Buying With a Conventional Loan? These Decisions Follow You for 30 Years

Buying With a Conventional Loan? These Decisions Follow You for 30 Years Most buyers default to whatever loan their lender suggests without fully understanding what they're agreeing to. With conventional loans, that decision affects your rate, down payment, monthly payment, and costs for the life of the loan. In this video, you'll learn: ✔️ What conventional means and how it differs from FHA, VA, and USDA loans ✔️ What conforming and non-conforming loans are and why the distinction matters ✔️ What loan limits are and how to find the limit for your county ✔️ What jumbo loans are and when they apply ✔️ How PMI works and what it actually costs you each month ✔️ How the 15-year and 30-year terms compare on total cost ✔️ How fixed and adjustable rates work and what the real risk of an ARM is ✔️ What rate caps are and why they don't fully protect you from payment increases ✔️ What loan features like prepayment penalties and balloon payments mean Conventional loans are the most common mortgage in the country, and understanding how they work puts you in a much stronger position before you ever talk to a lender. The decision to buy or sell a home shouldn’t be made lightly. Here at The Betz Team, we want to help make that decision easier by providing you with relevant, educational information about Dallas, Texas real estate and the Dallas, Texas real estate market! Whether you’re looking for helpful tips about buying a home, selling a home, or the latest market statistics, we are here to offer support. The Betz Team is dedicated to helping homebuyers and home sellers achieve their goals, and if you have any real estate-related questions, don’t hesitate to reach out! ► ► Schedule a Call With My Team → http://www.ScheduleWithTheBetzTeam.com ► ► Get Pre-Approved With My Team → https://www.ApplyWithTheBetzTeam.com ► ► Get An Real Estate Agent Referral → http://www.GetaRealEstateAgentReferra... ► ► Search for Real Estate in Private → http://www.StayOffZillow.com TOP RESOURCES 📄 Let Us Beat Your Loan Estimate → https://www.2ndlookprogram.com 📉 Today’s Rates → https://www.WhereAreRatesToday.com 🎓 Lower Student Loan Payments → https://www.CanIReduceMyStudentLoan.com 💳 Credit Score Simulator → http://www.MasterYourCreditScore.com Wade Betz NMLS # 280613 The Betz Team 4514 Cole Ave., Suite 600 Dallas, TX 75205 (469) 906-2522 [email protected] https://www.WinningWithWade.com #WadeBetz #WinningWithWade #RealEstate #Mortgage 00:00 Introduction 00:27 What Conventional Means 01:06 Why Fannie and Freddie Matter 02:15 Loan Limits 03:37 Non-Conforming Loans 04:50 Down Payment and Mortgage Insurance 05:49 Loan Term: 15 Years vs 30 Years 07:13 Fixed vs Adjustable Rate 08:09 How ARMs Work 09:36 Rate Caps 11:02 Teaser Rates and Interest Only ARMs 12:22 When Does as ARM Make Sense? 13:26 Features To Watch For 14:19 Final Thoughts