Many reasons why it is never too early to start talking to a lender. When is the right time for people who are interested in buying to start talking to a lender? Many people worry about starting the conversation too soon, but I am here to tell you that it’s never too early to get […]
Explaining the fundamentals of mortgage locks and how they affect you. If you’re going to buy a home, should you lock in your mortgage? What is a mortgage lock, and how does it work? Today, I’ll be discussing these things and more. Feel free to watch the full message above or use these timestamps […]
I cover how you make mortgage payments and why some are skipped. Today I’ll go over this common question that every loan officer gets asked: “When is my first payment due?” If the borrower is refinancing their current loan, the version of the question may be: “Do I get to skip one or two […]
Recasting your mortgage is a great option now that rates are higher. “Should I refinance or recast my mortgage?” I receive this question all the time. Today I’m explaining the difference between refinancing and recasting, and which option is best for you. Let’s say you get a nice windfall, either from a relative passing or […]
Why doubling your first payment doesn’t make a huge difference. Today’s question comes from Jose, who asks if it’s a good idea to double the first monthly payment on a 30-year mortgage. He also asks if that strategy is supposed to knock two years off the mortgage. The simple answer is no. Making that […]
