Do Mortgage Rates Really Drop?
Manage episode 416043004 series 3498475
Summary
In this episode, Nicholas Aversa, managing partner at Charles Martin Mortgage, discusses the mortgage industry and various loan products. He explains what happens to interest rates during an election year. He also talks about niche products for investors and self-employed individuals, such as loans based on debt service coverage ratio (DSCR) and loans for business owners with tax-friendly businesses.
Our conversation also covers various topics related to mortgage rates, credit card debt, home equity lines of credit (HELOC), commercial mortgages, and real estate trends.
Chapters
00:00 Understanding the Mortgage Industry and Loan Products
12:03 Niche Loan Products for Investors and Self-Employed Individuals
20:38 Challenges of Refinancing 3% Mortgages
21:05 The Potential Need for Layoffs to Drive a Change in Rates
22:34 Introducing a New HELOC Product
26:41 The Changing Definition of a Starter Home
30:19 Challenges in the Commercial Mortgage Market
35:05 The Discrepancy Between the Stock Market and the Economy
39:24 Making a Positive Impact through Mortgages
Keywords
mortgage industry, loan products, election year, rates, niche products, investors, self-employed, debt service coverage ratio, tax-friendly businesses, stability, refinancing, 3% mortgages, layoffs, mortgage rates, credit card debt, home equity lines of credit, HELOC, commercial mortgages, real estate trends, refinancing, starter home, first-time homebuyers
Episode Resources:
👉 Blueprintforclosers.com
👉 Blog
👉 Apple Podcast
👉 Spotify
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23 episodes