220: Top Lenders Share “Good News” for Mortgage Rates + Trending Investor Loans
On The Market
Shownotes Transcript
We may be close to some serious mortgage rate relief, according to today’s panel of top lenders. With interest rates) finally starting to slide after cooling inflation and lackluster job growth, investors are gaining hope that we could see **more affordable mortgage rates resurface after a very harsh past two years. So, what could come next? Stick around because we’ve got mortgage rate predictions and the best **investor loans) to look for coming up in this episode!
Caeli Ridge, Krystle, and** Kenny Simpson**, our expert investor-lenders, are back on the show to give their take on the commercial and residential mortgage space. All are **feeling a bit more optimistic **as we see **rates finally trend into the six-percent range **for primary residence homebuyers, with rates up another percent or so for investors. But with today’s mortgage rates still relatively high, which loans should investors use? From DSCR loans) (debt service coverage ratio) to HELOCs (home equity line of credit)), construction loans, and more, we’ll get into each of these loan products and share which ones investors are taking advantage of today.
Plus, if you’re struggling to **find **cash flow) in today’s tough housing market, our lenders offer some simple but significant **solutions to boost your ROI **and help you build your portfolio. **Do you have an adjustable-rate mortgage? **If so, you MUST heed our commercial lender’s words, as you could get a surprise increase in your monthly mortgage very soon.
In This Episode We Cover
Top lenders’ mortgage rate predictions and updates on today’s rates
Why mortgage rates haven’t fallen faster and why there’s hope on the horizon
**Trending loan products **investors are using to **build **their real estate portfolios even with high rates
Why commercial lenders are getting cautious and starting to deny this one type of loan
ADU (accessory dwelling unit)) lending updates and why it could be easier to get ADU funding soon
How to boost your cash flow and maximize your ROI WITHOUT buying more properties
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise)
Connect with Other Investors in the “On The Market” Forums)
Subscribe to The “On The Market” YouTube Channel)
On The Market Podcast 184 - Fannie Mae’s Mortgage Rate “Range” to Expect in 2024 and 2025)
Connect with Caeli :
Caeli's BiggerPockets Profile)
Connect with Krystle and Kenny:
Kenny's BiggerPockets Profile)
Jump to topic:
(00:00) Intro
(01:07) Mortgage Rate Predictions + Update
(08:16) Trending Loan Products
(11:29) Commercial Lenders Get Cautious…
(19:41) Everyone’s Building ADUs!
(26:29) Advice for 2024 Investors
(33:07) Work with a Solid Lender
Check out more resources from this show on BiggerPockets.com) and https://www.biggerpockets.com/blog/on-the-market-220)
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]).
Learn more about your ad choices. Visit megaphone.fm/adchoices)