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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
We are halfway down the year. Fittingly, we are also celebrating Independence Day just as we are continuing the fight against inflation to gain the financial freedom we want. In this episode, Michael Harris helps us navigate through the key days we need to be looking out for. From interest increases and other inflationary effects on the market, Michael covers them today and offers tips and resources to protect you from this constantly shifting environment. Find out the latest economic news and what to expect in the remaining months. Eliminate debt with the perfect financial GPS today!
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It’s your day on real estate radio and I want to know what kind of loan you have. We’re halfway through the year 2023. We made it. We have another half to go. How are you faring? We have an abbreviated week upcoming with Tuesday being the July 4th holiday, but it’s loaded with economic reports, and we’ll go over that.
That may not excite you, but that’s what I do. I take a look at those items and I try to look how we can save you money, depending on where you are with your transaction. We’re talking about saving money. We’re turning up your frequency by turning down your interest volume. Have you looked at your mortgage statement? Your rate might be low, but your interest volume is very loud.
If you’re renting, your landlord loves you. You don’t need that love in your life. It’s Interactive Radio, our number is (888) 543-3980. The last time we asked what your current interest rate was, we had many people with interest rates even in the twos, but we had some that were up in the sevens based upon currently obtaining a loan.
Your interest volume is very high. If you look at that mortgage statement, you’re finding that you’re paying 60-some odd or 80-some odd percent toward your interest on that monthly payment. We discussed that. We got back to many. We went over those numbers. People are digesting it. Not wanting to accept it, but now trying to understand. We looked at the comparison between how much money is going toward interest and principal. That was very important.
The question is if there was a program to eliminate most of the interest in your life and pay off all your debts, personal and/or business, even mortgages, as little as one-third or half the normal time without refinancing. It’s a refinancing and purchase program. I own a mortgage banking company, but I’m not talking about refinancing here. Without changing your lifestyle, would you want to learn more?
I want you to text your answer to (888) 543-3980, yes or no. Throw your name there. I want to address that back to you. I want to get you some information that you can review on your own time. There is no obligation. I’ll get something out to you depending on your answer, but this is Interactive Radio. I’m Mike Harris, President and CEO of United Mortgage Corporation of America. I’ve been in the industry now for many years in the mortgage industry. I’ve been doing Talk Radio now for several years.
We’re here on News Talk 1590 KVTA and on K-Earth 101. You can stream us at KVTA.com or KEarth101.com on our Sunday morning show at 7:00 AM. I’m here to talk to you about your real estate life. Lots is going on with Independence Day here on July 4th, but we have inflation. Fight continues. Now one of the things that I’m watching very carefully as we head into the next months of information is July 12th.
July 12th is going to be a very key day. I’m taking a look at what that CPI report is saying because it’s eliminating June 2022. It’s going to take care of and get rid of that 1.3% increase. We had a 1% increase in May of 2022, and everyone was talking about, “Inflation numbers went down by quite a bit.” We got rid of 1% from the year prior. Even if it was at 0.3%, we gained a lot to build and push down the inflation number.
If inflation is 0.1%, 0.2%, or 0.3%, we’re going to lose another 1% off that number. We may see a high 2% or a lower 3% as the number. “Inflation is doing great.” We’re getting rid of some of those higher numbers to get the average back and how we are looking at the new news coming in. We have a lot of information coming out as I had said. We’re talking about doing items where it comes to the employment numbers and various other items. Much is going on and we’ll discuss that on this program.
My goal is to help you navigate through and get pre-approval for the purchase of a property by obtaining your financial documentation. Reviewing your documentation and qualifying you for a loan so you can write an offer and get an acceptance. Many are saying, “Rates are so high,” but the average age right now of a first-time homebuyer is about 34 to 36 years of age. That’s the median homebuyer. It’s crazy. It’s getting higher, but we got to get you pre-approved. If you’re making a mortgage payment, that’s fine, but let’s see if we can do better. Let’s get rid of that interest volume. If you’re renting, your landlord loves you, and you don’t need that kind of love in your life.
We’re watching what’s going on in the market and interest rates. We’ve been going sideways, so we’re watching interest rates right about the mid-sixes. Depending upon the points or fees you wish to pay, your equity position, and how much down payment you have. There are programs that allow little to no money down. Not only the VA programs but there are programs with the area median income. Depending on your zip code location, we can get loans as little as 0% down.
We want to make sure it’s affordable. We’re looking at your debt-to-income ratio. We want to see where you are on your monthly expenses. That being said, we’re talking about getting rid of the interest volume. Getting a loan, a lot of people are very obsessed with, “I want a loan that has a 4% or 5%. Not a 6% or vice versa.” Looking at that, my thought is what’s affordable, and let’s attack interest. What do I mean?
If we look at the principles of money, we can take advantage of various items, like when you drive in your car. You want to get to your destination as soon as possible. Sometimes, you want to go the scenic route. I understand. You go this way to go somewhere else and you take the long way. That’s great. You have a family outing, but you want to get to your destination as efficiently as possible. That’s what I like to do with your finances. I want to get you back to zero or create wealth as best we can.
Personally, I’ve looked at my own lending and my own borrowing. I had about 26 plus years remaining that I was going to be debt-free if everything was status quo. Life changes and things happen. You plan, you don’t plan for things, then you plan for other things that add in during that time. You can plan for those very effectively using a perfect financial GPS program, but I’ve taken those 26-plus years down to over eight years. You’re going, “Eight years? Eight years, what?” My mortgage is gone, paid, and eliminated. Any other debts are gone and eliminated.
Using the principles of money, a perfect financial GPS. You can navigate through that landmine much more efficiently than you did yourself. You can mimic it or try to mimic it. You can do this or do that, but you’re not going to get all of what you can gain from a perfect financial GPS program. I want to show you how that works.
The goal is I want to run your numbers. We have to have accuracy. We have to have everything coming in and everything going out. We got to make sure we have junk in and junk out and it looks right. What we’re going to do is we’re going to have an initial get-together, whether it’s in person or Zoom. We’re going to go ahead and look at the opportunity, understand how it works and what is the accomplishments, give some examples, and do some demonstrations for maybe about an hour at most.
If you review a lot of items prior, I can send you to review on your own time, some videos, and some other items. It may save a little time but we are not looking to do anything other than in that get-together. At that point, I’d like to have you fill out your information so that the next time we talk, we can go ahead, run our numbers, and find out your debt-free day. We can then discuss it further but it takes you to get started. Not July 4th but on Tuesdays at 6:00 PM, we’re going to have live webinars available.
What I’d like to do there is I’d like to have you register at Webinar@AheadForMoney.com. If you register there, I want to get you out an invite for your own personal seat at the table. You can get more information, as I said, in the overview, and then we can look to have a separate appointment where we can go over your specific needs and wants. You may be in the position to want to pay off debt and this is where you are. Maybe you’re looking to convert debt to wealth and create additional income. We have individuals who own many homes.
For example, we have an individual now who owns eight properties. One of them is now free and clear. We have the route to gain free and clear on many of the others, but during the process, they’re going to be able to add additional doors for additional income. They’re looking to get set for retirement very soon and they’re creating additional income through rental income coming in the door to replace the existing income they have now.
There’s a little bit of a conversion. There are different items that we can do depending on where you are on the cycle. We have other couples who are looking to get started. They’re looking to set money up and have money available for college for their children as they grow up. Private school for some. Some are paying off those student loans and other debts. Those are starting up again in October, so put your eyes and ears to that.
Understand you’re going to be getting a mailer to you letting you know your new payments and new cycles. That is in the news now. We also have in the news now what’s going on with homeowner’s insurance. Homeowners insurance is getting a little bit more difficult to find or competitively to get. We’re going to see on your renewal, perhaps, your premiums going up substantially. I was on a call and I was letting people know, “Check when your renewal is. You may know when that is. Check with your agent. Find out what’s going on and what you can expect. You need to be ahead of this rather than having it slam into you when that payment is due.”
You need to get ahead of it, understand your affordability, and where your discretionary money is every single month. Get ahead of those items in detail now. If you were utilizing a perfect financial GPS program, all your ins, outs, and items are in one location, you have the ability to look at it 90 days in advance, go through items, and do what-ifs and changes. It keeps track and you don’t have to go through the 400-page spreadsheets that you designed in the past.
It may take 10 to 15 minutes a month. You can spend more time on it if you choose, but you can make alterations and changes, and utilize your money to the best of your ability and some. It’s always nice to have someone smarter in the room than you who doesn’t talk back, and that’s what this program and opportunity will do for you. Call us at (888) 543-3980.
I mentioned our question of the day. Text your answer, yes or no, with your name if there was a program to eliminate most of the interest in your life to pay off all your debts, personal and/or business. Even mortgages and as little as one-third or half the normal time without refinancing or changing your lifestyle, would you want to learn more? Text to (888) 543-3980 yes or no. I would like to get your name so I can address you back. It’s going to be me. I am making sure I’m going to reach each and every single individual. I want to make sure your needs and your information are there. It’s all about an education so you can move forward with your real estate life.
I mentioned about economic news. A lot of stuff going on and I watched this stuff. That’s what I do because I want to make sure I’m giving you the best service possible and that is giving you possibly the best timing and advice during your loan process. On July 3rd, we have the S&P, US manufacturing, and PMI. For June 2023, we have the ISM manufacturing coming out and construction spending. We have the markets being closed early on Monday. On Tuesday, markets are closed for July 4th. Make sure you have a safe holiday. Be careful with fireworks and various other items. We’ll leave it at that.
On Wednesday, we have the ADP employment report for June. We have factory orders coming out and the minutes from the June FOMC meeting or the Fed meeting. We have another Fed meeting coming on July 25th and 26th and results on the 26th. Are we going to get another quarter? The Fed leaned on that a little bit. They had four or more thinking over a quarter. They had two of them thinking it would be a two-quarter-point move. We had a couple more thinking, “There’d be three or more moves.” One even thought 1%. We talked about that.
If we go another quarter and another quarter, it’s going to be data-dependent. We’re going to watch what’s going on with the employment numbers. We’re going to look at that June 12th number for employment. As I mentioned, July 12th is a big day. We’re going to see exactly what happened in that Fed meeting on July 5th. On Thursday, we have initial jobless claims, the US trade deficit, and job openings. We have US services, PMI, and the ISM services number. On Friday, we have the granddaddy of them all, the US employment report, the employment rate, hourly wages, and year-over-year hourly wages as well. We’ll digest all of that on July 7, 2023.
As we head into that key inflationary news on July 12th, we’ll have some good information coming out as we complete the first end of 2023. A lot of the Fed moves that have happened over the course of every six weeks in the past will start moving through the economy and through the cycle. We’ll start seeing those reflections in some of these numbers. As we start seeing that, we’ll see if there’s a need for that next Fed move here on July 26.
After that, it comes on September 20th, then November 1st, then on December 13th, so every six weeks. We’re going to keep an eye on that. A lot of people were thinking that by the time the end of the year comes, maybe the Fed would pull back a little, but we’re going to have to see where those numbers are. I’m more in the camp that not much is going to happen as far as that easing part, but we’re going to see mortgage rates, in my opinion, start coming back down a little bit.
We’ll see a five-handle as a front number. Again, your rate will vary depending on your credit score, your equity position, and the type of loan that you are doing. Certain loans have different adjustments or fees that are added depending upon if you’re doing cash out and, as I said, your credit score. We need to look at the adjustments.
My goal is to talk to you early in the process. I want to see what we can do to get your score better and your position better so we can borrow less expensively. If we can get you pre-approved and get you a better result during the process, that is what we do. United Mortgage Corporation of America are approved to lend in five states. We’re approved in California, Colorado, Montana, Texas, and the State of Washington.
We have over an additional 30 states that we’re doing what is called DSCR loans, Debt Service Coverage Ratio loans. If you are a landlord or an investor and you’re buying property, we can look at the rent coming in to offset the monthly expenses. We can look at the qualification based off the property. Again, we are looking at your credit score. We do have a down payment, but primarily, we’re looking at the cashflow of that property.
If you have questions or concerns in any state, I can refer you to other professionals and other markets as need be, where I have connectives to do so. I’m approved to lend conventional, FHA, VA, forward, or reverse in five states, California, Colorado, Montana, Texas, and the State of Washington. I’ve received and went out and did nothing that is anything majorly special but it shows my qualifications. I now have my certificate for underwriting for conventional, FHA, VA, and commercial lending.
I don’t utilize that now to underwrite, but I can. I look at it to put your loan together so I can get it to my team so we can get that loan approved with little to no conditions. We know how to put a loan file together in the best light possible so you can get your transaction done. The last thing you like is surprises. This is not what Gomer Pile, “Surprise.” That’s not what we’re doing here. I didn’t give you the benefit of the imitation there. I didn’t want to do that for radio.
The bottom line, we want to make sure your process is the smoothest as possible. Once you get a home loan, it’s not a 30-year sentence. We want to make sure that is eliminated in the most effective way possible and being affordable for you. Once you’re in the property, I don’t want the deadbolt locking and you’re stuck. I want to make sure you understand what you need to do and what comes with home ownership.
We want to make sure your process is the smoothest possible. Once you get a home loan, it's not a 30-year sentence. Click To TweetWe’ve helped many families get started, but we want to make sure that you do not have any regrets. I want to make sure you understand the process, what you’re doing, the inspections, what’s needed, and everything that goes along with it. I’ve been doing this for several years in the mortgage industry. I’ve been doing Talk Radio for several years helping many families. I got started right out of college, so when I was in my 20s, I was helping people in their 60s and kept on going down and up.
The thing is I’ve had a few clients now in their fourth generation where I’ve met their great-grandparents, grandparents, their parents, and now them. They may not have even reached or met or spoken to their great-grandparents, but I had a financial relationship with them. That’s very special to me as I’ve been able to touch many families and help many families succeed and move forward. My goal now is to make sure these families and you are not affected by what’s going on with inflation and with these high interest rates.
I was looking at the credit cards. Do you know that the average interest rate on a credit card is 26.99%? When you look at some of these equity lines, a Home Equity Line of Credit or HELOC, which is a loan, you’re looking at rates at prime, which is 8.25%. Sometimes, it’s prime plus one or prime plus two. Who knows? You may have a 9% or a 10% as the front number. It’s not as bad as you think.
It’s much better than the credit card average, but on the same side of it, it’s simple interest. It’s level of interest. If you’re paying 10%, you’re paying 10%. I talked about it at the beginning of the show, the beginning of the program. What’s your mortgage statement? What percentage of your payment is going towards interest, 60%, 70%, or some 80%? That’s a little higher than 10%, isn’t it? That’s one of the other principles. It’s utilizing other accounts in order to benefit by shaving off another year or two by utilizing.
You don’t have to be a mathematician, but if something was telling you what you do to the penny at any given point in time and you followed that, it allows you to eliminate interest and attack early interest to get to the meat of the interest or principle that you have. Wouldn’t that be of interest to you? We talked about it. That’s our poll question. If there was a program to eliminate most of the interest in your life, pay off all your debts, personal or business, and even mortgage as little as a third or half the normal time without refinancing changing your lifestyle, would you want to learn more? It doesn’t cost you anything to learn more.
If you do not, it’s going to cost you thousands of dollars. I have a client. It was going to save him over $1,000 a month of interest. He was going to save over $400,000 over the life of his current obligations. He was going to shave currently 29.6 years down to 8.8 years. There’s a huge difference and savings. It’s an incredible opportunity. Go ahead and text your answer to (888) 543-3980 yes or no. That yes means you want to find out more. If it’s no, I understand, but give me your name so I can address you back.
My goal is to address each and every person back and when you’re reading the program, we’re looking to set calendar times and meetings that I can meet with you at the convenience of your time, or we have a Tuesday night webinar. A live Tuesday night webinar, 6:00 PM, out on the West Coast. On July 4th, we’re not going to have it, but starting the following week on the 11th, we are going to have that every subsequent Tuesday. You can register at Webinar@AheadForMoney.com.
I want you to register there. I can get you the invite and I can see you then. I can see you earlier if you want to get started now. We have people saving money left and right. If it’s not right for you, I’m going to tell you it’s not right for you. We don’t need to go forward. You’re doing a great job, but mind you, I also thought I was doing a great job, but I was living about 3 to 4 years on the table. That 3 to 4 years was a lot of money. Let’s see what we can do for you.
We’ve been doing Talk Radio for several years and coming to you on the weekends. It’s our mission to help save you money and make sure you’re making those wise decisions. It’s not the would have, could have, should have, and should I’ve. I want to make sure you have the information prior. If you’re thinking about anything with financing, whether it’s real estate, going that direction. That’s what I’d like to talk to you about. We get a lot of odd calls coming into us about car loans, student loans, and all this fun stuff.
If I can help refer you to the right spot, great, but that’s not what I do. I am licensed in the state of California as a mortgage broker, but also a real estate broker, but I don’t list or sell. I utilize that for lending. I have a mortgage loan originator’s license. I’m approved by my entity and my company, United Mortgage Corporation of America, in five states. I mentioned California, Colorado, Montana, Texas, and the State of Washington.
Over 30 other states, I can do what is called DSCR lending, Debt Service Coverage Ratio for investors, so we can talk about that. We’re doing construction loans and commercial loans as well. We’re also doing right now many reverse mortgages. A reverse mortgage is a mortgage based on the equity you have in your property.
A reverse mortgage is a mortgage based on the equity you have in your property. Click To TweetA reverse mortgage is 55 years of age and older. There are different types of reverse mortgages. Some will require, in Texas, 60 or 62. You have different variations of the program where you have to be looking at certain limitations, but we will take a look at what you owe on the property, what the value of the property is, and then we’ll work up that number based upon your date of birth.
We’ll look at what you have available. We’ll run the algorithm, put that together, and come up with that computation about paying off your existing. Seeing if you have available cash upfront or a line of credit available because you’ve worked hard for your home. Now it’s time for your home to work hard for you. You have equity buried in the backyard. You may consider a home equity line of credit.
Back in the 2008 or 2009 range, give or take, we had some of the banks stop doing equity lines. All of a sudden, they shut down your line. You couldn’t take out more money. What you owed is what you had, and that was it. People were using it for the ups and downs of what they were doing and they got in trouble. When equity line is there as a helpful item, depending on your age and where you are. I’m also licensed for insurance, life, health, and disability.
I’m not necessarily practicing and closing with that every given day but I can help you in that direction. Depending upon that, there are ways that we can utilize insurance for wealth building and eliminating debt. You become the bank. I would like to talk to you more about that. There are many different ways that we’re working with real estate professionals, insurance professionals, CPAs, and people on the legal end, whether it’s divorce attorneys, marriage, or family counselors. When it comes to money, different individuals have different relationships with money.
It’s our responsibility, as I have taken it on, to help people navigate through that process, eliminate debt and obligation, and finish on top. Your favorite sports team tries to finish on top every single year. Only one succeeds. Some will have a good season but they didn’t finish on top. Every year, teams are making tweaks and changes. The Texas Rangers make a trade with the Kansas City Royals. They picked up a 35-year-old relief pitcher, Aroldis Chapman. They think that’s going to help them. They’re looking to make other moves but we have a trade deadline coming in 30 days.
You have teams that are going to make various moves and changes so they can finish on top this year. They’re trading younger players and moving people around because they want to do the last items they need or think they need to do to finish on top. You got some younger teams. They have so many young players coming up and they’re so energetic. They got energy all over the place and the older guys are looking and going, “Oh my gosh.” They’re running around.
You got 20-year-olds, 21-year-olds, 23-year-olds and they’re knocking the ball. Shohei Ohtani is under 500-foot home run. He has 30 home runs before the end of June. That’s exactly the same pace as last time with Aaron Judge, so we’ll see what’s going on. You have people that are making changes. Look what Shohei Ohtani is. Are the Angels a third-place team now? Do they have a chance to make the playoffs? They’re fighting just to get the wild card.
You look at Mike Trout, three playoff appearances over his many years, but he’ll be an Angel based on his current contract for many years to come. It’s twelve more years or whatever that is. As you can see, I like sports. When we look at the sports analogies, when it compares to your finances and your real estate life, when’s the last time you assessed where you are now? Where is your path heading to you? Are you piling things up? You don’t see the direction of where it’s going, and you hope it lasts.
That’s not the right plan. I want to make sure we can be that clarity for you. It may not be a purchase or a refinance now but maybe it’s a refinance in the future. Maybe it’s an additional purchase later on as well. We have individuals who are writing offers. We have individuals who are making a move and buying because if interest rates do come down, as I expect, they will, we’re going to have more people coming into the market, less inventory than we have now, and we’re going to see values going higher.
Some predictable are saying that we’re going to have a 0 % increase in values. Next year, maybe a little over 1%, and maybe the year after, maybe a little over 3%. That’s not negative, but it’s gaining the property that you want to be in and gaining the benefits of that. You’re paying a lot in rent. Have you seen some of the landlords now? They’re putting together three-month leases so they can keep on raising rents. Eventually, that’s going to end where they got to go longer term, but they’re putting people in shorter-term leases so they can keep raising the rents because the demand is so darn high.
You’re throwing the money and for the money that you’re spending, you might be able to have home ownership. Those are the directions I would like to run with you and then I want to show you how you can eliminate the debt once you obtain the debt. The rent doesn’t go away but the mortgage payment can. I can show you how you can become a bank. You can eliminate interest much sooner than the bank’s plan. The bank’s plan is the plan 30 years or whatever the case or the term of your loan. Pay the interest over the life. You’re going to pay your total interest paid. In some cases, it’s over 100%.
If you don’t believe me, we’ll go over it and I’ll show you. I’ve been in the mortgage business for over 30 some odd years. I know what I’m doing. I’m helping people get into these loans but I also want to effectively show you how the best way to get out. You need these loans to leverage and to buy the property you want to be in unless you have cash, but I want to show you effectively how you can pay less by utilizing someone else’s money initially to get in. How about that?
Our poll question, as I said, is if there was a program to eliminate most of the interest in your life, pay off all your debts, personal and/or business, even mortgages, and as little as one-third or half the normal time without refinancing and changing your lifestyle, would you want to learn more? I want you to text yes or no with your name to (888) 543-3980. What I’m looking to do is I want to get you information for your own review and analysis and then I’d like to know what you think about it. I’d like to know yes or no. Would it make sense to learn more?
Mind you, if you’re answering, I don’t know why you wouldn’t want to learn more. Whether it’s for you or someone you care about, a family member, or someone who perhaps is over their head or needs a better plan. Maybe they’re not debt-free, but maybe you are debt-free. Congratulations. Maybe you want to give that gift to others.
I’d like to show you more about that and how you maybe can help others succeed where you have done the same. Over the years, I’ve seen many individuals go from bankruptcies and foreclosures, back to home ownership, and now sitting in loans and paying payments. Now have their children and their children are now looking to purchase. I’ve gone through those cycles. I want to help you and your family to do the same.
As I mentioned, we have an economic short week. On Tuesday, the market is closed halfway on Monday. Some people are taking Monday off but we’re there. We have loans that we’re getting updated and moving forward so we can get loan documents out early in the month. We have others that we’re getting clearance from. We have some reverse mortgages, forward loans, FHA, VA, conventional loans, and a few jumbo loans as well.
We’re working on a couple of commercial loans and one construction loan currently. We have a multitude of items and we have our fingers in a lot of places. With those places, we are gathering documentation. Some loans require tax returns, bank statements, and pay stubs. If they’re corporate returns, we need corporate returns as well, 25% ownership and partnership returns. We’re looking to gather the documentation, then we will go through that documentation and understand what we can do to get you qualified. Find out how much and where your debt-to-income ratio lies.
Others who are self-employed have tremendous cashflow but maybe you have legal deductions from your income and show less on the tax return. We are looking at 1 month, 3 months, 6 months, 12 months, and 24 months of personal and/or business bank statements showing cashflow. Showing the monies coming in for affordability is very much like the debt service coverage ratio loan for our investors. It’s showing the affordability factor and showing how things can be paid.
It’s being able to show the ability to take care of that obligation. We’ll look at the underwriting and we’ll make those decisions accordingly. The less documentation you have, the higher the additional risk, and with additional risk is an additional price. Also, there is a difference between obtaining a loan. Something I like to say is private lending is the best money when it’s the only money and option you have. We’ll take a look at how your setup is and the best options available to obtain that property, whether it’s investment or primary, to make sure it’s affordable.
Private lending is the best money when it's the only money and option you have. Click To TweetSometimes, we can get your loan approved for what you’re not comfortable doing. Be careful sometimes what you wish for. You might get it. We will look to put together a pre-approval so you know what you qualify for, then it’s up to you to obtain that property. At that point, in my opinion, it’s not up to you to stretch and go a little higher because that was the number we had.
We have to get creative. Now we’re looking at buy downs, lender buydowns, seller buy downs, and trying to figure out how to get the rate lower that we just can’t change. All of a sudden, your debt-to-income ratio is tight. We’re looking at alternatives, then you’re not happy. We want to start in the right direction together. Gathering documentation and getting an accurate assessment of where you are, whether it’s a purchase refinance, cash-out refinance, paying off debt, or consolidating before we’re going to attack that debt and pay it off even sooner with a perfect financial GPS program.
Many of our clients, as they walk in the front door, are having them go out the back door with a perfect financial GPS. We are seeing an accelerated reduction of debt obligation and mortgage obligations. As interest rates go down, their balance is lower, and we’re able to lower their rate further and attack even harder. Back in the day, a lot of people, rates go down, you refinance, you keep on making a lower payment. You keep starting over. That’s the term, “I started over.” You’re paying 60%, 70%, or 80% interest again based on the math. If you were paying the same payments you paid before and you lowered your rate, you’d be accelerating that balance.
The thing is you’re playing the game of darts. You’re on the dartboard but you’re not hitting the target. My goal is to hit the bullseye as needed all the time. The right number at the right time for the right place. If you’re interested in getting to zero in the most efficient way possible when it comes to your debts and your obligations, call now at (888) 543-3980. Let me know if you’d like to take a look at some of the information then you can make that evaluation and then we can talk further afterward.
You can answer our poll question yes or no. If you answer yes, throw your name there. The poll question is as we described, if there is a program to eliminate most of the interest in your life and pay off all your debt, personal and/or business, even mortgages as little as one-third or half the normal time without refinancing and changing your lifestyle, would you want to learn more? Yes or no at (888) 543-3980. I’ll get back to you. I want to make sure you have the most efficient information and education possible so you can take care of yourself and your family.
We’ve seen people that become debt-free. The mortgage is gone. They’re free to make certain decisions. Some have bought additional property. Now, within a couple of years, they’re paying off property based on income and money is coming in because that money is not being diverted for the other obligations that they had.
Again, you’ll have your taxes and insurance. You’ll have your water bill, electric bill, and gas bill, but we can then look at the additional discretionary. Money is coming in to allow you and create additional wealth. Eliminate debt, create wealth, and let’s get on the same page. A home loan, a commercial loan, and a construction loan is the vehicle to get you eventually to debt-free or leverage to have additional wealth coming in the door.
I want to make sure we put that together properly and do that together. We understand your goals, where you want ahead, and the track that you want to be on. I’ve been doing this for many years in the industry. My goal is to get your kids through college if that’s your wish and goal and there’s debt-free. I don’t want you to have that $30,000 some odd of average student loan debt that most people have. I don’t want us to have you see a $500 or $1,000 and even, in some cases, $2,000 a month student loan debt.
I don’t need or want you to have to have to cosign. Some of you are looking at your equity line and utilizing that as an item for college and student loan debt. I want to show you efficiently how we can make a difference and eliminate that debt together. We can look at variable income, fixed income, and future income. We can assess and look at Social Security income. When should you take it? Should you take it now, then, or later? What’s the best item based on the dollars coming in? When is it best to be utilized to be debt-free?
We can look at insurance and various other vehicles as well to put that to work for you to eliminate debt, create wealth, and create additional cashflow and income for you now. It’s not only for your heirs in the future. You’re taking care of them and that’s why we do on our other shows. In a few weeks, we’ll have Marisha Charbonnet back from Family Security Law Group. She talks about your financial plan and estate plan. It’s very important that you put those items together, but you need to make sure you are good for when you’re here now, and that’s what I’d like to address with you. Go to YourRealEstateLife.com and United4Loans.com to get started on the lending side.
On both of those sites, you’re going to see our past programs. This program will be posted shortly. You’re going to also see that you can find and follow what the market is doing. You’ll see what’s going on with our newsletter that you can register and sign up to get every single Friday if you choose to, or you can look at it on the site under Newsletter. You can also get information about the market moves each and every day as the market opens.
You’ll look at what is called mortgage-backed securities. As said, interest rates are right about the mid-sixes depending upon what you’re doing on a 30-year fixed. If you’re looking at a high-balance loan, maybe about an eighth higher in rate. Jumbo is similarly about the same, but your loan will vary depending upon your equity and your credit score.
We’ve been able to attack credit scores early. Increase scores to increase or decrease the additional fees you have and save money through your interest rate, then we attack that rate and get rid of it as fast and as efficiently as possible. We look to do that with our perfect financial GPS program. My goal is to close a loan and have each person have this as a companion. That companion will save you money. We’ve seen effective interest rates go down to 0.05%, 1.5%, or maybe even 2%. That’s the effective interest rate after we attack early interest.
If we can get your 4%, 5%, or 6% loan, and we can sit here and gain an effective rate below 2%, why wouldn’t you be interested? I’m going to say something, and everyone is going to call and say, “I’m calling about your 2% three-year fix.” No, I’m not offering a new refinance or a purchase on a 2%. I’m offering an effective yield based upon utilizing the principles of money to take the current mortgage interest rate effectively down below 2%.
We are gaining these results. If you don’t believe me, test it out. Let’s test-drive it together. It’s not going to cost you anything to do the test drive. Let’s do it together. We’ll have a get-together. We’ll have a conversation and understand what we’re doing. I’m going to give you a small homework assignment. We’re going to come back, meet again, and run your numbers. We’re going to show you what it will take for you to be debt-free and how much money we can save you guaranteed on the opportunity.
How about that? I was out in the Irvine. We had a tremendous event. Many people showed up. That was fantastic. We had some individuals step forward and even join in on the opportunity because they wanted to help others and knew many others that they could help. We had some real estate agents and realtors that showed up. They had offices of other realtors. They’re going to now share that.
We’re doing some presentations in front of office meetings, allowing other realtors to show their clients how they can afford to buy property, investors, as well as first-time home buyers, and afford and have home ownership and build equity sooner. You’re bringing that information and education. It gives you a one-up on your competition. We had some insurance agents and financial individuals there. CPAs who are also going, “I’m doing the finances and looking at these taxes. These people are in the interest and they pay in how many years.” It makes total sense.
It’s looking at things just a little bit different. You may not change the direction of the wind, but you can’t change the direction of your sale. You can’t change where you are now, but you can change the end and I’d like to try that with you at (888) 543-3980. It is a call that you can make. There’s no obligation. There’s no reason not to make the call to get good information and understanding. It’s not looking to go ahead and sell you something and sell your information to somebody else. The buck stops here.
I’m President and CEO of United Mortgage Corporation of America. I’m a Certified Field Trainer for a perfect financial GPS money max program. I want to make sure you have the right information for an opportunity that can save you thousands, and you’re going to say, “Why doesn’t everyone do it?” Not everyone does everything. Why don’t you go work out every day? You’re telling me, “I do.” Great, you do. Just because it’s the right thing to do doesn’t mean everyone does it.
Just because it's the right thing to do doesn't mean everyone does it. Click To TweetI want to show you and make your own opinion. I texted this information to somebody and they said, “I don’t believe you.” I go, “We’ll take a look and we’ll talk further.” This went on throughout most of the day and they looked at the item. They got back to me and said, “When can we start?” I go, “We haven’t fully gone over it.” “I understand,” and I go, “I want to make sure you understand better. Let’s get on the call. Let’s do that.” We did that and we were done.
It doesn’t always happen that way but this person saw it once they reviewed some of this information. That’s what I like to send you so you see that then we can make that decision together. It’s your decision, but I want to help guide you through that in the best way possible. Let’s go back to lending. If you are looking to purchase and you need to get pre-approved, you filed your tax returns, got your income, got your half-year income now, and you’re looking to see what it takes, I like to go over that information and set you up, whether it’s this year or next, and get you pre-approved.
I want to see it based on your down payment, what you’re looking to do, whether it’s FHA or 3.5% down, your credit scores have room for improvement, and what we can do to help put you in the best place possible for your goals and decisions. We have some individuals who are doing 1031 exchanges, selling a property and buying another. We have people who are moving around in different states. We can help with that to some limits and refer to others. We’re referring people in markets that we aren’t doing lending. We’re also reviewing a lot of loan estimates that are being given by others. Sometimes, they’re a little bit out of whack, and I want to give you information about what you should do and what you can do to help get those better.
Maybe put a little light on that for you. We’ve had people save thousands of dollars just because, and then all of a sudden, they get a new one, which bothers me in some respects because it means they knew they may have made a mistake and were trying to get away with something. Again, I want to make sure your money is being spent properly.
I’ll review loan estimates, no problem. We’ll review closing statements, but that’s a little late in the game. It might be right before you are ready to close, so we can still give you some insight, but it’s more difficult to change that. Months ago, we had a gentleman who was tuning into our program. He had a statement. He was ready to move forward and locked in the loan.
It was a purchase. We ended up saving him almost $6,000 at the close. There was a lower interest rate over the monthlies and everything was much better. The cost of the loan was cheaper, and he was told there was nothing better to do. We ended up closing it in two weeks. It’s all about your money. It’s keeping that money with you. I’d rather get that done for you. If you’re a happy individual and referring me to other individuals, family members, friends, or colleagues at work, then I’m going to be here for the longevity that I’ve already been before.
My goal is to be here much longer. I’m glad you joined us here on News Talk 1590 KVTA and on K-Earth 101. This program is all about saving you money and it’s making an effective process. You do what you do best. This is what I do best. I want to be on your team. I want to be your teammate. I put numbers in the middle of my desk. You may push them off to the left or the right or off your desk altogether. I attack those numbers and they don’t make me fearful. I want to make sure you have the right options, education, and the right results. Until the next episode. What kind of loan do you have?
