EPISODE · Jul 10, 2025 · 1H 37M
Mortgage Broker: Honest truth of how to afford a home in high cost areas
from Real Talks on the Rocks · host Michael Acosta
Chapters: 00:00- Preview 00:46-Intro 01:25-What you don’t know about mortgage brokers 04:48-Expectations people have about financing a home 09:19-the debts that most people are carrying 12:27-The 4 basic steps to wealth 15:30-Buying power examples 23:01-Do mortgage calculators work? 25:30-Buyers remorse 33:40-expenses: renting vs. owning 37:35-Buying for investment vs. primary residence 41:28-How much down payment do you REALLY need? 45:45-When housing inventory will SPIKE in the Bay Area 51:05-What the average Bay Area family can afford 54:55-Different home loans and their strategies 59:12-Is a 15-yr mortgage better? 1:04:12-What are reverse mortgages 1:16:38-How will Trump’s policies affect the interest rates? 1:22:30-ways to cover closing costs 1:29:11-Which homes appreciate the fastest
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What this episode covers
In this episode of Real Talks on the Rocks, I sit down with Scott Hill, who is the owner of Hill Mortgages based in the Bay Area. Scott goes over his honest assessment of getting the right buyers in the right homes and talks about the difficulties of informing buyers when the price of the home exceeds their means. Scott also talks about what you can do to be able to afford a great home in a high cost off living area, such as the San Francisco Bay Area.
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Mortgage Broker: Honest truth of how to afford a home in high cost areas
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