Published On Jul 4, 2019
In this episode, Larry invited Dave Orloff of American Heritage Lending. He's been in the mortgage business for years. American Heritage Lending is a lending organization for the real estate investor community. He is a full-service mortgage broker with extensive knowledge of mortgage lending. He talked about how the mortgage industry works, how to get loans, and many more.
Topics:
Dave's background
What his business is focusing on
Operating nationwide
Different types of loans
Underwriting process
The importance of experience as a lender
Their process from start through closing
What happens once the loan is approved
Some of the required documentations
AVR appraisal
Their terms
Their qualification
Advice to those who are just starting
On working with them
Quotes:
"The investor can’t do a deal without money."
"Don't go take a giant giant leap into the business.”