In this episode Realtor Adam Kruse and Realtor Shannon St. Pierre talk to John Charlton The Mortgage Guy. Find out why John almost never sees a contract in the St. Louis area without concessions from the seller .
Email Questions To: PODCAST@HERMANNLONDON.COM
Host - Adam Kruse https://hermannlondon.com/realtor/adam-kruse/
Shannon St. Pierre https://hermannlondon.com/realtor/shannon-st-pierre/
Lender John Charlton https://www.facebook.com/TheMortgageGuySTL/
ITUNES-http://goo.gl/rs1q9X
Blog-https://hermannlondon.com/podcasts/
Website http://hermannlondon.com/
Producer - Joey Vosevich
Theme Song by Trastornobeats
3:00 Agent tips and tricks from a recent deal
4:00 Shannon is working on a lease/purchase deal
8:30 What’s the first thing to do when deciding to buy a house
9:00 How are the rates
13:30 The markets were already prepared for the tax reform bill
11:40 6.5 used to be considered a good rate
14:25 What is a 1031 like kind exchange
17:00 Closing costs credits and changes to the Realtor contract
18:00 John Charlton almost never sees a contract without concessions from the seller
19:00 Denver is a seller’s market and John almost never sees concessions
20:25 Special wording on the VA Rider
21:25 Banks don’t charge bank fees on VA Loans. It’s meant to be 100% free financing
22:33 A VA Loan is a sweet deal and all military personnel need to be looking into it
23:00 3% closing cost is a good benchmark unless the home is over $250,000
26:21 What are the credit thresholds
30:00 People with damaged credit need to know they can fix it. It’s an algorithm, not voodoo
30:30 Can you get a loan with no credit
31:15 The ideal buyer has a credit score higher than 750
31:50 What is the minimum credit score
32:03 Buyers want to know what they can afford
32:42 Don’t avoid talking to a lender if you have bad credit. They could be helping you fix it
33:13 A lender wants to know what the buyer is paying now and if current home fulfills needs
35:26 A Realtor doesn’t want or need to know how much the client makes
37:07 A safe harbor in U.S is 43% of income can go to a mortgage
39:49 What is a bridge loan
43:38 When is a reverse mortgage a good idea
45:20 Is it still a good time to refinance
46:32 How to get rid of PMI (private mortgage insurance)
47:00 Recasting a loan on a shorter mortgage
48:38 What is the rate difference between a jumbo loan and a 30 year fixed
50:57 Why do refinancing terms vary by lender
