Ep #09: Understanding Mortgages: What You Need To Know With Damian Gilbert

For many people, it can feel incredibly daunting to take the first steps toward home ownership. However, with millions of people becoming homeowners every year, it is entirely possible to do and isn’t as scary as it may seem. So, where do you begin? And what mortgage will be the best option for you? Damian Gilbert, Vice President of Mortgage Production for Regions Bank, joins the show to explain the concepts, strategies, and action plans you’ll need to start owning your first home.

Listen in as Damian shares the importance of finding someone you really trust to help you with your mortgage, as well as why understanding your debt situation is an essential step toward home ownership. You will learn how to ensure you’re financially ready for a mortgage, how to decide on how much money you can afford for a mortgage, and more.

 

Listen to the Full Episode:

What You’ll Learn in Today’s Episode:

  • The different types of mortgages.

  • How Damian decided to work in mortgage production.

  • The importance of finding the right mortgage for your needs.

  • Why you must understand your debt situation.

  • How to make sure you don’t overextend.

Ideas Worth Sharing:

  • “A mortgage is like a tailored suit. Every suit fits people differently.” - Damian Gilbert

  • “[When choosing a broker], you’ve got to go with someone that you trust.” - Damian Gilbert

  • “Understand your debt situation.” - Damian Gilbert

Resources Mentioned:

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Ep #10: Beyond the Headlines: Biden’s Student Loan Forgiveness

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Ep #08: Generational Wealth Building and Determining your Legacy