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Selling the Short Term Fixed

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Questions and Answers

According to the video, what is the most important question that should be posed to borrowers when selling a loan?

What their income is

How long they need to borrow the money for (correct)

How much money they need to borrow

What their credit score is

What type of loan program does Tim Braheem recommend as a better option for most people?

Adjustable-rate mortgage

15-year fixed-rate mortgage

Hybrid ARM (correct)

30-year fixed-rate mortgage

What is the potential advantage of an interest only loan for someone with a reasonable degree of financial discipline?

The potential to earn an arbitrage by investing the difference in payments (correct)

The accumulation of equity from real estate

The ability to control cash flow

The flexibility for commission-based salespeople

Why might someone consider a shorter term fixed rate mortgage?

<p>To take advantage of lower interest rates in the future</p> Signup and view all the answers

According to the author, why do most people not benefit from the 30 or 15 year fixed-rate mortgages?

<p>They are not in their loan for a long enough period of time</p> Signup and view all the answers

Selling the Short Term Fixed

Choose a study mode

Podcast

Questions and Answers

According to the video, what is the most important question that should be posed to borrowers when selling a loan?

What type of loan program does Tim Braheem recommend as a better option for most people?

What is the potential advantage of an interest only loan for someone with a reasonable degree of financial discipline?

Why might someone consider a shorter term fixed rate mortgage?

According to the author, why do most people not benefit from the 30 or 15 year fixed-rate mortgages?

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