Rates are flat today. Today’s comparison mortgage rates with no lender fees are 4.5% on a 30 year, 3.625% on a 15 year and 3% on a 5/1 ARM. (click here for details).

Happy Monday! Today we’ve got a new intro and I share two things that are sure to wake you up. One of them is called Inman Next and it just went live today. It’s a new and improved way for real estate agents to relearn, refresh, and relaunch the methods they use to buy and sell homes. Anyone else ready for a modern real estate industry? I know I am.

Also, today I offer one simple recommendation to get your loan through underwriting if you’re paying down debts.

It’s all in today’s episode:

(Watch it on your mobile phone or email reader here)

Todays tip is short and sweet. If you are doing a mortgage transaction and recently paid down your mortgage or other debts, be prepared to document the money used to do so.

Banks and mortgage investors want to make sure you are not paying down your debts with someone else’s money or a private loan prior to your application so you can qualify. Remember 401k loans are not used in your debt ratio. So if you need to pay down debt to qualify that my be the best route for you.

Hey, if you get a chance, I would love it if you could help me in my mission to bring transparency to mortgage lending by sharing today’s episode on Facebook or Twitter. Let’s change the way people shop for a mortgage…forever!

See you tomorrow!

– Mike

PS. To ask a question, get advice, or find out what your lender is making off your loan, just post a comment below. Daily comparison rates, calculators, and other cool features are available in the free Rates in Motion LoanApp by going to your smart phone and clicking on this link, activation code is 9203780002

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