Financial Tips: She's an independent mortgage broker focusing on accountability, consistency, and her innovative tools.

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Latrease Price Gistard. Aan independent mortgage broker based in Houston, Texas. Here are some key highlights and themes from the conversation: 🎙️ Guest Background: Latrease Price Gistard Originally from San Antonio, Texas. Background in finance since 1999, including investment operations and auto financing. Co-owned a car dealership with her husband, focusing on first-time buyers. Transitioned into mortgage financing, licensed in 2018, and became an independent broker in 2022. 🏡 Mortgage Expertise Independent Mortgage Broker: Works with multiple lenders to find the best loan products for clients, including those with unique needs (e.g., self-employed, first-time buyers, citizenship issues). Reverse Mortgages: Typically for seniors 62+ with significant home equity. No monthly payments; debt is repaid when the home is sold or refinanced. Useful for those with limited retirement funds or high medical costs. Zero Down Payment Programs: Offers up to 3–5% assistance, either rolled into the mortgage or used for closing costs. Credit Score Considerations: Programs available for scores as low as 500, though higher down payments are required. Offers “what-if” scenarios to help clients improve credit over time. 🛠️ Special Loan Programs FHA 203(k) Loans: Allows buyers to finance both the purchase and renovation of a home in one loan. Covers anything from minor repairs to major remodeling. One-Time Construction Loans: Offered through United Wholesale Mortgage. Combines land purchase and home construction into a single loan. 💡 Advice for Aspiring Mortgage Brokers Ensure sufficient capital before going independent. Build a strong client pipeline. Be mindful of economic conditions (e.g., interest rates). Avoid hiring unqualified friends or family—focus on business needs.   #STRAW #BEST #SHMS  See omnystudio.com/listener for privacy information.