Happy New Year!

• January 1, 2023
• realestatelife
• Podcast

As we prepare to say hello to the new year, Michael Harris discusses how to make it big in 2023. In this episode, he talks about the different methods of reducing your financial obligations by paying them sooner than expected. He also discusses the lowering of interest and mortgage rates, which leads to values to hold longer or even going up. Furthermore, Michael breaks down the many benefits of having a perfect financial GPS program.

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Listen to the podcast here

Happy New Year!

I like to ask you this question as I always do. What kind of loan do you have? You might have a good one. Congratulations. You may not even know if you have a good one. What are you paying? “I don’t know,” a lot of people say that. Maybe you have a 2, 3, or 4. Maybe it is good. Maybe it’s not. You could do better. I’d like to know. What do you have in your holdings as you get to the end of the year? I look at individual situations. I had an individual who had $160,000 in student loan debt. They had $50,000 in credit cards, but they had an interest rate of 3.875%. They had over $200,000 in other debt that was causing some havoc.

We talk about removing interest needlessly being paid, reducing obligations, and paying them off sooner, but we talk about different methods of doing so. The equity position in the home was pretty good. We have the ability to do a few things. A typical mortgage individual will say, “Let’s refinance. Let’s pay off this and do this and that and raise the rate from 3.875% to 5.5%.”

I’m not as quick to jump and get rid of that 3.875% yet. I want to wait for a little. I still feel rates were moving down. I don’t want to settle for that 5.5%. What do we do? When we do the loan, we’re going to be doing a cash-out refinance if we were doing it to pay off the debt. It’s a cash-out loan. Why not look at a home equity line of credit?

A home equity line of credit, some of you are going, “The Fed has been moving up. They moved up a half, and now they’re going to go up another quarter. The prime is at 7.5%. It’s going to be 7.75% and 8%. The line of credit is going to be 9%.” Nine percent simple interest. Is 9% better than the credit card rates you have on that $40,000 or $50,000, and your case would vary depending on the total you have? I’d rather have it on that than the credit card.

You look at that equity line, that simple interest, and it’s not weighed heavily on amortized interest. If I did the refinance, you may have paid 80% to 85% towards interest initially, and over the first five years, it would’ve been a large total, even at 5.5%. The actual rate would’ve been much, much higher initially because, especially as I’m not lowering his existing rate, I’m lowering the other obligations.

I’d like to take this in a couple of steps. Home equity line, remove the debt, get up to the plate, and get on base. Organize those items, get that better, and improve credit scores. Wait time, look for the lower rate, position oneself, and then go for the home run. Once you do that, we’re sitting here clean and clear, with good credit scores, but now we’re also going to attack interest that is owed all throughout the process.

Forming A Team

We got the team smacking away, and we’re pounding that interest all the way through and through. We have multiple attacks, but we have to have an outline that works and not jump to the wrong base. The first thing we’re going to do is get our team around us, the team that’s going to attack the interest that we have. We’re going to come up with our specialty players. We’re going to come up with that individual who’s going to pay off these high-interest rates and substitute it for a little bit lower one. The team still attacks, but now they’re not attacking as large of an item.

They’re going to come in, and we’re going to start attacking the amortized interest. They’re going to continue to attack. We’ll watch interest rates go down. You are going to put the icing on the cake, consolidate, refinance, lower the rate, and have them attack that one hive and position. We’re going to reduce that debt fast.

I want to talk to you at (888) 543-3980. You can email me at Radio@United4Loans.com. These are the things that I want to talk to you about as the year is coming to an end. I want to give you a treat as we are in the holiday season, and we’re finishing up the Hanukkah time. I want to talk to you. Pick up the phone and give us a call at (888) 543-3980.

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It was an exciting 2022. I’m looking for 2023 to be the same. It’s early to get started here. I know late in the year, early in the year. There is no time like the present. Sometimes, it’s getting out with the old and with the new. You have a moment. Maybe you’re home. You have some quiet time, and maybe not. The family’s there, and you’re on an outing, I understand. Let’s set some time together and understand what the goals are, so we can step forward and make a difference in your real estate life.

Many families have done that since summer. A lot of people have not been busy in the mortgage business, and they’ve been looking for business. We are helping families save money. We’ve been closing on purchase transactions as we have here during the holiday season and going into the new year. We’re getting the job done. We’re getting loans done on 321, 21, 1011 buy downs where we’re buying down rates for a period of time. This way, we can be in a position to capitalize and save more money down the line.

As the story goes in the first segment, we are helping people save money but making the right decision at the right time, not just doing it for the sake of doing it. We want to make sure it’s concluded correctly and put together right. We’ll talk to your financial experts, financial planners, and CPAs. We’ll go over those items with them. We work in conjunction with them in order to make sure you have the right decision, the best decision that’s possible for you and your family.

Reverse Mortgages

We’re talking to individuals about ITIN loans or taxpayer-identification loans. We are getting those closed with as little as 11% down. It’s 89% loan to value. We can help. We have individuals who are doing reverse mortgages. The reverse mortgage market has been shaping up and changing a bit as we’ve gotten to the latter part of the year.

Some of the numbers have been getting a little tighter than the amount of money you’re entitled to based on your age and looking at the actuarial tables. We’re running those numbers for all individuals who want to know, 55 years of age and older. I’m looking for your date of birth, the property address, and how much you owe. We can run those numbers and see what we can do.

We can utilize a reverse mortgage as a purchase loan. We have individuals who are selling and have equity based on the computation. They put a certain amount down to be at a certain loan to value. They don’t have, as a reverse mortgage does not have, a loan payment required. You are required to pay the taxes and insurance. You’re able to pay your HOA. You need to do that if you have one. That needs to be handled.

Some individuals have also been able to transfer their current tax base, which has been phenomenal. It doesn’t have to be for a reverse mortgage. It could be for any mortgage. You want to check and see if your tax base where you are is lower, and if you’re eligible, you can transfer your tax base. It could save you lots of money.

We had a couple of transactions that had crossed our desk. I brought that up back with the escrow title and the realtor. Some of them were looking at me, going, “What?” They looked at it. All of a sudden, the borrowers were saving so much money, and they were tickled pick. It would’ve come up, but it was nice to know because we are looking at the qualification of the loan and what tax rate we’re using, the acquired or their transfer. I was looking at the sale of their property, what they have, what they were doing, and how. We were able to utilize that existing tax base. You need to ask questions.

If it’s not for you, at least you asked. You need to ask your experts. You need experts on your team. You have your realtor, finance tax person, insurance individual, and mortgage individual. They all talk together. There are more professionals as you go through your transaction between the home inspector and your appraiser. In some cases, you need termite reports.

We did a home that ended up being vacant. It’s a multimillion-dollar home, vacant. It was an escrow to be bought. There needed to be a concession that was done. They had an infestation. The house had to be tented. All got resolved and handled, but that item needed to be resolved and handled. We’ve had situations where the appraiser goes out. There was no termite report needed, according to the contract.

The appraiser is noticing the roof and various items as to what’s going on. We had to get a roof cert and certify the roof that allows a useful life. In some cases, it doesn’t. There are needs to be roof repairs. There needs to be not to credit towards close and a holdback, but perhaps getting that done prior. That could be a holdup of a transaction.

We have to look at these items. For pre-homes that have been way since ‘78 and on, you have to look at peeling paint, not as much now as it was in the past, but you have to look at these items. Permitted items, now with these accessory dwelling units, ADUs that are available, depending upon what area you live in and what’s allowed in second incomes. All these things are taken into account, and we have to look at what the possibilities are.

All of this comes into play when we qualify you for a loan. We’ll gather your documentation and gain the information to make as much as we can to get you where you want to go. Sometimes, we’ll qualify you for more than you want. I’m not looking to give you a credit card or a generic pre-approval. I want to write a pre-approval for the property that you’re looking to purchase and write an offer on. We have an understanding.

Let’s say you’re pre-approved. You’re pre-approved for $850,000. Rather than write a letter saying you’re pre-approved for $850,000, you may find a home for $850,000, and you’re putting down 20%, which is $170,000, and we’re sitting at $680,000. Why does someone need to know you’re approved for an $850,000 loan when you’re trying to get the best price for that transaction? I’d rather put the property address. You’ve been pre-approved for the purchases set above the property, and your credit has been run. I want to provide a letter that’s going to state enough.

Your realtor will let you know based on the competition, the property, and what’s going on. You have to show bank statements to show proof of funds. You need to show that, but maybe not show your account number. You don’t want to show for privacy issues. I understand. For a loan, I need those items. It’s not showing them. I’m crossing those off and sending them to me because I need the account numbers. We need the verification for our loan. It’s a fiduciary item. That’s not being shared. I’m never going to give bank statements to another without your written authorization. I’m going to advise you not to be shown to that outside party.

Sometimes, that’s necessary. You have competition. We went off earlier in 2022 with multiple offers, and you wrote an offer on another home. It was the same people who didn’t get the other home. They’re traveling around because you guys all like the same house. You have to put yourself together well and have a good loan package that’s pre-done.

We were closing loans in 1 week, 2 weeks, and 3 weeks, ten days minimum. We were getting the job done. People were closing, and we were able to speed up the process on the close. We had individuals who sold their homes. They were renting or renting back because they couldn’t find a new place. If they found a place, they were able to act quickly because we had it ready to go, but it was a different game.

Mortgage Rates

Some of those games are still there now, but we are here to help you as interest rates have started to move down. Mortgage rates have been moving down. They’ve been moving down as a result of where the Fed is going to help fight inflation. Their 2% target and it could be 3% or 4% in the future. Who knows where they’re going to go? It’s a 2% target. We’re seeing it coming down, but not as fast as they like. Those other three-quarter hits haven’t necessarily taken hold yet, and the half hit that happened. All those things will take a hit, and they’re trying to target employment.

I want to make sure that you’re secure with your jobs and all those items. I don’t want to put you into a bad situation where you get a loan or a home you can’t afford, and the job security isn’t there. We have those heart-to-heart discussions. I don’t want to be the job police, but we have to have those discussions because, all of a sudden, you get, “We got a loan. I lost my job.” Anything could happen, and I understand that, but we want to have a good understanding of that position, what you’re doing, and also about you gulping in a new obligation.

We have those discussions. We had a lot of those during COVID. We were able to get some loans done, and some industries were on hiatus. When they came back, we got the loans done and vice versa back and forth. It’s like the entertainment industry. That normally occurs. Some people are on a job, and they’re not. We go through that already with certain professions. It ended up being a lot more professions than it has in the past. We also had different individuals who have changed professions. We have to account for that.

During 2022, we also went through the whole thing about everyone’s forbearance, not making a payment, and getting back on schedule. They are showing that they’re able to make at least three payments to get back on par. We’ve had some individuals who were doing that. During the process, their loan was sold to another lender. That other lender or servicer wasn’t willing to pair and put the money on the back end of the loan. They called the loan not due, but they wanted all the balance at the end of the forbearance, and that wasn’t possible.

We had companies that had stepped in to help those individuals negotiate. That is a necessary item. Sometimes, it’s medical, lender-related, or it’s consumer debt, but that is necessary. One of our new sponsors with our program, Financial Sanity, works with that. We had a segment on items and some spots on those. As we head into 2023, we’ll have some additional items and directions going towards solutions for those who need those.

We want to work with individuals going through each and every part and balance of their real estate life, those who’ve had a hardship, but those who have been running successfully and maintaining that success and growing even further. With that said, we’ve been working with individuals to reduce their obligations by a half to a third of the time, reducing the monthly outlay and creating additional wealth. Some are freeing up money in order to move forward and buy additional real estate or invest as they wish. Some are creating additional nest eggs, affording college and other items for their family.

We’ve been able to sit with individuals, run online meetings, go over the items in depth, dive into their numbers, and show them the savings that can exist. This is where it starts. I don’t like going in on second base before I hit the plate. Let’s start at the beginning. I’m looking for your information so I can send you three links and an item to hear from one of our past episodes.

When you get that email or text, you can click on those items that are safe. They’re coming from me. You’re going to review a short video, items, and demonstration of what this is like. It’s a financial GPS system that can work well for you. We’ll go over all the details. There are no secrets. Going over on the radio doesn’t make great sense because as you’re driving, you’re going, “Who?”

The bottom line is we are looking to reduce the amount of interest you are paying on your contracted debt. That’s your credit cards, your student loans, your mortgage, or any other item that you have interest tied to. It’s not settling. It’s not paying what you owe, but it’s paying it sooner. It’s not like, “Let’s throw an extra $100 or $1,000 in.” No, this is not utilizing extra money. This is doing it in a way that’s in a perfect way of doing it that’s creating the ability to eliminate interest in terms of time.

My loan is scheduled about 135 months faster than it would be if I were making mortgage payments. It sounds interesting. You’d be interested if it were 24 months, let alone 48, 96, or 135. If you can eliminate that much interest from your loan, pay your obligation, and free up capital for wealth creation. Interest rates have been moving up on the consumer side. You can find a 4% interest rate on your savings. You can gain through other investment vehicles and rates of return. Even if you go to the local institutional or online bank, you can get that 4%. I have one of my accounts earning 4.7%.

If you can earn that rate of return, eliminate these other payments, and have that money work for you, you’re not only eliminating debt, but you’re creating wealth. Think of amortization and compound interest. You all had those lessons back in school. I know that’s a brain hemorrhage to some going, “Not money. Not numbers.” That’s why I’m here.

In compound interest, your money grows and compounds. Think of it the opposite. Think of that going and having your interest being eliminated as fast as compounding interest going that way. Let’s go the other way. Let me show you how little can turn into a lot. Call (888) 543-3980. You can email me at Radio@United4Loans.com.

Starting A New Year

As we wind down the year and start the new, not as many of you are stepping up. I got it, but why not? Take a moment. Let’s get your place. Let’s set an appointment. I want to talk to you and see you the first week of January 2023. I want to talk to you. We’ve had many meetings during the holidays here with individuals and families who were looking to make it stop, make the extra interest stop, get the right interest and payments for the right solution, get a plan, and put it in action for 2023. I want to talk to you. I want a moment so I can send you a text or an email. There’s no time obligation and no direct communication. We can do that, but it is not necessary.

I want to send you three links for you to review and an overview if you choose to, which is 7 minutes and 19 seconds. I’m not looking for a lot of time and obligation. You can view these on your own and let me know what you think. This past week, I had about six individuals. They let me know what they thought. What they thought was, “I want to set up a meeting.”

We’ve been able to set up these meetings. We sat down with each of them through a computer for a one-hour timeline, reviewed, answered questions, and provided answers and solutions. They’ve now provided their financial information. We’re inputting those items, and we’re having a follow-up meeting to show them how much money can be saved with their exact information.

It’s not an example of somebody else’s. It’s theirs. We’re going to talk, sit down, look to move forward and start the savings journey together. We’ve done that over and over again. No two people are alike, but this is something that you can do. Maneuver your mortgage rates effectively below 2% by eliminating backend interest. Call at (888) 543-3980.

We’re a mortgage banking company, United Mortgage Corporation of America. My goal is to help you with your next transaction when it comes to your real estate life. When you’re looking for financing, whether it’s 10, 15, 20, 25, 30, or even 40 years, or even an intermediate arm adjustable rate mortgage, FHA, and VA, we are here to help. We have a busy program still to come.

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If you’re driving somewhere, going on your way to somewhere, and maybe heading back from somewhere, I understand. You got a lot of things going on, but you dropped in for a moment. Let’s get the number down. If someone is in the car with you, hand the phone to the person next to you. Come on. I don’t want you hands free. Let’s go, come on, I wanted to get the number. It’s (888)LIFE-980 or (888) 543-3980.

If you write that number down, you can utilize it another day. That’s fine. Get the number down because I want to help you come and get things done in 2023. I want to make sure I can help you move forward with your real estate life and save money starting now. The earlier you call, the more I can do. I can get you an email and information. I can send you free links and past program links where I can show you a segment. It gives you an overview, but that overview is going to help save you money when it comes to all items tied to interest payments. I’m not removing and alleviating any of the contractual debt that you have, but I’m here to help you eliminate interest sooner and save money.

Client Story

There’s no obligation. I want to send you a text or an email and I’d like to know your opinion. We can then move on to talk further, or you could tell me it’s not for you, but not for you means you’re not saving a lot of money, that I’d like to show you at no charge and how much money you can save. It’s been phenomenal. I had an individual, and I’ve told this in the previous episode. She owes $85,000 in consumer debt with no mortgage. The debt was scheduled to be paid off in fifteen years based on her agreements, numbers, and where she has been paying.

Under this financial GPS system, it’s going to pay her off in three and a half years. She didn’t take another job. She’s not living on porks and beans. She’s doing everything she was doing before but doing it in a manner that’s financially savvy, and these decisions are being dictated to her with the input of her information, and she owns that system.

It’s an incredible opportunity and difficult to get everyone to do something that they haven’t done before. I want you to become the bank. I want you to do as the banks and the insurance companies have done, and you do that for yourself. Call (888) 543-3980. We are a loan company and mortgage banker. We close loans on warehouse lines. I help with purchases and refinances, residential or commercial. I help on conforming high balance jumbo, FHA, VA USDA. I can help with bridge loans and construction loans. We’re approved in five states. We’re approved in California, Colorado, Montana, Texas, and the State of Washington.

We can close DSCR loans and debt service coverage ratio loans. We can close in about 35 different states. As you have rental property, we can discuss that, and I can get the job done. We’re efficient. We spend your money the way we spend ours sparingly. We want value for our money, and so should you. You want to make the right decision.

If you’re working with an individual and you are not watching what’s going on in their interest rates, but all you heard is rates were going higher, and you’re accepting that rates are going down, and they’ve been going down on the mortgage side on the long-term side. I want to make sure you’re getting that savings passed to you, or you’re paying little to no points because if you’re not spending a lot of money upfront, you’re in the position to refinance as rates go further down in 2023.

If you’re getting money from the seller and are crediting towards closing, I want to talk to you about effectively using that so you can save money now and still have that money for you towards a refinance. If the rates do not come down, it’s there for you for those periods of time that money was utilized. Whether it’s a 321, three-year buy down, 3%, 2%, or 1% lower than the market, then it fixes out after that. Whether it’s a two-one, it’s two years of that or one year of that.

There are various variations that we can discuss. I want to go over what details you have and what you’re looking to do. We can make the right decision for you and your family. This is your decision, but you need the right information. We’re about education. The education is to put you back with your money as soon as and as fast as possible. The more money you have is what you can do with it rather than what obligations you have to pay it. Call (888) 543-3980.

Moving States

In our next segment, I was going to go over some statistical items and put them in front of me. We’re talking about different families moving from one state to the other. I got a whole interesting article. It named all the states and gave the top five states to which people in those states move. It’s interesting. It’s regional and different, but I’ll go over a few highlights of that when we come back.

It’s something where people are moving, but people are still coming to California. It’s the affordability aspect of what people are looking at. They’re still worried about the value of property, but the demand is high. Inventory is still low. Interest rates and mortgage rates, as they start coming down again, maybe not down to 2% and 3%, but we’re sparking activity again. Values are starting to hold longer or go up because more people are coming back out to purchase who then started to wait.

When we look at home prices going down, we’re not talking about falling down and getting hurt. At this moment, it looks like it’s a low single digit. It’s not even that. It’s still a fraction. Depending on your ZIP code or market, we run the analysis. From a lender’s point of view, we’re taking addresses, and we’re running those. We’re looking at values from past, present, and future. We’re not looking at the high end, but we’re looking at that median end now as far as that fair value. For a while, you had the low, the median, and the high, and it was always the high because it kept on going, and people were bidding them up.

If you are able to buy at a median number and not have to overbid, a higher rate is not a bad thing because that higher rate can go away. You’re marrying the home. You’re going to be dating the rate. You can change that. What I’m trying to accomplish here with you is I want you to divorce and get rid of this debt. I want you to figure this out and get that debt removed as soon as possible.

I may help you to gain the debt to get the home, but I’m also telling you the best way to maneuver and eliminate that debt as fast as possible, whether it’s lower rates or ways to eliminate interest. We’re going to get you coming in, going through, and on the back, and we’re going to make sure you’re efficient all the way through the process. It’s not like, “I didn’t know.” It’s like my son growing up. When you tell him something, he doesn’t listen. Eventually, it happens, and he goes, “I didn’t know.” “That’s what we’ve been telling you.”

I want that money to be yours. That’s why I am here talking to you at the end of the year and the beginning of the year. This is what I’m doing. I want to be sure you get the message that we are here to make a difference and save you money. You have things going on. I got it. You’re running here and there. It’s the end of the year, and you got all this stuff happening. That’s great.

Take a moment. Let’s get the number down. I’m going to give you a number and an email address. It’s (888) 543-3980. The email is Radio@United4Loans.com. Those of you who want to be cute, “Is that the for or the number four?” Either one will work. It’s Michael@United4Loans.com. I want to help you with your real estate life.

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End of the year and the beginning of the year. We are here to help you with your real estate life. I want to make sure you’re saving money. You have things going on. I understand it’s a busy time, but I’m still here. Work with me for a moment. If you have a chance, go ahead and text (888) 543-3980. Let me know. You want more information about saving interest and paying. That interest off sooner. I will send you three different links. Take a look at it. Let me know what you think, and you’re done for the day with me. That’s it. I’ll get those out to you. You’ll have those ready.

You can email me at Radio@United4Loans.com. That will come to me. I’ll get those out to you. I won’t rest until I get that information out to you. We’ll check in with each other. We’ll set up an appointment in January 2023, but I’m here to save you money. That’s it. We’re done. Goodbye. No, the bottom line is I have something to offer you without an obligation. You could find out what it is and what it can do for you. It won’t cost you anything, but not doing it is going to cost you thousands of dollars.

We had an individual who ended up saving based on numbers because we were paying off the loan early and based on the money that they didn’t have to pay, even taking a 1% growth rate on the money that they didn’t have to pay anymore because everything got paid off sooner than their existing contracts. We were saving them over $900,000. That’s not for everyone’s number, but that was crazy money.

We’re seeing $100,000 to $200,000 money saved on interest. What are you going to do with it if you put it away and earn more money on it if you paid it off early? Maybe you will buy more real estate, and you have rental income. You’re making more money, and you have appreciation. Who knows? There are many things you can do. Where are you in your real estate life?

We have individuals who are getting started. I talked to a couple. They’re getting married. He’s in his 30s. She was also in her 30s. They’re getting married. They were looking at this obligation with his dad and what was going on. They’re also looking at the future. What it is they’re looking to accomplish and do. What’s unique about this financial GPS system is you can enter in that vacation, or that potential car or purchase, and it will move your needle from, let’s say, “Everything is paid off in 12.2 months to now 12.6.” It’s going to show you what changes are done.

Let’s say you get a holiday bonus. You have overtime that’s going to be picked up in ‘23. You can enter these numbers in the systems, and it’s going to tell you what, where, when, and how to maximize the result. With $100 of discretionary income positive each and every month, you will see a tremendous difference. That’s all I ask. It’s slightly positive. With $100 in discretionary income at the end of every single month, you’re going to see years cut off the interest that you owe.

Let me send you these links so you can see them, and you can tell me what you think. At least, let’s get that far. You’ve been reading this blog for a number of years. I’ve been doing this for several years. I’ve been owning a mortgage banking company for a number of years. I have been in the industry for 36 years. For many years, I’ve been saving people money, doing the right thing, getting people into homes, refinancing homes, and helping them with their real estate life.

Your real estate life is what I’m focusing on now. One of those focuses, especially with the change in times and things that have been occurring, is staying and keeping what you own, but having enough control and having you take control of your finances. Many of you have not been shared or told how to handle money. You do what you do best.

Someone could tell me, “To have surgery, you go ahead, cut here, and do this.” I’m not cutting on myself. Neither is a doctor. He shouldn’t be. I may know what needs to be done, but it doesn’t mean I’m the best to do it. This is what I do, and I want to help show you so you understand. Not that you have to become an expert.

Financial Navigation GPS

The financial navigation GPS is going to do that, and you’re going to understand that it is doing that. You’re going to look at that, understand it, follow that, and save money. I need to show you how that is done. If you keep your finances, you write checks, and you pay online, you have a ledger, you look at your incoming, you’re outgoing, you’ve handled your bills, you pay a minimum, you want to focus on this bill, and you want to eliminate this one, this is for you. It’s going to simplify your life. It’s going to eliminate arguments. It’s going to plan things from the past, present, and future and do it in the most efficient way possible.

I have a group of individuals that I talk with on a regular basis. Many of them have eliminated their debt, but what they’ve done is they’ve now utilized this for their kids and family. They’ve gotten them involved in it to utilize it as a mantra for their legacy going forward. The family is in a much better position. They’re able to protect their family. Part of that protection is also extending out to estate planning the right insurance, getting everything else in the right position so you’re protected. It’s not when something happens you figure out what you can do. It’s too late.

I’ve had the experience of being involved in some items, and some of you reading have it as well, from fires to earthquakes to various other things that have occurred in your past, insurance-related items, vandalism, and various other things occurring in different neighborhoods and having the right protection is what made the difference.

I had a home in Northridge at the time during the Northridge earthquake back in 1994. Without that earthquake insurance, I would’ve been in a bad position. I would’ve been hampered for many years. I had an earthquake insurance. It worked for me, and it was able to allow me to go forward. I’ve had insurance for other items and some minor items. There’s nothing major. Some of you have had issues where you are living in fire areas.

Getting insurance now hasn’t been as easy. Some insurance companies have pulled out of different areas and regions. It’s important for you to check in with your insurance carrier. If your renewal is coming up, you want to make sure you have a renewal coming. You want to plan ahead. Take a moment to itemize and understand when your renewals are, whether it’s your homeowner’s insurance. If you own a home, do you have an estate plan? Do you have a healthcare directive? All these things are important to consult with a professional.

In our program, we have someone who joins us on a regular basis. She comes to our program. She’ll be back in the middle of January 2023. She has special segments. Those segments are important because people make decisions, and it’s too late. We’ve had individuals that have quick claim property to kids this and that. The tax ramifications are un unspeakable.

We’ve had items where people have done a trust, but they never funded their trust. That doesn’t work, either. We can close loans in a trust. It used to be you take it out of the trust. On the day it records, you put it back in. We could do that. We can fund loans in a trust. We can get the job done. We’re going to help navigate you through that process to answer your questions and provide solutions, but we need to hear from you. You may not need us now, but you may need us tomorrow. Our number is (888) 543-3980.

Over the years, we’ve done loans for multiple generations. We’ve done four generations of families. I got started right out of college. When I was in my 20s, I worked with people in their 50s, 60s, and 70s. Those people had kids who were then still older than me. They had kids that were close to about my age. My kids now are 21 and 23. They have kids. I’m helping the fourth generation.

It’s an amazing item where I’m touching each of those families and generations all the way through. I’ve been referred to other family members on offshoots of the tree, from cousins to uncles to aunts. I’ve done that. When I’m looking at that generational difference, the ones that are younger than my age, some of them didn’t know their great-grandparents, and that’s all additional based on the timelines. The fact that I touched finances on each of those.

Sometimes, it’s emotional when you think about it. It’s similar to an insurance agent who writes life insurance and never had the need to provide a policy payout to a spouse for an unfortunate event. It was fortunate enough that they had the policy. That’s what sometimes makes a difference in an insurance agent and the delivery and understanding that they have in doing the job that they do by providing solutions for families.

1994 Northridge Earthquake

When I had the earthquake back in 1994, I knew how thankful I was to have that earthquake policy. Some people, I’d say 70% of individuals, don’t have earthquake insurance, but there’ll be that reckoning a day. It will come. We’ll go through that, understand what it is, and have those discussions, and people will be looking.

I’ve had my representation from my CPA since the ‘90s. He’s been with me for a long time. Initially, I ran into his practice because I was helping CPAs at the time after the Northridge earthquake. I’m helping people with solutions and finance solutions that the banks were offering with low-interest rates. Back then, the SBA was offering what was called free lending at 3.625%. We did have that for quite some time, and now, rates are higher than that.

It’s finding solutions for individuals in need, but it’s also looking for those needs before they occur. I’m a problem solver. I look for problems so they’re not becoming one for everyone involved. My office knows. If there are no more problems, make sure I’m okay because I’m looking to solve items before everyone else has the items to be a problem. I’ll do that throughout the course of your real estate life, your transactions, and your family’s thoughts.

Right now, we have a debt problem. Many of you got comfortable with the debt. You get used to the debt, and it grows on you. I want to help alleviate that debt. It does not alleviate the debt so you can get into more debt. That’s not the idea. It’s coming up with a responsible way of handling and paying obligations to do that as fast as possible without changing your lifestyle.

If I can show you that, is it worth reviewing three links and a pass program of 7 minutes and 19 seconds? It should cost you a lot of money to review that, but I’m not charging you for that. Call (888) 543-3980. If you have plans to purchase, I want to talk to you about putting those plans into action. I want you to be the best you can be so you can buy money, the cheapest possible option for you.

If you’re self-employed, we can talk about bank statement assets, depletion, and other loans using bank statements and no tax returns. If you are W-2, I want to talk to you, look, and see if you have overtime, bonus, or other items that need to go into play. I’m looking to get you pre-approved. We’re working with a number of individuals who are buying new homes being built. Just because you’re buying a new home doesn’t mean you have to use the developer’s lender. In some cases, they’re not cheaper. They’re higher, even though they may be giving an incentive towards your upgrades, but it’s supplementing those upgrades because of what they’re giving to you.

Sometimes, the developer may give a subsidy based on price, and sometimes, I will advise that it’s a good item. Keep that going. Let’s see how that develops because that home isn’t going to be ready until possibly August 2023. We want to look at the timelines of what’s happening and what will be occurring as the market changes. I can do that and work with you going forward.

There are loans that I will say if a lender is already through the process, I will help encourage you to close with them but also do it at the right price because I don’t want to interfere or cause delay. As I’ve mentioned in our previous programs, I stepped in during Thanksgiving and closed a loan in two weeks. We got it done and closed it on time on December 5th, 2022.

It can be done. You need the right person who’s interested in your results rather than pushing you along and saying, “We need an extension.” No, you need someone who’s aggressive in taking care of your business and making sure they’re saving you money. That’s who you’ll get at United Mortgage Corporation of America, United4loans.com. I am here to make a difference in your real estate life.

Go to YourRealEstateLife.com, our show site. You’ll see all of our past programs there, almost several years of programs. I’m not asking you to binge-listen. Don’t do that. Call and have your own program, at (888) 543-3980. You can go to United4loans.com to get started. You can fill out an application. You can also upload documentation. We can get that loan started.

I don’t lead with running your credit. I’m not looking to do that. I’m looking to gather your information, get you pre-approved, talk to you about credit, and do that as the last item. It’s been an honor to be here in 2022, starting your 2023. We’re going to be here for you all during the year as you make decisions about your real estate life. Pick up the phone. Call us at (888) 543-3980. The website is YourRealEstateLife.com.

You could follow the markets as they are open. On January 2nd, 2023, the market was closed. It’s a national holiday. We’ll be doing that. We got some holidays as the year is ending. We have a little bit of the lesser traders on the market. We’ll be aware of that. I’m here to help and talk to you. It’s been a pleasure. We’ll talk all throughout 2023. Until then, what kind of loan do you have?

Important Links

• Radio@United4Loans.com
• Michael@United4Loans.com
• United4loans.com
• YourRealEstateLife.com