Learn about Loan Level Pricing Adjustments (LLPAs) and their impact on your mortgage pricing.

In this episode, we discuss the Live Local Act and its impact on first-time homebuyers in Florida. The Act aims to make homeownership more accessible by providing financial assistance to frontline workers and individuals who meet the income requirements. We explore the eligibility criteria, the $100 million fund for frontline workers, and the additional $100 million being added to the program. Chris, emphasizes the importance of acting quickly, as funds may be used up fast, and offers advice on how to prepare for homeownership under this program. Tune in to learn more about this game-changing opportunity and how it could help you achieve your homeownership dreams.

"Mortgage Matters with Chris Galli" is a podcast that delves into all things real estate and mortgage related. Hosted by Chris Galli, a seasoned mortgage professional with years of experience in the industry, this podcast is a must-listen for anyone looking to learn about the ins and outs of the real estate and mortgage world. From buying your first home to refinancing your current mortgage, Chris covers it all, offering valuable insights and practical advice for listeners. Whether you're a seasoned real estate investor or a first-time homebuyer, you'll find something of value in this informative podcast. Tune in weekly to stay ahead of the game and win in the real estate market!

This week, Chris discusses the current state of the housing market, addressing concerns about rising interest rates and their impact on potential homebuyers. He covers historical trends in interest rates and the average time spent in a home, offering advice on how to navigate the market amidst a shortage of rentals and potential bidding wars. Chris also highlights Novus Home Mortgage's rate protection program, which aims to support clients through refinancing opportunities. Watch to learn valuable insights and tips on making informed decisions in today's housing market.

"Mortgage Matters with Chris Galli" is a podcast that delves into all things real estate and mortgage related. Hosted by Chris Galli, a seasoned mortgage professional with years of experience in the industry, this podcast is a must-listen for anyone looking to learn about the ins and outs of the real estate and mortgage world. From buying your first home to refinancing your current mortgage, Chris covers it all, offering valuable insights and practical advice for listeners. Whether you're a seasoned real estate investor or a first-time homebuyer, you'll find something of value in this informative podcast. Tune in weekly to stay ahead of the game and win in the real estate market!

Chris, a mortgage expert, shares valuable insights on credit scores and how they impact mortgage rates and loan approvals. He discusses the importance of credit score simulators in predicting credit scores and suggests practical ways to improve credit scores, such as strategic credit card balance payments and disputing credit report errors. Chris also recommends using secured credit cards and becoming an authorized user on someone else's credit card to establish credit and he emphasizes the need to address and resolve outstanding debts and collections to improve credit scores.

"Mortgage Matters with Chris Galli" is a podcast that delves into all things real estate and mortgage related. Hosted by Chris Galli, a seasoned mortgage professional with years of experience in the industry, this podcast is a must-listen for anyone looking to learn about the ins and outs of the real estate and mortgage world. From buying your first home to refinancing your current mortgage, Chris covers it all, offering valuable insights and practical advice for listeners. Whether you're a seasoned real estate investor or a first-time homebuyer, you'll find something of value in this informative podcast. Tune in weekly to stay ahead of the game and win in the real estate market!

In this episode, Mindy and Chris discuss the VA Loan program, which is a loan option available exclusively to veterans and their families. They start by explaining the eligibility criteria for the VA loan program, which requires a valid Certificate of Eligibility (COE), a minimum credit score of 620, and proof of income and employment. Chris explains that the VA loan program offers several benefits, including a lower interest rate, no down payment requirement, and leniency in credit score and debt-to-income ratio. However, he also notes that there are some limitations to the program, such as a funding fee that is required at closing and property eligibility requirements. Mindy and Chris also delve into the topic of refinancing a VA loan and the benefits of doing so. They highlight how refinancing can lower the interest rate and monthly payments and discuss the various options available, such as the VA Streamline Refinance and the Cash-Out Refinance. Finally, the hosts touch on the process of assuming a VA loan and the benefits and potential downsides of doing so. They advise potential homebuyers to carefully consider the remaining entitlement and property eligibility before assuming a VA loan. They also emphasize the importance of finding a reputable lender and realtor who can guide them through the VA loan process and help them take advantage of this beneficial program.

"Mortgage Matters with Chris Galli" is a podcast that delves into all things real estate and mortgage related. Hosted by Chris Galli, a seasoned mortgage professional with years of experience in the industry, this podcast is a must-listen for anyone looking to learn about the ins and outs of the real estate and mortgage world. From buying your first home to refinancing your current mortgage, Chris covers it all, offering valuable insights and practical advice for listeners. Whether you're a seasoned real estate investor or a first-time homebuyer, you'll find something of value in this informative podcast. Tune in weekly to stay ahead of the game and win in the real estate market!

This week, we look past the headlines and scare tactics. We discuss the current state of the real estate market and how recent events have impacted interest rates. Our expert guest, Chris, shares insights on the benefits of homeownership, including tax advantages and property appreciation. Learn how the Fed is supporting banks in these uncertain times and why it's still a great time to secure a mortgage!

"Mortgage Matters with Chris Galli" is a podcast that delves into all things real estate and mortgage related. Hosted by Chris Galli, a seasoned mortgage professional with years of experience in the industry, this podcast is a must-listen for anyone looking to learn about the ins and outs of the real estate and mortgage world. From buying your first home to refinancing your current mortgage, Chris covers it all, offering valuable insights and practical advice for listeners. Whether you're a seasoned real estate investor or a first-time homebuyer, you'll find something of value in this informative podcast. Tune in weekly to stay ahead of the game and win in the real estate market!

In this insightful podcast, the hosts delve into the unique challenges millennials face when navigating the housing market, including high student loan debt, the lasting effects of the 2008 financial crisis, and evolving lifestyle preferences. They examine how millennials are drawn to urban living, prioritize experiences over homeownership, and often delay marriage, resulting in more unmarried couples purchasing homes together. The podcast explores various loan options tailored to first-time homebuyers, such as USDA loans, FHA loans, and down payment assistance programs, emphasizing the need to understand one's lifestyle and find suitable property types. The hosts also discuss the importance of real estate agents catering to the needs of millennials and Gen Zs, as these generations represent a significant share of potential homebuyers. Tune in to learn about various loan options, discover convenient property alternatives like townhouses or condos, and gain insights on working with real estate agents who can effectively address the unique needs of millennials in their home-buying journey.

"Mortgage Matters with Chris Galli" is a podcast that delves into all things real estate and mortgage related. Hosted by Chris Galli, a seasoned mortgage professional with years of experience in the industry, this podcast is a must-listen for anyone looking to learn about the ins and outs of the real estate and mortgage world. From buying your first home to refinancing your current mortgage, Chris covers it all, offering valuable insights and practical advice for listeners. Whether you're a seasoned real estate investor or a first-time homebuyer, you'll find something of value in this informative podcast. Tune in weekly to stay ahead of the game and win in the real estate market!

In this episode, we discuss the recent changes made by the Federal Housing Administration (FHA) to its loan program, including a reduction in mortgage insurance premiums from 85 basis points to 55 basis points. This change could result in significant savings for borrowers, particularly first-time homebuyers or those with lower income or credit scores. FHA loans can be a better option for those with less cash or lower credit scores, and encourages real estate agents and borrowers to consider them. We also touch on VA loans and the importance of education on these loan programs. Additionally, the concept of PMI (private mortgage insurance) is explained and how it works differently for FHA and conventional loans. Overall, this episode provides valuable insights for anyone considering homebuying and financing options.

"Mortgage Matters with Chris Galli" is a podcast that delves into all things real estate and mortgage related. Hosted by Chris Galli, a seasoned mortgage professional with years of experience in the industry, this podcast is a must-listen for anyone looking to learn about the ins and outs of the real estate and mortgage world. From buying your first home to refinancing your current mortgage, Chris covers it all, offering valuable insights and practical advice for listeners. Whether you're a seasoned real estate investor or a first-time homebuyer, you'll find something of value in this informative podcast. Tune in weekly to stay ahead of the game and win in the real estate market!

In this discussion, Chris Galli, talks about changes in gift funds for 2023 and their impact on taxes and new rules. The IRS has increased the amount that a person can receive tax-free to $17,000, which is good news for homebuyers who can receive help to purchase a home. Gift funds are typically given by parents or grandparents for down payments or closing costs and can be given without expecting repayment. They can be used for conventional mortgages, USDA, FHA, and VA loans. There is also a lifetime exemption amount for gift giving that may change in the future, so it's a good time to start planning. Gift giving is tax-free and can be used to increase the money that can be given to the next generation. The discussion focuses on gift giving in relation to buying a house, but the gift can be used for other purposes as well. Also, tune in next week for more information on changes to the FHA loan program.

Check out our blog: https://www.mortgagedreams.com/blog/2023changestogiftfunds

"Mortgage Matters with Chris Galli" is a podcast that delves into all things real estate and mortgage related. Hosted by Chris Galli, a seasoned mortgage professional with years of experience in the industry, this podcast is a must-listen for anyone looking to learn about the ins and outs of the real estate and mortgage world. From buying your first home to refinancing your current mortgage, Chris covers it all, offering valuable insights and practical advice for listeners. Whether you're a seasoned real estate investor or a first-time homebuyer, you'll find something of value in this informative podcast. Tune in weekly to stay ahead of the game and win in the real estate market!

Are you a homeowner or considering becoming one? Have you ever wondered how being a homeowner could impact your taxes and potentially save you money? In this video, mortgage industry expert Chris shares his insights with co-host Mindy on the tax benefits of homeownership, including deductions for mortgage interest, property taxes, and home improvements. Chris also talks about how owning a second home or rental property can provide additional tax advantages.  

Check out our blog: https://www.mortgagedreams.com/blog/mortgagetaxdeductions

"Mortgage Matters with Chris Galli" is a podcast that delves into all things real estate and mortgage related. Hosted by Chris Galli, a seasoned mortgage professional with years of experience in the industry, this podcast is a must-listen for anyone looking to learn about the ins and outs of the real estate and mortgage world. From buying your first home to refinancing your current mortgage, Chris covers it all, offering valuable insights and practical advice for listeners. Whether you're a seasoned real estate investor or a first-time homebuyer, you'll find something of value in this informative podcast. Tune in weekly to stay ahead of the game and win in the real estate market!