240: New 1st Lien HELOC (All-In-One Loan) with Caeli Ridge
More people are renting. The homeownership rate has declined to 64%, from 69% in 2005. Credit score “inflation” has occurred due scoring model changes and a strong economy. The average FICO score is now 704, a record high. GDP in Q1 grew 3.2% year-over-year, exceeding expectations. A new program called the Home Select Loan (All-In-One Loan) operates similar to a 1st Lien HELOC. Ridge Lending Group President Caeli Ridge a I discuss the details: Line Of Credit for 30 years 80% LTV on home, 70-75% LTV on investment property No principal payments due for ten years Potential interest savings Better liquidity Interest rate based on LIBOR + a margin Use the simulator to see how much interest you save vs. your current mortgage. I bring you today’s show from Dallas, TX. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold