Conventional financing options for getting a mortgage on a real estate investment have been drastically reduced this month. Variable mortgages are suddenly expensive, 40 year amortizations are gone, and insured no money down deals have been removed. It’s a challenging market for home buyers and real estate investors, and the headlines in the media are so confusing. We wanted to get to the bottom of the market, and get the answers to our questions.
CLICK THE LINK TO LISTEN TO THE INTERVIEW
Part 2:I’m a real estate investor, what tips can you give me for getting bank financing and what impact has the removal of insured 40 year amortization mortgages and no money deals had on the mortgage market?
Cindy Faulkner of Meridian Coastal Mortgages spent several hours with us explaining the market and what is happening. Listen as Dave Peniuk (of Rev N You) asks Cindy for her insights and find out what mortgage Cindy recommends you get in right now if you’re an investor or someone buying your family home.
Thanks for stopping by and getting the facts on what is happening in the market today! We have some great podcasts planned for the future so pleasesign up for our Rev N You with Real Estate newsletter to be certain you don’t miss any of the important market updates!