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06.08.2022 - Mortgage

Attendees Rating:

Excellent (86%)
Average (14%)
Below Average (0%)

Comments
Here are comments from listeners:

I did not know when and how mortgage lenders look at "cash reserves." Makes sense that retirement accounts are not 100% counted. The slides providing the different criteria for each type of loan, even if I will need to do some post-attendance research to better understand all the options.
- Aaron

I didn't realize that there was not a limit to gifting for owner-occupied property. (As in the Dan-Roseanne case study of parents gifting to children). Just looked it up and found the discussion on the unified gift credit.
- Andrea

Good session today. Learned something re: Credit scoring tips & decent overview of various mortgage programs.
- Robert
Mortgage Planning for Life Events + Client's Adult Children
Presented by Chris Brady. M.A., Draper & Kramer Mortgage Corp.
Chris Brady

The use of mortgage financing can be an important part of a client's financial plan. Join this session that will use case studies to illustrate the mortgage options that merit consideration when clients experience life events such as divorce, the loss of a spouse, job loss or transfer, right-sizing, or aging in place. There will also be a review of the facts clients should consider when helping their children compare the cost of renting versus buying their first home; plus, the pros and cons of clients assisting with their child's down payment or co-signing a loan.

Attendees Comments:

Here are comments from listeners:

I did not know when and how mortgage lenders look at "cash reserves." Makes sense that retirement accounts are not 100% counted. The slides providing the different criteria for each type of loan, even if I will need to do some post-attendance research to better understand all the options.
- Aaron

I didn't realize that there was not a limit to gifting for owner-occupied property. (As in the Dan-Roseanne case study of parents gifting to children). Just looked it up and found the discussion on the unified gift credit.
- Andrea

Good session today. Learned something re: Credit scoring tips & decent overview of various mortgage programs.
- Robert