No co-sign, no help. I got 3 mortgages on rental properties with over $1Million in debt when I was 19. Here's how to get approved for a mortgage. – Instagram: @EcomSeason
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__________________________________________________________________________ Buying Your FIRST house (Step-By-Step) This is how to get a mortgage for your first house, first rental property or just any property you are buying with a mortgage. We also talk about the certain situations where it might make sense to use hard money or buy it in cash instead of getting a mortgage. We focus on the income requirements to get a mortgage (40% DTI standard + income verification), we talk about the credit score you need to get a mortgage and how to get a mortgage with bad credit. From there we go through some more specifics on what the banks look for when lending money on a property through a mortgage. Your appraisal is important because the bank wants to make sure they are lending money against a good asset. So if you are buying your first property or not, this is how you get a mortgage and how to secure the best rates! By following these same steps, I have been able to build up a passive income stream through rental property investing that has given me a nice level of financial freedom, just through those investments. It's definitely important to know this! Drop a LIKE if you enjoyed the video!
*Disclaimer* I am not in any way a certified financial advisor, nor do I pretend to be one. Any information or advice I give you on any social media platform is simply my opinion based on my own own experience and research. There is no guarantee on anything due to the fact that there are many variables in your success.
Buying Your FIRST house (Step-By-Step)