Mortgage Heroes's Podcast

We chopped up a lot during this episode, diagnosing the Pulse of the current real estate and mortgage markets.  Listings are down nationally, but comparatively are these actually bad numbers locally? Risk reduction is happening all over the place, how is it effecting people? We need more new home builds to come to the market, but in the meantime you might have to GO TO the area you want to move in...

In this episode we discuss the CalHFA "Dream for All" program. Not so surprisingly, the $300M allocation was quickly snatched up by the time this conversation aired BUT we are hopeful this fund will be replenished as the demand is clear!  If you need downpayment assistance in California, let us know because we're already preparing aspiring homeowners for the next round OR the new of...

This week Brian and Andy discuss WHAT TO DO NEXT now that we know what the Fed's intentions and agenda are. We KNEW what they were STATING the agenda was, and even in the light of the bank failures, it's apparent now that they are NOT PIVOTING.  Get out your notepad for quick takes that can help you and your family in the upcoming months and years as we work our way through the headwinds...

The March 22, 2023 Fed Rate hike and Press Conference was the "Super Bowl" of all Fed meetings this year. It may appear rather uninteresting at first, but Jerome Powell made some pretty firm statements about the Federal Reserves mission and what they're willing to let happen in order to accomplish their core tasks of: - Reducing inflation to 2% - Restoring price stability to the mar...

It's hard to believe that we're talking about bank failures AGAIN! I thought we already did this "once in our lifetime"? But now, it's not Mortgage and Real Estate to blame...so what should you know? How does this impact mortgage rates?  Will the Fed change their gameplan? The risks are becoming more and more known by the day, and this episode reveals what we really think...

Everyone’s starting to talk about reverse mortgages and it has a lot to do with 2 primary factors, elevated “forward mortgage” rates and historic home equity that’s accessible for those eligible for a reverse mortgage.

A recent report estimated the national residential home equity total was $47.7 trillion in June 2022, but but the end of 2022 that total declined to $45.3 trillion. There's no reason to freak out though! In this episode we talk about what’s going on, why this is happening, and what people should do! 

It's hard to believe we’re already 2 months into the new year. There’s already been a LOT of chatter about mortgage and real estate, but we have A LOT OF YEAR LEFT TO GO. This week we talk about the topics most likely to be atop the conversation.

This week Ximena Munoz, our amazing Loan Processor, joins the show to discuss what it takes to have a seamless loan experience. Memo, Brian, and Ximena share practical steps and best practices you can put in place to give yourself the best chance at a smooth closing!

What do spending money, market liquidity, and inventory have to do with rates decreasing? In this packed episode we talk about it, in addition to: - Important things that have changed since the Fed meeting on February 1 - Why we can't use seasonal employment when qualifying loan applicants - How the mortgage market must become more creative in generating solutions for homebuyers and homeowner...

Jerome Powell and the Fed just raised the Fed Funds rate again, this time by 0.25% as expected. But more important than that was what Jerome had to say about it. In this episode we break down some of the repeated comments along with some new ones as we call out double speak and what lies ahead!

Rates rates rates! Everyone's talking about rates. They're lower than the summer & fall of 2022, but still a lot higher than the lows of 2020 and 2022.  - So where do we find ourselves one month into the new year?  - Who's getting homes already in 2023?  - Are you paying rent for the same amount as a mortgage payment?  - With less buyer competition, could this be the year you ge...

 We're only a few weeks into the new year and the headlines are already writing themselves. We discuss the housing themes that are beginning to reveal themselves, and we also cover the latest with Bank of America and Wells Fargo's "creative financing" solutions. Are they helpful or harmful? 

This week we have a product highlight conversation on the table. Brian and Memo discuss the 3 2 1 buydown. They also describe how people are using it in this market and the advantages it can give sellers AND buyers alike.  This tool can help buyers achieve a lower monthly payment during their first years of ownership. This tool can help home sellers move their home on the market quicker than their...

We're only into the second episode of our new show and there's already drama!?! We talk about the mechanics of home prices flattening, but will they crash?  And Was the Homeownership Society a Mistake? We debate this topic kinda of...don't let the media sell you down the river.

Welcome to our new show! We wanted to start of the year with a bang by introducing a new show format, "The Mortgage Heroes Podcast". Each week Memo, Brian and Andy will break down the latest in real estate and mortgage, dive into the details of what's going on in the markets, and talk about how you can WIN in real estate and mortgage in 2023! This week we take a look back at some of...