Lending Market Update

In the last 4-5 years, there has been an increase in more aggressive loan programs for investors such as no income / no verification loans, rehab loans, and stated income loans. Frank Coto III shares his view of the current lending market and deep dives into the various types of loan programs that can help investors based on their situation.

Some of the loan types Frank discusses are:

Conventional loans
NINE program (No Income No Employment)
Commercial loans
Private money

For those investors looking to choose and secure the right type of loan for their property, Frank is a valuable resource who can work with you to review all the variables and get you a loan best suited for your situation.

Podcast Outline

[07:15] Difference between a wholesale mortgage broker vs a bank
[08:12] Frank’s current view of the market / trends / rates
[10:05] How does an investor go about finding the best loan for his/her property?[12:21] Conventional Loan discussion (lowest rates, lowest cost for the longest terms)
[16:07] Private Money
[17:10] NINE Program (No Income No Employment)
[19:33] Commercial Loans
[21:32] No Document Loan (bad credit, no provable income, property not in good shape)

About Our Guest

Frank Coto III is the president of the Lincoln Lending Group which was started in 2003 by a group of real estate professionals and investors to compete directly with larger banks in mortgages.

Frank’s claim to fame is “no loan is too small or difficult to handle.” His connections in the mortgage and finance and business community have led to unsurpassed knowledge of the industry and area.

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