In this episode of The Mortgage Show, Randy and Beds break down the latest in mortgage news and home financing. They dig into what the latest inflation data means for rates, how to properly compare lenders using the Loan Estimate, and why it’s crucial to watch out for fluff numbers. They also cover recent updates to the MaineHousing program income limits and go deep on mobile home financing—what’s allowed, what kills a deal, and what borrowers need to know. Plus, some Celtics talk gets mixed in as they process the Jayson Tatum injury and try to stay optimistic.

00:00 Introduction and Casual Banter

00:16 Discussing Jason Tatum's Injury

01:02 Celtics' Playoff Hopes

01:40 Frustrations with Jalen Brown

03:26 Transition to Mortgage Talk

04:00 Economic News and Mortgage Rates

06:39 Main State Housing Program

13:25 Mobile Homes: Key Considerations

17:09 Loan Eligibility for Mobile Homes

17:33 Engineer's Certification and Costs19:06 Interest Rates and Down Payments

19:49 Comparing Lenders and Loan Estimates

21:06 Understanding Closing Costs

27:59 Escrow and Property Taxes

34:32 Market Predictions and Inventory Levels

36:02 Conclusion and Final Thoughts

Randy Forcier

Loan Officer I NMLS 322749

CMG Home Loans

9 Beach St, 2nd Floor

Saco, ME 04072

207-590-0337 l [email protected]

Chris Bedard

Loan Officer l NMLS 323290

CMG Home Loans

9 Beach St, 2nd Floor

Saco, ME 04072

207-229-4731 l [email protected]

THE MORTGAGE SHOW

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Contact us with any loan questions, comments or ideas for future episodes.