barry jones

Welcome, its the 123rd  Bethany Baptist Homecoming!! Please join us in Wendell, NC!

watch the full service!
https://youtu.be/fYm-relSJ0U




service  date 10/3/21

Worship Service of Bethany Baptist Church (Wendell, NC/Raleigh, NC)

Come visit us in person! To learn more about our church visit:
https://www.wearebethany.com

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In this episode, I continue the interview Barry & Gleason Jones of Cross Country Mortgage in Auburn.  If you missed the previous episode, you should definitely start there.  It is a 2-parter, but you can see the breakdown of topics covered in each episode below...

PART 1:

• Gleason's lessons from being a landlord
• ARM's - are they still out there?
• How do THEY determine your credit score?
• Intro to Condo loans
• Importance of accurate details on loan applications
• How do you determine if it’s a 2nd home or investment property?
• How are the loans different for a 2nd home or investment property?

PART 2:

• Interest-Only & Construction Loans
• HELOC - what are the maximum limits you can borrow?
• Can you pledge other assets instead of / as a part of your down payment?
• Approved sources for down payment assistance?
• Let's talk about seasoning
• Buying as an LLC vs buying in your personal name
• Deeper dive into condos
• Where are we in the loan cycle compared to 2-5-10 years ago?
• A quick look at the reasons for so much development in Downtown Auburn
• What type of loan would you recommend as the best for an investor?
• Broker’s advice: How do I come into your office and get the best loan?

 

Links from this episode:​​

• Work with Me
• Mortgage Services: Gleason Jones, Cross Country Mortgage
• Understanding Mortgages & the Great Recession: The Big Short (Amazon)
• ​Real Estate Brokerage Services: AuburnInvestmentProperties.com
• Real Estate Investor Coaching: BetterREI.com
• Websites & Branding: EasyLandlordWebsites.com

In this episode, I share an interview Barry & Gleason Jones of Cross Country Mortgage in Auburn.  Barry has been in the mortgage business in Auburn for a long time, and his son Gleason is following in his footsteps.  Actually, Gleason worked for me one summer, about a year before I sold all of my apartments.  He was a hard worker then, and I'm sure he is still a hard worker now.  The information and wisdom we get in this episode is hard to beat, so if you want to learn about loans and the mortgage process, I think you'll get a lot out of this conversation.  ​It went so long, it ended up being a 2-parter, but you can see the breakdown of topics covered in each episode below...

PART 1:

• Gleason's lessons from being a landlord
• ARM's - are they still out there?
• How do THEY determine your credit score?
• Intro to Condo loans
• Importance of accurate details on loan applications
• How do you determine if it’s a 2nd home or investment property?
• How are the loans different for a 2nd home or investment property?

PART 2:

• Interest-Only & Construction Loans
• HELOC - what are the maximum limits you can borrow?
• Can you pledge other assets instead of / as a part of your down payment?
• Approved sources for down payment assistance?
• Let's talk about seasoning
• Buying as an LLC vs buying in your personal name
• Deeper dive into condos
• Where are we in the loan cycle compared to 2-5-10 years ago?
• A quick look at the reasons for so much development in Downtown Auburn
• What type of loan would you recommend as the best for an investor?
• Broker’s advice: How do I come into your office and get the best loan?

Links from this episode:​​

• Work with Me
• Mortgage Services: Gleason Jones, Cross Country Mortgage
• Understanding Mortgages & the Great Recession: The Big Short (Amazon)
• ​Real Estate Brokerage Services: AuburnInvestmentProperties.com
• Real Estate Investor Coaching: BetterREI.com
• Websites & Branding: EasyLandlordWebsites.com