Creating Wealth Real Estate Investing - Archive Episodes 201-300

Jason Hartman talks with one of the Seattle based lenders in his network about nationwide mortgage financing. You’ll gain insights from Steve’s 25 years in the mortgage business and you will learns some important distinctions between mortgage brokers, mortgage bankers and commercial banks. As a mortgage banker with several warehouse lines exceeding eight figures, Steve and Jason bring power to overcome financing challenges.  A good mortgage banker can offer the greatest number of options with the power of direct funding control. Here are some additional issues addressed in this episode: Mortgage overlaysPre-qualificationRent schedulesCounting rental income at 75%Property management agreementsMortgage sequencingDTI or Debt-to-Income Ratios and examplesFICO scores and credit repair issuesShort salesForeclosuresMedical billsImpact of positive cash flow and negative cash flowFannie Mae four and 10 financed property thresholds and limitsCash reserves – banks vs brokerage accountsSelf-employed borrowers and their w