The Rundown:
- When college is not an option, can entrepreneurs succeed?
- Develop a strong work ethic and create opportunities for yourself.
- Guest Brian Eller bootstrapped his way to business success.
- Why mortgage lenders are not created equal.
- This down payment assistance program is “free money” for homebuyers.
- And much more . . .
Are down payment problems stopping you from buying your dream home? Now you’ve got options. Mortgage lender Brian Eller explains a powerful down payment assistance program available through his company, CRM Lending, that can create free money to help you afford a new home without depleting your savings.
Eller is a local entrepreneur with a strong work ethic that has propelled his career and driven him to create successful businesses. In this podcast he talks about growing up in Woodbridge, shares the inspiring stories of the role models who taught him to achieve his dreams, and explains how his desire to best serve homebuyers led him to partner with a local rather than an out-of-state mortgage company.
Show Notes
[0:00] Ryan Sloper welcomes Brian Eller to the podcast.
[0:35] Eller shares his backstory: born and grew up in Virginia, played high school sports, attended community college, struggled for money, and decided to be an entrepreneur.
[2:30] Eller’s first business was a power-washing company. He struggled in the winter months because of the seasonal nature.
[3:30] One winter he worked in a bank, and a friend told him about the money he could make as a loan officer. He contacted Ryan Sloper to find out more about the career.
[4:35] Sloper commends Eller on his work ethic and for propelling his career. Eller discusses two people who modeled a strong ethic to him: his grandpa and a local entrepreneur.
[9:35] Eller began a successful mortgage career but struggled during the housing market crash. He discusses what he learned and how he survived through the lean times.
[12:10] CRM Lending is Eller’s new company. Eller discusses why he left his previous company, and what advantages CRM offers his customers.
[14:40] CRM allows Eller to solve problems for his clients. Eller discusses the challenges holding some people back from qualifying for a mortgage, especially lack of a down payment.
[16:10] CRM offers a down payment assistance program, which attaches a soft second mortgage in the down payment amount to the first mortgage. After three years of on-time payments, the second mortgage falls off.
[18:45] Eller discusses how long he expects interest rates to stay at historically low levels. He describes changes to lending programs like VHDA.
[21:00] Eller’s CRM office is in Woodbridge. He’s licensed to lend in Virginia, Maryland, and Florida.
[21:50] How to contact Brian Eller to get pre-approved or ask questions: phone (703) 856-4412, email brianeller33@gmail.com, or message him on Facebook.
