regional summit ppt4 mortgage lending
TRANSCRIPT
Real Estate Wealth Summit
How Strongbrook Creates, Manages, Protects & Grows
Wealth
Mortgage
Lending
How to Qualify for Limitless Real Estate
Mortgage Lending Is Not What It
Used To Be
FINANCING
Lending guidelines have changed from what they were in 2007.
Lending Introduction
Stated Income
Heartbeat Loans
Negative Amortization
No Documentation
Sub Prime
Lending Is Not What It Used To Be
Lending Is Not What It Used To Be
Lending is extremely hard. Not everyone qualifies – even highly qualified borrowers.
• 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
Interest Rates And FeesConsumers Ask:
How do your interest rates and your fees
compare to your competitors?
The same or maybe even a little higher.
:
1/2 Empty
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
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!
• Buying down your rate is typically not worth it.
• On average, investors refinance or sell in 3-5
years.
Interest Rates And Fees
There will always be things you cannot control during
the loan process. Be prepared for that.
Closing On Loans
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
What Sets Us Apart?
Over 75% of the loans our lenders facilitate are
investment loans.
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
$100K
$100K
=Cash Purchase
Sell for $150K
50%Return On Investment
$33K on 3 HomesSell Each for $150K
150%
Buying Cash
Buying Leveraged
=x 3Return On Investment
3 Times The R.O.I.
Why Leverage?
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 Blueprint forGrowing Wealth
Wealth - Purpose - Service