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409: Fundamentals of Funding: How to Get Approved for a Mortgage (Step-by-Step) w/Jeff Welgan

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Manage episode 419542952 series 2632451
Вміст надано BiggerPockets. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією BiggerPockets або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

Knowing how to get a mortgage is a crucial step in your journey to buy a rental property. Of course, the money side of things can be intimidating. How do you find a lender? What type of mortgage do you need? When should you get a preapproval? You likely have all sorts of questions…and we have answers!

Welcome back to the Real Estate Rookie podcast! In part two of our fundamentals of funding miniseries, certified mortgage advisor Jeff Welgan joins the show to share his lending expertise and equip rookies with some golden financing tips. In this episode, he debunks some of the most common misconceptions about real estate lending and shares some of the biggest red flags to watch out for in a lender.

But that’s not all. Jeff will show you an EASY way to build an entire portfolio with very little money—a lesser-known strategy that allows you to use down payment assistance programs and first-time home buyer loans to your advantage. Jeff also talks about the biggest differences between conventional and non-conventional loans, what to expect during the underwriting process, and where he expects mortgage rates to be in the not-so-distant future!

In This Episode We Cover:

The EASY way to build your rental portfolio with low money

The mortgage approval timeline and what to expect during the underwriting process

How to get 100% financing (or more!) with down payment assistance programs

The biggest red flags to watch for in a lender (and key questions to ask!)

How to get a first-time home buyer loan (even if it’s NOT your first property!)

The most common misconceptions surrounding real estate lending

Conventional loans versus non-conventional loans (and which one YOU need)

And So Much More!

Links from the Show

Find an Agent

Find a Lender

Ashley's BiggerPockets Profile

Ashley's Instagram

Tony's BiggerPockets Profile

Tony's Instagram

Real Estate Rookie Facebook Group

Join BiggerPockets for FREE

Submit Your Real Estate Rookie Question!

Get Tips, Advice, & Support in the BiggerPockets Forums

Join the Real Estate Rookie Bootcamp

Grab the BiggerPockets Investing Books

Property Manager Finder

Real Estate Rookie 408 – Fundamentals of Funding: How to Find the Right Lender for Your Next Rental w/Joe Coleman

BiggerPockets Real Estate 939 – BiggerNews: 100% Financing for First-Time Home Buyers is HERE

BiggerPockets Real Estate 943 – BiggerNews: Can’t Qualify for Another Mortgage? Try THESE Investor Loans w/Jeff Welgan

Connect with Jeff:

Jeff's BiggerPockets Profile

(00:00) Intro

(01:09) Funding Challenges & Lender Red Flags

(07:00)) Common Financing Misconceptions

(12:10) Kicking Off the Lending Process

(17:26) Getting a Loan with an LLC

(22:50) The Lending Timeline & Credit Pulls

(28:48) Mortgage Underwriting 101

(35:23) Conventional vs. Non-Conventional Loans

(41:30) Where Are Mortgage Rates Headed?

(46:54) Connect with Jeff!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-409

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

424 епізодів

Artwork
iconПоширити
 
Manage episode 419542952 series 2632451
Вміст надано BiggerPockets. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією BiggerPockets або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

Knowing how to get a mortgage is a crucial step in your journey to buy a rental property. Of course, the money side of things can be intimidating. How do you find a lender? What type of mortgage do you need? When should you get a preapproval? You likely have all sorts of questions…and we have answers!

Welcome back to the Real Estate Rookie podcast! In part two of our fundamentals of funding miniseries, certified mortgage advisor Jeff Welgan joins the show to share his lending expertise and equip rookies with some golden financing tips. In this episode, he debunks some of the most common misconceptions about real estate lending and shares some of the biggest red flags to watch out for in a lender.

But that’s not all. Jeff will show you an EASY way to build an entire portfolio with very little money—a lesser-known strategy that allows you to use down payment assistance programs and first-time home buyer loans to your advantage. Jeff also talks about the biggest differences between conventional and non-conventional loans, what to expect during the underwriting process, and where he expects mortgage rates to be in the not-so-distant future!

In This Episode We Cover:

The EASY way to build your rental portfolio with low money

The mortgage approval timeline and what to expect during the underwriting process

How to get 100% financing (or more!) with down payment assistance programs

The biggest red flags to watch for in a lender (and key questions to ask!)

How to get a first-time home buyer loan (even if it’s NOT your first property!)

The most common misconceptions surrounding real estate lending

Conventional loans versus non-conventional loans (and which one YOU need)

And So Much More!

Links from the Show

Find an Agent

Find a Lender

Ashley's BiggerPockets Profile

Ashley's Instagram

Tony's BiggerPockets Profile

Tony's Instagram

Real Estate Rookie Facebook Group

Join BiggerPockets for FREE

Submit Your Real Estate Rookie Question!

Get Tips, Advice, & Support in the BiggerPockets Forums

Join the Real Estate Rookie Bootcamp

Grab the BiggerPockets Investing Books

Property Manager Finder

Real Estate Rookie 408 – Fundamentals of Funding: How to Find the Right Lender for Your Next Rental w/Joe Coleman

BiggerPockets Real Estate 939 – BiggerNews: 100% Financing for First-Time Home Buyers is HERE

BiggerPockets Real Estate 943 – BiggerNews: Can’t Qualify for Another Mortgage? Try THESE Investor Loans w/Jeff Welgan

Connect with Jeff:

Jeff's BiggerPockets Profile

(00:00) Intro

(01:09) Funding Challenges & Lender Red Flags

(07:00)) Common Financing Misconceptions

(12:10) Kicking Off the Lending Process

(17:26) Getting a Loan with an LLC

(22:50) The Lending Timeline & Credit Pulls

(28:48) Mortgage Underwriting 101

(35:23) Conventional vs. Non-Conventional Loans

(41:30) Where Are Mortgage Rates Headed?

(46:54) Connect with Jeff!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-409

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

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