The Mortgage Brothers Show

In this episode of the podcast we talked about the difference between forbearance and deferment. We’ve been getting a lot of questions lately.

In this episode, we talked about and answered questions about cash-out refinances in our current COVID-19 market. Right now, we’re still sheltering in place and we’re getting a ton of calls from people about a range of topics, but a lot of them surround the issues posed by COVID-19 and whether they should do a cash-out refinance, if they should pull money out for emergency funds, and about investing.

In this week’s episode, we went over SBA loans. We are in the middle of coronavirus season right now and we’ve been getting a lot of questions about SBA loans in connection with the CARES Act. The CARES Act is trying to send a ton of money to the private sector, all these small businesses, sole proprietors, and employers.

This week’s podcast was about the CARES Act that was signed into effect a couple of days ago. In this episode, we talked about how it affects mortgages and homeowners.

Because of COVID-19, our economy has taken a huge hit. The CARES Act is probably one of the quickest that has ever been passed. We did a bit of research to find out what information affects you and how this act affects you as a mortgagor.

Now, this was probably one our most sobering podcasts. If you’re in contracts, going into contract, refinancing, or thinking about refinancing it’s reasonable to be wondering about how COVID-19 is going to impact this.

In this episode, we went over some tips that we hope will help you through those sticky situations when collectors are calling about debt.

In this episode, we went over homeowners insurance deductibles and a quick tip on how to get lower premiums.

For single-family residential homes in the range from $200,000 to $400,000 or so, premiums are going to range from about $600 to maybe $1,200 annually. So, about $50-$100 a month. We’ve had some people asking how they can get the lowest premium possible. For many people, the difference between $50 and $100 can be a big deal.

In this episode, we discussed a tip on how to get the most out of your credit card while keeping your score nice and high. Credit scores matter not only in matters of mortgages, but also in insurance quotes and, well, anything insurance-related.

In this episode, we discussed how to refinance student loans into a mortgage without it being considered a cash-out refinance.

In this episode we went over some exciting changes that are effective January 1st, 2020. As of that date, there will be no VA loan limits for borrowers who purchase a home, subject to them having no outstanding used entitlement.

In this episode, we talked about appraisal waivers. If you’re getting a conventional loan on a refinance or purchase, you might not need to get an appraisal done on your home. About 20% of loans today are receiving appraisal waivers in the underwriting process.

In Arizona and most of the USA as of January 1st, 2020, FHA loan limits have been increased from $314,827 to $331,760. This is great news! If you’re a single-family residence the limit went from $314,827 to $331,760.

In Arizona and most of the US, the conventional loan limits have been increased from $484,350 to $510,400. This is amazing news, just four years ago that limit was $380,000.