Episode 4: How Mortgages and the Financial Market Works

In today’s episode, Corwyn helps us understand how the financial market works as it relates to the mortgage industry. In order to win the game, you have to know how to play the game as much as we have the responsibility to know what is going on with our community, our area, and the market that may affect us. If you’re in the market to purchase a home, you have the likelihood of being exposed to a whole range of information the average person doesn’t think about because you don’t have a working knowledge. But how are they set anyway? What is it exactly that mortgage investors like Fannie Mae, Freddie Mac do? Does this work in your area? Why do we need to understand loan limits? Finally, after your loan closes, what the heck is mortgage servicing? Listen now to know more about how these things work. Let’s dive in! WHAT YOU’LL LEARN IN THIS EPISODE: Facts about Freddie and Fannie Mae Difference between conforming and non-conforming loans How Property Manager works The reason why the housing market is increasing Learn how Freddie Fannie Mae works Learn about loan limits and their importance Why work with us Understanding the real estate market What are mortgage loans? Housing prices 5 years ago vs. the current market Understanding median home price for a home in your particular market or area Challenges of the real estate professional with their consumer and the market Struggle with Millennials with their parents and their knowledge on the realty market How to achieve anything that you want How to face challenges with credit How does a real estate professionals make your aspiration to own a home a success Why it is important to document your income Connect with Corwyn @: Instagram: https://www.instagram.com/exitstrategiesradioshow/ FB Page: https://www.facebook.com/exitstrategiessc/ New Website: https://www.exitstrategiesradioshow.com Soundcloud: https://soundcloud.com/corwyn-j-melette/exit-strategies Website: https://corwynmelette.com/