In case you hadn’t noticed, the rules of the real estate game have changed a lot over the last 2 years – much of it driven by dramatic changes in where mortgage money comes from and how it gets to market. In this broadcast, The Real Estate Guys talks about the current state of the union when it comes to residential real estate finance.
The brains in the house for this enriching broadcast are:
- Host Robert Helms
- Co-Host Russell Gray
- “The Godfather of Real Estate” Bob Helms
- Certified Equity Happens Mortgage Consultant Marty Sonke
The show kicks off with The Guys talking about how the mortgage meltdown has affected the game of real estate investing. Then special guest contributor and mortgage originator Marty Sonke calls in to provide a front line update on what loan programs are and are not available today. Hint: There’s one segment of the market where money is easiest to get.
We also talk about the real world ramifications of recent legislation intended to “help” improve the market. HVCC and MDIA are well intentioned, but also have created some new issues for mortgage originators and borrowers. What is HVCC and MDIA you ask? Well, you’ll just need to listen to the show! 😉
With so many people unemployed and underemployed, many of whom are starting businesses, Marty gives us the 411 on the new rules for self-employed borrowers. He also brings us up to speed on two of our favorite tools for freeing up idle equity: HELOCs and Cash Out Re-Fi’s.
What about borrowers with less than perfect credit? Marty tells us about the new options for sub-prime and “Alt-A” borrowers.
We close the show talking about adjusting your expectations to fit the new reality of real estate finance. The game is far from over and real estate is not dead – it’s just different.
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