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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 Support the show: See for privacy information.