The Mortgage Reports Podcast

In this episode, mortgage expert Ivan Simental NMLS# 1762746, explores the benefits and drawbacks of adjustable-rate mortgages (ARMs) in the current economic climate. They discuss how ARMs differ from fixed-rate mortgages, and how they can be a good option for certain borrowers who are looking for lower initial payments or who plan to sell their home before the rate adjusts. Ivan also offers advic...

In this podcast episode, mortgage expert Shivani Peterson NMLS# 866955 discusses the topic of a 40-year loan term, including its advantages and disadvantages. She delves into how this extended loan term can affect a borrower's overall financial situation and explores some alternative loan options that may be more suitable for certain individuals. Shivani also offers some tips on how to determ...

In this episode, mortgage loan expert Ivan Simental NMLS# 1762746, shares insights into the requirements and challenges involved in obtaining a mortgage loan as a self-employed individual in 2023. Listeners will learn about the different types of mortgage loans available to self-employed individuals, the documentation required to qualify for a loan, and tips on how to increase their chances of qua...

Do you own a home that you hate living in, but choose to stay because your payment is low? If so, you might be wondering what your options are. In this episode, mortgage expert Shivani Peterson NMLS# 866955 discusses the following points:  Americans are moving less than at any time since 1948.  What are the possible reasons? If you feel trapped in a house you hate because of the super low rate – c...

In this episode, mortgage expert Shivani Peterson NMLS# 866955 discusses a concerning statistic in the real estate market: 39% of home buyers cannot afford a 5% down payment. She dives into the reasons behind this trend, including rising housing prices and stagnant wages. Shivani also explores potential solutions to help more people achieve homeownership, such as government programs and alternativ...

If you are searching for a home you've likely run into problems with low inventory. Mortgage rates are higher than they've been in years, new home construction has decreased, and many homeowners are staying put. In this episode, Ivan Simental NMLS# 1762746 discusses the issue of low housing inventory right now, what to expect in the coming months, and offers his advice to first-time home...

With the recent news of SVB bank filing for bankruptcy, you might be wondering how bank failure might impact real estate now and in the future. In this episode mortgage expert, Shivani Peterson NMLS# 866955 covers the following talking points,  The role the Fed plays The impact we’ve seen on interest rates and how that could continue How this may sway buyer confidence and demand for housing The Mo...

Homeowners and potential homeowners will see some major changes impacting mortgage costs in May 2023. While loan-level price adjustments have always existed, in this episode mortgage expert, Shivani Peterson NMLS# 866955 dives deeps into these NEW changes.  She discusses how they will impact mortgage interest rates and what they mean for homeowners. Later, she discusses strategies potential homeow...

Looking to make a big purchase? Need extra cash? Home equity lines of credit (HELOCs) are one of the cheapest forms of borrowing while credit cards are one of the most expensive. However, sometimes a credit card might be a better option. Other times, tapping your home equity could make more sense.  In this episode mortgage expert, Ivan Simental NMLS# 1762746 helps you to discover which may be a be...

New homeowners might try to avoid private mortgage insurance (PMI) at all costs. It's usually thought of as a "bad" thing that you don't want as a homeowner. However, there are many benefits to having PMI. In this episode mortgage expert, Shivani Peterson NMLS# 866955 discusses the benefits of having  private mortgage insurance. >> Read the article "Is PMI Bad? No. H...

Mortgage relief can come in many forms. Whether you need a lower rate and payment or a break from making payments altogether, there are options. In this episode, Ivan Simental NMLS# 1762746 >> Read the article "Mortgage assistance and relief programs | 2023" Learn more about home buying, refinancing, and real estate investing at themortgagereports.com The Mortgage Reports Podcast i...

Buying a home can make tax deductions a little better for homeowners! In this episode, Ivan Simental NMLS# 1762746 discusses 3 important tax deductions for homeowners. >>Read the article "How The Mortgage Interest Deduction Helps Homeowners" now on themortgagereports.com The Mortgage Reports Podcast is operated by Full Beaker, inc. NMLS# 1019791 Equal Housing Opportunity. Learn mor...

Have mortgage rates peaked? Will they continue to increase? When will they go down? In this episode mortgage expert, Ivan Simental NMLS# 1762746 provides a mortgage interest rates forecast for the rest of 2023. >>Read the article now on themortgagereports.com The Mortgage Reports Podcast is operated by Full Beaker, inc. NMLS# 1019791 Equal Housing Opportunity. Learn more about home buying, r...

With mortgage rates increasing, you might be wondering if buying a house or investing in real estate is even worth it this year. The big question is, If you buy a home in 2023, will it appreciate in the long run? The bigger question is, should you buy now or wait?  In this episode, mortgage expert Shivani Peterson NMLS# 866955 answers these questions and more:  If you buy a home in 2023, is it lik...

Home prices dropping dramatically nationwide. If you're thinking about buying a house in the future, you're probably wondering if you should buy now at a discounted price. You're probably also wondering if it's too risky to buy in today's higher-rate market. In this episode, mortgage expert Shivani Peterson NMLS# 866955 answers those questions and more:  How will rates imp...

Buying a house is a major financial commitment that comes with costs that you might now be aware of. Of course, there's the downpayment. However, there are other costs associated with owning a home.  In this episode, Ivan Simental NMLS# 1762746 discusses how much money you should realistically have saved before buying your first home. Later, he gives some great tips for starting to save money...

When preparing to get a mortgage and buy a new home, it’s important to do things beforehand in order to present yourself as a strong borrowing candidate. In this episode, Ivan Simental NMLS# 1762746 tells you what NOT to do before buying a house. Or, you can read the article What not to do before buying a house: 7 Mistakes to avoid The Mortgage Reports Podcast is operated by Full Beaker, inc. NMLS...

If you own a home you are probably worried about what will happen to your home value during a recession. With a recession predicted in 2023, let's discuss how that could affect your home value.  In this episode mortgage expert Ivan Simental NMLS# 1762746 has the answer to your question, "what will happen to my home value during a recession?" The Mortgage Reports Podcast is operated...

Are you getting ready to buy your first home in 2023? Maybe you're just now getting prepared? Are you confused about how to start the home-buying process?  In this episode mortgage expert Ivan Simental NMLS# 1762746 talks about the 5 most important things to know about buying a house in 2023.  The Mortgage Reports Podcast is operated by Full Beaker, inc. NMLS# 1019791 Equal Housing Opportunit...

We hear the same advice all the time - buy the worst house, in the best neighborhood. Is this always true? Are there times when it's actually better to buy the BEST house in the worst neighborhood? Is there a middle ground?  In this episode, mortgage expert Ivan Simental NMLS# 1762746 talks about the situations when buying the ugliest house on the block have paid off big time. Later, he discu...

We don't know about you, but the thought of sitting in a big new house without furniture or a completed yard sounds like a pretty bad situation. That is why when preparing to buy a house it's super important to account for all expenses. We're talking everything - beyond the downpayment and closing costs. You do not want to be "house poor" after purchasing your first home....

If you're looking to invest in real estate it's important to know which cities offer the most potential and return on your investment.  In this episode, Ivan Simental NMLS# 1762746 discusses the top 5 cities to invest in real estate.  The Mortgage Reports Podcast is operated by Full Beaker, inc. NMLS# 1019791 Equal Housing Opportunity. Learn more about home buying, refinancing, and real...

Buying a brand new, expensive, dream-home sounds amazing- in theory. However, in the long run, paying a mortgage on the home at the top of your budget is probably not the best decision. This doesn't mean you could never own your dream home, it just means that there is a more sound strategy to get you into that home over time.  In this episode, mortgage expert Ivan Simental NMLS# 1762746 discu...

Most home sellers and buyers wait until the warmer months to either list their homes or start house-hunting. With the changing housing market, maybe you don't want to wait that long. There are definite pros to entering the housing market in the Winter and over the holidays.  In this episode, mortgage expert Ivan Simental NMLS# 1762746 goes over the benefits and disadvantages you might face wh...

There are a lot of headlines in the news about mortgage interest rates. Some of these headlines are confusing while others are downright scary. It's important for you, as a current or future home buyer, to properly understand how to track and understand interest rates.  In this episode, mortgage expert Shivani Peterson NMLS# 866955 talks about some of the current headlines that may be mislead...