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In this episode Nelson reviews the various proposals and programs from the government – from the Trump administration to your local cities and counties, and examines the question: "Will this help or hurt?”

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Is the Trump administration going to help or hurt the housing market? In
Episode 19 of the Utah Home Buyer's Quest Podcast, host Nelson Barss unpacks the MANY new proposals that have come from the Trump administration and others as they try to drive down the cost of home ownership for Americans. Some of these proposals may never actually happen, and others are already in full swing! Are you curious if the 50-year mortgage will ever become common in our industry? Are you wondering if the ban on institutional investors buying single-family homes is really going to happen? Are you curious if you’ll be able to take money from your 401(k) for down payment on a home in the future? Would you like to know if these programs will help you, or possibly hurt you in the future? Tune in to hear these proposals and more explained and examined by a local expert. #50yearmortgage #homebuyergrants #government assistance #trumpadministration #homeownershipvsrenting #buyingahomeinutah #utahrealestate #firsttimehomebuyer #homebuyingtips #governmenthelpforhomebuyers #rentvsown #utahhomebuyer #realestategoals #homeownershipjourney #mortgagetips #utahhousingmarket

In this episode Nelson compares the risks and benefits of homeownership to renting. Isn't it also a commitment to sign a lease? Are you ready in every way to buy a home but fear is still holding you back? This episode is for you!

The best houses in our market sell quickly, and often there are multiple buyers competing for the same house. In this episode, Nelson shares many tips to help you compete and win against other buyers for our dream home!

Sometimes a mortgage pre-approval can be a fragile thing. In this episode Nelson gives you the Do's and Don'ts to keep you from the disaster scenario that could happen if your financing falls through on a home purchase!

Have you heard storied of deals falling apart at the last minute because "financing fell through?" Those stories are usually the result of a bad pre-approval. In this episode, Nelson walks you through a typical pre-approval process at Utah Independent Mortgage Corp. You'll see the level of professionalism and diligence that is required for a solid, reliable pre-approval. Nelson also shares the real risks and costs of relying on a flimsy pre-approval.

Nelson explains 7 reasons he believes the conventional 1% down program from our lending partner UWM is the best way for first-time buyers to finance their home. Listen to learn how this program can help you avoid excessive fees, get a lower payment, and preserve your refinance options for the future.

Trick question: Is Mortgage Insurance Good or Bad? Mortgage insurance can be very good because it helps us buy a home with less than 20% down payment, but it can be bad if you're not careful. Many buyers are wasting thousands of dollars on up-front mortgage insurance or monthly mortgage insurance, all because they didn't know that this piece of the loan is a great place to focus for savings! In this episodes Nelson lays out some rules of thumb designed to help you make the right decisions around mortgage insurance.

In this episode, Nelson focuses on the decision that each buyer must make when they lock their loan. Should I go for a lower rate, or lower fees. Is it possible to get both? Nelson explains how many buyers who intend to refinance in the near future are wasting thousands of dollars by focusing only on the interest rate.