220: Top Lenders Share “Good News” for Mortgage Rates + Trending Investor Loans

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 27 May 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We may be close to some serious mortgage rate relief, according to today’s panel of top lenders. With interest rates finally starting to slide after cooling inflation and lackluster job growth, investors are gaining hope that we could see more affordable mortgage rates resurface after a very harsh past two years. So, what could come next? Stick around because we’ve got mortgage rate predictions and the best investor loans to look for coming up in this episode! Caeli Ridge, Krystle, and Kenny Simpson, our expert investor-lenders, are back on the show to give their take on the commercial and residential mortgage space. All are feeling a bit more optimistic as we see rates finally trend into the six-percent range for primary residence homebuyers, with rates up another percent or so for investors. But with today’s mortgage rates still relatively high, which loans should investors use? From DSCR loans (debt service coverage ratio) to HELOCs (home equity line of credit), construction loans, and more, we’ll get into each of these loan products and share which ones investors are taking advantage of today. Plus, if you’re struggling to find cash flow in today’s tough housing market, our lenders offer some simple but significant solutions to boost your ROI and help you build your portfolio. Do you have an adjustable-rate mortgage? If so, you MUST heed our commercial lender’s words, as you could get a surprise increase in your monthly mortgage very soon. In This Episode We Cover Top lenders’ mortgage rate predictions and updates on today’s rates Why mortgage rates haven’t fallen faster and why there’s hope on the horizon Trending loan products investors are using to build their real estate portfolios even with high rates Why commercial lenders are getting cautious and starting to deny this one type of loan ADU (accessory dwelling unit) lending updates and why it could be easier to get ADU funding soon How to boost your cash flow and maximize your ROI WITHOUT buying more properties 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 Property Manager Finder On The Market Podcast 185 - Top Lenders on Mortgage Rate Predictions + Loans You’ve NEVER Heard Of w/Caeli Ridge and Krystle and Kenny Simpson BiggerPockets Daily Podcast 1263 - Investors: Stop Worrying About Interest Rates—Here’s Why Right Now Is the Time to Buy On The Market Podcast 184 - 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's BiggerPockets Profile Krystle's Instagram Kenny's Instagram Krystle's LinkedIn Kenny's LinkedIn Kenny's X/Twitter The Simpson Team's Website Jump to topic: (00:00) Intro (01:07) Mortgage Rate Predictions + Update (08:16) Trending Loan Products (11:29) Commercial Lenders Get Cautious… (19:41) Everyone’s Building ADUs! (26:29) Advice for 2024 Investors (33:07) Work with a Solid Lender Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-220 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

Click on a timestamp to play from that location

0:00.0	Weren't interest rates supposed to come down by now?
0:03.4	Why haven't they?
0:05.2	Will they this year?
0:06.6	What loan product should investors be looking at?
0:09.3	Today, we're talking about mortgage rates and loan products.
0:16.7	Hey, everyone, it's Dave Meyer and you're listening to On the Market.
0:21.8	And a couple months ago, we had a very popular episode talking to three very experienced
0:27.8	lenders, Chaley Ridge, Kenny Simpson, and Crystal Moore.
0:31.3	And because this was so helpful to our audience in navigating the confusing lending market
0:36.6	right now, we decided to bring them back on
0:38.7	to discuss what's going on in the lending world as we're about halfway through the year.
0:43.1	And as a reminder, just to give you some context about why we're doing this again, many lenders
0:47.9	and media outlets were predicting some rate relief by now at this point in the year, but
0:53.2	we haven't seen it.
0:54.6	So we wanted to give you an update on what's actually going on and dig into what this
0:59.1	means for real estate investors.
1:00.6	So let's bring on our panel.
1:07.4	Kenny, Crystal, Chaley, welcome back to the show.
1:11.8	Thanks for being here again. My pleasure. Good to the show. Thanks for being here again.
1:14.4	My pleasure. Good to see you. Thanks for having us.
1:19.6	All right. Well, Chaley, let's start with you. Mortgage rates over the last couple of months, and we are recording this towards the end of May, just for reference for everyone,
1:24.3	have been on a little bit of a roller coaster up and down. So why don't we just start by
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.