First-Time Home Buyer Guide, Pt. 1: How to Get a Mortgage | Ep. 41

Three of the most-common hurdles to homeownership are the down payment; finding a house you can actually afford and not having sufficient credit history. In this episode we discuss the down payment. If you are not buying all cash, this is arguably one of the biggest challenges facing first-time home buyers or foreign nationals looking to buy in Miami. Enter: financing.

Sandra Mina, Sr. VP of Residential Lending for BB Americas sits down with us to explain mortgages. What is a mortgage? What are the different types? And what is the main difference between getting a mortgage through a bank versus a mortgage broker.

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