On the sixth episode of Closing Day, we discuss the difference between a lender and a broker and what happens after you make an offer. Kyle interviews Cathy Swofford, a broker at Missoula Mortgage where she helps people find the loan they need to get into a home. She is a vetern of the US Air Force and has many years of experience as a broker in the state of Montana.
Topics addressed in this episode:
- The difference between a lender and a broker
- Home inspections
- Choosing a broker/lender
- Home improvements and bad inspection reports
- Asking the seller to make improvements
- Using loans to pay for repairs
- Earnest money
- Title companies
- The underwriting process
Kyle and Cathy dive into these topics and more giving listeners great information and tangible action steps that can be taken to help them reach their own Closing Day on their first home!
*Resources: *
Missoula Mortgage - https://www.missoulamortgage.net/
Earnest Money: What You Need to Know and How Much is Enough? - https://thecollegeinvestor.com/22426/earnest-money/
What are Title Companies and What Do They Do? - https://thelendersnetwork.com/what-does-a-title-company-do/
Mortgage Underwriting: How to Ensure a Smooth Underwriting Process - https://thelendersnetwork.com/what-is-mortgage-underwriting/
Visit our website to contact us and for more information about Closing Day!
You can also find us on Instagram @Closing_Day_Podcast and on Facebook at Closing Day Podcast.
Cathy can be contacted at:
Email: mslamtg@gmail.com
Phone: 406-721-0331
Special Guest: Cathy Swofford.
Popular Podcasts
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.