How To Buy a House for the First Time with PJ Vilardo
03/10/22 • 41 min
Have you ever wanted to buy a house? Do you know where to start? The answer is with your lender! PJ Vilardo, owner of his own Mortgage Brokerage in Colorado, California, and Florida, walks us through the home loan origination process so you know exactly what to expect!
He gives us a great analogy, that buyers often want to eat the ice cream before they have their broccoli. Ice cream being the house shopping process that people do with me, your Realtor, and the broccoli being the loan origination process that buyers need to do with PJ. But, as any healthy child knows, you've got to eat your broccoli before you get to eat the ice cream :-)
Without having your loan in place there's no reason to go house shopping. Because whatever you see that weekend will be sold by Sunday and you cannot submit an offer for that house without your loan pre-approved ready to go. But when your loan amount is known, it really opens up a cool opportunity for home buyers to feel strong in knowing what they can afford!
PJ and I cover very important topics like what documents you need ready to buy a house, the national FHA program where you can give as little as 3.5% down payment, and the difference between self employed buyers and W2 buyers.
He also leaves us with a really great tip, basically a mental mortgage calculator, if you will: Every $5,000 up or down on your loan amount will change your monthly mortgage payments by $20 to $25 dollars! That's really amazing and not that much money.
***
If you want to contact PJ, who is also our podcast sponsor for this month, you can reach him via his email, [email protected], or his website http://www.millenniummortgage.io/
Millennium Mortgage social profiles:
Zillow: https://www.zillow.com/lender-profile/millenniummortgagellc/
IG: https://www.instagram.com/millenniummortgagellc/?hl=en
FB: https://www.facebook.com/millenniummortgagellc
***
To contact me, Madison Hopkins, your Colorado local Green Realtor, email me at [email protected]!
My social profiles:
Zillow: https://www.zillow.com/profile/MadisonHopkins80203
TikTok: https://www.tiktok.com/@ecofriendlyhomes
And follow my YouTube to watch the full podcast! https://www.youtube.com/channel/UCixRflPmGyiytxoKIqVArFQ
Have you ever wanted to buy a house? Do you know where to start? The answer is with your lender! PJ Vilardo, owner of his own Mortgage Brokerage in Colorado, California, and Florida, walks us through the home loan origination process so you know exactly what to expect!
He gives us a great analogy, that buyers often want to eat the ice cream before they have their broccoli. Ice cream being the house shopping process that people do with me, your Realtor, and the broccoli being the loan origination process that buyers need to do with PJ. But, as any healthy child knows, you've got to eat your broccoli before you get to eat the ice cream :-)
Without having your loan in place there's no reason to go house shopping. Because whatever you see that weekend will be sold by Sunday and you cannot submit an offer for that house without your loan pre-approved ready to go. But when your loan amount is known, it really opens up a cool opportunity for home buyers to feel strong in knowing what they can afford!
PJ and I cover very important topics like what documents you need ready to buy a house, the national FHA program where you can give as little as 3.5% down payment, and the difference between self employed buyers and W2 buyers.
He also leaves us with a really great tip, basically a mental mortgage calculator, if you will: Every $5,000 up or down on your loan amount will change your monthly mortgage payments by $20 to $25 dollars! That's really amazing and not that much money.
***
If you want to contact PJ, who is also our podcast sponsor for this month, you can reach him via his email, [email protected], or his website http://www.millenniummortgage.io/
Millennium Mortgage social profiles:
Zillow: https://www.zillow.com/lender-profile/millenniummortgagellc/
IG: https://www.instagram.com/millenniummortgagellc/?hl=en
FB: https://www.facebook.com/millenniummortgagellc
***
To contact me, Madison Hopkins, your Colorado local Green Realtor, email me at [email protected]!
My social profiles:
Zillow: https://www.zillow.com/profile/MadisonHopkins80203
TikTok: https://www.tiktok.com/@ecofriendlyhomes
And follow my YouTube to watch the full podcast! https://www.youtube.com/channel/UCixRflPmGyiytxoKIqVArFQ
Previous Episode
We Don't Waste with Julia Lennon
We Don't Waste is a nonprofit based in Denver, Colorado servicing clients by receiving their food waste and servicing the community by then turning that recovered food into a meal for families and shelters.
Julia Lennon is the Programs and Education Manager at We Don't Waste.
https://www.wedontwaste.org/
Food waste does not have to exist with food recovery programs like We Don't Waste!
Contact your host, Madison Hopkins, via email [email protected]
Contact our podcast sponsor, PJ Vilardo, with Millennium Mortgage via email [email protected]
Next Episode
The "Seedlings" Newsletter wit Founder Matt Sandy
In this episode of Eco-Friendly Homes we meet with Matt Sandy, Founder of the digital email newsletter, Seedlings.
https://seedlings.media/
Seedlings is a really cool because they tell stories that inspire us to keep being better to each other and to the earth. It is a sustainability focused, earth centric, positive vibes only kind of e-newsletter that comes to your inbox three times a week.
Matt and his founding team of journalists at Seedlings work hard to fill their news with really engaging stories like "Hila The Killa" Eco-Rapper, going green in filmmaking, and upcycled art made to protect cats from the extreme changes in climate.
https://www.instagram.com/hilathekilla/
https://lwlies.com/articles/green-filmmaking-sustainability-in-cinema/
https://www.youtube.com/watch?v=duaNyMwgHmA
Lastly, Seedlings has a Slack channel that allows people to contribute new ideas or initiatives they've found or are doing! They also have Seedlings "campuses" found across several college campuses in the USA. Email them if you want to bring a Seedlings outlet to your school!
https://seedlings.media/ourcampus
[email protected]
Meet the Founder, Matt Sandy: https://www.linkedin.com/in/matthewsandy/
Looking to get in touch with me? Email me, [email protected]
Looking to get in touch with our sponsors at Millennium Mortgage? Email PJ, [email protected]
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