240: New 1st Lien HELOC (All-In-One Loan) with Caeli Ridge

New 1st Lien HELOC (All-In-One Loan) with Caeli Ridge

by Keith Weinhold | Get Rich Education

More people are renting. The homeownership rate has declined to 64%, from 69% in 2005. 

Credit score “inflation” has occurred due scoring model changes and a strong economy.

The average FICO score is now 704, a record high.

GDP in Q1 grew 3.2% year-over-year, exceeding expectations.

A new program called the Home Select Loan (All-In-One Loan) operates similar to a 1st Lien HELOC.

Ridge Lending Group President Caeli Ridge & I discuss the details:

  • Line Of Credit for 30 years
  • 80% LTV on home, 70-75% LTV on investment property
  • No principal payments due for ten years
  • Potential interest savings
  • Better liquidity
  • Interest rate based on LIBOR + a margin

Use the simulator to see how much interest you save vs. your current mortgage.

I bring you today’s show from Dallas, TX.

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Resources Mentioned >

Resources Mentioned: Mortgage Loans: RidgeLendingGroup.com | Cash Flow Banking: ProducersWealth.com | Turnkey Real Estate: NoradaRealEstate.com | QRP: TotalControlFinancial.com | JWB New Construction Turnkey: NewConstructionTurnkey.com | Best Financial Education: GetRichEducation.com | Find Properties: GREturnkey.com

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