Regional summit ppt4 mortgage lending
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Regional summit ppt4 mortgage lending
- 1. Real Estate WealthSummit How Strongbrook Creates, Manages, Protects & Grows Wealth
- 2. Mortgage Lending How to Qualify for Limitless Real Estate
- 3. Mortgage Lending Is Not What It Used To Be FINANCING
- 4. Lending guidelines have changed from what they were in 2007. Lending Introduction
- 5. Stated Income Heartbeat Loans Negative Amortization No Documentation Sub Prime Lending Is Not What It Used To Be
- 6. Lending Is Not What It Used To Be Lending is extremely hard. Not everyone qualifies – even highly qualified borrowers.
- 7. •If you’re committed to your financial future, you won’t be deterred. •Anything worth having is worth working for. Lending Is Not What It Used To Be
- 8. Interest Rates And Fees Consumers Ask: How do your interest rates and your fees compare to your competitors? The same or maybe even a little higher. : 1/2 Empty
- 9. Investors Ask: How likely are you to get my investment loan closed over your competitors? We have unequaled experience in financing investment properties. : Interest Rates And Fees 1/2 Full
- 10. Interest rates and closing costs have an inverse relationship. Interest Rates And Fees If you accept a higher interest rate, you can usually lower your closing costs!
- 11. • Buying down your rate is typically not worth it. • On average, investors refinance or sell in 3-5 years. Interest Rates And Fees
- 12. There will always be things you cannot control during the loan process. Be prepared for that. Closing On Loans
- 13. Timeline of events: •Submit file with all required documentation •Execute Real Estate Purchase Contract •Applications and Disclosures are emailed •Appraisal ordered •Loan submitted •Appraisal received •Lender issues a conditional approval •Submit underwriting conditions (2-5 times) •Lender officially approves loan •Lender issues clear to close •Docs are ordered and sent to title •Closing takes place •Funding and recording •You receive the keys Closing On Loans
- 14. What Sets Us Apart? Over 75% of the loans our lenders facilitate are investment loans.
- 15. Relationships With Lenders Who: •Have 20% down investment programs •Will lend on properties #’s 5 through 10 •Will calculate projected rents for DTI •Provide rapid acquisition exceptions •Provide landlord history exceptions •Access to portfolio lines •Appropriate state licensure •Allow for flips with less than 90 days on title •Allow for acquisition with partnership assets •Able to do all of this in a timely manner
- 16. $100K $100K =Cash Purchase Sell for $150K 50% Return On Investment $33K on 3 Homes Sell Each for $150K 150% Buying Cash Buying Leveraged =x 3 Return On Investment 3 Times The R.O.I. Why Leverage?
- 17. Create Wealth Manage Wealth Protect Wealth Create and grow assets through facilitated investment-grade real estate investment. Strongbrook’s experts help clients know when to buy and sell homes, transition markets, and effectively shelter money. Insulate assets and limit liability through comprehensive Estate Plans, LLC’s and insurance strategies. Strongbrook’s Blueprintfor Growing Wealth Wealth - Purpose - Service
Hinweis der Redaktion
- Suggested Presenter Dialog: Strongbrook Lending rarely offers the very best rates or fees available in the market. It seems you’ll always find a better deal or better promises elsewhere. That said, it doesn’t matter how cheap the closing costs are or how good the interest rate is, if you don’t close on the loan. Bottom line, Strongbrook Lending and it’s affiliates have unequaled experience in financing investment properties. Very few lenders have the experience, and expertise to successfully and consistently close complicated investment purchases. You may pay a little more than you would with a credit union or local bank. However, we are confident you will be happy you did. REMEMBER, YOU GET WHAT YOU PAY FOR.
- Suggested Presenter Dialog: Strongbrook Lending rarely offers the very best rates or fees available in the market. It seems you’ll always find a better deal or better promises elsewhere. That said, it doesn’t matter how cheap the closing costs are, or how good the interest rate is, if you don’t close on the loan. Bottom line, Strongbrook Lending and it’s affiliates have an unequaled experience in financing investment properties. Very few lenders have the experience, and expertise to successfully and consistently close complicated investment purchases. You may pay a little more than you would with a credit union or local bank. However, we are confident you will be happy you did. REMEMBER, YOU GET WHAT YOU PAY FOR.
- Suggested Presenter Diaglog: Interest rates and closing costs have an inverse relationship. The higher the interest rate is, the lower the fees will be. Conversely, the lower the interest rate, the higher the fees will be. When we lock rates, we intentionally select the highest interest rate available on the rate sheet for that day in order to minimize the overall closing costs.
- Suggested Presenter Diaglog: Statistically, a client will refinance every 3-5 years. Based on recoup calculations, it is typically not prudent to buy down your interest rate in order to save a minimal amount in the monthly payment. You will simply not keep the loan long enough to recoup the initial upfront expenditure.
- There are many parts of the lending process that are out of your control. That is, you have to rely on a third party for performance. The key to ensuring that you remain within contract, and protect your earnest money is to complete the tasks you “CAN CONTROL” very quickly. Below is a list of things that must happen in order for you to purchase a home using leverage. The items highlighted in red are the things that you “CAN CONTROL”. COMPLETE THEM WITHIN THE SPECIFIED PERIOD OF TIME AND YOU PROTECT YOUR EARNEST MONEY. FAILURE TO DO SO ONLY PUTS YOURSELF AT RISK.