Don't Put 20% Down! Seriously!

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