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240: New 1st Lien HELOC (All-In-One Loan) with Caeli Ridge episode artwork

EPISODE · May 13, 2019 · 40 MIN

240: New 1st Lien HELOC (All-In-One Loan) with Caeli Ridge

from Get Rich Education

More people are renting. The homeownership rate has declined to 64%, from 69% in 2005.  Credit score "inflation" has occurred due scoring model changes and a strong economy. The average FICO score is now 704, a record high. GDP in Q1 grew 3.2% year-over-year, exceeding expectations. A new program called the Home Select Loan (All-In-One Loan) operates similar to a 1st Lien HELOC. Ridge Lending Group President Caeli Ridge & I discuss the details: Line Of Credit for 30 years 80% LTV on home, 70-75% LTV on investment property No principal payments due for ten years Potential interest savings Better liquidity Interest rate based on LIBOR + a margin Use the simulator to see how much interest you save vs. your current mortgage. I bring you today's show from Dallas, TX. __________________ Want more wealth?  1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

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240: New 1st Lien HELOC (All-In-One Loan) with Caeli Ridge

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How long is this episode of Get Rich Education?

This episode is 40 minutes long.

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This episode was published on May 13, 2019.

What is this episode about?

More people are renting. The homeownership rate has declined to 64%, from 69% in 2005.  Credit score "inflation" has occurred due scoring model changes and a strong economy. The average FICO score is now 704, a record high. GDP in Q1 grew 3.2%...

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