Interest rate is just the percentage of interest that you pay on your mortgage loan principal amount. APR stands for Annual Percentage Rate, and includes all costs associated with obtaining your mortgage loan.
Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: If I already have debt, can I still qualify for a mortgage? The answer is: Yes! It all comes down to your debt-to-income ratio (or DTI for short). To calculate [...]
Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: Can I roll my closing costs into my VA Loan? The answer is: It Depends... For eligible Veterans looking to purchase a home with their VA benefits, you have the [...]
Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: Can I count my retirement pension towards qualifying for a mortgage? Yes, your retirement pension can count towards qualifying for a mortgage! Under certain requirements. Simply being retired doesn't preclude [...]
Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: What makes Morgan Financial's Secured Approval stronger than a typical pre-approval? A pre-approval (usually conducted by a loan officer), is where a credit report is reviewed and a loan application [...]
Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: When I'm buying a home, who orders the property survey? The responsibility to order and pay for the survey is up to you, the homebuyer. However in many cases, the [...]
Do I need to put 20% down to buy a home? The quick answer: Nope! There are many options for putting less than 20% down, for example… A qualified and eligible Veteran might be eligible for NO money down with a VA Loan! Or, a first-time homebuyer might be eligible for as [...]
Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: When it comes to my mortgage, what are cash reserves? Essentially, cash reserves are the money you have leftover in the bank after paying your down-payment and closing costs. Cash [...]
Thank you Eugene Crockett from RE/MAX Absolute Service Team for this amazing testimonial! And in case you misses the last presentatation, Morgan Financial will be hosting another: Keeping Your Business on Track! This presentation will be “Video Marketing for Real Estate! We will go over 15 videos every agent should create to get more [...]
Hello there! Morgan Financial will be hosting it’s 2nd installment of our series Keeping Your Business on Track! This month's presentation will be: Instagram for Real Estate! We will go over how to get clients and grow your business on the world’s fastest growing social network! Food is on us so visit the link [...]