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Life Insurance: She Brianna emphasizes the importance of understanding the differences between Term Life Insurance, Whole Life Insurance and Universal Life.
Wealth Building_ She explains how financial growth is tied to discipline and common sense.
Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning!
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Latrease Price-Gistard.
Purpose of the Interview
The interview aims to educate listeners on the mortgage industry, highlight the role and benefits of working with an independent mortgage broker, and provide practical advice on home financing options, credit challenges, and programs that support homeownership. It also shares Latrease’s entrepreneurial journey and lessons learned.
Key Takeaways
-
Background and Career Path
- Latrease has a finance degree and started in investment operations in 1999.
- Transitioned from auto financing and co-owning a car dealership to mortgage lending.
- Became an independent mortgage broker in 2022 after being laid off during rising interest rates.
-
Role of an Independent Mortgage Broker
- Holds her own license and partners with multiple lenders to offer tailored loan products.
- Advocates for borrowers to ensure they get the right product, not just approval.
- Specializes in helping first-time buyers, self-employed individuals, and those with unique challenges.
-
Home Financing Insights
- Reverse Mortgages: Typically for seniors 62+, often used by those 75+ with equity and limited retirement funds. Provides tax-free cash without monthly payments; debt settled upon sale or refinance.
- Zero Down Payment Programs: Offers up to 3% for down payment, attached to the mortgage; other programs provide up to 5% for down payment and closing costs.
- FHA 203K Program: Allows buyers to finance home purchase and renovations in one loan—ideal for fixer-uppers.
-
Credit Challenges
- Programs exist for credit scores as low as 500, but require higher down payments (10–20%) and result in higher interest rates.
- Latrease consults and provides “what-if” scenarios to help clients improve credit over time.
-
Entrepreneurial Lessons
- Mistakes: Starting without enough capital and a strong pipeline; economic timing matters.
- Advice: Build capital, secure a solid client pipeline, and understand market conditions before going independent.
Notable Quotes
-
On independence:
“As a broker, you serve as that advocate for your borrower to make sure they’re getting the right loan product.” -
On reverse mortgages:
“The beauty of it is there are no monthly payments going back to the institution. The debt is paid off when the home is sold or refinanced.” -
On credit challenges:
“Programs go as low as 500 credit score, but those borrowers need 10–20% down.” -
On entrepreneurial advice:
“Make sure you have strong capital and a solid pipeline before stepping out on faith.” -
On perseverance:
“It’s all about follow-through. It’s all about your dream and whether you want to make it happen.”
#SHMS #STRAW #BEST
Support the show: https://www.steveharveyfm.com/
See omnystudio.com/listener for privacy information.
Relaxation Tips_ Discusses her relaxation model using sound therapy.
Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning!
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Marsha Evans.
A licensed mental health therapist, founder of Willow Tree Counseling & Educational Center, and creator of the FELT Experience and Marsha Listens wellness platform. The conversation centers on emotional health, nervous system education, sound therapy, community healing, and her evolution as a therapist and entrepreneur. Marsha shares her personal journey from being a competitive athlete to becoming a calming force for high‑functioning individuals dealing with burnout, stress, and emotional disconnection.
She explains the origins of her signature FELT Experience, a wellness model designed to help people reconnect with themselves through somatic movement, sound healing, intentional rest, and community. She also highlights the challenges and breakthroughs in mental health—particularly within the Black community—and reflects on 16+ years of therapeutic practice.
Purpose of the Interview
The interview aims to:
1. Introduce Marsha Evans’ holistic mental health approach
Rushion invites Marsha to explain how she blends psychology, somatics, and sound‑based healing to help people process stress differently.
2. Explain the FELT Experience and its healing framework
Marsha details her signature F.E.L.T. model—Free, Expand, Listen, Transform—and why embodied emotional experience is key to healing.
3. Share her personal journey
She discusses how sports, music, and modalities like breathwork and yoga helped her turn stress into purpose.
4. Encourage new perspectives on mental health in the Black community
She and Rushion address the stigma, evolution, and growing acceptance of mental health support.
5. Showcase community‑centered healing
Marsha emphasizes connection, shared experiences, and intentional spaces that allow vulnerability and transformation.
Key Takeaways 1. Healing Requires Intentionality
Marsha explains that activities like massage or yoga can be therapeutic—but only when approached with intentionality, presence, and consent to release emotional tension.
2. The Body Holds Stories (“The body keeps the score”)
She emphasizes that the body stores emotional experiences, and modalities like breathwork, sound healing, and somatic movement help release what the mind can’t articulate.
3. The FELT Framework
The FELT Experience moves participants through:
- F – Free: Permission to just be (coloring, resting, arriving without expectations)
- E – Expand: Allowing the body to open and receive
- L – Listen: To one’s own body, movement, and emotional cues
- T – Transform: The hardest phase—moving from chaos to peace
4. Safe Community Spaces Accelerate Healing
Marsha’s events often result in participants forming friendships, emotional breakthroughs, and even planning outings together—an indicator of her program’s power.
5. People Are Conditioned to Avoid Emotions
Growing up, she was taught to hide emotions in competitive sports—especially tears as a sign of weakness. Her therapeutic mission now is to help others unlearn similar conditioning.
6. Cultural Shifts Around Mental Health
Marsha highlights major strides in t
Real Estate Tips_ She discusses home financing options such as Reverse Mortgages and Zero Down Payment Programs.
Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning!
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Latrease Price-Gistard.
Purpose of the Interview
The interview aims to educate listeners on the mortgage industry, highlight the role and benefits of working with an independent mortgage broker, and provide practical advice on home financing options, credit challenges, and programs that support homeownership. It also shares Latrease’s entrepreneurial journey and lessons learned.
Key Takeaways
-
Background and Career Path
- Latrease has a finance degree and started in investment operations in 1999.
- Transitioned from auto financing and co-owning a car dealership to mortgage lending.
- Became an independent mortgage broker in 2022 after being laid off during rising interest rates.
-
Role of an Independent Mortgage Broker
- Holds her own license and partners with multiple lenders to offer tailored loan products.
- Advocates for borrowers to ensure they get the right product, not just approval.
- Specializes in helping first-time buyers, self-employed individuals, and those with unique challenges.
-
Home Financing Insights
- Reverse Mortgages: Typically for seniors 62+, often used by those 75+ with equity and limited retirement funds. Provides tax-free cash without monthly payments; debt settled upon sale or refinance.
- Zero Down Payment Programs: Offers up to 3% for down payment, attached to the mortgage; other programs provide up to 5% for down payment and closing costs.
- FHA 203K Program: Allows buyers to finance home purchase and renovations in one loan—ideal for fixer-uppers.
-
Credit Challenges
- Programs exist for credit scores as low as 500, but require higher down payments (10–20%) and result in higher interest rates.
- Latrease consults and provides “what-if” scenarios to help clients improve credit over time.
-
Entrepreneurial Lessons
- Mistakes: Starting without enough capital and a strong pipeline; economic timing matters.
- Advice: Build capital, secure a solid client pipeline, and understand market conditions before going independent.
Notable Quotes
-
On independence:
“As a broker, you serve as that advocate for your borrower to make sure they’re getting the right loan product.” -
On reverse mortgages:
“The beauty of it is there are no monthly payments going back to the institution. The debt is paid off when the home is sold or refinanced.” -
On credit challenges:
“Programs go as low as 500 credit score, but those borrowers need 10–20% down.” -
On entrepreneurial advice:
“Make sure you have strong capital and a solid pipeline before stepping out on faith.” -
On perseverance:
“It’s all about follow-through. It’s all about your dream and whether you want to make it happen.”
#SHMS #STRAW #BEST
Support the show: https://www.steveharveyfm.com/
See omnystudio.com/listener for privacy information.
Wealth Building_ She explains how financial growth is tied to discipline and common sense.
Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning!
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Latrease Price-Gistard.
Purpose of the Interview
The interview aims to educate listeners on the mortgage industry, highlight the role and benefits of working with an independent mortgage broker, and provide practical advice on home financing options, credit challenges, and programs that support homeownership. It also shares Latrease’s entrepreneurial journey and lessons learned.
Key Takeaways
-
Background and Career Path
- Latrease has a finance degree and started in investment operations in 1999.
- Transitioned from auto financing and co-owning a car dealership to mortgage lending.
- Became an independent mortgage broker in 2022 after being laid off during rising interest rates.
-
Role of an Independent Mortgage Broker
- Holds her own license and partners with multiple lenders to offer tailored loan products.
- Advocates for borrowers to ensure they get the right product, not just approval.
- Specializes in helping first-time buyers, self-employed individuals, and those with unique challenges.
-
Home Financing Insights
- Reverse Mortgages: Typically for seniors 62+, often used by those 75+ with equity and limited retirement funds. Provides tax-free cash without monthly payments; debt settled upon sale or refinance.
- Zero Down Payment Programs: Offers up to 3% for down payment, attached to the mortgage; other programs provide up to 5% for down payment and closing costs.
- FHA 203K Program: Allows buyers to finance home purchase and renovations in one loan—ideal for fixer-uppers.
-
Credit Challenges
- Programs exist for credit scores as low as 500, but require higher down payments (10–20%) and result in higher interest rates.
- Latrease consults and provides “what-if” scenarios to help clients improve credit over time.
-
Entrepreneurial Lessons
- Mistakes: Starting without enough capital and a strong pipeline; economic timing matters.
- Advice: Build capital, secure a solid client pipeline, and understand market conditions before going independent.
Notable Quotes
-
On independence:
“As a broker, you serve as that advocate for your borrower to make sure they’re getting the right loan product.” -
On reverse mortgages:
“The beauty of it is there are no monthly payments going back to the institution. The debt is paid off when the home is sold or refinanced.” -
On credit challenges:
“Programs go as low as 500 credit score, but those borrowers need 10–20% down.” -
On entrepreneurial advice:
“Make sure you have strong capital and a solid pipeline before stepping out on faith.” -
On perseverance:
“It’s all about follow-through. It’s all about your dream and whether you want to make it happen.”
#SHMS #STRAW #BEST
Steve Harvey Morning Show Online: http://www.steveharveyfm.com/
See omnystudio.com/listener for privacy information.
Relaxation Tips_ Discusses her relaxation model using sound therapy.
Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning!
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Marsha Evans.
A licensed mental health therapist, founder of Willow Tree Counseling & Educational Center, and creator of the FELT Experience and Marsha Listens wellness platform. The conversation centers on emotional health, nervous system education, sound therapy, community healing, and her evolution as a therapist and entrepreneur. Marsha shares her personal journey from being a competitive athlete to becoming a calming force for high‑functioning individuals dealing with burnout, stress, and emotional disconnection.
She explains the origins of her signature FELT Experience, a wellness model designed to help people reconnect with themselves through somatic movement, sound healing, intentional rest, and community. She also highlights the challenges and breakthroughs in mental health—particularly within the Black community—and reflects on 16+ years of therapeutic practice.
Purpose of the Interview
The interview aims to:
1. Introduce Marsha Evans’ holistic mental health approach
Rushion invites Marsha to explain how she blends psychology, somatics, and sound‑based healing to help people process stress differently.
2. Explain the FELT Experience and its healing framework
Marsha details her signature F.E.L.T. model—Free, Expand, Listen, Transform—and why embodied emotional experience is key to healing.
3. Share her personal journey
She discusses how sports, music, and modalities like breathwork and yoga helped her turn stress into purpose.
4. Encourage new perspectives on mental health in the Black community
She and Rushion address the stigma, evolution, and growing acceptance of mental health support.
5. Showcase community‑centered healing
Marsha emphasizes connection, shared experiences, and intentional spaces that allow vulnerability and transformation.
Key Takeaways 1. Healing Requires Intentionality
Marsha explains that activities like massage or yoga can be therapeutic—but only when approached with intentionality, presence, and consent to release emotional tension.
2. The Body Holds Stories (“The body keeps the score”)
She emphasizes that the body stores emotional experiences, and modalities like breathwork, sound healing, and somatic movement help release what the mind can’t articulate.
3. The FELT Framework
The FELT Experience moves participants through:
- F – Free: Permission to just be (coloring, resting, arriving without expectations)
- E – Expand: Allowing the body to open and receive
- L – Listen: To one’s own body, movement, and emotional cues
- T – Transform: The hardest phase—moving from chaos to peace
4. Safe Community Spaces Accelerate Healing
Marsha’s events often result in participants forming friendships, emotional breakthroughs, and even planning outings together—an indicator of her program’s power.
5. People Are Conditioned to Avoid Emotions
Growing up, she was taught to hide emotions in competitive sports—especially tears as a sign of weakness. Her therapeutic mission now is to help others unlearn similar conditioning.
6. Cultural Shifts Around Mental Health
Marsha highlights major strides in t
Real Estate Tips_ She discusses home financing options such as Reverse Mortgages and Zero Down Payment Programs.
Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning!
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Latrease Price-Gistard.
Purpose of the Interview
The interview aims to educate listeners on the mortgage industry, highlight the role and benefits of working with an independent mortgage broker, and provide practical advice on home financing options, credit challenges, and programs that support homeownership. It also shares Latrease’s entrepreneurial journey and lessons learned.
Key Takeaways
-
Background and Career Path
- Latrease has a finance degree and started in investment operations in 1999.
- Transitioned from auto financing and co-owning a car dealership to mortgage lending.
- Became an independent mortgage broker in 2022 after being laid off during rising interest rates.
-
Role of an Independent Mortgage Broker
- Holds her own license and partners with multiple lenders to offer tailored loan products.
- Advocates for borrowers to ensure they get the right product, not just approval.
- Specializes in helping first-time buyers, self-employed individuals, and those with unique challenges.
-
Home Financing Insights
- Reverse Mortgages: Typically for seniors 62+, often used by those 75+ with equity and limited retirement funds. Provides tax-free cash without monthly payments; debt settled upon sale or refinance.
- Zero Down Payment Programs: Offers up to 3% for down payment, attached to the mortgage; other programs provide up to 5% for down payment and closing costs.
- FHA 203K Program: Allows buyers to finance home purchase and renovations in one loan—ideal for fixer-uppers.
-
Credit Challenges
- Programs exist for credit scores as low as 500, but require higher down payments (10–20%) and result in higher interest rates.
- Latrease consults and provides “what-if” scenarios to help clients improve credit over time.
-
Entrepreneurial Lessons
- Mistakes: Starting without enough capital and a strong pipeline; economic timing matters.
- Advice: Build capital, secure a solid client pipeline, and understand market conditions before going independent.
Notable Quotes
-
On independence:
“As a broker, you serve as that advocate for your borrower to make sure they’re getting the right loan product.” -
On reverse mortgages:
“The beauty of it is there are no monthly payments going back to the institution. The debt is paid off when the home is sold or refinanced.” -
On credit challenges:
“Programs go as low as 500 credit score, but those borrowers need 10–20% down.” -
On entrepreneurial advice:
“Make sure you have strong capital and a solid pipeline before stepping out on faith.” -
On perseverance:
“It’s all about follow-through. It’s all about your dream and whether you want to make it happen.”
#SHMS #STRAW #BEST
Steve Harvey Morning Show Online: http://www.steveharveyfm.com/
See omnystudio.com/listener for privacy information.
Wealth Building_ She explains how financial growth is tied to discipline and common sense.
Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning!
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Latrease Price-Gistard.
Purpose of the Interview
The interview aims to educate listeners on the mortgage industry, highlight the role and benefits of working with an independent mortgage broker, and provide practical advice on home financing options, credit challenges, and programs that support homeownership. It also shares Latrease’s entrepreneurial journey and lessons learned.
Key Takeaways
-
Background and Career Path
- Latrease has a finance degree and started in investment operations in 1999.
- Transitioned from auto financing and co-owning a car dealership to mortgage lending.
- Became an independent mortgage broker in 2022 after being laid off during rising interest rates.
-
Role of an Independent Mortgage Broker
- Holds her own license and partners with multiple lenders to offer tailored loan products.
- Advocates for borrowers to ensure they get the right product, not just approval.
- Specializes in helping first-time buyers, self-employed individuals, and those with unique challenges.
-
Home Financing Insights
- Reverse Mortgages: Typically for seniors 62+, often used by those 75+ with equity and limited retirement funds. Provides tax-free cash without monthly payments; debt settled upon sale or refinance.
- Zero Down Payment Programs: Offers up to 3% for down payment, attached to the mortgage; other programs provide up to 5% for down payment and closing costs.
- FHA 203K Program: Allows buyers to finance home purchase and renovations in one loan—ideal for fixer-uppers.
-
Credit Challenges
- Programs exist for credit scores as low as 500, but require higher down payments (10–20%) and result in higher interest rates.
- Latrease consults and provides “what-if” scenarios to help clients improve credit over time.
-
Entrepreneurial Lessons
- Mistakes: Starting without enough capital and a strong pipeline; economic timing matters.
- Advice: Build capital, secure a solid client pipeline, and understand market conditions before going independent.
Notable Quotes
-
On independence:
“As a broker, you serve as that advocate for your borrower to make sure they’re getting the right loan product.” -
On reverse mortgages:
“The beauty of it is there are no monthly payments going back to the institution. The debt is paid off when the home is sold or refinanced.” -
On credit challenges:
“Programs go as low as 500 credit score, but those borrowers need 10–20% down.” -
On entrepreneurial advice:
“Make sure you have strong capital and a solid pipeline before stepping out on faith.” -
On perseverance:
“It’s all about follow-through. It’s all about your dream and whether you want to make it happen.”
#SHMS #STRAW #BEST
See omnystudio.com/listener for privacy information.
Relaxation Tips_ Discusses her relaxation model using sound therapy.
Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning!
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Marsha Evans.
A licensed mental health therapist, founder of Willow Tree Counseling & Educational Center, and creator of the FELT Experience and Marsha Listens wellness platform. The conversation centers on emotional health, nervous system education, sound therapy, community healing, and her evolution as a therapist and entrepreneur. Marsha shares her personal journey from being a competitive athlete to becoming a calming force for high‑functioning individuals dealing with burnout, stress, and emotional disconnection.
She explains the origins of her signature FELT Experience, a wellness model designed to help people reconnect with themselves through somatic movement, sound healing, intentional rest, and community. She also highlights the challenges and breakthroughs in mental health—particularly within the Black community—and reflects on 16+ years of therapeutic practice.
Purpose of the Interview
The interview aims to:
1. Introduce Marsha Evans’ holistic mental health approach
Rushion invites Marsha to explain how she blends psychology, somatics, and sound‑based healing to help people process stress differently.
2. Explain the FELT Experience and its healing framework
Marsha details her signature F.E.L.T. model—Free, Expand, Listen, Transform—and why embodied emotional experience is key to healing.
3. Share her personal journey
She discusses how sports, music, and modalities like breathwork and yoga helped her turn stress into purpose.
4. Encourage new perspectives on mental health in the Black community
She and Rushion address the stigma, evolution, and growing acceptance of mental health support.
5. Showcase community‑centered healing
Marsha emphasizes connection, shared experiences, and intentional spaces that allow vulnerability and transformation.
Key Takeaways 1. Healing Requires Intentionality
Marsha explains that activities like massage or yoga can be therapeutic—but only when approached with intentionality, presence, and consent to release emotional tension.
2. The Body Holds Stories (“The body keeps the score”)
She emphasizes that the body stores emotional experiences, and modalities like breathwork, sound healing, and somatic movement help release what the mind can’t articulate.
3. The FELT Framework
The FELT Experience moves participants through:
- F – Free: Permission to just be (coloring, resting, arriving without expectations)
- E – Expand: Allowing the body to open and receive
- L – Listen: To one’s own body, movement, and emotional cues
- T – Transform: The hardest phase—moving from chaos to peace
4. Safe Community Spaces Accelerate Healing
Marsha’s events often result in participants forming friendships, emotional breakthroughs, and even planning outings together—an indicator of her program’s power.
5. People Are Conditioned to Avoid Emotions
Growing up, she was taught to hide emotions in competitive sports—especially tears as a sign of weakness. Her therapeutic mission now is to help others unlearn similar conditioning.
6. Cultural Shifts Around Mental Health
Marsha highlights major strides in t
Real Estate Tips_ She discusses home financing options such as Reverse Mortgages and Zero Down Payment Programs.
Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning!
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Latrease Price-Gistard.
Purpose of the Interview
The interview aims to educate listeners on the mortgage industry, highlight the role and benefits of working with an independent mortgage broker, and provide practical advice on home financing options, credit challenges, and programs that support homeownership. It also shares Latrease’s entrepreneurial journey and lessons learned.
Key Takeaways
-
Background and Career Path
- Latrease has a finance degree and started in investment operations in 1999.
- Transitioned from auto financing and co-owning a car dealership to mortgage lending.
- Became an independent mortgage broker in 2022 after being laid off during rising interest rates.
-
Role of an Independent Mortgage Broker
- Holds her own license and partners with multiple lenders to offer tailored loan products.
- Advocates for borrowers to ensure they get the right product, not just approval.
- Specializes in helping first-time buyers, self-employed individuals, and those with unique challenges.
-
Home Financing Insights
- Reverse Mortgages: Typically for seniors 62+, often used by those 75+ with equity and limited retirement funds. Provides tax-free cash without monthly payments; debt settled upon sale or refinance.
- Zero Down Payment Programs: Offers up to 3% for down payment, attached to the mortgage; other programs provide up to 5% for down payment and closing costs.
- FHA 203K Program: Allows buyers to finance home purchase and renovations in one loan—ideal for fixer-uppers.
-
Credit Challenges
- Programs exist for credit scores as low as 500, but require higher down payments (10–20%) and result in higher interest rates.
- Latrease consults and provides “what-if” scenarios to help clients improve credit over time.
-
Entrepreneurial Lessons
- Mistakes: Starting without enough capital and a strong pipeline; economic timing matters.
- Advice: Build capital, secure a solid client pipeline, and understand market conditions before going independent.
Notable Quotes
-
On independence:
“As a broker, you serve as that advocate for your borrower to make sure they’re getting the right loan product.” -
On reverse mortgages:
“The beauty of it is there are no monthly payments going back to the institution. The debt is paid off when the home is sold or refinanced.” -
On credit challenges:
“Programs go as low as 500 credit score, but those borrowers need 10–20% down.” -
On entrepreneurial advice:
“Make sure you have strong capital and a solid pipeline before stepping out on faith.” -
On perseverance:
“It’s all about follow-through. It’s all about your dream and whether you want to make it happen.”
#SHMS #STRAW #BEST
See omnystudio.com/listener for privacy information.