Inflation Lingering, Fed Officials Singing

• February 17, 2023
• realestate
• Podcast

Inflation is here to stay, and Fed officials are singing. Tune in as Michael Harris breaks down everything you should watch out for to secure your finances and finally get rid of your debt as soon as possible. He talks about what to expect from the upcoming Fed meeting minutes and his findings on the recent property trends across the country. Michael also talks about his perfect financial GPS program that will help you take control of your finances, the benefits of reverse mortgages, and how to ensure your money stays in your pocket and nowhere else.

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Listen to the podcast here

Inflation Lingering, Fed Officials Singing

I ask you, what loan do you have? I’m always happy to be here to talk to you in our market in Ventura County. We are here to get results when it comes to your real estate life, making sure you have the right financing, you’re handling your debts responsibly, and eliminating interest as fast as possible without changing your lifestyle. Many of you reading the program have interest rates of 2%, 3%, 4%, or maybe 5%, and the 30-year fixed rate is now breaking back into those higher fives.

I anticipate mid-5s to low-5s maybe by year-end. Now, you’re in a position where you’re going, “Why should I refinance? I have a great rate.” What is your need? Do you have expensive credit card debt? Do you have credit card debt at $12.99, or is it $29.99? How much debt do you have? What are those interest rates tied to those obligations? How are you handling that minimum payment? Is that minimum payment a lot higher than what it would be if we consolidated?

If we are considering all the numbers and we’re able to lower your monthly outlay, make it more comfortable, and be in a position maybe to lower your rate at a later date but also handle your debt fiscally and more responsibly, that’s what I’d like to talk to you more about. I’m the President and CEO of United Mortgage Corporation of America. I’ve been in lending for many years. I’ve been on the radio in Southern California now for a couple of years.

I come on the show talking to you about different loan programs that are available that you can benefit with based on qualification and need. We also talk about fiscally handling your responsibility in the best way possible. I’ve elected to partake in an opportunity that’s taken my obligations. Although, I was looking and doing things to help pay down my debt sooner. My obligations include a mortgage. I bought a home a few years ago. I sold my home and bought a new home and even refinanced that. I’m sitting at 2.75% on my home loan. Great rate. Not looking to refinance, but what can I do to eliminate that interest? Have you looked at your mortgage statement and understand that your roughly 64% to 82% of your payment initially goes toward interest? The other part is principal.

You’re paying more interest initially, then later in your loan if you have less than ten years left, you’re oppositely doing more toward principle and a lot less interest. It’s skewed. It’s amortization. A Home Equity Line Of Credit, a HELOC, is leveled interest going across. If you’re at seven-three quarters or 8%. It’s 8% across all the time. If you have a home loan, own that loan and have five years, you might have an effective rate of over 60%.

Over the life of the loan, you had that low-interest rate, but it was skewed heavily in the early years. I’d like to take this opportunity to try to show you how to wipe out those early years and start getting into those better years sooner, letting you be in charge of your finances, making you the bank, you saving money and interest. The opportunity I’m talking about is your own financial GPS, a money max account. I only need a checking and savings.

There are eight principles I’d like to share with you. If you want more information, send an email to me at Radio@United4Loans.com. Ask me to send you three links for you to review. I want to know your opinion then we can set a time to discuss it further. I’d like to eventually get your numbers and show you what the opportunity can do for you. My loan, which maybe has a little over two years in now, so 27 years remaining, I will have that paid off in less than ten years. All of my debt. I have my monthly items, my gas, electricity, and water. All those fun things will come in. They don’t go away, but my debt will be paid off in under ten years. Let me show you how you can do the same.

Tremendous Results Over The Year

I’m glad to be talking to you about your real estate life. We’ve seen tremendous results over the years, with individuals saving money on interest being paid. Under the hospice of the program, we have about $8 billion under management, and we’ve seen about $2.5 billion in interest go away. Again, it’s a large amount of money. Any percentage of that is good. I’m slated to save about $214,000 in interest. Any part of that is good money.

The fact that it’s that much is fantastic, and I’m excited about it. I could try to do some of that myself and get an aneurysm doing so. I could probably get close to saving in the neighborhood, but I’m not going to save all of that by making the right moves on the right day to the right movement to the right this and the right that.

This opportunity allows you to securely log in. Your account numbers aren’t there, just your data, your information that we put in, which is the income that counts. What it will do is it will show you for the next 90 days daily what it is you need to do. You make the payment to the waste management and the water bill. You still need to make your payments, set up automatics and, write checks and do whatever you do, whatever the case may be, but it’s going to tell you the best day to make that payment.

On a simple level, if you gain a bill that arrives in your mailbox or online and it says the due date is March 3rd, why would you pay that sooner? It’s free money until that time. Now, if your money is sitting at 0.1% or sitting at 0%, then there’s no benefit. If your money is earning 3.7% sitting in an idle to count, which can be done, I can show you how that is very easily. You can set that up right away online.

You have the ability to park that money and make money on that money, which is going to earn you some of those bills by the savings and the money that it’s earning. You can make money on your money, borrow money, pay no interest for 30 days, and take care of those items that are charging you interest so you’re not having to pay. It’s double-fold. Once you start eliminating these items, think of a compound interest. The thing that everyone told you about is, “You put a dollar today, a dollar tomorrow. It keeps accumulating, or you better off.”

Think of the opposite. That’s what will eventually occur. You have the ability to keep on the same budgeting, and now you’re taking care of more items, but it’s effectively handling that. That’s only 1 of the 8 ways that you’re saving money. Some of you also have a home equity line of credit. I don’t want to get too complicated. I would like to show you the illustration myself, but you have the ability to use that simple interest home equity line and probably shave another year and a half to two years off your mortgage.

I’d like to show you how to do that. There are a lot of rules, abilities, techniques, and money areas that I like to share with you but have a perfect financial GPS that directs you throughout the process. You would have support and information, and you own the program. It’s yours. Any updates, any items, change in rules or laws, and any updates to the program, you’re not paying more for it. It’s very interesting.

It’s something that I look back, and what would I have done differently? For me, I love numbers. You may not, but I do. It’s something that I look at and find challenging. I try not to outsmart but I try to make some decisions and see what the item is stating and asking or doing and transferring and moving things. I try to see, and I put some proposals in, then it will recalculate. I could always eliminate that choice and go back to what the direction is.

When you have a navigation device, and you make the wrong turn, it will recalculate and get you on another path. You have the ability to put in unbeknownst items. Let’s say you have a car issue or you want to go on a vacation, and it’s costing you such and such. You can look at the difference between putting it on a credit card or having the program allocate funds accordingly to have enough cash available in order to pay for that vacation rather than financing it, depending on the length of time you pre-program that. It can allocate accordingly.

Once it allocates and pays that, then it has the resources to start accelerating the other items that you may owe. It’s also looking at all the different things on interest rates and items. It’s making all these decisions and running 1,000 algorithms at one time. It sounds like a big headache, but that’s what computers do. Back in the day, you decided you didn’t want to hand-do the calculations. You bought a calculator.

This is better than that. It’s very sophisticated, and it’s not difficult to handle or work. The thing that I like is you can have both spouses involved. One spouse handles the finances. The other one doesn’t want to do it, perhaps, but you have the ability to take on. All you need is the login and it tells you what you need to do. Everything is there and shown. It’s a perfect way to take care of some of the hardest things that are done.           

We’ve had individuals who’ve had money come between them and understanding what to do, and now they’re on the same page, and everything is a lot better. It’s a different understanding of money. Let me show you how. All you need to do at this point in time, Radio@United4Loans.com. Say, “I want you to send me the links so I can review.” Throw in your name, maybe. I’d love to get your phone number. I’m not going to harass you. I’m not selling your information to anyone. It stops with me.

I can send you a link to the phone number through a text, or I can email that to you. You review the three items. It’ll take you maybe ten minutes. It’s not much. Let me know what you thought. I can then send you a couple of quick examples. You take a look at those, then I’d like to set a time to get your numbers. I want to send you out a spreadsheet so you can give me your numbers, I can input them, and we can go over them together. Still no obligation, just information.

Let’s do that together. You have nothing, no reason why not to with not saving more money. I’ve not had one individual who has not saved money. Some saved up to $1,437 a month. Some of the savings is incredible. When I told you I’m saving over $200,000 on my opportunity, I want to show you what you can do as well. Many of our past clients have stepped up and done it. I’ve sent out on our newsletter that I do on a weekly basis. Many have inquired about it.

I’m going to think a concerted effort to reach out to individuals that I feel still can benefit with debt and structure, but anyone that has done a home loan in the past can benefit, even if you don’t own a home and you’re renting. We’ve had a young lady who is renting. She had obligations and various things that she had like credit cards and things that she owed up to the tune of $85,000.

She was slated to pay off everything at 15.3 years. Under the management of this program, her following the direction of the program, not earning additional moneys, but under her current lifestyle, she was going to pay everything off in 3.4 years. I want to show you how you can save money. That’s your money you worked hard each and every day. It would be nice to have some extra money to set aside, whether today, tomorrow, or in the future.

When you’re looking at 15 down to 3, not a long time to wait. On my end, under ten years, a lot could be done then. Mind you, I bought a new home in my 50s. I’ve doing this for many years in lending. I’ve seen all the items from people getting started to the middle to now tailing, finishing, paying off, moving, or relocating. I’ve been there all throughout the first loan to the last loan to the reverse mortgage.

I want to help you navigate and be in the right spot with the right opportunity. I want to be your resource that you turn to when you need valuable information. When you’re looking to buy a property, I don’t list and sell. I refer you to qualified realtors in your market. I could probably give you a few so you can have a choice.

If you don’t have that key person, I can help with that referral. I want to make sure your transaction closes on time with the right negotiation and the right loans and timing. You can marry the home and date the rate, but I also want to help you divorce the debt. I’m going to put you into that debt relationship to leverage to buy the home if you’re not paying cash. I want to officially get you out of that relationship as fast as possible with the cheapest way of doing so.

Watching The Markets

Let me help you with my expertise on both sides. We’re going to be watching the economy and markets. Nothing on the 20th there. We’ve got President’s Day. For my birthday, we always get that holiday, so I appreciate that. On the 21st, on my birthday, we have existing home sales for January. We have the FOMC, Federal Open Market Committee meeting minutes coming out from that 31st first meeting.

We’re going to see what it’s called the dot plots and some other things going on. We are understanding that quarter increase and where we’re leading to the next quarter’s increase that may occur again on March 22nd and, potentially, another quarter on May 3rd. We’re at seven and three-quarters. We’ll go up to eight, possibly eight and a quarter on the prime.

The prime rate, a lot of you have home equity lines of credit that’s tied to, but that will also affect you when it comes to the car loans, the finance rates, and variable rate loans. Some of you still have a loan that was a variable, and it’s tied to an index. When that index has been starting to rise and you have a margin that’s attached to it, your interest rate will be going up on the adjustment.

Understand on your loan, if you have a loan that’s tied to an index, make sure you know when that adjustment is because you might be having a good-sized increase to your mortgage payment. That’s why I like to talk to you about moving sideways or perhaps moving down before that adjustment occurs. If you want me to evaluate your current statement, I can do that to understand the loan that you have. You can send that to Statement@United4Loans.com.

If you want to get information about your property or a property you’re looking to purchase, I can run a profile to that property and understand the value range, the low, the mid, and the high. The lender’s view is kind of about the mid-range now. In the past, it’s been a little bit in the higher range. I can run a ten-page report and get that out to you for review. If anything, it’s giving you a benchmark of where things are now, and you can check back in next quarter or next year, and I can run that update for you.

Client’s Story

I want you to have the resources available to understand where your property is and its value. Sometimes, it leads to some lending decisions. We had an individual. I was on the phone with them. He thought his value was at the number. I got the address. We ran it and it’s still showing. It’s a little higher than he had thought. He made extra money just by calling now. He already had it.

The bottom line is we had extra space with his loan to value his equity position and we’re able to consolidate more expensive debt to save them money to move forward. Before, based upon what he thought he owed, he thought he was in this box. He didn’t have enough equity to take care of something, so he was making payments and not getting anywhere. He was all worried and stressed about it.

Now we’re in the process of being able to eliminate the more expensive debt for less expensive debt and improve his credit scores because his credit usage is better and then put them in a better position for later when interest rates will be a little bit lower to even gain more money on top of what he’s gaining now. Most of all, he’s getting peace of mind because he doesn’t know what and where. Money isn’t really his thing.

He’s more of the creative side. He has to live in that space, but he needs to have a better path. We’re also working with him on the financial GPS program to put him in a position where he has a great foundation going forward, eliminating debt sooner rather than later, having the right path and less complication going forward. We’re looking to put him in a much better position. The worst part about it is he mentioned to me, “What do I do with the extra time?” That was his big problem because he spends so much time stressing, working on it, and trying to figure out what to do. All of a sudden, if all that’s gone, he was asking what he will do with the extra time.

He may have been joking, but it does come up. You can enjoy time and spend time with the family. You could do various things. Start that hobby or continue a hobby that you haven’t had time to do. There are a lot of things that you can do or just relax. Maybe you have to go get help to figure out how to go relax. Sometimes, solving people’s problems is a problem because they have nothing to complain about or have a problem.

I tell people at my office, “I like solving issues and problems.” I make sure no one else does have them during the process and things that are in. That’s my forte. I make sure those don’t happen, and they’re not out for everyone to deal with because I want to make sure everyone has a comfortable process. When everyone is celebrating, and everyone says, “Everything is great,” my office knows. “Make sure I’m okay because I don’t have anything that I’m working on that’s a problem. If everything is good, then I have a problem.”

It’s that running joke in the office, “If all is good, Mike’s got a problem.” I’m going to usually drink catastrophes. When everyone else is in a panic, I’m usually calm. It’s afterward that it hits. I’m an after person. I always watch that and understand that. You start learning how you react to things, tragedy, or anything else. I’m usually good during a crisis. Hopefully, we don’t have a crisis. We just have an item to solve, but it’s not a crisis. I try to avoid that crisis for you. Give us a call at (888) 543-3980. Our website is YourRealEstateLife.com. You can get started in the lending process at United4Loans.com. I like to send you a few different links to review regarding your own financial GPS navigation system.

I can easily send you that via text or via email. You can send your request to Radio@United4Loans.com. You can also text at (888) 543-3980. I’ll get that, but I want to make sure I have the phone number. If it’s a text number, I can get out that link to you just say, “I want to get the links you spoke about, or send me the links,” and I’ll settle for that. I may not have your name. If I can at least get your first name so I can get that email or text out to you comfortably, at least label it, not just have a stray number. I always want to be organized. That’s a way to get to me. It’s my bugaboo. I want to make sure I know what and who I’m sending out to.

It’s about saving you money. I only need about a few minutes of your time to go look at it. Easy to watch link video. That’s it. All you have to do is do that, and you will be saving money. No obligation. (888) 543-3980 or Radio@United4Loans.com. We’ve had a busy month so far. We have individuals that are stepping up buying/purchasing low down payments, FHA, VA, and conventional financing. We have some construction loans we’re working on. We have a couple of commercial properties tied to energy and solar. We’re working on that as well, but we’re doing much for many, and I want to do that for you.

We’re here each and every week on this station. Every other week, also on Sundays, on K-Earth 101. You can read our program by going to our website at United4Loans.com or YourRealEstateLife.com. All of our programs are posted there for review. Several years’ worth of programs that I was able to capture on the site are on the radio now. We have some lost episodes. Back then, they used to give me the nice little circle, the CD. I have them all that way, but I didn’t convert them to go anyhow, but I have all those archive items.

Now I have that many years. I don’t want you to go binge-read. You can have your very own program. Pick up the phone and call us at (888) 543-3980. I know many of you listen read the end of the program, and that’s great. I appreciate you being there, but if you have what you need or have a thought, pick up the phone now. Make sure you’re there. If the team does not answer live, I will be calling you back directly myself. I will touch back with you regardless.

I want to make sure your questions are answered, you have a solution to potential problem, or I can provide you the financing you’re looking to achieve. Many of you have a great relationship with your existing or a new or referred lending advisor. That’s fantastic. I love the fact that you have a qualified individual, but sometimes, it’s not what you may think, and it’s not always. I want to make sure that your estimate is valid, and you’re getting the best result, especially if rates were getting better.

Your Savings Must Go To You

I want to make sure you get the better and not the same. I want to make sure that savings goes to you. It’s always difficult when rates are going down because if you’re happy, then you could be even happier, but it’s out of sight, out of mind. I don’t want you to lose on that end. Near the end of the past year, we had an individual who was going through that same item, and he was down the last two weeks of his escrow, and rates went down right before Thanksgiving.

It was about a $6,000 difference and the rate, on top of it. That money was his to save. The lender, with no fault of their own, had locked in the loan the day before that rate decrease that occurred. They were saying, “It was only one-day item.” It did stay. I had to pick up, or I didn’t have to, but I wanted to. I picked up and started on a Saturday. Disclosures on a Sunday and back on a Monday. Approval later that day. The appraisal is right after Thanksgiving on a Friday. We had loan docs out the next week. We closed on time beginning of December.

I look at it from the other angle. I understand the market situation occurs, but that’s where the differences between being comfortable and working on your behalf. My job does not stop until your loan closes. Based on timing and on the time effectively available to close on time on a purchase or, in some cases, a refinance where the timing isn’t as urgent. I want to make sure we save as much money as possible. There are times that I wait an extra day as I’m watching market indicators, and I get more money for my client, even though I could have locked that same day, and we could have gone forward, and they were comfortable.

I wanted to over-deliver. I try to do that on every single loan. As much as I can, I want to make sure we get the best position in the market based on future ideas and thoughts and what it is you are looking to do. We then make those decisions for down the line as well. This is not about a loan today or a loan tomorrow. I don’t want to do your loan over and over again for no reason. We want to make sure the cost and the numbers make sense, and we have the plan to save you money, whether it’s limiting debt now then doing a loan later in a different timeline that makes sense or no loan at all.

Maybe pay and handle your debt more responsibly by opening your eyes to another way to do so to eliminate interest, payments, and numbers that you’re paying now for no reason. Let me help you, and let me guide you to what is possible. It’s an easy number to call (888) LIFE-980. If you make the call, it costs you nothing to make the call, but if you don’t make the call, it could cost you thousands of dollars.

Perfect Financial GPS Program

I utilize the opportunity of a perfect financial GPS program. They will save me over $200,000 in interest. It gives me peace of mind that I have something smarter than me, telling me what I need to do each and every day and the day that I should go do it. It’s easy for me. I can go get a bill and say, “I got the bill. Let me write the checks,” and mail it out or go ahead and pay it online that day. Why would I pay on that day when I should pay it further down and take the money for free for the extra 30 days that it is?

It’s the individual also who makes the mortgage payment on the 30th for the first that it’s due, but it’s not late to the 15th. That’s not a 30-day late, people. That’s the end of the month. That’s avoiding the little late fee on your statement. I have an automatic payment that comes out on that last day. It gets boomed right in that same day. It doesn’t take time to travel. It’s not a bill pay. It’s an ACH. It happens that day.

There’s a difference between someone who has bill pay on their bank account, and it takes four days and leaves seven days and all that days to do. Now, you can do it that way as well. We program it seven days earlier, and it’s not out of your account until roughly close to that time, but we understand, and we work that through.

I’m going to help you with the process. There’s full-time customer service, very friendly, walking you through the process and understanding. It’s not difficult. I do this myself. Let me show you how you can save money. If you’re looking to purchase, I want to get you pre-approved. If you’re looking to refinance, let’s look at what you have now and what it is you’re looking to do, whether you’re making an addition or paying off debt. Why is it that you need to refi? What’s your why? I want to know.

I want to know what makes sense. I want to make sure you’re not hoodwinked into something that you shouldn’t be doing and to understand what it is and why and in command of that answer. This way, you know when you should be okay. It’s all about getting the right information. You do what you do best. This is what I do best. It truly is. I can’t pretend to do your job. I may think I know, but I don’t know the ins and outs as you do.

I try to stay in my lane. I try not to go over my skis when it comes to making decisions and ideas. I may have some thoughts, but you have to be open to direction from an expert or someone who does what they do. I do what I do, which is lending money. It has to do with interest rates and the economy. I want to help you, guide you, and give you some insight into working with the other professionals that you have on your team. Whether you have a financial planner, CPA, or estate planning attorney. If you don’t, you have to be talking to Marisha Charbonnet.

She’s going to help you with that. Having the right insurance and right coverage, making sure you’re set-up, and if you have college funds, you’re looking to do. My goal is to get you the lowest common denominator and money out so you have the ability to do the things that you want to do. I’m all about saving you money, whether you’re going forward or in reverse, or you’re in construction or commercial, or you need an ITIN loan, a taxpayer identification loan, or doing an investment property, which is a debt service coverage ratio loan because your rent is covering your mortgage. I’m here to help.

We’ve had a very busy program, but the cooks of the whole program are saving you money. Efficiently handling your current obligations to pay them off as swiftly as possible without changing your lifestyle. I like to show you how you can take care of your obligations and a third or half the time without changing your lifestyle or needing to refinance. It sounds easy, and it truly can be. If you have $50 or a hundred dollars a month of discretionary income, even if you don’t, you have savings, and you have extra money there.

We can show you how you can eliminate interest. Expensive interest now and start knocking down that principle much sooner. You don’t need to fully understand, but be open to the concept of money. I would like to send you three video links to review. You may need 10 minutes or 15 minutes of time. Review them on your own, then let me know if you like to find out some more. I want to send you some examples of that same amount of time.

At that point, I like to set up a time when we can meet online. I want to go over these items with you. I want to go ahead and explain them further and answer any questions you may have. At that juncture, I would like to send you a spreadsheet that you can provide me with your information so I can then input those items and show you how much money we can save together for you.

I mentioned it, and I shared it. I’m saving over $200,000 in interest utilizing this opportunity. I like to show you how much money you can save so you can make a decision of your own. I’ll walk you through that journey no strings attached and no obligations, but it takes you to get started. You can send your text to (888) 543-3980, call the same number, or email Radio@United4Loans.com.

All you need to do is say, “Send me the links,” and I’m fine. I truly am. If you would like to give me your first name, that’s great, so I know who you are. If your email doesn’t distinguish that, your phone number would not. The first name is great, and the full name is fantastic. I want to send you that information, and I want to know what you think.

Is it for you? Saving any money is for anybody, but it’s all being open to the concept. There is a guarantee you follow the program, you will save. We’ll discuss that further, but now, I’m in conversation or in the process, and we’re reviewing. We’re sitting with nine dozen individuals. We’re about 110 deep. All these individuals are saving a lot of money, and the interest is phenomenal.

Some of them are positioning themselves to be in a better position to purchase. Others are lowering their obligations to improve credit scores. Some are investors who are looking to buy more doors to allow them to earn additional rent and income. We have some that are paying off mortgages in four years on the rental side because they have rental income also coming in. There are many things they can be done.

I like to share your unique situation with you. I want to show you how you can eliminate this interest. I talk about amortized interest and simple interest. I’m not looking to give you a degree in finance, but I want to show you a simple item that you can log to that tells you what day and when to do things. It’s putting the right items in junk in and junk out. I want the right end to get the right out.

We’ll go through that first month once we get started, getting through the billing cycle. Make sure you don’t forget any of your current monthly items so we can itemize rather than categorize them in a lump sum. I like to itemize. I like to be exact. I will look to help you and set that up with you as I’ve done for many already. Watch the numbers work for you, the savings, and the ease of handling that billing cycle that you dread doing probably every single month.

You have the method that you use, and I respect that. If it’s worked for you, that’s great, but take a look at this and see if perhaps it can help or be better. There’s no obligation. My program is always been about education and information. This is that (888) 543-3980 or Radio@United4Loans.com. If you’re active in the real estate market or looking to get approved by a lender. We are a direct lender. We can close in our name. We can also choose to broker as needed.

I can do a forward loan, reverse mortgage, conforming, high balance, and jumbo loans. I can do commercial and construction. There are specialty loans, which are non-qualified mortgages that utilize bank statements, cashflow, and asset depletion. I can also do private money financing. We have Outlets that will be doing that also, as well as bridge loans and loans that your home hasn’t sold but you’re looking to close.

We can cover that gap in between. There are a lot of specialty loans and items that are available. On the reverse mortgage side, we have some reverse mortgages that can go down to 55 years of age. Traditional, 62 years of age. We have loans that are in between. If you don’t have quite enough equity, we can do a combination for ten years. You make a partial payment to then have a true reverse after that timeline.

Higher Interest Rates

You’re subsidizing rather than coming in with a large lump sum because your age may not be as advanced, or your equity may not be as great. As we’re watching interest rates as they had gone up, the reverse mortgage has gotten a little bit tighter because the interest rate was higher. With a higher interest rate, it evaporated the equity sooner. Thus, you have to have more equity in the property to qualify. To find out more about a reverse mortgage, I would like to hear from you. I want to get your date of birth, the property address, and how much you owe on that property.

I’m going to run a report, find out the value range of the property, figure out the equity position and use the data birth, and figure out through the actuarial tables what it is we can do for you and what’s possible. Once we have that discussion and we’re all happy, we also then need to get what is called counseling completed.

The counseling is done independently. Once that’s done, on day eight after the counseling day of the certificate, we can then open up the escrow, order the appraisal, and move forward toward a close. Now, there are some recent changes in California. We’ve had the funds available where the counseling was being subsidized at the end of March. I believe March 31st. That is perhaps going away from what I understand.

We’re getting a lot of counseling done now. Prior, it’s saving like $120. It’s not life-altering money, but every sentence counts. If I can save you $120 and get counseling done, it would be good for six months. We’re good until September. The reverse is in your time slot and mindset. We want to get that going and get the counseling, so be ready to make the decision. I had a few individuals these past weeks who I talked to. They’re ready to go.

Now, one was very close based on the equity position they had. Where they are with their property, the value of the property has come down a little bit. All of a sudden that tightness became a little bit missing. Timing is very important when it comes to making decisions, depending on your marketplace and the comparables that are out there. We’re going to keep a watch to see as things are closing and things stabilize.

Maybe as interest rates go down, there’ll be a little bit more activity, and maybe the value will come back. We’re going to watch that carefully for that individual. I was very disappointed that I wasn’t able to service or help, but I didn’t feel like throwing an extra $20,000 to make the deal work. It wasn’t the right time at this point. I’ll give you that advice. You’re free to make your own decision, but I’ll also play the other side and tell you why perhaps you shouldn’t.

It’s not all about moving forward. Give us a call at (888) 543-3980. I like to be that friendly voice in the mortgage business for you, giving you information regarding your current, things that you should be doing, and ways to make the interest go away faster. Maybe it’s bettering that interest rate, but maybe it’s sitting tight and understanding when you make a move. Evaluating your current debt and finding out what is your average rate you’re paying based on your other obligations.

Maybe it is getting a home equity line of credit. If we can look at getting you qualified and getting that done. I would have that in position. Even if you’re not using it, I’d rather have something there than not there at all. We could talk about the pros and cons of that and how you can utilize that also to eliminate interest in debt and have it as a useful tool. Start using it on your own. You always want to make sure you understand how to use the tools effectively.

It’s like getting that big power tool and saying, “This is great,” then it’s overwhelming. As I get older, I realize my mind’s writing checks and my body can’t cash and, “I can do that. I don’t think I should.” You realize that tip. Let me see if I can help you with your financial numbers and make them look good and better. When you’re talking to your financial planner or your CPA now. It’s tax season. I know some of my tax returns have already been filed.

Property Trends

Those are getting started, whether it’s a corporation or personal. Those are now being accepted again. We’re in that window. Make sure your stuff is in order, but I want to make sure we’re putting you in the best position possible. I was looking at some of the property trends, and I mentioned them in the episode on the program. We were looking at various markets and some of the predictive.

They’re talking about the markets that are looking to potentially decline as far as how fast. It was interesting in going through these numbers, but it was Austin Texas. They were leaning out a little over 15% with San Francisco under 15%. I’ll go in order, San Diego, Phoenix, Denver, Seattle, Tampa, Las Vegas, Portland, Dallas, Boston, Atlanta, Charlotte, Houston, Washington DC, and Los Angeles.

Los Angeles was slated at about 7%. They’re thinking, at the most, maybe a 7% decline, which isn’t 15 or 20 that some people are talking about. After Los Angeles is Detroit, Chicago, Saint Louis, New York, Philadelphia, Baltimore, and Miami. Once you got roughly to about the New York level, it was almost break even. In fact, Miami has it increasing still by about 2% to 3%. Depending on where you are in the market, you are fairly stable at this point.

You had a huge move high in 22 that came back a bit. What you did was year over year, you didn’t lose, but you lost what was going on in the middle of the year. If you want to get an idea of where you are from the lender’s view, I can run a report and send that email to you, Report@United4Loans.com. All I need is the address of the property, and I’ll email to you a ten-page report. I don’t even need your name and your information. It’s up to you.

I want to send that to you so you have a better idea of where things are from the lender’s view. There’s a low, middle, and high. In this market, that mid is about where things have been coming in. Months ago, it was getting close to the high when people were bidding up. I want to give you an accurate representation so you have an understanding, and I can do that to you. No obligation. My goal is to help you with your next home loan, whether it’s your friends, family, or relatives. I want to help you look good, and I want to look good for you. I want to make sure you are in the right spot to pay off debt sooner and having the right interest that you’re paying. If you’re paying a low rate now, that’s fantastic. Let’s talk about any other obligations you have.

If you have an obligation, I want to show you how you can accelerate it. I’m at 2.75%, and under the opportunity I’ve been talking about, my effective rate is going down to 1%. It’s not a refinance or a new loan or debt consolidation or debt forgiveness. You contracted for the money you owe. You owe it. I’m just trying to eliminate the interest much sooner and eliminate the amount of interest you pay. Let me do my magic and show you how it’s done. I want to let you in, and you could be the performer. All you need to do is log in and follow directions, and you will understand. You’ll become much smarter with your finances. You’re not living on pork and beans and changing your lifestyle. You’re just doing it more effectively.

You can email to Report@United4Loans.com. I want to make sure you’re equipped with the right information. You had a moment to read this episode. You may have missed a lot of it. That’s fine. You can go on and read our past programs as I post them. The bottom line, what you would have read is saving money and getting the right loan for you and your family. Eliminating debt faster and more effectively and putting more money in your wallet.

I want to give you that information, valuable information. Write down the phone number, remember it or, punch it in, or hand the phone to the person next to you, (888) 543-3980. With that number, I’m going to save you thousands. If you don’t call, you’re not going to save. Thank you for joining us. Until the next episode. What loan do you have?

Important Links

• KVTA.com
• United4Loans.com
• Radio@United4Loans.com
• Report@United4Loans.com
• Statement@United4Loans.com
• Marisha Charbonnet – LinkedIn