The Mortgage Minute

In episode 11 of The Mortgage Minute, we discuss what it takes to become a mortgage loan originator, steps to become a MLO, and the ugly truths we have all come to love. Lotus Lending Group, LLC is hiring for Mortgage Loan Originators in Alabama, Florida, Louisiana, and Tennessee. Whether you're brand new to the industry, perfectly seasoned and experienced, or just curious about a career move into mortgage, please apply on our website https://lotuslendinggroup.com/careers --- Send in a voice message: https://anchor.fm/lotus19/message

Welcome to the 10th episode of The Mortgage Minute brought to you by Lotus Lending Group. In this episode you will learn about the down payment versus closing cost, and what funds you can and can't use at the closing table. Have a mortgage or real estate question? Would you like to be a guest on our show? Submit your questions and press inquiries to valorey@lotushomeloans.com To learn more about Lotus Lending Group, LLC, visit www.lotushomeloans.com --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/lotus19/message

Welcome to the ninth episode of The Mortgage Minute brought to you by Lotus Lending Group. In this episode you will learn about Jumbo Loans, conforming and non-conforming, county loan limits, primary, secondary, cash out purchases and refinances. Have a mortgage or real estate question? Would you like to be a guest on our show? Submit your questions and press inquiries to valorey@lotushomeloans.com To learn more about Lotus Lending Group, LLC, visit www.lotushomeloans.com --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/lotus19/message

In this episode of The Mortgage Minute brought to you by Lotus Lending Group, LLC, Dana, Richard, and Valorey discuss VA loans. To learn more about Lotus Lending Group, please visit our website www.lotushomeloans.com Lotus Lending Group LLC is an equal housing opportunity mortgage brokerage dedicated to serving Alabama, Louisiana, and Florida. AL NMLS 1850940 | FL NMLS 2080668 Information is subject to change. Certain restrictions apply. Subject to borrower qualification. Subscribe to our podcast The Mortgage Minute Lotus Lending Group LLC is an equal housing opportunity mortgage brokerage dedicated to serving Alabama, Louisiana, and Florida. Follow us on Facebook, Instagram, LinkedIn, and YouTube --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/lotus19/message

In this episode of The Mortgage Minute brought to you by Lotus Lending Group, LLC, Dana, Richard, and Valorey discuss USDA loans. To learn more about Lotus Lending Group, please visit our website www.lotushomeloans.com Lotus Lending Group LLC is an equal housing opportunity mortgage brokerage dedicated to serving Alabama, Louisiana, and Florida. AL NMLS 1850940 | FL NMLS 2080668 Information is subject to change. Certain restrictions apply. Subject to borrower qualification. Subscribe to our podcast The Mortgage Minute Lotus Lending Group LLC is an equal housing opportunity mortgage brokerage dedicated to serving Alabama, Louisiana, and Florida. Follow us on Facebook, Instagram, LinkedIn, and YouTube --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/lotus19/message

In this episode of The Mortgage Minute brought to you by Lotus Lending Group, LLC, Dana, Richard, and Valorey recap FHA loans from episode 5 and discuss the difference between FHA and Conventional loans. Federal Housing Administration (FHA) loans are federally insured and issued by FHA-approved lenders. FHA loans are intended for borrowers with limited savings or lower credit scores. FHA loans are not the only type of government-backed loans. There are two other types of government agency-insured loan programs—VA loans and USDA loans. A conventional loan is a mortgage loan that is not backed by a government agency. Borrowers may be required to pay mortgage insurance, depending on the mortgage terms and the amount of the down payment. To learn more about Lotus Lending Group, please visit our website www.lotushomeloans.com Lotus Lending Group LLC is an equal housing opportunity mortgage brokerage dedicated to serving Alabama, Louisiana, and Florida. AL NMLS 1850940 | FL NMLS 2080668 Information is subject to change. Certain restrictions apply. Subject to borrower qualification. --- Send in a voice message: https://anchor.fm/lotus19/message

In this episode of The Mortgage Minute brought to you by Lotus Lending Group, LLC, Dana, Richard, and Valorey discuss FHA loans and the exciting updates for student loan calculations for your debt to income ratio that will make it easier to qualify. Overview of FHA Single Family Mortgage FHA Mortgage Insurance How FHA is funded What FHA Will and Will Not Insure FHA Loan Limits Maximum LTV Ratios --- Send in a voice message: https://anchor.fm/lotus19/message

On this episode of The Mortgage Minute, we speak with Connie McClendon of Southern Credit Solutions, LLC about credit, credit repair, and simple things that can be done to get your credit ready to achieve your financial goals. You're not alone when it comes to needing credit repair and we have solutions to help you. We discuss things to look for on your credit report like incorrect addresses, accounts that aren't yours, accounts that may not be reporting, credit inquires, bankruptcy, identity theft, duplicate accounts, student loans, and more. Credit restoration | Credit building | Credit attorneys | Wills and trusts | Networth calculator | Budgeting | Finances | Credit monitoring | Debt payoff For more information on how to get help with your credit, visit www.southerncreditsolutions.com available in all 50 states and Canada --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/lotus19/message

The Mortgage Minute is brought to you by Lotus Lending Group, LLC. In this episode, we discuss the homebuying timeline and expectations for turnaround times. There are a lot of people who work on your mortgage application. The checks and balances that are in place may seem silly at times, but there is a method to the madness and reason for everything. Richard discusses the process from getting you pre-approved, to the inspection, to the appraisal, to the closing table, and everything in between. To learn more about Lotus Lending Group, please visit our website www.lotushomeloans.com Lotus Lending Group LLC is an equal housing opportunity mortgage brokerage dedicated to serving Alabama, Louisiana, and Florida. AL NMLS 1850940 FL NMLS 2080668 Information is subject to change. Certain restrictions apply. Subject to borrower qualification. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/lotus19/message

The Mortgage Minute brought to you by Lotus Lending Group. In this episode you will learn how those 1.99% interest rate ads aren't what they are all cracked up to be. Hear about what's new at Lotus Lending Group. Loan Officer Richard Parker of Meals and Mortgages discusses gimmicks. Have a mortgage or real estate question? Submit your questions to processorfl@lotushomeloans.com To learn more about Lotus Lending Group, LLC, visit www.lotushomeloans.com --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/lotus19/message

Welcome to the first episode of The Mortgage Minute brought to you by Lotus Lending Group. In this episode you will learn about who Lotus Lending Group is, what we are all about, and how we came to be. Entering into a new business venture prior to the pandemic was a risk worth taking. Dana, Valorey, and Richard discuss how the pandemic changed them and allowed them to flourish. Loan Officer Richard Parker of Meals and Mortgages discusses the frequently asked question, "how much do I need to put down", misleading rate advertisements, and gimmicks. Have a mortgage or real estate question? Submit your questions to processorfl@lotushomeloans.com To learn more about Lotus Lending Group, LLC, visit www.lotushomeloans.com --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/lotus19/message