Joe Harris is the COO of Morgan Financial, where he oversees operations, sales, and marketing to ensure a fast, enjoyable, and consistent mortgage experience. With more than 25 years in the industry and over $1 billion funded, Joe combines deep expertise with a passion for helping clients achieve homeownership. He is also dedicated to training and equipping loan officers with the tools and strategies they need to thrive in a competitive market.
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Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE”. This week, we answer the question: Can you refinance a
What is a Cash Out Refinance?
A Cash out Refinance is when you replace your current mortgage with a new loan that allows you to pay off your current balance and uses the available equity in your home to give you additional funds for other purposes such as home improvement, debt consolidation or home repairs. This might also be a great option for those looking to lower their interest rate.
Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE”. This week, we answer the question: What is an Earnest money deposit?
An earnest money deposit is also known as good faith money, or an escrow deposit. This is the amount that you put down as a deposit when a real estate offer is accepted. This money can typically be used towards your transaction at closing. If you do not close on your transaction, you may be entitled to a refund of your earnest money, as long as you meet the stipulations of the contract. In some instances the earnest money deposit may be forfeited if the timeframes and stipulations of withdrawal from the contract are not met.
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With approximately 70% of college graduates graduating with some type of significant student loan debt, this topic is certainly a hot one, and on many peoples mind. The reality is that student loan debt alone will not preclude someone from getting a loan.
As a benefit for those on active duty or serving overseas, military members can qualify for a VA loan if they have intentions to return home within one year as long as a Spouse or dependent children will also occupy the property in the meantime. Otherwise they must occupy within 60 days.
Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE”. This week, we answer the question: What is the
What is the difference between mortgage insurance and homeowner insurance?
This is a common mix-up, but they are in fact two very different things.
PITI is an acronym for your payment and it stands for principal, interest, taxes and insurance.
When someone says a VA Loan is assumable, they mean that VA Loans can be transferred to the next homebuyer should they qualify. This could add significant value to a home, especially in a rising-rate market.
Schedule a consultation with the Morgan Financial team to explore mortgage and refinancing options tailored to your needs.
