The Mortgage Brothers Show

Up to date news, tips, and advice, so you can make real estate decisions with confidence.

Which Is Better? Mortgage Broker or Bank?

08-19-2020About MortgagesEddie Knoell

What is the difference between a mortgage broker and a mortgage banker? What are you? Are you a banker or are you a broker that is the question.

In this episode of the mortgage brothers podcast we discuss the pros and cons of going with a mortgage banker vs a mortgage broker for your next home purchase or refinance. Watch the video above for all the details. Below are the highlights.


Mini Cashout Refinance: What You Need To Know

08-14-2020About MortgagesEddie Knoell

In this episode, we’re talking about Mini Cashout Refinancing, what it means, the two ways you can use it, and how it can be used to lower your interest rate. Mini Cashouts, are something we came up with, and we’re here to share with you! This episode is all about how to use a mini cashout as a way to take cash out at the lowest interest rates available. We’re going to show two different scenarios. One using the average median home price at $300,000 and on the high end, with a $600,000 home.


Getting a Mortgage During a Job Transition

08-04-2020About MortgagesEddie Knoell

In this episode, we’re covering everything you need to know about getting a mortgage during the time of a job transition. Whether you’re relocating to a new town for a job, or are simply in the process of purchasing a new home in your city. We’ll share everything you want to know about how a new job can affect a new mortgage.


Is The Mortgage Interest Tax Deduction Really a Big Deal?

07-27-2020About MortgagesEddie Knoell

In this episode, we’re answering a question we’re asked about pretty frequently, especially around tax season, “If I have a mortgage, do I get a mortgage interest write-off?” We’re sharing why mortgage interest tax deductions are a big deal, and how your mortgage interest can help you during tax season!


How to Purchase or Refinance While You’re in COVID Forbearance

07-20-2020About MortgagesEddie Knoell

One of the questions that are happening frequently in this COVID-19 environment is about “what happens if you have a mortgage and it is in forbearance?” In response to these financial hardships, the federal government has announced plans that offer relief to many homeowners who aren’t able to keep up with their mortgage payments. In this episode, we’ll share how forbearance influences conventional mortgages.


Is Real Estate The Best Way To Build Wealth?

07-16-2020About MortgagesEddie Knoell

In this episode of “The Mortgage Brothers Show” we answer the question that people ask not only us – but their friends, their relatives, themselves, their spouses, etc; “Is real estate the best way to build wealth?” We’ll break down the 5 main advantages of real estate investing, from real estate investment loans to using 401k money towards a home purchase.


Should You Use 401k Funds To Purchase A Home

07-02-2020About MortgagesEddie Knoell

In this episode, we work through one of the most common questions we get: should you use 401k funds to purchase a home. It’s a touchy subject, so we decided to breakdown a scenario for you and compare side by side the returns in real estate vs. your 401k.


Second Home Mortgage vs. Investment Property Mortgage. What’s the difference?

06-27-2020About MortgagesEddie Knoell

In this episode, as we often do, we talked about mortgages. There are two different types of financing we do outside of that for primary residences — second homes and investment properties. For the full story, be sure to listen to the full podcast above or on Apple Podcasts. For now, let’s get into the overview.


Top 10 Questions about Down Payments

06-17-2020About MortgagesEddie Knoell

In this episode of the Mortgage Brothers Podcast we covered your most common questions about down payments.

One very common misunderstanding for home buyers is the cash requirements for a down payment. How much do you need? What programs are out there for low down payment options? What is private mortgage insurance and is it bad? Where do the funds need to come from?


Mortgage Insurance? What’s That!?

06-17-2020About MortgagesEddie Knoell

In this episode of the Mortgage Brothers Podcast we will cover your most common questions about Mortgage Insurance.


New and Stricter Rules for Mortgages During COVID-19

05-13-2020About MortgagesEddie Knoell

In this episode, we touched base on mortgages as it relates to where we are with COVID and how it is affecting purchases, refinances, timing, pricing, and the like. The virus is causing mortgage lending and bank guidelines to continually evolve and tighten down. Banks want to protect themselves from the risks that mortgages inherently have during times of uncertainty. Some borrowers will find it more difficult to get pre-qualified in the current climate compared to before the virus.


15-Year Fixed Mortgage vs. 30-Year Fixed Mortgage

05-06-2020About MortgagesEddie Knoell

In this episode, we went over commonly asked questions about 15-year-fixed mortgages versus 30-year-fixed mortgages.