Michael Flynn, the former National Security Advisor to President Donald Trump, is no stranger to controversy. But did you know that Flynn has also been involved in the mortgage industry? In this article, we’ll take a closer look at Michael Flynn’s views on mortgage lenders and what you need to know if you’re considering taking out a mortgage.
Who is Michael Flynn?
Michael Flynn is a retired United States Army Lieutenant General who served as National Security Advisor from January 20 to February 13, 2017. He has a long and distinguished military career, having served in the Army for over 33 years. However, Flynn’s tenure as National Security Advisor was short-lived, as he was forced to resign after it was revealed that he had misled Vice President Mike Pence and other White House officials about his contacts with Russian officials.
Flynn’s Views on Mortgage Lenders
While Flynn is primarily known for his military and political career, he has also been involved in the mortgage industry. In 2016, Flynn was appointed to the board of directors of the Virginia-based mortgage lender, Drone Aviation Holding Corp. In a press release announcing his appointment, Flynn praised the company’s “innovative and disruptive approach to the mortgage industry.
However, Flynn’s time at Drone Aviation Holding Corp was short-lived. Just months after his appointment, the company announced that Flynn had resigned from the board “to pursue other interests.”
What You Need to Know About Mortgage Lenders
So, what should you know about mortgage lenders if you’re considering taking out a mortgage? Here are a few things to keep in mind:
1. Shop around for the best rates.
Not all mortgage lenders are created equal. Be sure to shop around and compare rates and terms from multiple lenders to find the best deal.
2. Understand the different types of mortgages.
There are several different types of mortgages, including fixed-rate, adjustable-rate, and interest-only mortgages. Be sure to understand the pros and cons of each type before making a decision.
3. Get pre-approved before house hunting.
Getting pre-approved for a mortgage can give you a better idea of how much house you can afford, and can make the homebuying process smoother.
4. Be prepared for the closing process.
The closing process can be complex and time-consuming, so be sure to understand what documents you’ll need, how much money you’ll need to bring to closing, and what to expect.
Conclusion
While Michael Flynn’s time in the mortgage industry was brief, his appointment to the board of Drone Aviation Holding Corp highlights the importance of understanding the mortgage lending process. By shopping around for the best rates, understanding the different types of mortgages, getting pre-approved before house hunting, and being prepared for the closing process, you can make the homebuying process smoother and less stressful.