back arrowView show

07: Making Your Finances Mortgage Ready with Kim Bean

Episode description

A home is one of the biggest purchases you’ll make in your lifetime, so why do people know so little about it? Todays’ guest, Kim Bean, has been a mortgage loan officer for decades and has seen the ups, downs, and behind the scenes of the industry. 

Today, Kim shares tips on things like how to improve your credit score, analyzes options to consider when looking at your mortgage, and offers advice on how to go about your own process. To learn how you can apply these insightful tricks to your own financial life tune into this episode of Your Best Financial Life with Scott Malbasa.

Show Highlights: 

  • What Kim does and how she got into the business 
  • Different hats mortgage loan officers wear 
  • Being on a team with underwriters and mapping out the process 
  • Making deals make sense and supporting that 
  • How things differed before and after 2008  
  • The process clients go through for a mortgage 
  • Tips for raising your credit score 
  • The “what if” scenario 
  • Keeping up with your history of past credit 
  • Going through the process of unfreezing credit and Equifax 
  • Consumer credit score vs. the mortgage credit report 
  • Evaluating the down-payment and different scenarios 
  • Factors that apply outside of the mortgage and the interest rate 
  • Analyzing common scenarios and having two mortgages 
  • Overlooking pre-approval and rushing the process 
  • Bridging the gap between buying a new home and selling the old one 
  • Understanding what risks clients are comfortable with 
  • Approaching the process of building a house 
  • Keeping an eye on interest rates and locking it in on permanent financing 
  • Keeping up with multiple clients 
  • What changes in the mortgage world as rates increase
  • The process that occurs when a child is the primary buyer with parental support 
  • Determining mortgages for retired individuals 
  • Conservatively balancing funds and setting up payments 
  • The biggest reoccurring surprises 
  • Being educated on your finances 
  • Tools to get transparency in your credit 
  • Checking your statements and evaluating your amount to live comfortably 



episodes iconMore Episodes

08: What You Should Know Before Investing in Real Estate with John Swagerty

May 6th, 2019


Real estate is a diverse market that is much more complex than commonly perceived. In today’s interview with John Swagerty, Senior Vice President at Acadia Realty Trust, Scott and John dissect what goes into evaluating …

06: Starting a Business After Retirement with Kim Netting

April 10th, 2019


Retirement doesn’t have to mean stagnation or mark the end of pursuing dreams. In fact, many people aspire and start up their own personal businesses …

05: Organizing Your Systems of Life with Beth Giles

March 18th, 2019


Everyone wants to be more organized in life, and most need to downsize their belongings along the journey. Today’s guest will help you with these goals. Beth Giles is the Professional Organizer/Senior Move Manager at NW …

04: Building Financial Confidence with Apollo Lupescu

March 4th, 2019


We all want to be financially educated and invest in companies we believe will be the most impactful in regards to what we believe in, all while …

03: The Everyday Guide to Tax Planning for Retirement

January 31st, 2019


Preparing for retirement doesn’t have to be difficult or overwhelming. Professional investment advisors are trained to help assist with each …

02: The Most Commonly Misunderstood Aspects of Implementing a Will with Melanie Marmion

January 30th, 2019


We all have questions when it comes to planning for our future and how to implement the best plan of action when it comes to setting a legal plan in place. When it comes to finances the majority of us have an …

01: Introducing Your Best Financial Life

January 14th, 2019


Working in the financial industry, I get asked a lot of questions about money everywhere I go. No one is immune from the stress that money creates in our lives. We all have questions that keep us up at night, and I want …

Loading ...

Download the RadioPublic app for
 FREE and never miss an episode.

Get it on Google PlayDownload on the App Store