Joe Knows Mortgages Minute

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

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

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

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

Now, the veteran can negotiate with a seller on a property to pay all normal and customary closing costs.  The negotiation must be part of the sales contract and clearly outlined

Points are fees that a borrower pays directly to their lender at their closing, in exchange for a lower interest rate. 1 point is 1% of the mortgage amount…

When is a good time to consider a Cash Out Refinance? With current interest rates hovering around a 9-month low, home equity at an all-time

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.