Ep 24 - What Questions to Ask a Mortgage Broker
Manage episode 360234210 series 3447799
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0:00 SEG 1 Clients don't know what questions to ask a mortgage broker | Most bankers are stuffy | Will the call be scary? | Mike recently had a dishwasher break | Making a call can feel like torture and an obstacle course | The repairman’s definition of an emergency is different than the homeowner’s | The world of conversion marketing and quiz funnels | A lead aggregation platform doesn't actually fund you | Getting leads is a numbers game for the big companies
15:14 SEG 2 Bigger mortgage loan companies refuse to share the details of the process with the client. Michael is open and transparent | It is possible to get pre-approved over the phone | Michael has adopted a paperless process | Michael can cover a lot of ground talking to you for only 15 minutes | Downsizing and upsizing homes | Loan Applications don’t ask why you are moving | Michael can explain the loan in different ways | Michael is the person you tell everything to. Legally he doesn't have the ability to turn you down
35:24 SEG 3 20% down payments are no longer necessary | Putting some money down on a new house until the old house sells | Taking a loan against your 401k | A gift from a blood family member | Being self employed and having 2 years of work history | Birthday and social security number
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