Get Keys With Kim: Real Talk & Real Estate Kim McBride

We're back for Part 2 of Marry the House, Date the Rate with Mortgage Lender of Kevin Parlett of Direct Home Loans. Join us as we finish out our char on 2-1 buy downs and downpayment assistance programs.   [0:00:37] Catch 22 with Bank Statement Loans and 2-1 Buydowns [0:03:52] Can you use a 2-1 Buydown with Other Incentives? [0:05:40] Down Payment and Closing Cost Options [0:12:28] What are Closing Costs? [0:14:42] What is a Home Warranty? [0:16:38] Hometown Heroes, Baltimore City, Maryland Mortgage Program [0:20:02] Home Ready Program [0:22:30] "Stacking" Multiple Down Payment Programs [0:26:44] Incentives: The Difference Between Grants and Loans [0:33:08] Maryland Smart Buy Program  Guest Speaker: Kevin Parlett IG: @kevinparlett FB: Kevin Parlett Google: Kevin Parlett  Podcast Host: Kim McBride, Real Estate Associate Broker RLAH Real Estate  12505 Park Potomac, 7th Floor Potomac, MD 20854  Websites: 🌍 www.getkeyswithkim.com 🌍 www.getkeysacademy.com  Podcast: 🎙️ www.anchor.fm/getkeyswithkim  Appointment: 📅 www.calendly.com/getkeyswithkim  Social Media:  IG: @getkeyswithkim  FB: Kim McBride-Real Estate Professional


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We're back with a brand new episode called "Marry the House, Date the Rate". Over the past few months, the real estate market has taken some major hits as it relates to interests, with increases up to 8 percent. Many buyers have been looking to decide if now is the right time to purchase a home, and we sit down with Kevin Parlett of Direct Mortgage Loans to discuss the process of buyers getting pre-approved, current interest rates, specialty loans, downpayment assistance programs and 2-1 Buydown options. Listen in now to hear what goes down in part I. 



[0:00:36] Episode and Guest Intro [0:05:52] The Initial Steps for Buyers to Get Pre-Approved [0:06:55] Documents Lenders Need From Potential Buyers [0:08:49] What Lenders Are For When Pre-Approving Buyers? [0:11:11] Preparing Tax Returns/Deductions for the Self-Employed [0:12:03] Alternative Loan Option/Bank Statement Loans [0:14:01] What Are Discounts Points? How Can They Benefit Buyers? [0:16:56] Should You Buy Down Points In This Market? [0:19:25] What Is The Interest Now? [0:20:38] Incentive Alert: Waived Lender Fees for Refinancing with Direct Mortgage Loans [0:22:04] What Are Lender Fees? [0:23:04] The Difference Between Lender Costs, Loan Costs and Closing Costs [0:25:52] How Do Lenders Get Paid [0:27:12] Lender Credits: What Is It? Who Does It Help? [0:32:05] Introducing the 2-1 Buydown


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Shymeia Lee and I are back for Part 2 of the episode "Getting Mortgage Credit Ready". Listen in as we cover the remaining topics:  [0:00:48] Part I Recap [0:01:09] Medical Bills and Other Debts to Be Paid Off [0:03:15] Is Credit Karma accurate?  [0:09:16] The Difference in Mortgage FICO scores [0:11:42] Nothing in Real Estate in Free [0:12:32] Identity Theft and The Home Buying Process  [0:14:03] Why Are Credit Scores Run More Than Once? [0:15:48] Can Lenders Use a Credit Report From the Buyer? [0:17:39] Disputing Your Credit Score During the Home Buying Process  [0:20:01] How Do Upcoming Payoffs Affect Your Credit? [0:22:57] What Documents are Needed When Purchasing a Home? [0:30:09] How Does Co-Signing Work? [0:31:21] Documents Needed for Self-Employed Buyers and Side/Part-Time Jobs? [0:36:11] Does Owing Money to the Government Affect Your Ability to Buy a Home? [0:38:09] The Importance of Having a Good Lender and Agent [0:48:56] Connecting with Shymeia for Mortgage Support [0:49:52] Closing Comments [0:50:48] Outro  Guest Speaker: Shymeia Lee IG: @shymeialee FB: Shymeia Lee Google: Shymeia Lee  Podcast Host: Kim McBride, Real Estate Associate Broker RLAH Real Estate  12505 Park Potomac, 7th Floor Potomac, MD 20854  Websites: 🌍 www.getkeyswithkim.com 🌍 www.getkeysacademy.com  Podcast: 🎙️ www.anchor.fm/getkeyswithkim  Appointment: 📅 www.calendly.com/getkeyswithkim  Social Media:  IG: @getkeyswithkim  FB: Kim McBride-Real Estate Professional


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Former Real Estate Agent turned Mortgage Consultant, Shymeia Lee is joining us today to tell us all about how to get Mortgage Credit Ready. Learn the basics of credit and what really makes up your credit score and what can affect it, both positively and negatively. Credit is simple and complicated at the same time, so listen in and come learn some strategies to get a good credit score.   We’re getting into what debts you need to pay off (or not) before you pull out a mortgage. Are credit estimates from free sites accurate and what are they good for? What about if your identity is stolen while you’re trying to get approved to buy a house? All this and more is covered in today’s episode of Get Keys with Kim.   When you are looking for a lender, find someone that will take the time out to answer your questions and hold your hand through the process. If you want to get in touch with Shymeia, you can find her on all platforms as Shymeia Lee. Thank you for listening in to today’s episode!   [0:00:00] Show intro  [0:00:34] Welcome into 2023  [0:01:39] First guest of the year, Shymeia Lee [0:03:18] A little bit about Shymeia  [0:06:29] Why did Shymeia switch from a realtor to a mortgage consultant  [0:07:54] The advantages of being in both sides [0:12:31] The basics of credit: What makes up a credit score?  [0:19:00] How far back do negative things affect credit? [0:21:48] Are challenges because of COVID passed now?  [0:23:09] Why is no credit “bad” credit?  [0:26:36] Ideal credit score  [0:31:24] How does it work when one partner has great credit and the other doesn’t?  [0:38:16] Do medical bills (or other debts) need to be paid off before a mortgage?  [0:40:44] Is Credit Karma accurate?  [0:44:16] Setting accurate expectations [0:46:46] What are the differences between algorithms?  [0:49:06] Identity theft during the home buying process  [0:53:16] Can a home buyer give the loan officer a credit report?  [0:55:06] Disputing your credit score during a home buying process  [0:57:30] What if something gets paid off during the buying process?  [1:00:25] What documents do you need to bring when you’re looking to buy a house and the cosigning piece of the equation  [1:13:37] When a buyer owes money to the government [1:19:29] Your lender and agents influence on your mortgage  [1:25:48] Where to reach Shymeia  [1:27:24] Closing comments [1:28:15] Outro   Shymeia Lee IG:  @shymeialee5340  FB: Shymeia Lee Google: Shymeia Lee


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We're back for Part II of Divorce and Real Estate with Angel Murphy, Esq of Murphy Law Firm. Angel continues to drop gems about

1:02     Pre-and Post-nuptial agreements and protecting real estate assets

6:58     If one party dies during the divorce proceedings, what happens to the real estate?

10:01   What happens to a business or a trust in a divorce?

11:58   Can the other be removed from a will or trust during divorce proceedings?

14:03   What happens when someone other than the married couple's name is on the deed?

17:27   Have questions? Contact Angel for more information


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Are you or someone you know getting  divorce? Is there real estate involved? If so, this episode is for you. Join me and Angel Murphy, Esq of Murphy Law Firm as we discuss the ins and outs of divorce proceedings and the division of real estate assets. 

3:10   What is considered marital property?

4:10   What if one person is on the dee d and the other on the loan?

7:16   Who gets the proceeds from the sale of the property?

9:06   Does infidelity have to be proven?

10:19  Is community property a term only used with married individuals?

10:55  What happens to property purchased by a couple (together), prior to marriage?

12:53  What happens to property inherited during the marriage?

16:13  What is divisible property?

17:36  Can a divorce decree force parties to sell assets/real estate?

20:38   Is there anything one party can do to prevent the sale of the home?

23:04  What if one party stops paying the mortgage?

26:20  Can one party buy out the other?

29:30  If one person's name is on the deed, do they have the sole right to sell the property before the divorce proceedings?

32:06  What if neither party wants to sell the property?

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Angel Murphy, Esq. of Murphy Law Firm

Facebook: www.facebook.cm/amurphylegal

Instagram: @amurphylegal

YouTube: Angel Murphy, Esq.

Twitter: amurphy_legal

LinkedIN: themurphylawfirm


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