Mortgage Fundamentals Podcast

Hosted by Daniel Mosqueda

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Oct 2024

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About the show

My name is Daniel Mosqueda. And I am a licensed and active loan officer ready to help you have a better understanding of some mortgage fundamentals. Mortgage loan and real estate education for anyone looking to purchase a home. Even if you are a first time home buyer, or even an investor looking to expand their knowledge. In this podcast, I will have special guests, including realtors and other subject matter experts in the real estate business, give their insight and personal experiences alongside me providing you with some mortgage knowledge to help you through the process. We will also provide you with episodes on up-to-date changes to guidelines and market changes that could impact your ability to purchase a home. Loan Officer NMLS 932187 1980 Festival Plaza Dr. Ste 240, Las Vegas NV 89135 PHONE 702.972.5772 EMAIL DMOSQUEDA@GUILDMORTGAGE.NET Company NMLS #3274, Equal Housing Lender Guild Mortgage Company; Equal Housing Opportunity; NMLS #3274 ( www.nmlsconsumeraccess.org ). NV Mortgage Company #1141. The information provided herein has been prepared by a third party company and has been distributed for education purposes only. The positions, strategies or opinions of the author do not necessarily represent the positions, strategies or opinions of Guild Mortgage Company or its affiliates. Each loan is subject to underwriter final approval. All information, loan programs, interest rates, terms and conditions are subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.

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12 recent

October 18, 202444 min

Top Home Buying Mistakes: What to Avoid Doing!

Are you planning a buying your first home? Let us help you avoid some common mistakes that home buyers make before and even during the home buying process. We will go over how credit cards and other loans can hurt your chances of getting approved for more. How making changes to your employment and income (including getting tips, overtime, commissions etc) can impact and even delay you buying a home. Or even how taking a pay raise or promotion can disqualify you from down payment assistance programs. My co-host Asael Gonzalez Jr, and I go over some real estate tips that will ensure you are ready to buy a home when you're ready. Asael Gonzalez Jr. - Realtor BS. 0146292 C. 702.885.6058 E. asael.gonzalez@cbvegas. com Social Tags SirAsaelJunior Daniel Mosqueda -Loan Officer NMLS 932187 C. 702.972.5772 E. dmosqueda@guildmortgage.net Website www.guildmortgage.com/danielmosqueda 1:06 -Listen to the Professionals 5:57 -Opening New Credit Accounts 12:45 -Cosigning is Like Taking on new Debt 17:02 -Don't Open New Credit Even While in Contract 22:25 -Avoid Making Changes to Your Employer or How You Get Paid 25:24 -Going from Employee to Self-Employed 26:46 -Pay structure and/or changes in Hours 27:42 -How Income Changes Could Impact Qualifying for a Program 30:24 -Starting a Job and/or Working for Family 34:03 -Avoid Quitting and/or Getting Fired 36:47 -Self-employed/1099 Part 2 41:25 -Map Out a Plan First-time Home buyer, Real estate Tips, Loan Approval, Mortgage, Mortgage Loans, Mortgage Tips, Mortgage Advice, Debt-to-Income, Credit Qualifying, Buying a home

September 11, 202445 min

How to Save Money when Buying a Home

On today's episode, Paola and I discuss tips and resources you can use to get your loan costs covered. That includes, your down payment and even your mortgage loan costs. Many buyers believe that you need a ton of cash to get into a home. That is false. We have been able to get buyers in to their homes for nearly nothing out of their own funds. As long as your team, your agent and loan officer, are in the know on how to assist you with the resources and programs available, you should be reaping the benefits of purchasing a home. So, if you're looking to purchase a home and want to pay less for it, listen to today's episode to find out how.For a free consultation- contact me at 702.972.5772 or email me dmosqueda@guildmortgage.netGive my special guest, Paola Escalona some love as well.Paola Escalona S.188627 Las Vegas RealtorC. 702.417.4727 E. Homes@Escalonarealty.com

August 28, 202431 min

How We Help Union Workers Through the Home Buying Process

Helping union members buy their homes and help them through the home buying process is something we enjoy doing. As a former, and sometimes still active members ourselves, we understand that sometimes it's easier to have to explain less to your lender. Summary In this episode of the Mortgage Fundamentals Podcast, host Daniel Mosqueda talks to real estate agents and union members Julie Nagai and Payton Frei about the process of purchasing a home for union members. They discuss the challenges and benefits of working with union members, the importance of budgeting and saving, and the current state of the housing market. They emphasize the need for union members to educate themselves and seek guidance from professionals like themselves to navigate the home buying process. Takeaways Union members face unique challenges when it comes to purchasing a home, but with the right guidance and education, it can be a smooth process. Budgeting and saving are crucial for union members to prepare for homeownership, especially considering the fluctuating nature of their income. The housing market is currently experiencing low inventory and high demand, leading to increased home prices and multiple offers on properties. It is important for union members to separate fact from misconception and seek advice from professionals who understand their specific circumstances. Working with real estate agents who are also union members can provide additional benefits, such as flexible scheduling and connections within the industry. Sound Bites "Union members have unique schedules, and we understand that flexibility is important when it comes to viewing homes." "Helping union members achieve homeownership is rewarding, especially seeing them build wealth and create generational wealth." "Don't listen to misconceptions about home prices and the home buying process; seek advice from professionals who understand the current market." Chapters 00:00 Introduction and Background of Guests 05:06 Flexibility and Benefits for Union Members 12:08 Challenges of Budgeting and Saving for Homeownership 16:07 The Current State of the Housing Market 23:14 Separating Fact from Misconception in Home Buying 29:21 The Benefits of Working with Real Estate Agents who are Union Members 32:35 Conclusion CONTACT LINKS- Julie Nagai Email- JulieNagai@harbisonrealestate.com IG-@Jewels_inthedesert Tik Tok-Julie Nagai1 Realtor-Las Vegas S.0190726 Payton Frei Email- PaytonFrei@gmal.com IG- PaytonFrei Tik Tok- PaytonaAltman Realtor-Las Vegas S.0197847

August 19, 202453 min

Differences Between FHA Loans & Conventional Loans

In this conversation, Daniel and Kim discuss the differences and similarities between FHA and conventional loans for first-time home buyers. They cover topics such as down payment requirements, mortgage insurance premiums, and interest rates. They emphasize the importance of considering individual circumstances and shopping around for the best options. They also highlight the need for loan officers to stay educated and up-to-date with the constantly changing mortgage industry. In this conversation, Daniel and his co-host discuss the differences between FHA and conventional loans, including credit score requirements, down payment amounts, and interest rates. They also touch on various programs available for first-time homebuyers and the importance of finding a lender who is knowledgeable and willing to work with these programs. They conclude by discussing interested party concessions (IPCs) and the limitations on seller contributions based on the type of loan.

August 15, 202437 min

Nevada Rural Housing Down Payment Assistance Programs

Buying a home doesn't require 20 percent down, or even much, if you use down payment assistance programs. Listen as Kevin, from NRH, Giselle Leyva, and myself discuss just a few of the programs available to you in Nevada for first-time home buyers and those who already own a home.This episode is intended on explaining how programs start, and why it is important to ask about them. There are so many programs available across the US.Buying a home can feel impossible. But with a little bit of help and knowledge on what you need, it could just be a phone call away. Topics include:-Nevada Rural Housing programs, including their new Launchpad program-Touch on minimum down payments, and how to use NRH's programs to come out with less out of your pockets-How you can find realtors and lender's, like myself and Giselle, that are knowledgeable in how these programs work for you, the home buyer.-How NRH defines "rural" in order to use their programs here in NevadaReference:Nevada Rural Housing- NVRural.org (where you can find details on their assistance programs, and more.)Kevin Hickey-Homeownership Programs Manager, NRH Giselle Leyva- Realtor in Las Vegas, NV Tik Tok & IG: @Realtor_GiselleE: Gisellesellshomes@gmail.comYou can find me at:Tik Tok & IG @daniel_mortgage_loansYoutube: @danielmosquedaloanofficer

January 23, 202457 min

Mortgage Fundamentals on Relocation Buyers

Planning on relocating and financing a mortgage? Rachel and I discuss "the good, the bad, and the ugly" when it comes to purchasing a home when relocating to a new city.When relocating to a different city, state or even country, it's always best to plan ahead. Especially when it comes to purchasing a home. In today's Mortgage Fundamental's Podcast, we cover some of the things to consider before, during and after your move to your new home town. What your employment and income situation should look like. Can you keep your previous home? Or do we need to sell it? What kind of homework should you do on your future city? Rachel Gaston Realtor S.0189731 C.314.620.9007

January 17, 202452 min

Mortgage Fundamentals on VA Loans

VA loans are one the best benefits a vet, or someone currently serving in the military, should take advantage of to get into a home. Christine Phillip, a realtor, and wife to a currently active military serviceman, is here to discuss the benefits, and some tips and tricks, about VA loans. Not only can you use this loan as a 0% down option. But maybe the start to investing in real estate. Christine Phillip Realtor-Las Vegas. BS. 0146525 E: Christine.Phillipp@cbvegas.com W: www.Christinep.cbvegas.com C: 330-242-8297

January 10, 202451 min

Mortgage Fundamentals on Mortgage Terms and Rates

Today's episode, I am joined by the one and only Daniel Chavez, a realtor here in Las Vegas. We discuss the different terms that mortgages come in, including ARM and Fixed-rate terms. And go over what could have an impact on your interest rate. Daniel Chavez Realtor S.0188117 P:702-818-0355

December 19, 20231 hr 16 min

The Fundamentals on Down Payments and Closing Costs

You've submitted your loan application and you had the conversation with your Loan Officer about the costs associated with getting your loan.My friend and realtor here in Las Vegas, Rick Aco, is here as my special guest host to talk about the big 2; down payment and closing costs. Most people have heard about the down payment when it comes to getting a home financed. But most are shocked when I mention closing costs.In this episode of Mortgage Fundamentals, we will discuss what a down payment, how much you might need and what closing costs are associated with doing a loan. We will also go over how we might be able to get some of these costs covered by programs and even the seller of the property.Rick Aco 702.283.4693 rick.aco@cbvegas.com S.0182972

December 12, 20231 hr 9 min

The Mortgage Process

Now that you understand some mortgage fundamentals and why you should get a pre-approval before looking for a home. Let's talk about what the mortgage loan application process looks like.Today, I have Adrian Ornelas as a special guest host helping me educate you on what you can expect when it comes to the loan application process. Starting with the initial consultation. No, not your realtor consultation. But the lender consultation where we get the who, where, when and why you are buying. A lenders best tool to advising you is understanding your reason to buy.Afterwards, we dive into some common documents you should have ready. Then finally go over why accuracy is important when submitting your loan application.Contact Info Daniel Mosqueda 702.972.5772Adrian Ornelas. 702.449.6085 E. Realestateadrian@live.com Social Media: IG-Adrianolasvegas YouTube: adrianOrnelas1