On this episode of Passive Income Pilots, Tait and Ryan interview David Temko, President of C2 Financial, the nation's leading mortgage broker. David leads a team of expert loan officers and has extensive experience in commercial loans, sales, leasing, and banking. He discusses the impact of rising interest rates on the housing market, the benefits of buying now, tax advantages, potential appreciation, and the critical role of mortgage brokers. David also covers refinancing, leveraging home equity, and the importance of local banks and credit unions. He emphasizes the enduring value of real estate and the necessity of informed decision-making with expert guidance. Enjoy the show!
Timestamped Show Notes
(00:00) Intro
(02:58) Less inventory and homeowners staying put due to low interest rates
(03:36) Shift from underdevelopment to infill and existing homes, then to commercial brokerage
(09:07) Learning from experience and finding specialists in real estate
(13:48) Analyzing the rent vs. buy decision and calculating costs
(16:00) Long-term mortgage strategies and anticipated interest rate trends
(18:29) The risk of rising interest rates and its impact
(20:24) Costs of refinancing, and understanding interest rates and loan percentages
(23:27) Utilizing HELOCs to consolidate debt and reduce interest rates
(27:04) Blended interest rates, benefits in construction projects, and working with a mortgage broker
(29:14) Uncertainty in banks and lending practices affecting loans
(32:23) Importance of matching complexity with the right mortgage broker
(34:18) Pre-approval vs. pre-qualification: What you need to know
(36:22) Expertise and long-term experience in the mortgage business
(39:02) Understanding the factors that affect mortgage rates
(41:08) Potential impact of interest rate changes on housing demand
(44:30) Affordability driving people out of California into metropolitan areas
(47:23) Importance of local banks and small businesses in the economy
(49:11) Empowering homeowners with knowledge and resources
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Legal Disclaimer
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.