Coronavirus: Mortgage Market Part One

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 11 July 2020

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

When it comes to finding a mortgage for a new home purchase or a refinance, there’s more to consider than simply getting a low interest rate. That's why we're bringing on Mike Raimi, Managing Director at Luxury Mortgage Corp. Mike covers all the usual topics, such as a 15 or 30 year mortgage, who should (and should not) be looking to refinance, and how the real estate market has changed, if at all, given what's going on with the pandemic. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Are you ready for a Monzo Business Bank Account?
0:03.3	Heather from the Accountant's Growth Club was,
0:05.3	knowing what cash I have is really important and Monzo Business makes it easy.
0:09.8	It automatically puts 20% of my income into a tax pot.
0:14.0	When it's time to pay your VAT, I always know the money's there.
0:17.0	If you're ready for a Monzo business account, apply today.
0:20.0	Just search Monzo Business. Only sole traders or limited company directors in the UK can apply.
0:25.0	Get tax pots with Monzo Business Pro for £5 a month.
0:28.1	Te's and sees apply.
0:29.3	Welcome to the Jill on Money Coronovirus Market Update. It is Saturday, July 11th.
0:41.0	And I think that one of the tiny little glimmers of positive aspects to the
0:48.5	pandemic is that mortgage rates have fallen dramatically.
0:55.3	So what we decided was we needed some time here
0:58.1	to kind of let the market shake out a bit,
1:00.4	but we had to bring on our favorite mortgage maven
1:05.4	mortgage Mike Mike Ramey.
1:07.3	He's the managing director of luxury mortgage.
1:10.6	And it doesn't mean you only do luxury mortgage. That's kind a I don't know that's not a great name of a company Michael
1:15.8	It can be misleading, but rest assured we can accommodate financing for any price home. There you go.
1:24.0	Okay, so it must have been a pretty, it has been a crazy year for you so far.
1:30.0	I want to wind the clock back a little bit.
1:32.0	There seemed to be a period I want to wind the clock back a little bit.
	...

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