How Are Mortgage Rates Set on Small Investment Properties With 2 To 4 Units?

How Are Mortgage Rates Set on Small Investment Properties With 2 To 4 Units?

One of the most common misunderstandings I have seen over the past 33 years as a real estate agent is that most real estate buyers and investors need to understand how mortgage rates are set.

Every time the Fed raises the overnight cost of the fund's rate, there is a common misunderstanding that has a direct relationship to mortgage interest rates. While there is some correlation between how mortgage rates are set and the Federal Reserve raising the overnight rate, how mortgage rates are set can be better understood by watching this brief video.

Ron Benning

Would you like to buy some Cherries? This simple question became the starting point for Ron Benning’s career in sales. He was only eight years old and was trying to earn enough money to buy a G.I. Joe. His parents wanted him to learn the value of a dollar & decided to have him save his own money to buy it. Since they lived near several cherry orchards, Ron quickly put two and two together. By going door-to-door and selling the cherries, he earned more than enough money to purchase the toy on the very first day. People that know Ron will often joke that he was born to succeed because he had a tremendous work ethic. But this story is more than just a cute anecdote from his childhood. It’s a lesson in the value of a hard day’s work. Ron embarked on a career in real estate at the age of 21. After four years in the industry, he opened up his own real estate firm. Ron grew his company to 95 agents and two offices before realizing that working with clients is what he enjoyed the most. Now, 30 years after his first business venture (selling cherries), Ron states, "I am finally doing what I was meant to do... Helping local families to realize their real estate dreams.

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