• Don't Put 20% Down! Seriously!

  • Jan 28 2025
  • Length: 31 mins
  • Podcast

Don't Put 20% Down! Seriously!

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  • Summary

  • In this episode of The Jones zone, Darryl Jones sits down with Joe Omahen, a mortgage banker of Cornerstone First Bank (Mortgage Bank). Darryl discusses with Joe about the possibility of seeing 5% interest rates, why it's not necessary to put 20% down, and why a forced-placed insurance is something you should avoid.

    Episode Highlights:

    • Not necessary to put 20% down.
    • Lock your loan.
    • Be wary of the buyers policy.
    • Impact on insurance from fires.
    • Fall out of escrow because of no insurance.
    • Beware of lenders.

    Key Questions Asked:

    • What are some of the bigger mistakes borrowers/buyers make?
    • What advice would you give buyers in this day and age?
    • What other costs are typical for a buyer?

    Guest Information:

    Cornerstone First Bank

    Joe Omahen - jomahen@cfmtg.com

    Contact Darryl:

    Darryl & JJ Jones Real Estate

    Email: darrylandjj@gmail.com

    Phone: (714) 713-4663
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