Loan Officer Training (7/3/23): Fixed Rate Second Mortgages

from Loan Officer Training with The Mortgage Calculator · host The Mortgage Calculator

Using a fixed rate second mortgage allows our borrowers to keep their low fixed first mortgage and cash out with a 2nd mortgage, resulting in a lower blended rate overall. As HELOCs are ever increasing in cost as the markets raise rates, a fixed rate 2nd mortgage is a great option for borrowers needing flexibility and cash out without losing their amazing rate on their first mortgage!The Mortgage Calculator Mortgage Loan Officer Training Series covers an in depth training for new and experienced MLOs on different loan types. Our program features a live demo to not only structure a loan, but also the specific setup of a loan file in an LOS system such as Encompass.For more info visit https://themortgagecalculator.comLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as thousands of Non-QM mortgage loan program variations using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes!Our team of licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as acces...

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This episode is 25 minutes long.

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This episode was published on July 3, 2023.

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