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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Inflation rates continue to ease, but that doesn’t mean you should rest on your laurels. Michael Harris is here to remind you to never stop working on eliminating debt and saving more for your sake. In this episode, he talks about attacking the interest of volume, how to stay updated with daily economic news, and why you should be careful of scams. Michael also reiterates the many benefits of having a perfect financial GPS and getting rid of that unhealthy love you are receiving from your landlord.
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I appreciate you tuning in as maybe you’re driving to work, coming home from work, or who knows, you’re out and about and that’s great. Get down our number. You’re going to need it. (888) 543-3980. The reason why you need that number is you may have a mortgage or a loan. You’re not in the market to do anything else. I appreciate that. Rates were low and they’re a little higher than they were before.
This program also will show you how your current interest rate can effectively be halved or even more than halved. I can help eliminate that mortgage and other debts in 1/3 or 1/2 the time without changing your lifestyle. You’re saying, “That’s hogwash. What are you talking about? With smoke mirrors, what are you doing?” No. It’s utilizing the principles of money. I want to help show you. It’s not complicated. It’s using a perfect financial GPS program that’s been designed for your utilization.
I want to show you and give you a few different links that you can look at. Nothing that complicated. It’s not brain surgery here or rocket science. I want to show you this item for you to take a look at. Let me know your opinion and then let’s look to set up a time to discuss it further. That is easy. That’s it. No one’s going to hound you, beat you up, and go chase you. The buck stops with me. I want to make sure that you are gaining the best financial information possible. It’s about education and information. I’m utilizing this opportunity myself. I took 26 years of remaining down below 10 years. I’m saving a lot of money and I’m looking to share this with you.
It’s a perfect financial GPS for your finances. At any given moment in time, you can find the true cost and long-term impact of every financial decision you make. It’s going to adjust your life and change how you look at things because you’re going to have the best execution possible, the best timing, and make your payments on the right day, the right time, in the right amounts and allocations. It’s not like, “Should I pay for this one?” You’re in the game but is it the right game? If it’s the right game, are you hitting the target? Are you getting where you need to go?
With a perfect financial GPS, you can understand the long-term impact of every decision you make and adjust your life by doing the best execution possible. Click To TweetThere are a lot of moves when you play a game to win or be on top. I want to make sure you have all the right information and also the best coaches and people there with you. The best star athletes have a team of individuals to keep them in top shape and make sure that they’re moving forward. Whether they’re WNBA, NBA, or whatever sport they’re in, they have a whole stream of experts that are helping them. Those experts may not do what they do as far as being a star athlete but they can keep that star athlete in the best shape of their lives.
I want you in the best financial shape of your life and I want to give you a financial GPS program that’s going to get you there and not talk back to you but give you facts and information that you can follow. If you don’t, it’s going to show you what that means, what that adds, and what that doesn’t do going forward. You can make that decision.
You got your big boy pants and girl pants on. You make your own decision but it’s nice to know what those items are and what that direct path is. You’re using various tools and items to find the best path to get in the right direction. You’re not going to Hawaii by taking a flight to New York to go flip back over to Hawaii. You’re going more direct. I want to give you the direct path to being debt-free in 1/3 or 1/2 the time.
We are United Mortgage Corporation of America, United4Loans.com. We help people with their purchases and refinances but we responsibly show them how they can pay off that obligation faster and more responsibly. I want to help you. If I did not write your home loan, I’m fine with that. I want to help you pay that existing loan off sooner. It doesn’t matter what your rate is. If you rent, I can show you how and we can get you in a better position as well. You do not have to have home ownership to move forward.
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We’re here talking about your real estate life, your money, your finances, and what you’re doing to come out ahead. As CEO and President of United Mortgage Corporation of America, we lend in five states. The five states we lend to are California, Colorado, Montana, Texas, and the state of Washington. I can help people in about 30-some-odd other states when it comes to what is called DSCR loans or Debt Service Coverage Ratio loans. These loans are for those who are buying as an investor and looking for rental income offsetting the current principal and interest payment. We can get those accomplished.
We’ve been doing those also for first-time investors and buyers so it can get done. If you want to stretch that direction, maybe you’re self-employed, you don’t show adequate taxable income necessary to qualify for the property, and it isn’t necessarily paying for itself, we can go that way or the other way where the property takes care of it for you. Let’s talk. As an investor or first-time investor looking to get started and create more doors, that’s fine. We’re doing cross-collateralization, some industrial, commercial, and construction. We’ve covered the full gamut as different needs have changed.
We have an increased amount of home equity lines of credit that the banks or the institutions were not looking to do based on the equity position that was there. Some of the individuals don’t have as much equity. We could go over 80%, 85%, 90%, and up to 95% combined loan-to-value. Not to all of a sudden drain the equity line but to have it available is a good thing. We’ve had a growing amount of 55 and over seniors who also have equity in their homes. They utilize that equity to create a line of credit through a reverse mortgage.
Taking out a good share, maybe upfront, eliminating the current mortgage, and having no payment required but still having a payment option on a reverse. You still pay taxes, insurance, and any HOA that’s due and upkeep the property. We’re creating an ability to eliminate and then have the security of access. The difference between a reverse mortgage and a home equity line of credit is we saw this back in ’08 when some of these home equity lines of credit based on market conditions were closed down in the sense that they couldn’t access more money because people were worried about the value on homes.
A home equity line of credit can be shut down and then you owe what you owe. Your line of credit is also up and down maybe for about ten years before it’s interest only and then it goes to a fully amortized loan, unless you renew or get a new one at that time. Whereas a reverse mortgage is a line of credit. That’s yours. It doesn’t go anywhere and it’s there for the life of your life. You own the home.
It is a primary and something that you need to be there in the home so that’s going to be required to be refinanced up to twelve months after an unfortunate event or if you’re looking to sell, then that needs to get paid. If you’re moving out, it needs to get resolved or handled on that twelve-month cycle. There are some items there. We can go into detail, whether you’re looking for a home equity line of credit, a home equity loan, or a reverse mortgage depending on your qualifications of age and equity position.
To qualify for a reverse mortgage, I need a few different things. Property address, how much is owed, your date of birth, and then I can run value to the property and run what’s possible. We could look at various options. We had the Fed that increased that to 25%. We’re keeping an eye on things there. We’re seeing if that’s the last move and then we’re pausing or we are going to see an additional move coming in the June 14th, 2023 meeting. We see the prime at about 8.25% percent. We’re looking at usually equity lines, maybe prime plus 1 or prime plus 2.
They’re charging for fees. A lot of these banks are not doing them at no cost. Some are still there with it but some aren’t. It also depends on what you’re doing with that institution. Are they making this lost leader of keeping your relationship and another item on the spectrum of your accounts? Are they looking at what other items you have with them that they’re making money from? It depends on where you are and what you’re doing with your banking. We can go over that as well.
I’ve referred many people back to the local credit union or institution because it was the best move possible. I’m about what’s the best results. It’s always not, “What can I do to write a loan?” No. If I give you the right information and advice, you’re going to come back to utilize our services at United Mortgage Corporation of America or refer others. That to me is more valuable. I’ve been doing this for many years. I’ve done multiple generations of families. Two of them are fourth generation and multiple three generations.
We’ve been doing a lot of referrals but also through the radio program, we get people started in the process. Sometimes it’s correcting things that have been done. Other times, it’s additionally moving forward in the process. The moving forward has led us to what we’ve been doing with a perfect financial GPS program and having people eliminate their debt as fast and responsibly as possible. It’s attacking early interest. There are so many ideas, numbers, and things that go into this. I’d love to give you an education.
Doing that on the radio is very difficult to go through it completely. That’s where I’d be looking at a possible webinar or online with you on an online meeting, and then eventually obtaining your numbers to input them to show the results that this opportunity can do for you, a perfect financial GPS program. We’ve had renters of eliminating student loan debt, car payment debt, and credit card debt. Credit debts are the highest it’s ever been.
During the pandemic on the first stimulus, we saw debt go down, and then on the second stimulus, we saw not debt go down but continued to go up. We’re sitting at the highest debt levels again. Even though we have low-interest rates on many people with mortgages, if you look at what’s going on in the credit card debt, I’ve seen people with 20% and even 30% on credit cards depending upon where they are on the credit profile. We’ve been able to knock those down and take care of them efficiently. That’s my goal, to evaluate where you are.
It’s a different direction for where things have been over my years as I’ve written purchase loans and refinancing, whether it’s residential or commercial, whether it’s government, conventional financing, non-QM, or reverse. We’re looking at the overall picture. It’s not just getting you into a property. It’s making sure you’re responsible on the property, comfortable, and able to sleep at night. What is not allowing you to sleep at night? What debt? What item? What numbers? Is it income? Is it the debt? What is it? I want to help identify that.
When getting a property, you must make sure you will be comfortable and able to sleep soundly at night. Click To TweetThrough this opportunity, it’s going to allow you to get a whole of this item. There’s nothing to hide from and turn your head the other way. Let’s attack it and make it go away. We’ve seen people improve credit scores as a result, lower obligations much faster, start saving money and apply it towards other items. We’ve seen some that have been able to put together items towards life, health, disability, and things that they’re not able to or weren’t able to do before. We’ve seen insurance professionals utilize this perfect financial GPS program to help fund items that they couldn’t have the monthly funding to do, which helps the family unit achieve and move forward.
We’ve seen realtors get started in this opportunity and be able to bring this to their clients, creating more doors, more opportunities for investment, and expanding through real estate. I’m working with several real estate agents and realtors in this market and other markets throughout the United States. It’s not about their client at that point that is of interest to me. It’s them being able to bring it to their clients to increase their business and performance.
In the future, I’m probably going to have more professional webinars where we have realtors, lenders, insurance professionals, or attorneys. In some cases, I’ve been able to talk to divorce attorneys and also people in the mediation space. A lot of times in the divorce space, the biggest item is finances. It’s getting a whole of those finances and understanding them. I’ll tell you a unique item that’s occurring and let the cat out of the bag. When you have a divorce going on, they’re negotiating about, “I get this debt. You get this debt. I take this. You take that.” They’re trying to do that 50/50 or whatever percentage it is.
If I have a tool that’s going to show how to take a 30-year debt down to 9 years, that person who takes the 30-year debt is 11 years better than what the other side had thought. This is a very valuable tool in the toolbox of negotiating settlements and debt, let alone keeping marriages level because one spouse generally, male-female, male-male, or female-female, whatever the case may be, handles the debt better and obligations.
If you had a perfect financial GPS program, it had it all laid out, all your ins and outs, and all the items where it’s memorialized. Your account numbers aren’t there. No one’s going to attack it. No one knows anything. It’s just a sophisticated accounting system that has no name attached to it. It’s all password-protected, all coded, and all fun stuff.
The bottom line is you can pick up and run because you can log in. It’ll tell you day-to-day what you’re doing and what you need to transfer into. It’s your perfect item. Maybe you can spend fifteen minutes a month. On my end, I have that open each and every day. In the morning, I go in like, “There’s nothing to do today. That’s great. I got this bill that came in the mail. That’s right there scheduled. It’s going out. Great.” I take a look at it and do a check and balance system.
The money is not coming out of that opportunity. It’s letting you know when and what to do. You could still set up automatic payments, ACH, and whatever it is for your accounts and do them online. You could execute them on that day and all that. You know they got paid. You see it coming out of your account. You could also link up your accounts where that amount of balance automatically lowers as you execute that transaction.
It’s that perfect financial GPS keeping track of everything. Maybe at the end of the month, you take a look at it as you get a bank statement in and you take a look and see if the balance matches or something else. Maybe you did something and you didn’t record it. You have a miscellaneous at the end of the month that you can enter as an action item.
All of these items will be shown to you and it becomes very easy to manage and handle. You’ll have customer service, support, and training. I’m a certified trainer for the program as well so you have me. I’m looking to make sure I am there as a resource and then you’re going to probably get better than me at it. You’re going to have a lot of fun. You’re going to want to tell somebody about it as well because of the amount of money you’re saving. It’s fantastic, it truly is.
You’re not changing your lifestyle. You’re just becoming a little smarter when it comes to some of the areas of money and finance. You’re working with numbers better. You’re keeping them there on your desk but not having to live in them because it’s being resolved for you. You’re not trying to dive into this math problem that you keep pushing off to the left or right and hope it goes away. When it doesn’t, you don’t know.
I got something that came across my desk and I went, “What?” Evidently, my wife went and got lab tests or whatever it was, X-rays. Years ago, I got a thing saying, “There’s $20-some-odd that’s owed. You got to be kidding.” Rather than me dealing with the people who are probably mean in the letter, I logged into the account and punched in the account number. I took care of it directly and made the item go away.
For $20-some-odd, they evidently had my address but no one’s ever made contact, sent anything, or did anything after that. It’s how hard and how much you have to be on top of everything that if I can help alleviate some of the headache and stress, get you in the right spot for the right time, and do a lot less to get a lot more done, that’s what this is about.
This is usually the time when I’m able to get many more appointments in for this region. As we open it up, we get a large amount in Southern California involved. My hours get compromised but I want to make sure I’m available for all. As that’s the case, we’re going to be looking to start Tuesday webinars at 6:00 PM where we’re able to get a larger bulk number of individuals coming to a meeting and getting some general information. This way, we get more to send out stuff so we can have separate appointments. I’m trying to reach more individuals.
As we’re doing the off-program primary to Saturday on KVTA 1590, I want to make sure you’re taken care of personally. Go to Radio@United4Loans.com by email and send me your request for information. Let’s try to get something on the calendar where we can have that debt meeting and understand where you are in your life, whether you’re getting started, in the middle, or still trying to get those kids up and going trying to provide for them, or maybe they’re out and God forbid, they’re coming back. I want to know where you are in that process so we can prepare whether you’re eliminating debt or creating more wealth, and where you are in the process.
I had a 75-year-old woman who was going to be debt-free at 103. I got her down to 81 in change. 81 is still high but she was 75. We’re able to alleviate some stress in her life to where she feels more comfortable. The question I asked her was if she is self-employed. “Are you going to be working as hard at 102 as you do now?” It’s a delicate situation but there are solutions. I had a younger individual who had car payments and credit card debt. They were always doing what it was. It’s like the old adage of those of us who remember. If you have checks in your checkbook, you must still have money in your account. No, that’s not the case.
Otherwise, you buy $1,000 checks at a time and then say, “I’m always good.” No. We’re showing principles of money to them that they’re able to instill and go forward. They’re creating wealth. They’re doing various items of infinite banking and utilizing good health with insurance to become their own bank. That is the generation where we want to show how you can rely on yourself for your financing and lending, and you are paying yourself rather than someone else. It can be done.
If you have checks in your checkbook and money in your account, it doesn’t necessarily mean you are in a good financial state. Click To TweetWe just can’t switch the switch so there is a transition of paying off debt in your current obligations and doing what needs to be done. As you’re younger and getting started, we have had tremendous results. We’ve had our audience refer us to their adult children. We’ve had adult children of our current clients and past clients come to us. We’ve set them up through this program.
We have one individual in their 20s who already owns 3 properties utilizing these principles and showing how they’re eliminating their debt with single-digit years on all of their mortgages. It can be done. Let me show you please and send you some information. Call me at (888) 543-3980. Go to YourRealEstateLife.com or you can email me directly at Michael@United4Loans.com.
We’re only halfway through the program at this point. We got another half to go. We’re going to talk more about debt and creating wealth. We’ll talk more about lending. Where are we heading? Where are interest rates going? Where do you think they’re going? I’d love to hear from you. Is your loan below 4% and you’re not going anywhere? Do you have equity in your home? Maybe you should have a line of credit behind it just in case.
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We’re getting out information to individuals on links so you can gain some more information regarding the opportunity that we’ve been discussing like eliminating your debt responsibly and attacking early interest so we can then attack the principle and reduce the number of years that you owe on your obligations. It’s not changing your contract or making it go away. It’s not adversely affecting your credit. All it’s doing is improving your credit, taking your debt down much sooner without needing extra money or a gig job.
I want to show you how we can do that effectively for you. I want to get appointments set up with you so I can talk to you individually. Get on my Calendly and appointment schedule, whether it’s a 30-minute initial or 1-hour consultation. Understand whether you’re renting or you own, or whether your goals are to manage your current debt and help lower that debt and eliminate that debt or create additional wealth by controlling the debt. Not necessarily paying off the debt because you’re trying to create more wealth. It’s leveraging it properly.
Whether you have many 26, 30, or 50 properties and you’re trying to figure out what to do and how to do it, this program could be an asset to your team that is helping you manage that direction. If you’re a local realtor or you have someone out of state, I can work with people there too on this opportunity where you can show your buyers a more responsible way to pay off obligations and debt and take the interest rate in the 5s, 6s, or even 7s in some cases, and show them how that effectively could be halved because of the way this is being set up and handled for you.
You don’t have to say, “Rates are high. We’re at 6% and 7%.” No, the interest rate is there but we want to attack the interest volume. The interest volume is what you’re paying. If you’re upset about 5% and 6%, you should be upset about 60%, 70%, and 80%. If you look at that mortgage statement, how much interest is going towards each and every single payment? I want to attack the early interest to lower that interest volume. We need to attack that volume by eliminating that debt sooner. We’re not fighting the wrong battle. You’re looking at the wrong front. I want to fight the correct front to get the right result and have ultimate victory. Let me help you understand so you can do that with your clientele or also for yourself.
We had a realtor who felt that they were doing everything fine and that this would be great for their clients. I appreciate that. It’s a very easy opportunity to get started to go out to your clientele. The more they looked at it, they said, “Let’s run my numbers.” We ran the numbers and ended up saving $162,000. I couldn’t control the individual fast enough to get that accomplished, get started, get them in, talk with corporates, get the setup done, and get it all correctly. They’re utilizing the process during May 2023. The month of June 2023 will be the first full month so we can make sure to catch anything and everything they weren’t thinking of on a monthly obligation.
You don’t have to itemize everything but I like looking at the water bill, gas bill, and electric bill. I have it all in there so it pops up on the screen and I’m able to execute as those are being done. It will allow me to run reports and do those items if I want to chart those items. Know your gas, electric, and water usage. Watch it move up and down as we have during different seasons. Know what that means and where you can plan for things. Understand your debt-free date. Know what continues regardless of you being debt-free because you have those obligations that are monthly of services. I want to make sure those services are under control.
When I first signed up for the opportunity, I watched everything the best I could but as soon as I did, I was seeing the cable bill. Everyone says, “Cut the cable. Do this and that.” I was able to make one phone call and I lowered it by $100 a month. They’re like, “Your program or your thing ran out.” Between the money that I started saving just because I was more aware of certain things became good. It’s like these things you see on TV already where you say, “You have subscriptions that you can get rid of, this and that.”
It makes you more aware of certain items so it gives you a better education and vision. You’re working less to gain more. That’s the whole purpose. That more is six figures. I’ve been seeing six-figure results and savings for individuals who have their numbers run. You may say, “No, it’s not possible. I only have a mortgage and a car. It’s not going to do anything for me.” It will. It doesn’t take much. The more debt you have, the more results it’s going to show. Just a mortgage and a car, you’re still going to gain tremendous results.
Send me an email at Radio@United4Loans.com. I’ll send you back a couple of links directly to you. I’d love to have your number and name attached to that so I can keep track of that for you to make sure we can then follow up to make sure that we get that information to you in a timely fashion. I want to know what you think about it. If I send you the links, I need you to watch them. It’s not important that you ask for them. I need you to watch them.
I like to see that you watch the links. Let me know your thoughts. Whether it’s for you or not, let me know. I can take you out of the system and you’re not there anymore. That’s fine. I can send out information to you over a one-year span or when you’re ready but why aren’t you ready to save money? It’s not asking a lot from you but this is going to make a big difference. When you went to school, they didn’t show you. You just had to figure it out, “I got a bill so I got to pay it. I need something, I got to go get financed.”
There are ways to handle things on both sides of the ledger but many have never shown you. Professionals don’t either. They’re not shown. They go get the job, get trained, and do what they do but they’re doing it from their side. They don’t own the company or have an insurance company. They’re not the guy on top and doing all the stuff. They’re not seeing all those dividends. They’re getting a salary or commission. I like to show you behind the curtain.
Go back to the Wizard of Oz, the guy behind the curtain. He’s operating the handles and the things. I’d like to show you how to get all that done. Let’s do it together. It brings me back down to my sixth grade. We did the Wizard of Oz and I was the Wizard of Oz. I still remember all those lines, “The Great Oz has spoken.” What we’re trying to do is help you move forward with your real estate life and also your finances, effectively moving through the process in a perfect environment.
When you drive in your car, you have an app, a GPS program, or a system and you’re trying to find the best way to get somewhere. Some of us are still bullheaded. We sit here and go, “How do we get to your place? If I go here, I make a left and then a right. Let me write that down.” Some of us are still doing that. I got it. Some of us are pulling the map out of the glove compartment and opening it up. It clouds the whole window and then you’re in trouble. You could put in your destination where you are and it’s going to give you the best mapping and time estimate.
A lot of you are like, “It says it’ll take me 22 minutes. I can get there in eighteen.” It then becomes a game but you have to keep your eyes on the road and make sure you’re doing what’s right. The bottom line is it’s going to get you to the best path. We’ve seen individuals who had different timelines improve their timelines because they’re aware of what they’re doing and how they’re doing it. When you get extra income or an extra item comes up, it could be applied appropriately based on that account movement or change.
Many individuals improve their timelines just by knowing how they are doing financially. Click To TweetIt’s going to always give you the best results or timing. If you want to add a vacation or buy a car, you could do the what-ifs scenarios to allow you to understand, “It took me from 7.2 to 7.8 years even though I just bought a 5-year or a 6-year automobile.” It effectively will maneuver and handle the debt in the right way. Lending is what I do and where I earn a living. I’ve been doing that for many years.
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Part of what I do is watch the economy, what’s going on, what drops in the morning, and what comes up during the day so we can have the best execution on your real estate life when it comes to lending. We have many purchases that are moving through the process. We have some refinance that are targeted because they’re looking to consolidate debt to then eliminate interest sooner or do additions to the property, maybe build an ADU, and then we’re trying to attack that to lower the obligation from 30 years to a much lower term.
On Monday, we have the Empire State Manufacturing Survey coming out. On Tuesday, US retail sales minus autos as well. We have industrial production capacity utilization. We have home-builder confidence. A lot of things are coming out. I look at what the previous was, and what’s anticipated, and connect based upon market and move and where the files are to make these decisions.
On Wednesday, we have housing starts. On Thursday, the Philadelphia Fed Manufacturing Index and initial jobless claims, continuing claims, existing home sales, and US leading economic indicators. There’s nothing on Friday. On Saturday, my daughter’s graduating college so I have a busy day going on. She should be starting her Master’s program. She’ll be doing that as well. It’ll be an exciting day for us and our family.
I’m looking at the economic news daily. As I do, we make these decisions. A decision for one may not be the decision for the other but if I can save you hundreds or thousands of dollars because of a market move and change as we’re ready to close, that is why I want to gather your right documentation upfront. If you’re a full qualifying loan, not going with bank statements only, whether it’s 1, 3, 6, 12, or 24 months bank statements based on tax returns not showing the right income, we are looking for two years’ returns, the 1040s, not state.
If it’s a corporation, I’d like to get 1120s, partnership returns, 1065s, and what is called K-1s. If you have a pension, Social Security, disability, or awards letter, I want to get what was given to you at the end of a year so we can see what the award is. We then show that coming in through the bank account on your bank statement. I need the account that shows that.
When I asked for bank statements, I needed pages not only 1, 3, 5, and 7 but also 2, 4, and 6. I need all the pages of a bank statement. Generally, I’m looking for two months’ bank statements. I want one month of pay stubs. If you’re W-2 and you get pay stubs, I’d like that. If you get overtime or a bonus, I need to show there’s a history of that.
Sometimes the breakdown may or may not be available so I may want to ask you for the previous year, end of the year pay stub which will break that down. Your HR or maybe if they have the employment number type stuff are not going to break that down. I want to utilize the most income possible to get you qualified if it’s needed.
Two years of W-2 would be perfect. If you own property, I would want to get a mortgage statement. I need to understand if there’s a homeowner’s association or a monthly stub or bill there. If you have taxes and insurance impounded, we will see that on the mortgage statement. I also need a copy of the declaration of insurance. All of this information I can ask you for your pre-approval. This information is very much needed.
We will get into, “How’s your credit?” I don’t lead with credit as far as running it but I want to talk to you about it. If you say, “I got this and that. I got a car. I did that,” that’s going to add to what is your debt-to-income ratio. Lending on the higher side of the debt-to-income ratio has additional costs than if you are on the lower side. We want to get a better idea and control of how that works and what we can do for you to gain a higher score or change the characterization of your current debt. We want to get you qualified and take a look at what type of debt you have and what we can do to get you ready.
Lending on the higher side of the debt-to-income ratio has additional costs than if you are on the lower side. You want to get a better idea and take control to change the characterization of your current debt. Click To TweetWe have a loan and it took me six months to get it in a perfect position. They were not in a rush but they were in escrow looking to buy. Even though rates went up, they’re saving a fortune because they’re also utilizing the perfect GPS program and we got them at a lower rate. You’re marrying a home, dating a rate, and we’re looking to divorce the debt. All three steps.
Rates will be moving down a little bit. It will be in the high 5s, mid-5s, and possibly a little bit lower 5s by the end of 2023. That’s what I’m seeing. If I take some of these loans that are in the 6s or 7s and get them down to the 5s, and then we can see where we are, we can long-term plan. We’re going to knock down that debt so fast that our effective rate is going to be much lower. Our interest volume is going to go down. I like to show you how that works. It’s the inverse of compound interest.
Some of you understand that if you have $1 and you add it up, it’s better than getting an amount of money later on. It adds up a lot faster and compounds. I can show you that principle as well. I want to help you accumulate wealth, have more financial security, and eliminate as much as possible stress. It’s not just, “Let’s get a ten-year mortgage. How do I pay for this? I qualified.” You qualify now but tomorrow and the next day or next year not. You want to make sure the stress isn’t going to add up and you’re going to be able to live through the timeline that you signed up for.
I’m going to show you how you can gain the loan that you get with a 30-year or a 20-year, whatever it is. We’re going to accelerate that payoff so soon that maybe you do a 10-6 arm because I’m going to show you that we’re going to be debt-free in 8 years. Let’s do the magic together. If you have a loan, I’d love to talk to you about helping you with that current loan, not refinancing but lowering that obligation much sooner.
If you don’t have a home, I can help you with your existing debt to get you in a much better position. If you’re trying to increase scores, great. If you have high scores and a lot of stuff going on like rental units and doors, I can help you with that process as well. Whether you’re in the beginning, middle, or end, I want to make sure you have the right idea of what we can do.
We talked about lending and ITIN loans, taxpayer identification loans. In the past, we could do those without a social. We have the equity lines I mentioned. We have commercial construction and cross-collateralization. We do have the Fannie Mae and Freddie Mac loans. Interest rates will be starting to move down. Fed’s decision is still on the table for June 2023 as we get more economic news but there might be a pause that we’ll see.
I’m not sure we’ll see an ease from the Fed in 2023. Some are thinking it could be but it’s maybe into a little bit 2024. The fact that the Fed is nearing or complete with its moves higher is allowing mortgage rates to move down. When we look at that 10-year and the spread between the 10-year and the current mortgage rate, we should be already at 5.5. My opinion is that’s going to allow us to get a little bit better but the inverted yield curve is causing some troubles between the 2s and the 10s. I’m getting technical with you but that’s okay because it shows that I follow and do what I do. I’m going to be there for you.
I’m not relying on you to do all that extra work. I want to give you the information so you can make the right decision for you and your family. Know that you’ve got someone on board who cares. I spend your money the way I spend mine sparingly. I want value for my money and so should you. Your lender loves you. You just don’t need that kind of love in your life. You need to make it stop. I want to put that money back in your pocket. You work hard each and every day for it. I want to give it back to you and make sure you keep it. I want to make sure you have the right setup for you and your family.
When you buy a property, you’re going to gain probably some additional tax benefits. I want to make sure you’re taking home the right paycheck and numbers, and you’re knowing the right result. That’s talking to your tax professional as well. It’s having the right team to gain the right results but it starts with you. (888) 543-3980.
There’s a lot of stuff going on too. I want you to be careful about scams and new fraud scams. There are various things about unsolicited email texts and things with attachments. Don’t open them unless you know who the other side is. You don’t send a merchant information until you confirm who they are. You have to watch it. If you’ve got caller ID and someone’s not being identified, be careful about that. There are so many things that you have to keep an eye on. Never feel pressured.
This program is about information and I’ve been doing it for several years. I have been in the business on the mortgage side for many years. I’m giving you information so you can make a decision. It’s not like, “Click here, do this, and sign up here.” It’s getting information so you can make a decision if it’s right for you and your family.
I don’t want you in doubt. This is not a cold call. This is an informational opportunity for you to take a look at some items, whether it’s lending or debt-to-wealth, and let’s talk more about it. I don’t want to get your information unless you’re looking to get started. That’s where we start. We’ll start in a warm scenario where we’ll send out information. If you’re interested, we’ll talk more.
The first time we talk, I’m not looking to do anything other than get to know who you are, what your priorities are, and what you’re looking to do. We’ll see if this is right for you or not. I may tell you it’s not right and that’s the end of our conversation. I don’t want to be that abrupt but I want to make sure if it is, it is. If it’s not, it’s not. We’ll make that decision together or sometimes I’ll make it, let you know why, and then we move on. I appreciate the time that we had spent but it needs to be right.
I don’t do something unless there’s a tangible benefit for you. It doesn’t make any sense. I’ve had a client saying, “Let’s go.” There was no reason to do it. Don’t do it to humor me. I’m here to help you. It wasn’t doing that until one client, I didn’t see any benefit but there were things that they were looking to do in the future. A navigation device like the GPS program would be great. The what-if scenarios for down the line are they’re looking to gain, access, and do additional items in debt or they are in their process. It would do that responsibly. It wasn’t necessarily fixing something now but it was providing guidance for them in the future. We can look at those as well.
These are the things that I want to discuss with you. I want to make sure you’re on the lookout. Times have changed. Things are different. I’m in the finance space. I want to make sure you have the best tools and information possible so you can navigate through, whether you’re a consumer or a professional utilizing it for your clients and being able to help navigate and create that wealth for them. Call right at (888) 543-3980. It’s a free phone call. If you don’t make that call, it’s going to cost you thousands of dollars. It’s going to save you thousands of dollars when you make that call. I could pretty much guarantee you that.
Let me show you how. Let me run your numbers and let’s make a difference together. The schedule does get pretty clouded on my calendar. I can try to maneuver and set up separate appointments but let me know your time of availability and I’ll look to make that happen. We’ll look to give you the time that it deserves and getting some information from you to allow it to be ready would be appropriate. I don’t want to hand you off to others. That’s not the way I do business. I want to make sure your needs are in the forefront.
As we gain additional individuals moving forward as we have through the radio program, I’m looking to set up an additional webinar space and then take it to individual meetings so we can get the education process and understanding, and then take it to individuals. We can answer questions through that medium as well but I’d like to get you perhaps one-on-one and not even go through that webinar process if time allows.
Your time is valuable. I want to make sure I care for that time, we’re on time, and we handle the items in that timeframe that we set up. I want to make sure I respect that. If I can’t, then we’re not the right match because I didn’t live up to my side. That also means when we set appointments, I’d love to hear and make sure you’re coming because when I set that time aside, it’s not fair to someone else who didn’t get that time. That to me is very important.
It’s a pet peeve of mine that if I set aside 30 minutes or 1 hour for somebody and then they don’t show, that was 30 minutes or 1 hour that I didn’t give to somebody else and I’m trying to fit into a prime-time spot. It’s very important. As your debt’s important in eliminating that debt, time on both sides is very important and neither of us has time for games. I’m here not to play any games and we’re going to get the job done together. If that sounds like something that you want to have with your finances, I welcome you to give us a call. (888) 543-3980.
A lot of people are saying lending isn’t going on. It is. It’s just not as plentiful as it was, even in 2022, let alone ’21 and ’20. It’s refinancing for a reason. It’s purchasing but the inventory is still quite low. Many realtors will tell you that but if it’s priced right, it’s going quick. If you’re still thinking that it’s going up to kingdom come, then you’re going to sit on the market a little longer. I’ve seen homes move from the 70-some-odd days on the market to back under 60. It is moving down a bit. Some 40 and 30 in some markets. Some go right away but that brings down that average. We’re finding properties moving. They’re down a little bit but from those highs that went up exponentially.
Depending on where you are in the region you’re in, where you got, and where you time things, you should be fine. If you’re looking to move and there’s a reason, whether it’s a divorce or what have you, we can look at those numbers and run those together. If you’re interested in a report on your property, you can send me an email at Report@United4Loans.com. I’ll get you a ten-page report on your property, the value past, present, and future of where it looks to be heading a couple of years out. It’ll show you everything going on in the neighborhood.
If you want me to review your current mortgage statement, you may have a low interest rate but maybe we can look at the equity position. Maybe you want to secure a line of credit behind it or something. We can evaluate what you have and that could also lead us in the direction of the debt-to-wealth side or eliminating debt. You could send your statement to Statement@United4Loans.com. I’ll get right on top of that but let me know what you’re looking to do. When you send that email, let me know. I want to see what I can do to help you with your real estate life. It’s been a tremendous day. I appreciate your time reading. Until next time. What kind of loan do you have?
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I talked about an inverted yield curve. What that means is you got a 2-year, a 5-year, and a 10-year, and they’re inverted. You’ve got short-term rates higher than long-term rates. That’s usually a sign of a recession so we’re still waiting for that declaration. When you see variable rate loans starting at the same or higher than that of a fixed rate, and you look at what is called an index and a margin, that’s where you look at that 30-year loan and then we incorporate the perfect GPS program to take that rate in half or better. We’ll talk more about that.
