Nuts and Bolts of Obtaining a Mortgage and How to Cut Closing Costs
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 4 February 2008
⏱️ 35 minutes
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Summary
Transcript
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| 0:00.0 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:07.2 | investing, taxing. |
| 0:09.2 | You've got financial questions, he's got financial answers. |
| 0:12.8 | It's Brian Preston, the money guy. |
| 0:16.0 | Welcome to The Money Guys Show. |
| 0:17.0 | I'm your host, Brian Preston. |
| 0:18.8 | I am a certified financial planner, a certified public accountant, and by day I'm a fee-only |
| 0:23.6 | wealth manager. |
| 0:25.2 | I'm here to try to restore order to your financial chaos and go beyond common sense. |
| 0:30.2 | What we're talking about today, when I start to wonder what am I going to talk about with |
| 0:34.0 | you guys? |
| 0:35.0 | I'm always amazed how things just fall in my lap. |
| 0:37.6 | What's happened, if we're looking for a silver lining and all this craziness that's |
| 0:41.2 | gone on in the equity markets where we've had the ups, the downs, there's one big silver |
| 0:46.3 | lining that has impacted my own personal financial life in the last two weeks, so I figured |
| 0:51.1 | I'd share it with you guys. |
| 0:52.3 | That is that mortgage interest rates on the 15-year and 30-year fixed-term rates are |
| 0:59.6 | actually in a great period to consider refinancing, or if you're buying a brand new house, this |
| 1:05.3 | is a great time to be locking in on some of these 15-year and 30-year rates. |
| 1:09.4 | Why am I saying that? |
| 1:10.4 | Because I'll tell you when I bought my house in 2004, the fixed rates, like on the 15-year |
| 1:16.4 | and 30-year, were much higher than the arm products. |
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