EPISODE 023: Mortgage Broker Interview: Barry & Gleason Jones (Part 1 of 2)
Categories: Mortgage Broker Interview,
Description & Show Notes: In this episode, I share an interview Barry & Gleason Jones of Cross Country Mortgage in Auburn. Barry has been in the mortgage business in Auburn for a long time, and his son Gleason is following in his footsteps. Actually, Gleason worked for me one summer, about a year before I sold all of my apartments. He was a hard worker then, and I'm sure he is still a hard worker now. The information and wisdom we get in this episode is hard to beat, so if you want to learn about loans and the mortgage process, I think you'll get a lot out of this conversation. It went so long, it ended up being a 2-parter, but you can see the breakdown of topics covered in each episode below...
Gleason's lessons from being a landlord
ARM's - are they still out there?
How do THEY determine your credit score?
Intro to Condo loans
Importance of accurate details on loan applications
How do you determine if it’s a 2nd home or investment property?
How are the loans different for a 2nd home or investment property?
Interest-Only & Construction Loans
HELOC - what are the maximum limits you can borrow?
Can you pledge other assets instead of / as a part of your down payment?
Approved sources for down payment assistance?
Let's talk about seasoning
Buying as an LLC vs buying in your personal name
Deeper dive into condos
Where are we in the loan cycle compared to 2-5-10 years ago?
A quick look at the reasons for so much development in Downtown Auburn
What type of loan would you recommend as the best for an investor?
Broker’s advice: How do I come into your office and get the best loan?