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:
- Your Credit Score
- Equity – debt on hour home vs the appraised value
- DTI – Debt to Income and the “ratio”
- Proof of Reliable Income
- Property Value as determined by an Appraiser through AMC
- 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:
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
