Attention Investors: Finding the dollars
Wanted to let everyone know I’ll be speaking in front of a group of investors in Kalamazoo, Michigan on August 27th. If you are thinking about buying a rental property or looking to expand your portfolio this would be a great opportunity to not only learn more about the mortgage guidelines and process, but also network with a group of local landlords.
Here are some highlights of what I will discuss:
- Preparing for the next purchase – What the lender is looking for
- Tips and tricks to qualifying
- Low down payment options on nonowner occupied homes
- Renovation options for investors
- The real Fannie Mae guidelines
- Learn about a low down payment 2 – 4 unit owner occupied renovation government back mortgage program
- Cashing out equity on a current rental to purchase more properties
A little more about this group. The organization is called KARHA-IEN and you can find out much more about rental properties on their website www.karha.com
Hope to see you at this meeting!
GUEST WELCOMED!
TUESDAY August 27th, 2013 at
5225 Portage Rd
Portage, MI 49002
6 PM DINNER AND 7 PM MEETING START
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Jumbo vs Conventional Loan
JUMBO LOAN VS. CONVENTIONAL: WHAT KALAMAZOO MOVE-UP BUYERS MUST KNOW
Are you shopping for a luxury executive home or a custom build in Texas Township, Portage, or Richland?
Yesterday, a move-up buyer walked into my office after touring a gorgeous five-bedroom home near Texas Corners. The listing sat well above their previous starter home price point, and they were trying to calculate their down payment strategy.
They asked me, “Jeremy, at what price point does our mortgage switch from a standard Conventional loan into a Jumbo loan? Do Jumbo loans require massive 20% cash down payments?”