4 Ways to Cut Your Mortgage Costs

Motley Fool Answers

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4.4 • 823 Ratings

🗓️ 9 May 2017

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Getting a great deal on a mortgage can save you a heap of money in the long run. Motley Fool Analyst Nathan Hamilton is back to share his advice for how to cut your mortgage costs. We’ll also answer your question about whether the Shiller Ratio is keeping Bro up at night and see how we all compare to the average homeowner.

Thanks to Harry’s for supporting Motley Fool. Get your Free Trial Set – go to Harrys.com/fool

Transcript

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0:00.0	This episode of Motley Fool Answers is brought to you by Rocket Mortgage by Quicken Loans.
0:03.7	When it comes to the big decision of choosing a mortgage lender, work with one that has your best interests in mind.
0:09.1	Use Rocket Mortgage for a transparent, trustworthy home loan process that's completely online at Quickenloans.com slash Fool.
0:16.5	We also want to thank Harry's for supporting Motley Fool answers.
0:19.5	Get your free trial set, including
0:21.4	a razor handle, five-blade cartridge, and shave gel. Just go to Harries.com slash Fool.
0:26.6	This is Motleyful Answers. I'm Alison Southwick and I'm joined as always by Robert Brokamp,
0:34.1	personal finance expert here at the Motley Fool. Well, hello, I'm awesome.
0:38.3	Hello.
0:39.2	In this week's episode, we're joined again by Nathan Hamilton with tips on how to get the best mortgage.
0:44.3	We'll also answer your question about the Schiller ratio.
0:48.4	Current levels, troubling, am I right?
0:51.7	And see how you compare to the average homeowner.
0:54.9	All that and more on this week's episode of Motleyful Answers.
0:58.6	It's time for Answers Answers, and today's question comes from Carl.
1:02.1	He writes, does the Schiller ratio's current level give you concern given the precedent set in 1929 and 2000?
1:10.2	There's a lot that I need you to back up and explain.
1:12.9	Okay. Well, let's start with talking about Schiller. And that is Robert Schiller. He's
1:16.7	a Yale economist and a Nobel Prize winner. I think most people became familiar with
1:21.7	Schiller based on his book in 2000 called Irrational Exuberance. It's actually a phrase that came from an Alan Greenspan
1:28.7	speech in 1996. Greenspan says he came up with it while taking a bath, which is when he wrote
1:33.3	most of his speeches. And there were some question about whether Alan Greenspan came up with
	...

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