Fed Pauses, Rates Decline

• November 6, 2023
• realestate
• Podcast

Despite the high inflation, the FED did not increase interest rates. In fact, it is getting a bit lower. Michael Harris explores what to expect in this current state of the market and how you can take advantage of the rates on the decline. He also talks about what’s going on in the economic world and everything on the calendar next week.

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Listen to the podcast here

Fed Pauses, Rates Decline

I always want to know. What kind of loan do you have? Some of you do have great loans of 2s, 3s, and even 4s as the front number. We saw interest rates come down a little bit. We had a Fed meeting. The Fed did leave interest rates unchanged despite still high inflation, but getting a little bit lower. They skipped the November meeting as far as increasing. They left December on the table. I don’t think it’s going to happen. We’ll see.

What happened was we saw interest rates go down. We saw the 10-year Treasury get better and with that, that was like a rate decrease. Is that going to spark some activity causing the Fed to be concerned and maybe looking at December? I’m not sure. We’ll see. I’m the President and CEO of United Mortgage Corporation of America. I’ve been on the radio and I want to talk to you about your real estate life.

We’ve been doing this for a long time. We’ve seen a lot of different markets. We see a lot of people on the sideline. People are saying, “I’m waiting for interest rates to go down before I buy.” Home prices have not gone down. In most cases, they’ve got up to 2%, 3% and 4%. They’re staying stable. There’s high demand out there. I want to give you this scenario. Let’s say rates come back down a little bit. We see sixes. Let’s say we see a five as a front number and everyone goes, “I’m ready to go. Let’s go.” Do you think home prices will be going down?

No, we have low inventory. If you’re able to buy a home and gain the home that you want, then you could alter or change your loan later. You might be coming out or I will guarantee you’re coming out further ahead because what you’re doing is you’re making a higher interest rate payment for a little bit to make a more affordable one later, but you saved a ton of money on that sales price.

Talk to a professional. Talk to your local realtor. I don’t list. I don’t sell. I handle financing. I can give you insight and direction. I can give you a little bit more clarity. We want to get you pre-approved. We want to get your debt-to-income ratio qualified income in order to find out what loan is available for you. Whether it’s bank statements, asset depletion, W-2 salaried, or rental property, you’re looking at rents coming in or cashflow-type stuff, we want to take a look and understand the type of loan that fits your model.

I received a call from a young lady. She was saying, “I got my tax returns. What can we do? I want to buy a rental property.” I was looking at the items and the problem was a good thing. She wrote off legal correct tax write-offs, so her bottom line income wasn’t large. It was more difficult to qualify for a traditional debt-to-income ratio, but the cashflow going in monthly was adequate, especially looking at the new property she’s looking into.

We looked at what is called a DSCR loan, a Debt Service Coverage Ratio loan, which means the rent is covering the taxes and insurance. Those loans do exist and the fact that it covers as an investor, you’re doing well. These are the solutions we will look to at United Mortgage Corporation of America. We want to make sure your bottom line is correct and that you have the best alternatives available. Give us a call at (888) 543-3980.

If you own a home, I want you to take a look at your mortgage statement, whether you get it in the mail or you look online. You may have a fantastic interest rate, and we established that already. I also want to show you the rate doesn’t matter as much as you may think. It’s about the interest volume you pay. How much money are you paying on that mortgage? Take a look hard. Take a look at the interest and the principal breakdown. Divide that interest by the amount of the total payment. Is it 50%, 60%, 70% or 80%?

Daylight Savings Weekend

I wanted to remind you of daylight savings weekend. What time is it where you are? I look at things and I wonder, “What are the people doing with that extra hour?” There are so many things that you can think about doing. What is it that you’re doing with that hour? Have you given any thought? Maybe you did and maybe you didn’t, but there are a lot of things you could do. You’re not going to wake up at 2:00 AM. You’re not going to go ahead and exercise. You’re not necessarily reading a book at that time. Maybe you’re connecting with others, but they’re not up. They’re sleeping.

Maybe you’re pursuing a hobby but not in the middle of the night. Maybe you’re waking up an hour different. You have an extra hour in the morning that maybe you could take advantage of, something that maybe you’ve put off in the mortgage space or the real estate space. You got a continuing education. Did you finish it? Did you do your renewals, licensing, and the things you don’t want to do? Maybe you take that extra hour. Maybe you clean the house, but maybe you handle your finances.

We were talking about interest volume. My goal is to eliminate early interest so you can retire your debt sooner. You owe what you owe. You borrowed what you borrowed, but it doesn’t mean you have to pay all that interest. It’s a matter of when you pay your principal and how you pay your principal to when you’re overall loan is retired and interest goes away.

We’re showing individuals from 30 years or 26 years down to 12 years and down to 7 years. They’re being and becoming debt-free. How can you not want to explore with no obligation what your new debt-free date can be when we look to input all your ins, outs, income, expenses, anything and everything, finding your discretionary money monthly, and then utilizing that in a perfect financial GPS program, a program that’s going to allow you to make the best decisions just like you’re driving and you’re looking to go somewhere?

You used to have those maps in your glove compartment. You pull them out over the dashboard and you throw them in the back seat because you can fold them. We’re looking at what you’ve gone through with your GPS as you do with your car. You’ve gone through various migrations of better technology. Now, you know where the police are hiding, where the traffic is, and where the alternate routes are because they’re doing construction.

You know where there’s an accident. You avoid it. You get to your destination in the fastest way possible. I want you to do that with your finances because the technology exists. There are other methods. You can pay off the lowest balance first, get momentum, and pay another one. You can pay the highest interest rate, but is it the high interest rate? It depends on how it’s being paid off. Is it simple interest? Is it amortized interest? You line up six debts, you have 720 combinations and you have a choice every single month of those 720. You got things to do.

Webinars And Presentations

Let technology assist you. It’s always great to have someone in the room who’s smarter than you and who doesn’t talk back. That’s what you’ll have as your financial partner. It will be very transparent. Let me show you how. I want you to join us on Tuesday at 6:00 PM for a webinar. There’s no cost. You don’t need to put your name up there. You don’t put your photo up there. You could do whatever you want but it’s one hour. 6:00 PM on Tuesday, I want you to email me Webinar@AheadForMoney.com. I will then email you back to access that webinar.

Now, you’re telling me, “6:00 PM doesn’t work. I got things to do.” What time is good for you, during the day or another evening? I’ll make myself available for you. Still, email to Webinar@AheadForMoney.com and let me know, “Tuesday doesn’t work.” I’ll send you my calendar. We’ll go ahead and book a time that fits your schedule. We’ll get that in. We’ll talk, but I do want to send you some information to watch to get more familiar. Maybe a 28-minute partial presentation. Maybe a couple of minute items and a little demonstration that you’ll be able to watch on your own at your own accord. You have to sit there at one time and watch.

This way, you’ll be a little bit more familiar and eventually, we can attack your particulars. I want to know income as we do in lending. I want to see the expenses. We’re going to get the full picture. We’re going to run your numbers and get results with no charge. No obligation. Why not? You got nothing to lose at all but gain valuable information.

Some people say, “I could do this myself. I throw extra money here.” Why not another dollar? Why not a dollar less? A perfect financial GPS is going to go to the penny. It’s going to do the most optimal decision at the optimal date at the optimal time to what’s available. That is what I like to show you how it works. You could do it yourself. You can get on the dart board. You’re doing well. You’re playing the game, which is fantastic. You’re not on the sideline, but I want to hit the bullseye. I want to hit the target for you each and every single month.

It’s that easy, but I need you to participate. Call (888) 543-3980 or register for the webinar. You can email me at Webinar@AheadForMoney.com. If you can’t meet on Tuesday at 6:00 PM, that’s fine. We’ll have another meeting. I have quite a few different meetings set up, a one-hour slot. Some of them are first-time meetings. We’re going over the program, the understanding, and how it works. Others are second meetings where we’re inputting their numbers and gaining results.

We have a couple of boarding calls where someone’s getting set up. We’re entering their items in and getting them refined. We are setting up a corporate follow-up for information. We’re in the process of helping many. We have many now that have been on the program and the opportunity for months. We’re doing revisits and making sure how it’s going as they’re seeing the progress.

Interest Rates Unchanged

We have some that are so excited. They started referring their family, friends, and others because they were so excited watching the results. That’s how it works, but it’s all about you. It’s about nobody else. I want to see what I can do to save you money. Call (888) 543-3980. I mentioned we had various items going on with the Fed. We had the Fed meeting. They left interest rates unchanged. We saw rallies in the bond market, which means mortgage rates came down.

We saw a $500,000 loan. We saw fees go down almost $12,000. You can lower the rate and keep the fees the same, but there’s flexibility. All I’m telling you is if you’re in the loan process and you locked in your loan, you better check and see what you can do. I can get you caught up very quickly if you can’t retain or go forward with your current provider. I would encourage that initially, but you need to save your money. This is your money.

What we’ve seen in our industry now is we’ve seen some creativity. We’ve seen the 1-0 buy downs and 2-1 buy downs. We see further buy downs depending upon what you want to do to buy your rate. For instance, if you took 5.25% for the first-year, 6.25% for the seventh year, and 7.25% in year three. Those buy-downs cost money because you’re buying interest early in order to buy down your overall payment.

What we’ve been seeing is we’ve been seeing listing sites rather than lowering a price as long as it appraises. They’re offering credits to the buyer. You are offering a lender credit. With that lender credit, they’re doing the buy down of that loan. Now you’re moving in and maybe you’re getting that 5% or 5.25% rate where you hope things will go in a year or so. You’re gaining that rate and you’re getting the home that you desire. We’re gaining results with that process.

Assumable Loans

The real estate community and the realtors are understanding. It’s not, “We’ve had a lowering of our price by $10,000.” We’re offering a $10,000 credit to the buyer to buy down their interest rate. That’s a lot more enticing. At least, we’ve seen that. We also have now assumable loans, FHA and VA. If the seller has an FHA or VA loan, if it’s a VA loan, the veteran needs to be knowledgeable to understand that their entitlement stays with that property. They got to make sure what they’re needing for their next property or where they’re going after. That’s an item of issue.

Now, there might be tremendous equity. Maybe you don’t have the down payment to make up that difference, but what we’ve been doing is now writing an equity line or a second mortgage that goes behind that assumable first. You do need to qualify for all this, but now you’re getting that low first assumable and you’re getting a second, which is simple interest on an equity line. Now it’s not amortized and your interest rate is your interest rate.

I mentioned if you have a mortgage and you’re a year, 2 years in, 3 years in, or 4 years, you’re still paying 60% on that loan because it’s weighed and skewed heavily in the early years. If you have an equity line, even if your equity line is 10%, 11% and 12%, who knows? If it’s even that, 12% is lower than 60%. You can manage that equity line and chunk that equity line down. You can retire the debt much sooner. I want to show you how. Is 12% better than 3%? Where did I do my math wrong?

It is, depending on how the obligation is set up. I can tell you the credit cards. You have a minimum payment. They keep you in that trap and you keep paying the minimum. You’ll never get anywhere, but if you’re sitting at 12%, mind you, with 12% you’d be happy on a credit card. Let alone 18%, 22%, and 24%. A credit card could be up to 36%, but they’re approaching. I’ve seen some individuals at 32%, but 32% is better than 60%.

Sometimes credit cards are better, but you need to know how to manage those cards, be ahead of them, and become the bank. I want to show you how you can get ahead of it rather than behind it. It can be done. Call (888) 543-3980. I want to be your interest cancellation specialist. I want to show you how I can get your interest canceled. This is not debt consolidation. This is not debt forgiveness. It’s when you pay and how you pay so you can be on top of your finances.

Let me show you. I like to send you a few different links that you can watch. We can have a conversation, but I want you to be familiar. Let’s do it. I mentioned the email, Webinar@AheadForMoney.com. If you send it there, I’ll get you the invite for Tuesday. If you’re not able to go on Tuesday, let me know. We’ll set up a different time, but if I have your email, which I will, a phone number, which I can get, and your name, I like to send you some items for your review. No obligation. I’m not selling your information. It’s not going somewhere else. The buck stops with me.

I want to educate you on another way that’s better. Let’s go to a game show that all of you remember, whether it’s present or past. You have three doors, let’s make a deal. You have door number 1, door number 2, and door number 3. I ask you, “Which one do you want to choose?” You choose door number two. No, that’s not available. Door number three, that’s not available. I’ll go to one. That’s the bank’s plan.

You’re making your payments and your plan and you’re guessing to do something different, but then they still want to keep you on that plan. I want to open door number two and let’s pay off the debt, and at least the door number three, which is creating wealth. Less debt, more wealth, then we can have that moving forward even faster. I want to show you how that’s done. I’ve been a mortgage banker. I’ve seen a lot of people be able to eliminate debt and come further ahead. They have to have an open mind to understand how the banks and the insurance companies work to do so.

Lending Updates

Let me give you a head start. Let me show you the opportunity rather than continuing to do what you do then get nowhere too quickly and pay a lot of interest. Let me show you at (888) 543-3980. On the lending side, we’re helping pre-approve people. We’re looking at consolidation if it makes sense before we put them on the financial GPS program and show that opportunity. We’re doing DSCR loans as I mentioned. We have ITIN loans, the Taxpayer Identification Loans for those who do not have a social here legally working. We’re getting those loans done as well.

We still have reverse mortgages and we are getting those done. We have an 80-year-old woman who is going forward on a reverse mortgage. She’s going to gain close to $70,000 in order to pay off various items that she has and it’s clearing her slate. She’s worked hard for her home and now it’s time for her home to work hard for her.

We are doing this for individuals. Purchasing a reverse purchase can be done. I like to talk to you. If you’re 55 years of age and older, we’ll look at the equity position and see what is possible. There are also different products that are hybrids, the products in the middle. We can do partial reverse and partial amortization of a loan to pay, but that partial payment is because there was not enough equity for a true reverse so you’re making partial payments for ten years to then turn it into a reverse.

Those monthly payments are going to be less than you are paying now, so we’ll see if that makes sense. We do nothing unless it makes sense. There has to be a tangible benefit. This is not, “We’ll do it anyway.” No, we’re looking to save you money. If it’s not saving you money, I’m the first to tell you what you got is good. If you’re working with an individual, what you have is good. Stay with that. If they’re doing something differently, I’ll tell you an idea. You go back. If they’re able to fix it, great. If not, I’ll take care of it.

This is about you. It’s not about me. It’s not about them. It’s about you. You need to understand the options that are available and what can be done. Honestly, you think everything’s great, but they’re not telling you everything. I want to give you that overhead sight because I’m not in the fog. I want to give you what to look for and what to do. I had individuals giving me a call. They were getting equity lines. I can write equity lines, people. I can write them at a low cost very much like your institutional bank, credit union, and whatnot.

They were going to their local bank who knew them and she was concerned because it’s been taking too long. They’ve been asking for this and that, doing this and doing that. It’s going on and on. I gave her some insight and some direction. She’s going back. If they can do what they’re supposed to do, she’ll close with them and I advised her to do so. If not, I’ll spend at least maybe one week, I’ll catch up, and we’ll get this thing done because it’s nonsense. 30 days, 60 days, and 90 days, it needs to stop.

I’m here to bring clarity to the lending process. My goal is to write your home loan, equity line, reverse mortgage, non-qualified mortgage, and outside-the-box bank statements. Whatever the case may be. We’re doing construction loans, commercial loans, and mixed-use properties. We are handling these items effectively. We’re a direct lender. We close on our warehouse line on the majority of our products. I have and hold an underwriting credential for commercial and government. I do that for Fannie Mae and Freddie Mac loans. I do not service loans. We close loans and we then have servicing go elsewhere. I want to be your guide for the lending process. We’re going to be talking about the calendar and what’s going on in the economic world.

We’ve been on the radio now for several years coming to you and talking to you about lending, talking to you about options when it comes to saving money, and making the right decision at the right time for you and your family. I want to talk to you. If you have a loan and you’re saying, “I don’t need this. I got 2%, 3%, and 4%. No need,” what else other items do you have? When I’ve been looking at the overall statistics and various items, we got a credit card and unsecured personal loans way high. We have autos going up way high. Home equity lines of credit are increasing because we’re finding better ways to finance and do items.

The mortgage is way down as far as originations because people are protecting their 2%, 3%, and 4% percent rate, but there are loans that are closing. There are still needs out there. Are you someone who’s looking for better cashflow? Maybe you need lower payments. I’m not an advocate of you stretching them out, but maybe you need something to alleviate some of the stress and pain for a better outcome or a better plan to come back to the table at a later date.

It is looking at the possibility of retiring that debt sooner, but maybe that’s not as affordable to you as I’m implying. If you have $1 of discretionary money at the end of every month, I like to show you a better way. Some of you have $100 and some of you have $200. It’s what you have left over after you look at the money you have coming in and after groceries, gas, and all the other items. At the end of a month, how much money is left over? Are you overspending? Are you spending more than you have coming in?

Economy Updates

We could take a look at that as well. We can look at the setup and understand what we can do with timing and numbers to come and have you finish on top. We’re looking at the economy and what’s going on. On Monday, we have one of the Fed Governors, Lisa Cook. She’s speaking. We’re going to be talking and looking at that and understanding how the market moves for our clients as we gained a lot in pricing.

We’re going to be protective of that, but if we can continue, we’re going to see what we can do. We’re going to keep our eyes open and understand what’s happening come to the December meeting as we lead in. We got a lot of economic news still coming. We have the jobs number that was the course on Friday when we had 150,000 jobs and unexpectedly employment rate rose. We’re watching things carefully with that, a window up to 3.9% highest level in two years.

It’s something that I’ve always said. The unemployment rate needs to rise eventually because of the Fed’s doing. They’re looking for pain. They’re looking for the employment rate to go up. They finally got what they’ve been asking for and that’s why all of a sudden mortgage rates came down. I mentioned we need pain. We have some pain. We may have a lot of pain, but maybe people aren’t quite noticing. Many people are still spending for various reasons and other items, but a lot of this is coming around as we get through the holidays and go into early next year.

We’re going to see, is the Fed perhaps looking to ease sometime in ’24? Some people are saying near the end of ‘24 and some say possibly the second quarter of ‘24 depending upon the circumstances and where we are. We’re going into an election year. We got a lot of things to look at, but we’re writing home equity lines of credit to put people in the right spot at the right time. You may say, “I have no need.”

That’s great. That’s when you should get an equity line to have it there when you may have the need. When you have the need, sometimes it’s harder to obtain that item. A home equity line of credit, you only pay on what you owe. It’s a good thing to have in place, things that happen unexpectedly. I can also show, if you’re not using the equity line and you have one, how you can use simple interest to pay off the amortized interest and do that rinse and repeat. You can save months and even years off the term of your loan. You can do it to a perfect number and timing and an item that has no pain in doing so.

We have the US trade deficit. We have Vice Chair Michael Barr speaking as well. We have Christopher Waller speaking. Again, a couple of Fed individuals and chairmans. I’m looking at them in what they’re saying and how they’re leaning in, especially after Lisa Cook. We have consumer credit in the afternoon. On Wednesday, we have Lisa Cook speaking again. She’s backing up her Monday and we have Jerome Powell delivering opening remarks. We have him talking as well and Michael Barr again.

We got a lot and we got Philip Jefferson. He’s coming out talking too. We got all these things happening. It’s all about the Fed. On Thursday, we have initial jobless claims and Chairman Powell comes back again at the IMF. Now, Friday with the bond markets closed. Why is it closed? They’re looking at Saturday as Veterans Day and the bond market closes. The stock market stays open, so we don’t have the yin to the yang. We’re not necessarily offsetting. We’ll see how that flares, moves, and goes.

I’m watching all these Fed governors speak with a few different items coming out. Very minor to the economic news but we have overseas what’s going on with tensions that are very high. We have all this happening. As we watch these items, we watch what’s going on with the debt ceiling and everything else going on down the line. We’re watching it volume, but you have the ability to make a decision still about putting your finances in the right spot for 2024.

If it’s purchasing a property, refinancing a property, consolidating some debt, or maybe you’re doing home improvement, it’s the right loan for the right situation for the right cause for the right time. It’s gaining whether it’s a line of credit, a loan, or refinancing depending on your rate. Some of you may have gotten a new property and you might have a 5, or even a 6 or 7 as your front number. Your decisions may be slightly different from those of another.

If you do have a 2%, 3%, or 4%, you’re still paying almost 60%. I told you. Take a look at your statement. You tell me. Take the interest and divide it by the overall payment. Not the taxes and insurance. Not the PMI or MIP if you have it. Take those two items, principle and interest. Take the interest divided by that total payment. You tell me what percentage that is. “I’m only paying 3%.” You’re not. It’s loaded heavily in the earlier years. Your interest volume is much higher.

Do you remember when you had your loan documents signed? You had a loan disclosure then you had a closing disclosure. On that closing disclosure, there was an item on the bottom, total interest paid. I’m not against financing. That’s what I do for a living. You leverage and get, but my goal is to have you pay it off sooner. If you look at that number, TIP, Total Interest Pay, that’s the interest you’re paying on the loan. You’re not only buying that home once. You’re buying that home twice then some. I’m trying to correct the item of you buying the home twice. There’s profit and interest, you borrowed money, moving forward, and owning, but you need to buy the home two times over.

Let me show you how you do not need to do that. You’re not sentenced for life to do so. You may sell the home in 5 years, 7 years, 10 years, or 15 years. Maybe you stay in it for 20 or 30 years. Maybe you do. We haven’t seen many do that. The average is about 7 to 10 years. If you’re over average, that’s great. Maybe you hold that lower loan. Your payment structure is comfortable, but are you paying excess interest for no reason?

I’ve had some individuals tell me. They go, “I can’t afford to lower my rate anymore. I need all the deductions I can get.” Let me help you. I’ll raise your rate and increase your deductions and we all be happy. That doesn’t make any sense. I want to make sense of your finances and give you the information you need to make the right decision for you and your family.

We’ll look at the economic news and the timing. We’ll get the best results possible. We’ll look to save you money. I’ve been giving lender credits from my side as a direct lender. I’m helping keep fees and costs down. My goal is to write your loan and put you in the best position for you and your family. We have another segment to go. We’re going to recap a little bit, but I want to talk to you.

If you’re sitting on the sidelines, why? Pick up the phone, at (888) 543-3980. The team is standing by for your phone call. If they don’t answer live, so what? Leave your name, information, and the best time to reach you, or let me know then I’ll get back to you directly myself after the program. My day doesn’t stop. Saturday and Sunday, I’m making sure your needs are met and you have the information you need to make the best decision for you and your family.

We’re approaching the end of 2023. What have you done? Have you updated your finances? We have Marisha Charbonnet who joins us on a monthly basis. We talk about your estate plan. Do you have one? I’ve had individuals that we’ve been talking to and they need to get that done. It’s one of those things you get done because when you need it, it’s too late. You make a decision that you had no idea what it would do until it did like tax ramifications and this and that and adding someone on title. Don’t get me started. I’ve seen people ruin their lives.

You need professionals on your team. You need referrals and partners. I want to help and guide you through that process. If I’m not a qualified individual, I will refer you to other professionals and you make a decision, but you need that information. You do what you do best. I want to do what I do best and what others can do best for you. You need a team. When you have your favorite football team, college team, professional team, or baseball team, you got free agency now in baseball. You need to put together a team of individuals.

One of our free agents, Shohei Ohtani, a great ball player, but his team did not win. With one individual, it doesn’t make the team. You need to assemble a team of individuals who are good at what they do to help you with that common goal. I want to show you that when it comes to your finances, your debt, and your debt structure, but also look at the lending side to see what we can do to help you, your family, and those you care about.

Many of you have had student loans. You started making payments again in October. We had roughly about 29 million individuals start payments in October. The average balance is $38,000. We look at that on the monthly obligations increasing by about $246 a month. Some of you got $246. That’s affordable. Mine’s $500. Mine’s $1,000, but we’re here to structure what can be done for you. The number of student loans with first payments in October was about $132 million with their first payment.

We’re looking at different line items. Some of you have six different line items. Six different student loans. Not just one. I would caution before you consolidate. If you got a federal debt, some of those federal debts can be forgiven after a certain amount of years. When you refinance them and put them into a private side, it could ruin that. I’m not a student loan expert, but you need to make sure you’re not jumping and doing something just because. You need to look at that.

You also have to talk to your employer. Some have individual jobs where your employer does forgiveness of student loan debt and helps with that depending upon how many years you’re there on the job specialty. You want to make sure you have your facts and don’t react just because someone’s said to do so. You need to check. I’d be happy to give you that guidance and input, but you need to do that research.

Increased Payments

We’ve had a lot of people. Forty percent of those individuals are being impacted by those increased payments. Many of the individuals who were not making those payments during the forbearance time period bought a car. Now they have that $246 car payment or whatever that car payment is, or you bought items in goods and put them on credit cards. Now, your credit cards were those payments. All of a sudden, the student loan comes back, “I got both of them.” That’s been the issue.

We’re looking to work the debt structure and work the item so it’s less stressful and less painful, and you can move further down the path, even further than you were before. We’re looking to do that and take care of that together. The average student loan individuals have at least five trade items to student loans because you have them separated.

I warn you about consolidating them and understanding what that consolidation is. What rights you may lose as a result of the previous loan and looking at what you gain if anything other than just, “It’s deep now. It’s under one.” You got to make sure when you consolidate what you’re giving up. There are two sides to it. You got to be cautious. I live in the debt space, the lending space, and the money space. This is what I do each and every day.

I don’t do what you do. When someone could tell me how to do it doesn’t mean I’m going to cut here and perform my own surgery. I have an understanding, but I’m not the professional that can get the job done. I’ve been doing this for several years. I’ve seen a lot of finances. Two of my clients, I’ve had the fourth generation. When I was out of college and I started in the industry, I did their great-grandparents and grandparents.

I went down the line. I did their parents. Now I’m doing their financing. I knew their great-grandparents. They did not directly. I’ve been doing that by looking at finances and items and making sure it’s for the best results, but it takes you to tango. It takes you to send in the information, whether it’s tax returns, bank statements, pay stubs, ID, or the declaration page for the insurance on the properties you own. All of these things matter. If you had a bankruptcy or foreclosure in the past, Social Security benefits or word letters, all these things matter, but it’s me understanding and hearing from you what your current setup is so I can set the best option for you to consider.

When I asked for ten items and someone gave me six, I still needed the other four. Sometimes, when you give me the six, that’s six will, “What’s that?” Maybe I need something explained. If you give me six, I need the other four. If you give me two more, I still need the other two and when you’re giving me bank statements, I need pages 1 through 8. Not one 3, 5, and 7 because you didn’t flip the paper over. If you go online, you get the PDF. That would solve that problem.

Avoiding Surprises

I’m here to help structure, but I can only do with what is given. I don’t want surprises because something will be found not telling me or not sending it. It doesn’t allow us to structure the item properly. That’s what we do and work on together. We are teammates. We’re on the same team. It’s your team and we want to win. I want to be that for you, (888) 543-3980, United Mortgage Corporation of America or United4Loans.com.

During the program, I talked about an opportunity to pay off your interest early and pay off your debt early, interest cancellation. It’s paying at the right time for the right reason at the right amount. If there was a program to eliminate most of the interest in your life, pay off all your debts personal and/or business, and even a mortgage in as little as 1/3 or 1/2 the normal time without refinancing and without changing your lifestyle, would you want to learn more? It’s to learn more, not spend more.

If that’s a yes, I want you to text to (888) 543-3980. I want to learn more. What I like to do is I love to have your name, your number, and email. I want to send you a few things to watch. Very easy. It is at the comfort of your own time and whenever you want to do it. If you like to join a webinar on Tuesday evening, you can email me at Webinar@AheadForMoney.com. I will give you the access to that 6:00 PM webinar. No talking is needed, no visuals, no name and no one’s going to call on you. It’s you getting information. There’ll be many people on the call.

If that time is not good for you, we can set a time individually for you I will then be that individual going over the opportunity with you directly. Still, send to Webinar@AheadForMoney.com. Let me know the best time if you’re not able to attend. Either way, I’m going to send you some links and some information. I want you to review it, and understand it a little bit more, and we’ll chat. We’ll dive in whether it’s 1, 2, or even 3 separate meetings with still no obligation.

We are seeing results. We’re seeing people wiping out $400,000 of interest, but if I told you I can wipe out $50,000 of interest and pay off all your debt 5 or 10 years earlier, wouldn’t you want to learn more? I’m sure you would. Why wouldn’t you? You’re working hard. Some of you are doing gig jobs, second jobs, third jobs, and fourth jobs trying to get money in the door, but you’re losing your lifestyle.

Your new lifestyle is you have none. You’re trying to figure out where it is that you’re sleeping. Where it is you’re taking care of your family with? “Do I still have a family?” You got to look at these items, but I want to show you how it can be done better where you’re keeping your money longer and retiring your debt sooner.

It’s a very easy concept, but you have to watch and pay attention. You got to get your head out of the sand. You got to get out of the fetal position. You got to make a decision that you’ve had enough. (888) 543-3980. Even if you have a loan of 2%, 3%, or 4%, I’m taking effective interest rates below 1%. If you have interest that you’re paying car loan, student loan, or mortgage, even if you don’t have a mortgage, we’re showing individuals without a home or a mortgage that they’re able to eliminate interest much sooner and save money.

We’re helping with future forecasting. “Should I take Social Security now? Should I wait? Should I take it later?” You’re going to see the best structure possible based on the future idea of what this perfect financial GPS does. It’s very easy right at your fingertips. You have training, information, and coaches. You have everything there. We’ll talk more about that, but you have the ability, “Should I buy a car? Should I lease a car? When should I do it? What does that mean to my finances?” You have the ability to put in, “I want to buy a property this 2024. I want to buy a property in 2024 or 2025.”

What it does is it meets your finances timing, what that does, and what it does to your payoff and being debt-free. You have the ability to control your destiny, your direction, and what you can and should and should not do and not do it and go, “Should I have done that?” It’s too late, you already did it. Either you did something good or you did something bad. You’re rolling the dice. You’re flipping the coin. I like to have a red coin and have both sides the same and know what that is so I can always be correct.

I was looking to do some of the stuff and I have been for many years on my own until I ran into this opportunity. I sold a home and bought another home. I took the 26.4 years I had remaining on my mortgage and my mortgage is 2.75%, a very good rate. On my own, I was able to take my debt down to 12.3 years. I’m excited. That’s me living in the financial world, but I’m not necessarily a GPS living on this and making these algorithms and decisions on the fly every single moment and being perfect.

Under the opportunity, it took 12.3 years down to 7.9 years from the 26.4. That additional four point-some-odd years would save me six figures. Why wouldn’t I allow something smarter than me that doesn’t talk back to allow me to save six figures and me not have to figure out what, when, where, why, and how and not even do it the best that can be done? Why wouldn’t I go forward? I did and I’m saving a lot of money. I have the ability to see that daily. It only adds maybe 10 to 15 minutes a month.

Some of you want to be very particular. Maybe you spend that every day, but you don’t have to. Maybe you’re doing that already now and you’re stressing. You got the hand on the head and not sure which one you do first. Some of these people with student loans, start paying their student loans and they stop paying the gas and electricity. Some of them have gone off the grid altogether.

There are decisions that are being made. I want you to have all the facts to make the right decision for you and your family. Call now at (888) 543-3980. I like to send you some information to consider. If you like, you can email me at Webinar@AheadForMoney.com and let me know if you can go to the 6:00 PM webinar on Tuesday. I can get you the invite. If not, I can have a separate conversation and meeting with you and I’ll give you the links and information.

I want to be sure that you are moving your money to the right time, the right place, and for the right reason so your bottom line is better. Your balance sheet should be the best balance sheet possible. Your finances and income statements should be that as well. (888) 543-3980. On the lending side, if you’re considering purchasing a property or you’re in the market, we want to make sure you’re finances are the best they can be as your tax planning still this 2023. As you’re going to look to file tax returns early, we want to make sure you’re in the best setup possible so you can look to purchase.

We’re working with some home builders. We’re working on construction loans. We have some commercial and mixed-use loans going on. We have some multimillion-dollar commercial deals going on that are tied to other items and revitalization projects, but I want to help you, whether you’re buying a home or you’re refinancing your $100,000 debt. You have credit card items and consolidation. You’re putting in an ADU for additional income. I want to talk to you about your plans going forward.

They may not be today or tomorrow, but they’re coming soon in the future. I wanted to look at what you have and understand if there’s a better path. If there isn’t, we’ll determine that together. If there is, you have a choice to make. Stay on the bank’s plan, which is costing you $100,000 or $200,000, or $300,000 additionally, or eliminate that altogether. I want to help you with your money, and I want to get you rich in return. It’s been a pleasure being with you. We’ll be back. Until then, what kind of loan do you have?

Important Links

• United Mortgage Corporation of America
• Webinar@AheadForMoney.com