The Jack Bosch Show 112: Real Estate Loan Secrets: How to Get Approved Without a W-2 // Jack Bosch Show
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May 15, 2025 Join Andrew Russell, founder of RCG Mortgage, as he unpacks the secrets of the mortgage world. He reveals how entrepreneurs can secure loans without a W-2, perfect for those navigating unconventional income. Discover cutting-edge tools like LoanSnap and learn about the rise of non-QM mortgage products. Andrew emphasizes the importance of trust and transparency in lending while tackling common myths. He also shares insights on maintaining wellness and effective networking strategies in the competitive real estate landscape.
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Home Equity Loans Gain Popularity
- Despite rising interest rates and inventory shortages, homeowners increasingly use home equity loans to tap into rising home values.
- This trend shows equity borrowing as a strategic way to manage and pay down debt economically in a tough market.
Mortgage Brokers Offer More Options
- Mortgage brokers have access to multiple lenders and loan products, unlike banks or credit unions limited to their own products.
- This versatility allows brokers to find the best fit and pricing for diverse client needs.
Qualify with Bank Statement Loans
- Use new mortgage products that base qualification on bank statement revenue rather than tax returns to accommodate self-employed entrepreneurs.
- Require at least 20-25% down, good credit scores, and strong cash reserves to ensure loan safety.