The Mortgage Episode

Audio podcast description

Mortgages don’t have to be scary. In this episode, broker/builder Ryan Cook and co-host Kent Thaler sit down with senior mortgage pro Ron J. Schwartz to demystify how home loans actually get approved—and what to avoid so you don’t derail your purchase. We break down pre-qual vs. pre-approval vs. fully underwritten approval, who the underwriter really is, and why sellers care. We cover credit basics (tri-merge, the middle score, utilization), rate vs. APR, rate locks and extensions, and why your phone explodes with “trigger leads.”

You’ll also hear when Fannie/Freddie conventional loans fit, and where FHA/VA/USDA can help—plus portfolio/DSCR options for investors. We talk sourcing funds (sorry, briefcases of cash don’t fly), the risks of switching lenders mid-escrow, and the classic “don’ts during underwriting.” Real stories, plain English, and practical takeaways.

You’ll learn:

    •    The approval level sellers prefer—and how to get there

    •    How credit is pulled and used (without tanking your score)

    •    What “rate lock” really means (and why extensions cost)

    •    Program basics: Conventional vs. FHA/VA/USDA, plus DSCR for investors

    •    What not to do once you’re under contract

Have questions? Message us with “MORTGAGE” and we’ll point you to solid resources—or connect you with a vetted local lender.

Educational only; not legal, tax, or financial advice. Programs and underwriting vary by lender and state.