Mortgage Monday -Look for THIS in a Conventional Loan | Episode 53

Summary In this episode of Real Talk Real Estate, David Greene and Christian Bachelder discuss the ins and outs of conventional loans, including their strengths and weaknesses, the importance of choosing the right loan officer, and the process of getting pre-approved. They emphasize the need for thorough documentation, quick turnaround times, and the significance of staying informed about industry changes. The conversation also touches on the importance of personal service in the mortgage industry and the value of defensive investing in uncertain economic times. Chapters 00:00 Introduction to Conventional Loans 01:10 Understanding Conventional vs Non-QM Loans 02:12 Strengths and Weaknesses of Conventional Loans 03:20 Choosing the Right Loan Officer 04:41 Pre-Approval vs Pre-Qualification 06:26 Importance of Documentation in Pre-Approval 08:09 Turnaround Time for Pre-Approval 10:51 Staying Updated with Industry Standards 12:20 Finding Rates on Sale 16:01 The Importance of Transparency in Loan Estimates 20:46 Understanding Lender Practices and Client Choices 21:44 Waiving Impounds: Benefits and Costs 23:09 The Importance of Keeping Your Lender Involved 26:54 The Role of Loan Brokers in Securing Better Rates 30:20 The Importance of Clear to Close Turnaround Times 34:54 The Commitment to Client Service and Availability Follow David: @DavidGreene   DavidGreene24.com RealTalkRealEstate.com Podcast-The David Greene Show Spotify, Apple Podcasts Book a session with David: [email protected] Ask a Question: DavidGreene24.com/ask Find me on the “minnect” app Real Estate University: SpartanLeague.com Join my Free Newsletter: Davidgreene24.com/textletter Finance Your Real Estate TheOneBrokerage.com Intake@TheOneBrokerage @theonebrokerage Free Textletter DavidGreene24.com/join STR Management [email protected] Investor Retreat DavidGreene24.com/retreat