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Financial Independence Day
Description
Your Financial Independence Day happens when your residual income stream amount exceeds your basic monthly expenses.
Rental demand is high for three big reasons: rates are rising, stringent mortgage qualification standards, housing undersupply.
I answer three listener questions: Should I make a big down payment? Is borrowing at lower than inflation profitable? What about prepayment penalties?
Ridge Lending Group President Caeli Ridge joins us to discuss today's mortgage lending landscape.
Today, are ARMs beginning to make more sense than fixed-rate mortgages? We explore.
Learn about the cash-out refinance climate. Second mortgages on income properties are still limited.
Does it ever make sense to refinance to a higher mortgage interest rate? We discuss.
Caeli Ridge thinks mortgage rates will keep rising.
Resources mentioned:
Show Notes:
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE
or e-mail: info@RidgeLendingGroup.com
Freddie Mac Includes On-Time Rent Payments Into Underwriting:
https://www.housingwire.com/articles/freddie-mac-to-include-on-time-rent-payments-into-underwriting/
Airbnb Enacts Permanent Party Bans:
https://www.cnbc.com/2022/06/28/airbnb-makes-its-party-ban-permanent.html
JWB's available Florida income property:
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Partial transcript:
Welcome to GRE! I'm your host, Keith Weinhold. Happy Financial Independence Day on American Independence Day.
I answer some of your most burning listener questions today.
Shifts in the mortgage market could now change your strategy.
Does a cashout refinance t