Fed Chair Is Back After Strong Jobs Report

• February 11, 2023
• realestate
• Podcast

Guiding you on the path to homeownership is Michael Harris. He shares what he can do to get you approved for loans and pay it off early while saving more. Joining Michael is Marisha Charbonnet from Family Security Law Group to share her take on planning effectively for you, your future, and your estate. Interest rates may not be your best option yesterday, but Michael has a solution for you today. Navigate your real estate life in the best way possible with Michael A. Harris today!

Michael A. Harris – Host

Phone: (888) LIFE-980

(888) 543-3980

Fax: 800-778-0663

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Listen to the podcast here

Fed Chair Is Back After Strong Jobs Report

I ask you, what kind of loan do you have? It’s the Big Game Weekend 2023. Are you the chief of your finances or has the eagle soared by? It’s not too late. Let’s get that eagle back. Let’s work on your finances. Let’s eliminate and interest and pay it off sooner. I can help you get one of the largest obligations you have, your home loan, but I want to make sure you pay that off responsibly and that you pay it off as fast as possible without changing your lifestyle.

Pick up the phone and give us a call. (888) 543-3980. It’s a free phone call but if you don’t make the call, it could cost you thousands of dollars. You can email me at Radio@United4Loans.com. I want to personally respond to every single person who emails or calls. If you reach the team, that’s great. I’m going to touch base with you and make sure your questions are answered, your needs are fulfilled, and we are moving forward with your real estate life. I want to make sure you have financial success.

We’ve been working with several individuals utilizing an FHA loan. An FHA loan is 3.5% down and, in some markets, we could even get a second behind it with 0% down. We have VA readers who have been moving forward, one buying a 2-unit property, another one buying a 4-unit property, 0% down. Depending upon the limits of their VA eligibility, there might be a 25% difference. Maybe $20,000 or $40,000 down on an $800,000 purchase. VA, we are doing those as well. We have some conventional lending too, 1 buy-down, 1-0 buy-down, and 3-2-1 buy-down.

What does that mean in English? We are buying down the first year by 1%. We can buy down the second year by 1% and the third year by another 1% so we can step up to a fixed rate. What does that do? It allows you to get into the property at a much lower rate than the market is now, averaging under 6%. We can then get you a much lower rate, get you comfortable, get you qualified, and have the seller potentially pay for that buy-down.

In some cases, we’re working with developers and builders. We have builders paying for the buydown. You can marry the home but date the rate and divorce the debt. We want to make sure you are getting the right advice and information so you can make a decision for yourself and your family. We have individuals consolidating higher debt and then taking advantage of our financial GPS program, which I can talk about more in this episode.

We have individuals who have 29.99% on a credit card. That’s not 12%. That’s 29%-plus. We have individuals who are making payments very high. Even if you’re protecting a low interest rate on a first mortgage, we want to take a look at the whole picture and find out how much you are sacrificing by not reviewing that present first mortgage. I’m not looking to refinance you. That’s not the goal. My goal is to be sure you are saving money.

(888) 543-3980. Go to YourRealEstateLife.com. Follow what’s going on in our program or go to United4Loans.com to get started. We have so many individuals who are stepping up, making sure they have the right debt structure, getting monies for home improvement because you’re staying in your property. You got a 2%, 3%, or 4% interest rate. Why are you moving to a 6% rate? Maybe you’re not. You’re staying in your home.

Maybe you’re looking at a Home Equity Line of Credit, a HELOC, or a Home Equity Loan, a HELOAN. Looking at those and staying in your property, paying simple interest on a home equity line, level interest versus amortized interest, we can go over those definitions as well. (888) 543-3980. We’re approved to lend in Colorado, California, Montana, Texas, and the State of Washington. I have 32 other states that I can lend in doing what is called DSCR loans, Debt Service Coverage Ratio loans for rental property. If you want more information about that, I am here to talk to you. You can email at Radio@United4Loans.com or pick up the phone at (888) 543-3980.

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I’m here to help you and guide you through the path of home ownership, making sure you have the right loan for your unique situation. We have individuals who are calling in, perhaps they’re having a life change. They’re going through a divorce. You have one spouse looking to keep the property and another property maybe they’re looking to sell. Maybe they’re looking to buy out the other by taking additional monies out of the equity and paying the other. It’s about getting pre-approved.

A pre-approval is gaining documentation. It’s getting all the items so we can get the loan approved, not just a conversation. I’m pretty good at that. If you tell me everything that’s going on, I can tell you how we fare. You may also think about your credit score. You’re getting scores from the bureaus, your credit cards, and various items but that’s your consumer score. We’re very careful to be sure that we understand what’s going on with your score, whether it’s good, bad, or indifferent.

We also want to make sure that we understand if you have a 660 score, it may be 630s on the mortgage side. We want to understand where we are to the parameters. I’ve had some individuals that we needed a 660 score to get a certain program. We were at 659 so I had to work to get that score increased by that one extra point. A lot of times, it’s not that difficult to do if you know the rules of engagement.

It has to do with percentages of the debt you owe to the card amount. We can get a rapid rescore and get these things accomplished but we need that understanding and cooperation to make it happen. It’s not closing accounts. That does not help because that lowers the amount of available credit you have and your numbers are going to get worse before they may get better.

We want to be very careful how we tread when we look at your credit. We want to be careful about that. I want you to be chief of your finances and make sure you understand what you can do. These things will occur and happen without even thinking because we have introduced to our program a financial GPS, the Money Max account.

This is an account or an item that you can go into. You enter all your information. No account numbers and no personal stuff like that. These are your figures of items and items you owe. You’re able to take care of this and the accounting will take care of itself. Maybe you spend 15 to 20 minutes a month on this because you have to make sure the information is updated and you get your monthly statements.

I do this myself. My loan, which has about 27 years remaining, is going to be paid off under 10 years. No change of lifestyle. It shows me day-to-day what I need to do, make this payment, make that payment transfer, move this here, and do that. It tells me exactly what I need to do. I’m pretty good at this stuff. I love numbers. You may not but I do. I put them in the middle of my desk. You may move off to the left or the right or off your desk altogether.

This program or opportunity is going to allow you to have that perfect financial GPS. When you’re driving, you put in directions. It says, “Go straight for such and such. Make a left at such and such.” God forbid you made a right or you missed the turn. It’ll say recalculate and show you a new route, the best route to get you back on track. This is what the financial GPS will do for you.

If you have an unexpected item, maybe you have a car-related issue, a repair, maybe God forbid you went to the dentist and all of a sudden, you need to replace a crown and your insurance is only recovering this amount so you have a bill. You can enter these items into the program, which then will allow and show you how to allocate accordingly to make it affordable.

Maybe your payoff instead of 9.8 years goes up to 10.1 years but it’s a lot better than the 27 years you were on. We have many examples and individuals that have moved forward. There’s over $8 billion under management and we’ve seen $2.5 billion in interest go away that was slated to be paid. I want to share this with you.

I can send you three items for you to review. A couple of minutes each, nothing long. I’m not going to keep you on it. If you look at those, let me know your thoughts. I’d like to send you a couple of examples and then I’d like to schedule a time with you on my calendar. I want to have a Zoom meeting or in-person screen meeting where I can go over this with you so you have an understanding to answer all your questions.

I would like to have you send me your financial information on a spreadsheet so I can input that also free of charge and show you how much money you can save utilizing this opportunity. No obligation, just results. Having results and saving money. We are increasing credit scores. We’re increasing people’s cashflow and numbers. We’re eliminating debt.

We have investors who are buying more doors for rent. They’re buying more property and paying off loans. We have people who are coming out of credit difficulty and renters who are being prepared to be buyers. You are making a mortgage payment. It’s not yours. It’s your landlord’s. I want to show you how you can gain tax benefits, eliminate debts sooner, and be more financially responsible. These are things that you were not taught before and no one’s shown you. This is what the bank and the insurance companies do for themselves.

I want you to become the bank. Let me show you how. Radio@United4Loans.com. You can send me there. Let me know if you want me to send you the financial GPS links and I will have those out to you. I will look to follow up or have you even follow up with me. I want to make sure you are on the path to financial success.

With that said, we look at the markets daily because we have several clients who are in the purchasing arena looking to refinance and trying to time what’s going on. In this market, it’s interesting, isn’t it? We’ve seen interest rates go back down though to levels where they were in September of 2022. You’re hearing all about rates going up and the Fed’s raising the rates. The Fed is raising another 25% on March 22nd, 2023 and then they’re talking about another 25% on May 3rd, 2023.

We’re near the end of the interest rate raising cycle when it comes to the Fed on the overnight lending rate and discount rate. That affects consumer rates. You’re seeing your consumer rates, your adjustable-rate loans, and various other things go higher and it’s eating at your funds. Those of you sitting with low fixed rates, you’re happy. Your home equity line though is prime at 7.75%. You’re possibly sitting at 8%, almost 9% on that home equity line. We’ll take a look at that. We’re looking at the average mortgage rates hitting below 6%.

We’ve been lower. We’re closing loans in the mid-5%. Depending upon your equity position and credit score, you have adjustments to your pricing and fees, and thus the rate is higher on average. I believe we will see mid-5%, possibly lower 5% to high 4% by the end of 2023. What makes me think this? If you go back to April, May, and June 2022, we had inflation numbers of 0.6%, 0.6%, and 0.7%. That added a lot to our inflationary cycle.

When we have the economic news come in May 2023, we’re going to drop off in April 2023. When we have it in March 2023, we’ll drop off the next and so on in three months. If you take 0.6%, 0.6%, and 0.7%, that’s 1.9%. If inflation is subdued and level, in some cases, it’s going down maybe a little bit, we will see that 1.5% to 2% or even higher was eliminated from our inflation. If we’re at 6.5%, we could be down to 4.5% or so.

All of a sudden, inflation’s going to be good. Consumer confidence is going to go up. What you may see is a lot of people coming back into the market to purchase still with low inventory. Home prices have pressure to not go down as far as many think. I was looking at some items and some of the outlooks for the housing price trends.

The largest one that they forecasted here in Money Magazine was about a 15 to 16% decrease. That was in Austin, Texas. That was the leading area where they saw a possible decline followed by San Francisco, San Diego, Phoenix, and Denver. It was going on to various other markets as I can go down the line. We’re looking at Los Angeles, which was roughly about 5%, 6%, and 7%.

If we see mortgage rates below 5.5% and affordability every 1%, we go down. When we were at 7%, we went down to 6%. It’s another $35,000 of qualification for a loan, give or take. As we go down further and go down from 6% to 5% or 5.25%, we’re going to get another $20,000 or $30,000. That’s $50,000 or $60,000 taken back in for qualification. That is the number. That’s the key to getting more people back involved.

We have a huge population of 28- to 34-year-olds looking to be first-time home buyers. I’m talking to you. I want to help you get pre-approved and understand budgeting and where you lie so you can have home ownership and be ready. If interest rates do go back a bit, come summer 2023, you will see a little bit of that competition again. I have a set of buyers who have missed on multiple properties. They were outbid. It’s happening. It’s there. I want to make sure you are ahead of that item altogether. Pick up the phone and give us a call. (888) 543-3980.

We have the CPI coming out on the 14th Empire State Manufacturing Index for January 2023, coming out on the 15th, retail sales for February 2023, and industrial production and capacity utilization. On the 16th, we have housing starts and building permits in the Philadelphia Fed Index and the PPI. We also have on the 17th trade price indices and leading indicators. We’re watching a lot of this stuff going on. It’s a very busy time.

Valentine’s Day 2023 on the 14th doesn’t enter into the economics. Maybe you’re buying some flowers and candy or going out to a restaurant. Maybe you’re circulating money around the economy. When it comes to mortgage rates, there’s not a lot of effect on my end but I am here to make sure we work in time what we are doing for your advantage.

I’ve advised some individuals to hold and wait because it wasn’t hurting them based on what they needed to do. Others, I’m telling them, “Let’s bite the bullet and do it. We can always redo that 8 months or 6 months from now, whatever the case may be. You need to solve your problem because festering and having that problem continue to blow does not make sense.”

I’m a no-nonsense guy. If it makes sense, we do it. I got to have a net tangible benefit but it’s all about solutions. I’m patient or I can run very quickly. We can close a loan in twelve days. We did it with weekends, holidays, and all that fun stuff happening. We can make it happen but I can move as fast as you allow me to move. It’s as fast as you get me your bank statements, tax returns, W-2s, and other pertinent documentation depending upon your real estate life and holdings.

You should have your W-2s and various other items, possibly looking at your profit and loss statement, if you haven’t filed your tax return for your corporation, depending on the percentage of ownership. Your rental properties, how many did you buy or sell during the year? Haven’t you filed a return yet? I need closing statements, rental agreements, and understandings depending on if it’s the property we are financing. There are so many things to talk about but I have solutions for you.

I want to be there for you. I want to be on your team and be your teammate. I want to make sure you finish on top. Only one team finishes on top. We’re going to find out who that is but every other team is already going to work. Do we need a new quarterback? Do we need a new star running back? Do we need someone to sure up this and that? What are we looking at in the draft? Everyone’s already talking. Spring training’s about to start with baseball. First of all, we have to figure out who’s on which team. Everyone switched teams and moved around. We have to figure out who is on your home team or your favorite team.

We got to figure out position-wise, did this one move from the outfield to the infield? Does this one move from second to third? Who’s on first? I don’t know, a third base. It sounds like a good sketch, for those of you who remember that. I want to make sure your finances are in order. Call at (888) 543-3980. You could email me to Radio@United4Loans.com.

I’m waiting for that May 2023 time to see that first set of 0.6% come off. I’m excited about seeing the 5s again on the mortgage rates but I would be excited when we cross 5.5%. We do have a loan closing at 5.37% based on a good equity position and a high credit score. Those loans can go even lower. We do have a large number of individuals who have closed who’ve had 6%. One even had a 7% as their front number.

I’m anxious and excited about lowering their interest rate and doing an FHA streamline depending on the equity position. We can do that without an appraisal. Also, a VA refinance where we’re able to lower that rate to a minimum of 0.5%. We’re looking at some of the conventional loans we have done with cash out, possibly becoming rate and term refinances, and timing the slide in the interest rate cycle to save more money.

Many of those cash-out refinances paying off large credit card obligations, debt, and high interest rates have placed them in a much better position. The minimum payments on those high-percentage credit cards are no longer there because they’re paid off. Taking those numbers and adding them all together, their present mortgage has a lower monthly payment. We’re able to show how they can accelerate by paying close to what they were paying before but maybe still saving some money and eliminating debts sooner.

I want to have a perfect blueprint for you. Is your idled money sitting in a 0.1% checking account? I’d like to show you how you can have it sitting maybe idled at 3.6%, 3.7%, or even higher. I want to show you how you can earn money and easily move and transfer as needed. I want to give you a blueprint for your financial plan and real estate life. I’ve been doing this for a lot of years. I’ve been in the radio and lending industry for many years. I want to give you some insight and guidance. I’ve lived through many of the items that have occurred.

Home is being upside down. I got started with rates in the double digits. I’ve seen the lows and the highs. I’ve seen the ground shake and what that has done to finances as well, living here in Southern California between fire season, riots, and earthquakes. I’ve lived all through our seasons. We’ve had various challenges here and I want to help navigate you through these and make sure you are in the best position possible. (888) 543-3980.

One of the more popular loans we’ve been talking about has been the reverse mortgages. As you have the equity position you have in your property, you’re able to utilize that to eliminate your current mortgage payment, an optional mortgage payment. What we’re able to do with early planning is we could take a look at what can be done for you by eliminating your mortgage payment with the equity you have and we can run the numbers. All I’m asking from you is your name. I’d love to know who you are. I want to know the property address to get value and how much you owe. I’m going to run the numbers for 55 years of age and older. We want to talk. (888) 543-3980.

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I’m happy to be here talking to you about your real estate life. We’re talking about saving money, what’s going on in the marketplace, where interest rates are heading, and even home rises, for that matter. We also want to talk about you, your future, and your estate. It’s so very important to plan effectively. We have Marisha Charbonnet joining us with Family Security Law Group. Marisha, what do you have for us?

Mike, thank you for having me on the show. Figuring out what to do with real estate can be a huge issue when it comes to estate planning. For most people, their home is their biggest asset. What are some of the major issues folks should think about when making a gift of real estate in a will or trust? First is deciding whether the real estate is being left to a specific individual or as part of the larger pot of assets that will be divided between multiple people.

If there is a specific gift of a home to a particular person, thoughts should be given to whether the will or trust will indicate that the property is passing to the beneficiary, subject to any debt, making the debt the beneficiary’s responsibility, or whether the debt is to be paid off by the trust and the beneficiary gets the property free and clear. You can imagine the fights and confusion when no provision is made addressing the debt.

If real estate is going to a beneficiary subject to the debt, does the beneficiary have the ability to pay off the debt? Can the beneficiary qualify for a loan? What if the beneficiary is a minor? This is where it is important for a beneficiary to contact an expert like you, Mike, to be able to walk through the available options, particularly since people often assume that a beneficiary can take over a loan, which is not how things work.

If real estate is being left to multiple people, you need to consider the likelihood that those people will want to be co-owners and retain the property. If not, can one afford to buy out the others? These can be tricky situations that require a skilled lender like you, Mike, to be able to guide people through their options. Blended families present another unique challenge when it comes to real estate. Often a home is owned by only one spouse who would like the home to go to their children but doesn’t want their surviving spouse to get kicked out if the spouse outlives the owner.

One option may be for the trust to give the surviving spouse a right to occupy the home, which means that the spouse gets to live in the home for some time, possibly their lifetime but upon their death or the end of the occupancy period, the home goes to the kids. With a right of occupancy, thought should be given to who is responsible for paying the taxes and expenses. Does the occupant pay those or does the owner’s trust pay them?

How long does the surviving spouse get to live in the home? What happens if the surviving spouse were to remarry or wants to downsize? The options and issues can feel endless when it comes to real estate but problems can easily arise when people treat it with a broad brush and don’t consider the practical outcome or the unique circumstances of their beneficiaries. For more information on estate planning for real estate and estate planning in general, I can be reached at (805) 496-4681 or FamilySecurityLawGroup.com.

Thank you so much, Marisha. It’s such great information about things that maybe you don’t think about, things that you don’t think about that can occur at a later time. It’s always nice to plan. I talk about planning all the time when it comes to your real estate life. When you’re thinking about purchasing, the time to get started is when you’re thinking, not doing.

I want to make sure your credit is in the right spot and your finances are in order. Bank accounts, looking at potential overdrafts if you have gift funds coming in, whether we’re tracking those or maybe they’re already a couple of months behind in the rearview mirror so we don’t have those coming up but we have others that are using bank statement programs, cashflow programs, 3, 6, maybe 12 or 24 months of bank statements. Everything is showing.

If we see large deposits, we have to understand where they came from. We have gift letters. Gift letters require the transfer of funds showing them coming in and where they came from and a bank statement from the donor and a gift letter so we would address and talk about that but it’s understanding how to set your transaction up accordingly for the best results.

We have loans that are getting pre-approved and we’re able to have offers written with very fast escrows as needed to obtain the property. You still have a home inspection and those items that you can put in but we’re able to come to the table and close very fast because you are approved subject to the property. We’ve had some properties and questions. We’ve had a realtor who had shared a property with me and I’m telling him that’s not getting typical financing.

We had a roof that had a hole in it. We had a floor that had another hole in it going down to the foundation. We had major issues and it wasn’t going to get done for health and safety reasons. It requires private financing with a plan because that private financier wants to understand how he’s getting his money back.

These are things that we can do. I can help with bridge loans depending upon whether your home hasn’t sold and you’re looking to purchase and the timing. We have that availability. We also have ITIN loans or taxpayer-identification loans. If you do not have a Social Security, you’re in the States legally working. We have had an ITIN filing for the last few years. We can do 24 months’ bank statements or tax returns. We can get the job done, some as little as 11% down. We’re getting that done for our readers moving forward. If you’re a realtor and you have a client with an ITIN, don’t shutter. We can look to get them pre-approved and handle their process very efficiently.

I talked about reverse mortgages. What we are doing is getting individuals for purchases or on their existing property. We’re allowing payments to be optional. In some cases, on an existing property, we’re paying off the lien and setting up a line of credit. I had this call from one of our past clients who had a question. She always had heard about home equity lines closing based on market conditions. She was worried about the market and a little bit of a ground shake but the bottom line is she was worried about the line of credit closing if she was taking monthly distribution.

On a Home Equity Line of Credit, HELOC, that can happen. It’s at the bank’s discretion. On a reverse mortgage, it is not. It is your loan. It will not close behind you. That is one of the benefits of having a reverse mortgage with a line of credit capability. She was looking to take a distribution monthly. She may have to buy a car in the future. She has the ability to tap or access those funds as needed.

I gave her a little bit of guidance. I also directed her to the customer service direction so she can make sure of the setup for these items but I am here as a resource. I’m going to give you the best information I have. If I’m over my skis, I’ll tell you and let you know the best place to go. That’s why I have experts like Marisha Charbonnet on the program. We have Mamma Rita Money. She comes on our program talking about money and educational items so you can make better decisions. That’s what we’re all about. It’s giving you the ammunition you need to come out on top.

I want to save you money. Interest rates may not allow you the best option that was but it’s the best option that is now. If it changes tomorrow, we’re going to be there to catch it and get you that benefit. It’s not spending money and then spending more money and spending more money. We have to see that there’s been a recovery and a period that makes sense for you. We’re not just here to go through the exercise. We are here to make sure you are finishing on top. Pick up the phone. Call me at (888) 543-3980.

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We’re talking lending and various programs to move you forward with your real estate life. We have investors who are using what is called a Debt Service Coverage Ratio loan or DSCR loan. We have rent that covers the mortgage payment, taxes, and insurance to a set percentage. We’re getting those loans done. We’re getting those loans closed.

We’re doing up to 8 units in 32 different markets and states. We can talk about your state and make sure it’s covered if you’re looking outside of our generally approved states, California, Colorado, Montana, Texas, and the State of Washington. I’m going out to Texas to handle some business. I’ll be taking care of that. I want to help you with your real estate life. (888) 543-3980.

Why we’re not at 3% anymore, which was about $4.22 per $1,000? Maybe we’re not as high as 7%, which was up at $6.66 per $1,000 but maybe we’re back down to about 6% on average, which is $6 per $1,000. I do feel we may see that 5% level soon at $5.37 per $1,000. For every $1,000 loan, that’s the time to get roughly your mortgage payment, principal, and interest.

We’ll run through those numbers for you, understand the affordability, and what makes sense. If you’re looking to buy a home and you are getting the home that you want in the neighborhood you want to be in, you can marry the home and divorce the debt. You can sit here, refinance that, and move forward.

I want to help you with the process. You can date that rate and decide to get a better rate later. Let’s say it that way. What I’m looking at is buying and getting the least amount of fees possible so we are in a position to take advantage of a new loan. I have a veteran who’s looking at an interest rate in the mid to higher 5% on his VA loan. We’re trying to do it with little to no points and costs.

If rates do go down a little bit, we’re going to refinance and lower his rate again with no cost and lower him another 0.5% or more. I want to try to maneuver where we are in the cycle to save you the most money possible without you throwing it out the door. Marry the home, date the rate, and divorce the debt. Let’s go and make it happen. (888) 543-3980.

We have loans that have no private mortgage insurance for over 80% loan-to-value. That is possible. You do not need 20% down to buy a home. I want to show you, if you are renting, why and what you can do to qualify. Let’s get you pre-approved. Email me at Radio@United4Loans.com. I want to go over your credit and understand your payment history, the amounts you owe, and the length of credit for any new credit. You’re looking at your credit mix.

I’m looking at those percentages so we can maximize your score. If you go to FreeCreditReport.com, you’ll be able to gain your credit profile, understand if there’s anything wrong there, and get an idea of your scores. I went on and pulled up my scores so I could compare. I’ve been manipulating a few different things with a line of credit and some other items. It’s caused not a disturbance of such but a little bit to allow me to then pay off things a little faster in other areas.

I was seeing what was going on so I was able to pull mine by myself. This is not a hit to your credit. It doesn’t show as an inquiry. I want to show you how you can do that. It’s not all about me running your credit. I don’t want to lead with credit. I want to understand your credit but I want to gain your documentation and understand what it is we are looking to accomplish. It takes you to participate. (888) 543-3980.

We talked about the Money Max financial GPS program. What we’re doing is putting in all your household items, credit cards, monthly bills, water bills, gas bills, electric bills, and all the bills. Everything that goes into your income is accounted for. We’re looking at what your discretionary monies are.  If you have about $100 a discretionary and a checking and savings account, I can save you interest and money.

I want to show you how. No obligation. Pick up the phone and give me a call. I’d like to send you three links so you can understand and look at them maybe a few minutes of your time. That’s it. Let me know what you think about it and then we can talk a little bit further. Radio@United4Loans.com. Take a moment and state, “I want more information regarding your financial GPS. Send me the links,” or just say, “Send me the links.” I have your email. I don’t have your phone number. If you want it by text, I can do it that way. I can send it by email if you like, whatever the case may be.

Let me know and I will have that waiting for you and then you can let me know your thoughts. I’m excited. I’m utilizing the opportunity and I’m seeing my debt gone eighteen years early. I’m not putting you on pork and beans. I’m not starving you or changing your lifestyle. You don’t have to refinance to do this. You don’t even have to own property to save. If you have many properties, I can show you how to accumulate more by utilizing this opportunity. (888) 543-3980.

It’s the Big Game Weekend 2023. You got a lot of people you might be watching the game with. Maybe you’re watching it by yourself and on your own and you enjoy that. That’s fantastic but take a moment to organize what it is you are doing and where you are going forward. I want to make sure your real estate life and finances are the way and where you want them to be. We still have this journey ahead.

We have a Fed who’s actively trying to get employment numbers down but as far as up. He’s not been successfully doing that. We’re watching what’s happening. Another 25% is coming probably in March 2023. Another 25% perhaps is coming on May 3rd, 2023. That one’s a little jury out. I didn’t expect that yet. The employment numbers came out. We’ll see if there’s going to be a change to those when we come out with the March 2023 numbers for February 2023. We’ll see if there’s been a recalculation to some of that. That will give me a better idea as we head into March 2023, coming for that March 22nd, 2023 meeting. The next one is six weeks later on May 3rd, 2023. We’ll get an idea.

The bond market, the mortgage-backed securities market, has been very well-behaved. We’ve been watching interest rates go down. There’s a blip every once in a while. Rates go up a little bit and down a little bit and back and forth every single day. That’s us catching that trend as you are in the process of closing. We want to make sure we catch the right trend.

Every Thursday, economic news comes out to where the interest rate average rate is. That’s not the rate the week that you’re in. When it comes out on Thursday, that’s not that Thursday. That was the week prior. You’re a week behind. When we are looking at the markets, you may get news about where they were a week ago and you don’t have that opportunity to take advantage of that. You just know what happened in the past.

If you want to know what’s happening, if you go to my website, YourRealEstateLife.com or United4Loans.com, there’s going to be a barometer on the website. It’s going to show you where interest rates are at any given time of day as the markets open. It’s going to also give you a summary of where the market was at the close that day, whether it was negative or positive. Positive means that the bond market’s doing better. If it’s negative, that means it’s doing a little bit worse.

It moves in increments of costs. If it’s off twelve basis points, that’s an eighth in fee, not rate. If it’s better by 35 basis points, that means we’re better by close to 0.375 in fee that given day. The market moves that fast. Occasionally, it will move a lot on any given day as we have the economic news that I mentioned. We watch these things carefully.

In some loans, it doesn’t matter as much but in other loans, it matters greatly. We look at FHA, VA, and conventional, Fannie and Freddie. We have government loans but we also have construction loans. We’re doing a lot of takeout construction. One-time close. We’re sitting here with rates of 7% or lower on the takeout. We’re looking at permanent financing at 8% better than the market when you have your certificate of completion.

We’re working with builders and individuals. I want to talk to you about your real estate life. We have investors who are buying DSCR utilizing the cashflow. We have first-time home buyers to renters doing that as well. We can talk more about that. My goal is to facilitate that process, understand what it takes to close, and have you finish on top. I want to educate as much as you want to know but I don’t want to leave anything not spoken about.

I don’t want you to be surprised at the end and I’m very careful. I can get the loan done but I want to make sure you understand what it means. Be careful what you wish for. I may get it for you. I want to make sure you understand every move throughout the process and you are going to finish out on top. Check-in with me at Radio@United4Loans.com. Request your free links so you can understand your financial GPS and successfully navigate your future. Not 80% or 90% but at 100%.

I want to make sure you navigate your real estate life in the best way possible. It’s having a perfect financial advisor right there for you. You could check with your CPA or financial advisor as you’re making or looking to make certain decisions and are free to do that. I want to give you all the tools you need so you can finish on top.

I thought I was doing a great job and I was doing a good job but I was able to shave even more years off utilizing the opportunity. I’m humbled. I wasn’t perfect. I can’t do 1,000 algorithms that were going on a daily. When I open up my computer, put on the screen, and log in, it tells me what I’m doing that day, the next day, and the next 90 days. It tells me everything I’m doing, what moves here, and what pays there.

I still have to pay the bills. It doesn’t provide me the money. It doesn’t grow the money yet. That’s one problem. I wish the sequence of the money drifts in the accounts but it tells me what I need to do and when I need to do it. Why this and this? That’s all anyone could ask for. Let me show you how it works. I can share my screen and show you everything. (888) 543-3980. Email me at Radio@United4Loans.com. You can go to YourRealEstateLife.com or United4Loans.com.

Many things are happening. We have the CPI coming out. We have the Empire State Index, retail sales, industrial production, business inventories, housing starts, the Philadelphia Fed Index, the PPI, and trade price indices leading indicators. A lot of things are coming out. We’re data-dependent. We’re going to see how things are, whether we’re slowing down or still picking up steam, which may mean we still meet some of the additional rate hikes and that’s where May 2023 comes in. We’re going to keep an eye on that.

We’re coming to near the end of the rate increase cycle. With that said, many of the rate increases have not gone through the system as yet. As they start making their way through the system, we should be seeing some slowdowns. We’ve been seeing some headline layoffs. It’s hard to believe that we’re sitting here creating so many jobs when so many are saying, “We’re closing and laying off. We’re doing this. We’re shutting down.” We’re hearing the large companies doing those layoffs. We have a lot of large wage earners who are unemployed seeing where they can latch back in.

The problem is they’re latching back in with lower-paying jobs. Thus, the numbers could be a little bit tweaked as a result. We’re honing in. We’re seeing what that means. It’s a lot of detail. All you care about is saving money and making sure you have the lowest payment possible and you have your income intact. That’s what I care about as well.

We take calls every single day. We are giving out information and education, all items. This way, a better decision could be made. Whether you move forward now, tomorrow, or in the future, we will be here to help. We’ve been doing this for many years. I have many clients that have been with me for 1 dozen, 2 dozen, and some even at 3 dozen timelines. I have some clients that are in the fourth generation and others in the third generation.

Others have been passed to other family members and other people at their work as well. I work with human resource departments and attorneys like divorce attorneys and bankruptcy attorneys. I’m working with many individuals, counseling individuals, and helping people get through sometimes the largest and most difficult items like money, the topic of money, and making you more comfortable with that and having decisions that you’re more comfortable with. That is my goal.

It may not be your focal or what you’re best doing. I want to be there for you and provide a solution. Radio@United4Loans.com. You can send that email to me. You can call (888) 543-3980. I was looking at some of the calls coming in regarding reverse mortgages. I mentioned utilizing it as a purchase depending on the down payment, your age, and what we can do there. We can utilize that as a purchase loan.

We’re also able to look at transferring your existing taxes. We want to check out that as well. If you’re 55 years of age and older, check with your local realtor there, your expert. We don’t list or sell. We handle financing. I want to make sure you’re aware of that. In California, some of the rules are changing in the education cycle for reverse. That’s going to happen around March 31st, 2023.

If you’re thinking about a reverse mortgage, I want you to get through that education, which is good for six months, because in February 2023, you won’t pay for that education. About March 31st, 2023, it’s going back to about $120. I’m always out to save you some money. If you’re thinking about a reverse, let’s talk. Let’s get that education going. If you want to close or you want to wait until summer 2023, that’s fine but I’m here for you. I’d like to thank you for reading. Until next time. What kind of loan do you have?

Important Links

• Radio@United4Loans.com
• United4Loans.com
• Family Security Law Group
• FreeCreditReport.com