In this October episode of The Mortgage Show, Randy and Chris dive into the latest on interest rates, reflecting on recent market changes and how it impacts refinancing options. They also discuss fall sports, winter prep, and the state of mortgage-backed securities. With candid insights, they cover everything from escrow holdbacks to FHA loans, plus a unique non-QM product for self-employed borrowers. Tune in for a laid-back, informative discussion about the current mortgage market and what’s on the horizon!
00:00 Introduction and Catching Up
00:56 Current State of Interest Rates
01:47 Economic Reports and Market Reactions
05:44 Refinancing Decisions and Advice
09:06 Understanding Mortgage Payment Changes
12:02 Monitoring Your Mortgage Statements
13:01 Challenges with FHA Loans
13:58 Understanding Escrow Holdbacks
16:46 Appraisal Concerns and FHA
18:49 Non-QM Loan Scenarios
21:40 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]
Contact us with any loan questions, comments or ideas for future episodes.
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