May 18, 2018
JON SANDERS, MORTGAGE LOAN OFFICER AT STOCK YARDS BANK & TRUST, SITS DOWN WITH US TO EXPLAIN MORTGAGES. JON BREAKS DOWN THE TERMINOLOGY AND GIVES US TIPS ON HOW TO GET A MORTGAGE FOR YOUR DREAM HOME.
Some questions answered in this episode?
- How did Jon Sanders first get into the mortgage business?
- How are mortgage rates determined?
- How often do rates change and what are the current rates?
- What are the most important things to think about when you're looking to buy a house?
- How do you know if you're ready to purchase a house?
- What advice would Jon give to somebody purchasing their first house?
- What is the debt ratio and why is it important?
- What is a good debt ratio?
- How much should you save for your down payment?
- What is Fannie Mae?
- What is mortgage insurance and how big does your down payment need to be to avoid it?
- What information do you need to provide to get a mortgage?
- How does it change if you're an entrepreneur?
- What is a good credit score and when should you be worried about it?
- What is Jon's opinion on 15-year vs. 30-year mortgages and people paying off their mortgages early?
- What is the biggest issue Jon sees with millennials purchasing houses?
- When is somebody ready to reach out to Jon about purchasing a house?
- What is refinancing and when should somebody refinance?
- What is a home equity line of credit?
- How does an escrow account work?
- What are unexpected fees when purchasing a house?
- Who is the perfect person to buy a house?
- Should somebody pay off their mortgage early?
LAST CALL QUESTIONS AND ANSWERS:
- What's the best career advice you've received?
- Be yourself.
- What advice would you give to your 22 year old self?
- Be yourself.
- What's the best purchase you've made in the last six months?
- What is your definition of success?
- Doing something you genuinely care about.
- What book/documentary would you recommend?
- What's your favorite thing to drink?
SHOUTOUTS:
Be sure to learn more about Jon and say hey by connecting with him on Linkedin or Twitter, or email him at jon.sanders@syb.com.
Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com. You can also find us on Facebook, Instagram, Twitter, and Linkedin. Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe.