New Mortgage Down Payment [Explained by a Mortgage Lender]



In this video I explain your mortgage down payment, what you can (and canโ€™t) use as a down payment, and the steps you need to take when applying for a mortgage. First time home buyers often have mistaken assumptions about what qualifies as a down payment, the minimum down payment requirements for different loan types, and when they need to have the money ready and available. In this video I explain all of these things based on my 17 years of experience as a mortgage lender.

0:00 Introduction
1:02 What are acceptable sources?
1:50 What is down payment?
2:18 Examples
2:58 Verification of down payment
4:13 Bonus!

๐ŸŽ Download a free copy of my book, Mortgage Peace: https://bit.ly/2DPSo0t

โœจ Subscribe to the channel by clicking here: http://bit.ly/SWYTSub

๐Ÿ’ฅ Want me to walk you through a mortgage application step-by-step? Get a copy of my mortgage application training by clicking here: https://bit.ly/applicationtraining

๐Ÿ‘‹ LETโ€™S CONNECT ON SOCIAL MEDIA

โœ… Facebook: https://www.facebook.com/therealstephanieweeks
โœ… Instagram: https://www.instagram.com/_therealstephanieweeks
โœ… Twitter: https://twitter.com/LoanLady_Steph
โœ… LinkedIn: https://www.linkedin.com/in/stephanieaweeks/
โœ… Website: https://www.stephanieweeks.com/

#mortgagedownpayment #mortgagelender #stephanieweeks

โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”

With 17+ years of experience as a loan officer, Stephanie Weeks founder of The Weeks Team and has ranked among the top 1% loan officers in the nation several years running.

Interested in working with The Weeks Team to get a home loan? ๐Ÿค

They are your one-stop mortgage resource for anyone who is looking to buy, sell, or refinance residential properties in Louisiana, Arkansas, Mississippi, Alabama, and Florida.

๐Ÿ‘‰Learn more at https://www.weeksteam.com/

(Stephanieโ€™s NMLS#97116 and the branch NMLS#49604)
โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”

Check out Stephanieโ€™s book, Mortgage Peace ๐Ÿ“•

๐Ÿค”Things youโ€™ll learn in Mortgage Peace include:

โ˜ฎ๏ธThe importance of good teamwork
โ˜ฎ๏ธ How to communicate successfully
โ˜ฎ๏ธ5 Mistakes Borrowers Make (& how to avoid them)
โ˜ฎ๏ธ Types of mortgage loans
โ˜ฎ๏ธAdvice for selecting the best loan
โ˜ฎ๏ธ How to get a great rate
โ˜ฎ๏ธPlus much, much more

๐Ÿ‘‰Get Mortgage Peace in print or ebook here: https://amzn.to/2ZThoNq

๐Ÿ”‰Download the Mortgage Peace audiobook here: https://amzn.to/3cpI1fP

https://youtu.be/5hyAok99Ywg

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4 comments

  1. Stephanie Weeks Mortgage Education

    ๐ŸŽ Download a free copy of my book, Mortgage Peace: https://bit.ly/2DPSo0t

  2. Esmeralda Vargas

    So if I qualify for conventional 5% would I refi later for PMI removal?

  3. Jacqueโ€™s Kitchen and Reviews

    Money money money lol

  4. Desmond Ellsworth

    money money money

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