Rate Update, Trump's Dilemma and Successful BRRRR | Mortgage Monday

The David Greene Show

David Greene

Entrepreneurship, Business

5 • 653 Ratings

🗓️ 9 December 2024

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to another episode of Mortgage Monday. This week, we dive deep into the rising conforming loan limits and what that means for borrowers. We also discuss the potential for interest rates hitting 5% and the implications of current mortgage rates. Hear client success stories, including a remarkable BRRRR deal and insights on using The One Brokerage's fusion product to save money. To top it off, we analyze how the housing crisis could influence Donald Trump's policies. Don't miss this information-packed episode! 00:00 Introduction and Welcome 00:30 Understanding Conforming Loan Limits 02:23 High Balance Conforming Loan Limits Explained 06:11 Jumbo Loans and Fusion Products 11:06 Current Mortgage Rates and Loan Options 13:33 Future of Mortgage Rates and Trump's Impact 20:25 Client Success Stories and The BRRR Strategy 24:34 Wrap Up Subscribe to The David Greene Show! Apple: https://podcasts.apple.com/us/podcast/the-david-greene-show/id1755485708 Spotify: https://open.spotify.com/show/5Nu6kCJTVzM2x2WsujqBOZ Submit your question for David: https://davidgreene24.com/ask Contact Christian: [email protected] @theonebroker www.TheOneBrokerage.com Follow David: @DavidGreene DavidGreene24.com RealTalkRealEstate.com Podcast-The David Greene Show Spotify, Apple Podcasts Book a session with David: [email protected] Ask a Question: DavidGreene24.com/ask Find me on the “minnect” app Real Estate University: SpartanLeague.com Join my Free Newsletter: Davidgreene24.com/textletter Finance Your Real Estate TheOneBrokerage.com Intake@TheOneBrokerage @theonebrokerage Free Textletter DavidGreene24.com/join STR Management [email protected] Investor Retreat

Transcript

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0:00.0	Welcome to Real Talk Real Estate, the show where we cover how to build wealth in real estate with no fluff, no BS, and no sales pitches.
0:07.0	I'm David Green, and I've been doing this for over 10 years. I've seen the ups, the downs, and everything in between.
0:13.0	This is the show where we pull back the curtain and show it to you too.
0:16.0	So if you want to build wealth through real estate or you just love learning about it you found your home welcome everybody happy
0:27.6	monday everybody's favorite day of the week and why is that not only do you get to go back to
0:32.9	work and sit in that commute you also get to be joined by the lovely sexy sounds of Christian Bousselder and I
0:38.9	here on Mortgage Monday. So glad you're joining us today. Christian, how are you doing? I'm doing good.
0:44.5	Another Monday, another round of mortgage advice and guides for our listeners. Yep, and we got a great show
0:49.6	jam-packed with tons of good information, so sit down buckle up and get yourself ready because
0:54.8	it's coming at you like water out of a fire hose our first topic today conforming loan limits are
1:00.0	going up christian let's talk about it what are conforming loan limits and why do they go up yeah this is
1:04.8	always something that we in the industry kind of look forward to at the end of every year um i guess
1:09.2	i should say the end of every year in the last 10 years dealing with inflation. So just like everything goes up, conforming loan
1:16.2	limits is the maximum threshold in terms of loan amount that you can go to before your loan
1:22.5	becomes what's known as jumbo. So anything that when you guys hear, Fannie Mae, Freddie Mac, FHA, right, all of these
1:29.4	like government sponsored loan products, they have a maximum threshold you can go to. For instance,
1:34.1	you can't get a $6 million dollar Fannie Mae loan, right? When Beyonce and Jay Z are buying there,
1:38.3	they're $20 million, you know, Beverly Hills Mansion, they're not using a Fannie Mae loan. I mean, maybe they're putting $39 million down
1:45.3	and getting $1 million loan, but probably not, right? So these are loan products for the vast
1:49.5	majority of America that usually fall within the thresholds, and it's based on zip code and
1:55.3	county. Okay. So every single county in America, and obviously we can't show all of them on the show.
2:02.5	So I'm just going to hone in on California just for an example.
	...

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