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Podcast: Your Financial Pharmacist
Episode: YFP 245: Getting Under Contract in a Competitive Home Buying Market
Description: Tony Umholtz, a Mortgage Manager for First Horizon, discusses getting under contract in a competitive home buying market. Key Points From This Episode Hear about Tony's background and the work he's doing right now with First Horizon. How we're still at historically low-interest rates, even with the recent rise we're seeing. Some context on the current market and why we currently have a housing shortage. Tony shares why it matters what type of loan you get. Important factors to consider when evaluating and considering the lender that you choose. What an escalation clause is and some...