Ep. 23 - Kick off 2023 with Your First Lending Update

Whether you’re considering getting a mortgage or advising clients, you need to be prepared and equipped with the most up-to-date information in the real estate market. That’s why we have Nick Thors and Daniel Halvorson with me today to share how you can maximize your loan potential and add the most value to your customers to create new business opportunities. Daniel and Nick are two high-achieving members of the Bank of England. Both understand the ins and outs of the financial market like no other and know the secrets of how to succeed in any market conditions.

Tune in to stay on top of your game at the start of this new year with our first lending update of 2023!

[00:01 - 09:39] Exploring opportunities and products for home buyers in 2023 with Daniel Halvorsen and Nick Thors

[09:40 - 16:21] Adjustable rates to the rescue? Breaking down the benefits of short-term loans and below-market rates from the Bank of England

[16:22 - 24:46] Lending forecasts for Q1 and Q2—market volatility and hitting the 5s as the CPI readings keep telling us a story. (“The 5 will be the new 3”)

[24:47 - 28:37] Capitalize on lower interest rates now and get your clients financially committed!

Quotes:

“Don't wait until rates come down to develop a game plan of how you're going. Capitalize.” - Daniel Halvorsen 

“Imagine if you had a crystal ball and knew that a pandemic was coming in 2019. How would you have invested? That’s the type of information that we can give you so that you can prepare and invest in the best possible way today.” - Daniel Halvorsen 

“As an agent, you gotta get creative with your clients. Call them and let them know about new mortgage opportunities, [and] tax strategies, and help them with their financial planning. Add value to them and become a part of their financial team.” - Daniel Halvorsen 

“5% is a magic number for our clients. When the interest rates are closer to that number, they’ll get a lot more confident about investing a property through a loan.” - Daniel Halvorsen 

Be sure to learn more from Daniel by connecting with him on LinkedIn and Instagram. 

You can also connect with Nick on LinkedIn for more info about mortgage opportunities. 

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/. 

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