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The Mortgage Brothers Podcast

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From Phoenix Arizona, Eddie and Tom Knoell answer the mortgage questions that buyers, sellers, and real estate agents have when it comes to the process of getting a home loan in Arizona. Eddie and Tom's family has living in Phoenix for 4 generations and they have a 30 years combined experience in the mortgage and real estate industry.

From Phoenix Arizona, Eddie and Tom Knoell answer the mortgage questions that buyers, sellers, and real estate agents have when it comes to the process of getting a home loan in Arizona. Eddie and Tom's family has living in Phoenix for 4 generations and they have a 30 years combined experience in the mortgage and real estate industry.
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Location:

United States

Description:

From Phoenix Arizona, Eddie and Tom Knoell answer the mortgage questions that buyers, sellers, and real estate agents have when it comes to the process of getting a home loan in Arizona. Eddie and Tom's family has living in Phoenix for 4 generations and they have a 30 years combined experience in the mortgage and real estate industry.

Language:

English

Contact:

6026773105


Episodes

How do Solar Panels affect the mortgage and closing process?

5/21/2019
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This week, we discuss a common question they we from borrowers "How do Solar Panels affect the mortgage and closing process?" We discuss what borrowers need to know about Solar Panels whether they are owned or leased, join us as we dive and discuss the pros and cons of solar panels from the lenders perspective. This is a great episode to share!

Duration:00:15:00

What should borrowers know about insurance?

5/14/2019
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- Why insurance is required by a lender? - How do we come up with the replacement cost? - How can coverage and deductibles impact loan qualification? - Why an “independent agent” is the better way to go over a “captive agent”? - When does a borrower pay the insurance company in the purchase/refinance transaction?

Duration:00:19:20

Down payments - Why And How You Need to Document

5/7/2019
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- Why is it important for the bank that you have a down payment? - Skin in the game - Why do they care where the money comes from if I have BIG down payment? - Does the amount of the down payment matter more than where it comes from? - Can a borrower use cold hard cash they have saved? - Can borrowed money be used? Say you borrow against equity in your home or a personal loan? – Technically yes BUT the loan needs to be secured by collateral, so it can be a car loan, boat loan, or house...

Duration:00:19:59

What To Consider When Buying a Condo?

4/30/2019
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In today's podcast, we discuss the following;

Duration:00:17:25

What are Prepaid Costs and Escrow Accounts?

4/23/2019
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Escrow Accounts for Prepaids: - We explain impound accounts and prepaids. Why are they helpful to the banks and borrowers? What is annoying about them? - 3 prepaid items; Taxes, Homeowners Insurance, and Interest - How many months of Taxes and Insurance do banks want prepaid? - How many days of Prepaid Interest? - Most banks charge 25 basis points to waive the escrow account, Waivers can be done with 20% equity - We have access to bank/s that do not charge for the escrow waiver - If...

Duration:00:16:54

What are points and how do they affect interest rates?

4/9/2019
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Tom and Eddie Knoell discuss a popular question they get from borrowers...How many Points do you charge?...What are points?...can I pay points to buy down my rate? This is a great show to share!

Duration:00:14:14

How Student Loans Affect Qualifying For A Mortgage?

4/2/2019
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How do student loans affect qualifying for a mortgage? 70% of college students graduate with a significant amount of loans. Student loans balances are climbing every year and it can greatly affect these borrowers when they try to get approved for a mortgage. Tom and Eddie address the impact of student loans on mortgage and which loan programs are more 'student loan' friendly. - Conventional loans will allow $0 payment if borrower has income based repayment plan setup. If borrower loans are...

Duration:00:09:28

What Goes Into Credit Scores and How They Can Affect Mortgages

3/26/2019
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Tom and Eddie Knoell discuss how Credit Scores affect Mortgage Home Loans. - What is credit score made of of and how do they relate to mortgages? - What difference do they make on your mortgage options? - FHA and Conventional loans have different credit score requirements - Conventional loan PMI (private mortgage insurance) is influenced greatly by credit scores - Jumbo loans are very strict on scores

Duration:00:20:16

Are Down Payment Assistance Programs the best programs for First Time Home Buyers?

3/19/2019
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Tom and Eddie Knoell discuss whether Down Payment Assistance Programs are the best programs for First Time Home Buyers. They warn first time buyers what to watch out for and point out what to consider when it comes to DPA (down payment assistance) programs. You'll learn about a great loan program with only 3% down that is a much better alternative to down payment assistance programs with great interest rates and low mortgage insurance.

Duration:00:16:03

What Parts of a Mortgage Are Tax Deductible?

3/12/2019
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It's March 12th 2019 and millions of people are in the process of filing their 2018 tax returns. In today's show, Eddie and Tom Knoell go through the parts of a Mortgage that are Tax Deductible based on the 2018 tax rules. They discuss whether principal, interest, taxes, or insurance are tax deductible as well as what closing costs are tax deductible.

Duration:00:15:03

How Much Can I Qualify for on a Mortgage?

3/5/2019
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The Mortgage Brothers give borrowers a helpful quick method for determining how much they might qualify for on a mortgage. Example:

Duration:00:11:02