Rampant inflation and a considerable interest rate spike are having a profound impact on mortgage loans. Nonetheless, banks are exploring strategies to help buyers and sellers in these conditions, and Gerald Pumphrey comes on the podcast to talk about some of these innovative methods. Gerald has been in residential real estate for 30 years, and works with First Horizon Bank as a mortgage loan officer. What sets First Horizon apart from other banks is their philosophy, which Geralds describes as “common sense underwriting,” and their implementation of concepts like cross collaterization loans. Furthermore, Gerald opens up about the purpose that drives him in his career daily: doing the right thing for clients to help achieve their dream of owning a home.

Useful Links:
Gerald’s Email: Gerald.pumphrey@firsthorizon.com
The REDA Podcast Email: theredapodcast@gmail.com
RealTrade Website: www.realtrade.io