Mortgage lending is changing every day. Interest rates are vastly different than just a few months ago. As rates change mortgage planning has became a necessary component of lending. In the past all that mattered was how low the interest rate was. But today, the best mortgage product is not just the lowest interest rate. Length of term, MIP, down-payment, loan costs all have to be considered. Today you need a mortgage planner to walk your client through what their needs are and to be an advocate for them in the transaction. Bill Oliver of Cardinal Mortgage joins Dishin' Dirt to discuss how mortgage planning works.
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* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.