Talking to Borrowers About Mortgage Interest Rates

D.O. discusses important aspects of mortgage interest rates and how they can impact the home buying process. Learn about interest rate fluctuations, rate options, and the role of financial needs in choosing the right mortgage.
Key Points for Loan Officers to Explain:
- Understand how mortgage interest rates change daily based on bond market trading.
- Discover the importance of choosing a mortgage tailored to your financial needs, wants, and goals.
- Learn how your interest rate can vary within a quarter percent range.
- Find out about the three options for mortgage financing that best suit your individual situation.
- Gain insights on the significance of factors like real estate taxes and homeowner's insurance in your home-buying journey.
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00:00 Introduction and Mortgage Broker Compensation
00:39 Understanding How Mortgage Interest Rates Work
01:15 Rate Ranges and the Factors That Matter More
02:29 Choosing the Right Mortgage Option

[@calpark6183]

DO at it again w great tips

[@TheLoanOfficerPodcast]

Glad to hear you enjoyed the video!🙏🏼