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Ep 15: Mailbag – Inheriting a Mortgage, Home Improvements, and More

With various changes in the market, many listeners have questions about the mortgage process and what they should expect in the coming weeks and months. On today’s episode, we’ll break down each question and the vital things you need to consider when looking for your next home.

What you’ll learn on this episode:

  • Sean is inheriting a home that has a mortgage on it. Will he be responsible for that mortgage immediately or does he need to take out his own mortgage on the property? (4:34)
  • Dave’s been told to shop around for a mortgage. But won’t all mortgage rates be pretty similar? Just how big of a percentage difference is there? (6:05)
  • Are there big differences between lenders? What can you expect from who? (8:27)
  • Peter has a chunk of cash to put towards his home. Should he use it to wipe out his mortgage or towards home improvements, thus increasing the value? (10:17)

If you have questions about the mortgage process of buying a home or the ins and outs of refinancing, take advantage of our complimentary 15 minute mortgage consultation.

 

QUOTABLE MORTGAGE MOMENT: 

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