240: New 1st Lien HELOC (All-In-One Loan) with Caeli Ridge


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By Keith Weinhold. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

More people are renting. The homeownership rate has declined to 64%, from 69% in 2005.

Credit score “inflation” has occurred due scoring model changes and a strong economy.

The average FICO score is now 704, a record high.

GDP in Q1 grew 3.2% year-over-year, exceeding expectations.

A new program called the Home Select Loan (All-In-One Loan) operates similar to a 1st Lien HELOC.

Ridge Lending Group President Caeli Ridge & I discuss the details:

  • Line Of Credit for 30 years
  • 80% LTV on home, 70-75% LTV on investment property
  • No principal payments due for ten years
  • Potential interest savings
  • Better liquidity
  • Interest rate based on LIBOR + a margin

Use the simulator to see how much interest you save vs. your current mortgage.

I bring you today’s show from Dallas, TX.


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