Clay Johnson: Hey guys, Clay Johnson here, and I’m here again with Cheryl Knowlton from Dynamite Productions. And we just wanted to cover a little bit more. We touched lightly yesterday on what is APR and what is TIP. Cheryl Knowlton: Yeah. Clay Johnson: Total interest pay. Tell us a little bit about those, Cheryl, and I’ll share a little …
TRID Day 3 | changes that will make the clock start over
Cheryl: Hi everybody and welcome to day three of Thread. Yes. Speaker 2: Yes, it’s been a fun topic. Cheryl: It has been a fun topic and I teach three-hour courses on this very subject. So trying to cram it all into five, two minute segments is really hard for me. Takes me half an hour to introduce myself. Speaker …
What does it take to be owner-occupied?
Cheryl Knowlton: Hi everybody. Cheryl Knowlton with Dynamite Productions, here with Clay Johnson with Castle & Cooke Mortgage. Episode four of how to properly invest as a self-employed individual and rental properties. We kind of left you hanging last time a little bit. We’re going to talk now about exactly what to make sure you don’t do and what you …
TRID day 2 | 3 day rule Lets everyone breathe
Cheryl Knowlton: Hi everybody, and welcome to day two of, What in the world is TRID? Clay Johnson: Yes, TILA/RESPA Integrated Disclosure Act just to reinforce that. Cheryl Knowlton: Yes indeed. So let’s talk about, Clay, the three-day rule. So that was a major, major change. Clay Johnson: It was, and in a very good way. Cheryl Knowlton: Yes it …
TRID, TILA and RESPA
Cheryl Knowlton: Hi everybody, and welcome to this week’s fabulous episode of Cheryl and Clay. Yay! Clay Johnson: Hi. Cheryl Knowlton: Okay, today we’re going to be talking about TRID. And you’re like, what in the heck is that? T-R-I-D, write that down. It’s an acronym within an acronym, which stands for … Clay Johnson: TILA-RESPA Integrated Disclosure Act. Cheryl …
Two-thirds of the population has this wrong
Clay Johnson: Hey guys, Clay Johnson here, with Castle & Cooke Mortgage, and I’m also with. John Harrison: And I’m John Harrison. Clay Johnson: John and I have actually worked together for 21 years in the mortgage business, and it’s been a pleasure the entire time, and there have been a lot of things that we’ve liked about the business. …
Who can gift the FHA downpayment?
Clay Johnson: Hi. Cheryl Knowlton here, with Castle & Cooke Mortgage, and I’m here with Cheryl Knowlton, from Dynamite Productions. Cheryl, you’ve done the real estate, you’ve done the mortgage side, so you know so much of the stuff with the FHA loans. One of the things we want to talk about is how that 3 1/2% down payment on …
FHA Loans: non-occupant co-borrowers
Clay Johnson: Hey there, Clay Johnson, Castle and Cooke Mortgage, I am with Cheryl Knowlton with Dynamite Productions. We wanted to hit a little bit today on the FHA loan. We’ve talked a little bit about this in the past, but guys, there’s something that you need to know on this one that is absolutely incredible. And that is mom …
Down-Payment Assistance and FHA
Cheryl Knowlton: Hi everybody. Cheryl Knowlton, Clay Johnson coming at you for the last in our series this week on down payment assistance and really cool programs. Clay Johnson: Yeah, low down payment programs as well. Because last week we talked about the conventional 3% down and that is awesome but conventional is still stricter when it comes to what …
FHA down payment of 3 1/2 % is 100% giftable
Cheryl Knowlton: Hi, everybody. Cheryl Knowlton, Clay Johnson coming at you for episode four of Down Payment Assistance. So we’ve talked about some of the neat programs that are out there. There are some low down payment programs that are really unique. Clay Johnson: There are. And for the longest time, we always talked about conventional financing. We always …