Getting a low interest rate on your mortgage is something homebuyers in 2023 dream about. With last year’s 4% rates still fresh in many investors’ minds, it can seem almost irresistible to try and get the lowest mortgage rate possible when buying a house. So, what if there was a way to lock in a mortgage rate two to three percent lower than the daily average, all paid for by the seller of your new property? It’s possible, and if you want to get it, you’ll need to listen closely to what today’s mortgage experts are saying.

In this episode, we brought three lending experts, Bill Tessar from CIVIC, Christian Bachelder from The One Brokerage, and LendingOne’s Matt Neisser, to talk about what is happening with lending and lenders, mortgage rates, and low-interest loan programs. With different expertise, all three of these mortgage experts know about various loans, whether for a rental, a primary residence, a fix and flip, a BRRRR, or something else. But what draws them all together is their experience over the past six months.

Once interest rates started to rise, lenders nationwide were “gutted,” with massive amounts of business flying out the door. But these borrowers weren’t searching for better lenders; they didn’t even want to buy anymore. This caused many mortgage brokers and lenders to “reset” their requirements, standards, and expectations for the next few years to come. Now, lenders like these are getting creative, finding some of the best ways to help you score a lower interest rate without charging you a dime.

In This Episode We Cover

How the Fed’s decision to raise rates caused the lending industry to lose huge business

Real estate underwriting and why short-term investors MUST change the way they analyze deals

Bad news for BRRRR investors and why this strategy may be on pause for the next few years

The new low-interest rate loan products that homebuyers can take advantage of

Mortgage rate predictions and when we could potentially see rates start to stall (or drop)

Advice for borrowers in today’s market and why you should NOT be scared of rising rates

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Forums

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Join the Future of Real Estate Investing with Fundrise

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Dave’s BiggerPockets Profile

Dave’s Instagram

Find Your Next Home Loan

Connect with Christian, Matt, & Bill:

Christian's BiggerPockets Profile

Matt's BiggerPockets Profile

CIVIC

LendingOne

The One Brokerage

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-72

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72: New Low-Interest Mortgages Are On the Way for Investors (How to Get One) 47:59 Share

On The Market

Shownotes Transcript

72: New Low-Interest Mortgages Are On the Way for Investors (How to Get One)