Transcending Lending

Thank you for listening to this week’s episode of Transcending Lending with a past client, friend and house hacker, Mike Brockway. We touch on a variety of different topics such as: • How Dillon fell into Lending • Different philosophy’s of paying down your mortgage • To buy now, or wait until the market drops • Tax strategies for Lender Paid Mortgage Insurance • Brent’s house hacking numbers • Mike’s house hacking numbers • Underwriting guidelines and considering the future • Cash out refinances for Veterans Thanks for listening!

In this week’s episode, we dive into some personal topics; our lack of social media skills, millennials, Dillon’s second go at fatherhood and Brent’s moving experience; purchasing his third home in a year. We talk about the current programs, touching on the differences between Freddie Mac and Fannie Mae along with their Low Down (3%) programs (Fannie’s Home Ready and Freddie’s Home Possible Advantage.) Colorado Hosing and Finance Authority’s (Colorado’s largest Down Payment Assistance provider) history, and their recent program changes and the reason behind the changes Along with some upcoming changes.. Freddie’s 1% down program and their self-employment changes; Fannie’s new 120% Loan to Value program, allowing you to roll in your student loans into your mortgage.

Mark is the founder of Luxmana Investments, which focuses on residential and multifamily investments. Mark was able to go from being a part-time investor with a full-time job in high tech to someone who quit the corporate rat race in pursuit of his passion and now thrives as a multifamily investor. For Mark's free book "10 "NOT SO OBVIOUS" WAYS TO BOOST YOUR MULTIFAMILY PROPERTY NOI" go to http://www.luxmana.com/transcendinglending