Subscribe
Share
Share
Embed
People don't call us because they need a mortgage. They call us because they need help making a housing decision.
Mortgage Matters is a Las Vegas, Nevada-based radio show and podcast hosted by mortgage advisors Roland Daniels (NMLS 355859) and Heidi Griffith (NMLS 2247754) with Geneva Financial. Airing every Sunday at 7:30 AM on KUNV 91.5 and available wherever you listen to podcasts, the show explores the real-life decisions, opportunities, challenges, and financial realities that shape where and how we live.
Every week, Roland and Heidi tackle the housing conversations people are already having around kitchen tables, at family gatherings, and on social media. Should I buy or wait? Is my first home supposed to be my dream home? Should I move up, downsize, invest, or stay put? How do I build wealth through real estate? What's the smartest use of my money? Through honest conversations and practical guidance, they help listeners make sense of the choices involved in renting, buying, selling, investing, and planning for the future.
Drawing on decades of mortgage and housing experience, Roland and Heidi break down real mortgage questions, homeownership strategies, down payment assistance programs, FHA loans, VA loans, conventional financing, housing affordability, wealth-building opportunities, and the financial realities that influence housing decisions.
Mortgage Matters also shines a spotlight on the people and organizations working to strengthen communities across Las Vegas and Nevada. Through conversations with housing advocates, nonprofit leaders, educators, elected officials, and local changemakers, the show explores the issues that affect housing, opportunity, economic mobility, fair housing, and homeownership throughout Southern Nevada.
Roland and Heidi are active community educators who lead free homebuyer workshops across Nevada in partnership with organizations including the Nevada Housing Division, Chicanos Por La Causa (CPLC), and Nevada Rural Housing Authority. Roland serves as a director with the local chapter of the National Association of Real Estate Brokers (NAREB), and Heidi serves as President of the Silver State Fair Housing Council, where Roland is also a board member. Together, they bring mortgage expertise, housing advocacy, community involvement, and a passion for helping people make informed housing decisions to every episode.
Announcer 0:00
This is a K-Unb Studios original program.
Wesley Knight 0:04
The content of this program does not reflect the views or opinions of 91.5 Jazz and More, the University of Nevada Las Vegas, or the Board of Regents of the Nevada System of Higher Education,
Music 0:22
the
Roland Daniels 0:43
Good morning, Las Vegas. Welcome to Mortgage Matters. I'm Roland Daniels, a certified mortgage advisor with Geneva Financial. My NMLS number is 355859 Our company NMLS number is 42056 and I'm here this morning, as always, with my fantastic co-host Heidi Griffith. Good morning, Heidi.
Heidi Griffith 1:07
Good morning.
Roland Daniels 1:08
Good morning.
Heidi Griffith 1:09
Happy Sunday.
Roland Daniels 1:10
Happy Sunday.
Heidi Griffith 1:11
Good morning, everyone. I'm Heidi Griffith. I'm also a mortgage advisor and your Director of Client Services. My MLS number is 224 7754 754 so you ready for an interesting statistic?
Roland Daniels 1:26
Let's do it.
Heidi Griffith 1:28
Did you know? Well, you did, but do you all know the average first time home buyer is 40 years old?
Roland Daniels 1:35
40, can you imagine that?
Heidi Griffith 1:37
Yeah, 40 years old. And honestly, I think that changes kind of the emotional pressure that people have when they're buying a home.
Roland Daniels 1:45
It does,
Heidi Griffith 1:46
because 40 doesn't feel like the number it should be, does it?
Roland Daniels 1:49
It does not. So, just back in 19, around the 1980s
Heidi Griffith 1:54
the
Roland Daniels 1:54
average age was 20.
Heidi Griffith 1:58
Yeah, yeah, I mean, well, that's what I went when I visualize a first-time homebuyer, they're in their, you know, they're in their mid to late 20s,
Roland Daniels 2:04
right?
Heidi Griffith 2:05
That we know that that's what previous generations look like. What about how did we see that progression? Because I knew you, I know you pulled up some stats.
Roland Daniels 2:13
Yeah, I pulled some stats like him, and then we move on to say 2010
Heidi Griffith 2:17
the
Roland Daniels 2:18
average age was 30.
Heidi Griffith 2:19
Okay, so it's creeping up.
Roland Daniels 2:21
Yes, 10 years later, now we're going into the 30s, and that's where we are today. When you just gave us the 40 years old is the average first time home buyer,
Heidi Griffith 2:32
right? So, like back in 2020 it was still in the 30s.
Roland Daniels 2:35
Yep,
Heidi Griffith 2:36
and it just crept up. And so, what do you attribute that to?
Roland Daniels 2:39
I think it's the market itself. Things have changed dramatically,
Heidi Griffith 2:44
prices,
Roland Daniels 2:44
home prices, interest rates of where they are today.
Heidi Griffith 2:49
Well, with the home prices, for sure.
Roland Daniels 2:51
And I don't think our wages actually have, how should I say,
Heidi Griffith 2:56
kept
Heidi Griffith 2:57
up,
Roland Daniels 2:57
kept up blatant, kept up. We are far behind when it comes to our wages compared to home prices,
Heidi Griffith 3:05
right? Right. So, as, as those things happen, home buyers, for their, you know, first home, they're older, 40 years old, 40 years old, because, you know, when we talk about the emotional pressure that could happen versus buying your house in your early 20s, or you know, your mid 20s, you're just getting started on life. It kind of changes things, doesn't it?
Roland Daniels 3:26
It does. It's a lot of pressure, because now the house doesn't just feel like I'm buying a house. Sometimes it feels like, you know, I waited this long, this better say something about my life,
Heidi Griffith 3:40
yeah, right. It kind of, I guess, that status symbol, right. So, you've worked hard your whole life, now you're, you're coming up to 40, you know? I'm closer to 40 than I am 20-five, though. I'm not 40.
Roland Daniels 3:54
I wish we were
Heidi Griffith 3:55
40. Yeah, 40 is pretty great. So, if you're sitting on 40 and you're like, man, trust me, love 40, but yeah, I can see how it can feel emotionally different, right?
Roland Daniels 4:07
I think so,
Heidi Griffith 4:08
because when somebody buys at 24 sometimes they're thinking, and I remember I bought in my.. I bought in my 20s, I was 20, I believe I was 20, I was 25 when I bought my first house,
Roland Daniels 4:20
right? And things are different, right?
Heidi Griffith 4:21
Yeah, and but.. and I knew, because when you know, when you're 25 the world is ahead of you, you have nothing but time, and I knew that that house was my first house. I wasn't concerned with how big it was, I wasn't concerned how big my yard was, you know, at that time, not even.. you know, I wasn't thinking about school districts or traffic commutes, I was buying my first
Roland Daniels 4:43
hat, and started a family, and those thoughts never crossed your mind,
Heidi Griffith 4:46
right? Right. And I knew that I wanted to, I mean, you were actually the person who guided me. You said, 'Hey, why are you, you know, why are you looking for a rental? Why don't you go out and buy?
Roland Daniels 4:54
Yep,
Heidi Griffith 4:55
and.. and I did, but I know it would look different if it was my first towel. Yes, in my 40s,
Roland Daniels 5:01
I agree with you, because in your way of thinking, in your 20s, like you said, you're not worried about all those types of things, and what people think of the
Heidi Griffith 5:10
perception,
Roland Daniels 5:11
right,
Heidi Griffith 5:11
the perception, you're just, you know, you're buying a house,
Roland Daniels 5:13
yeah,
Heidi Griffith 5:14
you're buying a house, and it's your first house, and you know that, you feel that, but when somebody buys their first house in their 40s or the 50s, I feel like the house they buy, you know, when they think about it, they want it to feel like the house where they should be in life, you know, it's that whole perception in our heads, I'm buying my first house at 40, that's that's not failure, that's the average, this is just reality, the majority of people that we work with are, you know, late 30s to 70s? I mean, we, we closed homes for folks that were in their late 70s, so, and it was her first home,
Roland Daniels 5:51
that is right.
Heidi Griffith 5:52
So, it's never too late to start. I know sometimes it feels like it, but I think we talk about like that perception and what it pencils out to be, and what we're actually seeing with people that we talk to,
Roland Daniels 6:05
right? That image, right. Yep,
Heidi Griffith 6:07
you know, I know that the younger people that we talk to are thinking this gets me started.
Roland Daniels 6:15
Goes a different mindset, a different mentality when you're in your 20s compared to you're in your 40s, and then your 40s usually you've already started a family, you've already moved maybe a few jobs. It's not like when you're starting out,
Heidi Griffith 6:31
right? Right, but, but you are starting out with your home ownership journey.
Roland Daniels 6:34
Yes,
Heidi Griffith 6:35
and you're right, the mindset is different when you're 40 or 50, right? I think that a lot of the people that we talk to, their feelings are this house needs to prove something, I made it, or whatever that looks like.
Roland Daniels 6:48
I agree, and honestly, I really do think that social media has made things a little bit worse,
Heidi Griffith 6:55
right?
Roland Daniels 6:56
Because now people aren't just shopping against their budget, they're shopping against everybody in their highlight reels, and what they see that imagery,
Heidi Griffith 7:06
it's crazy. It is crazy. Marketers have gotten really good.
Roland Daniels 7:12
They are
Heidi Griffith 7:13
at, you know, kind of shifting where we view things.
Roland Daniels 7:16
Yes,
Heidi Griffith 7:16
so it doesn't matter how you get your content, especially when we talk about houses and perception of houses, you know, this is a big one. Every time I go to get my nails done, they always have some HGTV show on, right? HTV show, and they're cool. I mean, I sit and watch them for the hour, hour and 15 minutes, and I'm in the salon because they're interesting, and they, you know, they kind of give me a little shot of dopamine, because I see cute stuff and nice houses and gorgeous, you know, areas of the country, but facts go like this: HGTV by no means is always reality, you know, we're envisioning our first home to have these, you know, huge kitchens with, you know, those super long cool islands in the kitchen, like 40 people could stand around them, you could clink glasses. It's like it's a party in your kitchen, right? But facts are, do you really need an island sporty? It's pretty, and as I do every week, I'm gonna say I'm not telling you you shouldn't have that super island, but if that's what you're basing your home purchase on, that you need this island, maybe you need to kind of step back and figure out what your needs are versus just your wants, right?
Roland Daniels 8:36
Right. And what about those those perfect backyards you see on TikTok and Instagram,
Heidi Griffith 8:41
they're bomb, right? They're awesome. I mean, yeah, I want.. I want the, you know, the green half acre,
Roland Daniels 8:47
and they're always in those exclusive neighborhoods, right?
Heidi Griffith 8:50
And you know what? Even more than that, when we talk to people, that's this is the kind of stuff that people are actually looking for. We run the numbers, and you know, I'll just. I'll just come up with a fake pre-approval number, you know, they're pre-approved for 420 but they have really strict stipulations on where they want to live, what that house needs to include, what it needs to have, and again, again, wants and needs two very separate things, so do you have to have, you know, a basketball court and a putting green?
Roland Daniels 9:27
Right.
Heidi Griffith 9:28
Well, maybe if you're, you're, you know, your son is, or your daughter is, is practicing for the PGA, you do, but in, in this world, your first home doesn't need to have that.
Roland Daniels 9:40
I agree, and that $420,000 home definitely may not have those types of wants,
Heidi Griffith 9:49
right? Right, and that's okay, as long as we kind of focus on what the end game goal is,
Roland Daniels 9:56
right? Right.
Heidi Griffith 9:56
And honestly, I think people are starting to feel like if. Their first home doesn't look impressive enough. They've somehow failed,
Roland Daniels 10:05
and everybody thinks that their first home should look like someone else's third home.
Heidi Griffith 10:10
Well, that's what we're seeing, and
Roland Daniels 10:12
we are,
Heidi Griffith 10:13
as we talked about, you know, what we were going to talk about this week, paying attention. I'm really seeing that. I'm seeing that the folks that are closer to us in age that are buying their first homes, kudos to you. You know you're going to start to create something for your future generations, but it makes it really hard when you're you're standing still because it doesn't have that putting green, or because you have to live in an exclusive neighborhood,
Roland Daniels 10:46
right?
Heidi Griffith 10:47
You know, we know the areas of the valley, you know, you're not going to move into your first home that you're pre-approved for 420 with in the Ridges or Red Rock, or you know, that's just not going to happen, unfortunately. Does that mean that you should just stop, because that's what you want?
Roland Daniels 11:07
People are actually walking away from solid houses because the countertops aren't like the ones they saw on what is it called, my lottery dream home.
Heidi Griffith 11:18
That's it, that's it, that's it. So, my lottery dream home is that it's HGG, that's one of the shows I watch. It's an HGTV show, you know? Somebody goes out, they buy a lottery ticket, they get a windfall of cash, they go and buy a house, and this guy takes you around to certain houses, and I mean, they're stunning, they're amazing. Some of these people win millions of dollars, and that's great, because now you've got the money, hopefully you've got a money management system in place once you hit that, that lottery, but that's not always going to be your first house.
Roland Daniels 11:48
No, and they want it all for about $1,700 a month, right? It's just not feasible. I wish we could,
Heidi Griffith 11:57
right? Yeah, there's there's very little. Last week we actually talked about a gal that we, she was very price sensitive, because she knew what she needed her payment to be, right? She was able to get into a three-bedroom condo, and her payment before the HOA was in the 1600s the high 1600s
Roland Daniels 12:14
Right
Heidi Griffith 12:14
after the HOA, it was over 1900 a month, still very affordable in today's world,
Roland Daniels 12:21
yeah, this is today's market, not yesterday's market,
Heidi Griffith 12:24
so you know all of those things are great points, but something interesting is that I'm seeing most of the younger folks that we work with, they're actually adapting better to the changes emotionally,
Roland Daniels 12:39
emotionally, and and I think they're really thinking about home ownership and what that looks like to them and their families.
Heidi Griffith 12:45
Well, and they're thinking, just, you know, I don't know if I sat with this when I bought my house, but I know that they're okay with it, maybe being a little smaller than what they, the ideal home for them would be, or maybe they're looking at different paths, maybe they're looking at buying with family members, buying with friends, buying with mom and dad,
Roland Daniels 13:10
but they all, they are also buying with the 20 year old mindset, right? Comparing, of course, 40 years,
Heidi Griffith 13:16
of course, and I'm not trying to separate people by their age groups, but, but we're, I mean, we're seeing it firsthand.
Roland Daniels 13:22
We are
Heidi Griffith 13:23
seeing
Heidi Griffith 13:23
it firsthand
Roland Daniels 13:23
every day.
Heidi Griffith 13:24
We're seeing siblings buy together now to get started for the younger folks. And honestly, you know, years ago people would have scoffed at it. They would have been like, oh, why would you just wait to buy your own home
Roland Daniels 13:37
sister?
Heidi Griffith 13:38
And so I know that that would have been the case when I was buying my first house, I wouldn't have wanted to purchase with anyone,
Roland Daniels 13:45
right,
Heidi Griffith 13:45
but prices looked really different
Roland Daniels 13:48
than today's
Heidi Griffith 13:49
really different in 1995 So I think people today are kind of figuring out that times have changed, things look a little bit different, and I think that's what I'm personally trying to stress, right, is that things are different. The stuff that we envisioned our life to look like, or our first home to look like, we've got to give it a little grace. We've got, we've got to slow down and understand this doesn't have to be our final home.
Roland Daniels 14:18
It doesn't.
Heidi Griffith 14:19
People are starting to adapt to completely different versions of home ownership than previous generations did. I remember when I was purchasing my first home, my grandfather, he was very proud, he was going to help me buy my first home, he actually did help me financially purchase my first home, and he wanted to go see the house after I'd seen it the first time, and meet with the seller, because in his generation a handshake is what it took to purchase a home.
Roland Daniels 14:49
What about in today's world?
Heidi Griffith 14:50
Even in my, you know, in 1995 it was a little different. The homeowner did meet with him. Fortunately, he liked him well enough, and. Agreed to sell me his house, but yeah, no, it's not that world that we live in.
Roland Daniels 15:05
Times are definitely different,
Heidi Griffith 15:07
are different.
Roland Daniels 15:08
Yes, so if you have any thoughts or questions about anything that we've talked about today, or maybe you're trying to figure out your options, feel free to reach out. You can give us a call or text us, the number is 702540420 Once again, it's 702540420 You can also find the replay of today's show anywhere that you listen on your podcast. Just search Mortgage Matters Radio.
Heidi Griffith 15:38
Yep, and you can search that on Facebook also, Spotify, Apple, all the good stuff.
Roland Daniels 15:43
Okay,
Heidi Griffith 15:44
all the good stuff. So, let's talk about a client that kind of fits that younger mindset.
Roland Daniels 15:52
Great story.
Heidi Griffith 15:52
Let's talk about Joanna.
Roland Daniels 15:54
Let's do it. She's
Heidi Griffith 15:54
awesome. She really is. She reached out to you, and you worked with her for quite some time,
Roland Daniels 16:02
actually, for a few months.
Heidi Griffith 16:03
She was still in school,
Roland Daniels 16:04
she was,
Heidi Griffith 16:04
she was getting ready to graduate. She had a job in the medical field, she was in the medical field, or she still is in the medical field. But at that time, she wasn't making a whole heck of a lot, and you talked with her about different options,
Roland Daniels 16:18
right? Because at that time she was attending school full time and trying to work full time, but mostly those part time,
Heidi Griffith 16:26
right? Right, she wasn't, she wasn't making a lot of money,
Roland Daniels 16:29
right.
Heidi Griffith 16:29
And after talking with her, after you know, trying to get her pre-approved, you realize that there's nothing that you can qualify for that's out there,
Roland Daniels 16:39
right, at that price point, you
Heidi Griffith 16:41
qualify, they're just not for anything in the valley.
Roland Daniels 16:45
Yes,
Heidi Griffith 16:45
and I think that you started talking to her about maybe looking at alternative methods,
Roland Daniels 16:51
right? Whether in suggestions were brought up, do you have anybody that you want to purchase with? Maybe they can be a co-borrower. Do you have a co-signer? So we look at all of the different avenues when it comes to purchasing a home,
Heidi Griffith 17:03
and she really wanted to purchase house,
Roland Daniels 17:05
she did,
Heidi Griffith 17:05
she didn't, she was looking at all of those,
Roland Daniels 17:08
she looked at all of the options,
Heidi Griffith 17:11
and then December 120 25 came around, and Nevada Housing Division released the Worker Advantage Program,
Roland Daniels 17:17
and she graduated from the program that she was in, and now she has a full-time paying job that pays even more money
Heidi Griffith 17:25
at UMC.
Roland Daniels 17:26
Yes,
Heidi Griffith 17:27
so she's in medical, she's now working full time in her, her profession that that she just got out of school for, and she still knew, because now, after speaking with you, speaking with me, after just spending time in that space, she realized in order for me to get something large enough, and we're not talking, she wasn't looking for a McMansion, but something large enough, she has a child,
Roland Daniels 17:52
she does
Heidi Griffith 17:52
that she needed more money, and that's the case in a lot of, a lot of instances, we all need more money, right, to get what we want, we need more money.
Roland Daniels 18:02
Today's real estate world,
Heidi Griffith 18:03
and she is from a family that, from a very young age, her mom and dad taught her a lot about money and a lot about the value of assets,
Roland Daniels 18:13
right.
Heidi Griffith 18:14
And I remember a conversation that I had with her, and she said when her folks were buying a house here in town, that she actually, they actually included her and her brother in the process, so they understood,
Roland Daniels 18:26
so they got to see in person what was going on, and then they knew the value
Heidi Griffith 18:32
ownership, 100% and so she knew that that was her goal, it was her starting goal, it wasn't her end game, but it was her starting goal, and so she had many conversations with her brother, and they determined that they were going to go ahead and purchase together. They thought out the game plan. This wasn't on a whim. This was a lot of questions. What happens when you know he wants to go purchase a home of his own, or we want to sell this, whatever that looks like. We walked through all of those different scenarios,
Roland Daniels 19:05
right? Because we had a conversation with both of them individually, and then we had the conversation with both of them together,
Heidi Griffith 19:10
right? Because he was, he needed to get all of the facts as well. Awesome guy, awesome guy. I mean, great, great family, and they were able to then purchase together, they closed on a super cute single level home. They used the worker advantage because, remember, she's in medical, she works at UMC, so they were able to use the worker vent. They did the 2% buy down,
Roland Daniels 19:36
yep, they did do the two,
Heidi Griffith 19:38
they got a great interest rate,
Roland Daniels 19:40
yep, and they got the $20,000 which is the worker's advantage,
Heidi Griffith 19:44
right? And so, so that actually bought down some of their interest rate, and then they were able to use the remainder towards their closing costs. The house was like it was right under 1700 square feet. We actually went to the housewarming party there, so super cute house, um. Newer single story, two car garage, huge yard had RV parking, and the great thing was the realtor actually found a property that had paid off solar, so there wasn't any leases on the solar, there wasn't any other payments on the solar, they got solar free and clear purchasing this $424,000 home,
Roland Daniels 20:21
and if I remember, it even appraised at a higher value.
Heidi Griffith 20:23
It did appraise higher, it appraised higher. They've got now less expensive energy cost, set themselves up for success. Right, the realtor was able to negotiate $6,500 in seller credits after they paid for their appraisal and their earnest money. Their earnest money was $4,000 on this property. Their appraisal was $630 and then their home inspection, that was probably, I don't know, five, 550 maybe their cash to close, what they came to the closing table with to close on this $424,000 house was $3,075 They cleared
Heidi Griffith 20:58
again
Heidi Griffith 20:58
$3,075 Great home, great location. It's their first home,
Roland Daniels 21:05
and since it appraised,
Heidi Griffith 21:07
they've got instant equity,
Roland Daniels 21:08
instant equity,
Heidi Griffith 21:10
and they know that at some point when the market allows, he's going to leave this property, he's going to purchase his own property, and she'll refinance the property that she's in. There are different paths to home ownership.
Roland Daniels 21:25
Yes,
Heidi Griffith 21:26
I mean, their story is really super inspiring to me. First of all, they're just amazing humans, such a nice people. And they're in their 20s, they're in their 20s. She and her brother prove that there's more than one path, and you know, if we stick with the conventional thinking about what home ownership looks like, what buying your first home looks like, and we won't settle for less, we might just get stuck.
Roland Daniels 21:52
That is true,
Heidi Griffith 21:52
all right? Because people are emotionally taking themselves out of starting,
Roland Daniels 21:56
they are,
Heidi Griffith 21:57
yeah, because people keep looking at what the media is telling them to look at,
Roland Daniels 22:02
yeah, looking at for that perfect home,
Heidi Griffith 22:04
no such thing,
Roland Daniels 22:04
right? What about the perfect kitchen?
Heidi Griffith 22:06
No such thing,
Roland Daniels 22:08
perfect lives.
Heidi Griffith 22:09
Oh, because the people that live in those homes do have perfect life, they don't.
Roland Daniels 22:13
And what about perfect timeline? The
Heidi Griffith 22:16
timeline is when you're ready. The timeline is when you are ready, and right now, based on statistics, you're ready at 40. Are you can you be ready sooner? You know, interesting fact, I'm seeing younger people, but I'm not, you know, I'm not talking 30s, I'm talking 20s. Younger people buy, just like Joanna's story.
Roland Daniels 22:37
Yes,
Heidi Griffith 22:38
and you know, when we're thinking about all of the stuff that the media portrays.
Roland Daniels 22:44
Am I too far behind?
Heidi Griffith 22:46
Yep,
Roland Daniels 22:46
I missed my chance. No, does that? You
Heidi Griffith 22:49
did not miss your chance.
Roland Daniels 22:51
My beginning doesn't look good enough.
Heidi Griffith 22:54
Oh yeah, we got go back to the I missed my chance, because I actually heard it not that long ago. I heard, well, I, the words I heard were, I'm too old, and I said, hogwash, you're not too old, you're not too old. We closed a transaction with the most beautiful woman,
Roland Daniels 23:11
we did
Heidi Griffith 23:12
taking care of her grandchildren, 78 years old, she bought her first home, would that be her forever home, she, she certainly believed so. Yes, and she got everything she wanted. It took a little bit more time.
Roland Daniels 23:26
It was a single story.
Heidi Griffith 23:28
She got a single story. She didn't want to be in an HOA, no HOA. She had to have a certain number of bedrooms. The property had the certain number of bedrooms. Here's the catch: it was in probate, and it was in probate for a long time, but she held steady,
Roland Daniels 23:42
and she was willing to wait it out,
Heidi Griffith 23:44
and she did, and she's now been a homeowner for a couple of years.
Roland Daniels 23:47
Amazing, and half the people posting those homes online are stressed out trying to figure out how they're going to pay for them.
Heidi Griffith 23:57
Dude, we talked about that last week. We talked about, we did what? Do you say
Roland Daniels 24:01
the Joneses are broke?
Heidi Griffith 24:03
Stop trying to keep up with the Joneses. We look at their, we look at their financials, they're broke in most instances. The Joneses are broke.
Roland Daniels 24:11
Yes,
Heidi Griffith 24:11
and this conversation is one of the biggest reasons we continue to hold our HUD certified path to home ownership workshop with CPLC every month.
Roland Daniels 24:19
Yes, we usually do it on the first Saturday of every month,
Heidi Griffith 24:21
yeah. And we do it not because we're trying to convince people that they should buy a house.
Roland Daniels 24:27
Yep, we're doing it because we are providing real information,
Heidi Griffith 24:31
and people need that.
Roland Daniels 24:32
They do.
Heidi Griffith 24:32
There's a lot of bad information
Roland Daniels 24:35
out there, a lot.
Heidi Griffith 24:35
You could, you could drive yourself bonkers trying to get the real deal scoop, and I think that what this class does is it shows the real stuff. It shows what the process of buying a home looks like, not just get pre-approved and go meet with a realtor, and this is what the, what the market looks like right now. There's, you know, less than 10,000 homes on the market. That's great information, but you. Could probably search it on Google,
Roland Daniels 25:01
right?
Heidi Griffith 25:02
You could probably search it on Google. What does the process really look like? How do you overcome the obstacles that you specifically face? Because every single human is different, we, we all have our own profiles, and that, that goes with purchasing a home. Everybody's financial profile is different,
Roland Daniels 25:20
and what are the two greatest obstacles?
Heidi Griffith 25:22
Well, you know it's credit and money every single time, hands down, but it's not the only obstacle, right? But we talk about credit, we talk about credit in depth, budgeting credit, how to increase your credit score, how to maintain your credit score, what to do if you've got some dings on your credit score, because life lives,
Roland Daniels 25:43
it does. Life happens,
Heidi Griffith 25:44
you know. Money, that's the big one. It's hard.
Roland Daniels 25:47
It's hard. A lot of misconceptions around what it costs to buy a house. No, you do not need to have, you know, 100 grand. You don't need to have 30 grand in most instances saved to purchase a home. Well, you just gave us one of the story about Joanna, and she came to the closing table with just over $3,000
Heidi Griffith 26:08
Yep,
Heidi Griffith 26:09
you know, at the end of the day, after she did her earnest money deposit and her appraisal and all the stuff that you've got to pay for when you purchase a home, it was under $8,000
Roland Daniels 26:18
right? It
Heidi Griffith 26:18
was under $8,000 and what I love about this class, along with all of that great information, is it's a safe place, right? right, where people in the room are actually rooting for you. You don't have to feel uncomfortable, weird. We're all there with the same goal in mind, to be informed. Wow, time goes fast, right? It
Roland Daniels 26:39
does. This is
Heidi Griffith 26:39
one of those conversations that I could just keep talking about, but before we go, as always, let's talk about fair housing
Roland Daniels 26:46
every single week.
Heidi Griffith 26:47
That's right, housing is stressful enough without people also having to deal with discrimination, accessibility issues, unequal, you know, treatment, right? And honestly, a lot of these people don't even realize that some of these, these protections apply to them, and that's the reason why I talk about the Silver State Fair Housing Council so often. I actually am the vice president of the board. You are a board member. Silver State Fair Housing Council works really hard to educate people about their rights. They help housing providers with education and understanding the fair housing laws, so that things don't get lost between the cracks, right? Right. And they help make sure that people know that there are resources available to them if something doesn't feel right. It's a law, and it's worth fighting for. If you'd like more information about fair housing rights, housing resources, and the work that Silver State Fair Housing Council is doing right here in Nevada, please feel free to reach out, and we'll help connect you. Our number is 702-540-0420 Again, our number is 702-540-0420 So, I think today's conversation really comes down to this. Roland, home ownership today doesn't look the same way as it looked 30 years ago.
Roland Daniels 28:02
I agree with you, man. Oh man, have changed,
Heidi Griffith 28:05
and that doesn't mean that people are failing.
Roland Daniels 28:07
There is nothing wrong with a starting point,
Heidi Griffith 28:10
nothing. That's the best way to get started, one foot in front of the other.
Roland Daniels 28:14
There's nothing wrong with adapting.
Heidi Griffith 28:16
Nope,
Roland Daniels 28:17
there's nothing wrong with building slowly.
Heidi Griffith 28:20
That's a good thing, actually,
Roland Daniels 28:22
and there's nothing wrong with ownership looking different than it looked for previous generations. What matters is moving forward in a way that creates stability, peace, and options for your future
Heidi Griffith 28:35
wealth and legacy.
Roland Daniels 28:36
Yes, it is. We'll be back next Sunday morning at 7:30am right here on KU and V 91.5 Until then, believe in what's possible, even if you've been told that it's out of reach, and remember, stay true to yourself and your mind.
Heidi Griffith 28:53
Bye.
Transcribed by https://otter.ai