Lending Basics with Natalie Mitchell and today’s guest Wendy Goodsir digs deep into mortgage and how to choose the right one to benefit you. Any debt is considered a mortgage. They’re ready to equip you in asking the right questions for your next big investment.
When looking at mortgages, there are many options depending on your goals and situation. On the broad scope, there are HELOC (re-advanceable) and Mortgages (non-re-advanceable) options, depending on what you might be qualified for. There are also fixed and variable interest mortgages. Different questions need to be asked and different mortgages need to be looked at.
“There are no two investors that are the same. We’re looking to create a box that fits your shape and your needs and your business style.”
There are also different categories of investments that can affect the loan you are looking for. Is your next goal to flip a house, or have a long term investment (i.e., rental property)? This changes the type of mortgage that can be offered as well. Natalie Mitchell and Wendy Goodsir also comb through the differences between lenders and mortgage brokers, how lenders really look at rental properties, and payout paralysis.
You are only as good as what you know. As they walk you through the different loans available for your next long-term investment, they’re are here to answer your questions, focus on your goals and build your tribe.
Natalie Mitchell: [website](https://yourwayintorealestate.com) | [instagram](https://www.instagram.com/nataliemitchell_reinvestor/) | [facebook](https://www.facebook.com/yourwayrealestategroup)
Wendy Goodsir: [website](https://wendy-goodsir.webware.io/) | [facebook](https://www.facebook.com/bemortgagesmart/)
