S2025 Ep245: Will You Afford a Home in 2026? Live Financial Analysis--Part 1

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Hey, there folks, Dan Frill.

Here, start my, as I read, and I had cataract, some cataracts things done yesterday.

But I got to ask you a question.

If you wanted to buy a house in 2026, would you even know where to start?

Okay, so here's a prompt to this video.

Well, I did a live event about a year or so ago, and what happened was my son, he was

looking to buy his first house, and I'm like, okay, if it wasn't for me, what would you

do?

He's like, I'd probably Google it, and I'm like, oh, come on.

Well, just about a week ago, I had Pastor Ross.

He's a great friend of mine.

I used to be on Christian radio for like 15 years in Chicago.

He called me up, and he said, okay, my daughter's, she's buying a house, and we need some help.

So I was like, okay, and he's like, it's been a long time since I bought.

I know now that, you know, who pays the realtors and how's all this work?

So that's what I thought I'd do another live event to help you guys today help him.

Where do you start?

And where do you go from here?

If you're looking to buy a house now, there's a disclaimer I want to give you guys.

I'm not here to talk you into buying a house.

I don't really think everybody should buy a house.

So if you've decided, yes, it's time for me, maybe my family to buy a house, where you

know somebody interested in this, you know, have them reach out, subscribe over there.

But let's get to today's channel.

I'm going to give you all the links you guys need below to follow me.

We're going to basically just methodically go through this platform, and I won't want you

guys to understand by the time we're done, kind of least where to start, what to focus in

on, and some of the areas that we're really going to touch today.

So you might not even thought, okay, I didn't really think that was a big deal, but it might

be.

So let's get over to it.

The first thing I do every day, and hopefully if you join me here, you're following

me every day.

Hopefully, we go over, and my goal each day is to help you guys understand what's going

on those and the wise behind it.

But today, I want you to understand where do you get rates, but before we go there, that's

kind of the last thing we really need to worry about, because if you can't qualify,

maybe your credit's not good enough, maybe you don't make enough income, you might think,

okay, I can buy that house, but maybe you can't.

And I'm going to give you a whole bunch of tools.

Check down below, I change everything, I couldn't do it free anymore because it had everybody

confused.

So if you want to contribute a dollar, you can down through there, there's everything

that we're going to go over today is down below, a couple of calculators, you pay for,

it's a dollar, sorry, you can't do it free anymore, you got kind of tagged.

But there's, I'm going to give you all the free links to the things that you can focus

in on here right now.

So let's get to this in a second.

Here's the tools I want you guys to use, one of the tools is right down below.

This is going to give you all the calculators that we have.

I'm not here to sell you these things, okay folks, you can reach out to me, I can probably

send you these for free somehow.

But here's what I want you to understand.

Before you start focusing on rates, because most people are like, okay, what's the best

rate out there?

You have to focus, do you qualify?

Okay, so let's go down the first piece of the puzzle I want you guys to understand.

If you've decided to buy a house, what I want you to do right now is write down some things,

and these are the most important things you need to focus in on.

One, what's your credit score?

What is your real credit score?

You probably don't know.

You might know, okay, DiscoverCard sends me this thing bill each month, and here's my

credit score.

You know, you have probably 36 or more credit scores, okay, here's how it works.

Your credit score is, there's three different repositories.

There's TransUnion, there's Equifax, and there's Experian, okay.

Each one of them has a whole subset of numbers, okay, so let's just take TransUnion, you

probably heard of that.

TransUnion has, let's say, three different models.

It might be A, B, and C, okay, so they have three different models, and under each one

of those models are subcategories.

So for example, they have a class A category, then under class A, there's an insurance credit

score.

There's a mortgage credit score.

There's a credit card insurance score, and I think there's a car insurance score.

There's multiples.

So when you add it all up, there's probably 30 to 40 different credit scores.

So which ones do you qualify with?

Well, here's a tool that I created this site years ago.

I'm going to point you to some free stuff, because I don't like spending money just like

you.

If you really want to know your true credit score, just go right here, okay, it's going

to send you the credit, it's sesame or credit karma.

It's free.

Don't sign up for any of the bells and whistles.

The free stuff's good enough.

Just sign up for it.

It'll send you alerts for offers on things, and it'll also tag you saying, hey, your credit

card just got used.

Was it you?

So sign up for the free system.

It's simple.

Now you've ever heard of, you know, they start talking about, and if you don't, let

me, let me know down below, they were talking about using different credit models over the

last year.

Let me see if you guys can hear me, okay, let me know if you guys can hear me, okay,

out there.

So they have two different systems.

One is what's called your FICO credit scores, okay?

That's really what us as lenders we use, okay, when you're getting a mortgage, you need

to know your FICO score.

Well, there's other systems out there that are called like Vantage credit scores.

That's like a credit model just to understand how credit works.

No lenders at this point are using that system that I know of.

Now, I think they passed it where you could use it, but it still hasn't been implemented.

So everybody uses your FICO credit scores.

So how do you get your FICO credit score?

Which one is the mortgage one?

We'll go right through here.

This is going to get you right through here.

And again, folks, it'll work.

Trust me.

My system, I have banking software in the background that holds me from doing this.

I should have probably checked it before.

So check it out.

You can even check it out for 30 days.

I'm not here to say these things.

I'm just letting you know these are how credit scores work.

So if you just want to get the free report and when you schedule a consultation with us,

if you're looking to really go to the next step, you only say, Dan, my credit carmer,

my free credit scores X kind of give you an idea where we go from there.

So that's the first piece of the puzzle I want you to look at.

What is your credit scores and what are you working off of?

And the reason being is if your credit scores are too bad, you're not going to qualify for

a loan.

So it doesn't matter what you make, how much money you have in the bank, anything else.

You have to know your credit scores.

Okay.

So that's step one.

Step number two, we're going to go over what's your budget?

Can you afford this?

Well, most of the people that apply for a loan, they don't really get that, okay, what

is my budget?

Because I think I can afford that amount.

But can I really?

So here's a budget app that I've used for years and this is probably the biggest thing

I gave my kids.

It's a free app.

Plug it in.

I think this description is down below.

What's your budget?

How much can you put aside?

What really fits in your realm?

Because even though you think it might work, look at your overall budget and you might

be able to say, okay, I can pinch there.

I can pay that off.

I didn't realize that one.

I can move with that.

So these two tools are going to give you a credit score.

Then also budgeting.

How do you?

What can you focus in on maybe paying off to get your credit scores up and you can focus

in on these through the systems?

So now you know your credit scores and your budgeting.

Now you're okay.

My credit score is great, Dan.

My budget.

I'm perfect.

So now what?

What program do I fit in?

I'm going to worry about rate yet.

What programs do I fit in?

Do I need 20% down?

Well, let's get over to that piece of the puzzle.

Here's the program.

This is in the calculators down below.

It's basically how much you can afford when you're buying a house.

Okay.

So here's simply how it works.

I created this actually for, we just hired in, we actually just double our staff.

The response you guys are giving us right now is fantastic.

So we've increased our staff by like two or threefold.

So here's what I created to help them understand all the programs that we have.

So what I did is just so you guys know who I am.

I'm actually a mortgage lender advisor.

I always call myself.

I've been doing this for 35 years.

I love doing this.

I love educating you guys.

So then you can say, okay, I love what you have to say and then give us a shot.

See if we can help you with the mortgage.

We hired these everybody in and they're like, you know, they don't know a lot of the programs.

And so I put together this, this system that has every program that we have to offer.

And who I am is I work at a bank that I'm licensed in all 50 states as well as Puerto Rico.

But the cool thing is we're set up with almost 40 other lenders.

So we can offer you their loan programs, their rates.

And the reason why is some loans, some banks, some credit unions have very unique programs.

So I created this system.

Here's what it does.

And this is where I want you to really now focus in on, okay, I know my credit scores

are good enough so that I know I can also budget myself.

So now let's start narrowing it down.

What's program do I fit into?

And then we're going to next go over to what's my total payment?

You might be shocked what your total payment comes to because a lot of people think, okay,

here's my payment.

My loan payment is, you know, $2,500.

You realize now you have taxes, real estate taxes, you have to pay on top of that.

All owners insurance, we'll go to that in a little bit.

And if you didn't put 20% down, you need what's called PMI, mortgage insurance.

So this is what this tool do.

So let me just kind of do a brief explanation of this.

So when you call in, hopefully you've already run all these tools and said, Dan, I'm dead

on with, you know, I want to go with an FHA loan.

My credit score is this, this is why I'm going to go that route.

It's easy.

But we might also sit there and say, wait a second.

There may be other reasons we go with different programs, but let me just show you how this

works.

And again, email me or send me a text down below or a comment down below.

I'll try to put a promo code down here so you get all these for free.

I'll see if I can kind of back load the system somehow.

But here's what I want you to do.

Go in here and put in what your income is.

Let's say this person is making $75,000 a year.

Well, let's say they're in California, so you've got to make a hundred grand out there

just to buy a house.

If you're here from California, chime in down below.

I'd love to hear from you.

So make a hundred grand.

Other debts.

So I got a car payment, it's 600.

I got two credit cards and I'm about a hundred bucks a piece.

And then I got a student loans, about a thousand bucks a month.

So I got a thousand dollars in other debt, not your cable bills and things like that.

Things that would be on your credit report.

And again, go back to one of those free systems.

It's going to show you all this stuff that's on your credit or make sure you check out

those credit reports again.

I realize 80% of people's credit data has something wrong.

You might, I remember I bought my first house out of a Sears build that said I was delinquent.

I've never been delinquent ever in my life on anything.

Then I'm going to buy a house and they're like, oh, you're $10 short.

It was a subscription fee I had from years ago and I'm like, I don't know, whatever.

So I paid it off.

So make sure your credit's accurate.

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Working across teams is tough, but Asana helps you handle it.

Asana AI can spot roadblocks and assign work to keep everything on track.

That's how work gets handled.

Visit us at Asana.com.

Work moves fast.

Every email, report, and proposal counts.

That's where Grammarly comes in.

It's your one place to think, write, and finish.

Grammarly's AI agents help you find natural phrasing, fine-tuned tone, and confidently

write wherever you work.

It's the premier writing tool that 93% of users trust to get more work done.

In a world of generic AI, don't sound like everyone else.

With Grammarly, you never will.

Download Grammarly for free at Grammarly.com.