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Stacey St. John

JANUARY 31, 2023

# 13: How to Choose the BEST Mortgage Option with Brenna Carles

When it comes to short-term rentals and Airbnb, choosing the right mortgage can be overwhelming. But don’t worry, it doesn’t have to be that way.

In this episode, I’m joined by Brenna Carles, co-founder & CEO of The Mortgage Shop, who explains the various types of loans for those investing in short-term rentals. Brenna provides insights into the best mortgage loans for those with a low down payment and helps us understand the difference between mortgage preapproval and prequalification. She also shares tips for keeping your debt-to-income (DTI) ratio low.

Brenna started The Mortgage Shop because she was frustrated with how difficult it was to find a loan when she wanted to buy an investment property herself. She has since helped numerous real estate investors find their dream homes.

With Brenna’s expertise, you can gain a better understanding of the different mortgage options available for short-term rentals and Airbnb hosts. You’ll also learn about strategies that can help you secure the best loan for your needs, even if you have a low down payment.

Highlights and Key Points:


[03:43] Who is Brenna Carles? Her backstory and how she got into short-term rentals & mortgages

[07:50] The different types of loans for people investing in short-term rentals

[11:30] The second home loan/ vacation home loan requirements

[15:45] What is a conforming loan, and how is it different from Debt-Service Coverage Ratio (DSCR) loans?

[17:17] Projected rental income vs. established rental income

[19:20] Which loan products require projected rental income, and which products require established rental income?

[20:36] Best types of mortgage loans for people with a low down payment

[23:27] Strategies you can use to keep your Debt-to-Income(DTI) ratio low

[27:44] The difference between mortgage preapproval & mortgage prequalification

[29:27] When should you start the preapproval process if you are looking to purchase a property?

Golden Nuggets


  • “You need to have a purpose in what you are doing, and you need to see how that can make a difference in other people’s lives as well.”
  • “Do everything you do with your heart. Look at why you want to do it, and be honest with yourself.”



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