Learn how to bring as little money as possible to the property closing table.
Ridge Lending Group President Caeli Ridge tells us how to do this. She also predicts the future interest rate direction.
Mortgage interest rates hit all-time lows three months ago. Freddie Mac has tracked rates since 1971.
The 30-year fixed rate mortgage debuted in America in 1948. It’s an incredible tool that few, if any, other world nations have.
Before this, it took a 50% down payment and refinancing every 3-5 years.
Mortgage rates have been falling for 700 years! From the year 1311, we look at interest rate history in the French Crown, Spanish Crown, Italian merchants in Milan, Genoa.
The latest marker of today’s low housing supply is the fact that there are currently more real estate agents than available homes.
Is rush hour traffic a thing of the past? We explore this.
Caeli Ridge helps us understand the ominous new 7% Fannie Mae funding limit on single-family mortgages on second homes and investment properties. Result = higher loan prices.
Does it make sense to pay discount points at the closing table? Discount points are like prepaid interest. We explore pros and cons.
Often, a seller can pay up to 2% of your purchase closing costs.
Caeli predicts the future direction of interest rates. I’m refinancing properties with Ridge myself right now. Start at: www.RidgeLendingGroup.com
Resources mentioned:
Get mortgage loans for investment property:
Show Notes:
Early 1900s Mortgage Rate Charts:
https://www.thetruthaboutmortgage.com/check-out-these-mortgage-rate-charts-from-the-early-1900s/
Interest Rates Have Been Falling For 700 Years:
https://www.visualcapitalist.com/700-year-decline-of-interest-rates/
There Are More RE Agents Than Homes For Sale:
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.