Good Economic News Is Good News

• January 29, 2023
• realestatelife
• Podcast

Are you getting the benefits of today’s market? Are you aware of what’s new in today’s economy? In this episode, the President and CEO of United Mortgage Corporation of America, Michael Harris, brings you good economic news and how mortgage rates are starting to go down. He’s closely looking into this economic news because Michael wants to ensure the best results on the loans they have not processed yet. Also, Allen Lissauer from Financial Sanity Now offers his insights on having bad credit and getting a mortgage loan with bad credit. Michael wants to help you save money by consolidating your debt and eliminating them for you. So, get a hold of him and tune in to this episode to be debt-free.

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Listen to the podcast here

Good Economic News Is Good News

I always want to know. What kind of loan do you have? Rise and shine. I see the purchase market unfolding. It’s starting to move. Yes, it is. We have clients who are working under FHA, VA, and conventional loans, including buy downs. We’ve talked about that, a two-one buy down. They’re buying down the rate to gain a lower payment. We have a concession coming from the seller side. We can talk more about that as well. We have a twelve-month bank statement loan in the process where the individual who is self-employed has great cashflow.

They may not show all of that on the bottom line on their tax return but we have great cashflow and we’re getting them in on a purchase loan. They’re putting down 20%. It can happen as little as 10% down. If you’re self-employed, you’re looking to get into a home. We can look at those possibilities. Everyone’s in that in-between space of not quite filing that tax return yet for 2022. Is it going to help you? Is it going to hurt you? What are you looking to show? Are you looking to show income from 2022? Are you aggressively writing off in 2023 so we can talk about that and get you to the best product available for you and your family?

We’re working with individuals under DSCR, Debt Service Coverage Ratio loans. These loans are for people who are looking for investment property. They’re buying a property. The principal, interest, taxes, and insurance are covered by the rent. The rent is offsetting. With that, we’re able to get them a cashflow loan based on the rental. We can talk to you about that, whether you’re buying your first or your second or adding to your portfolio. We can talk to you about a DSCR loan but we will look to qualify you first because our goal at United Mortgage Corporation of America is to get you the lowest rate possible based on your unique circumstances. That’s what we do.

Interest rates have hovered near the best levels, not higher, since September 2022 despite several good economic readings and reports. In this program, we’re going to talk more about that. We’ll discuss what has happened, what’s upcoming next, and what will happen beyond. We’re approved to close loans in California, Colorado, Montana, Texas, and the state of Washington. I’m in my decades of lending and a couple of years on the radio providing solutions and education. You may look at our radio website at YourRealEstateLife.com. You can go to our company website at United4Loans.com. Take down the numbers. You’re going to need it. (888) 543-3980.

Not making the phone call, you can do that. That’s fine but making that phone call can save you thousands of dollars. We can evaluate what you have and see what we can do to improve it. Many of you are saying, “How can you improve my rate at 2.75%, 3.25%, or even 4.5%?” We’re going to look at what other items you have on the balance sheet. What do you have? Do you have credit card debt student loan? Maybe your equity line has misbehaved. We’re going to take a look at these items and I want to show you how I may be able to lower the amount of interest you pay to 1/3 or 1/2 of what you’re doing. It sounds intriguing. I love to send you an email or a text to introduce you to the concept.

I’m not asking for more money, jobs, income, and prepayments here. Not even necessarily a refinance because it has to tangibly make sense to refinance. We’re helping individuals, who are renting, improve their credit scores by eliminating debt. Later on, in the program with Financial Sanity, we’re going to be talking to Allen. Allen’s going to talk about the debt ratio, 45% lower. In some cases, it needs to be under 40% because of new changing guidelines. You are going to have to pay more if your debt ratio is higher than 40%. We’ll talk about that.

I have a loan that got approved with a 55% debt-to-income ratio because there were strengths and other places on the file. The results can vary depending on the strengths but also your pricing. This is what I like to do for you. I spend your money the way I spend my money sparingly. I want value for my money and so should you. I want to take a look at what you have and what I can do to help improve your real estate life.

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Protect Your Credit

In about 32 other states, we can lend under the DSCR loan. We can get that done for you. Depending on where you’re going or looking to get financing, I may be able to help. If I cannot, I can try to refer you to other professionals that I know can do a good job for you. I have no problem doing that. One young lady has been approved in 15 other states and only 1 overlaps with me. She does a fantastic job and has been referring her business so we can take care of that for you. (888) 543-3980. I like to welcome our audience on News Talk 1590 KVTA and 97.9 FM, streaming on KVTA.com, and our Sunday audience on K-Earth 101 at KEarth101.com.

I like to thank you for spending this hour with me. Some of you may be like, “I’m not spending an hour. I’m spending five minutes.” Write down the number, (888) 543-3980. You call me when your time allows. I know you’re going to work. You’re coming home from work. You got a family out and getting an early start. I got it but you’re reading for a reason. You’re either looking to purchase or possibly refinance, consolidate debt, or do home improvement. We could talk about cash out. We can consolidate your higher debt. Maybe it is to purchase. Maybe you’re looking to get pre-approved.

A pre-approval is different than a pre-qualification. A prequalification is a conversation. That’s where we’ll start. I look to gather the documentation, whether you’re self-employed, salaried, or on commission, whether you have a disability or have pension income. Maybe you own real estate, corporations, or partnerships, whatever the case may be. We’re going to go through those items and then also talk to you about credit. I don’t lead with credit. Credit is a whole other story. We’ve had a lot of change in our industry when it comes to credit.

In some credit reports, we’re running up to $90 to run a 3-bureau report. The fixed costs on my end, if I’m brokering a loan, are about $63. If I’m doing it on my warehouse line, it is about $36.5. That’s way up from where it was before. I just don’t want to run credit. I also advise you that you do and you should also find out from my end where you want to get on the opt-out list for other people calling you. What happens is I run a hard credit report. I can run a soft credit report as well for $25. I can run that until the time that we’re looking to get final approval.

I have run a credit report and my client has gotten no more than 72 phone calls in 2 days from other lenders looking to take or talk to them about lending. The information is getting pushed on the backside from the credit bureaus. We have to be very careful about this. If you want more information about filling out an opt-out, call me. I can get you on that opt-out. You go on there and fill out the item. Within five days, you’ll get that. If you’re looking to purchase refinance or finance, you need to get that done.

You don’t need those harassing phone calls. Trust me. I had my report pulled for a lending issue or item on approval. Everyone thought I was buying a place and I was getting all the phone calls. I saw everything that did occur. It is very important. If you want information about that opt-out, give us a call at (888) 543-3980 or email us at Radio@United4Loans.com. I’ll send back that attached item or item that you need to do so you can be on your way. I love to help you with the financing. If that’s not the case, you got a great start because you’re not going to get harassed by others if you get your credit report run but I want to do that very carefully. I like you to do soft pulls and then a hard pull when you’re ready. I can walk you through that as well.

It’s all about you, your privacy, and your time. You get these phone calls still coming in and I do as well. You try to block them and then they come in from another location. Your information is not being sold here. It’s stopping here with us at United Mortgage Corporation of America. We’re here to protect your identity and your credit. We have secure ways to upload documentation and pick that up as well. Our secure email could be utilized as well. We go to outside sources as well that are secure. We are about your security throughout the loan process.

I like things done so I move very quickly. I look to make sure we are moving through the process and then we’re looking to secure the right rate at the right time for your particular situation. Pick up the phone. Give us a call at (888) 543-3980. We’re going to be having the next segment from Allen Lissauer from Financial Sanity Now. He’s going to be talking to you about shaping up your credit and making sure you have the right items on your credit because you might have things that you didn’t even know were there that are not yours.

You need an expert who’s going to step in, handle these items, negotiate these wrong items off, and do it within 30 to 60 days. We’ll talk more about that. I’m looking forward to hearing from Allen and his interview as well. You can send your information or your request to Radio@United4Loans.com. In the past, we saw a lot of information come out on the economy as we were finishing 2022. We saw the economy grow in 2022.

Gross domestic product, a measure of economic growth, in the fourth quarter, expanded at a 2.9% annual rate, down slightly from the 3.2% rate in the third quarter. Seeing the economy grow in the back half of 2022 after negative growth in the first half of 2022 is good news but this positive reading elevates the chance of a soft landing by the Fed where the hike of the rates slows inflation but does not slip into a recession. The jury’s out. Is it going to be hard soft or any recession? We will be seeing the next meeting coming from the Fed on February 1st, 2023. We’ll be looking at those results.

Chances are we’re looking at a 0.25%-point hike again. You’re going more. We’re still seeing things coming through from the successive three-quarter hikes then the half hike, and a quarter hike in our next meeting. Chances are the next meeting after that is on March 22nd, 2023 and we’re looking at another quarter point. It is two successive quarter points. If you’re looking at the Fed’s analysis, they’re thinking in a total of three quarters. Do we get another hike? Do we get another one coming? May 3rd, 2023 is another quarter hike.

I mentioned these timelines because the Fed meets every six weeks. In certain circumstances, they can do something in between but we’re not quite in that mode of urgency. I see that quarter fall by another quarter. The jury’s out for May 2023 but it may be a hold for the rest of the year. If the economy is doing well and we orchestrate the soft landing, there are thoughts that the Fed could ease rates later in 2023. That’s hopeful. What happens is, on the mortgage side, we’re seeing mortgage rates already going down because long-term rates are looking to be lower.

Although this is still occurring, it’s affecting items on the consumer side or your home equity line. I mean you got the prime rate that went from 7.5% and based on what I’m saying, it’s going to go to 7.3% quarters and then it’s going to go up to 8% and possibly even higher. We’re looking at that as a possibility. Your home equity line of credit is going to have a 9% or 8% in front of it. The difference is, on your home equity line of credit, it is simple interest. When you have a home mortgage, it’s amortized interest.

We’re not going to go through a whole lesson here and I’m not looking to get you a degree in Finance but needless to say, if you have simple interest, its level payments equal towards that. You have a level of interest that you pay. It’s not spiked higher to go down later. On amortized, you pay more towards interest. If you look at your mortgage statement, how much is going towards interest and how much is going towards principle? Where you started your loan, that’s going to make a difference. Initially, it could be up to 80% of that payment going towards interest.

If you look at the latter part of your loan, 28 years into your 30-year loan, barely anything is going towards interest and the majority is towards principle. That is amortized interest. I like to show you how I can help eliminate a lot of that upfront interest for you and with you so you can save money and pay off your items sooner. The loan that I had refinanced on my new purchase from a few years ago would be slated to pay off in 2050. That loan is going to go from the remaining 28 years down to 9.4 years in its state.

That’s what I want to show you how to do. I want to help manage your items, put that together, and have you have a better understanding and a perfect financial GPS. That’s what I’m talking about. I’m talking about helping you achieve success without having to find that extra job or money. Sure, that helps but this is going to allow you to keep track of these items and, most efficiently, take care of them at the right time with the right place to spend your money. Give us a call at (888) 543-3980.

We had unemployment in line with historical items. Initial jobless claims for December 2022 came in at 186,000, the lowest reading in nine months. This is also good news. It tells us the length of the unemployment line. If the amount of people signing up for first-time employment benefits remains near historical lows, it further lowers the chance of a recession. I’m looking at a possible soft landing, moreover, highlights the strength of the labor market.

The Fed has been trying to target labor and he wants to see pain. That’s layoffs. You’re hearing a lot of publicity in the tech area about the layoffs of thousands of people here and there. That’s going to go through the system. We’ll see how that goes. We’re looking at new home construction costs coming down. I’m working with a few different developers and builders. They’re repricing their homes not because home prices are going down but because their lumber costs are going down and they’re getting new price quotes and inventory amounts.

They’re looking to reach these targets. They’re not keeping the higher rate on these homes that have not been built or sold yet and they’re coming to market. They’re going through those items because their costs have been going down. The Fed rate hike in the quarter coming on February 1st, 2023, and another quarter on March 22nd, 2023, potentially another on May 3rd, 2023 is still an outside chance.

Based on those first two, we’re going to be putting about 4.75% to 5% on that discount rate. In the 10 year Treasury, a different index, normally, lending is about 2% over that. Of late, it’s been closer to 3%. There are margins to go lower. As the 30-year fixed rate is somewhere in the mid-5s, we could be looking at the low 5s to the high 4s. For many of you, that could benefit you greatly based on your situation. I like to talk to you. I want to evaluate that. The worst thing I could say is I can help you and you’re doing a good job.

The best thing I can tell you is I’m saving your money, this is what I suggest, and this is what maybe we should do. You can send your mortgage statement to Statement@United4Loans.com. I’d be happy to take a look. Many of you are curious like, “What’s been going on with my home? My home went up a lot. I’m being told that went down a lot.” Over a year, you are even to the positive in most cases. Yes, some of the increases have come back down but, in some areas, they’re still looking pretty good. I could run a report at Report@United4Loans.com. 

Send me a request with an address and I will send you back a ten-page report, showing the activity in your neighborhood and the price of your home, past, present, and future so you can get an understanding. If you’re considering listing a property, you can get more information that way and your realtor also could provide you with fantastic professional help. I was looking at a report that I have. It’s the 164 things realtors need to do to do many things. I don’t list or sell. I lend. I have a California broker’s license and have been licensed for many years but I will stay in my lane.

I refer professional realtors who are in the business on a daily basis, making sure they’re protecting you and your interests. If you don’t have that professional, you’re looking to list or sell, and you want a referral, I can help. (888) 543-3980. The bottom line is the economy is showing some mixed signals but the labor market remains strong and we are nearing the end of the Fed rate hikes. The plan is to land the US economy softly and avoid a deep recession. That would be good news for housing and the economy.

As we are running to that end, we are seeing mortgage rates getting better. I had been talking about that. I’ve been mentioning at the end of the first quarter going into summer 2023. We’re going to see that. From the beginning to mid-May 2023, we’re going to be seeing some of the inflationary items coming off the books from 2022. It is 0.6% from April. That will be announced in May. In June, another 0.6% and then 0.7%. We’re going to be losing 1.9% of our inflation numbers from 2022 as we head towards the summer of 2023. With that said, we’re going to see mortgage rates improve. I want you to be there to catch that.

Waiting to buy your home, you can always change your rate. It’s getting into a home less expensive so you could be in a position after your sixth payment to then get a new loan. We then could look to save money. We’re not looking to go do your loan twice and make extra money. I’m looking to discount the best I can to make it worth your while so you can save money. The part that I don’t like is when people don’t save money and they wait and then they pay more for something. Let’s talk. Let’s find out your unique situation and what’s best for you. We had a consumer who was waiting for a home from summer for summer.

He’s moving forward looking at various opportunities. Inventory still isn’t fantastic but there are some motivated sellers and you can get some interesting transactions done. We’re getting sellers who are paying money towards closing costs and buying down interest rates. From a lender’s point of view, I’m tossing in various discounts that I can do from the industry. If I’m tossing in extra benefits and getting you an extra eight or a quarter below market, I’m doing that as well. I want to make sure you, as a first-time home buyer or a repeat buyer moving up or moving down, that you’re having success.

We’ve been jumping in and helping individuals who have been in transactions, spending way too much money, and not getting the attention they deserve. We have individual items and individuals in our business who don’t have a lot of business going on so they’re trying to make more with you. That’s not right. I like to make sure you get on track and get the right loan for you and your family, whether you’re putting 0% down on a VA, 3.5% down on an FHA, using grants to go down to 0%, or you’re using a 3% down, 5%, or higher.

It does not take 20% down to buy a home. That’s a major misnomer. I like to show you how you can afford to buy with less money down. You are paying rent. You are making a mortgage payment. It’s just not your own. It’s your landlords’. Your landlord loves you. You don’t need that kind of love in your life. We’re coming up on Valentine’s Day. Your landlord is not your Valentine. You need to make it stop.

If you own a home, you have too much debt, your debt structure is higher, you take all your items, and your average rate is way too high, I like to show you how we can improve that situation. Maybe it’s a 1, 2, or 3 steps. It took a bit to get you into this and may take you a couple of steps to get you out. Maybe it’s easier going out than it was going in or less stressful. Let me show you how to do that. I like to help eliminate needless interest from your bottom line.

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The Best Rate

I’m excited to be here helping you save money when it comes to financing one of the largest items you have, your home. We are making sure you’re getting the right rate and program, and also handling it correctly once you have it. Just because you get a 30-year loan or even a 40-year loan with interest-only possibilities doesn’t mean you have to have it throughout the duration. The goal is to borrow the money at the best rate and cost for you, which is budgeting, and then make sure that you can eliminate it as fast as possible, also budgeting.

I like to talk to you more about a financial GPS program that’s going to allow you to improve your scores and get your debt ratio better to allow you to qualify for the things that you want to do in a time frame that makes sense. Let’s talk at Radio@United4Loans.com or (888) 543-3980. With that said, our guest is Financial Sanity Now, Allen Lissauer. He’s going to talk to you more about the things that maybe you need that additional professional help. Allen, what do you have for us?

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Financial Sanity

This is Charlotte Knight and I’m here with Allen Lissauer, our guest from Financial Sanity Now. Allen is the President of Financial Sanity Now. He has been in the financial consulting industry for a couple of years. He’s been helping people get out of debt through various networks and methods. Allen, welcome.

Thank you. It’s good to be here.

We spoke about helping people get out of debt, whether it’s credit card debt, loans, or student loan debt. In this episode, I want to touch upon mortgages and trying to get mortgages. I have a friend, for example, who’s trying to get a mortgage but she cannot because she has bad credit. She feels helpless and hopeless. What could you do to help her?

Let me explain a few things about credit. We can help people who have bad credit. The use of the word bad is very broad. Bad credit is based on a number of things. It could be your address or work history is wrong. It could be certainly in the report and they’re incorrect. It’s important for us to see your credit report. When we look at it, normally, we can raise it between 50 and 60 points over 60 days.

That could even be higher. We will also recommend how to budget her money and pay her bills so that there is more recording of the good things that she’s doing. It is possible. Here’s the best way to do it. Call us at (310) 384-4352. We will pull a credit report alongside you. We’ll talk to you about it and then we’ll work with all credit agencies to boost your score. This is a free consultation. I would recommend giving us a call.

How long does that process take once they can see that credit score go up?

You’ll see a little bit in 30 days and a lot in 60 days.

That’s great to know that that’s even a possibility. I didn’t know that and I think a lot of people out there don’t know that either.

When 60 Minutes did a credit report, they found that 65% of all credit reports had big errors in them. Let’s correct that.

Beyond that, is there anything else you can do?

When you are getting a mortgage, your mortgage cannot exceed 45% of your growth. Let me explain what that means. If you’re earning $10,000, God bless you. Your total debt cannot exceed $4,500. If your mortgage payment, insurance, and taxes come to $3,500, you can’t have more than $1,000 of another debt. People have car payments. Does that count? It does.

People have unsecured debt like credit cards. Does that count? It does. If you exceed the 45%, you’re not going to get the mortgage. What we do is reduce the interest on the credit cards and stretch out the payments. Instead of $700 a month, you’ll pay around $300. That brings you to 45%. Improve the credit and bring down what’s called the debt-to-income ratio. I hope everyone knows that term. If you don’t, it’s okay. Give us a call and we’ll work with you.

What’s your telephone number again if they need to contact you?

It’s (310) 384-4352. It’s Financial Sanity Now. We are on the internet. You can reach us through that as well. Thank you so much.

Thank you, Allen. That was so informative. That was golden. Thanks, everybody. Until the next episode.

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Thank you so much, Charlotte and Allen. It is always great information. You always need to be aware of what’s going on with your credit. You need to take a look at that. You need to make sure you know what you can do to help improve. If you’re having those difficulties, you need a professional to step in and get the correct information so you have the right scores, the right qualifying, and get the job done. Sometimes, it’s not as easy the items that I can do and I call those professionals. It’s calling in the fire department when you got the arsonist that was causing damage. You have to have the right people and the professional network involved. Thank you so much again, Allen, for the great information.

Changes in the lending guidelines are coming down the pike again. They’re talking about rewarding you if you have under a 40% debt-to-income ratio. They’re talking about higher costs when you have more risk with a higher debt-to-income ratio. That means your obligations, principal, interest, taxes, insurance, car payments, monthly on your credit cards, student loans, and other items that show as a monthly obligation that you cannot stop. You owe them. That’s not your electric bill, not that you want to live in the dark and live by candles but you can stop that if you want to. These are items that are debt-to-income ratio items that go into your ratio to qualify.

That’s what’s so important about getting pre-approved, pre-qualified, and making sure you have the right information, even buying where you’re buying your property or where you have your property. Is your homeowner’s insurance going up? Are you in a fire-risk area? What’s going on with that? Are your premiums going higher? Is it going to cause mischief to your qualifying? We look at all aspects. I have professionals within a network that I can refer you to if you don’t have your own. You can compare and see whether it’s right for you.

It is like when we have Marisha Charbonnet on. We want to make sure your property, you, and your family are protected, whether you have a trust and those wishes fulfilled. If you don’t, you will have a plan. The state will take care of it for you. They’ll help. We want to make sure you are aware of what is happening with your real estate life and be the best that you can be and qualify for. Once that is done, we want to help eliminate the obligation as fast as possible so you can become potentially debt-free.

You do have your fixed expenses. You have water, power, gas, and electricity. If you haven’t looked at your gas bill, a lot changes. You have people that have $90 up to $215. You have people at $200 going up to $500. Beware of that. Start layering the clothes. Your laundry bill may go up a little bit perhaps but start layering and look at that cycle. Take a look at your gas bill coming. Let’s budget and see what we can do. I want to make sure we’re handling your debt and obligations effectively.

You can get a simple interest-bearing account at 3.7%. If you’re sitting here earning 0.1%, that’s the first mistake. Let’s talk. Radio@United4Loans.com, I’ll get back to you directly myself with that email. If you want to call, (888) 543-3980. If the team doesn’t answer live, I will make sure I call you back every single call. It will be touched by me. My weekend doesn’t stop until I reach every party back. I like to send you a few links to look at and get your opinion but I want to save you money.

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Interest rates have been going down the best level since September 2022. I want to help show you how you can save money potentially by consolidating debt and then eliminating that debt as soon as possible. If I can show you a way to eliminate your debt faster by taking it down 1/2 or 1/3 of the time, it should be of interest to you. Let me send you a text or an email with a very easy-to-watch video so you have an understanding. Let me know what you think and then I want to get back to you, whether we have a sit-down or on the computer. We will talk and go over things.

I want to see what we can do and then run your actual numbers, junk in and junk out. I want the right stuff so we can show the results and show how much money we can save you by utilizing the process. You’ll have this item. I use it myself as I told you. I’m going to be debt-free when it comes to obligations and items over half as fast as I could have done previously. I want to show you how I do that and how you can do that. (888) 543-3980 or Radio@United4Loans.com.

I was looking at the schedule and there is a lot of economic news as well as the Federal Open Market Committee meeting going on. We could have those results soon. We got nothing. We have in January 2023 Chicago purchasing managers’ index, a quarter four employment cost index. Case-Schiller and FHFA housing price index is coming out. The consumer confidence index for January 2023 as well. We have mortgage banking applications. We’re going to see what’s going on when it comes to applying for loans. We watch that as the general trend of the economy and confidence.

We have January’s ADP private jobs in December construction spending coming out, January ISM Manufacturing, and December Jolt’s job openings. The FOMC policy statement is coming out. We then have the press conference and whatnot going on. We’ll see what’s being said but we are looking at that 25%. Prepare for the prime rate to go to 7.3% quarters. We have jobs coming out in quarter four, productivity, and unit labor costs. The next one is the big one, January employment.

We’re going to have that coming out with the ISM Services Index as well. We saw the 10 year Treasury rate increase by four basis points. We have the mortgage-backed securities up sixteen basis points. The Dow was up 6.03%. NASDAQ was up 4.82%. S&P was up 0.98%. That’s our summary of what happened in the past and the week that’s coming. We’re watching this very carefully because, for the loans we have in process, we’re making sure to get the best results.

I’m looking to also try to fortify those results with extra incentives and items that we’re looking to do as Owner, President, and CEO of United Mortgage Corporation of America. I’m looking to cut corners, cut costs, and run very tight, looking to pass that on to you. If you’re not getting that result elsewhere, you need to make a call and compare. I like to take a look at those loan estimates. Sometimes, it’s a closing disclosure. That’s a little later in the game. I want to see if you are getting the benefits of the market or if someone just passing you along.

It’s not OG, “I’ll redo the loan later.” How much should you spend now so you can go redo later? I want to make sure that we can look to close your loan if it’s a purchase on time. We can move very quickly. I can close a loan in ten days. We can get that done. I get your documentation, we get out disclosures, you sign them and get approved in one day, and we move forward. The goal is to lock a loan in the least number of days possible to not buy the money for lengthier times because it costs more money. That’s our goal.

Our goal is to move fast and keep our options open. We’re looking at inflation and keeping it modified but the 0.6% from April 2022 gets announced in May 2022 and that then gets removed. That was 0.6%. May of 2022 was 0.6% as well. That will then be removed. June, 0.7%, that will then be removed. When we hit that June-July 2022 timeline, we’re going to see roughly almost 2% off those numbers. As we hit July 2022, it was only 0.3% but as we get back to August-September 2022, it was 0.6% and 0.6% respectively.

We’re looking at a large amount if inflation is subdued at 0.1% or 0% as it has been a little bit. We’re going to see tremendous strides on that inflationary target. Also, with the Feds raising of the past, current, and maybe future, we’re going to see those kicking in. That’s where this whole soft or hard landing comes into play. What will we see when these items come off and statistics show otherwise? That is what the mortgage-backed securities and bond markets are showing. That’s why mortgage rates have been behaving the way they have. They did peak. We are closing loans with 5s, and in some cases, 4s as the front number.

We are doing 3-2, 1-2, and 1-0 buy-downs and we’re seeing loans that still have a 2 or 3 as the front number for the first year going up 1% each year until they hit that five number and then stay. We have individuals who are doing these items on purchases, saving money initially as they’re in the home. What we’re looking to do is move sideways as market and interest rates allow. The buy-down that they did does not go bye-bye. That is theirs. The remaining funds of the buy-down, depending upon how many years they bought that loan down, will then be gone into their payoff or the demand. The payoff will then be lower. They don’t lose it. They get it.

That potentially can pay or go towards a refinance or even lower your obligation. Let’s talk and go over strategies that work for you. If it’s not due, then go back and look. Do that so you have a plan. I like to plan that for you and make sure you have a path to your financial success but it all starts with you. We need to evaluate where you are on your current path. What kind of loan do you have? Are you paying rent? Where are you on your credit report? We had an individual who had a 679 score, 1 point off of 680.

What we’re looking to do is gain that extra point. When we do, that individual is going to save $5,000 on the closing. We can translate that to a rate benefit or a cost benefit but that one point means that much to that loan. I want to get every single detail and every single dollar for you. That means starting our conversation early, making sure we preserve your score or increase your score, and making sure we move the allocation of obligations and debt accordingly to play the game to gain the best result.

I want to make sure that you pay off those results in the most efficient way manner and timeline you can have. It is your financial GPS. It doesn’t cost you any money to reach out and find out what we can do to help. We do not sell your information to anyone. The buck stops with me. You get a text from me. You get an email maybe from me, possibly a phone call from me. I want to know your preferred method. If you want to email, Radio@United4Loans.com. You can send out information. I will send you three links initially. I want to know your opinion. I can send you some additional items and then I’d like to have a talk with you and go over some items.

I can even send you a presentation that you can watch on your own rather than me working directly with you until the time that I need to. It’s all on your own at first. I want you to get acclimated, understand it, and then see in running your numbers how much money you can save. It doesn’t cost you anything to find out what you are not doing now. We’ve seen tremendous results. I’ve seen people’s debt in 28 years go down to 9.4%. I’ve seen people who’ve had 15 years of debt go down to 3.2%. They could be debt-free.

It does not replace the fact you have your property taxes, insurance bills, gas, and electricity. You still have those ongoing but if your money is not needed to pay other debts and obligations or items, that is going to be large for you. That’s what I’d like to show you. I want to help reduce your obligations in the most efficient way possible. Radio@United4Loans.com. That’s (888) 543-3980. You can go to YourRealEstateLife.com for our radio site. You can go to United4Loans.com and then you can get started. You can get a pre-approval. We can get going. You can download our phone app.

You could have that right there. You click and hit it. I will respond if you need a pre-approval letter. A pre-approval letter is different than a pre-qualification. I do need to verify and go over a few items to make sure we are pre-approved. The letter that your realtor has when presenting that offer is legitimate. We are a direct lender. We are a mortgage banker as well as a mortgage broker. We can do construction loans and commercial loans.

We can go forward and in reverse. A reverse mortgage is utilizing the equity you have in your home to help eliminate your mortgage payment, making it optional to make. It allows you to keep that money monthly so you can stay in your home. You still pay your taxes and insurance in any HOA. We can show you how you can benefit. If you’re 55 years of age and older, I’d like to talk to you about the merits of a reverse mortgage, and maybe right for you or someone you care about.

We’re doing non-qualified mortgages outside the box and the boundaries of Fannie Mae, Freddie Mac, and Ginnie Mae. These are bank statement loans asset and depletion loans, whether they’re 3 months, 6 months, 12 months, or 24 months of bank statements. We have loans that we can do, which are DSCR loans or Debt Service Coverage Ratio loans. We also have ITIN loans or taxpayer-identification loans when you do not have a Social Security number.

You’re in the state legally and you’re working. You file a tax return utilizing your ITIN number. We can do that with 24 months’ bank statements. We can also do it as little as 11% down on a fully qualified loan. I like to talk to you so you understand the usage of your credit and qualification for that process. We do need to see a 700 credit score for that low 11% down payment. We do need to see some numbers and know where you are. We’ve had some individuals saying, “I only want to put down this.” I’m sorry but we can only do what the program allows.

This is a unique program but we are closing loans under ITIN financing. Give us a call. We want to handle your needs, whether it’s California, Colorado, Montana, Texas, or the state of Washington. I can review any disclosures, whether they are in-state or out-of-state. I will give you some great insight. If I’m not licensed in the state in question, I’m giving you a consumer perspective.

If you’re looking for help in a state I’m not approved or not able to close under the DSCR program, the other 32 states, I can refer you perhaps to other professionals who I know do a good job in eliminating all that search. I can make sure that you’re getting taken care of properly. It’s all about education. It’s information, making sure you have that rather than trying to discover that. You do what you do best. This is what I do best. I’m in my decades of lending. I’ve been on the radio for a couple of years. This is what I do. I do a day-in and day-out.

I like to say I’ve seen most of all the items. You don’t need to see all that stuff. I don’t need to see all the stuff that you do in your industry. I just need to know you’re competent and you get the job done. That’s what you’re going to get here at United Mortgage Corporation of America at United4Loans.com. I want to be your ticket to success when it comes to your real estate life.

I was looking at some of the items that are going on in the economic news as we make some decisions as we go into Fed week and as we look at that extra quarter point. A lot of people feel that when the Fed went up, rates were going higher. It affected consumer rates, not mortgage rates. Usually, when the Fed goes higher, we’re looking at the mortgage rates going lower.

There might be a knee-jerk response if I hear there are some traders and some of the rookies out there but the bottom line is we’re seeing some better results. We do look for some prizes and information like, “All of a sudden, the Fed went to a half. It was worse than we expected. They didn’t do anything. Why didn’t they stay in the path?” Surprises aren’t good but when it’s going to be that quarter point, we are looking at not having a surprise. We’re looking perhaps at the next quarter. The one in question is that May 2022 item.

The market is thinking that perhaps the Fed may ease come near year-end. If that’s the case, mortgage rates could go down a little bit further because things are looking better towards that soft landing perhaps or there could be other issues going on. We’re watching all these things carefully. You should check your credit fairly regularly. You have the opportunity since the pandemic to check even weekly on some of the items but that’s way too often. You should be checking your credit.

If you want to know where to go, who to talk to about that and run that on your own, give us a call or email Radio@United4loans.com or call us at (888) 543-3980. We want to help determine your credit and borrowing costs. Debt-to-income ratio is important, and then gathering your paperwork. It’s getting the items that are needed to get the job done. If I ask for 10 items, I need all 10. If you give me 6, I need 4. If you give me 8, I need the other 2. If you give me the first pages of the bank statements, I need the back pages as well.

This is what we do and this is what we do best. I want to talk to you about your real estate life. The phone number is (888) 543-3980. You can call us at any time. Go to our website United4Loans.com. You can go to YourRealEstateLife.com as well, our radio site. On there, you’re going to see what’s going on in the marketplace on a daily basis when the market’s open.

You’ll see the behavior of mortgage-backed securities. You can get as involved as you like or just let us do our job and we’ll communicate with you, whether it’s via text, online, email, in-person, or by the telephone. We are here to give you those results. Call at (888) 543-3980. It’s been a pleasure being with you. Until next time. What kind of loan do you have?

Important Links

• United4Loans.com
• KVTA.com
• KEarth101.com
• Radio@United4Loans.com
• Financial Sanity Now
• Statement@United4Loans.com
• Report@United4Loans.com