Understanding Rate Locks, PMI and Appraisal Gap Coverage with Mike Bower

The Brad Weisman Show

Brad Weisman

The Brad Weisman Show, Business, Entrepreneurship, Homes, Society & Culture, Brad Weisman, Relationships, Life Stories, Real Estate, Real Life

5 • 829 Ratings

🗓️ 3 August 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hi This is Brad Weisman - Click Here to Send Me a Text Message Did you KNOW that the term Mortgage means "DEATH PLEDGE"? YIKES!!! Mike Bower of CMG Home Loans is back with Brad Weisman to discuss RATE LOCKS, PMI (private mortgage insurance), and Appraisal Gap Coverage. Things you need to know when you are purchasing a home! Ever question the real implications behind the term 'mortgage'? Get ready to have your mind blown as Mike Bower, our mortgage whizz, takes us through...

Transcript

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0:00.0	Are your kitchen and bathroom way overdue for a remodel?
0:04.0	Well, I got the guy for you.
0:05.1	Call John Sellers at First Response Contracting, 484-256-7136, both residential and commercial services, and he's licensed and insured.
0:15.4	Call him at 484-256-7-136, First Response Contracting.
0:22.9	Hello, this is Brad Wiseman.
0:25.0	You're listening to Real Estate and you.
0:27.1	We're back in the studio with another fantastic show, of course.
0:31.5	We have a repeat guest.
0:33.0	He comes in here once every so often, and he gives us all kinds of information about that very
0:39.7	interesting topic of mortgages. It's a very interesting topic, right? Mike Bowler? Yeah,
0:44.8	absolutely. Mortgage. It's just really fun to talk about. Oh, you know what it means, right?
0:51.0	What does it mean? Death pledge. Death pledge. Is that what actually mortgage means?
0:55.3	It does.
0:56.1	I've been doing this for 31 years now.
0:59.1	Yeah.
0:59.5	And I never knew that.
1:01.2	It means death pledge.
1:02.8	You know, I think the marketing is better with mortgage.
1:05.6	I've been trying to, you know, maybe not put that out there, but I figured why not.
1:10.6	Hugo, did you know that?
1:11.7	No.
1:12.3	That's, I've learned something.
	...

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