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    I just closed on my biggest home ever, and the process taught me things I did not know even as a money guy. So I brought my realtor Keith James and mortgage lender Jamal on the show to break it all down for you. If you are thinking about buying a home, refinancing, or building wealth through real estate, this conversation is going to save you money and headaches. We talked about why self-employed buyers get penalized even when they have the cash, the difference between APR and interest rate (and how lenders hide fees in the back end), why buying down points right now is usually a waste of your money, the truth about Down Payment Assistance programs and the silent second lien most people never see coming, and why 2 and 3 percent mortgage rates are not coming back any time soon. If you are in the DMV area or anywhere in the United States and you want a realtor and lender who will actually educate you instead of pressure you, Keith and Jamal are who I trust. ๐Ÿ“ฒ Resources I mentioned: - Get the In The Black app: https://www.anthonyoneal.com/intheblack - Open a high-yield savings account with SoFi: https://www.anthonyoneal.com/sofi - Protect your family with term life insurance through Ethos: https://www.anthonyoneal.com/ethos Episode Time Stamps: 00:00 Why I had to bring Keith and Jamal on the show 00:55 Meet Jamal: mortgage lender at Cross Country Mortgage 01:23 Why it is harder for self-employed buyers than W-2 employees 02:45 The jumbo loan trap and why your tax strategy matters 03:44 The 5-year rule: when lenders only need one year of returns 04:38 My personal tax strategy and why I had to file early in 2025 06:01 Why underwriters are getting tighter in this economy 07:12 Hidden truth: how loan officers can lose their commission 08:51 Where do banks actually get the money to fund your loan? 10:39 The difference between APR and interest rate (this is huge) 12:23 How lenders hide fees in processing and underwriting 13:15 You will pay over $1 million in interest on a $700K loan 13:44 Should you pay discount points right now? The honest answer 15:18 Why I refused to pay $17,000 to buy down my rate 16:40 The strategy that put $10,000 cash back in my pocket 17:28 When should you reach out to a realtor and lender? 18:17 The three buckets: price, location, suitability 20:23 The 2.4 million dollar house that almost got me 21:47 How I trusted my gut and walked away from the wrong home 23:23 What Jamal needs from you to start the process 24:53 The red flag that tanks your underwriting (declining income) 26:05 Why you need a tax strategist, not just a tax filer 27:30 Why APR should be on your pre-approval letter 29:00 When paying points actually makes sense (refinancing) 29:59 The closing cost reality nobody on social media talks about 30:36 The Down Payment Assistance trap (silent second lien) 32:31 The 20-year DPA lien that traps your equity 34:14 Why your loan officer and realtor are non-negotiable 35:27 Are 2 and 3 percent mortgage rates ever coming back? 36:35 Why a 5 percent rate is the realistic goal 37:30 The truth about competition during low-rate markets 38:20 Stop asking about the rate, ask this question instead 39:17 Why renting forever is not the answer for our community 40:31 What the wealthy actually do with real estate 42:21 Hyperlocal market reality: stop watching national news 44:32 How a relationship between realtors saved my deal 45:38 Why a seasoned realtor is worth every penny 46:51 Closing thoughts: narrowing the wealth gap through homeownership 47:58 How to connect with Keith and Jamal ABOUT ANTHONY ONEAL: Anthony O'Neal is a nationally bestselling author, speaker, and host of The Table with Anthony O'Neal. He holds a Bachelor of Science in Finance & Banking and is a professor of Consumer Economics at Virginia Union University. Since 2014, he's helped millions of people get out of debt, build wealth, and break generational poverty. His mission is to help you maximize your income, eliminate debt, and create a life of freedom and legacy. ๐Ÿ“… BOOK ANTHONY TO SPEAK AT YOUR EVENT: bookings@anthonyoneal.com ๐Ÿค SPONSOR THE TABLE PODCAST: partnerships@anthonyoneal.com Connect With Anthony: ๐Ÿ‘‰ Website: https://www.anthonyoneal.com ๐Ÿ“ธ Instagram: https://www.instagram.com/anthonyoneal ๐ŸŽต TikTok: @_anthonyoneal FREE TOOLS & RESOURCES: ๐Ÿ“Š Budgeting & Wealth Tracker: https://www.anthonyoneal.com/wealthbudget ๐Ÿง  Book a FREE 15-Minute Financial Plan: https://www.anthonyoneal.com/getmyplan ๐Ÿ“ž Call In & Be On The Show: (771)-224-8131 Affiliate Disclaimer: Some links are affiliate links, meaning I may earn a commission at no extra cost to you. Many offer special discounts for my community! โš ๏ธ GENERAL DISCLAIMER This content is for educational and entertainment purposes only. I am not a licensed financial advisor. Please do your own research and consult a certified professional before making financial decisions.
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