Did you KNOW that the term Mortgage means "DEATH PLEDGE"?  YIKES!!!  Mike Bower of CMG Home Loans is back with Brad Weisman to discuss RATE LOCKS, PMI (private mortgage insurance), and Appraisal Gap Coverage.  Things you need to know when you are purchasing a home! Ever question the real implications behind the term 'mortgage'? Get ready to have your mind blown as Mike Bower, our mortgage whizz, takes us through a thrilling exploration of the current tumultuous market and the perks of rate locks. We delve into the fascinating world of "Rate Flex", a program granting borrowers the privilege to relock if rates drop before closing – talk about a safety net!Mike sheds light on why Appraisal Gap Coverage is a staple in this competitive market. He shares tips to keep your cash safely tucked away in the bank, even amidst the whirlwind of appraisal gap coverage. Talk to your lender, ask the right questions.  Tune in for an episode packed with wisdom and essential pointers for your mortgage journey!#bradweisman #MikeBower #appraisalgapcoverage #PMI #RateFlex #realestateagent #mortgage #homeloan ---The Real Estate and You Podcast is your Thursday Evening connection to all thing’s real estate. Hosted by Brad Weisman, a local Reading Pennsylvania Realtor and Partner at Keller Williams Platinum Realty with over 30 years of real estate experience, this podcast brings you interviews and insights from people all over the country who are invested in or connected to the industry.From homeowners to investors to industry professionals, The Real Estate and You Podcast has something for everyone interested in learning more about real estate.Also, When Brad isn't selling homes, or hosting the Real Estate and You Podcast you can find him on American Dream TV hosting a NEW show—Selling Reading Pennsylvania! Instagram: https://bit.ly/3JE2RKPFacebook: https://bit.ly/3JE2RKPTwitter: https://bit.ly/3FKM4oo--HIGHLIGHTS YOU DON’T WANT TO MISS! If you like this video, check out some of these:American Dream TV- https://bit.ly/42DiQSiCredits - The music for my podcast was written and performed by Jeff Miller.