Mortgage Expert Lindsey Johnson Discusses PMI and Future of Real Estate

Did you know that more than 80% of all first-time homebuyers last year put less than 20% down on their homes? Mortgage expert Lindsey Johnson tells us about private mortgage insurance and what changes the mortgage and real estate industries may see.
 
For more information, visit https://www.lowdownpaymentfacts.com/ and http://www.usmi.org/.
 
Read more and get additional resources here: https://wp.me/p9B077-Lh 
 
About our guest: http://www.usmi.org/lindsey-johnson-usmi-president/ 
 
On today's show: 
0:29 – Meet Lindsey
1:20 – Her background
2:32 – What is private mortgage insurance and how does it work?
4:47 – Is PMI part of the complicated mortgage process?
9:37 – Does PMI automatically come off at 20%?
14:18 – Should buyers be speaking to multiple lenders?
15:49 – How will COVID-19 impact real estate, mortgage and insurance industries?
21:35 – Will rates go up as fast as they came down?
23:30 – Are any changes coming in the real estate and mortgage industry?
34:03 – Should there be underwriting metrics?
34:55 – Why does the mortgage process seem so complicated?
37:02 – Demographics, rates and inventory
39:00 – Helpful websites
On today's show: 
 
 

A Chat With Walter Storholt of Third Wheel Media

You may recognize his voice. Now, get to know more about Walter Storholt, our friend and former co-host who runs Third Wheel Media. How has the pandemic affected his business? What is the future of podcasting and media? And what is his dream job?
 
Read more and get additional financial resources here: https://wp.me/p9B077-L7 
 
About our guest: https://www.thirdwheelmedia.com/ 
 
On today's show: 
0:29 – Introducing special guest Walter Storholt
2:20 – What is Third Wheel Media?
3:18 – Why working from home has worked out well
6:00 – The story of Walter’s house purchase and renovations
10:44 – How locals are embracing working from home
12:00 – What business owners think about remote work
18:56 – Does Third Wheel Media do TV?
22:16 – The future of media
24:15 – A diversity of voices
26:43 – Local versus national media
29:55 – Social interaction during a pandemic
32:52 – Businesses doing more regional work and Walter’s dream of reading an audio book