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Ep 21 - Pulling Back the Curtain on the Inner Workings of Mortgage Companies
Manage episode 358358592 series 3447799
Contenido proporcionado por Michael Miget. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Michael Miget o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
Michael Miget will be giving new meaning to the word transparency when he pulls back the curtain on the back-room, inner workings of Mortgage Companies and the interest rates they charge.
Unless you are an industry insider, Michael seriously doubts you've heard any of this before or heard it explained in this way.
Listen to HomeWise Radio Sunday mornings at 9amCT on NewsTalkSTL 101.9, 94.1, and 99.1 HD3
0:00 SEG 1 Bank failures | Where do you go to get a mortgage? | Cleaning up Bank of America's messes | owning a loan VS servicing a loan | Mortgage-backed securities | Rocket Mortgage | What does a mortgage broker do? | Wholesale lender | Being interviewed on Paul Cook's show https://open.spotify.com/episode/1Y9MjVlOu2tSKV4Yw2Nk5U?si=voAyVoEDRZ6v3Vd51q_DoQ
21:03 SEG 2 It doesn't matter where you go, it's the same product | Why is it harder to get a loan at a bank? | Michael always tries to match or beat the competitor and treats everyone like family | How can Michael compete with Wells Fargo? | Michael's vetting process | Brokers are tough customers and want to be the best borrower for their clients | Wholesalers will pick and choose how competitive they want to be each week
44:30 SEG 3 A higher mortgage rate means the company gets paid more | Brokers are limited by law on how much they can spend on advertising which means you won't see Michael buying Super Bowl commercials | Why pay more for a mortgage because just because they have a fancy desk in the office
https://www.youtube.com/@homewiseradio
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