Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: What is prepaid interest? You're getting ready to close on your home, your lender sends your closing disclosures for you to review, and you see a section for "prepaid interest" [...]

Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: When is flood insurance required on a home? When it comes to getting your home insured, flood insurance is not typically covered by traditional homeowner's insurance. The good news is, [...]

Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: Can I buy a home with cryptocurrency? Crypto currencies are a hot new topic these days! But can cryptocurrency be used to buy a home? The answer to this question [...]

Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: How will the Federal Reserve's interest rate increase affect mortgage rates and home prices? Two weeks ago, the Federal Reserve announced their 75 basis-point increase to interest rates. How has [...]

Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: What does the Federal Reserve's 75 basis-point rate increase mean for the housing market and consumers? The idea behind the rate increase is that the Federal Reserve is trying to [...]

Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: Why shouldn't you make any large purchases before closing on a home? Any major purchases (such as a new car, RV, or furniture) made after loan application, but before closing, [...]