Why Are Appraisal Protocols So Inconsistent?
Jeff sheds light on the manner in which Covid has driven the backlog of home appraisals and created the perplexing duality of low-interest rates/high housing prices. Gentille Chhun, Mitch McClellan, and Jennifer Conrad give their input on how to navigate a multiple-offer market, what’s happening in talk radio, and the importance of loan officers.
The Ripple Effects of Covid and Weather on Real Estate
Jeff investigates how Covid, weather-related incidents, and natural disasters are impacting both the loan application process and the national real estate market in general. LaWanna Bradford, Eddie Rael, and Darren Woodworth provide perspectives on how different parts of the country are dealing with these issues.
An Interesting Summer in the Housing Market
In this episode, Jeff explores the factors involved in creating this most unusual housing market. What programs are advantageous today compared to those anticipated in the future? How do rates affect the decision in choosing a QM or non-QM loan? Jeff’s guests Maria Schroeder, Brenda Scott, and Charles Giscombe help to shed some light on how this summer’s unique circumstances are being addressed.
Big Surprises and Breakthroughs in the Bond Market
Jeff discusses the bond market’s unexpected turn, which was the polar opposite of expectations. How does that correlate to the availability of inventory? The ability to repay rule is changing, and the QM loans qualifications are evolving with it. He gains some insight on the home affordability in different markets from guests Jill Denton, Connie Hernandez, and Laura Preege.
Is Real Estate a Contact Sport?
Jeff makes sense of the confusing information surrounding the loan-making process and how to best navigate through it. Guests Noah Schuffman and Bill Orr discuss securitization, niche product offerings, and the drawbacks of a seller’s market.
There’s More to a Good Rate Than Just the Lowest Number
Jeff details the elements that go into determining how you qualify for the lowest rate – what makes up the rates, how credit scores are used, and the external factors happening in the economy. Charles Giscombe, Parzad Razi, and Rebekah Fitzgerald discuss getting into a new home now post-COVID, low FICO score programs coupled with manual underwriting, and the advantages of being in the real estate business.
Should You Refi?
Jeff explains how interest rates are set, noting the 10-year bond’s performance as a crucial component, and why he believes we’re in an artificial market because of the way the government purchases debt. His guests, Chris Groves and George Gonzales, discuss new purchases vs. refinancing, appraisal concerns, and which programs are most advantageous to their clients.
Unusual Factors Affecting Homeownership
Jeff discusses the problem of the surplus of available jobs relative to negative population growth and how that translates into difficulties in creating homeownership. He and his guests Alma Carrera and Tomas Trujillo explore bank statement loans for those who are self-employed, non-QM programs, and down payment assistance.
Is Speed an Advantage in Getting the Best Possible Loan?
Jeff weighs the pros and cons of trying to get a home loan quickly vs. taking time to get help with researching one that is tailored to your individual needs, Prime/Alt Prime Loans, and wading through the sheer number of other potential buyers in this low-inventory housing market with guests Bill Orr, April Lopez, and Richard Giscombe.
Don’t Settle for a Cookie-Cutter Loan
Jeff stresses the importance of finding the right loan officer for your situation and being honest with them during the application process, introduces some of the latest loan programs and financial products, and helps define an “invisible loan” with guests Celia Rios, Taryll Robinson, Reed Blake, and Richard Greene.
