BiggerPockets Money Podcast 303: The Secret Steps to Getting Qualified for the Best Mortgage Possible
You may have seen mortgage tips posted throughout the forums or in the BiggerPockets Money Facebook Group, but rarely do you get preapproval tips straight from a lender themselves. As the housing market stays hot and interest rates continue to rise, it may seem harder and harder to get approved for the amount, or the interest rate, that you want. Now, instead of guessing what you can do to increase your financeability, you can get answers directly from the source!
Joining us today is Jon Lallande, former mortgage lender, now real estate investor. Jon has helped close tens of millions of dollars in mortgages and has funded homes across the US. He’s on today to help us separate the wheat from the lending chaff so you can have a smoother preapproval process. Jon touches on the different types of lenders, how to increase your credit score before you apply for a loan, getting around lender “overlays”, and how tax deductions can be dangerous for self-employed professionals.
No matter your qualification query, Jon probably has an answer to it. Listening to this episode may just give you the steps you need to finally lock down that first deal, primary residence, or next investment property!
In This Episode We Cover
The easiest way to make yourself “attractive” to a lender
Lender overlays and how to get around them so you can get preapproved
The easiest way to raise your credit score so you can get the best loan possible
The upside of PMI (private mortgage insurance) and how to purchase properties with low money down
Why many investors put themselves in mortgage fraud territory and how you can stay out of it
How to get a mortgage as a self-employed individual and when NOT to take deductions
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
Finance Review Guest Onboarding
Apply to Be a Guest on The Money Show
Subscribe to The “On The Market” YouTube Channel
Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets
Finance Friday: Building Your Financial Runway Even with Irregular Income w/ Eric Dunn
Finance Friday: Should You Pay Off Your Mortgage Early or Invest?
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