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The Mortgage Market of 2022 and Into 2023. How to Get a Low Interest Rate on Your Mortgage and Buy a Home
Manage episode 346845547 series 3393023
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What's going on in the mortgage market? Not a whole lot with rates at 7%+! But banks need to make money and are already getting creative with financing, offering 2-1 buydowns and 7 and 10 year adjustable rate mortgages (ARMs). We will explain in basic, easy to understand terms, exactly what these loan products are, the benefits to using them and how these are completely different products that caused the last foreclosure crisis. Prices of homes have dropped (in certain cases) or will drop in the near future and if you have been thinking about buying a home, opportunities may exist. In this podcast, Sean Payne and Isaiah Chass welcome Stuart Broughton of Supreme Mortgage Lending with 24 years of experience in the mortgage industry to help us navigate the mortgage market.
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