The Setup:
The housing market has seen incredible growth over the past few years and the low interest rates have been a big driver of that. Many people have been taking advantage of this current investing environment to buy properties that will generate income. Today we continue our discussion with Gary Kubalski and Keith Abramo from Union Savings bank to learn more about the different mortgage options available and what that process entails.
The Combination and Key Points:
Even though mortgage rates have been on the rise the past few months, there are still a significant number of people buying homes as an investment.
We work with clients all the time to help build that into their overall retirement plan, but we leave the actual lending discussions to professionals like Gary Kubalski and Keith Abramo from Union Savings Bank. In this part two of our discussion, they’re going to take us deeper into the mortgage lending options they offer and the process to secure those loans.
If you missed the first episode, we dove into interest rates a bit deeper along with adjustable rate mortgages and some other recent trends. Check it out to learn more.
Here are some of the things you’ll learn on this episode:
- What are blanket loans? (1:28)
- What key qualifications are lenders looking for? (2:52)
- Bridge loans vs blanket loans (5:22)
- How they assist people that are interested in commercial investing (12:30)
- Ways they work with the local community. (19:35)
If you’ve enjoyed this podcast and want to learn more about how we can help you financially, please reach out and we’ll be happy to set up a time to talk.
If you have any questions, please reach out to us at https://www.baschrock-fg.com/ or give us a call at 330-473-1060
Thanks for listening to another episode of Unlocking Your Financial Future. We’ll talk to you again next week!
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