With today's home prices and rising rent, does it make more sense to rent or buy a home? How do you know which is the right decision for YOUR financial situation? Check out this video to learn: • Current housing market overview (as of March 2022) • Renting vs Buying [...]
Whether you are a current homeowner or are trying to become one, you can benefit from inflation in the housing market! In this video, you will learn: • Current housing market overview (as of February 2022) • Ways to take advantage of the current housing market • Taking your next [...]
In this video, we provide options to pay off credit card debt, including how to use the equity you have sitting in your home! You will learn: • The effects of credit card debt • 3 options to pay off credit card debt • Determining your home's potential equity • [...]
Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: What's the difference between Homeowners Insurance and Mortgage Insurance? Homeowners insurance protects you, the homeowner, from damages to your home or loss, such as in cases of natural disaster or [...]
Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: What's the difference between Interest Rate and APR? Interest rate is just the percentage of interest that you pay on your mortgage loan principal amount. APR stands for Annual Percentage [...]
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 [...]
