Fed, Inflation, FHA, And Debt Elimination

• February 26, 2023
• realestate
• Podcast

Who doesn’t want to be debt-free? That aspiration may seem like a long way ahead, but debt elimination doesn’t have to be a pipe dream, especially if you have the right guide on your side. Let Michael Harris be that guide on your journey to a debt-free life. Tune in as he discusses what his Perfect Financial GPS Program has in store for you. Plus, stay tuned for our new segment that teaches you all about your relationship with money. Join in now!

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Listen to the podcast here

Fed, Inflation, FHA, And Debt Elimination

I want to know what kind of loan you have. Debt isn’t forever, but it can seem like it is. The feeling that you got too much debt, but wisely used, debt helps build income-generating assets that pay for themselves. The payments are manageable because you’re also getting something else of value. It’s your relationship with money. It’s utilizing that money effectively and doing it wisely. We’re going to talk about that on the show, but we’re going to get started by giving you the number, (888) 543-3980. You could email at Radio@United4Loans.com. I’m going to personally respond to each and every single email and call that is not answered live by the team during the show. I want to be a part of your financial success.

Over the past quite a few months, we’ve been going back to our past clients who even have rates in the 2s, the 3s, and the 4s, and we’ve been taking their effective interest rates below 2%. We’re not refinancing. We’re not consolidating debt. We’re not making things go away. We’re effectively managing money, payments, and principals of money to eliminate debt faster.

You did sign a contract to pay a certain amount of principal, but that interest can be variable. You can pay your debt early by effective money management. If I can show you how you can take that 30-year loan, whatever number of years you have left, and take it down to a half or a third the time without changing your lifestyle, did that pique your interest? It should. If you email Radio@United4Loans.com, say, “I want to know more.” That’s great. What I like to do is add you there. Make sure you include your name, phone number, and email, and you’re going to get some information and then we can have our future discussion.

Bottom line, I want to run your numbers. I want to show what I can do for you and guarantee those results. That’s (888) 543-3980. I close loans, whether they’re residential, commercial, going forward, or going in reverse. I help you with the largest debt you have, but it’s my responsibility to help you get out of that debt responsibly. I talked about leveraging money. You need that money in order to gain those assets that will perform for you, but it’s my goal to eliminate that debt and create future wealth. We’re approved to do loans in California, Colorado, Montana, Texas, and the state of Washington. I’ve been doing loans now for many years this 2023 and I’ve been on the radio now for a couple of years. You can go to our website at YourRealEstateLife.com.

Our company site is United4Loans.com. You can get started right there. You can fill out applications for pre-approval. We can talk about whether you’re getting a loan using your income. We can do that or we can look at cashflow, if you’re self-employed, and you have great deposits, but maybe you write off. Maybe you don’t pay as much in taxes. That’s okay as long as you’re minding your Ps and Qs, but we can look at that cashflow. The rate might be a tad higher, but you’re saving that much more in the taxes you’re legally writing off not to pay. There’s a lot there.

We’ll talk to your financial advisors, your CPAs, and everyone on your team to make sure we coordinate the best option possible for you. Write down the number. (888) 543-3980. That’s LIFE-980. I mentioned we do FHA, VA, and DSCR loans, Debt Service Coverage Ratio loans. It’s been a popular item for our investors. If you have rent that is offsetting and covering, we can take care of that loan and get it approved. We have many of our investors, even first-time investors, buying your first investment property. We’re able to get that asset performing and you can move forward and add that to a portfolio. We’ve been able to show some of our investors how to pay off debt in four years. We’ll talk more about that.

We already talked about debt. Where are you? You got debt somewhere. If you’re debt-free, you still have your monthly expenditures and that’s fine. How about wealth creation? We could talk about that as well. Many of you out there have a mortgage, a car payment, student loans, and other items. I’d like to talk to you about what your plan is to eliminate that debt. Is it to go the full term? When you look at your mortgage statement, some of you have a rate of 2.75%. Fantastic. That’s my rate.

When you look at that statement, that balance, and your monthly payment, how much goes towards interest? How much goes towards the principal? Now, some of you right away said, “I throw extra towards my principal, so I pay more at the principal.” Is that the wisest move based on your overall, your holdings, and your assets? Would it be interesting to have your own personal financial GPS that told you day in, day out, morning, noon, and night, the best option, the best results on the best day, and the best dollar and cents to pay towards each item to optimize results?

You have credit cards where you always have to make those minimums. You got to make those, but how much extra goes here goes there. You can emphasize one item and pay for that, but it may not be the most optimal result. My thing is always getting the best results and something I found out on my own over the years. I’m in the finance arena. I know numbers. I love numbers. I put them in the middle of my desk. You push them off to the left or the right. I put them in the middle. I love numbers, but I’m not perfect. I might be able to mimic that GPS to a good degree, but I’m not going to get everything. I entered my numbers.

I’m a customer of the product. I was able to look to reduce the new mortgage that I have from the 26 to 27-year range down to under 10 years. That’s not just the mortgage. That’s all debt. Maybe I could have done some of the prepay, done this, and added to that. Maybe I could have mimicked a good portion of it. What I found was there was roughly a difference between $170,000 in reduction to about $215,000 in reduction.

I don’t know about you, but $45,000 sounds awfully sexy to me. $45,000 to have somebody I could talk to who’s smarter than me and who doesn’t talk back is cool. Some of you don’t live in the money arena. This is optimal and it takes maybe about an extra fifteen minutes of your month in order to go through, look at it, understand it, and it’s going to work like a charm. It’s going to let each and every day what you need to do, where you go, and what you’d handle.

Some of you have a checking account. You’ve got a lot of money in it, maybe a savings account, but not enough being earned. Some of you are more sophisticated, and have a large amount of investments in other items, earning guaranteed returns, and that’s great. Your financial planner’s taking care of you or you’re doing that yourself. However, many of you, I have found, have idled funds sitting in a 0.1 account, even your checking account but some of them have it sitting.

I’ve been able to give some simple advice. Move it over to a 3.3% savings account or even better. You can do that and link that back to your 0.1 and transfer money as needed back and forth. It doesn’t have to be in the same institution. Doing that, I’ve seen tremendous additional results for my clients. That’s a simple tip. If you want more information about where to look, I’m not necessarily recommending any particular institution, but you can give me a call at (888) 543-3980.

If you’re able to lower, decrease, or gain more money coming in, that’s going to be helpful to reduce your debt. Increase your discretionary income. When we’re lowering debt, we’re also helping what is called your debt-to-income ratio. That is when you qualify for loans and larger purchases. That’s becoming more important. Lending is going through another change.

When you have a debt-to-income ratio below 40%, that means your monthly payment, principal interest, taxes, and insurance as a ratio to your overall with your other monthly debt as a ratio to your income. When it’s below 40% in your loan-to-value or your equity position is greater than 60%, you have to have a great amount of equity affect you. You’re going to pay more now. If your debt ratio is higher, you have more risk as a loan client. You’ll be charged an extra 1/8, 1/4, or 3/8 of the fee. There are extra fees.

They’re also looking now to charge additionally for cash-out refinancing. There was always a cash-out refinance fee, but now, it’s a risk level based upon loan-to-value, the equity position. You have an increased amount there as well. There’s some good side of things somewhere along this path. They’re helping those that are putting less money down, lower down payment to get people into property and making them more affordable. You have the annual mortgage insurance premiums. Those are getting more competitive. Those are going down.

When you put down less money, you have what is called a mortgage insurance premium. That’s getting better. On the government side, FHA, they’re changing the mortgage insurance premium. A number of years ago, it went up from what is called 0.55 basis points to 85 basis points. Guess what? We’re going down back again where we were roughly about 14 or 15 years ago. We’re going down to 55 basis points.

What does that mean? It means a family buying a home and getting a mortgage of $200,000 may save another $600 per year. It’s money. $300,000, $900, $400, $1200, $500, $1500 extra. It makes a difference. Imagine if you have that $1500, you’re able to spread it out on some of this other debt and start knocking it off. It’d be nice if you had a program that you could put that in, you get the results, and it comes right back at you. That’s perfect. That’s the ideal thing to do. That’s why I love this financial GPS.

If you were thinking about a vacation in the future, thinking about buying that car, and you wanted to know what that did, that 72-month payment on that $55,000 car, it may only add a year and a half to your overall savings when you’re on this perfect financial GPS. It sounds too good, but it’s not. We will look to input your numbers to get your results.

I had quite a few appointments and we do these right on the computer, on camera, and through share screen. We input the items and take care of this. It’s comfortable, no pressure. When we see the results and someone’s debt go from 26 years and in one case, 5.9 years to be paid off, you’re talking about doing everything one way to going another way. That’s how quickly it was able to get handled.

I had one person reply, “Shouldn’t I keep my mortgage? Isn’t that helping me?” It would help you to accumulate even more real estate if that was your desire. However, paying off that mortgage is paying off the bad timing of the mortgage because it’s an amortized loan. When we refinance loans, and I talk to people all the time about lowering your rate, “Let’s get you a better rate. Let’s get you a better payment.”

If you can afford your existing payment, make that existing payment on the new loan because it has a lower rate and you apply more towards principal, but you don’t adjust and start over. Many people say you start over, but if you took that principal reduction on a $200,000 loan at 6%, $199, $200, or $201 each month, barely anything is going towards the principal. You’re paying 63% interest on the beginning months. Overall, you’re going to pay over 50% interest if you take the total gross and how much you pay back, maybe about 54%.

If I were to tell you that you’re able to make six months go away, another six months go away, another six months go away, buy an extra thousand and you were paying the existing payments you had now, but by lowering the rate, you’re able to continue that. You don’t have to compute this, and I don’t have to tell you because something’s going to tell you the optimal time to do so that’s what I’m talking about. Find out more Radio@United4Loans.com.

I want to show you a perfect financial GPS program that’s going to help you and you’ll have that program for life. It’s going to take you from start to finish and beyond. I want to show you how this can be done. I’m going to send you a few different links and items to review so you get a little bit more familiar. We’re going to reconvene and talk. I want to understand your numbers. I’m going to have you do a little bit of homework because junk in, junk out, I want the right stuff.

We’re going to gain your items and then probably the second time we meet, I’m going to look to run your numbers so you can see those results. They’re going to be incredible. I’ve had so many people fall out of their chairs, whether they’ve been from the financial arena or they’ve been school teachers. They’ve been family therapists, attorneys, or real estate industry individuals allowing their investor clients to accumulate more real estate because it allows them to clear the schedule to allow more to be accumulated and pay it off that much sooner when they’re collecting rent at the door.

Improvements On The VA Side

I mentioned the DSCR loan, which allows the loan to get paid off by using rent, and it’s also covering the mortgage. These things can move fast. I want to show you how. Call (888) 543-3980. We had some improvements on the VA side as well. We’re looking at the VA funding fee improving so we can talk more about that, but I’m watching what’s going on after April 7th, 2023. We’re going to watch that VA funding fee go back down from 2.3% on first use back down to 2.15%.

Now, if you put 5% or more down, it’s going to go from 1.65% down to 1.5%. 10%, it’s going to go down to 1.25% from 1.4%. If you have subsequent use, you’re going to put down 3.6%. That’s what it is now, but now it’s going to go down to 3.3%. We’re reverting back. It’s saving money on entry. It’s saving money on FHA for a low down payment.

We’re finding out with the AMI, the areas, low income, and various levels, 80%, 100%, 120% AMI. We’re finding the deductions or the additions in costs going down, making it more advantageous to purchase. I had an example where someone was saving $6,000 as a first-time home buyer. That means you haven’t owned a home in the last few years.

There are areas, ZIP codes, and regions where you are going to save money. Perhaps your local realtor is not aware of some of these items that are coming through the cycle. Some of your loan officers out there don’t know. I like to give a second opinion. I want to make sure you’re getting everything you need to receive, especially on FHA. When you’re looking at that MIP premium going down by 30 basis points, that’s money in your pocket and that’s effective. I want to make sure you are getting those savings and you’re aware of that when you’re getting into your first home.

FHA is not just for first-time home buyers. It’s for repeat as well. We can go into that also, but we do have individuals who are stepping up buying property. You’re marrying the home, you’re dating the rate, and let’s divorce the debt. I have three things I want to talk to you about when we talk, but when you’re talking about dating the rate, the rates have gone back down. We saw fives as the front numbers. We can reach those, but it’s probably in the lower sixes.

When we do a loan, we can look at what is called a buydown, a 1-0, 2-1, or 3-2-1 buydown. We could buy down 1 year or 2 or 3 at a time. We can get money from the seller. They could participate. We can look at that as a concession. Sometimes if we’re getting money from a seller, I like to use that also for your escrow title fees and various prepaid items. Get you in maybe even as a down payment only because six months down the line, I’m looking at maybe then getting you the better loan as rates look to subside.

We’ve seen some inflationary numbers that are a little bit higher than we wanted to in the last months. We thought they would come down a little bit more than they did. Not quite as much as we’d like but we will be saying bye-bye from April, May, and June numbers one month later, May, June, and July 2023 from the month prior. We’ll be getting rid of those on our year-over-year numbers. That’s 0.6, 0.6, and 0.7. That’s going to help us, but hopefully, we’re not substituting that with another 0.6, another 0.6, and another 0.7. We want to make sure how those items are going.

We’ve been talking about some of these Fed rate hikes. I mentioned before that I was looking at the additional hikes that we were going to have. We’re probably going to be having this next one here coming on March 22nd, 2023. We have potentially one that is now coming to fruition on May 3rd, but what’s in store? Is it in June? Are we looking at another hike in June? We’re going to see how the numbers fare and what happens as those items move off the calendar from years ago. That’s going to be important. We’re going to keep an eye on that.

We’re keeping an eye on a lot of things. We have durable goods coming out. That’s going to tell us what’s going on in January. We’ll see if it’s a little bit better there. We’ll see if we’re as robust and active as we have been. We’re going to look at the Shiller Price Index coming out for December, Chicago, and PMI for February. We have consumer confidence. How do you feel? We got that for February coming out. We have the ISM index, we have jobless claims coming out for initial as we do each and every Thursday, and then we have productivity coming out as well.

We’re going to keep an eye on that calendar and see how it reacts and responds. We’re going to see how the market’s doing. I’m making sure during your loan process, we’re taking advantage of the best timing, and the best results that we can based on your time of close. If it’s a refinance, we’re in total control. If it’s a purchase, we have certain timelines that we want to meet to make sure we meet your closing date, but we can choose to lock in the loan as late as possible. The less lock you have, the better your pricing. We’re buying the money for a shorter period of time prior to close.

If the market’s stable, we wait. If it looks like it’s going up, we’ll make some decisions together. You are part of these decisions and nobody should be making those decisions for you. I want to make sure you are there. You understand. You’re involved as much as you’d like but I want to make sure we’re looking out for your pocketbook. Give us a call at (888) 543-3980.

Eliminate Your Debt

I want to help you with your real estate life going forward. I want to help you with your debt structure. I want to help eliminate that debt in a third or half the time without changing your lifestyle, no pork and beans, no just rice. You’re not living in an outhouse on the corner. I want to help eliminate that debt, not change your lifestyle, but put you in a better position with what you have using a minimum, maybe $100, a discretionary income every month. That’s it.

Checking and savings account. If you have a home equity line or other items, that’s also going to assist and help but I’m not requiring much checking, savings, and $100 discretionary. We can talk at (888) 543-3980. Some who have assets, I’ve been seeing it even less than $100. That’s not necessarily a restriction, but you have to have the right relationship with your money. I’ve added on a tremendous person, Mamma Rita Money. She is coming to our show on a monthly basis, and she’s here to talk to you about your relationship with money.

My name is Rita Boccuzzi and I am also known as Mamma Rita Money. I’d like to share with you a fresh new approach to money that is with your mindset to the skillset connection. What we get to do in our everyday lives is build confidence. How do we build confidence? I’m going to give you three steps. First, it starts with the purpose of your money. Understanding what your value base and knowing where you’re anchored so that you can break through any past beliefs that you may be holding on to move forward and focus on where you want to get to financially and be in an amazing relationship with your money.

The second step is prosperity planning. That’s knowing at what phase of money you are in. Are you in your saving phase? Are you in the phase of building for travel? Are you building for your retirement? What is your goal and why’s around your money? Money doesn’t have to be about self-deprivation, but we do get to protect the money that we grow. We get to persevere with it, and we get to preserve it so that we can have it for our lifetimes and maybe beyond if we want for our family members or loved ones.

The third is to get to know your numbers. Start exploring where you’re at. One of the keys to success is awareness. From that awareness, we get to create questions, build on that, and acknowledge where we’re at right now. Sometimes we think things might not be affordable to us until we explore, only to find out we waited so long for no reason at all. What questions can you ask? What are living benefits and what do they mean to me? How do they show up in my life? How can I rescue my 401(k)?

When you think of retirement, I want to ask you, “Do you think of an age that you are or a number or amount of money you should have?” When we ask these empowering questions, then we get aligned with our money and we can only grow from what we know. Start out, like a young kid, exploring your money to be empowered with it, to get elevated, and make that mindset connection to the skillset connection. Check me out. I’m on Instagram, @RitaBoccuzzi or LinkedIn. I’m also on Facebook.com/MammaRitaMoney or call me at (818) 806-8250. Take a leap of faith and start your pathway to flourishing financially with Mama Rita. Ciao for now.

Thank you so much, Mamma Rita. It’s such good information. Your relationship with money will be different from how you grew up, how your parents were, and how money was with them. Was it there in abundance? Maybe other things were more deficient. Maybe you had everything else, but maybe money was the topic each and every day.

On my end, I grew up here in Southern California. I grew up in the San Fernando Valley in the North Hollywood area. Back in the day, you can buy a home in the early 1960s for $20,000 or $18,000. It was a much different idea. I remember back in 1978, we sold the family home as a kid. I remember the home sold for $78,000, bought the new home out in the west end of the San Fernando Valley for $95,000. That was the buy-up. That was back in 1978. That home has sold much higher.

I’ve owned property myself since after I graduated college and started my career. I bought a home in Northridge for $200,000 and some odds, eventually sold it, and bought a home going out towards Ventura County and some other areas. Now, I’m out in Santa Clarita. Years ago, I had bought a home out there, shifted from my home of 16-plus years in Thousand Oaks. I saw values go up tremendously. I saw property go up from those $200,000s back to the $400,000s, up to the $700,000s, and then up to from the $900,000s up to the $1.5 million. Homes that are in the $800,000s and $900,000s again have shot back up to $1.1 million range.

A lot of homes will move in value, but you accumulate debt as you go and your relationship with money could be a good one or a real bad one. There’s good debt and there’s bad debt. Some of you are saying, “What’s good about any debt?” Some debt also leverages more for income and more rate of return. That’s another level of utilizing debt for your benefit.

I want to talk to you also about this bad debt, these credit card debts, these items you got that you’re paying ungodly amount of interest. Even a mortgage, although it’s leveraging and doing a good job, it is an amortized debt. By amortized debt, when you have a home equity line of credit, it is a leveled debt where you pay interest or interest only. You could pay towards principal but the rate is the rate. When your rate on a prime is 7%, 7.5%, 8%, 8.25% soon, all that fun stuff, you’re paying that. Even if it’s a prime plus 1, you’re paying 9% across and that is your rate. When you have that 275 home mortgage, in your early years, you’re paying 53%, 64%, or 82% interest.

“No, I’m not.” Yes, you are because it’s skewed. You’re paying more interest. At the end of your loan, if you look at an amortized schedule, you might pay $0.53 at the end of the deal. That will move into the other payment. All of it is principal near the end because you’ve already paid all the interest. Those of you who get that cash, credit card, “I was able to transfer all my stuff over to the 0%.”

What did you pay for the transfer? $2.99, $3.99, $4.99 going higher with everything going up on the discount side. If you paid 4.99% to transfer it, but you’re paying zero interest, you’re paying $4.99. If you don’t carry it for the full 12 or 18 months, that $4.99 is a lot higher because you paid it off sooner and didn’t take it to term. The credit card companies are hoping that you missed the term and then it goes up to 25% or 30%. If you pay it early, they’re going to make a lot more than that $4.99. The only perfect answer is to pay it off right at the end.

These are the principles I’d like to talk to you about. I want you to be the bank, a perfect financial GPS program that’s going to help you gain the advantage. There are eight principles of money. I’d like to get you started and I want to show you how I can save you money and give you a guarantee. That’s (888) 543-3980. Go to YourRealEstateLife.com. Email me at Radio@United4Loans.com. I want your name, number, and email. I’m going to get you started on saving money.

Fed Will Raise Rates (Again)

Where does the time go? We’ve talked about the Fed is going to look to raise rates again another quarter on March 22nd, 2023. We’re looking at May 3rd. It’s probably another quarter. June is on the table. The Fed meets every six weeks. We’re watching that. What the bond market’s watching is, is the Fed going to be finished? As they’re finishing their tightening process here, we’re looking at then the mortgage market going, “Rates should be going down because inflation’s being fought.”

We’re watching the results of inflation. We’re watching the strength of the consumer. We’re watching what’s going on in the jobs market. The jobs market is becoming important because we have low unemployment. Is that employment being gauged correctly? Are people now outside of the work market? Are they taking lower-paid jobs or the higher-paid jobs? Is it accurate? Hard to say, but we’re looking at inflation. We’re watching these headline numbers, whether they’re 0.6, 0.5, 0.4, 0.3 or whatever, or they’re flat. We’re seeing what’s going on.

There are always things that are popping up. We’re keeping an eye on that. We’re watching income and spending. We’re watching that consumer sentiment. The item I mentioned is coming up. We talk about that all the time, but we’re looking at new home sales. We still have inventory issues. We’re looking at annualized units. Maybe right now on, as we started the year looking to be pretty darn good. We’re looking at builders getting back in the cycle. Now I’ve been working with a lot of builders and builders are looking at, “My costs are starting to go down.”

This is good. They’re looking at lumber getting better than where it was. They’re looking at some of the supply chain issues coming back. They’re looking at planning on schedules and that’s good. We’re also looking at the size of the homes. Are they affordable homes? What city? What town? What state? We’re looking at that as well. We’re trying to find out where things fall now.

We look at the FOMC minute meetings, the Federal Open Market Committee meeting. We watch that. The interest rate market did not behave as well. We saw rates come from the 5s back up to the 6s. We’re in the lower sixes. I still think we’re going to be lower fives by year-end. I’m still looking at that as well. That’s what I’m doing. As mentioned, we have the durable goods orders coming out, pending the home sales Case-Shiller. We have December home prices, Chicago purchasing managers’ index, mortgage applications, PMI numbers, ISM numbers, construction spending, weekly jobless claims, and final PMI and ISMs as well.

Looking at all this in the employment data, we’re watching it carefully. The tenure increased by thirteen basis points. That 13 basis points meet about 1/8 in fee. It’s not that tough. It’s not that big, but it wasn’t down. We looked at mortgage-backed securities though that was the tenure. The tenure went up to thirteen. That isn’t too good. We shot the 390s, but the MBS prices were up 66 basis points. Sorry, that’s about half a point or so in fee. That was harder to absorb.

For my clients, I absorbed that. I grit my teeth. I did that. We’re getting people also forgiving debt much sooner. When we closed loans, I took some 30-year loans and I already have a projection to close or eliminate that loan in 12 years in all their debt. That’s what I like to package with our product. This way, you can get the full picture. If you have a loan that you’ve done, I’m not soliciting you for a refinance. I’m soliciting you to pay off that loan and handle that loan effectively. (888) 543-3980.

There was also another change. I forgot that in the earlier segment. They’re changing the seasoning requirement when you do a cash-out refinance. If I did a cash-out loan, paid off a lot of your debt, and consolidated items, it’s now going to be 12 months, 12 payments before that new loan is called a rate and term refinance.

I mentioned there are additional cash-out fees that they’ve added. In doing that, now you have a twelve-month moratorium on that refinance to gain a much better rate. If rates fall and the cash-out rate is better, you can make that decision in month seven or whatever it is. I would say try to hold on to that twelve-month cycle. But I’m looking to get rid of the first 6 to 12 months of interest by showing you a perfect financial GPS. I can help with that problem of change. (888) 543-3980. We saw the Dow lose 1,010. We saw the Nasdaq down 392 and the S&P down 110. We saw a lot of activity, a lot of things going on. We keep an eye on these items each and every day.

If you go to my website, YourRealEstateLife.com for the radio program or United4Loans.com for my company, we have a barometer there on the page. It shows you what’s going on on a daily basis. It shows you as the market opens where the mortgage-backed securities are. It shows you if it’s a good day or a bad day for interest rates. It gives you that idea. Depending upon where you are in the timing, it matters, but it may not matter as much.

As you’re getting ready for the process, I want to make sure you have your documents in order and together, you’re going to be looking for the two years’ tax returns, the returns you’re about to file, or maybe you did file, but maybe you’re W-2 and I can get away with W-2s only. We’re looking at gathering the two years of tax information, the bank statements, the pay stubs, and your identification. If you own property, the declaration of insurance and whatnot, knowing if the payments are impounded monthly or you pay them separately, getting all these items together and understanding.

I also want to make sure we understand where your credit lies. I don’t lead with credit by running credit. That’s not where I go. I want to make sure about qualifications and numbers, but I ask you about your credit. I want you to have an idea of your consumer score. Many different ways to get that like FreeCreditReport.com. You can go to your credit card. You get something that comes over maybe monthly now in your credit, but it’s giving you an idea of your credit score. If it says it’s 760, you got a great score because you’re probably over 700 on the mortgage side.

If your score is 680, I’m thinking, “I got to make sure we’re about 650, 660, or 670 maybe on the mortgage side.” Maybe there’s fine hair that we have to look at. We’ve had some instances where someone had a 679 score. My goal was to get up that 1 point, let alone 21 points or 41 points to get to the next level. The earlier we get started, the more we get pre-approved, understand the credit and utilize that same credit report for the 90 days of a loan cycle, but it’s gaining what we need to do to improve our score to save money.

My job is to have you buy money in the cheapest possible way. Once you buy the money, my job is to get you out of that debt as fast as possible with the best course of action. My job does not stop until you are done. I’m here for you throughout. I have clients that I’ve been working with now and they’re in the fourth generation, two in particular that I have. I have multiple three-generation clients that refer me to other family sideways in the relationships as well as other coworkers and other individuals in the process.

Many of my clients, many of the loans I write now are word of mouth and referral. I’m here talking to you to help cultivate that side, but also give you something you may have or may not have with your lender, the relationship that they’re going to watch out for your money. I want to make sure you are protected day in, day out and you’re aware of what’s going on.

We’ve had clients that have come our way. They were on the wrong path, and I say it distinctly. They were paying way too much for the loan. They were paying the fees, but they also had too high of an interest rate. We’ve been able to curtail that, save them the money, and move them forward, down the line. Additionally, paying off the debt much sooner than they ever expected.

We will look to save you money. I spend your money the way I spend mine sparingly. I want value for my money and so should you. I’m serious about saving money. I’m looking to handle my affairs and make sure I’m paying the least amount of interest possible. That’s what I’d like to do for you. If that’s something you want to do, you don’t want to throw your money to your lender.

Your lender is not your Valentine. We passed that but your lender loves you. You don’t need that kind of love in your life. I want to show you how you can become the bank. I’m putting it out to you, Radio@United4Loans.com. Send me an email with your name. I have your email and your phone number. I want to send you some information for you to review, no strings attached, not selling your information to anyone.

I want you to take a look, and understand the concept a little bit better, and then when you’re ready, we can talk. I’m not looking to lead the conversation. I can do that, but I’d like to have an hour of your time when you’re ready. I want to show you from start to finish the concept of what it does, and I will show you what I’ve done. I will illustrate and show you that.

I want you comfortable. No sale, no close, but you are comfortable. I then want to have your numbers so we can prepare them for a second meeting. That second meeting from the comfort of your own home on screen. I’m going to be able to have that ready for you, input your numbers, and show your results with a guarantee. You follow the program, you follow the financial GPS, and you will gain these results. It’s going to be every single item you pay in and out, accounting for it accordingly.

The program doesn’t make your payments for you. You have to make your own payments. It doesn’t provide you with the money tree in the backyard either, but it shows you the principles of money and makes perfect decisions. When you’re driving in your car and you put the GPS on and you’re like, “I missed the turn.” It recalculates and does a U-turn. It tells you to go continue straight and make a turn and gives you an alternative route but it’s the fastest route possible.

If you have an accident on the road and you want to avoid that path, it will tell you a way around it to get to your destination faster. If you have an item that comes up, maybe a car item, an expenditure, a medical item, these items then are those obstacles that can come in that were planned. The program will adjust. The program will give you a 90-day view at any time, but you could put something in from a later time as well.

There are so many ways that we can show you how you can save money. I’ve had an eventful program. I’ve had a lot of people who are tuning in, moving forward, and going, “Who’s this guy?” I’ve been on the radio now for a couple of years this 2023, coming to you, talking to you about lending, purchases, refinancing, forward, reverse, DSCR loans, non-qualified loans, construction loans, and commercial loans. We can do those. We do that. That is our job. That’s what I do. I’m approved in five states, California, Colorado, Texas, Montana, and the state of Washington. I can do loans in 30 other states on the consumer side when it comes to what is called debt service coverage ratio loans.

There’s so much I can offer you and help you and licensed to do so, but handling your debt. It’s the things that no one bothered to show you, and you’re doing what you think is right, and to some degree, you’re making your payments and you’re doing what’s right, but you’re paying a lot more interest over the life and term of the loans that you have. If I can show you how to not change your lifestyle, you’re not getting another job. You’re not doing all these new things. You’re not downsizing this and downsizing that, but doing for what you have but doing it slightly differently and that difference is going to save you money.

I met with a woman who’s 75 years old. She wants to help refer others to this because she was so happy to see what this was. I went over her individual debt. She would be debt-free at 103, and she’s making good money. I asked her, “Are you going to be doing what you do now, working as hard, and making what you earned when you hit 100?”

We were on a camera and she’s laughing about that. After running her numbers, it ended up she was going to be debt-free in her 80s. You go, “In her 80s, but she’s 75?” If you’re in your twenties and you start having debt right now, if you learn these principles, you can live debt-free and own a home in your 40s, but even sooner, if you’re in your 30s or 40s.

I celebrated my birthday. I’m 58 years of age this 2023. I’ve handled my obligations in debt fairly responsibly, but right now, this program is telling me I’ll be debt-free under ten years, and looking at the numbers, it makes total sense. If income improves, things go up, and variations occur, I can take it down based on what I speculate down to 7.2 years. That’s pretty darn good but I know individuals who are going to be debt-free in their 40s because they’re getting started now.

I want you to take this seriously. I want to look at this financial plan for you and your family. You’re going to be planning college for maybe the kids. You have other things that are coming up. These things can be planned and sorted through this perfect financial GPS, so you can navigate correctly working from what you have and what you’re looking to accumulate.

Let me be a part of this program for you. Let me share this opportunity, (888) 543-3980. I am here to help you with one of the largest items you have, the purchase of your home. I’m going to get you from start to finish. I’m going to get you the best options possible and we’re going to get the job done. I’m going to work hand in hand with your team, your realtor, and all the people involved throughout the process. Anyone else, insurance, financial planning, CPA, we will do that as well.

Your Relationship With Money

Whether you’re looking to get started or you’re looking to move up, move down, move across, add to your portfolio as an investor, or build that home, I am here at United Mortgage Corporation of America to handle that for you. You have a direct line to me. You send it to Radio@United4Loans.com. I am going to get back in touch with you. I want to be on your team. I want to be your teammate and let’s get the job done together. I’m so tired of seeing results that are not as good. I want to make sure I have them for you. It’s been a pleasure talking to you. It’s been a full program. We’ll be back next time with another program. Until then, what kind of loan do you have?

Important Links

• Radio@United4Loans.com
• United4Loans.com
• Mamma Rita Money
• @RitaBoccuzzi – Instagram
• LinkedIn – Rita Boccuzzi
• Facebook.com/MammaRitaMoney
• FreeCreditReport.com