Cheryl K.: Hi everybody. Cheryl Knowlton with Dynamite Productions here with Clay Johnson, Castle and Cooke Mortgage. Okay, so in episode five now, we’re going to pick up where we left off with episode four. Clay J.: Yeah. Cheryl K.: Let’s say I own my home free and clear. I do not have a mortgage and I want to buy …
Investment properties and getting a loan
Clay Johnson: Hi, folks. Clay Johnson here with Castle & Cooke Mortgage, and I’m here with Cheryl Knowlton with Dynamite Productions. Wow, you are explosive too. Cheryl Knowlton: I was recently told I’m a force to be reckoned with. Clay Johnson: Yes, you are. Yes, you are. Cheryl Knowlton: I’m like, oh boy, that’s probably true. Clay Johnson: Yeah, …
Be Upfront with your Loan Officer
Clay Johnson: Hi, Clay Johnson here with Castle & Cooke Mortgage and I’m with Cheryl Knowlton with Dynamite Productions. Always fun to come together. We’ve been thinking a lot about credit this week, ways of dealing with that, and we wanted to talk a little bit more about hiding and how that can really cause some challenges for you. So, …
Loan Estimate | Keyword “Estimate”
Clay Johnson: Hello again, guys. Clay Johnson here and Cheryl Knowlton with Dynamite Productions. We’re excited to be coming at you today and talk a little bit more about a precursor to the CD, which is called the Loan Estimate. Cheryl Knowlton: Yep. Clay Johnson: And so Loan Estimate is great because this is their kind of upfront what’s it’s …
TRID and APR | Interest rate and APR are not the same
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. …