About this episode

The episode discusses fixed-rate second mortgages, real estate deals, and the importance of working with licensed lenders.

This week we break down the fixed-rate second position loan (the "HE loan") — how it works, when it beats a HELOC, and how it can help you avoid PMI with an 80/10/10 structure. We also walk through two real deals: a 17,000 sq ft "unicorn" property with no comps and an urgent appraisal deadline, and a Smoky Mountains short-term rental that moved from a 9-month hard money loan into a 30-year fixed DSCR loan using projected rental income. Plus, a candid warning about the unregulated corners of non-QM and hard money lending, and why working with a licensed professional protects you from bait-and-switch tactics that leave borrowers with no recourse.

People in this episode

Host: David Greene

Topics covered

• mortgages
• real estate
• financing
• investment strategies
• lending practices

Keywords

• fixed-rate second mortgage
• HE loan
• HELOC
• PMI
• hard money lending
• non-QM
• real estate investment

Mentioned in this episode

Products: fixed-rate second position loan, HE loan, HELOC, PMI, 80/10/10 structure, 30-year fixed DSCR loan, hard money loan, non-QM

Places: Smoky Mountains

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