07/02/24 Your Money Matters Mortgage Insights – 10 Most Common Mortgage Refinance Questions from Customers - Affordable Interest Mortgage

07/02/24 Your Money Matters Mortgage Insights – 10 Most Common Mortgage Refinance Questions from Customers

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10 Most Common Mortgage Refinance Questions from Customers

If you’re even curious about refinancing your mortgage, this 1-hour jam packed episode of The Your Money Matters Radio Show is for you! Hello, I’m Kurt Rogers, Managing Broker at Affordable Interest Mortgage. 

Here’s the highlights:

I provide a brief statement about the NAR – National Realtors Association Settlement and the changes to how homes are sold and the paperwork that is required, which goes into effect on August 15, 2024.

I also talk about in detail the “6” main areas of focus that you should be concentrating on if you are thinking about a mortgage refinance:

  1. Your Credit Score
  2. Equity – debt on hour home vs the appraised value
  3. DTI – Debt to Income and the “ratio”
  4. Proof of Reliable Income
  5. Property Value as determined by an Appraiser through AMC
  6. Reserves – funds available in bank accounts

I also provide detailed answers to the following “10” MOST COMON QUESTIONS that my customers are asking me. Perhaps you have the same questions:

Question #1: Many homeowners have mortgage interest rates in the 4% range, does it ever make sense to refinance?

Question #2: Is now a good time to buy or should I wait until rates come down?

Question #3: How much do I save if the rates go down half a point?

Question #4: Why should I use a mortgage broker versus a bank?

Question #5: When should I pay points to get a lower mortgage interest rate?

Question #6: With the value of homes up, along with the mortgage interest rates up, how can you help someone qualify for a home?

Question #7: What’s the best loan for me?

Question #8: Is there a time when paying mortgage insurance is better?

Question #9: Where do you see mortgage loans and the housing market will be by the end of year?

Question #10: If someone is thinking about refinancing or purchasing a home either now or when rates come down, what should they do prior to save the most – get the best rate and have the process go smoothly?

Listen to the 7/2/24 Mortgage Insights Podcast – full hour show:

https://www.haystackhelpradio.com/wp-content/uploads/2024/07/Haystack-07-02-24-Your-Money-Matters-Kurt-Rogers.mp3

Affordable Interest Mortgage – Powered by IMB #2191655. NMLS 217147. Equal Opportunity Lender.

Be sure to tune in every Tuesday at Noon – 1PM on 560AM KLZ for The Your Money Matters Radio Show. I am proud to be the exclusive Mortgage Broker for The Haystack Help Radio Home Team!

Call (720) 895-0500
www.aimortgage.net

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