397: Mortgage Rate Shock with Caeli Ridge
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 16 May 2022
⏱️ 41 minutes
🧾️ Download transcript
Summary
Some workers cannot afford to return to the office. If they leave home, they would have new expenses for gasoline, meals, parking and the big one—child care.
Of the “5 Ways Real Estate Pays”, historically: three are now high, one is low, and one is the same.
Caeli Ridge joins us. She’s the President of Ridge Lending Group. They specialize in income property loans.
Despite higher mortgage interest rates, investor-centric mortgage companies like Ridge haven’t seen much decline in business. Learn why.
Their “All-In-One Loan” can reduce the amount of property interest that you pay over time. It’s a 30-year line of credit with high flexibility.
Use Ridge’s All-In-One Loan Simulator to see if you save: https://ridgelendinggroup.com/aio-loans/
We discuss interest-only loans (which I like) and negatively amortizing loans. The latter got borrowers in trouble during the Global Financial Crisis; LTVs were as high as 115%.
Interest rate lock periods are up to 90 days at Ridge.
Investing out-of-state is easy. A mobile notary comes to your home, office, or even on vacation at a resort.
Ridge helps you sequence your investor loans, taking a long-term, holistic approach to your financial freedom.
Resources mentioned:
Show Notes:
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 877-74-RIDGE
All-In-One Loan Simulator to see if you save:
https://ridgelendinggroup.com/aio-loans/
Dallas’ proposal to limit REIs:
JWB’s available Florida income property:
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Transcript
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| 0:00.0 | Welcome to GRE. I'm your host, Keith Weinhold. There's a concerning trend for real estate investors that's gaining traction. A review of how the Five Ways Real Estate Pays is going today. Then I talked to the president of a prominent national mortgage lender who deal specifically with investors on some key trends and the state of the lending market amidst higher interest rates today on Get Rich Education. |
| 0:26.2 | GRE listeners can't stop talking about their service from Ridge Lending Group and MLS 42056. |
| 0:32.5 | They've provided our tribe with more loans than anyone. |
| 0:35.3 | They're truly a top lender for beginners and veterans. |
| 0:38.5 | It's where I go to get my own loans for single family rental property up to four plexes. |
| 0:43.9 | So start your pre-qualification and you can chat with President Chaley Ridge personally. |
| 0:48.6 | They'll even deliver your custom plan for growing your real estate portfolio. |
| 0:53.0 | Start at ridgelendinggroup.com. |
| 0:57.8 | You know, a lot of investors choose either cash flow or home price appreciation, but one real |
| 1:02.5 | estate market could provide both Jacksonville, Florida. They've got 27% lower home prices and |
| 1:08.4 | higher rents than the national median. Their market has appreciated 34% more than other comparable cash flow markets over the last 30 years. |
| 1:16.6 | Get positive cash flow today and above average appreciation for tomorrow. |
| 1:20.1 | They often have available inventory in Jacksonville, if you can believe that, start at cashflow and growth.com. |
| 1:31.4 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:38.8 | This is Get Rich Education. |
| 1:54.4 | Thank you. Get Rich Education. Welcome to GRE from Kingston, from Kingston, Jamaica, Queens in New York City. |
| 1:59.9 | And across 188 nations worldwide, I'm Keith Weinhold. |
| 2:03.1 | This is Get Rush Education before we bring in Ridge Lending Group, President Chaley Ridge, to tell us about |
| 2:08.0 | today's mortgage lending landscape, including I'll ask her about whether higher mortgage rates |
| 2:12.9 | mean fewer refinancings and therefore layoffs and staff downsizing like some lending companies have done, |
| 2:19.5 | there are some important real estate investing trends that I want to tell you about first, |
| 2:24.1 | and they're not all good. Are you going to be banned? Canceled? Will you be banned from participating |
... |
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