How CMG Home Loans is Revolutionizing the Path to Homeownership:: Ep 13 Mortgage Wise with Rose Marie and Natalie

In this episode, Mike sat down with his two bosses, Rose Marie and Natalie. They discuss the benefits of joining CMG, highlighting its innovative products and strategic leadership. They emphasize the Home Funded program, which allows customers to crowdsource down payment funds, and the All-In-One loan, which combines a mortgage with a checking account to reduce interest expenses. They discuss the importance of not waiting to buy real estate due to its long-term appreciation and the potential impact of future interest rate changes.

Rose Marie is an SVP Retail Sales Exec at CMG and joined the company during a strategic transition period when CMG acquired Home Bridge. She has been in the industry for more than 30 years.

Natalie currently serves as Divisional Vice President of the Northwest Division at CMG Financial. She is known for her extensive experience in the real estate and mortgage industry, having bought and sold numerous homes over the past 30 years. She is part of the executive team and has worked closely with Natalie for many years through various companies. Rose Marie and Natalie have worked closely for many years through various companies.

Highlights:

Innovative Products and Strategic Leadership (4:00)

Market Conditions and Future Projections (5:30)

The All-In-One Loan: A Game-Changer (8:54)

Consumer Affordability and Down Payment Myths (18:41)

Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.

Follow along at www.mortgagewisewithmikewise.com

This podcast is produced by Jim McCarthy and ItsYourShow.co

Exploring Alternative Lending Solutions for Self-Employed Borrowers:: Ep 12 Mortgage Wise with Mike Wise

This episode covers the evolution of non-QM (non-qualified mortgage) loans, also referred to as non-agency loans. It provides historical context on the subprime lending crisis and how the non-QM market has since developed more robust underwriting standards focused on the borrower's ability to repay.

We explain the various methods for qualifying self-employed borrowers for non-QM loans, including using bank statements, gross receipts letters from CPAs, profit and loss statements, and debt service coverage ratio (DSCR) calculations for investment properties.

The conversation highlights how non-QM lending has become a more mainstream option, with the market share growing from less than 1% to potentially 8-10% of the overall mortgage market. This growth is attributed to higher interest rates making non-QM products more attractive and increased the competition and performance of these loan types.

Highlights:

Historical Context and Market Share (3:26)

Loan Officer Perspectives and Market Trends (5:41)

Qualifying for Non-QM Loans (14:25)

Debt Service Coverage Ratio (DSCR) (28:34)

Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.

Follow along at www.mortgagewisewithmikewise.com

This podcast is produced by Jim McCarthy and ItsYourShow.co

Hard Money Lending with Nick Blatin :: Ep 7 Mortgage Wise with Nick Blatin

Nick Blatin shares his expertise in real estate investing and private lending, emphasizing the importance of trust, experience, and calculated risks. He discusses his journey from a high school dropout to a successful real estate agent and hard money lender, highlighting challenges and lessons learned along the way.

From Nick:

“When Banks Say No... Private Money Is The Only Way To Go! Private Money Solutions is a direct hard money lender in Los Angeles, NOT a broker. We provide fast hard money mortgage loans simply based on the equity in your property. Since 2001, we have funded over $1 Billion! We currently have over $250 Million+ loans under management. Call or text for an immediate wholesale pricing quote today!”

Highlights:

Real estate and hard money lending with a focus on risk assessment. (2:18)

Real estate loans in a recession, with a focus on loan requests and decision-making. (16:39)

Loan processing times and strategies to save deals. (21:07)

Follow Nick:

https://www.linkedin.com/in/nickblatin/

https://pmshardmoney.com/

Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.

Follow along at www.mortgagewisewithmikewise.com

This podcast is produced by Jim McCarthy and ItsYourShow.co