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Get Rich Education

263: Will 30-Year Mortgages Disappear? With Caeli Ridge

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3602 Ratings

🗓️ 21 October 2019

⏱️ 43 minutes

🧾️ Download transcript

Summary

Fannie Mae and Freddie Mac privatization could mean that the 30-year fixed amortizing loan - America’s favorite - disappears.

Ridge Lending Group President Caeli Ridge & I discuss this and more.

I describe the difference between primary and secondary mortgage markets.

Mortgage interest rates have dropped more than 1% year-over-year.

Learn what it takes for you to qualify for an income property loan today: down payment, credit score, reserves, and debt-to-income ratio.

You can put 15%, 20%, or 25% down payment on an income SFH. We discuss the differences.

1) My FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

Mortgage Loans:

RidgeLendingGroup.com

Wall Street Journal:

How Fannie & Freddie Work

MarketWatch:

FICO Scores Higher

Turnkey Real Estate:

NoradaRealEstate.com

eQRP: Text “QRP” to 72000 or:

TotalControlFinancial.com

By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Get Rich Education. I'm your host Keith Winehold. Could the 30-year loan, the most popular

0:06.1

mortgage loan type in the United States, become extinct? And what exactly does it take for you to

0:12.2

qualify for a rental property loan in today's lending landscape today on Get Rich Education?

0:21.0

The company that's provided our listeners with more loans than anyone is Ridge Lending Group

0:26.9

and MLS 42056.

0:28.9

You can finance more than 10 single families up to four plexes serving most U.S. states,

0:35.3

their knowledge and experience leads to your financial freedom.

0:38.5

They're number one in the investment space. Pre-qualify and then chat with President

0:43.5

Chaley Ridge personally. Start on your next investment property loan right now at

0:48.3

Ridgelendinggroup.com. Finally, total control financial gives you checkbook control of your 401k and IRA money to

0:59.3

invest in real estate. It's time to get your retirement money into your own checking account,

1:05.1

but you've got to avoid the little-known tax that you'll pay with any self-directed IRA. Instead,

1:10.7

it's time for the QRP.

1:13.2

Learn more and get your free copy of the QRP book by text messaging, QRP in all capital letters,

1:20.3

to 72,000.

1:26.1

You're listening to the show that has created more financial freedom than nearly any show in the world.

1:33.4

This is Get Rich Education.

1:38.7

You're doing. Here it is. Hey, welcome to get rich education. I'm your host, Keith Winehold, bringing you that weekly dose of abundance, and I've got to provide you that because the scarcity mentality is abundant and the abundance mentality is scarce. The scarcity mindset

2:03.8

says be debt free and we won't even listen to anything else. And the abundance mindset says,

2:08.9

get smart about debt and be financially free instead because that's real freedom. In fact,

2:17.4

get more debt to create cash flow for yourself.

2:21.0

Be that sophisticated arbitrageeer. That might sound sophisticated, but it really isn't.

...

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