Jason Hartman is joined today by mortgage consultant and trainer, Jen Du Plessis. As a real estate investor, it’s great to gain insight on both sides of the mortgage business. Jason and Jen discuss GSE, QM and non-QM loans, as well as the great recession and where the pendulum has moved to now. This leads to a prediction of interest rates dropping even more.
But before that, Jason offers congratulations because rent is on the rise. Listen to some average rent rates across the country and plan accordingly.
[1:50] Investor Congratulations! Rents on the rise
[3:40] Book, “Debt, The First 5,000 Years” by David Graeber
[6:50] Not one person in a thousand can understand our monetary system
[9:00] Landlord vs tenant in NYC
[12:28] According to Yardi Matrix; About 1.5 million housing units were delivered over the last five years, and 3,000 more expected for delivery this year. A housing shortage? Yes!
[17:00] GSE: Government Sponsored Enterprise
[19:00] What’s QM? And what’s non-QM?
[29:16] From 2004, through the great recession, where is the pendulum now?
[30:20] Right now, the average mortgage company makes $457/loan they originate.
[32:30] Are we going to see interest rates go down even more?