Fed Hikes Rates For Tenth Time

• May 7, 2023
• realestatelife
• Podcast

Fed goes on rate hikes for the tenth time. What you must do about it to get out of debt and create massive wealth? Michel Harries talks about economic and market headlines you must keep an eye on to maintain a financially secure life. He also underlines the importance of simple interest, the power of reverse mortgage and purchasing, as well as the right way to cope with the nonstop technological progress. Michael is joined once again by Marisha Charbonnet, who explains how divorce not only impacts a person’s real estate plan but also their death.

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Listen to the podcast here

Fed Hikes Rates For Tenth Time

I want to know. What loan do you have? Maze arrived. What does that mean? It’s the run for the roses. Do you have a favorite for the derby? We are talking money. We are talking about saving money. We are not gambling on this program. Buying a home is not a gamble if you do it right, and that’s what we were talking about. You came to the right place. If you are looking to convert debt to wealth, we are looking to change lending one family at a time. We want to make sure you have the right information for the right results at the right time.

I’m approved to close loans in California, Colorado, Montana, Texas, and the state of Washington. I’m completing my 36th year in lending. I have spent seventeen years on the radio providing solutions and education. You can go to our website for the radio program at YourRealEstateLife.com. Our company site is United4Loans.com. Take down our number. You are going to need it. It is (888) 543-3980. I’d like to welcome those who are reading the show. Thank you for taking an hour out of your day to join us. The goal of the show and United Mortgage Corporation of America is to save you time and money today, tomorrow, and the future.

In this program, we are going to talk a lot about converting your debt to wealth. A lot of you have debt. You are leveraging, and that’s fine. You are buying a home you are leveraging in order to gain additional wealth. The goal is to eliminate that debt as fast as possible. We have talked about the differences between amortized interest and simple interest.

If you have leveled interest payments versus amortized, it means you are paying a lot of interest up front to pay a lot less later on. We talked about the pitfalls of that, but you don’t have a lot of choices. That is the way mortgage financing is set up unless you are doing interest-only financing. You are not knocking off any of the principles. You can then do principle reductions strategically. I’d like to talk to you more about that.

Economic Headlines And Announcements

We have been able to have our audience and past clients save money. We have been able to knock down debt 1/3 or 1/2 the time. We will talk about that in this episode. It was a jam-packed week of economic headlines and announcements. We had the job number. April jobs report came in hotter than expected as the economy added 253,000 jobs, nearly 40% more than the 180 economists anticipated.

Unemployment dropped slightly to 3.4%, spurring economists’ predictions of a slight rise to 3.6%. In short, it’s not ideal for Jerome Powell and the Fed. We are looking at these metrics. We had the Fed raise another quarter point, citing economic expansion, low unemployment, and still elevated inflation. Though it was the tenth consecutive rate hike, the Fed suggested that maybe they will make a pause. The news was there are some percentages of thinking about a June quarter percent.

As we look at these items, we look at some of the predictive analysis and what’s going on. We are looking at the 30-year mortgage. In quarter 2, it was about 6.2%. We are looking at about quarter 3 maybe going down to 5.8%. Maybe quarter 4 to 5.5%. When those numbers are predictive as they are, generally, I’m a little bit lower than those. I have been closing some loans below 6% already. I’m about a quarter lower than some of this predictive analysis, so maybe middle to lower fives by year-end.

We are completing the process of the rate increases from the Fed, which is affecting cars and maybe your equity line. I don’t know if you looked at your equity line, but if you look at the prime rate at 8.25% and your prime plus 1 and prime plus 2, you got 9%, maybe 10%, or even 11% as the front number on those equity lines. It’s simple interest. Simple interest is going to be lower than your mortgage. Take a look at your mortgage statement. If you don’t have it, that’s fine. Look at the percentage you are paying towards interest on your monthly payment. We will talk more about that.

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I am excited to be here. You don’t have to wait until the end of the program to call. Many times, the phone lines get flooded at the end of the show. Call right now. The team is standing by. If you don’t reach someone, I will be calling back directly after the program. Leave a message, the best time to reach you, maybe your email, or the best information so this way, we can address those items and maybe send you information.

If you’d like to get information regarding a perfect financial GPS program to help you reduce your debt in 1/3 or 1/2 the time without changing your lifestyle, send me an email directly at Michael@United4Loans.com or Radio@United4Loans.com. I want to get that information out to you promptly. We are going to be starting weekly webinars where you can attend. That will be probably on a Tuesday at 6:00 PM. We are going to be doing that because we have a growing amount of individuals who want to get the information and get started. I want to make sure to get it out to as many people as possible because everyone we are talking to is saving money. We are seeing that happen.

I had an individual that $347,000 would be saved on their debt based upon using the principles of money. We will go over that together one-on-one. We are going to start maybe with that webinar and then go into individual meetings and time setups based on your availability. I have many appointments that we are looking to finalize, finish the process, and get the program and that opportunity in their hands. This way, we can set up their ins and outs. We can run your numbers as we ran theirs and show the results. I want to help you. Call us (888) 543-3980.

10-Year Note Increase

We saw the 10-year note was up 1 basis point to 344. It hit a low of 330 but a high of 360, so it traded in a decent range. That 360 was about an 8-week high. Mortgage-backed securities were up seven basis points. It was not much at all. That’s less than 1/8 in fee. It is about interest rates status quo. We saw the Dow down 424 points, the NASDAQ up 8, and the S&P down 33.

I want to help discuss with you what’s going on with your real estate life. Are you sitting tight? Do you have that 2%, 3%, or 4% interest rate and you are going, “I can’t do any better. This is where we are going to be.” I can show you effectively how to get that rate cut in half without refinancing by managing your money and debt properly.

I want to help. I want to show you a perfect financial GPS. Give me a call at (888) 543-3980. There’s nothing wrong with getting better information to make a wise decision to see if you can do better. It’s getting the information. This information is free to you from me. I want and am willing to take the time to show you how this can be done and illustrate it with your numbers so you can make the decision.

We had a young lady who said, “You are not going to be able to help me. I’m doing everything. I’m doing everything I can do, but I will humor. Let’s get the appointment. Let’s do it.” We then have the appointment. It wasn’t $347,000. It was only $122,000. I had to help stop her from wanting to do something that day to set up the next appointment. It was so I could make sure she had enough information to go ahead and get that process going and the opportunity started for her. I wanted to refine and make sure we had all of her income, her debt, her monthly expenses, and accurate information. I’m about accuracy. If you put junk in, you are going to get junk out. I want to make sure it’s the right information so that $122,000 is accurate, which it was.

These are the things that we are doing. We had someone save $85,000. We had someone save $168,000. We had someone save $242,000. We have had many people save money. That money is cutting years off your debt. If you have 28 years remaining, maybe you are paying it off in 12, 8, or 7 years. That debt is gone. That monthly money that you are spending every month on that debt is money that you can invest or do something with. Even if you put it in an account at 1%, it’s going to grow like you wouldn’t believe. That’s the power of compounding interest.

For many of you, we could talk about various banking strategies and wealth creation strategies once you get there. This is not just for those looking to get started. This is also for those who have multiple real estate, multiple properties, and multiple mortgages looking to increase their doors, their wealth, and their stretch on where they are investing. We have been able to have tremendous success with those individuals, creating more income strategies and utilizing the principles of money to do so.

I want to talk to you. Call me at (888) 543-3980. If you like, you can text. Let me know if you want to get a few links of information about this so we can discuss it further later. You can also review it on your own. If you want to leave your email address, I can send it that way. If you leave your cell number, I can send it that way via text. Either way works. You can send it to Radio@United4Loans.com.

It’s been exciting watching people save money. On the other side, in United Mortgage Corporation of America, we are writing loans. We have equity loans. We also have equity lines that we are closing. We are closing these for individuals who need to go in excess of 75% or 80% combined loan-to-value. The equity position isn’t as great, but we are able to then go up to 95% combined loan-to-value, which is different than most of the banks, institutions, and credit unions that are out there. They are starting to charge for their services as well. I’m looking to help those who cannot get it for little to no cost. We are trying not to cost a lot either because I’m trying to do it as a service to you.

We have equity lines closing. We have approval that we received on a reverse mortgage for a couple in Texas that we are helping out. We are getting them in gear with their equity position so they have a line of credit. They can use the money this 2023 and additional money available the following year. It’s helping the adult children take care of the senior parents with the equity that they have worked hard to earn. The home is taking care of them. We will talk more about that if that’s your need.

You only need to be 55 years of age to qualify for a reverse mortgage. There are different types of reverse mortgages, 55, 62, and various others. It is 60 in some states. We want to talk to you about what you can do to utilize the equity you have to possibly not eliminate but have the option not to have a mortgage payment. You still pay taxes, insurance, and any HOA. Those still need to be paid, but it helps alleviate that monthly expense and allows you to remain in the home. It gives you access to funds. Maybe you need help at home. Maybe you need care. Maybe you want to travel. Maybe you want the comfort of not having that monthly overhead. You are retiring. Your income may not be as high as it was. Maybe you are looking for this to be that supplement.

We are also looking at reverse purchases. We have been helping individuals about that where somebody sells a home, has money, and got some good proceeds and they are putting in money towards the new property. Based upon computation, let’s say they put 50% or 60% down, or whatever the case may be, and then they have no required payment on the new purchase reverse. If you want information regarding a reverse mortgage, I can send you information so you can get more of an education. You will have an education certificate requirement here in California that we do and other states that were approved. We then look to get started. Call us at (888) 543-3980.

FED Rate Hike

We are still taking in the Fed rate hike that happened. We have the employment numbers that happened. We are keeping an eye on all of these items as they go through. The next Fed meeting is going to be on June 14th, 2023. That’s the one that we don’t know yet based on percentages if there’s going to be a pause or there’s going to be an additional quarter rise. We are going to watch the information as it comes in.

In 2022, interest rates were about 5.27. This time, they are a bit higher. They are closer to about 6.39. I’m usually about a quarter percent lower than those. I’m high 5 and low 6, depending upon your unique situation. The reason is based on your loan size, equity, and credit score. All of these things matter. In APR or the Annual Percentage Rate, the cost to obtain a loan will vary depending upon those items.

You have heard a lot of these things about what’s going on with some of these adjustments. It’s been on the news, which is interesting. As they come onto the main sector of the conversation, people are talking about these so-called LLPAs. These are items of adjustments to the price. A lot of people are thinking, “That started on May 1st.” It’s on loans that went into servicing on May 1st, 2023 so it started for us a couple of months ago on the lending side. It’s a little bit different than what most people think. When you are thinking about OG that happened, it already did.

What we do is we are looking at these changes. Where these changes went into play is on the higher loan-to-value equity position for lower score borrowers or first-time buyers, and then also the middle range areas for higher scores. A lot of people are talking about, “You took from the better score and gave to the lower score. That’s not fair.” It looks like a direct correlation, but you are still paying less if you have a higher score than if you had a lower score.

It doesn’t pay, “I’m going to ruin my credit so I can get a better loan.” The gap between the two has tightened. In other words, it’s not as additional fees as it was for the lower score and not as rewarding for the higher score, but you are still getting rewarded. Hopefully, that makes sense. It’s still an odd set of circumstances and timing for the events. They made changes also for cash-out and various other items that happened previously. It costs more for cash-out loans.

Second homes are being priced more like a rental property rather than a primary property. We have seen a lot of lower activity on second homes as a result and market in general. A lot of things are going on. We are watching a resilient economy. We are watching interest rates still rising. We are watching rates overseas and the European market also hiking but by less. We are watching the mortgage rates meander around a little bit.

Consumer Price Index

We have some news coming out. The Consumer Price Index is coming out, which is a high indicator. That’s going to show the item that I have been talking about for months. It’s going to have the ability to eliminate April 2022 and replace it with May 2023. Depending upon the inflationary number that comes out, we are going to see it replace 0.6 in 2022. If it was 0.4 or 0.2, it’s going to get marginally better. Estimates are about 0.4. That will be 0.2 better than it was previously. We will see how that goes.

We will have the Core Producer Price Index and Jobless Claims Producer Price Index. We will also have consumer sentiment. We are watching all these items. We will see if we are smelling like a rose. Run for the roses. That’s our theme. We are going to see if we get that thorn or we are going to come out very nice. That’s what we are looking at as we are looking at interest rates and moving forward. As we get through to the middle of 2023 as that approaches, we are going to see if we can turn the corner and see about lowering rates.

Divorcing The Debt

Some of the loans that we have been closing, we have been closing with lesser fees to be in a position to get better rates later on. It sounds corny, but you are burying the home and dating the rate. We are looking to help you divorce the debt. By divorcing the debt, we are not running away from it. We are not running away from what you signed for in responsibility. We are not doing something fancy, ruining credit, or doing anything like that. We are talking about attacking early interest.

I mentioned before that you have a mortgage statement, whether you go online and look at it, print it, or whatever the case may be. If you look at the monthly payment that you make, hopefully, you are making it and not falling behind. If you look at that payment, what percentage of that payment interests and what percentage of that is the principal? That is the big question I want to ask you. I want to ask you. Have you looked at that? It’s important.

There’s an interest rate, and then there’s something that’s interest volume. That interest volume is what it is that you are making that payment on. You are leaning toward a much higher percentage than you may think. That payment that you make is not that in which it is. If you are paying 3% and you look at your statement and you are at 62% of that payment, that is your interest volume because it’s skewed going forward.

Perfect Financial GPS

The opportunity I want to show you is that GPS for your finances. At any given moment, you can see the true cost and long-term impact of every financial decision you make. It’s going to be done for you, dynamically adjusting to the changes in your income and expenses and telling you the exact date you will be debt-free. It does this by accounting for all your income, expenses, and debt using high-level banking strategies.

This is repurposing and handling your money. It’s eliminating your debt as quickly as possible. It’s playing a game. It’s going for the bullseye each and every day working 24/7 for you. Like how your GPS updates your roots, your estimated time of arrival, and every turn you make, this is what the program and opportunity will do for you and your finances. It is truly that easy. It’s going to save you thousands of dollars. For any purchase, it gives you your new debt-free date as you make these changes. It allows you to look at that up to every single penny.

The bank’s got a plan for you. It’s to pay the full amount of interest over the time of your loan. If you redo it, hey, maybe you start over because you want to save money monthly, but then, you are paying more interest. I have a better plan. I want to show you how you can eliminate that and you could become the bank. Instead of paying the bank’s plan, you could put the money where it belongs back in your pocket. I want you to learn more about this. Email me at Radio@United4Loans.com. I’m going to send you out information.

I have this opportunity. I have seen my numbers. I bought a home a few years ago. I downsized from my existing and put a decent amount down. Three years after I started, I had the opportunity. I’m seeing my numbers more than halved. I’m having everything taken care of and paid for. I may have been able to do some fancy stuff like spreadsheets. A lot of you are thinking, “I put extra money. I put an extra this and that. I do that,” but you are not necessarily taking the right exact optimal path where I was going to be leaving about 2, maybe 3-plus years on the table because I couldn’t exactly mimic what the algorithms, numbers, and programming here are doing.

I’m good with numbers, but I’m not that mathematician. I looked at the opportunity. It’s going to save me an extra three-plus years. That was a lot of money. It was $136,000. I have a program that’s smarter than me that doesn’t talk back. I like that. I can look at the information, take it in, and understand it. If I want to do it this way, it will tell me what I have done to divert off the path and where I’m not doing my optimal result. I like that. I hope you will.

You may not be a numbers person. I put them in the middle of my desk. Most people push them off to the left, the right, or off their desks altogether. This is going to keep you focused and consistent and keep you on the path. It’s going to be accessible. You don’t have to come up with thousands of spreadsheets. You may need 10 to 15 minutes each and every single month because it’s working behind you every day. Let me show you how. We are going to have Marisha Charbonnet join us as always on a monthly basis. Give us a call at (888) 543-3980. There will be more after the break.

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I’m excited to be here. I am excited to be here on News Talk 1590 KVTA and K-EARTH 101. We are having a busy program already. A lot of calls are coming in in order to get the information. It’s a friendly link to look at the information to gain a slight education to then hopefully have an appointment where we can go through and then eventually run your numbers. We can show you how you could become debt-free in as little as 1/2 or 1/3 of the time.

We are in the mortgage business. We want to write home loans, whether you are going forward or reverse or whether it’s commercial, residential, or construction. We will handle everything from FHA to VA to jumbo to conforming. We will do it all. We will do equity lines and equity loans. I have been doing it for over 36 years. I want to help guide you through the process and save you money. You need to be prepared. You need to make sure you have the right plan. That also goes into your estate plan. Your estate plan is very important. We have Marisha Charbonnet joining us. What do you have for us?

How Divorce Impacts Death

Thank you for having me on the show. I know one of your areas of expertise is in helping clients who are going through a divorce, evaluate options for keeping a home and buying out the other spouse, or qualifying for a loan to buy a new home where assets and income have dramatically shifted. It goes without saying that divorce impacts every aspect of a person’s life. What many don’t realize is that it also impacts their death.

While I have heard many a divorcing person utter the words, “I don’t know if I’m going to get through this,” few have ever paused to consider what would happen if they didn’t. In most cases, until a divorce is finalized, the parties remain legally married. It means that if one spouse dies before the divorce is completed, the other spouse will receive whatever they would have gotten if no one had ever filed for divorce in the first place. This means that if there is a will or trust that was created during the marriage that weaves the assets to the other spouse, the other spouse may get everything even though they would have only gotten half of everything if everyone had survived the divorce.

If no one ever created a will or trust, probate laws would still send all of the community property and sum or all of the separate property to the surviving spouse. On another front, spouses typically name one another as the person with the power to make medical decisions if incapacitated. Imagine having your soon-to-be ex be the person making decisions about life support or risky medical procedures.

Many people don’t realize that as soon as a person files for divorce, automatic temporary restraining orders kick in that restrict the ability to create or alter an estate plan unless they get permission from the court or an agreement from their spouse. Importantly, it is possible to take certain estate planning steps to protect yourself even after someone has filed for divorce. Divorcing parties can always create a will or update a power of attorney or medical directive without having to seek the court’s permission or get consent from the other spouse. Additional steps can also be taken with the help of your attorney.

Once a divorce is finalized, it’s critical to make sure that your estate plan is updated to account for your change circumstances particularly since a divorce will automatically terminate the appointment of a spouse in certain roles like an executor. This means you may be left without anyone to act on your behalf if you don’t update. For those thinking about divorce, it can be advantageous to talk with an estate planning lawyer before filing and before your options become restricted by the temporary restraining orders. For anyone interested in learning more about estate planning as it relates to divorce, I can be reached at (805) 496–4681 or FamilySecurityLawGroup.com.

Thank you so much. That’s such great information. Thinking about it, I have a few clients who are going through that unfortunate event or, in some cases, from their perspective, fortunate events of a divorce. They are coming up with whether they are buying the spouse or going through that process. Sometimes, these divorce cases and items go through a long maturity process. If it’s one month, that’s great maybe. In 8 months, 2 years, 3 years, life things occur. If your health is the decision that you are going through this 3-year, 2-year, or 1-year battle with, that’s not advisory.

If you want to make sure your estate plan and information are correct and up-to-date, do seek out Marisha for that information. If you need her information, you can reach us any time. Reach us at (888) 543-3980 or Radio@United4Loans.com. We are going to get you in touch with Marisha. Marisha has updated our family trust over the years as my children are over 21. When they get 21, you have to talk about healthcare directives and whatnot for them because you can’t make those decisions. That’s going to be a very important estate planning item as well and possibly getting your adult children on the right path.

Graduating College

I have my daughter graduating college soon and starting grad school after that. She got into that. My son graduated a few years ago from college, so I’m at that transitional age. As I have been doing radio for seventeen years, the kids have grown up as me doing my program. I have gone through all the cycles from them starting school, going to school, and all the changes, and raising money for high school, the band program, and various things they have gone through.

This 2023, the band director of the school the kids went to, Thousand Oaks High School, is retiring. We are going to be watching him do his final directive over there at the Civic Arts Center out in Thousand Oaks on the 22nd of May, 2023. We are looking forward to that and seeing old friends. We all get older. We have to look at the right items and the right information for the right decisions, whether it is a reverse mortgage, which we never would have thought of when we were younger. It’s utilizing the equity in your home to work for you and give you a little bit more freedom and flexibility on a monthly basis for staying in your home. It’s keeping that lower tax number for you.

We talk about transferring your property taxes to a potential property that you are buying. We are looking into those items as well. We want to make sure you get the right advice and information. It’s not hindsight. It’s foresight. You want to understand where you are going and the decisions you can make rather than, “I made the decision. Was it the right one?” You then look back and can’t do anything about it. You can make that mistake in estate planning. You can make that problem in getting a loan. There are many different paths. We want to make sure you have the right experts on your team. As we assemble that between your realtor, home inspections, appraisers, and course lending, all the different things matter.

You have your expertise in what you do. I can’t pretend to do your job. I may have an idea about certain things, but I can’t perform the surgery. It’s like putting me up, “I can ski,” but you are going to stick me on top of the hill on a double diamond. I’m going to look down and you are going to go, “I will meet you at the bottom.” I’m snowplowing down probably to get there or I’m screaming halfway down and wondering, “Watch out for that tree.” You have got to understand where your limitations are. As you get older, you understand that your mind is writing checks that maybe your body can’t cash. You can’t get to that result. Let me guide you through the experience with money. Give me a call at (888) 543-3980. We will have more after the break.

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Lowering Financial Obligations In Half

This is an exciting program. Many individuals are moving forward and looking to save money and pay off debt sooner by eliminating early interest. Amortized interest is more upfront and less on the back. It is simply interest leveled. We are looking to utilize the principle of money to lower your obligations in 1/2 or 1/3 of the time. Let me show you how that is done. It is a numbers game, and numbers don’t lie. They are finite and absolute. Let me show you how you can have them work for you.

Reach me at Radio@United4Loans.com. When you send that email, I’m going to email you back three links that I want you to look at. They are very short. One of them will be closer to 28 minutes. It’s up to you if you want to watch that one. That will save you half of the meeting that I want to have with you in order to prepare you to gain your numbers. This way, we can see what the opportunity can accomplish for you. Then, it’s your decision.

Gaining information should not be something that you are avoiding. You don’t want to be embarrassed. You don’t want to be in a bad spot like, “I don’t want to do that.” I want to show you how this money can come back to you. Let me help. Call me at (888) 543-3980. If you don’t get the team live on the phone, leave your name or an email and say, “Send me the info.” We will know what that means. I will send you the info. We are going to get this out to you. We are trying to reach as many people as possible. We are building that community of individuals that are saving money.

You don’t need to own a home to utilize this opportunity. We have had individuals who have student loan debt. They pay rent. They have student loan debt, credit cards, and other items and they have piled up. They have discretionary income. They have money left over, $50 or $100 at the end of every month, but they are tight. We have seen it go from 15 years all the way down to 3 years. That is how quickly we can help you right the ship. Let me show you how. Let me relieve the stress.

What is your why? What are you looking to do? What would that mean for you if that obligation and debt were going to be retired that much sooner? Maybe you are not sure. Maybe you don’t understand. That’s why I want to get you that information. You are saying you are not ready. How can you not be ready to save money? It is that simple. That’s easy to do.

It’s like buying a home when you are saying, “I’m not ready.” If you are not ready, what would get you ready to buy a home? What do I need to do to help you get pre-approved? Is it an interest rate? Maybe you are pre-approved. You have got to find your can, your should, or your must. What do you want to do and when do you want to do it? It’s the same thing with this debt strategy. We are eliminating debt to put you in a better position to maybe be ready to purchase. You are like, “It’s not the right time.” When is the right time? What do you need to see? Let’s plan that together.

If you are not interested, that’s fine, too. You continue to pay what you pay. That’s great. I’d love to save you the money, but maybe you don’t want to save the money. That’s up to you. It’s a simple email or call. It’s (888) 543-3980 or Radio@United4Loans.com. I want to show you your numbers to allow you to save a third or half the time on your obligations. It takes 30-year loans, perhaps down to single-digit loans.

We have had a purchase loan where the individual was looking at a 30-year loan. We looked at the difference between a 30-year loan, a 7/1 adjustable, or a 7/6 adjustable. It means it’s 6 for 7 years then it goes to a variable rate or 10 years then it goes to a variable rate. We looked at the difference. It was saving some interest. We ran their numbers. If they follow the opportunity, they are going to be debt-free in a little over eight years. It made sense for them to look at the ten-year loan, save additionally, and then knock off more.

Based on the equity that they had, we also put a line of credit behind it. In utilizing that line of credit as a secondary item, we were able to also eliminate another year and change from that debt payoff. We took it below seven years. These are the items that I want to attack and do. You don’t have to sit here and do longhand computation because it’s all being advised and showing you up to 90 days in advance what it is that needs and is going to occur and be done.

Advancing Technology

Technology is advanced. You don’t have those maps in your glove compartment anymore. Maybe you do, but they are getting old. If you open them up, you have to figure out how to fold them back up. You have a perfect financial GPS program here that’s going to help you navigate through the process. You don’t have that punch key typewriter, that old Remington that you are pushing down and breaking your finger, getting down deep. Then, it was an electric typewriter. Things have changed.

We were all excited back in the ‘80s when we got pagers. Remember those? Remember the payphones? You had to get dimes or quarters. You go back and you were looking for a payphone. If you talk to young people, they are like, “A pay what?” There’s no payphone. Things have changed. We were excited when we got a fax machine, but you had two hard things on both sides. The fax paper would keep on rolling back up and you had to make it flat so you could make a copy. When we got a plain paper fax, we were all excited. That’s changed.

You look at deaths and situations where people have these large desks with drawers and file cabinets. Do you? No. You have a nice drafting table that adjusts up and down. You can put everything in storage on the Cloud. You don’t have anything that you print. The printers are becoming prehistoric dinosaurs. Who prints? Who needs that? You are like, “If we need a copy, we will go ahead and print it, but until then, I will store it and put it over here.”

Things are moving and changing. I want to do that with your finances. It’s not about envelopes, papers, and spreadsheets. There are a lot of different efficient ways that you can do things and have those as your backups, not your primary. When I started in the mortgage industry, I was very big with index cards. I had the little 3×5 cards. I had the name of the client, address, loan amount, appraised value, and contact information. I had these index cards. I was big on it. I even took those closed wire circles and punched holes. It had all my deals and things going on. When the deals were done, you put them in a Rolodex. You put them into a file thing. I alphabetized them and I had my clients.

There were no emails when I got started. The emails weren’t there. You couldn’t go market people that way. You sent out snail mail. You sent out things like that. You sent hand letters and things. You call people. You drove places to pick up things. They weren’t sent over by a shared file, Dropbox, or any of the other methods where they are scanned and uploaded.

You had to go there and go belly-to-belly. You had to sit down at the kitchen table, fill out paperwork, get paperwork, copy paperwork, and send it back. That is the way things were done, but it wasn’t as efficient. It was a better quality of work in some cases, but it wasn’t as efficient time-wise. I want to give you efficiency in your finances. It will save you money. No one taught you this in school unless you got a degree in finance, did accounting, and all these fun things. Nobody showed you. You saw it, did it, and fell into it. Even your banker, your insurance person, or your financial planner, to some degree, doesn’t utilize money as efficiently as it could.

0% Earning Checking Account

On a basic note, how many of you still have a 0% earning checking account? It has changed. You don’t have to. Interest rates have gone up. I told you the prime rate is at 8.25. You could earn a 3 or even a 4 as the front number. You are giving up money. It’s a simple item that you could click and do. You could be earning more money every single month.

If you complain about $10, $12, or $15 on this bill or that bill and you are like, “Gosh,” I want to show you how you can get some of that money back. Let me look and see what we can do to set up an efficient process that you can understand, replicate, and follow that could become what you and your family have been looking for or maybe not looking for but not knowing was there. Call me at (888) 543-3980.

On this program, we talked a lot about debt, getting out of debt, and creating wealth. We talked about lending. We talked about the employment numbers that came out. We talked about the Fed increasing a quarter percent. We have the Fed possibly looking at stabilizing and not doing anything or looking at another quarter in January 2024. We are keeping an eye on that as we see economic news come out.

We are also helping on the lending side. We are doing purchases and refinancing. We are going forward and reverse. We talked about reverse mortgages. We have construction loans. We have commercial loans. We are doing everything from loans under $100,000. We are also doing home equity lines of credit and loans. We are also doing those jumbo loans and high-balance loans. We have cross-collateralization loans. It is when you have multiple properties and you are using the equity of those properties to borrow.

We have what is called bridge loans. It depends upon your ability to sell your home. We have what is called non-qualifying mortgages. These are loans outside the box. These are outside of Fannie Mae and Freddie Mac. We can go into those details more. These are loans that will allow you to look at bank statements of 1, 3, 6, 12, or 24 months of cashflow and bank statements. Asset depletion loans, we can help with those. We have individuals who have ITIN numbers. They do not have a social. We were able to get them loans up to 11% down payment and 89% loan-to-value. We are getting people in on those also.

I mentioned to you the home equity lines of credit, which we specialize in. I like looking at the ones that the banks or the credit unions don’t want to do because I want to make sure you get the best result. Call me and I will let you know if I’m the best for that or not. I have equity lines we are doing at 85%, 90%, and up to 95% combined loan-to-value. We are paying off more expensive debt. We are having simple interest and then looking to pay off that debt even sooner with the principles that I have mentioned about a perfect financial GPS program. We are taking one shot, following up with a second shot, and then going to knock you home.

Being Comfortable In Your Home

We are in baseball season. I love baseball season. I always talk about baseball. I follow that a lot. I want to make sure you are finishing on top. We are not going to strand you and leave you on base. When you purchase a home, it’s not about what you are getting in the home. It’s about staying in the home and being comfortable in the home. It’s not about you getting in and the door shuts where the deadbolt gets locked and you are not getting out. I want to make sure you understand what you are doing and how we can get you out of debt and obligation as fast as possible.

Many of you have been able to buy additional doors for rentals or other abilities to create additional wealth. We have been freeing up individuals on that. I have a very low interest rate. I got 2.75 on my home now. I should be happy. I looked at this opportunity and my effective rate is below 1%. Take that in. I’m not refinancing, I’m not doing debt forgiveness or walking away from things. You are contracted to pay what you owe but you are not contracted to pay as much interest over the life of your loan if the life of the loan has gone down.

That’s what we are going to do. We are going to attack early interest so you can pay more toward the principal and get rid of that debt sooner. It can be done. Let me show you how. If you are a naysayer, let me show you and you tell me, “That’s crap.” It’s not. I want to show you what can be done and open your mind up to other ideas or things that were not shown to you.

It’s what the banks and the insurance companies are looking for with you. Every time you do a loan on an amortized loan, you are paying 80%, 70%, or 60% towards interest over a span. It takes 18 to 22 years before you are going to be 50/50. Once you get to a point of 25 or 26 years in the last 3 or 4 years, you are coasting. It’s all principle. You paid all that interest already.

I want to show you how you can accelerate that and take, let’s say, $5,000 and see $22,000 go away. You don’t have to do the math. It is going to be shown and done for you. You don’t pay for the items every month or every year. This is not some subscription. I want to show you how this can be done. Reach me at Radio@United4Loans.com. Call me at (888) 543-3980. It’s been an exciting program. I’m very excited when I talk about lending money and saving money. I spend your money the way I spend mine sparingly. I want value for my money and so should you.

Your lender and creditor love you. You don’t need that love in your life. You need to make it stop. If you are renting, you can utilize this perfect financial GPS program to even get in a better position to eventually look to purchase or get debt-free. If you are renting, you are making a mortgage payment. It’s not your own. It’s your landlords. I want to show you how you can finish on top.

We have individuals that are paying excruciating taxes. Many of you have already filed your taxes. Some of you filed the extensions, but you still pay what you owe. I want to show you how we can get you in a better position so this way, you can owe less and retain more. Your tax preparer CPA will very much appreciate that. We can get them involved in the process. I want you to take the advice from those you trust and those you have worked with previously.

I want to give you information that you can count on. Let me send you a few links and some information. We can then set a time when I can personally meet with you online. I have been in lending for 36 years. I have been on the radio for seventeen years. I want to bring my information and my company’s information out to you. Let me do that for you. Call me at (888) 543-3980. Go to your YourRealEstateLife.com or United4Loans.com. Thank you so much for joining us. Until next week, what loan do you have?

Important Links

• Michael@United4Loans.com
• Radio@United4Loans.com
• Marisha Charbonnet