Tony Umholtz talks through how to determine how much home you can afford.

Key Points From This Episode

• An overview of today’s guest, Tony Umholtz.
• How the real estate purchase market has not slowed down but refinancing has. 
• Why we are in a seller’s market. 
• What rate hikes mean and the impact they have on mortgage rates. 
• The impact inflation will have on rates. 
• Why locking as soon as possible is preferable when purchasing a home. 
• What the 28-36 rule is. 
• What banks consider when you apply for a home loan and what factors are more important.
• How the appraisal gap affects the market. 
• The importance of considering expenses, fixed and variable, other than the loan.
• How insurance changes depending on what part of the USA you are in. 
• The danger of over-committing to personal property insurance.
• The effect of property value on tax and how that changes from state to state.
• An overview of the pharmacist home loan product Tony offers through First Horizon. 

Links Mentioned in Today’s Episode

• Learn More About First Horizon’s Pharmacist Home Loan and Start the Pre-Approval Process
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 245: Getting Under Contract in a Competitive Home Buying Market
• Apply for the Pharmacist Home Loan
• Your Financial Pharmacist Disclaimer and Disclosures