Our Host, Tammy Dean - a California Realtor & Advocate (@movingonwith.tammydean) shares her insights into what it means to be "Under Contract", whether that be with yourself (goals, health, accountability, etc.), or in the literal real estate sense! We're talking about "muting out the static" so that you can b-line it to your dreams, uninterrupted!
In episode 16, Tammy Dean sits down with business partner Tammy Krug of Berkshire Hathaway HomeServices California Properties as well as Daren Greig, Managing Partner of Hop Mortgage (our most favorite lender) to talk about rates and pre-approval processes. If you're a first-time buyer - LISTEN IN!
Terms-
Rate Locks: A lock-in or rate lock on a mortgage loan means that your interest rate won't change between the offer and closing, as long as you close within the specified time frame and there are no changes to your application.Can lock up to 90 days, the rate gets more expensive as you lock it for longer.
Escrow: "In escrow" is a type of legal holding account for items, which can't be released until predetermined conditions are satisfied. Typically, items are held in escrow until the process involving a financial transaction has been completed.
FHA Loan: An FHA loan is a type of government-backed mortgage loan that can allow you to buy a home with looser financial requirements. You may qualify for an FHA loan if you have debt or a lower credit score.
Conventional Loan: A conventional mortgage or conventional loan is a home buyer's loan that is not offered or secured by a government entity.
Tune in for all of the updates coming, and as always DM any questions!
Today's Guest: Daren Greig, Hop Mortgage
IG: @hopmortgage
Podcast Available on all platforms.
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⚜️ Tammy Dean, San Diego Realtor & Advocate
Berkshire Hathaway HomeServices California Properties
BHHS BRE# 01317331 | DRE# 02078221
Call/Text: (619) 920-8264
⚜️ Tammy Krug, "Downtown Tammy"
Berkshire Hathaway HomeServices California Properties
BHHS BRE# 01317331 | DRE# 01417954
Call/Text: (619) 384-3490
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