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Fit Over 40 with Coach Clarence

Fit Over 40 with Coach Clarence

Written by: Clarence Ferguson
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About this listen

 A weekly talk show about finances, health, and fitness, geared toward those over 40. Facts, Humor, and Fitness an honest dialogue. Coach Clarence is a Certified Mortgage Advisor NMLS #1920746 and also A Personal Fitness and Nutrition Coach of over 3 decades. Tune in weekly for riveting conversation, education, and stories of overcoming obstacles and how to thrive in your 40s and beyond.© 2023 Fit Over 40 with Coach Clarence Economics Exercise & Fitness Fitness, Diet & Nutrition Hygiene & Healthy Living Personal Finance Psychology Psychology & Mental Health
Episodes
  • How Seasonal Income Affects Mortgage Approval for Homebuyers and Refinances

    How Seasonal Income Affects Mortgage Approval for Homebuyers and Refinances
    May 5 2026
    In this episode, we break down how seasonal income, contract income, travel nurse income, overtime, commission, and other types of variable income may be reviewed when applying for a mortgage. Many first-time homebuyers and homeowners looking to refinance assume that inconsistent income automatically disqualifies them from getting approved. That is not always the case. Seasonal income may be used to qualify for a home loan, but it has to be documented, calculated, and reviewed correctly based on lending guidelines. We discuss how lenders typically look at income history, consistency, likelihood of continuance, and why safe and conservative income estimates matter when determining how much home you may qualify for. You will also learn what documents to have ready, including pay stubs, W-2s, 1099s, tax returns, contracts, and employment history. We also share a real-world example of a traveling nurse with multiple contracts and how organizing the paperwork helped narrow down the usable income for mortgage qualification. Whether you are buying your first home or considering a refinance, getting pre-approved early can help you save time, avoid surprises, and understand what loan options may be available based on your actual income. This episode is a must-listen for anyone with seasonal income, contract income, or variable income who wants to better understand the mortgage approval process. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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    18 mins
  • Is Your Low Mortgage Rate Secretly Keeping You Broke?

    Is Your Low Mortgage Rate Secretly Keeping You Broke?
    Apr 28 2026
    Summer expenses are coming fast: camps, vacations, sports, groceries, home repairs, and all the surprise costs that seem to hit at once. But before those bills start stacking up, there may be one place homeowners forget to look: their mortgage. In this episode, we talk about why a low mortgage rate does not always mean your full financial picture is healthy. You’ll hear the story of a homeowner with a 2.99% mortgage who was still drowning in high-interest credit card debt, and how a full mortgage checkup helped her free up about $600 per month in cash flow. This is not about telling everyone to refinance. It is about asking a better question: Is your mortgage still working for your life right now? Schedule Time with Coach Clarence: https://tidycal.com/coachclarence/30-minute-mortgage-and-credit-consultation-strategy-call20251111195249 Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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    15 mins
  • Equity Buyout Explained: Keep the Home, Avoid the Wrong Refi

    Equity Buyout Explained: Keep the Home, Avoid the Wrong Refi
    Apr 21 2026
    If you’re going through a divorce, separation, or property split and trying to figure out what happens to the house, this episode breaks it down in plain English. We’re talking about equity buyouts, how one person may be able to stay in the home, and why that doesn't always mean a traditional cash-out refinance. In this episode, we unpack the difference between ownership, mortgage liability, and equity payout… because those are three separate issues, and mixing them up is where expensive mistakes happen. We also cover when a mortgage assumption may come into play, why signing over the title does not automatically remove someone from the loan, and how to think through the options before replacing a low-rate mortgage. If you’ve heard “just refinance and buy them out,” this episode shows there may be more to the story. Clear, practical, and built to help you make smarter housing decisions when the stakes are high. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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    13 mins
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