In this episode of The Home Show, We discuss how the Tax Code and Real Estate can make you wealthy with Camari Ellis, a seasoned tax professional with over 30 years of experience. Mr. Ellis provides insights into the tax benefits of homeownership and shares practical advice on tax planning and financial education. The conversation revolves around whether buying a home to save on taxes is wise and how the tax code can help build generational wealth. We also explore how homeownership can provide stability and create lasting family memories. Lastly, we discuss the need for a collective approach to buying property and creating a solid money team for financial success.

00:00 Introduction and Welcome

00:00 Introducing the Guest: A Tax Professional

00:32 The Importance of Financial Education

01:47 The Power of Real Estate in Tax Planning

01:51 Understanding Tax Credits and Home Ownership

02:04 The Strategy of House Hacking

04:41 The Tax Benefits of Running a Business from Home

07:23 The Emotional Value of Home Ownership

08:29 The Importance of Buying a Home You Can Afford

09:31 Tax Benefits of Selling Your Home

09:59 The Reality of Real Estate Investments

10:03 The Importance of Location in Real Estate

10:03 The Power of Homeownership

10:54 The Risks of Overspending on a Home

11:36 Building Your Money Team

12:15 The Power of Insurance

13:05 The Impact of Student Loans on Homeownership

13:21 The Capital Gains from Home Appreciation

17:34 The Power of Multi-Generational Living

19:49 The Importance of Community in Homeownership

20:20 Closing Thoughts on Homeownership

Guest Information: 

Camari Ellis, EA

Website

Appointment

YouTube

NMLS: 180100 | 115140

#creditscore #creditrepair #firsttimehomebuyer

Hey there, it's Robert! In this video, I'll talk about FICO scores, including FICO Score 9, FICO Score 8, and Vantage Score 3.0. I'll show you how these models can give you different credit scores, especially when it comes to home loans. We'll dive into credit models like FICO Classic V5, FICO Classic V4, and FICO V2.

I'll stress the importance of keeping your revolving credit balances low and paying them off regularly. We'll also explore revolving lines of credit and using free tools to keep an eye on your credit. Plus, I'll explain how the statute of limitations on debt varies from state to state.

Remember, handling your credit wisely is crucial because it affects everything we do as Adults.

00:00 Intro

01:28 Understanding Credit Scores

04:44 The solution isn't more Debt

12:37 Free Credit Plan Review

17:12 How Long to Re-establish a credit history | FHA Loan

Data Sources:

- https://www.creditinfocenter.com/risk-factor-reason-codes-what-they-mean-on-your-credit-report/

- https://www.investopedia.com/fico-credit-scores-explained-5072985

- https://www.consumerfinance.gov/consumer-tools/credit-reports-and-scores/consumer-reporting-companies/companies-list/?page=1

- https://www.incharge.org/understanding-debt/credit-card/what-is-statute-of-limitations-all-50-states/

#creditscore #creditrepair #firsttimehomebuyer

NMLS 180100 | 1151140

Understanding the Importance of Estate Planning and Life Insurance: A Conversation with Marcus Castille

In this unique episode of the Home Show, the host dives into a critical aspect of homeownership - estate planning and life insurance, with special guest Marcus Castille. Mr. Castille shares insights from his professional perspective as a former educator turned full-time life insurance and investment advisor. The duo underscores the need for homeowners to protect their assets for themselves and future generations. Mr. Castille explains the insurance and investment options appropriate for different age and health scenarios. They also discuss common misconceptions surrounding life insurance and how to select the correct policy. The episode aims to educate listeners on communication, planning, and making informed life insurance and estate planning decisions.

Connect with Host:

• Schedule a Home Loan Consultation with Robert Today!
• Subscribe to our YouTube channel
• Apply with Robert

Connect with Guest:

Consult with Mr. Castille. Get a free copy of " I'm Dead Now What."

• Schedule a Consultation with Marcus

00:00 Introduction to the Importance of Life Insurance

00:32 Guest Introduction: Marcus Castille

01:37 Understanding the Importance of Insurance for Generational Wealth

03:54 The Role of Estate Planning in Wealth Transfer

04:58 The Importance of Normalizing Conversations about Money and Death

05:11 Understanding Different Types of Insurance Policies

07:56 The Power of Investing and the Importance of Early Insurance

10:33 Addressing Misconceptions about Life Insurance

11:06 Steps to Take When Seeking Life Insurance

11:43 Conclusion and Contact Information

11:55 Introduction

11:55 Drawing from Scriptures

NNLS 180100 | 1151140

In this podcast episode, the host discusses the discriminatory practice of redlining and its long-term effects on homeownership and community development in the U.S. The episode explores how redlining has hindered access to resources and quality education, emphasizing the need for change in the housing industry. Solutions such as support programs for affected communities are discussed, and the host urges industry professionals and officials to facilitate homeownership opportunities. Listeners are encouraged to seek help in achieving homeownership and to share the episode, with a promise of future content simplifying residential home loan topics.

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(00:00:00) Redlining and its impact: Discussion of redlining, its historical context, and its impact on homeownership and communities in the United States.

(00:01:44) Redlining still exists: Acknowledgment of the continued existence of redlining and the need to address implicit bias in the housing industry.

(00:03:16) Devastating effects of redlining: Exploration of the long-lasting impact of redlining on communities, wealth building, and access to education and resources.

(00:04:51) Sanctions and effects of redlining: examples of recent sanctions related to redlining and the lingering effects of this discriminatory practice.

(00:08:15) Solutions to reverse redlining: Discussion of programs, such as the purchase-plus program, aimed at reversing the negative effects of redlining and promoting homeownership in underserved areas.

(00:11:10) Call to action and raising awareness: encouragement for industry professionals and individuals to raise awareness about housing programs and debunk myths about homeownership requirements.

(00:12:28) Conclusion and call for assistance: closing remarks inviting individuals to reach out for assistance in achieving homeownership and the importance of sharing informative episodes.

Data Sources:

• https://www.law.com/dailybusinessreview/2023/10/20/us-attorney-general-ameris-bank-reach-redlining-settlement/?slreturn=20240021162323
• https://finance.yahoo.com/news/patriot-bank-pay-1-9m-111815654.html

NMLS 180100 / 1151140

redlining, homeownership, communities, United States, discrimination, racial, ethnic, wealth building, access to education, resources, housing industry, underserved communities, programs, industry professionals, city officials, homeownership goals, residential home loans

I Explain the distinctions between home equity loans (HELOANS) and HELOCs in this podcast episode. A home equity loan provides a lump sum with a fixed interest rate, while a HELOC offers flexible withdrawals with an adjustable rate tied to the prime rate. The host discusses both features, including interest calculations and repayment terms. HELOCs suit those needing flexible cash access, whereas home equity loans are for those desiring stable payments and immediate funds. I stress the importance of professional advice when choosing between the two, considering personal financial situations and current mortgage rates.

00:00:00 Difference between a HELOC and a HELOAN: An Explanation of the differences and definitions of a home equity loan and a home equity line of credit.

00:01:28 Features of a HELOC and a HE loan Details about the features of a home equity line of credit and a home equity loan, including interest rates, payment structures, and prepayment penalties.

00:05:35 Considerations for choosing a HELOC or a HE loan Factors to consider when deciding between a home equity line of credit and a home equity loan include cash flow, access to cash, and stability of payments.

00:08:12 Benefits and mindset behind home equities Explanation of the mindset behind utilizing home equities, considering current mortgage rates and the potential benefits of accessing home equity.

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Data Sources:

• Consumer Financial Protection Bureau (CFPB)
• Wall Street Journal

NMLS 180100 / 1151140

home equity loan, home equity line of credit, HE loan, HELOC, differences, features, benefits, considerations, second mortgage, fixed interest rate, adjustable rate, index, margin, prime rate, interest-only loans, prepayment penalties, cash flow, periodic access, flexibility, fluctuating interest rates, stable payments, mortgage rates, professional advice, potential borrowers

Hey guys, Robert Here. How homes are sold will never be the same after the 1.8 billion dollar Verdict was handed down in a Missouri court on Tuesday. We anticipate a lengthy appeals process before the matter is fully settled, but the writing is on the wall for how sellers and buyers pay for representation in the future.

📅 Schedule a consultation - //https://linktr.ee/Lend2usa

Hey Guys, Robert here. Investors are buying affordable homes at high rates, making it harder for the average American to get onto the property later. In this episode, you will learn how to compete and win so that you can achieve your goal of homeownership.

Schedule a home loan consultation

📅 https://Linktr.ee/Lend2usa

#firsttimehomebuyer #real estate #mortgage #home #housing #housingmarket #inflation

Welcome back to the show. I will explain how future homebuyers can lower their interest rate in this episode. If you have any questions or need additional help?

Schedule a no-cost consultation. My Team and I would love to help you reach your homeownership goal.

📅 Schedule a Home Loan Consultation: // https://linktr.ee/Lend2usa

Robert Elliott Lewis is a Federal Mortgage Loan Originator (NMLS 180100) licensed in all 50 states with American Mortgage Bank (NMLS 1151140), a Registered service market of First State Bank of Elmore City, and an Equal Housing Lender. Separately, Robert owns Lend2usa, an education company. Lend2usa is not a lender, does not issue loan qualifications, and does not extend credit of any kind. This video is only for educational usage. All calculations should be verified independently. This video is not an offer to lend and should not be used directly to make decisions on home offers, purchasing decisions, or loan selections. Not guaranteed to provide accurate results, imply lending terms, qualification amounts, or real estate advice. Seek counsel from a licensed real estate agent, loan originator, financial planner, accountant, and/or attorney for real estate, legal, and/or financial advice. First State Bank of Elmore City is not affiliated with the VA, FHA, or any other government agency. This video has not been approved by any government

#housingmarket #loans #firsttimehomebuyer #homeownership #inflation #mortgagerates #homeloan #mortgage #house #home #housing #realestate #rent #interestrates