Welcome to the August episode of Learning With A Lender with Joel Schaub!

In this episode Joel Schaub partners with Christine, a renovation loan expert at Guaranteed Rate, to explain everything real estate brokers need to understand about these products. They get into detail about FHA 203k loans and how to use for both home improvement and home purchase. If you’re not familiar with renovation loans, you will be by the end of this episode!

Joel Schaub can be reached at [email protected] or 773.654.2049.

Transcript

D.J. Paris 0:13Hello and welcome to another episode of Keeping it real the largest podcast in the country made for real estate brokers by real estate brokers. My name is DJ Parris. I am your host and guide through the show today we have our monthly regular segment called Learn with a lender with Joel shop from guaranteed rate. If you’re not yet familiar with Joel, let me tell you a little bit about him. He is a vice president of lending at guaranteed rate. Joel has been doing loans at a high level since 2003. And it’s gotten to that level because of what he does directly for agents and their clients, which is he gives part of his commission back to the buyer on every transaction. Last year alone, he gave back over $271,000 in closing costs to buyers who worked with them and that put jewels value in the top 1/10 of 1%. nationwide. out of 380,000 loan officers in the country. Joel has been ranked number 181 year to date, he has closed 163 transactions for just under 58 million in closing. In the month of July alone, Joel’s close to 15 million, which exceeds the entire amount he did in the first quarter. And it’s not like the first quarter was slow. Joel is never slow. By the way, if you are looking for a lender, you really need to look no further. Joel is your is your person. He’s your guy. The his slogan is just called Joel because when you do, he actually will take such great care. You’ll never need to call anyone else. Here’s how to get in touch with Joel can be reached at Joel JL e [email protected]. Or you can reach him on his phone which is 773-654-2049. So let us say hello to the biggest Cubs fan. I know Joel Schaub Good morning.

Joel Schaub 2:00Hey, good morning, everybody. I really appreciate it. That warm introduction. All the accolades aside, it’s really about giving back. And I think today is going to be a really good show, because we have some knowledge that’s going to help the real estate agents actually close more transactions. And isn’t that what it’s about? We want to be able to provide some value. And I know that we have some great topics for today.

D.J. Paris 2:23Great. Let’s get started. Oh, let’s

Joel Schaub 2:25jump right into it. Right. And so here’s where we’re at. The market was strong. And I think right after the fourth of July, what we saw was a slight amount of this softening. And so what we want to do is help agents out there that maybe you have a property that’s in a perfect location, but it needs updating. We’ve seen this a lot, right? DJ, there’s properties that are great, but what is it you walk into? And there’s something wrong with it? Yeah, maybe it’s not the right kitchen, maybe literally as a big amount of space, and they want to do an addition.