In this episode of The Mortgage Guy Podcast, Adam Rose sits down with Jim Luana, a new loan officer at Western Ohio Mortgage Company (WOMC). Jim shares his experience stepping into the mortgage industry, what he's learned so far, and the challenges and opportunities that come with being a new loan officer.

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🏡 Thinking about buying a home that needs some repairs? The USDA Repair Escrow program could be a great solution! In this episode of The Mortgage Guy Podcast, we break down how it works and why it's becoming more relevant in today's market.

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In this episode of The Mortgage Guy Podcast, we’re breaking down everything you need to know about appraisals—one of the most critical (and often misunderstood) parts of the homebuying process. Here’s what we cover: ✅ Why appraisals are so important to lenders and how they’re scrutinized by Fannie Mae, Freddie Mac, and other agencies. ✅ Common sticking points with appraisals for buyers, sellers, and realtors. ✅ Unacceptable appraisal practices: How comps, property conditions, and neighborhood factors impact valuation. ✅ Why some appraisals come in lower than expected and what options you have when this happens. ✅ How appraisers’ decisions affect their licensing, lenders, and the overall mortgage process.

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Medical Debt No Longer Reported: Starting in 2025, medical collection debt will no longer appear on credit reports. This means: Improved credit scores for many borrowers. Easier mortgage approval for buyers previously impacted by medical collections.

Western Ohio Mortgage MB #9601 Adam J. Rose NMLS #870301

Welcome back to The Mortgage Guy Podcast! In today’s episode, we’re tackling two key topics: a quick market update as we transition into 2025 and essential home safety tips for the winter travel season. 📌Here’s what you’ll learn: ✅The latest on mortgage rates: What happened in 2024, what to expect in 2025, and why rates aren’t moving much. ✅How to spot refinancing offers that actually make sense for your financial situation (and avoid common traps). ✅Practical tips to keep your home safe while traveling this winter, from smarter security upgrades to avoiding rookie mistakes like hiding spare keys.

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Are you buying your first home? 🏠 Understanding the difference between emotional and logical home buying could save you from costly mistakes and buyer’s remorse! In this episode of The Mortgage Guy Podcast, we explore: ✅ How emotions drive up to 90% of home-buying decisions. ✅ Why emotional buyers are more likely to experience regret and move sooner. ✅ Tips for logical home buying: price analysis, ROI, and location factors. ✅ Real stories and strategies to help you make smarter decisions.

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This episode is packed with tips to help you navigate the homebuying process during the holiday season and prepare for tax season:

➡️ Avoid New Credit: Learn why opening new credit lines like credit cards or using services like Klarna or Affirm can hurt your mortgage approval chances. Protect your credit score and debt-to-income ratio during this critical time.

➡️ Tax Season Prep: With tax season around the corner, find out why it’s essential to stay on top of your taxes. We also discuss how your tax refund can be a great source for a down payment on your dream home.

Whether you’re actively buying a home or planning ahead, this episode offers actionable advice to keep your finances on track.

🔔 Don’t forget to follow us for more mortgage insights and real estate tips!

📧 Have questions? Reach out at: arose@westernohiomortgage.com
📞 Office: 937-497-9662

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Adam J. Rose NMLS #870301

Listen now and get one step closer to homeownership! 🏡💼

🎙️ New Episode!

We’re covering:
➡️ FHFA’s move to improve rental affordability by raising multifamily loan caps for Fannie Mae and Freddie Mac
➡️ Financing options for investment properties, including conventional and DSCR loans
➡️ Legislation targeting trigger leads and how to opt out

Tune in now for insights into these key topics!

Western Ohio Mortgage MB #9601 Adam J. Rose NMLS #870301