In this episode, we delve into the essential aspects of mortgage loans, providing first-time homebuyers with the knowledge they need to make informed decisions. We discuss various mortgage options, including conventional, FHA, VA, and jumbo loans, explaining how each works and their benefits. You'll learn that a mortgage is essentially a loan secured by real estate, similar to car or student loans. We debunk common myths, such as the misconception that a 20% down payment is necessary to buy a home, emphasizing that conventional loans can require as little as 3% down. Tune in for valuable insights that will help you confidently navigate the home-buying process!Support the showPlease subscribe give us a review and share the show. Email show ideas or apply to be a guest at: info@coachclarence.com. We love your feedback.YouTube: Coach Clarence TVInstagram: www.instagram.com/clarencemfergusonInstagram: www.instagram.com/tharealcoachclarenceFacebook:https://www.facebook.com/groups/fitover40withcoachclarenceLinkedin:https://www.linkedin.com/in/clarencef/Pinterest: https://www.pinterest.com/CoachClarence/Twitter: https://twitter.com/fitnusbiznus