TREC CE Class - Outside the Box Lending and Down Payment Assistance

"Think Outside the Box" with mortgage financing to help your clients WIN DEALS! Learn and discover real life examples and creative programs.
About this Event

TREC CE Class # 39035 - Outside the Box Lending

11:30 am Open Networking Lunch Provided

12:00 pm - 2:00 pm TREC CE Class

Clients often think they need a certain percentage down on a certain term. However, we will discuss the non-traditional lending products available for a client that might be considered "outside the box."

We will discuss:

• The different programs available. – Go over the various programs that work alongside of the major programs and the programs that don’t
• Down Payment Assistance Programs for First-Time Home Buyers – There are multiple gov’t and non-profit organizations that want to help home buyers achieve the American Dream.
• Down Payment Assistance Programs for Repeat Buyers – Busting the myth that just because they have owned a home before, they no longer qualify for down payment assistance.
• TDHCA – Discuss the pros and cons of these two entities.
• TSHAC - Discuss the pros and cons of these two entities.
• Non-QM Loans / Portfolio Loans – What are these types of programs, and no they are not subprime.
• Bank Statement Programs – Going over products available for business owners with high cash flow but low income on taxes.
• Investor Cash Flow Programs – Going over products available for real estate investors with multiple properties.
• Reverse Mortgage - allows homeowners to convert part of their home equity into tax-free cash without making monthly mortgage payments

Course Instructor:

Austen Smith, CMPS, Certified Master Networker, Certified Reverse Lender

Impact Leadership Group TREC Education Provider #9969