323: How To Qualify For A Mortgage Today with Caeli Ridge

The deal is the debt. Why? Because mortgage rates are at all-time lows. People are buying property like crazy. Learn why 30-year fixed rate mortgages are a great deal for the borrower and a bad deal for the lender. Caeli Ridge, President of Ridge Lending Group, tells us about qualifying for income property loans today. Your first 10 loans single / 20 loans married for 1-4 unit properties have the best rates and terms: 20-25% down, 50% max. DTI, super low interest rates. For more loans, called "non-QM" loans: $135K minimum size, 75% LTV, higher interest rates. Opinion: Fannie & Freddie will stay in conservatorship, keeping mortgage rates low. Conforming loan limits will increase from $510,400 to $548,250 (SFH), and higher for 2-4 unit properties. Rate & term refinances - SFH: 80% LTV | 2-4 unit: 75% LTV Cash out refinance terms - SFH: 75% LTV | 2-4 unit: 70% LTV We get an update on appraisal climate. I educate you on the three appraisal approaches: cost, income, comparison. Ridge does loans in 43 of the 50 states, all except: AK, ME, ND, NY, VT, WV, WY. Resources mentioned: Mortgage Loans: RidgeLendingGroup.com Phone: (855)747-4343 E-mail: [email protected] Show Notes: www.GetRichEducation.com/323 Top Properties & Providers: GREturnkey.com EQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

NOW PLAYING

0:00 39:16

1×

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Share this episode

Similar Episodes

FV 134 : Dédé l’Ardéchois (Part 1): local heritage and history of the railway

Jun 15, 2022 ·39m

FYW 245 : French slang expressions (4)

Jun 15, 2022 ·8m

FYW 244 : When is “ne” optional in French ?

May 25, 2022 ·20m

FYW 243 : When to capitalise a word in French ?

May 19, 2022 ·16m

FV 133 : (Part 2) The “vin de pomme” from Pays Basque

May 15, 2022 ·34m

FYW : Live workshops are back! May 2022

May 12, 2022 ·1m

Similar Podcasts

French Your Way Jessica: Native French teacher founder of French Your Way Boost your French listening skills and test your comprehension with this one of a kind series of podcasts. Get the chance to listen to a real conversation between native speakers talking at normal speed AND customise your learning experience through carefully designed sets of questions (2 levels of difficulty) available for download at www.frenchvoicespodcast.com. All interviews also come with the transcript. French teacher Jessica interviews native speakers of French from around the world who share a bit of their life and passion. Where else would you meet in one same place a French yoga teacher based in Melbourne, a soap manufacturer from Provence, or a couple cycling around the world? PodSights Health & Wellness podsights.ai Transform your wellbeing journey. Get trusted, evidence-based answers to your health, fitness, and mental wellness questions. Make informed decisions about your health. Visit podsights.ai to create your own wellness podcast. Rich Dad's Guide to Investing II Robert T. Kiyosaki II Full Audiobook II Robert T. Kiyosaki Investing means different things to different people… and there is a huge difference between passive investing and becoming an active, engaged investor. Rich Dad’s Guide to Investing, one of the three core titles in the Rich Dad Series, covers the basic rules of investing, how to reduce your investment risk, how to convert your earned income into passive income… plus Rich Dad’s 10 Investor Controls.The Rich Dad philosophy makes a key distinction between managing your money and growing it… and understanding key principles of investing is the first step toward creating and growing wealth. This book delivers guidance, not guarantees, to help anyone begin the process of becoming an active investor on the road to financial freedom. Wounded Warriors of the Cross Gary Pastoral and clergy mental health is a mostly ignored area, especially by those who live their lives as pastors in the clergy. The stigma of mental health within those who serve in the shadow of the cross is something that invokes the stigma of fear. Many of those in the clergy will choose to suffer in their despair rather than reaching out for help. Sometimes those suffering choose to wait until it's too late to get the real help that they need. At Wounded Warriors of the Cross our mission is to lift the stigma and the veil of silence that encompasses clergy mental health and assist those who suffer in silence. Wounded Warriors of the Cross is here to shed the light of Christ's love into those dark places.

Frequently Asked Questions

How long is this episode of Get Rich Education?

This episode is 39 minutes long.

When was this Get Rich Education episode published?

This episode was published on December 14, 2020.

What is this episode about?

Can I download this Get Rich Education episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.

URL copied to clipboard!