The Mortgage Brothers Show

00:00 Welcome everyone, Mortgage Interest Rate Update for today In this presentation we’ll update you home loan interest rates today. Whether you are looking to refinance your mortgage or purchase a home, we recommend that you go with a Mortgage Broker. You’ll get a lower rate, have lower costs, and receive better customer service. Thanks for listening and reading the Mortgage Brothers Show. If you would like to contact us; 📞 Call us at 480-565-7843 💥 Email us at...

Conforming Loan limits just went up! Today we’ve got an important announcement. So, we just want to get right to it. Conforming loan limits just went up! They’re now at… drumroll… $625,000 And this is from the previous (i.e., this year’s) $548,250. Normally, this increase goes into effect January 1st, but we have access to this new loan amount right now. This is a big increase. Between 2021 we saw ~7% increase in the loan limit, and this year we’re seeing ~13%, which is just...

We’re talking about what it means to hold title on a property and some different ways you might hold it. If you want to dig really deep into this, we suggest checking with legal counsel. We’re simply mortgage experts trying to answer some questions. It’s not an exhaustive list, but let’s dig into some common questions and scenarios. What does it mean to hold title? Holding title means you own the property. Being on the loan doesn’t mean you hold the title or that you actually own the...

How Does My Car Loan Payment Affect My Mortgage? · Car payment of $250/month: It will reduce your purchasing power $50,000 · Car payment of $400/month: It will reduce your purchasing power $90,000 · Car payment of $600/month: It will reduce your purchasing power $141,000 · Car payment of $1000/month: It will reduce your purchasing power $235,000

PMI Calculation example based on these 7 factors: · 5% down · 200K loan amount · 1 borrower · 760 credit score · Single family residence · Primary · Debt to Income Ratio