Mortgage Rate Drops Are Coming: How to Prepare Today

Looking to buy a rental property in the next 12 months or so? The housing market is shifting fast, and today’s guest has some major insights on what’s changing in the lending space. Whether you’re actively trying to find the right loan or holding out for lower mortgage rates, you won’t want to miss this episode! Welcome back to the Real Estate Rookie podcast! Today, we’re joined by mortgage expert Jeff Welgan for a masterclass on what rookies should be doing when getting a mortgage for their investment property. Jeff’s optimistic about the lending opportunities that could be on the horizon for real estate investors, but he’s also seen plenty of deal-killing mistakes. Want to make sure you get the best real estate financing? Then stay tuned! Along the way, Jeff will share his biggest lending predictions for the next year, the best types of loans to consider in 2025, and crucial advice for new investors as they’re starting their investing journey. He’ll also tell you why buying mortgage points could be a bad idea and when to start working with a lender during the property-buying process. In This Episode We Cover How to choose the right type of financing for your investment property Why you shouldn’t wait for interest rates to drop before buying your next property The best loan products investors are using today (and where to find them!) How potential rate drops could impact buyer demand and home prices How to find the best mortgage lender for your next real estate deal And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/rookie-588 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[e-mail]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.  Learn more about your ad choices. Visit megaphone.fm/adchoices