Welcome to The Truth About Lending Podcast, your weekly deep dive into Florida's dynamic real estate, loan and mortgage world, hosted by seasoned expert Melinda Payan, owner and president of The Truth About Lending. A licensed Loan Originator for over 25 years, Melinda offers practical, honest advice and guidance that is perfect for both loan specialists and homebuyers. Join Melinda as she sheds light on the intricacies of real estate and mortgage processes in Florida, discussing topics from ...
…
continue reading
![Artwork](/static/images/128pixel.png)
1
What Are The Differences Between Fannie Mae, FHA And Freddie Mac
8:52
8:52
Play later
Play later
Lists
Like
Liked
8:52
Welcome to Mortgages with Melinda! Today, we're unraveling the complexities of Fannie Mae, Freddie Mac, conventional loans, and FHA loans. Confused about these terms? You're not alone. Let's start with conventional loans. Think of them like hamburgers — whether it's Burger King, McDonald's, or Wendy's, they're all burgers. Similarly, Fannie Mae and…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
An In-Depth Look At How Interest Rates Affect The Housing Market
13:16
13:16
Play later
Play later
Lists
Like
Liked
13:16
Welcome everyone to this week's Mortgages with Melinda! Today, we're delving into a detailed analysis of how interest rates impact the housing market. As we enter the summer of 2024, interest rates have slightly declined, and there's anticipation they may continue to drop further as indicators of controlled inflation emerge, potentially prompting t…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
How To Buy A House With As Little Money As Possible
6:56
6:56
Play later
Play later
Lists
Like
Liked
6:56
Welcome to this week's Mortgages with Melinda! This week, we're diving into strategies for buying a house with minimal out-of-pocket expenses. There's a common misconception that you need a hefty 20% down payment to qualify, whether you're a first-time buyer or seasoned homeowner. Did you know you can secure an FHA loan with a low down payment, reg…
…
continue reading
Welcome to this week's Mortgages with Melinda! This episode, we're delving into the top mistakes borrowers make when applying for a mortgage. Whether you're gearing up to buy a home or in the midst of refinancing, these pitfalls are crucial to avoid. Keep up with the latest Florida real estate market news by joining us weekly! NMLS #1054357 | FL Li…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
xA Candid Discussion About VA Loans And The Unfortunate Discrimination Our Veterans Face
9:29
9:29
Play later
Play later
Lists
Like
Liked
9:29
Welcome to this week's Mortgages with Melinda! Today, we're diving into a candid discussion about VA loans and the unfortunate discrimination many veterans face when using VA financing to put in an offer. It's widely known how challenging it can be for veterans to get their VA loan offers accepted, but why does this discrimination persist? There's …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Get Mortgage Ready - Tips On How To Improve Credit Scores Now - What Lenders Look For
8:41
8:41
Play later
Play later
Lists
Like
Liked
8:41
This week with Mortgages with Melinda, we're diving into how to get mortgage ready. What can you do to improve your chances of getting the best possible rate and making the underwriting process smoother? First and foremost, you want to present your credit in the best light. Aim to pay down any credit card debt at least 45 days before applying for a…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
A Discussion About Terms In The Mortgage Industry
14:30
14:30
Play later
Play later
Lists
Like
Liked
14:30
In this session of Mortgages with Melinda, we're diving into essential mortgage terms every homeowner should know. Whether you're new to owning a home or looking to refresh your knowledge, this episode has you covered. Today, we're starting with the term "escrow." Escrow serves two main purposes in the homebuying process. Initially, it involves pla…
…
continue reading
This week on Mortgages with Melinda, we're diving into the exciting return of the Hometown Heroes program this July. It's great news as the state has committed full funding once again. Previously, the program faced funding shortages but is now set to provide substantial support. To qualify, you must be a first-time homebuyer in Florida, meaning you…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Florida Insurance Key Insights with Brian Hodgers from Complete Choice Insurance
1:01:19
1:01:19
Play later
Play later
Lists
Like
Liked
1:01:19
Welcome to this week's episode of Mortgages with Melinda. Today, we're diving into essential insights on Florida insurance. Joining us on this episode is a special guest, Brian Hodgers, owner of Complete Choice Insurance. Brian has over 23 years of experience as an insurance agent and owns multiple offices across Florida. He's renowned for his expe…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Banks vs Mortgage Brokers Understanding the Differences
12:39
12:39
Play later
Play later
Lists
Like
Liked
12:39
Welcome to Mortgages with Melinda! Today, we're discussing the differences between banks and mortgage brokers and why you might want to choose a mortgage broker over a bank. Key Differences: When you go to a bank, you're limited to the products they offer, which are typically standard options. Banks often don't provide better rates or experiences c…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Getting Mortgage Ready: Boost Your Credit
14:18
14:18
Play later
Play later
Lists
Like
Liked
14:18
Welcome to today’s episode! We're sharing key tips to boost your credit score, making you mortgage-ready, whether for a new home or refinancing. Why It Matters: A higher credit score means better loan terms and lower interest rates. Key Tips: Manage your debt by paying more than the minimum on your credit cards. Keep your balance below 30% of your …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
A Closer Look at Financing Differences in the Florida Condo Market
17:19
17:19
Play later
Play later
Lists
Like
Liked
17:19
Today, we're diving into the specifics of financing a condo in Florida. Our YouTube channel is packed with information on condo financing, but in this episode, we're taking a closer look to see if anything has changed and to share some crucial tips to help you navigate the process. Whether you're a buyer, seller, or an agent assisting clients, unde…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
The Comprehensive Guide to Buying Investment Properties
14:39
14:39
Play later
Play later
Lists
Like
Liked
14:39
Welcome to today’s episode! We’re covering everything you need to know about buying investment properties and accessing equity if you already own one. First, determine your budget and discuss financing options with our loan officers. Investment property financing differs from primary residences, with conventional loans having stricter rules and alt…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Is Consolidating Debt Through Refinancing a Smart Move
40:17
40:17
Play later
Play later
Lists
Like
Liked
40:17
In today's episode, we're diving into whether it's a smart decision to consolidate debt through refinancing, especially considering the recent spike in interest rates. Many homeowners currently enjoy low mortgage rates but face higher rates on other debts. We'll explore your options: What actions can you take, and under what circumstances does refi…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Guide to the Mortgage Pre-qualification Process in Florida
8:32
8:32
Play later
Play later
Lists
Like
Liked
8:32
Welcome to this week's session on navigating the mortgage pre-qualification process! I'm Melinda Payan, proud owner of The Truth About Lending, and I'm thrilled to have you join us for this crucial discussion. In today's session, we're unraveling the mystery behind getting pre-qualified or pre-approved for a mortgage. What exactly does that entail?…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Smart Moves for Managing Student Debt When Applying for a Mortgage in Florida
5:40
5:40
Play later
Play later
Lists
Like
Liked
5:40
Understanding how student loan debt affects qualifying for a mortgage and strategies that can be used. Join us for an insightful discussion on the intersection of student loan debt and mortgage applications! When you're gearing up to get prequalified for a mortgage, your total student debt becomes a crucial factor in the equation. Whether you're ac…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Exploring Loan Options for Foreign Nationals in Florida
17:22
17:22
Play later
Play later
Lists
Like
Liked
17:22
Welcome to this week's insightful session on foreign national loans! In today's discussion, we're diving deep into understanding the nuances between permanent resident aliens and non-permanent resident aliens, alongside exploring the diverse landscape of foreign national loans. If you've ever wondered about the distinction between these classificat…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Don't Buy the Hype - Florida Real Estate Today vs. 2008
25:59
25:59
Play later
Play later
Lists
Like
Liked
25:59
Welcome to this week's podcast with The Truth About Lending! Join us as we take a deep dive into the complex landscape of the current housing market. We're here to debunk common misconceptions and provide you with the facts you need to make informed decisions. Firstly, let's address the elephant in the room: It is not 2008 and we are not on the ver…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Your Guide to Understanding No Income Verification Loan Choices in Florida
28:57
28:57
Play later
Play later
Lists
Like
Liked
28:57
Welcome to this week's Lunch & Learn with Melinda! Today, we're diving into a comprehensive guide on no income verification loans, exploring the options available to you. What exactly is a no income verification loan or alternative income documentation loan? How does it differ from loans of the past? Who is it for? These are all excellent questions…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Expectations Versus Reality in Multifamily Property Investments in Florida
32:51
32:51
Play later
Play later
Lists
Like
Liked
32:51
Welcome to this week's Lunch and Learn with Melinda! In today's episode, we're delving into the intriguing realm of multifamily properties. Join us as we explore the stark contrasts between expectations and reality when it comes to purchasing and investing in these types of properties. We'll tackle the fundamental question: What exactly constitutes…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Adapting to National Association of Realtors (NAR) Evolution: Lenders' Insights
24:56
24:56
Play later
Play later
Lists
Like
Liked
24:56
Welcome to Lunch and Learn with Melinda - your go-to channel for insightful discussions on the world of lending and real estate in Florida. In our second look at the implications of the National Association of Realtors (NAR) $418 Million settlement, we will offer a lender's unique perspective. It's important to note that the situation is still evol…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
A Lender's Perspective on the National Association of Realtors (NAR) Changes
48:29
48:29
Play later
Play later
Lists
Like
Liked
48:29
Welcome to Lunch and Learn with Melinda - your go-to channel for insightful discussions on the world of lending and real estate in Florida. Currently, we're exploring the implications of the National Association of Realtors (NAR) $418 Million settlement and offering a lender's perspective. It's important to note that the situation is still evolving…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Condo Financing in Florida: Embracing the Changes and Challenges
43:30
43:30
Play later
Play later
Lists
Like
Liked
43:30
Today, we're diving deep into the intricacies of condo financing in Florida. Why is condo financing different, and what challenges and changes have occurred over the years? The uniqueness stems from the high concentration of condos in Florida compared to other states, leading to stricter guidelines post the economic crisis of 2008-2010 and further …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
The Complete Roadmap to Purchasing a House in Florida
57:06
57:06
Play later
Play later
Lists
Like
Liked
57:06
An in-depth look at the house buying process. In today's Lunch & Learn, Melinda will walk you through the entire process of buying a house in Florida. From pre-approval to the underwriting process to inspections to closing, this video contains a bevy of valuable information for anyone looking to purchase a home. With a lack of clear education about…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
FHA and VA Loans: Separating Myths from Facts
42:30
42:30
Play later
Play later
Lists
Like
Liked
42:30
In today's Lunch & Learn with Melinda, we're exploring FHA and VA loans, demystifying common misconceptions and highlighting their unique benefits. We'll start by differentiating between conventional loans, such as those offered by Fannie Mae, and government-backed FHA and VA loans. FHA loans, insured by HUD, provide lenders with a level of securit…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Down Payment Assistance Programs for Florida Homeowners
22:28
22:28
Play later
Play later
Lists
Like
Liked
22:28
Join us in this informative 30 minute episode of Lunch & Learn with Melinda, brought to you by The Truth About Lending. We're diving deep into the world of down payment assistance for Florida homeowners. Whether you're a first-time homebuyer or someone looking to understand the various programs available, this session is for you. Melinda, with her …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Understanding Escrow Shortages in Florida Homeownership
28:40
28:40
Play later
Play later
Lists
Like
Liked
28:40
Join Melinda in this informative 30-minute Lunch & Learn session as we delve into the topic of resolving escrow shortages in homeownership. Learn about the basics of escrow, what it means to escrow for taxes and insurance, and the implications of not putting down 20% on a property. Discover the importance of maintaining a cushion in your escrow acc…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Smart Credit Moves to Unlock Lower Rates & Down Payment
46:53
46:53
Play later
Play later
Lists
Like
Liked
46:53
In our latest podcast, we delve deep into the world of credit reports, debts, and how they impact your financial standing. We'll cover the essentials of installment and revolving debts, and how they differ in terms of their effect on your credit score. We'll explore strategies for managing your debts effectively, such as paying down balances on cre…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Dream Home Within Reach, Tactics to Boost Your Buying Potential
27:18
27:18
Play later
Play later
Lists
Like
Liked
27:18
In this episode, we're diving into strategies to help you qualify for a larger loan amount and purchase a property with a higher value, while potentially putting down less money. We'll cover tactics to improve your debt-to-income ratio, manage your monthly debts, and navigate different loan programs. We'll discuss the importance of understanding yo…
…
continue reading
Welcome to The Truth About Lending Podcast, your weekly deep dive into Florida's dynamic real estate, loan and mortgage world, hosted by seasoned expert Melinda Payan, owner and president of TTAL. A licensed Loan Originator for over 25 years, Melinda offers practical, honest advice and guidance that is perfect for both loan specialists and homebuye…
…
continue reading