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15 key points you should know about banks and residential home loans
15 reasons you should learn more about your next home loan
Working with a well-known institution or bank isn't always the best option for a mortgage. Unfortunately, a lot of people still believe that their long-standing relationship and loyalty with a bank or credit union helps in the long run. Unfortunately, banks only care about their bottom-line and profits. C2 Financial Corporation’s Loan Consultant and Branch Manager Vic Joshi breaks down 15 key points you should know about the industry, brokers, and loans before you dive into your next mortgage.
On this episode of Real Estate For Real Kerri, Vic, and myself talk about:
The difference between a Broker and a Financial Institiution
Are Brokers only concerned about their commission?
The core mission of institutional lender
What is a Broker?
Should you cut out the middle man?
Who are the worst banks?
Your loyalty to a bank doesn’t help your loan process
Are you bashing banks because your a Broker?
Does your loan officer understand your banks underwriting guidelines?
The Kerri Naslund-Monday 15 day quick close
Why do Brokers have a bad wrap?
You should shop your lenders
Does shopping your loans affect your credit?
Lenders are known to overpromise before underwriting a loan
How can I find Vic Joshi
Contact Vic
Web: http://vicjoshi.com
Facebook: https://www.facebook.com/Viral-Vic-Joshi-Mortgage-Consultant-271487609849978/
Twitter: @@ViralC2vicjoshi
YouTube: https://www.youtube.com/channel/UCXJhgjnHgRPzKFTazJihtkA
About your host Kerri
It all began with the game of Monopoly®
I grew up in the late 1970s-early 1980s when video games were either unavailable or too pricey for my welfare-dependent family. So I played board games; Monopoly was my favorite. I developed my version of the game, with credit cards, loans, and renters, by the time I was eight.
After working since age 14, and saving most of my pay, I set a goal—to become a homeowner by the time I was 25. One crack house in Oakland became “home sweet home” the day I turned 25.
Three years later my boss, Moe, at the tattoo shop asked when I was going to purchase an income property. I claimed not to have adequate savings. That’s when Moe taught me the power of leverage.Over the next couple of years, friends and family would ask me for real estate advice. After being repeatedly told, “You have given me better advice than my agent” or “If you were an agent I would use you,” I earned my license in 2006.When the housing market crashed, I had to learn and adapt quickly. Instead of praying for a market recovery I looked for oppor
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By Kerri Naslaund-Monday
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15 reasons you should learn more about your next home loan
Working with a well-known institution or bank isn't always the best option for a mortgage. Unfortunately, a lot of people still believe that their long-standing relationship and loyalty with a bank or credit union helps in the long run. Unfortunately, banks only care about their bottom-line and profits. C2 Financial Corporation’s Loan Consultant and Branch Manager Vic Joshi breaks down 15 key points you should know about the industry, brokers, and loans before you dive into your next mortgage.
On this episode of Real Estate For Real Kerri, Vic, and myself talk about:
The difference between a Broker and a Financial Institiution
Are Brokers only concerned about their commission?
The core mission of institutional lender
What is a Broker?
Should you cut out the middle man?
Who are the worst banks?
Your loyalty to a bank doesn’t help your loan process
Are you bashing banks because your a Broker?
Does your loan officer understand your banks underwriting guidelines?
The Kerri Naslund-Monday 15 day quick close
Why do Brokers have a bad wrap?
You should shop your lenders
Does shopping your loans affect your credit?
Lenders are known to overpromise before underwriting a loan
How can I find Vic Joshi
Contact Vic
Web: http://vicjoshi.com
Facebook: https://www.facebook.com/Viral-Vic-Joshi-Mortgage-Consultant-271487609849978/
Twitter: @@ViralC2vicjoshi
YouTube: https://www.youtube.com/channel/UCXJhgjnHgRPzKFTazJihtkA
About your host Kerri
It all began with the game of Monopoly®
I grew up in the late 1970s-early 1980s when video games were either unavailable or too pricey for my welfare-dependent family. So I played board games; Monopoly was my favorite. I developed my version of the game, with credit cards, loans, and renters, by the time I was eight.
After working since age 14, and saving most of my pay, I set a goal—to become a homeowner by the time I was 25. One crack house in Oakland became “home sweet home” the day I turned 25.
Three years later my boss, Moe, at the tattoo shop asked when I was going to purchase an income property. I claimed not to have adequate savings. That’s when Moe taught me the power of leverage.Over the next couple of years, friends and family would ask me for real estate advice. After being repeatedly told, “You have given me better advice than my agent” or “If you were an agent I would use you,” I earned my license in 2006.When the housing market crashed, I had to learn and adapt quickly. Instead of praying for a market recovery I looked for oppor