185: Top Lenders on Mortgage Rate Predictions + Loans You’ve NEVER Heard Of

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 1 February 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

We know mortgage rates will fall this year, but how long will we have to wait? Will they get down to the fives or stay in the six-percent range? And even if the Fed lowers the federal funds rate, will this significantly impact mortgage rates? We brought on three elite lenders to get their takes on when rates will drop, how low they could go, and why waiting for lower rates is a riskier decision than you think. Caeli Ridge joins us again as our go-to investor-lender combo, and Krystle and Kenny Simpson, San Diego-based lenders, are on the show to give their viewpoints from the small investor and large commercial lens. Plus, these lenders are about to share the info on some investor loans that you may have NEVER known about—loans that other investors are taking advantage of TODAY to get deals done, even with high interest rates. Speaking of high interest rates, our lenders show mathematical proof that rates are NOT the defining factor of your real estate deal and how waiting for a half-percentage drop could cost you more than you think. Plus, the commercial real estate “bloodbath” coming for one certain sector unless local governments step in. In This Episode We Cover: The investor loans that you’ve NEVER heard of that are being used TODAY to get deals done Mortgage rate predictions and how low rates could go by the end of 2024 The commercial real estate drop-off and why buying/selling has come to a halt High-rate investor HELOCs you can get today that’ll cost you LESS than a thirty-year mortgage Huge opportunity in commercial real estate as one sector becomes a “bloodbath” DSCR, non-QM, and other investor-only loans you can take advantage of NOW And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Hear Our Last Interview with Caeli Fannie Mae’s Mortgage Rate “Range” to Expect in 2024 and 2025 Connect with Caeli: Caeli's BiggerPockets Profile Caeli's Instagram Caeli's LinkedIn Caeli's Website Connect with Krystle and Kenny: Kenny BiggerPockets Profile Krystle's Instagram Kenny's Instagram Krystle's LinkedIn Kenny's LinkedIn Kenny's Twitter Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-185 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, everyone, welcome to On the Market.
0:09.2	I'm your host, Dave Meyer, and today we are talking about loans, loans, and more loans.
0:16.0	I know mortgage rates and the cost of debt is on everyone's mind.
0:21.3	So we are bringing together three excellent lenders from across the spectrum of different
0:26.5	types of loans to talk about what they're seeing in the market today.
0:31.5	And they're going to share their knowledge about where they think rates are going and I think
0:35.5	really crucially about what loan products are
0:38.1	working right now in today's environment. Our first guest you might recognize she has been on
0:44.0	on the market a couple of times. Her name is Jaley Ridge. She's the president and CEO of Ridge
0:48.8	Lending Group. She's a real estate investor and has been doing this for a very long time. And we also
0:53.5	have two new panelists joining us today.
0:56.8	Kenny Simpson, who is a loan officer, works mostly in residential with investors out of San Diego.
1:03.4	And his wife, Crystal Moore, who is a commercial lender and has a huge depth of experience
1:09.7	in commercial loans.
1:10.7	And we're going to learn a lot about
1:12.2	everything that these three lenders are doing today. So with no further ado, let's bring on
1:17.6	our panel to talk about the state of lending in January 2024. Jayley, welcome back to the show.
1:31.4	It's great to have you back.
1:32.3	For anyone who didn't listen to your previous appearances, can you just remind everyone
1:36.9	where you're located and what you do as a lender?
1:40.5	Absolutely.
1:41.0	Hi, Dave.
	...

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