How To Get Financing For A Home & Understanding the Mortgage Business: Alex Tarberne

Kaizen Blueprint

In this conversation, Alex Taberne, a mortgage lender with 25 years of experience, discusses the mortgage business, interest rates, relationship building, and the importance of house hacking. He also shares insights on working with local banks, the impact of down payments on interest rates, and the process of getting pre-approved for a mortgage. The conversation covers a wide range of topics related to the mortgage industry, real estate, health, and personal development. It delves into the process of getting pre-approved for a mortgage, the challenges faced by self-employed individuals, the importance of being prepared when buying a house, and the misconceptions about homeownership for the younger generation. Additionally, it explores the significance of relationships in the mortgage industry, the benefits of running as a form of exercise, and the importance of perseverance in business and life.

Takeaways

• The impact of interest rates on the mortgage business
• The importance of relationship building in the mortgage industry
• The concept of house hacking and its financial benefits
• The advantages of working with local banks in the mortgage process
• The relationship between down payments and interest rates
• The process of getting pre-approved for a mortgage The pre-approval process for a mortgage involves ensuring that all documents are up to date and being prepared to act quickly in a fast-moving market.
• Self-employed individuals and those with 1099 income need to provide two years of tax returns and ensure that their taxes have been filed for the last couple of years.
• The younger generation should be encouraged to consider homeownership as a viable option for building wealth, and real estate investing is seen as a better long-term investment than stocks.
• Relationship building is crucial in the mortgage industry, and perseverance is a key attribute for success in business and life.

Chapters

00:00
Insights into the Mortgage Business and Interest Rates

05:01
The Power of Relationship Building in Mortgages

10:43
Unlocking the Benefits of House Hacking

28:10
The Impact of Down Payments on Interest Rates

33:26
The Process of Getting Pre-Approved for a Mortgage

33:54
Navigating the Pre-Approval Process

52:16
Building Relationships in the Mortgage Industry

58:02
The Benefits of Real Estate Investing and Perseverance

• (00:00) -
• (00:00) -
• (00:00) - into the Mortgage Business and Interest Rates
• (05:01) -
• (00:00) - Power of Relationship Building in Mortgages
• (10:43) -
• (00:00) - the Benefits of House Hacking
• (28:10) -
• (00:00) - Impact of Down Payments on Interest Rates
• (33:26) -
• (00:00) - Process of Getting Pre-Approved for a Mortgage
• (33:54) -
• (00:00) - the Pre-Approval Process
• (52:16) -
• (00:00) - Relationships in the Mortgage Industry
• (58:02) -
• (00:00) - Benefits of Real Estate Investing and Perseverance