EP 10 - Private Lending and Hard Money Loans with a Self-Directed IRA or Solo 401(k)
Directed IRA Podcast
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Mortgage Lenders Are Not Verifying the Ability to Repay
You have to verify that that home owner, um, that's borrowing he money, has what's called the ability to repay a t r. That's exactly why the dog frank perform came out is because the lenders were not verifying the borrower's ability to repay. And all those things have to be verified using reliable third party resources and records,. The second item is, there cannot be a negative amerdization schedule, ok? It can't go it can't be a negative ambertization loan, like those sub prime mortgages and all that that we read about. Is a third criteria, and the financing has to be a a fixed rate, or a rate that's adjustible after
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