Today on the show Scott sits down and speak with Matt Brown. Matt is an 18 year mortgage professional with Encompass Lending. In this discussion they cover a range of topics specific to first-time home buyers. Matt describes the common perils and pitfalls of for young buyers.
He covers the importance of debt-to-income ratios and what it means for a buyer as well as what documents are needed to determine where they stand financially. Matt talks about how Encompass Lending is different. They discuss the history of subprime lending and the mortgage crisis. Matt explains the difference between top ratios and bottom ratios, what to expect during the closing process and the importance of PMI (private mortgage insurance).
Finally, Matt talks about his growth strategy and the importance of networking therein.
Learn more about Matt here:
https://www.networkinaction.com/index.php/profile/1560-mortgage-matt-brown
Visit Encompass Lending Group here:
http://elgloans.com/mbrown
