Mortgages 102 For Realtors: Alternative Lenders & Refinancing (Dream Maker Team Training)

As a realtor, you will shine above the rest if you know the important conversation points on mortgages beyond mortgages 101. In this episode of mortgages 102, I speak to the Dream Maker team in Toronto about why alternative lenders can make more sense than prime lenders for many self-employed clients who have money tied up in investments. There are also alternative lenders with 40-year amortizations and no stress test which boosts affordability by $200,000-$400,000. With the recent appreciation of home value, there is a lot of home equity that can be tapped into with refinancing to pay off debt or put some a new down payment for an investment property. Timestamp: 11:50 None Stress-Test and Alternative Lenders 17:40 How you can avoid the stress test and use a 40-year amortization to afford more 22:24 Refinancing with HELOC’s 28:32 How to sell and buy at the same time (bridge loans) 32:39 New first-time home buyer programs 37:00 How to add healthy urgency for buyers to buy Paul Davidescu (www.levelupmortgages.com) Level Up Mortgages 604-809-3188 paul@levelupmortgages.com Subscribe to Level Up Mortgages YouTube Account: http://bit.ly/LevelUpYouTubeSubscribe Email Paul to Level Up your mortgage planning: paul(at)levelupmortgages.com Talk to us or if you want some quick replies, connect with our Facebook Messenger Bot: http://bit.ly/MyMortgageBot Got Mortgage Questions? Trying not to freak out about something that’s stressing you out? We got you back 🙋🏽‍♂️🙋‍♀️ + Get immediate answers without needing to talk to a human 🤖 http://bit.ly/MyMortgageBot + Email me and check out our website: paul(at)levelupmortgages.com | www.levelupmortgages.com 👨🏽‍💻 + DM me on Instagram if you want to get more personal 📱 https://www.instagram.com/levelupyourmortgages/ + Get LinkedIn if you want to check our credentials 😎 https://www.linkedin.com/in/pauldavidescu/ + TikTok with us if you want to “edutainment” 🎥 https://www.tiktok.com/@levelupmortgages?lang=en + Check updates on our blog to do a deep dive 🔎https://www.levelupmortgages.com/blog