The Mortgage Brothers Show

Up to date news, tips, and advice, so you can make real estate decisions with confidence.

How to Skip 2 Payments On Your Mortgage?

10-31-2020About MortgagesEddie Knoell

Did you know it’s possible to skip two mortgage payments? Well, we’re going to dig into just how you can do that.


Buying a House with a Cash Offer and Simultaneously getting Mortgage Financing

10-26-2020About MortgagesEddie Knoell

Sometimes a borrower feels that the only way they can win a house is to pay cash for it. They’ve been beaten before. They’d found their perfect home, but they just couldn’t compete. Most times you’ll find that dream house again. We find there’s time, that when people do, they don’t want to mess around, they want to pay in cash. They have access to it, but it’s not theirs, rather it’s, say, their parents or a family member’s. They know they need to do something with a loan, but they’re not sure how to go about it. So, they reach out to us and we get the question of how to buy a house with a cash offer while simultaneously getting mortgage financing.


What is an Example of a Mortgage Recast?

10-21-2020About MortgagesEddie Knoell

In this episode, we covered mortgage recasts. Normally, this question comes up when a borrower has newly come into a lump sum of money, be it from a recent inheritance, a bonus, or through selling a house, and are interested in a principal reduction.

There two common ways of dealing with the new influx of cash: 1) Recasting your mortgage, 2) Paying down on the principal without a recast


Grossing Up Your Income… what does that mean?

10-19-2020About MortgagesEddie Knoell

You can think of grossing up as extra credit. Now, this isn’t extra money. It doesn’t go into your bank account, but it is an additional amount we can put on paper when it comes to applying for a loan.


Do Bi-Weekly Mortgage Payments Save You Money?

10-07-2020About MortgagesEddie Knoell

In this episode, we’re talking about splitting up your mortgage payments. There is a lot of ideas and strategies out there on how to pay off your mortgage early, and one of the top questions we receive is around changing up your once per month payments, and breaking it up into bi-weekly mortgage payments. Does it help? Does it save you money? Let’s dig in break it all down.


How Fast is Too Fast to Close a Mortgage Loan to Purchase a House?

10-05-2020About MortgagesEddie Knoell

In this week’s episode, we went over a common question we get asked all the time: How fast can we close on your mortgage loan for a home purchase?

We’ve heard every variation of this: I need it real quick, I heard someone online can do it in a week, I need to buy the house right now.

And we’re not surprised.