1347: Mortgage Market, Home Flipping & Inventory Levels with Chris Mason

Jason Hartman starts today's show discussing the level of home flipping that's in the market right now. We're at a 7 year low, which means something in the marketplace today. It's important to accept today's landscape and figure out ways to invest in spite of that. Then Jason talks with Chris Mason, mortgage broker, about what is happening in the mortgage market today, lending standards, and whether we're in danger of seeing another bubble burst. Key Takeaways: [2:47] Home flipping isn't what it used to be, reaching a 7 year low [8:02] We need to accept reality that inventory is tight and properties are more expensive [11:25] The magic 2 words for a landlord Chris Mason Interview: [15:26] What increased loan limits mean for the mortgage market [19:23] Are FICO scores really a good criteria for borrowers? [22:16] Are financing rules getting too liberal again? [26:15] Are interest only loans still available? Website: www.JasonHartman.com/Properties www.EastBayMortgageBroker.com

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