First-Home Roadmap: Ashley Answers Kennedy’s Buyer Questions

Ashley sits down with her niece, third-grade teacher Kennedy Stone, for a straight-talk, first-time homebuyer Q&A. From where to start and which pros to trust, to rates, escrows, credit, and the sneaky mistakes that can tank a loan, this episode lays out a practical game plan for turning rent into a mortgage—without surprises.

Highlights:

Why your first step is a free consult with a great loan officer—and how to pick one (reviews, product knowledge, communication).
The many loan products (FHA, VA/USDA, conventional) and down-payment assistance options for low/no-money-down buyers.
Current market snapshot: realistic starter-home prices and what rates mean for monthly payment.
What an escrow account covers (taxes, homeowner’s insurance, mortgage insurance) and how it affects your total payment.
True monthly cost of ownership beyond P&I: utilities, maintenance, yard care, repairs (hello, water heater).
Credit score targets (700+ ideal; 750+ excellent) and practical ways to build/repair credit.
Why first-time buyers should use a Realtor (negotiation, paperwork, pitfalls) and how commissions are handled.
Fixed vs. adjustable mortgages—why fixed usually wins for new buyers.
When and why to refinance, and choosing 30-year vs. 15/20-year terms (flexibility vs. interest).
The golden rule during underwriting: don’t finance cars/furniture or open new credit—and always ask questions if you’re unsure.