The Three DON’TS of Homebuying with John Mallett of Mainstreet Mortgage

In this episode of "15 Minutes with Paul Ward," get ready to dive deep into the world of homebuying as renowned real estate expert Paul Ward sits down with the brilliant John Mallett of Mainstreet Mortgage. Using his “Out of the box thinking,” John focuses on the “Three DON'TS of Homebuying."

From steering clear of media traps to changing your thoughts on Reverse Mortgages, this episode is your essential guide to a successful home purchase. Don't miss this eye-opening conversation that promises to empower you with the knowledge needed when it comes to home buying.

Join us for an enlightening 15 minutes that might just save you from costly mistakes and set you on the path to homeownership success. So, buckle up and get ready to transform your home buying journey with expert insights, exclusively on "15 Minutes with Paul Ward"!

 

Watch the full episode on Paul’s YouTube Channel

 

0:00  Intro music

0:04  Welcome to the show and introduction of John Mallett of Mainstreet Mortgage

0:24  Today we will discuss the 3 big DON’TS when buying a house

0:50  What is the 1st big DON’T when buying a house?

0:58  John tell us to NOT listen to the media

1:30  John gives us an example of why buying is better than renting in the long run

2:27  John confirms that interests rates are higher right now, but share a HUGE benefit to this when it come to taxes

3:13  We get an example of tax itemization

4:43  A few examples of the benefit of homeownership no one talks about

5:45  If you can buy responsibly, John tell us to buy now and explains why

8:25 The 2nd big DON’T is given to us by John

8:42 The issue with staying in a home just because you currently have a good interest rate

10:20 Low inventory causes home prices to stay high

11:03 Paul asks John what the 3rd big DON’T to homebuying is

11:40 What is a Reverse Mortgage?

12:07 Who is Robert Merton and what does he think of Reverse Mortgages?

12:33 Are Reverse Mortgages for everybody?

13:20 John tells us why Reverse Mortgages are leaving individuals in a positive equity position in most cases

14:20 A couple basic guidelines for getting a Reverse Mortgage

15:06 Get a signed FREE copy of John Mallett’s book: Buy Your First Home Today

15:56 “You don’t find the house, but the house finds you.”

16:20 John explains his philosophy on homeownership and legacy

18:10 John Mallett’s contact information

19:25 Paul Ward’s contact information

19:33 Thank you to our Sponsor: Opus Escrow

 

Get your FREE copy of John Mallett’s book by emailing your name and address to: paul@homeandranchteam.com

 

Related Episodes:

Where Are Real Estate Prices Headed in Ventura County?
Zoning Laws and Permits in Ventura County, CA
Building Dreams or Buying History?

 

How to reach John Mallett:

johnmallett@mainstreetloans.com

805-432-2382

 

How to reach Paul:

paul@homeandranchteam.com

805-479-5004

 

Check out our featured listings as well as other properties for sale in the area:

Homeandranchteam.com

 

Have ideas for future episodes? We'd love to answer your questions - leave a comment! For any home buying or home selling needs in the Ventura County area of California, please reach out to Paul@HomeAndRanchTeam.com or visit www.HomeAndRanchTeam.com

 

A special THANK YOU to our sponsors! 15 Minutes with Paul Ward would not be possible without the support of our sponsors, Opus Escrow and Community West Bank. Supporting our sponsors ensures 15 Minutes with Paul Ward can provide listeners with the best possible episodes.