Richard Advani of Guaranteed Rate joins Marck to discuss creative solutions to combat rising interest rates and how investors can use a 30-year fixed mortgage to their advantage.
Key Talking Points of the Episode:
0:00 – Intro
1:02 – Who is Guaranteed Rate?
1:44 – Investors using 30-year fixed mortgages
3:16 – How Richard has used 30 -year fixed mortgages
5:11 – How rare a 30-year fixed mortgage is
5:41 – Loans for foreign nationals
6:09 – Application process for investors
9:45 – How down payment affects interest rates
10:55 – Product offerings
15:39 – Interest only loans
18:06 – Does FICO score matter?
19:31 – Spousal benefits
23:31 – Coaching children about real estate
28:54 – Can you 1031 exchange and get a 30-year fixed mortgage?
35:10 – Combating rising interest rates
37:50 – Visiting SBD Housing’s new construction projects
42:08 – Richard’s golf foresome
