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 itâs crucial to watch out for fluff numbers. They also cover recent updates to the MaineHousing program income limits and go deep on mobile home financingâwhatâs 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 Banter00:16 Discussing Jason Tatum's Injury01:02 Celtics' Playoff Hopes01:40 Frustrations with Jalen Brown03:26 Transition to Mortgage Talk04:00 Economic News and Mortgage Rates06:39 Main State Housing Program13:25 Mobile Homes: Key Considerations17:09 Loan Eligibility for Mobile Homes17:33 Engineer's Certification and Costs19:06 Interest Rates and Down Payments19:49 Comparing Lenders and Loan Estimates21:06 Understanding Closing Costs27:59 Escrow and Property Taxes34:32 Market Predictions and Inventory Levels36:02 Conclusion and Final Thoughts
Randy Forcier Loan Officer I NMLS 322749 CMG Home Loans 9 Beach St, 2nd FloorSaco, 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 SHOWđ Apple Podcasts: https://apple.co/4eAEdt0đ” Spotify: https://spoti.fi/4eV1c1I
RANDY FORCIER PODCASTS LINKSđ Apple Podcasts: https://apple.co/45sscBjđ” Spotify: https://spoti.fi/3swOZNIđș YouTube: https://bit.ly/3YSh661
Contact us with any loan questions, comments or ideas for future episodes.