The Perfect Property Podcast: An Atlanta Real Estate Guide
The Perfect Property Podcast: An Atlanta Real Estate Guide
Why Buy Now? Real Talk with Daniel Palmer from Shelter Mortgage
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The Perfect Property Podcast
With Host Juli St. George
GUEST: Daniel Palmer, Loan Originator with Shelter Mortgage
Summary:
The passion is unmistakable when Host Juli St. George welcomes Daniel Palmer, a loan originator with Shelter Mortgage, on this episode of The Perfect Property. What are they so passionate about? Getting people out of “perpetual renter” status and into owning their first home. These two real estate experts are challenging us to ask: Why am I paying someone else’s mortgage instead of my own? Worried that your iffy credit or student loans put dreams of homeownership out of reach? There are things you can do to work around whatever stumbling blocks and position yourself to buy, even in an environment with higher interest rates. You’ll learn about fantastic programs that Shelter Mortgage has partnered with KellerWilliams Realty
to make widely available and attractive to first-time homebuyers. The key to getting there is coming up with a plan – and then executing on it, step by step. That’s where trusted real estate advisers like Juli and Daniel come in. They will work together with you to achieve your dream!
Want to find out whether you can pre-qualify for a home loan? Visit Daniel’s website to complete an application at this link. Or give him a call – anytime day or night – just to chat about it and ask questions. Just click here!
If you have any questions or suggestions for future episodes, please visit Juli St. George at her websiteor reach out via phone by clicking here.
You can also subscribe to, rate and review The Perfect Property’s entire archive of episodes by visiting this link or searching for Juli St. George on your favorite podcast streaming platform.
What You’ll Learn:
· Navigating the Higher Interest Rate Environment: Daniel weighs in on today’s real estate market and keeping your loan pre-qualification current so you’re ready to strike!
· Debunking a Myth: Why it’s not necessarily a seller’s market and interest rates aren’t actually all that high historically. Perception is not reality!
· The Long View: How waiting for an elusive reduction in interest rates can cost you in sacrificed home equity.
· The Truth About Down Payments:
o Down payments of 20% are not required – at all!
o There are all kinds of state- and city-sponsored programs to help you locate the down payment that’s right for you. Find out more and get assistance here.
· Getting the Help You Need: Daniel shares highlights from a recent town hall event that highlighted both a close alliance with KellerWilliams and a unique program.
· Learn All About Freddie Mac’s BorrowSmart Program:
o It’s geared towards first-time home buyers.
o Prospective buyers will qualify to receive $3,000 or more if they meet three requirements:
§ A 3% down payment.
§ Complete 1-1 home ownership counseling.
§ Qualified income less than or equal to 140% of the median local income.
https://linktr.ee/julistgeorge
The Perfect Property Podcast
With Host Juli St. George
GUEST: Daniel Palmer, Loan Originator with Shelter Mortgage
Summary:
The passion is unmistakable when Host Juli St. George welcomes Daniel Palmer, a loan originator with Shelter Mortgage, on this episode of The Perfect Property. What are they so passionate about? Getting people out of “perpetual renter” status and into owning their first home. These two real estate experts are challenging us to ask: Why am I paying someone else’s mortgage instead of my own? Worried that your iffy credit or student loans put dreams of homeownership out of reach? There are things you can do to work around whatever stumbling blocks and position yourself to buy, even in an environment with higher interest rates. You’ll learn about fantastic programs that Shelter Mortgage has partnered with KellerWilliams Realty
to make widely available and attractive to first-time homebuyers. The key to getting there is coming up with a plan – and then executing on it, step by step. That’s where trusted real estate advisers like Juli and Daniel come in. They will work together with you to achieve your dream!
Want to find out whether you can pre-qualify for a home loan? Visit Daniel’s website to complete an application at this link. Or give him a call – anytime day or night – just to chat about it and ask questions. Just click here!
If you have any questions or suggestions for future episodes, please visit Juli St. George at her websiteor reach out via phone by clicking here.
You can also subscribe to, rate and review The Perfect Property’s entire archive of episodes by visiting this link or searching for Juli St. George on your favorite podcast streaming platform.
What You’ll Learn:
· Navigating the Higher Interest Rate Environment: Daniel weighs in on today’s real estate market and keeping your loan pre-qualification current so you’re ready to strike!
· Debunking a Myth: Why it’s not necessarily a seller’s market and interest rates aren’t actually all that high historically. Perception is not reality!
· The Long View: How waiting for an elusive reduction in interest rates can cost you in sacrificed home equity.
· The Truth About Down Payments:
o Down payments of 20% are not required – at all!
o There are all kinds of state- and city-sponsored programs to help you locate the down payment that’s right for you. Find out more and get assistance here.
· Getting the Help You Need: Daniel shares highlights from a recent town hall event that highlighted both a close alliance with KellerWilliams and a unique program.
· Learn All About Freddie Mac’s BorrowSmart Program:
o It’s geared towards first-time home buyers.
o Prospective buyers will qualify to receive $3,000 or more if they meet three requirements:
§ A 3% down payment.
§ Complete 1-1 home ownership counseling.
§ Qualified income less than or equal to 140% of the median local income.
o Designed to support borrowers who have been disqualified because of AMI (Average Median Income) restrictions.
· Check Out Freddie Mac’s Three-Step Renovation Program:
o For borrowers who want to get into a home that needs some updates or TLC.
o Additional authorization for a renovation loan of up to 1% of the sale price.
o Creates a partnership platform with area “big box” home improvement stores to execute renovations with funds specifically set aside when the deal closes.
o It’s a plan that affords you the opportunity to get creative and started on the path to the home of your dreams.
· Gazing Into the Crystal Ball: Daniel takes a look at interest rates and the risks of trying to game the market trendlines. Numbers vary and everyone else is trying to predict!
· Words of Wisdom: Buy now! Zig where others are zagging. If you’re waiting for rates to go down, you’re:
o Missing out on an opportunity to build valuable equity.
o Likely to get stuck in an overheated market should rates go down.
o Can probably count on a very long wait!
o May forfeit the chance to get into a home, start reaping the benefits of ownership and refinance later (at no cost) should rates go down.
o Going to get stuck in the frenzied herd, paying over listing when the real estate market inevitably overheats down the line.
· Ready to Jump In? What’s next?
o Work on bringing up your credit score.
o Get financial ducks in a row.
o Reach out to Daniel and get qualified today!
· Why Student Loans Are Not a Deal Breaker: There are loan programs that take into account the holistic financial picture.
· What’s Probably Holding You Back from Home Ownership:
o Student loans.
o Variable interest rates.
o Credit card debt.
o Cost of living/inflation.
· Why You Should Move Ahead with Home Ownership No Matter the Obstacles: Because life, circumstances and the economy are unpredictable. Home equity is real!
· Ready to Stop Being a Perpetual Renter? Your first home – however modest – is a first step towards acquiring your long-term financial goals.
· The Cost of Waiting: You’ll continue to pay someone’s mortgage – just not your own. It is a missed opportunity to get a foothold on which to build.
Notable Quotes:
· “Sellers can’t sell unless you’re willing to buy. So make sure you go out there with the focused intention on what you want to do and make sure you’ve got someone in your corner so you’re making the best possible decisions.” (Daniel)
· “It’s all about knowing your power, knowing your leverage and knowing how best to enter into the (transaction).” (Daniel)
· “People just need to understand that the 2% or 3% mortgage is gone. It’s not coming back anytime soon … And if you’re waiting you’re going to lose out on building equity.” (Juli)
· “We love (mortgage support) programs because it really helps people across the board – no matter where you’re looking in Atlanta – to get in, start this home ownership journey.” (Juli)
· “You don’t want an interest rate that you can brag about at a cocktail party. You want an interest rate that fits your lifestyle and what you plan to do in the future.” (Daniel)
· “We’re not selling homes. We’re not selling mortgages. We’re selling literal peace of mind – the confidence and knowledge of what your tomorrow is going to look like!” (Daniel)
· “Now is the time to do the right thing – and you don’t have to pay $100,000 over listing price. Either you’re going to pay for it in an interest rate or pay for it over listing price. One wasn’t a better deal than the other. It’s just a different market.” (Juli)
· “We want to make sure you’re not over-buying your house, but that you’re right-buying your house … We’re going to stick to the budget so that you’re doing the right thing financially.” (Juli)
· “People who I see investing in second and third houses aren’t geniuses. They aren’t rocket sciences or millionaires. What they are? People who have a vision, a plan and have stuck to that plan.” (Daniel)
Relevant Links/Further Resources:
· Learn more about the straight-up facts on down payments at this link.
· Click here to check out Freddie Mac’s BorrowSmart income and eligibility tool.
· Find out about the benefits of Freddie Mac’s renovation mortgages at this link.
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