Apr 09 2024 55 mins
Lender Series #4
Brian Taylor, a mortgage banker with 21 years of experience, shares his insights and advice for real estate agents and buyers. He discusses his journey in the industry, navigating the 2008 market crash, and preparing for market changes. Brian emphasizes the importance of real estate as an investment and encourages buyers to take advantage of the current market conditions. He also discusses the use of 401k funds for down payments and provides an outlook for the real estate market in 2024. The conversation covers various topics related to interest rates, the Federal Reserve, affordability, down payment assistance, and overlays in the mortgage industry. The pressure on the Fed to lower rates is discussed, along with the factors that influence mortgage rates. The swing of interest rates and the historical context of rates are explored. The impact of debt-to-income ratio on affordability is highlighted, as well as the availability of assumable loans. The concept of buying down rates is explained, and the importance of understanding overlays in lending is emphasized. The conversation also touches on down payment assistance programs and the Tulsa Remote Program. The advice for young homebuyers is to consider the affordability of the local market and explore available assistance programs. In this conversation, Brian Taylor discusses the meaning of home ownership and its significance in building wealth and generational freedom. He emphasizes that home ownership is not just a place to live but also a vehicle for creating wealth and providing for future generations. Real estate is seen as the fastest way to build wealth, making home ownership a powerful tool for financial success. You can reach Brian Taylor at 918-728-9178.
Christi Gillentine is the Host of the Oklahoma Real Estate Radio Podcast and Co-Founder of 918 Home Team in Tulsa, Oklahoma. She has been in real estate for over 20 years. She specializes in New Construction Sales and is a Business Coach You can reach her at 918-269-1988 or OklahomaRealEstateRadio.com