In this episode of "Recharging with Champions," Charlotte Harrill delves into the world of interest rates and how they impact your mortgage payments. Using a $350,000 loan as a foundation, she illustrates how changing interest rates can drastically affect the principal and interest components of monthly payments.

Charlotte offers detailed comparisons of monthly payments at various interest rates, from the historic lows of 4% to the current national average hovering around 7%. She highlights the substantial differences in payments as rates increase, providing listeners with essential insights and a graphic template to visualize these changes effectively.

With practical tips and resources, "Recharging with Champions" empowers listeners to navigate the evolving economic landscape with confidence, offering lifetime free access to valuable tools during its beta phase. Tune in and arm yourself with knowledge for smarter financial decisions!

NEW MEMBERS SITE IS ACTIVE! Be one of the FIRST to access my brand-new membership site—for FREE! 🚀 I’m offering LIFETIME complimentary access right now as I gather feedback from amazing people like you to make it even better. This offer won’t last long before memberships become paid, so jump in now and help shape the future of this resource! Just use code: LEGACY for your free membership. Visit my website for more details: www.rechargingwithchampions.com 👉 Don’t miss out—join today!

More about Charlotte Harrill 📱 LinkedIn: https://www.linkedin.com/in/charlotte-harrill/ 📱 Instagram: https://www.instagram.com/char_mtg_girl/ 📱 Instagram: https://www.instagram.com/char_atlantic_bay/ 📱 Facebook: https://www.facebook.com/profile.php?id=61565240104723 🌐 Organic Marketing Genius: https://thecharlotteevents.com/omg 🌐 Charlotte the Mortgage Gal: https://www.atlanticbay.com/charlotteharrill/ 📺 YouTube: https://www.youtube.com/@rechargingwithchampions 🌟 Join my FREE membership site now: www.rechargingwithchampions.com

Let’s take your mortgage business to the next level—together! 🚀

Register for the FREE toolkit with graphics and easy posts based on this podcast! https://forms.office.com/r/kLg4K2VaKF

In this episode of Recharging with Champions, host Charlotte Harrill tackles the frequently asked questions about escrow accounts in the realm of homeownership. She explains that a mortgage escrow account is managed by the mortgage servicer to ensure there's sufficient funds to cover taxes and insurance payments when due. These accounts are subject to strict government regulations limiting the buffer to no more than one-sixth of the total bill.

Charlotte clarifies why you might receive a refund or experience an unexpected increase in your monthly payment despite having a fixed interest rate. Refunds occur when projected costs for taxes or insurance turn out lower than expected, while shortages happen if they rise. The company covers the shortage and redistributes the cost over the following year.

Lastly, she highlights that escrow accounts are often mandatory for loans with less than 20% down payment, and even for some loan types regardless of the amount down, to prevent delinquency in tax and insurance payments. Charlotte encourages sharing this knowledge as a tool for potential homeowners or to share wisdom on social media.

Register for the FREE toolkit with graphics and easy posts based on this podcast! https://forms.office.com/r/kLg4K2VaKF

In this episode of "Recharging with Champions," we delve into the world of escrow accounts and why they are favored by mortgage companies. Escrow accounts ensure the timely payment of taxes and insurance, providing peace of mind for both lenders and homeowners. By sharing real-life stories, such as John's experience, we illustrate how escrows can prevent financial burdens through adjustments and analyses without the need for upfront lump sums—showing the dual advantages for both borrowers and lenders.

Register for the FREE toolkit with graphics and easy posts based on this podcast! https://forms.office.com/r/kLg4K2VaKF

In this episode of Jumpstart, we delve into the essential differences between a home appraisal and a home inspection. Often confused as one and the same, these two assessments serve distinct purposes in the home buying process.

An appraisal primarily focuses on determining the value of the property to satisfy lender requirements. Meanwhile, a home inspection offers a detailed examination of the property’s condition, identifying potential issues and existing deficiencies from the roof to the foundation.

This discussion sheds light on why both an appraisal and an inspection are invaluable investments when purchasing a home. Ensure you understand their unique roles and the specific insights each provides to make a well-informed decision.

Remember to check out YOUTUBE for more episodes and tools!

Register for the FREE toolkit with graphics and easy posts based on this podcast! https://forms.office.com/r/kLg4K2VaKF

Welcome back to RE-Charging with Champions! I’m Charlotte Harrill, and in today’s episode, we’re diving into a Monday Memory that hits home for sellers who like to do their homework. Imagine you’ve ordered an appraisal before listing, confident it’ll set the perfect price, only to find out the buyer’s lender can’t even use it. Frustrating, right? I’ll share a story about one of my clients who went through just that, and I’ll break down the rules that have changed since the 2008 market crash. We’ll cover why lenders require third-party appraisal ordering and what this means for sellers and realtors alike. Real estate pros, get your social media ready—this episode is packed with insights you can share to help your clients understand the process and avoid any surprises. Let’s stay ahead in our industry and turn these insights into powerful, informative content. Catch you tomorrow for more! #appraisal #mortgage #marketing #realestate #realtor

More about Charlotte Harrill LinkedIn: https://www.linkedin.com/in/charlotte-harrill/ Instagram: https://www.instagram.com/char_mtg_girl/ Instagram: https://www.instagram.com/char_atlantic_bay/ Facebook: https://www.facebook.com/BGMortgage/ Organic Marketing Genius: https://thecharlotteevents.com/omg Charlotte the Mortgage Gal: https://www.atlanticbay.com/charlotteharrill/ Check out helpful tools, training, and more on my YouTube channel! https://www.youtube.com/@rechargingwithchampions

Register for the FREE toolkit with graphics and easy posts based on this podcast! https://forms.office.com/r/kLg4K2VaKF Hey, Champions! Today’s Thursday Trivia is a quick tip that can help you (and your clients!) dodge a bit of appraisal heartache. Did you know that for FHA, VA, and USDA appraisals, the water needs to be turned on, not just at the meter but also flowing in the house? That’s right, and it’s essential to avoid an extra inspection and added costs. So, here’s your trivia: True or False – The water must be turned on at the meter and running in the house for a government appraisal to proceed smoothly. Yes, it's true! To make it easy to educate your sphere, I've got a ready-to-share graphic and a little extra info for your social media. Let’s help more people get it right the first time! Post, share, and maybe save someone a second visit from the appraiser! Want more tips like this? PLEASE LIKE FOLLOW AND SHARE! https://www.youtube.com/@rechargingwithchampions for weekly insights. #mortgage #marketing #realestate #realtor More about Charlotte Harrill LinkedIn: https://www.linkedin.com/in/charlotte-harrill/ Instagram: https://www.instagram.com/char_mtg_girl/ Instagram: https://www.instagram.com/char_atlantic_bay/ Facebook: https://www.facebook.com/BGMortgage/ Organic Marketing Genius: https://thecharlotteevents.com/omg Charlotte the Mortgage Gal: https://www.atlanticbay.com/charlotteharrill/ Check out helpful tools, training and more on my YouTube channel! https://www.youtube.com/@rechargingwithchampions

Register for the FREE toolkit with graphics and easy posts based on this podcast! https://forms.office.com/r/kLg4K2VaKF Welcome back to RE-Charging with Champions! I’m Charlotte Harrill, and in today’s episode, we’re diving into a Monday Memory that hits home for sellers who like to do their homework. Imagine you’ve ordered an appraisal before listing, confident it’ll set the perfect price, only to find out the buyer’s lender can’t even use it. Frustrating, right? I’ll share a story about one of my clients who went through just that, and I’ll break down the rules that have changed since the 2008 market crash. We’ll cover why lenders require third-party appraisal ordering and what this means for sellers and realtors alike. Real estate pros, get your social media ready—this episode is packed with insights you can share to help your clients understand the process and avoid any surprises. Let’s stay ahead in our industry and turn these insights into powerful, informative content. Catch you tomorrow for more! #mortgage #marketing #realestate #realtor

More about Charlotte Harrill LinkedIn: / charlotte-harrill Instagram: / char_mtg_girl Instagram: / char_atlantic_bay Facebook: / bgmortgage Organic Marketing Genius: https://thecharlotteevents.com/omg Charlotte the Mortgage Gal: https://www.atlanticbay.com/charlotte... Check out helpful tools, training, and more on my YouTube channel! / @rechargingwithchampions