Wednesday, October 13th, 2021

This week, Debbie brings in Loan Officer Larry Ehrlich aka “Mortgage Dad,” to talk about the current climate of Mortgage and Real-Estate. Below are the topics that they hit on in this episode:

Check out the new Mortgage Mom Radio online merch store! The beer mugs are insane! SHOP NOW

Clients and audience members must text the word “mom” to the phone number 844-935-3634 (We Lend 4 You) to get updates and links. So do that TODAY!

How do you schedule a phone consultation with mom? BOOK NOW Get your free consultation today!

We are LIVE on YOUTUBE every Wednesday. Watch us record our show! Ask us your questions right in the feed or call in and we will answer them for you LIVE. Text “MOM” to 844-935-3634 for a weekly link to join when we get started.

Mortgage Mom Radio equips you with all the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and finally, watch our HOMEBUYER WORKSHOP SERIES on YouTube!

Debbie Marcoux is licensed by the Department of Financial Institutions under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, ID-167867, ID – MLO 2080237926, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926

Do you have lien’s against the title of your home? If you have a mortgage, you have a lien. There are other liens that could be filed against your home as well and maybe you don’t even know!  Consider the list below, do any of these sound familiar? if you are looking to refinance, we need to know if any of these things may have happened or could exist. It is very important to discuss everything you owe to everyone that you owe it, even if it might not be on your credit report.

  1. Home Equity Line of Credit
  2. SBA loan
  3. HERO loan
  4. Pace Loan
  5. Loan Modification
  6. Loan Deferment
  7. Down Payment Assistance
  8. Back Child Support
  9. Back Alimony
  10. IRS or State Tax balances

Check out the new Mortgage Mom Radio online merch store! The beer mugs are insane! SHOP NOW

Clients and audience members must text the word “mom” to the phone number 844-935-3634 (We Lend 4 You) in order to get updates and links. So do that TODAY!

How do you schedule a phone consultation with mom? BOOK NOW Get your free consultation today!

We are LIVE on YOUTUBE every Wednesday. Watch us record our show! Ask us your questions right in the feed or call in and we will answer them for you LIVE. Text “MOM” to 844-935-3634 for a weekly link to join when we get started.

Mortgage Mom Radio equips you with all the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and finally, watch our HOMEBUYER WORKSHOP SERIES on YouTube!

Debbie Marcoux is licensed by the Department of Financial Institutions under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, ID-167867, ID – MLO 2080237926, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926

 

Wednesday, August 25th, 2021

What happened on today’s show?

At the top of the show, Debbie and Heidi go into their segment, “Catching Up With Mom” where they reflect on their weekends. Heidi talks about Las Vegas and Debbie talks about Lake Havasu. Debbie pleads for her audience to contact her if they have any “mom” remedies to cure car sickness for children.

Debbie reminds her listeners that her team is open for business 7 days a week for phone appointments.

She is also excited to talk about the Mortgage Mom Radio Phone App is highly efficient and a great way to get things started. You can do EVERYTHING through that App. Heidi drills down on her favorite features of the App, especially the mortgage calculator. Heidi also gives great examples on how to use that calculator with various mortgage and lending-related scenarios, including mortgage insurance calculations. The efficiency of this App is awesome and it helps with giving a very realistic estimate for their clients.

Debbie and Heidi go on to discuss bonus income: Retention bonuses, guaranteed bonuses and sign-on bonuses.

Check out the new Mortgage Mom Radio online merch store! The beer mugs are insane! SHOP NOW

Clients and audience members must text the word “mom” to the phone number 844-935-3634 (We Lend 4 You) in order to get updates and links. So do that TODAY!

How do you schedule a phone consultation with mom? BOOK NOW Get your free consultation today!

We are LIVE on YOUTUBE every Wednesday. Watch us record our show! Ask us your questions right in the feed or call in and we will answer them for you LIVE. Text “MOM” to 844-935-3634 for a weekly link to join when we get started.

Mortgage Mom Radio equips you with all the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and finally, watch our HOMEBUYER WORKSHOP SERIES on YouTube!

Debbie Marcoux is licensed by the Department of Financial Institutions under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, ID-167867, ID – MLO 2080237926, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926

 

 

Wednesday, August 4th, 2021

  

On today’s show, Debbie brings in Team Member and Loan Assistant Heidi Slagle-Points to talk Lending, Mortgage, and Divorce. Although Heidi is “under the weather” on this segment, she pushes through and makes out like a champ while simultaneously sharing great information! Debbie also announces that her sound man, Drewin Young, is finally working on a new jingle for the Mortgage Mom Radio phone number and hoping to have it ready within the next few weeks.

As usual the girls go into their segment labeled “Catching Up with Mom” and proceed to morph the conversation into the ongoing trend of the Great Migration from California to other states that are less expensive. Debbie explains to her audience to always do their research on all aspects of other states (before making that final decision to leave their current state) when it comes to property taxes, groceries and even gardening. Heidi then adds on by pointing out that her internet is significantly more expensive living in Arizona compared to California.

They move into the hot and difficult topic of divorce where they set up various informative scenarios that deal with buying new homes while in the middle of the separation prior to the finalized divorce proceedings. They drill down on subjects of community property states versus non-community property states, joint accounts, alimony and child support and how to strategically work with these elements and how to properly use them to a client’s benefit.

How do you schedule a phone consultation with mom? BOOK NOW Get your free consultation today!

We are LIVE on YOUTUBE every Wednesday. Watch us record our show! Ask us your questions right in the feed or call in and we will answer them for you LIVE. Text “MOM” to 844-935-3634 for a weekly link to join when we get started.

Mortgage Mom Radio equips you with all the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and finally, watch our HOMEBUYER WORKSHOP SERIES on YouTube!

Debbie Marcoux is licensed by the Department of Financial Innovations under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, ID – MLO 2080237926, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926

Wednesday, July 28th, 2021

Our show is interactive and educational based on Debbie Marcoux, The Mortgage Mom, and her team’s opinions of the business. They are NOT financial advisors!

 

What did we talk about during this week’s show?

 

 

 

 

 

 

 

How do you schedule a phone consultation with mom? BOOK NOW Get your free consultation today!

We are LIVE on YOUTUBE every Wednesday. Watch us record our show! Ask us your questions right in the feed or call in and we will answer them for you LIVE. Text “MOM” to 844-935-3634 for a weekly link to join when we get started.

Mortgage Mom Radio equips you with all the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and finally, watch our HOMEBUYER WORKSHOP SERIES on YouTube!

Debbie Marcoux is licensed by the Department of Financial Institutions under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, ID-167867, ID – MLO 2080237926, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926

Wednesday, July 14th, 2021 – On today’s segment, Debbie brings in Loan Officer and Real-Estate Agent Heather Barkley-Kilpatrick to discuss important topics. They start off the show by answering comments and questions “live.” Debbie states that her show is FREE and that the goal of her show is to get her audience and clients educated on the Mortgage & Loan industry.

Debbie also makes an important announcement that her company is NOT affiliated with Movement Mortgage any longer for they are now with JMJ Financial. To avoid confusion and solicitation, Debbie asks that her audience members and clients should always contact her directly.

They talk about Bank Statement Loans and how beneficial that program can be for people that are self-employed.

Debbie explains a recent incident they had with a client after all the leg work had been done on the client’s loan. The story goes: The house the client was trying to buy was in complete shambles, but nobody knew that until the loan was on the verge of getting processed. Unfortunately, the client neglected to bring up the condition of the house. This situation can tie the hands of the lender. This incident also brings up the subject of Renovation Loans and how important it is for clients to always be upfront with their buying plans. Debbie claims that even if the house needs minimal remodeling, this needs to be disclosed to the lender. Debbie and her team will always lead her clients down the proper path if the clients are upfront and honest about their situation.

Debbie and Heather say that it is always a good time to buy, especially if you are buying a home to live in it. Real-estate is for the long term.

We are LIVE on YOUTUBE every Wednesday. Watch us record our show! Ask us your questions right in the feed or call in and we will answer them for you LIVE. Make sure to SUBSCRIBE to our channel and turn on your notifications to know when we get started. Or text “MOM” to 844-935-3634 for a weekly reminder link when we get started.

Mortgage Mom Radio equips you with all the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and finally, watch our HOMEBUYER WORKSHOP SERIES on YouTube!

How do you schedule a phone consultation with mom? BOOK NOW Get your free consultation today!

Debbie Marcoux is licensed by the Department of Financial Institutions under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, ID-167867, ID – MLO 2080237926, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926

 

Wednesday, July 7th, 2021 – On today’s show, Debbie brings in Team Member and Loan Assistant Heidi Slagle-Points once again to talk about the Mortgage/Lending industry. They start off the show with their segment “Catching Up With Mom” where they both reflect on their 4th of July weekend .

Heidi then asks the audience and future buyers to not pay off their debt if it’s already being included on their loan. This will substantially delay the process due to the tremendous amount of extra paperwork, etc..

This was the first week that Debbie took live calls with questions during the YouTube Live Stream. How do you call us with your questions and get to hear yourself on radio? Text “MOM” to 844-935-3634 to opt in for a reminder text message each week with the link to click when we go live. 

Here are some of the topics that came up during our live question and answer session this week:

 

 

We are LIVE on YouTube every Wednesday . Watch us record our show! Ask us your questions right in the feed or call in and we’ll answer them for you LIVE. Make sure to subscribe to our channel and turn on your notifications to know when we get started. or text “MOM” to 844-935-3634 for a weekly reminder link when we get started.

Mortgage Mom Radio equips you with all of the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and last but not least, watch our Homebuyer Workshop Series on YouTube! Mortgage Mom Radio

How do you schedule a phone appointment with mom? Call our office, 844-935-3634. Get your free consultation today! 

Debbie Marcoux is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, ID-167867, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926 | Heidi Slagle-Points CA NMLS ID 1666881

 

 

On today’s show, Debbie brings in Team Member and Loan Assistant Heidi Slagle-Points to talk shop and other interesting topics.

Debbie is excited to finally announce that her 1-800 number is now available, which also accepts texts.

They talk about Arizona heat vs. Southern California heat. The conversation leads to how now is the perfect time to get home improvements done. From putting in pools, replacing windows, air conditioning units breaking down, now is a great time to refinance and pull cash out for these repairs because interest rates are still good.

They talk credit card debt, lines of credit, blended rates/consolidation, equity loans vs. equity lines and the benefits of canceling mortgage insurance.

Debbie and Heidi drill down on FHA’s, modifications, conventional and USDA loans.

They educate their audience with details of deferment and forbearances and how it all works. She also tells her audience that disclosing forbearance/deferment history is imperative when talking with her team.

The Mortgage Mom Radio Team is there to help you every step of the way! Debbie also talks about the efficiency of her new phone App and how interactive it is for her audience. All you have to do is reach out!

We are LIVE on YouTube every Wednesday at 5 PM. Watch us record our show! Ask us your questions right in the feed, we’ll read those and answer them for you. Make sure to subscribe to our channel and turn on your notifications to know when we get started.

Mortgage Mom Radio equips you with all of the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube! Mortgage Mom Radio

How do you schedule a phone appointment with mom? Call our office, 844-935-3634. Get your free consultation today! Do you want our phone app to have the tools you need at your fingertips? Click the link: PHONE APP

Debbie Marcoux is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926 | Heidi Slagle-Points CA NMLS ID 1666881

Mortgage Mom Radio airs weekly focusing on topics that will educate our listeners around mortgage lending. This week Debbie is joined by returning guest Escrow Officer Jennifer Davidson to continue the 2021 Homebuyers Workshop series by covering what escrow is and important tips to move your loan smoothly through the loan process.

We are LIVE on YouTube every Wednesday at 5 PM. Watch us record our show! Ask us your questions right in the feed, we’ll read those and answer them for you. Make sure to subscribe to our channel and turn on your notifications to know when we get started.

Mortgage Mom Radio equips you with all of the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube! Mortgage Mom Radio

How do you schedule a phone appointment with mom? Call our office, 844-935-3634. Get your free consultation today! Do you want our phone app to have the tools you need at your fingertips? Click the link: PHONE APP

Debbie Marcoux is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926 | Heidi Slagle-Points CA NMLS ID 1666881

Mortgage Mom Radio airs weekly focusing on topics that will educate our listeners around mortgage lending. This week Debbie and Heidi discuss the new Experian Boost feature and explain everything you need to know if you are about to apply or are in the middle of applying for a mortgage.


In This Issue

“It is not in the stars to hold our destiny, but in ourselves.” – William Shakespeare

Please feel free to forward this newsletter to friends, family or co-workers who may find it helpful.

What To Watch

Sell in May and Go Away – Explained

Each spring, the same phrase pops up for stock investors: “Sell in May and go away.” It’s important to track, as generally stocks go down, and so do rates.

That question is whether or not stock market investors will see “Sell in May and go away” this season. Yahoo Finance tells us that the full axiom was originally, “Sell in May and go away, and come on back on St. Leger’s Day.” It has its roots in the city of London. Financial professionals would go on holiday in May for approximately four months to escape the summer heat and return for the St. Leger derby in mid-September. Traders and bankers in the U.S. appropriated the aphorism over the years and condensed it to its current form.

The current form is based on the historical tendency for the stock market to produce its best gains between Halloween and May Day (the so-called “winter” months) and to produce well-below-average returns the other six months of the year (the “summer” months).

We did not see “Sell in May” last year, as the stock markets were on a big surge higher after the huge losses seen in March due to the shutdowns. But with stocks at record high levels and high market volatility, there is a possibility of a move lower in stock prices after earnings season winds down at the end of the month. Despite never-ending stimulus, which stocks love, they cannot go straight up, and corrections big and small are always healthy and expected.

If this were to occur, it could shift some investing dollars from stocks into bonds, which would help to further stabilize or cap the recent rise in mortgage rates that was seen from mid-January until the end of March.

If “Sell in May” does not take place this year, do not get too worried. The Federal Reserve continues to try and hold rates at historically low levels and will do so until we see full employment and ideal inflation. Can mortgage rates increase marginally if the economy continues to grow? Yes, that would be normal in an an expanding economy. If the economy is strong, and if the job market continues to rebound, modestly higher rates should not be a deterrent to homeownership.

Bottom line: Rates are still historically low, and now is still a great time to either refinance or consider purchasing a home.

Source: Mortgage Market Guide

 

Housing News

2021 Housing Market Predictions

The housing market is tricky to predict, especially since 2020 was a year full of unpredictability. Although no one can forecast what will happen with entire certainty, housing trends can give you an idea about what to expect when it comes to buying or selling a home.

It should come as no surprise that 2020 saw huge fluctuations in the housing market as the country was hit with massive amounts of unemployment and extensive shelter-in-place orders. However, the housing market saw an uptick in pending home sales and rebounded much faster than other sectors of the economy. In fact, 2020 was a record-breaking year for the market with 5.64 million homes sold, the most since the Great Depression.

For 2021, experts predict that the housing market will continue to thrive, thanks to several key features:

While 2021 looks to be competitive for buyers, resulting in quick-selling homes and higher prices, sellers should feel pretty good about the housing market. Reach out to your real estate expert if you’re ready to make the jump in 2021.

Sources: Financialsamurai.com, Daveramsey.com, Noradarealestate.com

 

Home Improvement

Turn an Old Dresser Into a Unique Sink

Have you ever gotten the urge to turn an old piece of furniture into something fabulous but were scared about tackling the project? Don’t let your fears get in the way of creating a unique sink out of an old dresser. Not only will the outcome look stunning, but you can save the money you would spend on a brand-new piece.

  1. Select a dresser that fits the space and make sure it’s sturdy. It’s best to use one that’s made out of solid wood to support the weight of the sink and faucet.
  2. Purchase a drop-in sink and place it upside down in the center of the dresser’s top. Trace an outline of the sink and draw a line about 1 inch inside the line to mark the cut line.
  3. Use a jigsaw drill and cut the sink hole out of the dresser.
  4. Coat the dresser top with water-based polyurethane. You might need to apply four or five coats.
  5. When the top is dry, apply a bead of clear caulking around the rim of the opening. Set the sink on top and press down lightly.
  6. Use the jigsaw to cut a square out of the back of the dresser for plumbing.
  7. Secure the dresser to the wall.
  8. Attach the faucet and plumbing to the dresser. Make sure to remove the drawers so you can access the area better.
  9. Cut out indents in the drawers so the plumbing fits.

There’s no better time to get started on a DIY project. Even if you don’t have an old dresser just lying around, a quick stop at an antique store can get you started on this unique project.

Sources: Anoregoncottage.com, HGTV.com, Thisoldhouse.com

 

Q&A

Can You Qualify for a Mortgage Without Credit?

QUESTION: How do you qualify for a mortgage with no credit?

ANSWER: It is possible to obtain a mortgage if you have little or no credit, but you might need to look a little harder to find the right mortgage. Also, you might need to provide additional documentation to prove that you have a history of paying bills on time.

It’s important to remember that there’s a difference between having poor credit and having no credit. With poor credit, you’ve had a few bumps and may have a low credit score as a result. Although you might be able to qualify for a mortgage with a low score, you could end up paying a higher interest rate compared to someone with a higher score.

On the other hand, if you have no credit, that means you don’t have a history of dealing with credit accounts. As a result, it’s difficult for creditors to determine your risk since there’s nothing for them to gauge about loaning you money.

There are many options to obtain a mortgage without credit. Some mortgages have more lienint guidelines such as Government backed mortgages (FHA, VA or USDA). Other options include conventional mortgages through Freddie Mac or Fannie Mae. Each lender and loan program has its own requirements, but you usually need to make 12 months of on-time payments to two or three continuing obligations, such as utilities, insurance, and housing.

Just because you don’t have any credit, it doesn’t mean you won’t qualify for a mortgage. If you’re still unsure which way to go when it comes to finding a mortgage, reach out to your loan officer who can guide you.

Sources: Daveramsey.com, Nerdwallet.com


We are LIVE on YouTube every Wednesday at 5 PM. Watch us record our show! Ask us your questions right in the feed, we’ll read those and answer them for you. Make sure to subscribe to our channel and turn on your notifications to know when we get started.

Mortgage Mom Radio equips you with all of the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube! Mortgage Mom Radio

How do you schedule a phone appointment with mom? Call our office, 844-935-3634. Get your free consultation today! Do you want our phone app to have the tools you need at your fingertips? Click the link: PHONE APP

Debbie Marcoux is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926 | Heidi Slagle-Points CA NMLS ID 1666881