Good. Better. Broker.

What does it take to succeed in the mortgage industry? Brokers who are “All In” with United Wholesale Mortgage know better than anyone and want to share their knowledge with you in a new podcast called Good. Better. Broker., your go-to source for expert advice from the best in the industry.

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Strategies for Mortgage Brokers to Guide Homeowners on Leveraging their Home Equity

With home values at all-time highs, homeowners have an incredibly powerful tool in their equity. How can mortgage loan originators help clients decide how or if they should use it? Listen to episode # 80 of Good. Better. Broker. as we discuss the different ways to take advantage of home equity and how it can benefit a consumer’s financial wellbeing.

In this episode of the Good. Better. Broker. podcast, you’ll learn how to guide homeowners to leverage their equity.

In this episode, we discuss ...

  • 1:37 – how Ann advises her borrowers on using their home equity
  • 2:03 – how home equity can combat credit card debt
  • 3:10 – clients who have a low mortgage rate and high credit card debt
  • 4:17 – conversations with borrowers about rate vs. payment
  • 6:20 – questions to ask borrowers about debt consolidation opportunities
  • 8:29 – the responsibility of a loan originator to assess clients’ finances
  • 9:54 – how consumers look at the equity they have in their home
  • 11:07 – how investors can leverage their equity
  • 13:36 – borrowers who want to wait to refinance until rates come down
  • 16:00 – the difference between doing refinances now and the last refi boom
  • 18:15 – Ann’s message to loan officers on conversations with borrowers about equity

Resources Mentioned in This Episode:

Meet The Guests In This Episode

Ann Sullivan

Ann is a licensed senior mortgage loan officer and team lead at Lending Heights in Pittsburgh, PA. With 12 years of industry experience, Ann’s devotion to providing an amazing mortgage experience to her clients and referral partners has put her in a league all her own. Ann is backed by the team at Lending Heights, dedicated to giving her clients 24/7 access and a simple promise: give everyone a mortgage that is tailored to their needs, closes faster and costs less.

   

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