In this episode of Property Prophets, host Travis Wells and Courtney Wright discuss various financing options and programs for real estate investors. Courtney, with Happy State Bank, highlights some niche programs that their bank offers, including non-QM programs and bank statement programs for self-employed individuals. She explains the requirements and benefits of these programs, such as not needing financials or tax returns and offering flexible debt-to-income ratios. Courtney also mentions their investor cash flow program, which is designed for investors with multiple investment properties and allows for cash-out refinancing, rate and term refinancing, and no cap on the number of investment properties owned.
Travis and Courtney clarify details about down payments, interest rates, bridge loans, seasoning periods for refinancing, and the loan-to-value ratio (LTV). Courtney emphasizes the importance of finding the best interest rates and explains how their bank's portfolio products can provide more creative solutions compared to conforming loans under Fannie Mae and Freddie Mac guidelines.
🎧 Enjoyed this episode? Don't forget to hit the like button and subscribe to Property Prophets for more valuable insights and captivating conversations with real estate experts. Your support means the world to us!
Follow Travis on social media for even more Real Estate Advice: www.facebook.com/travis.wells.7587
