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Podcast: Your Financial Pharmacist
Episode: YFP 230: 5 Steps to Get Ready for a Home Purchase
Description: Tony Umholtz talks through five steps for getting ready for a home purchase. Key Points From This Episode Why now is a good time to buy a home. Where you can find out the average interest rates in the home loan industry. Tony explains what discount points are and why you need to understand them. The importance of reading the fine print. Know your budget! How lenders determine how much they are going to lend. What the 28/36 rule is. Tony runs through the pros and cons of a 20% down payment. How savvy investors look at returns. Compar...