How to Get a Mortgage for a Rental Property (Step-by-Step)

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  • Опубліковано 28 вер 2024

КОМЕНТАРІ • 21

  • @samuellouissaint4955
    @samuellouissaint4955 4 місяці тому +7

    Great info. Planning on buying another property this year. This is helpful.

    • @jeffthemortgageexpert
      @jeffthemortgageexpert 4 місяці тому

      Thank you and I'm glad you enjoyed it! Reach out if you have any questions! 😀

    • @icemanant3098
      @icemanant3098 4 місяці тому +1

      Good luck, sending successful vibes your way

  • @ChuckNorris-Investor
    @ChuckNorris-Investor 4 місяці тому +4

    Awesome Show
    I plan on reaching out for some Loans now!

    • @jeffthemortgageexpert
      @jeffthemortgageexpert 4 місяці тому +2

      Thanks and gald you enjoyed it! I'm looking forward to connecting! 😀

  • @jamespeter991
    @jamespeter991 3 місяці тому

    Is 101.5 the official name of the program?

  • @jamesjanotta2363
    @jamesjanotta2363 4 місяці тому +2

    So I can use my 401k to help qualify? Thanks

    • @jeffthemortgageexpert
      @jeffthemortgageexpert 4 місяці тому +1

      Yes! It can easily be used with the non-conventional asset qualifier program if you are under 62, or with conventional financing if you are over 62. My contact info is in the show notes and reach out if you would like to discuss it! 😀

  • @evefavorse5939
    @evefavorse5939 3 місяці тому

    Great information

  • @AdrianaHernandez-hj6zz
    @AdrianaHernandez-hj6zz 4 місяці тому +1

    Hi Jeff, can you share you info so I can connect. I’m interested in a loan and want to know what options I have thanks in advance.

    • @jeffthemortgageexpert
      @jeffthemortgageexpert 4 місяці тому

      UA-cam doesn't like it when I put my website or phone number in the comments for some reason, but my contact info is in the show notes and I look forward to connecting with you! 😀

  • @JessicaUresti01
    @JessicaUresti01 4 місяці тому +2

    My loan officer is requiring 25% down for a duplex?

    • @jeffthemortgageexpert
      @jeffthemortgageexpert 4 місяці тому

      We have a 20% down investment option for 2-4 units. Reach out and my contact info is in the show notes.

    • @abriyahyasha-rahla2656
      @abriyahyasha-rahla2656 4 місяці тому +2

      That sounds about right.

    • @JessicaUresti01
      @JessicaUresti01 4 місяці тому

      @@abriyahyasha-rahla2656 Yea I think this video didn’t mention 25% down payment. Not sure.

    • @jeffthemortgageexpert
      @jeffthemortgageexpert 4 місяці тому +2

      Conventional financing (Fannie Mae/Freddie Mac) requirements are 5% down if it's your primary or 25% down if it's a 2-4 unit investment property. There is a non-conventional loan program that has a 20% down requirement for 2-4 unit investment properties and not all mortgage companies offer it. Hope this helps and reach out if you have any questions. Have a great weekend! 😀

  • @AdrianaHernandez-hj6zz
    @AdrianaHernandez-hj6zz 4 місяці тому +1

    Hi Jeff, can you share you info so I can connect. I’m interested in a loan and want to know what options I have thanks in advance.

    • @jeffthemortgageexpert
      @jeffthemortgageexpert 4 місяці тому

      UA-cam doesn't like it when I put my website or phone number in the comments for some reason, but my contact info is in the show notes and I look forward to connecting with you! 😀

  • @AdrianaHernandez-hj6zz
    @AdrianaHernandez-hj6zz 4 місяці тому +1

    Hi Jeff, can you share you info so I can connect. I’m interested in a loan and want to know what options I have thanks in advance.

    • @jeffthemortgageexpert
      @jeffthemortgageexpert 4 місяці тому +2

      UA-cam doesn't like it when I put my website or phone number in the comments for some reason, but my contact info is in the show notes and I look forward to connecting with you! 😀

  • @aprilvancleve9463
    @aprilvancleve9463 4 місяці тому +2

    You are so knowledgeable!! Appreciate all the info.
    I have a question -- How does one start out as a loan originator without going commission only (assuming they already have their licensure)? Where do they go to get the knowledge first instead of cutting their teeth on errors and bad learning experiences?