Mastery Coaching Teach Call with Mortgage Broker

The Topics of the Call were the Current Rates, where the rates are
projected to go and who is lending money and at what terms. Other Key
Points

  • Indiania, Michigan, Houston, Ohio (except for Columbus), Macon (GA), &
    Jacksonville(FL) are Pre-Review Mkts. Atlanta, and Florida Have come off
    the Pre-Review list
  • What to do if you have 3 partners and one of them has bad credit. What
    to do with a property with a bad roof? What is the timeline for Fannie
    Mae to close a loan, when does the clock start? What type of historical
    financials at the minimum do they need?
  • How to structure the loan for a (3) property portfolio ? What are the
    portfolio rules, exit strategies and risks?

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