Mortgage Mom Radio - Podcast

6/27/2022 Many homeowners have recently received a Notice of Default, why now? For more than two years, the federal government and has put a moratorium on foreclosures. Meaning, if someone was behind prior to the pandemic, they could not be foreclosed on. Many became behind due to the pandemic and as stated, there was nothing that the bank, county (think property taxes), or HOA's (yes, that's right, your HOA can foreclose on you), good do to collect or move forward with sale to rectify the...

6/13/2022 This week the Fed is due to announce the next Federal Funds or Federal Prime Rate increase. It has been previously mentioned that every 6 weeks the fed plans to increase the rate by .50%. This time, before the meeting began, it was hinted that we would see an increase of .75%. This in itself has shot the stock market, the cryptocurrency market, and interest rates into a tailspin for the worse. Additionally, last week it was announced that inflation has hit a 40 year high. The...

06/02/2022 Today we talked all about our upcoming homebuyer workshop. We are super excited to see you both in person and virtually. Listen to the show, get your free tickets, and get yourself ready to become homeowners! Homebuyer Workshop RSVP var exampleCallback = function() { console.log('Order complete!'); }; window.EBWidgets.createWidget({ widgetType: 'checkout', eventId: '340224198737', modal: true, modalTriggerElementId: 'eventbrite-widget-modal-trigger-340224198737', onOrderComplete:...

5/27/2022 We are now offering: Home Equity Lines of Credit - Home Equity Loans - Bridge Loans This is fantastic when you have a really low interest rate on your current mortgage but you are looking to take cash out for home improvements or debt consolidation. Bridge loans offer you a way to get the cash out of your property so that you can purchase without having to sell. A bridge loan does have to be paid off within 11 months so this would be a product for someone who does want to sell...

5/25/2022 Today I continued to review all of our new loan programs and announcements that we have had since the beginning of the year. We touched base once again regarding the following: Homebuyer and Homeowner Workshop available dates Interest Rate Buy Downs vs Buying Down Your Interest Rate Adjustable Rate Mortgages USDA Loan Programs Home Solar Would you like to RSVP for our Homebuyer Workshop? Homebuyer Workshop RSVP var exampleCallback = function() { console.log('Order complete!'); };...

5/14/2022 Today was a re-cap of new programs announced over the last 6 weeks as well as Workshops that we've announced. Lock and Shop Program Earnest Money Insurance Program (Don't lose your earnest money, let us insure it) Homeowner Workshop - Are you thinking about selling your home, moving out of state, possibly behind on mortgage payments? Homebuyer Workshop - Looking to purchase a home and need help getting started? Have you been actively looking but you are striking out when writing...

5/10/2022 Restrictions are gone and we're ready to get back to in-person business! We will once again be offering Homebuyer Workshops as well as Homeowner Workshops in person. I'm super excited to announce that we will be offering two workshops coming up in the month of June. June 4, 2022 - Our first ever, Homeowner Workshop! This workshop is for our HOMEWONERS This workshop will give you everything that you need to know about selling your home. If you are considering selling your home and...

4/26/2022 Is your loan currently in forbearance but you have not yet reached out to the bank to get back on track or rectify the balance due? Today we discussed the current situation of the US in regards to the amount of homeowners who had put their loan in forbearance at the beginning of the pandemic. We gave updated figures as to the number of homeowners who are still currently in forbearance and will soon need to rectify the balance due. What are the options available to you if you are in...

4/18/2022 Today we announced our New Lock and Shop Program! What does this mean? Exactly what it sounds like. You can now lock in an interest rate while you shop. You do not need to have an address identified or be under contract. Learn more by listening to today's episode. Call us for additional details or to get your lock and shop started! 844-935-3634 Exciting news, our North Carolina license was also just approved. We now have 12 states under our belt where we can help you and we...

4/13/2022 Have you been thinking about getting solar on your house? Does it make sense for you and your family? Which option is best? Do you purchase the panels outright, lease them, or have you had someone talk to you about a power purchase? Learn what each is, what are the best options, and does solar make sense where you live? Check out the Mortgage Mom Radio online merch store! The beer mugs are insane! SHOP NOW Book your free phone consultation today, BOOK NOW We are LIVE on YOUTUBE...

4/13/2022 Today we talked about our New EMD Guarantee Program - Compete in Today's Crazy Market! What is an EMD Guarantee? When you open escrow/title depending on the state where you are purchasing, you will likely wire money to show the seller that you have every intention of buying the home. This wire is called your earnest money deposit. Most contracts will give you a contingency time frame to get your financing in order or better known as your loan contingency. If you can write NO LOAN...

4/6/2022 USDA home loans are amazing! Today we had David Corwin, Deputy Director with the USDA on our show to talk about eligibility and the benefits of a USDA home loan. Did you know: You can buy a home using a USDA home loan with zero down payment They work off of the appraised value, not the purchase price which means that you could potentially finance more than what you bought the home for. The income limits are 115% of the median income in the area where you will purchase (this is quite...

4/4/2022 Today we talked about VA home loans. If you are a vet and you want to purchase or refinance, you have more options available to you then most other loan programs. From zero down payment to taking cash out at almost 100% of your property value, you have earned it. VA home loans are also much more lenient with credit scores and debt ratios making it easier to qualify for the loan. If you haven't reached out to see if it is possible for you, now is the time! Give us a call today, we'd...

3/28/2022 Today we talked about the changes that were announced by Experian, Equifax, and Transunion. The credit bureaus have agreed to change what is reported when it comes to medical collections. In this episode we discuss the three changes that will occur between between July 2022 and the beginning of 2023. If you have medical collections on your credit report you have good news in store. You should see a bump to your credit score once all of the changes are rolled out. George Hartmann...

3/24/2022 Today's episode was filled with emotion. We have all finally come to realize and must embrace that our current environment has changed. Over the last 10 years we have for the most part been on the down elevator in the rate department. Starting in the middle of 2021, interest rates began to climb very slowly. By January of 2022 it was evident that the rates were going to continue to push up on that rate escalator. As of March 1, we were barreling forward from slow steady upward...

The Federal Reserve announced today that they will be increasing the Federal Reserve Prime Rate, also known as the Fed Funds Rate, but .25%. They expect to increase the interest rate by .25% every 6 weeks until they end the year at a total rate of 1.9. We started off the year at .05 where we have been sitting since April 2020. Prior to March of 2020 the Fed Funds Rate was 1.58. Do you want to understand what this all means to you? How do we expect the future of the real estate market and...

3/9/2022 Inflation Inflation Inflation! Are you tired of hearing that word? Are you tired of feeling the pain of the gas prices, groceries, utilities, all soaring? Well, I can't fix those things but I did give you some tips and tricks to try to reduce your monthly budget in this episode. We all make decisions based on what we can afford. For example, when you buy a new car or a home, you go through your monthly debts, your take home income, your expenses on groceries, utilities, eating out,...

3/7/2022 Today's title pretty much sums it up. Are you shopping for a new mortgage and you have been presented with an option for a lower interest rate if you pay points? Whether you are buying a house or considering refinancing, you may or may not want to buy points. The best way to understand why you may have to or why you may want or not want to, is to watch today's episode! Check out the Mortgage Mom Radio online merch store! The beer mugs are insane! SHOP NOW Book your free phone...

3/4/2022 1031 Exchange transactions are very common among investors who have rental properties and chose to sell. Unless you have occupied the property for a minimum of two years out of the last five years, you will pay capital gains. The only way to avoid capital gains is to roll over the proceeds to a new investment property. Rolling over the proceeds from one investment to another is called a 1031 Exchange. There are many rules around the 1031 Exchange process. We touch on many of those...

2/28/2022 Were you wondering if it is possible to take cash out of your home so that you can buy a new home, move, renovate, and then sell? Today I gave you 4 different options that are available to make that happen. Check out the Mortgage Mom Radio online merch store! The beer mugs are insane! SHOP NOW Book your free phone consultation today, BOOK NOW We are LIVE on YOUTUBE every Monday and Wednesday @ 1PM PST. Interact with us LIVE while we record! Ask us your questions right in the...