do any new appraisals for the purpose of property taxes. So then what happens? 2021 is eventually these new values come out. Well, we all know what happened in 2020 and 2021, and the first part of 2022 is we had zip codes [00:13:00] here that saw a hundred percent growth in a property value over that period. Literally doubled. And so all these factors come together. And very long story short, we get the new values. New estimates come out around April of this year, and they're just, Insane. And people's property taxes are doubling. Um, I had a client whose appraised value went from 280 something thousand dollars to about 1.5 million. Laura Moreno: Whoa, whoa, whoa, whoa. That means that you have to pay taxes on 1.5 million. Correct. Whoa, that's, that's. That's like seven times or whatever it is. Seven times your tax bill. Libby Arnold: Yes, yes. It went up, I did the math. It went up 486%, and that's a really extreme example, but we saw a lot of cases where it went up a hundred percent, 200%. And so not only at that time were we [00:14:00] in this environment where interest rates are starting to rise. These taxes are starting to go up as well. And so Austin really quickly just started to become incredibly unaffordable for almost anyone because of that combination. So you're paying 50, 80, a hundred percent more for the house. The taxes are now a hundred percent more. Whoa, your monthly payments significantly higher. And then on top of that, were not, Dealing with 2.75% interest rates anymore either. And so the combination of those three things really started to affect the market. And then on the heels of that, sellers, you know, people are generally pretty intelligent, especially when it comes to large investments like real estate. They start to see the writing on the wall. Everyone lists their house, right? We have a lot of [00:15:00] investors in Austin. A lot of people invest here, and when those taxes start to go up, then they have to raise the rent. Some of those folks have also decided to sell, and so we saw really about 170% increase in inventory year over year in a pretty short period. Two. Combined with the previous three factors. And so all of that has really slowed demand down and it has caused prices to start dropping. Um, and so that when interest rates are higher, that's something that. Is really, really helpful. And so we're starting to see, you know, we've kind of crested the wave and we're really starting to see things come down. The trouble that we're kind of left with now are those interest rates, and that's where we start going to. The sellers. Um, and there I can definitely talk about there are [00:16:00] some different programs. So Laura Moreno: let me, let me give a little bit of a quick summary of what you've said to make sure I understood it right and we all understand it very well. So there's been actually lots of contributing factors, uh, like the, the taxes, you know, to taxes, uh, people putting the houses on the market. Um, so lots of contribution factors that are making now Sellers want to put houses on the market now more than before. Mm-hmm. , right. And at the same time, those investors are also raising rent. So that might mean that those people renting are saying, Hey, hey, hey, you know, my rent is more than my, what my mortgage could be. So let me look at the market now. Those renters may be looking at the market now and saying, Well, my market is going to be very high because it's at 7% now. So now let's go into how do you solve for that market interest rate? And this is where [00:17:00] everyone is like, how, How do I solve for that 7%? That's a lot of money. . Libby Arnold: Yes, because it's very easy to sit here and say, prices have come down and they have upwards of 20% in some cases. And I, I hesitate to say, Publicly, I would not be shocked if we see another 10 or 15%. Um, Maybe a little more, even depending on how things play out. And that's great. And buyers have more leverage and that's great. Ladies, Laura Moreno: guys, sorry Libby, sorry to interrupt you again, but this is great. This is great. 20% down, 30% and 40% down. You buy the price low, you log the interest rate at 7%. But remember, remember you can refinance. I did it one year after buying, when the, when the winters rate drop, 2, 3, 5 years on the line, you've refinanced. Sorry. Continue, Libby. But this is a great opportunity. Libby Arnold: It is. It is. And there's a window right now. And so we're left with, Right. There are all of these great things and all of these really good [00:18:00] reasons to get into the market right now and never mind that. But November 9th at the moment, and so the next six to eight weeks, things are really. Pretty shut down for the holidays. There aren't a whole lot of buyers. The houses that are listed right now, they're listed because these folks need to sell and move. They're motivated. So again, there's a long list of all of these great reasons to buy. And then, oh, but we've got these interest rates over here that are frankly quiet high. So how do we deal with that? Yes. So couple of things, right? Couple of things we can do. Um, one, In the realm of new construction, I'll look at new construction and then I'll kind of look at resales as well. Um, a lot of our first time buyers really gravitate toward new construction because there's less maintenance. It's a brand new house, no one's ever lived in it, et cetera. Um, with new builds, they're seeing a lot of [00:19:00] what we're seeing in the resale market. Right now, they're dealing with roughly a 30% cancellation rate on a lot of their contract. Laura Moreno: Filters. Don't wanna, I like that. They don't wanna, You were talking, I'm thinking about like some, Yeah, I'm thinking about some buyers. I'm going to send this episode too. Like guys, guys, guys. Okay. So they are facing cancellations, 20% cancellations. Libby Arnold: So they're facing 20, 30% in some cases for a lot of reasons, which is probably a whole nother podcast. We could ask , but they're offering quite a few incentives. Some of them are putting 15, $30,000. Closing costs toward helping buyers buy that interest rate down. Meaning the buyer can prepay the lender for points, and depending on how much you pay, that can bring down a fixed interest rate. So that's something. In other cases, the builders are actually buying the rate down for you, um, and [00:20:00] they're advertising, you know, instead. Seven or seven and a half percent. They're offering five. They're offering five and a half. Um, and that is something that if you can tolerate that for a couple of years, right? Five and a half is still a pretty decent interest rate. Actually. It's, it's not terribly high. Um, you know, and we've gotten really used to, because of the need to stimulate the economy previously, we've gotten really used to artificially low. I had somebody close that I think two and a quarter was the lowest I saw, which is, oh my God, not even free money. They're almost paying them to buy at that point. Laura Moreno: I'm not that, You know, two, you always want lower , , , Libby Arnold: but it's artificially lowered and so five and a half is really much more in line. Historical averages. It's not, um, not [00:21:00] something crazy. And so, and if you look at monthly payments, At five and a half percent. It looks a whole lot nicer than it does at seven and a half, and five and a half is something that I can probably wrap my head around for the next year or two, and then I can re refinance later when inevitably rates come back down, which they ultimately will. There are a lot of people trying to forecast when ultimately they will. Um, the bottom line on the new build side is that a lot of these builders don't wanna lose a contract. Right. They're willing to negotiate. Um, and they're negotiating on price too. I have, um, some very sweet first time home buyers that are under contract with a local builder right now and completely unsolicited. Um, they've been under contract for about six months. We got an entirely unsolicited email from the builder that said, Hey, we're lowering the price of your house, 55,000. Really Laura Moreno: what's wrong [00:22:00] with house? You guys just go and check the house. What's wrong with the house? ? No, nothing. That's like a little bit concerning. Libby Arnold: Wait, what? What is happening is that, again, back in 2021 and early this year, um, builders were essentially having auctions, much like on the resale. And the new builds. The to be built houses had multiple offers, and so we had to go in and offer and bid a certain amount over whatever their starting bid was. Well, the market is no longer supporting the builders having bidding wars. Things have changed as we've discussed, and so that has caused prices to decrease there. And then what happens is when those start to close at lower prices, now we're gonna run into an issue where the other houses that are currently under contract are probably not going to appraise. Because the most recent comparable closings are at a lower price. And so there's some of it, they're, they're [00:23:00] protecting themselves in there as well and trying to avoid dealing with an appraisal issue. But again, they also really don't want this cancellations right now. Um, and it's not necessarily a unique story. I hear about other agents and other brokers at our brokerage where things like that are happening, um, all the time. And so, Anybody. We have just anybody in the country. Honestly right now that's under contract with a builder. It does not hurt to have your agent go back and talk to the builder and just say, Hey, is there anything else that you can do for me? Odds are there's something. That's Laura Moreno: amazing. I mean, I was going to say like, oh, that's so kind from builders. You know, they're , but they're protecting themselves because if the house doesn't praise you may not be able to close. They don't want those cancellations. They see it coming and they're like, Wait, wait. Let me send a nice email. Let me, They must be in a peak hole. They must be like, Oh no. Aren't you really happy as a realtor [00:24:00] to representing buyers to be now in the strong position and say, Hey, listing agent, this is really nice. But because before the listing agents were the kings of the world and the queens of the world, right? Yes. Now you have the crown. Libby Arnold: It's not quite as much fun when we're listing a house now, , but with the buyers. No, it really is because for so long this has been what my husband and I are really passionate about. Home ownership and first time home buyers. And particularly in a market like Austin, that's just candidly gotten quite expensive. It's not a secret. Um, it's something we're really passionate about and it's something that's been really increasingly difficult. And so it's, it's a pleasure to see that. And it's a pleasure to be able to go in and negotiate the free washer and dryer and fridge and. And Laura Moreno: everything. Why give me everything that you have. You go to the shop and you're like, This, this, this, this. All of that for zero . [00:25:00] Libby Arnold: Yeah. Yes. Exactly. Exactly. And that's, So Laura Moreno: tell me how it is for now. Tell me how it is for resales now. So you touch upon construction, Is it similar for resales or We already talked about that. Libby Arnold: No, no, it's, it's, I got distracted with all the other things the builders are doing and Um, we are seeing, it is similar, the contracts here are set up differently for a resale, but we are seeing a lot of, we're able to make offers below asking price. Or, and even just being able to make a list price offer , it's such a nice change. But in addition to that, we're able to go in and ask the seller for contributions to closing costs, which can help. And again, similar to the new build side, that money can be used to buy down the interest rate. Um, there is a program floating around that's increasingly popular around here called a two [00:26:00] one Buy. Ooh, what is that? And what that is, is essentially the interest rate is bought down for a period of about two years. And because of the way that it's structured, the seller actually has to pay for that. And so we are seeing some cases where we can make an offer at list or a little bit below list, and then we can ask the seller in a separate area of the contract to actually pay for that interest rate buy down. Um, in some cases, I mean, that costs 17 $20,000 sometimes more, and sellers are willing to do. And then the benefit to the buyer is I get a significantly lower interest rate for two years, and then with the hope that within two years I'm able to refinance into something else, which most likely you will be. But it also gives those buyers a chance to kind of adjust to having the mortgage, making that payment, um, starting [00:27:00] to budget for that. And then the interest rate can adjust a little bit later. So, Something that can be done. And then of course those closing cost monies can just be used toward a straight interest rate, buy down on a fixed rate as well. That Laura Moreno: sounds great to me. So you are saying there's properties coming to the market. Those properties are likely not going to sell so many of them in the next six, eight weeks. Sellers may be desperate to sell, they're willing to give concessions, they're willing to do things for you. Property prices are declining, so you could go shopping now, see a property that is lower in price, and then even negotiate a little bit farther, negotiate those interest rates. I think it's a, I mean, taking into account, yes, there's, we all know the interest rates are high, but apart from that, it seems like the fantastic time to buy. I mean, if you can handle those high interest rates for a couple of years. Mm-hmm. It is a great time to buy [00:28:00] now. Like it is a fantastic time and I love the idea that you have with new builds, with builders coming there and saying, Hey, what can you do for me? Mr. Builder? Yeah. What can you do for me? You know, I'm now, you are now home buyers. We are now in a strong position. Now we have to manage the interest rate and we have to understand that it may be hard for a couple of years, is going to be high for a couple of years. But if you do that, you can buy something really nice now like, and be in a very good situation a few years down the line when your property may have gone up in price, you know, all the other purpose are going down. You know, it's like a very good time to buy. Libby Arnold: It really is, and it's just, it's so refreshing to be able to say these things. And so it's again, about, it's kind of the same, using this creativity to structure it in such a way that we can make that interest rate manageable. And it's very similar to how it was in 2020 and 2021. It's just kind of, [00:29:00] The script has been flipped a little bit and back then it was much more about, okay, we have to pay over ask and we have to waive all of these things. How can we creatively find some sort of out in this contract for you? How can we set this up to where there's some hidden way we can get you out of this and kind of protect you? That was our creativity then and now it's, there is just a list of 20 reasons that it's an amazing time to buy. But we need to get creative on how we manage this interest rate and how we get that to a level that is something that you're comfortable dealing with. And a lot of it too is there's just sticker shock at first because we're used to seeing that. 2.25. And I remember when my first buyer that had something approaching four, and we all thought, Oh, that's so high. We love four now. Take it. But take the Laura Moreno: four. Take the four . I wish we could have a way of going back [00:30:00] to the past and say, Take it. Libby Arnold: Yes, do it now. Do it now. When interest rates grow up, we tend to see prices come down. And you know, we talked about a lot of these other factors influencing Austin outside of, you know, we've got the geopolitical things that are going on. It's an election year. Things always get a little strange in the housing market during an election year and, So we've got these larger forces and then kind of these local things happening as well that have really created kind of the perfect storm. And again, if we can just creatively deal with the interest rate issue, everything else that was making it so difficult to buy has kind of just gone away. And so it's, it's really fun to be able to actually negotiate a little bit again and, and stand up for our. Laura Moreno: More Levy, you've shared amazing information today and a very different perspective. What can we do for you? Libby Arnold: Oh goodness. Well, thank you so much for letting me [00:31:00] come back. Like I said, I was thinking about this this morning and thought, Man, it's, it's such a different message than last time, and that's such a nice thing for me. I'm so happy about it. Um, well, if anyone is interested in following along with a couple of things, the Austin Real Estate Market, um, my Instagram is Libby. arnold.realtor, you can follow me there. Um, FairWarning, I do, I run. Um, and so you'll get Austin real estate market stuff and you'll get some of our listings and you'll get a bunch of my running posts too. So have any interest in running or real estate. Um, that's a really good place to connect with me and we try to post a lot of good, um, content and a lot of data and those pieces about the market as. Well, Libby, Laura Moreno: thank you so much for being in the first Time Home podcast again. Libby Arnold: Oh, thank you for having me. Thank you so much. It's been so nice to chat with you again.[00:32:00]

Introduction Frank Pietrzak (Peter-Zak) is a property tax foreclosure Auctioneer in New York State with over 20 years of experience. Frank and the professional team at NYSAuctions.com have returned over 40,000 properties to the tax-paying rolls and he mentions this could be a great option for 1st-time buyers who have access to funds. Get In Touch With Our Guest, Frank Pietrzak If you'd like to get in touch with our guest today, click on the link below and I will send you a warm introduction: Get In Touch With Our Podcast Guest Today Find The Perfect Real Estate Agent Near You If you'd like to find a great real estate agent near you, just go to this link: Real Estate Agent Near Me Podcast Sponsors Find an Agent with HomeFlow: The key to having a calm and successful home buying experience starts with having the best real estate agent. This is why you need to interview a few. To get the process started just go to Tryhomeflow.com Dovly: 10 million of Americans have errors in their credit reports that lower their credit score. To fix those error try Dovly.com MyFico: 90% of top lenders use FICO® Scores—do you know yours? Check your FICO Score at MyFico.com The Smart Home Buyer Calculator: Use our 4-in-1 super-smart calculator to make sure you know your numbers before buying your first home. Get it now at The Smart Home Buyer Calculator Rate The Podcast Click on this link to Rate and Review "The First Time Home Buyer Podcast" on iTunes. You can also subscribe to the podcast there. I will really appreciate it, thanks so much in advance! Listen To A Podcast Guest In Your Area If you'd like to find podcast guests for your specific location or profession just click on the link below to search for them: Podcast Guest Search Awesome Resources For First-Time Home Buyers If you'd like to access other great resources for first-time home buyers just click on this link: First-Time Home Buyer Resources Let's Talk I'd love to talk to podcast listeners and get to know you all better! I can also help you answer any questions you have about buying your first home! So if you'd like to talk about that let's jump a quick call! Just schedule a time that works for you here: Schedule A Call With Laura Moreno Feedback I love receiving feedback so please, if you'd like to tell me how you'd improve the podcast, send me an email or schedule a call with me for that works for you here: Schedule A Call With Laura Moreno Share The Love If you know someone looking to buy their first home and you think this information would help them,  just share it with them. They will really appreciate it. Subscribe To The Podcast Apple | Google | Spotify | Stitcher | iHeart Connect On Social Media YouTube | Instagram | Facebook | Twitter | LinkedIn Do you want to start your own podcast? Then enroll in The Free Podcast Course today, which is the course that I followed to create this podcast! Transcript This is an automatic transcription (sorry for the typos in advance!

Introduction John Leon Gonzalez is a Certified Professional Inspector® in Seattle, Washington that has been licensed as a realtor since 2007 both H.I. and WDIR (Pest). He is also certified by the International Association of Certified Home Inspectors® (InterNACHI®) and today he comes to tell us everything about how to have a great inspection in Seattle, Washington. Get In Touch With Our Guest, John Leon Gonzalez If you'd like to get in touch with our guest today, click on the link below and I will send you a warm introduction: Get In Touch With Our Podcast Guest Today Find The Perfect Real Estate Agent Near You If you'd like to find a great real estate agent near you, just go to this link: Real Estate Agent Near Me Podcast Sponsors Find an Agent with HomeFlow: The key to having a calm and successful home buying experience starts with having the best real estate agent. This is why you need to interview a few. To get the process started just go to Tryhomeflow.com Dovly: 10 million of Americans have errors in their credit reports that lower their credit score. To fix those error try Dovly.com MyFico: 90% of top lenders use FICO® Scores—do you know yours? Check your FICO Score at MyFico.com The Smart Home Buyer Calculator: Use our 4-in-1 super-smart calculator to make sure you know your numbers before buying your first home. Get it now at The Smart Home Buyer Calculator Rate The Podcast Click on this link to Rate and Review "The First Time Home Buyer Podcast" on iTunes. You can also subscribe to the podcast there. I will really appreciate it, thanks so much in advance! Listen To A Podcast Guest In Your Area If you'd like to find podcast guests for your specific location or profession just click on the link below to search for them: Podcast Guest Search Awesome Resources For First-Time Home Buyers If you'd like to access other great resources for first-time home buyers just click on this link: First-Time Home Buyer Resources Let's Talk I'd love to talk to podcast listeners and get to know you all better! I can also help you answer any questions you have about buying your first home! So if you'd like to talk about that let's jump a quick call! Just schedule a time that works for you here: Schedule A Call With Laura Moreno Feedback I love receiving feedback so please, if you'd like to tell me how you'd improve the podcast, send me an email or schedule a call with me for that works for you here: Schedule A Call With Laura Moreno Share The Love If you know someone looking to buy their first home and you think this information would help them,  just share it with them. They will really appreciate it. Subscribe To The Podcast Apple | Google | Spotify | Stitcher | iHeart Connect On Social Media YouTube | Instagram | Facebook | Twitter | LinkedIn Do you want to start your own podcast? Then enroll in The Free Podcast Course today, which is the course that I followed to create this podcast! Transcript This is an automatic transcription (sorry for the typos in advance!

Introduction Bryan Mize is an excellent home inspector and founder of Optimized Inspection Services, a home inspection company in Seattle. He is passionate about sharing his knowledge and helping others to succeed in RE too. When he's not working he loves hiking, motorcycling, and enjoying live music/theatre. Get In Touch With Our Guest, Bryan Mize If you'd like to get in touch with our guest today, click on the link below and I will send you a warm introduction: Get In Touch With Our Podcast Guest Today Find The Perfect Real Estate Agent Near You If you'd like to find a great real estate agent near you, just go to this link: Real Estate Agent Near Me Podcast Sponsors Find an Agent with HomeFlow: The key to having a calm and successful home buying experience starts with having the best real estate agent. This is why you need to interview a few. To get the process started just go to Tryhomeflow.com Dovly: 10 million of Americans have errors in their credit reports that lower their credit score. To fix those error try Dovly.com MyFico: 90% of top lenders use FICO® Scores—do you know yours? Check your FICO Score at MyFico.com The Smart Home Buyer Calculator: Use our 4-in-1 super-smart calculator to make sure you know your numbers before buying your first home. Get it now at The Smart Home Buyer Calculator Rate The Podcast Click on this link to Rate and Review "The First Time Home Buyer Podcast" on iTunes. You can also subscribe to the podcast there. I will really appreciate it, thanks so much in advance! Listen To A Podcast Guest In Your Area If you'd like to find podcast guests for your specific location or profession just click on the link below to search for them: Podcast Guest Search Awesome Resources For First-Time Home Buyers If you'd like to access other great resources for first-time home buyers just click on this link: First-Time Home Buyer Resources Let's Talk I'd love to talk to podcast listeners and get to know you all better! I can also help you answer any questions you have about buying your first home! So if you'd like to talk about that let's jump a quick call! Just schedule a time that works for you here: Schedule A Call With Laura Moreno Feedback I love receiving feedback so please, if you'd like to tell me how you'd improve the podcast, send me an email or schedule a call with me for that works for you here: Schedule A Call With Laura Moreno Share The Love If you know someone looking to buy their first home and you think this information would help them,  just share it with them. They will really appreciate it. Subscribe To The Podcast Apple | Google | Spotify | Stitcher | iHeart Connect On Social Media YouTube | Instagram | Facebook | Twitter | LinkedIn Do you want to start your own podcast? Then enroll in The Free Podcast Course today, which is the course that I followed to create this podcast! Transcript Automatic transcript (sorry for the typos in advance!

Home Buying can be stressful and confusing, especially if you're a first-time home buyer! The best thing that can help first-time homebuyers, is really understanding the process in full before you jump in! The more prepared you are walking into the home buying process, the better your chances are of getting that first home! ELLEN FRAZIER from CrossCountry Mortgage, a veteran in the mortgage industry, an author, public speaker, and a trusted Mortgage Advisor since 2004. She has a lot more products and services that she can offer not only for first-time homebuyers but also to investors, veterans, and to the armed forces, etc. Her ultimate job is to provide you with the right tools needed, walk you through the step-by-step processes to make your goals a reality, and ensure you know exactly what's going on throughout your entire home buying process! Finally, she quoted how empowerment and hope can enable you to make the decisions, to make the changes that you need to be able to get on the path towards homeownership. Corwyn also added having a positive impact on the people that you intend to give service to is essential to achieve those next steps that you want for yourself and your family. Let's get started! What You'll Learn From This Episode: Quick intro who and what Ellen's role at Cross Country Mortgage About her mortgage playbook, where to avail it? What is a FICO Score, and how does it affect your credit, breaking down the variables that go into a higher credit score Discover and qualify for USDA financing, and the South Carolina housing down payment assistance program, how to be eligible The biggest challenges for buyers in the Charleston region and how to overcome them. The values needed for a smooth home buying process Connect with Corwyn @: Contact Number: 843-619-3005 Instagram: https://www.instagram.com/exitstrategiesradioshow/ FB Page: https://www.facebook.com/exitstrategiessc/ Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA Website: https://www.exitstrategiesradioshow.com Linkedin: https://www.linkedin.com/in/cmelette/ Email @: corwyn@corwynmelette.com Resources: Ebook: https://amzn.to/3nZXAAz Connect Ellen @: Website: ellenfrazier.com Schedule a call: www.calendly.com/Ellen-Frazier/15min Instagram: https://www.instagram.com/ellenthemortgagechic/

On today's edition of Ask Suze & KT Anything, Suze answers questions about filling must have documents, inheriting a ROTH, boosting a credit score and more. Take advantage of the Ultimate Opportunity Savings Account with Alliant Credit Unionat: https://bit.ly/3vEUTZW Join Suze's Women & Money Community for FREE and ASK SUZE your questions which may just end up on her podcast! To ask Suze a question, download by following one of these links: CLICK HERE FOR APPLE: https://apple.co/2KcAHbH CLICK HERE FOR GOOGLE PLAY: https://bit.ly/3curfMI See omnystudio.com/listener for privacy information.