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

 

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

Hi, this is Rushion McDonald. Welcome to the podcast world of Money Making Conversations Master Class. I interview profits and nonprofits to learn their "Secrets to Success."  I'm a former IBM Executive with a degree in Mathematics. I started my entrepreneurial career as a stand-up comic, then became a sitcom writer, award-winning baker, social media influencer, award-winning television Executive Producer, and brand architect for super-successful celebrities and products. Money Making Conversations Master Class interviews a diverse group of celebrities, entrepreneurs, and influencers in the financial and business community with their advice and tips so you can be successful, too. It's time to stop reading other people's success stories and start building your own. People always talk about their purpose or gifts. If you have a gift, Lead with your Gift, and don't let your friends, family, or co-workers stop you from planning or living your dream. Keep Winning!

https://www.moneymakingconversations.com

https://www.youtube.com/MoneyMakingConversations

https://www.facebook.com/MoneyMakingConversations/

https://twitter.com/moneymakingconv

https://www.instagram.com/moneymakingconversations/

Hi, this is Rushion McDonald. Welcome to the podcast world of Money Making Conversations Master Class. I interview profits and nonprofits to learn their "Secrets to Success."  I'm a former IBM Executive with a degree in Mathematics. I started my entrepreneurial career as a stand-up comic, then became a sitcom writer, award-winning baker, social media influencer, award-winning television Executive Producer, and brand architect for super-successful celebrities and products. Money Making Conversations Master Class interviews a diverse group of celebrities, entrepreneurs, and influencers in the financial and business community with their advice and tips so you can be successful, too. It's time to stop reading other people's success stories and start building your own. People always talk about their purpose or gifts. If you have a gift, Lead with your Gift, and don't let your friends, family, or co-workers stop you from planning or living your dream. Keep Winning!
https://www.moneymakingconversations.com
https://www.youtube.com/MoneyMakingConversations
https://www.facebook.com/MoneyMakingConversations/
https://twitter.com/moneymakingconv
https://www.instagram.com/moneymakingconversations/

Money Making Conversations Master Class

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

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/aeabd085-5235-46da-a4a5-b24c01171994/transcript

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