Get Rich Education

#40: Graham Parham, Senior Mortgage Loan Officer with Highlands Residential Mortgage in Dallas, TX, tells you how to best obtain mortgage loans for investment real estate in today’s lending environment.   Listen to this week’s show and learn:   03:02  Why you often want a mortgage loan, even if you can pay cash for a property.   04:35  Your downside risk of high leverage.   05:50  Loan-To-Value ratio (LTV) explanation and significance.   08:08  Last chance to invest in your own Panama coffee farm parcels at a discount.   12:38  Mortgage Banker and Mortgage Broker - what’s the difference?   14:00  Why it’s more difficult to qualify for a loan today.   18:01  The three “C”s: Credit, Capacity, Collateral. Your requirements for credit score, reserves, and down payment.   23:44  Interest rates for an investment property are higher than for a primary residence.   24:39  How long will interest rates stay low?   26:08  Are 40-year mortgages coming?   28:50  Your debt-to-income