An Introduction to Mortgage Locks

 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 […]

When Is My First Mortgage Payment Due?

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 […]

Why FHA Loans Are Still a Great Option

Remember that you can refinance out of your FHA loan as you gain equity.   Let’s talk a bit about FHA loans today. A viewer of ours is looking to refinance their FHA loan to a conventional loan. Home values went up so much that they have enough equity to remove their private mortgage insurance. […]

Do You Pay Closing Costs When Refinancing?

Here’s what you should know about closing costs when refinancing a loan. Recently, a regular listener/watcher of ours, Michael Duree, asked if you pay closing fees each time you refinance your home, and today we’re answering that question in full. The answer is yes, there are closing costs every time you get a loan, so […]

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