Hi Peeps! On today’s Episode, James and Michelle sit-down with Ravi Pahuja of The Mortgage Network, to discuss the lending process. Ravi explains the different financing options, (30-year fixed, 5 ARM, 7 ARM, etc.) We discuss who the hell Fannie and Freddie are, (not real people turns out,) why you should’t buy a boat while you’re waiting for your loan to process, (debt to income ratios people!!!) and why if you’re buying real estate in Massachusetts, you shouldn’t be shopping for a lender in Delaware.
So sit back and listen, and hopefully you learn a thing or two you didn’t know before!