Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE”. This week, we answer the question: Do I have to pay closing costs on a VA Loan? Yes.  A veteran has to pay closing costs on a VA loan.  While an eligible veteran can do 100% financing up [...]

Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE”. This week, we answer the question: “ What does an underwriter do?"

Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE”. This week, we answer the question: “Why is it important that the underwriting is done in office?"  Most companies have their underwriting done in a centralized facility, far away from where the loan is actually being done.  Having in-office underwriters makes the loan process run much more smooth and cuts down the time for loan approval. Say one of our underwriters has a question about an application, they can easily walk down the hallway to speak with the Loan officer about this and solve any problems or questions right then and there.  Or conversely, if a loan officer has a question on a borrower, the can walk down to the underwriter ask how they would handle the situation. Having in-office underwriting is a huge reason why our current clear to close time is 9.88 days on all VA and conforming loan Thank you for tuning into this Joe Knows Mortgages MINUTE If you have any home loan related questions, we want to hear from you! SO please comment down below! Also, please feel free to like and share this information with your family and friends. See you again next Monday!

For every home and every situation, the process can vary. At Morgan financial, we work closely with you through every step of the loan process to make sure that it goes as smoothly and timely as possible.  Typically, real estate contracts are written for 30 days.  This should be ample time to complete a loan. [...]

You know what that means? Another loan is clear to close in less than 10 days here at Morgan Financial. We hear that whistle a lot! Now, what exactly does it mean to be "clear to close"? Being clear to close is a fantastic position to be in as a buyer. When you are [...]

Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE”. This week, we answer the question: “What are points and when do you pay them?” Points are fees that a borrower pays directly to their lender at their closing, in exchange for a lower interest rate. 1 point [...]

Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE”. This week, we answer the question: "When is a good time to consider a Cash Out Refinance?" With current interest rates hovering around a 9-month low, home equity at an all-time high, and home values as high as [...]

The year 2018 may have come to an end, but Joe Know Mortgages Minute has not! We just enjoy making these videos too much. Please enjoy this blooper reel and get excited for what we have planned for 2019! Cheers!

Can you refinance a VA Loan?  Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE”. This week, we answer the question: Can you refinance a VA Loan? The Answer is yes. If you are a qualified Veteran you can choose to refinance your VA Loan. This often allows [...]

What is a Cash Out Refinance? Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE”. This week, we answer the question: What is a Cash Out Refinance? A Cash out Refinance is when you replace your current mortgage with a new loan that allows you to pay off your current balance and uses the available equity in your home to give you additional funds for other purposes such as home improvement, debt consolidation or home repairs.  This might also be a great option for those looking to lower their interest rate.  If you have any questions on doing a cash out refinance, then please contact us here at Morgan Financial for sound advice. Thank you for tuning into this Joe Knows Mortgages MINUTE If you have any home loan related questions, we want to hear from you! So please comment down below! Also, please feel free to like and share this information with your family and friends. See you again next Monday!