EPISODE 024: Mortgage Broker Interview: Barry & Gleason Jones (Part 2 of 2)
Categories: Mortgage Broker Interview,
Description & Show Notes: In this episode, I continue the interview Barry & Gleason Jones of Cross Country Mortgage in Auburn. If you missed the previous episode, you should definitely start there. It is a 2-parter, but you can see the breakdown of topics covered in each episode below...
PART 1:
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?
PART 2:
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?