Mortgage 101: What You Need To Know Before You Buy!

Are you thinking about buying a home but feeling overwhelmed by mortgage options, credit scores, and interest rates? You’re not alone.In this episode of Keeping Tabs, we sit down with trusted mortgage expert Jake Kolen from Prosperity Home Mortgage to break down everything you need to know about home loans in 2025. From FHA to VA to jumbo loans, they cover it all, with real talk and real help.Whether you're buying your first home or just need a refresher on how lending works today, this episode will help you feel informed, empowered, and ready to take the next step.What You’ll Learn:Why working with a local lender matters in a competitive marketHow to prepare even if you're not quite ready to buy yetThe difference between FHA, VA, jumbo, and conventional loansWhat lenders actually look for: income, assets, debt, and creditHow to avoid becoming "house poor"First-time homebuyer programs and grant optionsThe truth about interest rates and why waiting could cost you moreTimestamps0:00 – Intro: Why this conversation matters3:05 – What if you’re not ready to buy yet?5:30 – Interest rates in 2025: Should you wait or buy now?7:45 – Are the rates too high or just a mindset?13:33 – What loan type is right for you? FHA, VA, Jumbo, Conventional15:43 – What’s a debt-to-income ratio (DTI) and why it matters22:00 – Jake’s “Four Quarters” lenders use to qualify you30:45 – How credit score affects your rate (and your payment)51:08 – First-time buyer programs and hidden grant money53:59 – Why your lender’s reputation can win or lose the dealNeed help figuring out your next move?Schedule a free, no-pressure consult with Tabitha at🌐 www.tabithaheit.com