Markets Pleased As Inflation Eased

• July 16, 2023
• realestate
• Podcast

Inflation is down by quite a few points and interest have fallen down. We hit the highs of 2023. What does that mean for you? We’re not really out of the woods yet but we’re certainly facing a great window of opportunity to take that next step and start our journey to becoming debt-free. Using his 37 years of industry experience, Michael Harris will guide you through the process and he explains how in this episode. Plus, stay tuned for some incredibly useful information about estate planning for digital assets with Marisha Charbonnet.

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Listen to the podcast here

Markets Pleased As Inflation Eased

We’re here to talk about your real estate life. I’m asking you. What kind of loan do you have? Interest rates fell. We saw rates go down. We hit the highs of 2023. We had a lot of clients that were scared. We’re looking at qualifying. We’re looking at monthly payments. I was mentioning, “Wait until the 12th.” I’ve been talking about July 12th, 2023. On July 12th, we saw the Consumer Price Index come out and it was a little bit tamer than we thought. That was good for interest rates.

What happened was we were able to eliminate the June 2022 number and replace it with this June. When we eliminated that June number, we saw inflation fall down to 3%. We’re going, “That’s fantastic. Where’s it going to go the rest of the year? Is it going to go into the 2%? Is it going to happen?” If we look at 2022 numbers, we’re not going to be eliminating large numbers in the latter part of 2022. We may meander in this area and we might even see inflation go a little higher. What’s going to happen is the spin on that is, “Inflation’s going up. We’re in trouble.”

I mentioned we were going to see this timeline when interest rates are inflated down a little bit. We may see them drift a little bit better. We saw rates go up a little bit. It was a little bit of a sell-off, but the bottom line is we have clients closing again at about 6.5% at no points. Your results will vary depending on loan size, your credit score, and loan-to-value, the equity position you have in the property, whether it’s a purchase or refinance. We’re going to take a look at those items together and come up with the best equation.

In looking at home loans, we have to look at the recovery time to fees. When you look at points, points are percentages of your loan amount. When someone says, “It’s a one-point program,” if you have a $750,000 loan, that’s $7,500 more. What does that one point get you? You might be buying the rate down because that’s really like prepaid interest. Are you gaining 8% a quarter or 8% in the rate? What is your payment difference?

We have a client that’s looking for a loan. It’s about a 0.5% difference in the rate to buy down one point. We were looking at the recovery time. That’s about 30 months, but that did not take into account any tax benefits that they would be getting that information from their tax preparer. If they’re gaining something there, it could be under 30 months.

Let’s say for the sake of argument it’s twenty months. It will take twenty months before the lower rate is better. Is money in their pocket now better than money in their pocket over time? Do we look at that in 20 months to 30 months? Are we looking at interest rates going down and spending that money now to buy down the rate? It might be not needed because rates might be lower later. Maybe they should go at a no-point loan. You’re renting that $240 or $250 difference in the meantime.

Either way, they have the funds. They can look then to attack maybe the interest, lower the obligation, and do other things. There’s no wrong answer. It’s spending on where you are on your timeline. We will talk. We will understand and listen, and we will decide together. Ultimately, it’s your decision that makes the best sense. Give us a call at (888) 543-3980. I mentioned the Consumer Price Index. I was watching it. It’s 3% year over year. It sounds great. It’s the lowest since March 2021. A lot of that also had to do with oil prices that were $70 in June 2023, so they went down quite a bit. That also helps. The Fed members were looking at what was going on.

One of the headlines that came by that is on the back burner is James Bullard, who is the Fed President out in St. Louis and has been on the Fed for many years, is leaving. He’s not going to even vote in the next Fed interest rate decision. He’s going to be a faculty member at Purdue University. We’ll talk about what that means, where we’re going, and where interest rates are heading.

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Interest Rates Down

I mentioned about interest rates being down, which is fantastic. It’s giving some opportunity and helping with some qualifications. I mentioned that we saw in some cases maybe a $100 to even $250 difference on a monthly basis. That’s a large amount of money. You can look at loans on a monthly basis or you could look at a cost basis.

We had some loans anywhere from, let’s say, $300,000 to $750,000 in a range that we saw a difference of one point. That one-point difference is $3,500 to $7,500 range. That’s a lot of money. As one of my clients said, “It buys me that dishwasher. It gets me that washer and dryer.” We’ll have to see if it gets you all of that. Things are going up in price a bit. It does allow a lot of things to occur and decisions to be made that affect your real estate life. Give us a call at (888) 543-3980.

I’m going to ask you a 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 your 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? For those of you who say yes, I’d like to send you some information.

Also, for those of you who want to find out more, if you’re available Tuesday evening at 6:00 PM, I’d like you to attend a webinar. That webinar is a live webinar. You can email me at Webinar@AHeadForMoney.com. I’ll send you the link in order to get on that webinar. It’s a one-hour webinar. It’s going to let you know how you can achieve this.

I’d like to set up a separate appointment with you once you attend that in order to talk about your numbers. What I’d like to illustrate for you is how money can work in your favor. You could become your own bank if you’ve got a checking or savings. You don’t even have to own real estate. I have a young lady who has 15.3 years of debt between credit cards and all the other fun stuff. She’s going to be debt-free in 3.4 years. She does not own real estate but has debt items that she wants to take care of. If you own real estate, the more real estate you have, the more we will show you how you can save.

Personally, my 26.4 years is down to 8.1 years. I’m going to be cracking in those sevens pretty soon. I’m looking to take advantage of utilizing the ability to pay early interest. When you have a home loan, have you taken a look at your statement? Have you looked at your mortgage statement or gone online? What percentage of your monthly payment is interest? What is your total interest paid? Is it 50%, 60%, 70%, or 80% plus? Depending on where you are and what rate you started with, whether it was 2%, 3%, 4%, 5%, 6%, 7%, or 8% on that interest rate, you could be up to 83% on your first payment. It may take you 18 to 21 years before you’re 50/50. When you finish your loan, you could be paying 54% interest over the actual amount you borrowed.

When you look at a loan and say, “I’m at 3%. This is great,” I don’t want to spend a lot of time on it for you, but I’d like to explain that a 10% simple interest equity line is lower interest than a majority of the time that you’ll have that 3% loan. That 3% loan over the life of the loan is lower on the line, but the line’s going to be a draw item or interest only for ten years. That’s a timeline.

If you look at your mortgage, when you hit that 18 to 21 years, it will go 50/50. Later on, very late in the process, you’re paying mostly principle, but you’ve already loaded up all that interest. I’d like to show you how we can attack early interest, eliminate that, and start attacking principle. Thus, you lower the term of your loan and can be debt-free perhaps in a single-digit amount of time.

Even if you took that difference that you’re not paying at that point once you’re paid off and put it away at 1%, you’re going to have hundreds of thousands if not millions of dollars. We’re all not going to go invest the difference and throw it away over there and invest it. You know what I mean. I’d like to show that you can be debt-free much sooner than the bank’s plan for you. Call me at (888) 543-3980. I’d like you to attend that webinar. Email me at Webinar@AHeadForMoney.com. I’d like to send you a link. I can also send you some information to peruse and review, but I’d love for you to come to that webinar.

If you cannot come to the webinar, when you send that email to Webinar@AHeadForMoney.com, say, “I cannot attend but I’d like to get information.” You can then set up a separate one-on-one with me when you are ready. I’d like to know what you think. I want to send you maybe a half webinar and maybe a couple of different links so you can understand the concept, and then you can ask questions. The ultimate goal is to have you fill out your ins and your outs, your income, your expenses, and all the items that you have on a month-to-month basis, annual, semi-annual, quarterly, everything. We’re going to show you how long is your debt-free date.

I met with a young lady. She has social security income coming in. She’s got an annuity income coming in. She still has a salary coming in. She has all those items in place and her mortgage. She had a rental property as well. She had a few different credit cards. They were nothing major but a couple credit of cards. We took her debt-free date. From 26 years, she’s going to be debt-free in 4 years. We were astonished.

If we do a few little things, she’s got some money and some savings. She’s earning .025%. She was barely earning anything on her money. We’re showing her very comfortably that she can earn close to 4% for idle funds that she has access to and maybe even higher. That’s going to make another difference, causing her to save even more. Four years debt-free on two mortgages and everything else included.

Let me show you what we can do for you. If it’s not right, it’s not right. I have a perfect financial GPS program that allows you to go forward and save. You have the ability to eliminate interest. Your lender loves you, but you don’t need that kind of love in your life. Your creditor does as well. I want to show you how you can save very comfortably by following a plan.

It’s always nice to have someone smarter in the room that doesn’t talk back. That’s what this program will do for you. When you drive in your car and maybe use a navigation device and miss a turn, it says, “Recalculate.” It will send you back somewhere or get back to where your destination is in the best way possible. This is what is happening with your finances. Technology and time have allowed various things to grow and continue. You don’t use those maps in your glove compartment anymore. Let’s move your technology towards your finances and advance them further as well.

Let’s talk at (888) 543-3980. Email me at Webinar@AHeadForMoney.com. If you’d like to go to our website in order to look at lending, which is what I do because I’m a mortgage banker and in my 37th year in the business, I’d like to help you with that. Go to United4Loans.com. You go there and we can get started. We can gather documentation and get you pre-approved. I like to help time the market better for you and save money during your process. If you have a 30-day, 45-day, or 60-day escrow, we make decisions based on those timelines. We want to make sure that you are saving money. We want to help you. Let’s talk at (888) 543-3980. Our company website for the radio show is YourRealEstateLife.com.

I was looking at the 10-Year Treasury. We got up to 4.09%. The thing is we ended up dropping back down, which is great, back in the 3.80%. That helped because when we broke that 4% number. that was causing rates to get over 7%. There is a little bit of pain, but we saw it back at 6.5% by week’s end. Your results will vary depending on your unique position and all that. I want to talk to you. Let’s talk at (888) 543-3980.

I want to help you with your real estate life. It’s so important that you look in advance. You look at what you need to do to move forward and take care of what you need to do to be ahead. You do what you do every day. This is what I do. I want to make sure you have the ability to achieve and do better when it comes to your finances. Numbers don’t lie. You need accurate information to move forward.

In our next segment, we have Marisha Charbonnet who’ll be joining us and talking to us about estate planning. It’s so important to prepare. We had some individuals who didn’t prepare properly and they’re scrambling trying to figure out what to do. They had some unexpected life items occur. I was on a call where we had issues and items going on with siblings, stepchildren, and various other items. You need to make sure what you want to do is where you want to be. Let’s talk at (888) 543-3980.

As Marisha will talk in the next segment, you’ll get in touch with her as well for your needs. It’s always about being ahead of what’s happening. When I look at the Fed meeting that’s coming up and the Fed could go another quarter, we are hitting the end of the cycle. I don’t think the year-end is going to see tremendous inflationary improvements because we’ll be stagnating sideways.

The big drop was what we got, which will allow us maybe to see lower 6% and early 5%, but we’re not going to see a major move or difference in that direction until early August 2023 as we get new figures coming in. We could drift here at the end of the month. We have favorable pricing as we got back in the 6%, but I would love to see the 5%.

A lot of people are talking about, “What’s going on with housing pricing? Is housing dropping?” We’re not seeing that drop. We’re seeing values holding in most areas. In some areas, they are going up a little. It depends on the pocket and where you’re buying. Your local realtor will help you with that. We can also get you a ten-page report on any neighborhood and any property. If you want to get that, you can supply an address to me. Email me at Report@United4Loans.com. Send me an address. I’ll get you a ten-page report on the property, past, present, and future of where we are and what’s going on. I can get that to you. Email me at Report@United4Loans.com.

Earlier in the program, I talked about your mortgage statement. If you still have a statement, you can print it or save it and email it to me at Statement@United4Loans.com. If you send that to me, I’ll take a look and see where your interest is. First of all, we’ll look at interest rates. We’ll look at what percentage of your payment is going towards interest. We’ll look to maybe gather some additional information so I can see what I can do to eliminate and take your effective yield of that loan even lower.

The young lady I was talking about that I worked with, we took her effective interest rate below a half percent, eliminating all those years. If we were taking a 3% rate and getting it down to a half like if we’re taking 6% and 7% rates and taking them down under 2%, this is not a refinance. This is not a debt settlement. This is you paying what you contracted to pay, but taking care and eliminating interest that you don’t need to be paying because you will not have that debt as long as you contract it for. You’ll pay your principal, but we will see that melt away.

Let’s talk at (888) 543-3980. I look forward to your email at Webinar@AHeadForMoney.com. Let’s go there. I want to make sure you get registered. If you’re there Tuesday at 6:00 PM, I’m going to be there. I want to make sure you’re there and we’re going to learn together. I then want to know how your experience was with the opportunity. We had 42 people on the call. We have a lot of busy schedules going on my side with meetings, talking, and moving forward. We are running numbers for each and every individual who requests and we are showing their debt-free date. All of that with no obligation. Once you see that you’re saving $50,000, $100,000, $150,000, or, in one case, $414,000 of interest over the current contracts in the bank plan they have, you’ll see that there is a better way.

Email me at Webinar@AHeadForMoney.com. You can call at (888) 543-3980. You can text that number as well. Let’s say you want to get the information or you want to register, we’ll go ahead and get all the details. I’ll get that back to you and send you the link, but I want to know who you are so I can make sure we look out for you. I’m going to make sure you’re going to be followed up with. We’re going to make sure you get all the information you need to make a decision that’s right for you and your family. It’s all about having the right information, not being told what to do. It gives information so you have an education as much as you like so you can make the right decision.

With saving money, if I told you that you can save $50,000 and you’re like, “That’s not enough,” what’s enough? Can I do it and you send me the difference and pay me that? These are the things I want to open your eyes to in your business. You can’t believe that some people don’t understand and don’t do certain things that you recommend to do in your business. You can’t understand it. This is one of those, “I can’t understand it,” items on my end. It’s a numbers item. It’s your money. It’s your savings. It’s your ability to keep the money on your side of the ledger.

You can become the bank. You can earn those kinds of returns. You could take debt and convert it to wealth. I want to show you how. It is not that difficult, but it’s difficult to do on your own and get 100% of the savings. You might be up on the dartboard, but you’re not hitting the right numbers and you’re not hitting the right part of the target. You might be in the game. I have individuals who say, “I’m paying a little extra every month and I’m reducing.” You’re in the game, but you’re not maximizing your results. If we could show you better results and you gain more money as a result, that is what I’d like to do.

It’s not just about refinancing. In this market, refinancing is a little bit different with interest rates a little higher than most people have. You’re refinancing for a reason. Maybe you have higher debt, other items, or consolidation. Maybe you have a lower payment to gain more residual money every month in order to have it work better for you to reduce and eliminate debt.

A refinance, if not done or listened to carefully, could cost you a lot more money. The reason why is you refinance and save money, but take that savings and don’t apply it to the right position or direction. Some of you may need it monthly because things are going on with income, job, and all that. That’s great, but maybe that’s a temporary item.

If you refinance and save money, you should be taking that savings to knock everything down, not reload and say, “We’re ready to go again. Let’s load it up.” Every time you start over and don’t continue on the right path, your tip or Total Interest Paid is going up. Those early years are painful years. I like to help eliminate those. Let’s talk at (888) 543-3980. When we come back, we’ll have Marisha Charbonnet.

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Estate Planning For Digital Assets

I’ve been excited to be here as I am each and every weekend talking to you about your real estate life. I like to welcome our audience here. We’re here talking about your real estate life. You don’t have to wait until the end of the program to make a call. A lot of times, all of a sudden, at the end of the show, all the phone lines are ringing in. We’re trying to get everyone back. We’re trying to reach people. We’ve got a busy weekend going on or a busy morning. I want to make sure we’re able to coordinate.

What we can do is you can send a text message to (888) 543-3980. You can let me know your name, email, what you need, and the best time to reach you. If you don’t want to talk, that’s fine. If you’d like to get on our webinar, which is on Tuesday at 6:00 PM, you can email us at Webinar@AHeadForMoney.com. There, you’re going to see a program to eliminate most of your interest in your life, pay off all your debts, personal and or business, and even your mortgage in as little as 1/3 or 1/2 the normal time without refinancing and changing your lifestyle.

I believe you’d like to learn more. I can send you information. You can attend the webinar. I want to show you a debt-free date that’s going to leave you astonished. We have people saving hundreds of thousands of dollars. I want to see if that’s you. Let’s talk at (888) 543-3980. You always need to be prepared with your estate. With that said, Marisha Charbonnet is joining us. Let’s go to Marisha. What do you have for us?

It is always great to be on the show. One of the wonderful things about radio is that you can easily be engaged while doing other things at the same time. I suspect that while many of your audience are tuned into this show, they are also scrolling through social media, checking email, or responding to text messages, all of which relate to a critically important but often ignored estate planning issue, digital assets.

Digital assets include everything from your Instagram account to your email to your photos saved in the Cloud or on your phone. They include any online accounts that require a password such as banking or brokerage accounts as well as your cell phone, computer, or any devices you have that store cryptocurrency. The list goes on and on.

If you ever stop to think about how much of your life and your assets exist online, it can be more than a little scary to consider a situation in which you have died or become mentally incapacitated and no one can access that information. Yet, that is exactly what can happen when people don’t take steps to plan for their digital assets. Many people are under the impression that if they leave a list of passwords, that should be sufficient. Unfortunately, it’s not quite that easy. Use of someone else’s username and password, even with their permission, can be illegal and considered computer fraud.

To complicate things even further, much of the asset information that a successor trustee may need in order to properly deal with a trust may only be accessible online. It used to be the case that when a person died, the first place a successor trustee would look for asset information would be the mailbox since bank and brokerage statements came in the mail. With so many people having gone paperless, it can be much more challenging to try and even find out where someone had accounts since those statements may all be going to an email address that is inaccessible.

Moreover, if accessing the accounts requires a code that gets texted to the dead person’s cell phone, acquiring that code may be impossible if the cell phone can only be opened with a thumbprint or facial recognition software. Before completely freaking out, it is important to understand that a carefully drafted estate plan should include provisions allowing successor trustees and executors to access and manage digital assets.

Additionally, many institutions have procedures in place allowing for account holders to designate a representative who can access the account upon death ring capacity. Apple, for example, has a feature allowing iPhone users to designate a legacy contact who can unlock a person’s phone after the iPhone owner passes away.

Moreover, there are companies that will assist in cataloging digital asset information and work directly with the various institutions to ensure that a representative is properly named within the specific terms of service for each individual institution. The value of digital assets and the potential loss from an inability to identify their existence or access them can be enormous. For more information on estate planning for digital assets or estate planning in general, I can be reached at (805) 496–4681 or FamilySecurityLawGroup.com.

Thank you, Marisha. That is so very important. Life has changed. Many of your issues have changed and you have to think forward. A lot of us think we’ve already handled everything from the past, but a lot of times, the present throws us that curve ball, the things that we have to add in. That’s why you should have a good person to review. That’s Marisha Charbonnet. Make sure your estate plan has been reviewed and is up-to-date.

I throw a lot of analogy back to sports teams. You have sports teams making changes all the time, even teams in first place wanting to make sure they hold their position and go right to be that number one team and win it all. We’re going to be having in baseball a trade deadline. Who’s going to be traded? Is Shohei Ohtani going to be traded? Who’s going to give up all their farm packaging for renting a player who perhaps they can’t sign in 2024? Is that going to be possible? Are the Dodgers looking to pick up a couple of local pitchers who grew up in this area and are pitching for other teams? That’s what’s on the maybe horizon.

Everyone’s looking to bolster where they need. The teams that have decided that they’re not going to make it this 2023, they’re making those decisions. In the American League East, you got an interesting thing. You got two teams tied for last place on both six games over 500. If they were in another division, they would be leading the division. They’re not doing well, but they’re doing really well compared to some of the other teams that are in a better position based on standings. It’s an odd thing. Everyone needs to assess. You are your own general manager. You need to make some decisions regarding your finances, your debt structure, and what you are doing to make sure you and your family are provided correctly. I want to help you with that process. Let’s talk at (888) 543-3980.

You woke up and had no intention of reading anything about this stuff, finance numbers, or mortgages. Nothing at all, but you are here and you are here for a reason. I want you to write down the number. I want to be a resource for you. Let’s talk at (888) 543-3980. That number is your door to open if you’re looking to purchase property and obtain financing, whether it’s a forward loan, a reverse mortgage, or a government loan like FHA, VA, USDA, whether you’re doing what is called CalHFA, or whether you’re doing conforming high balance or jumbo. We’re doing commercial. We’re doing construction.

United Mortgage Corporation of America is approved in five states. We’re approved in California, Colorado, Montana, Texas, and the state of Washington. In 30-plus other states, we are doing what is called debt service coverage ratio loans. A debt service coverage ratio loan is qualifying the property in order to offset the mortgage payment or the rent coming in. We’re doing that for many investors, including first-time investors as well.

We’d like to talk to you about your future in real estate from obtaining income coming from real estate or maintaining what you have, whether you’re doing a 1031 exchange or buying your first rental door or property. Give us a call at (888) 543-3980. Go to YourRealEstateLife.com for all the details. If you’d like to start on the lending side, United4Loans.com.

We talked about your debt structure and making sure we eliminate interest early. You can sign up for our webinar. Email us at Webinar@AHeadForMoney.com. I will then hit a return back to you with the link in order to attend that event at 6:00 PM Tuesday evening. There are no strings attached. There’s no obligation but great information. I’d like to know what you think about it. I can send you some material prior if that’s your prerogative. Let me know. I’ll have your email. Let me know the best number to reach you at a later time so I can text you that information if needed. I want to talk to you about your real estate life. I want to help you move forward down the path.

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Perfect Financial GPS Program

We have some economic news that’s coming out. We have the Empire State Manufacturing Survey coming out. That’s at 5:30 in the morning our time on Tuesday. We look at the US retail sales. We look at retail sales minus autos, industrial production, capacity utilization, and business inventories. We got the homebuilder confidence index coming out as well. All that happens between the hours of 5:30 and 7:00 AM our time on Wednesday.

We have housing starts at 5:30 AM for June 2023. On Thursday, we have initial jobless claims, the Philadelphia Fed Manufacturing Survey, existing home sales, and US leading economic indicators. Nothing is scheduled for Friday, but that doesn’t mean it won’t be exciting. There are always things going on in the world. There are always things moving, whether it is interest rates, the bond market, or mortgage-backed securities when it comes to the lending side. We keep our fingers and pulses on these items and watch these items daily. We live in the space, and for that reason, we look to save you money.

If you’re thinking about purchasing a home or looking at refinancing, maybe home improvement, or other needs, I like to evaluate and give you a good vision of what can be done. A lot of times, when you’re in the fog, it’s very difficult to see, but when you’re above, around, or surrounding it, it’s easy to come up with ideas and solutions to present. That’s what I like to do.

I’d like to take my 37 years going in of experience and give you some guidance on what I’ve seen others fail to do. I want you to be successful. I don’t want you to look in your rearview mirror and go, “I could have and should have and I didn’t, but I will next time.” This is next time. Let’s get it done. Let’s prepare. Let’s gather your documentation.

If you’re thinking about purchasing over the next 6 months to 1 year, we want to make sure we’re ready. We want to make sure your credit is in the right spot. We want to make sure your debt structure is good. We want to get your credit scores correct in order to borrow cheaper. We want to look at all those different aspects so this way, we’re able to close quickly

 We have a number of our transactions that from start to finish, we were ready in two weeks to close. One’s closing early. As a result, the other one, we’re twiddling our thumbs. We’re waiting to close. We’ve had some refinancing that we had to get taken care of for individuals. We ran into some unexpected items because they did not prepare. We’ve had various issues with termite damage, chipped paint, or various other things where we’ve had to have corrective measures for health and safety reasons. We want to make sure we’re attentive to those items.

We want to make sure all options are explored. Gaining the documentation early is what’s important. We’ll send out a list initially after we discuss things. We’ll gain items pretty quickly, I hope, and then that may lead to some more items because of things that I did not know to ask. We try to be thorough. We try to ask, and then all of a sudden, it is like, “Do you have a K-1 statement? What’s your percentage of ownership?” Things will lead to other items.

I want to make sure we understand so we can represent you and get the best results possible without surprise. We don’t want that. We don’t want that on the lending side, and you don’t want that either. We want to make sure we’re prepared, have a clean approval, no conditions, and everyone goes, “That’s a great file.” Nobody is regretting like, “We got to go back to that one.” We don’t want that. I want to put you in the best light to get the best results that save the most money possible. If that’s what you’d like to do on your next transaction, give us a call at (888) 543-3980.

We want you prepared for the ultimate success in your real estate life. I am looking to make sure your obligations are paid off as efficiently as possible by utilizing the principles of money that you do not need to be an expert in. You can utilize a perfect financial GPS program that will allow you to navigate through that process. It may take you 10 to 15 minutes a month. How is that instead of those spreadsheets every god-forsaken time you work on them, prepare, and make sure?

You have a perfect financial GPS program that does everything 24/7 and computes. You have a 90-day forward history or forward recommendations of what you need to do with all your stuff. All your stuff’s there that are incoming and outgoing. Everything is there and accounted for. Anyone could pick it up. It could be you, your spouse, or your significant others. You can pick up the ball and roll and everything’s there. It’s not, “It’s in a cover. I don’t know. Where is it? In the drawer? It’s in a folder. I don’t know where that is.” Everything is going to be perfect for you.

Maybe it takes some time for you to get used to it. I always like it when clients get started in this perfect financial GPS. We go through the first 30 days. We get everything in. During the first 30 days, you’re going to have a whole cycle go through. I always like you to concentrate on the annual, semi-annual, and quarterly items that won’t come up for a little bit so we can gather and get them, whether it’s the auto insurance that you may pay annually or twice a year. Maybe it’s your property taxes twice a year if you’re not impounded. Your homeowner’s insurance is the same. It is various things you do like your annual contributions. We want to make sure those are programmed in so we get accurate numbers.

I’m about accuracy. I’m not trying to tell you you’re saving and then all of a sudden, you have this new big expense that we didn’t account for. We want accuracy. We’re going to follow up. You’re going to have various people there supporting you and making sure you’re efficient in this process. It’s going to simplify the things you do and save you money. Let’s talk at (888) 543-3980.

I mentioned we have some benefits to mortgage side interest rates. We had a tremendous decrease. We saw over 0.1% of the loan size benefit, which translated close to 0.5% in interest rate. We had a lot of people benefiting from that. You still can as well. Let’s talk at (888) 543-3980. I mentioned that James Bullard, President of the St. Louis Fed, is going to be retiring from his position and taking a faculty position at Purdue University. He was one of our hawks. We will see how that changes the Fed meeting. He’s not going to vote in the next Fed meeting. He’s stepping down in early August 2023.

I mentioned we saw the 10-Year Treasury go from 4.09% back to 3.80%, which benefited mortgage rates. We’re looking at the future of mortgage rates perhaps stabilizing. In fact, it’s going down slightly. We’re watching the inflationary numbers. Although we got fantastic inflationary news as I expected on June 12th, 2023, we’re looking at further ones in August, September, October, November, and December. Those are perhaps moving more sideways because they’re not replacing high numbers from a year prior. That’s going to be a little misleading. Statistics could always be read differently. If you go from 0 to 1, you have an infinite improvement, although it was very tight.

As you look at things, you have to read between the lines. Sometimes, those headlines don’t do so. As the mortgage side of our business and interest rates, we are doing that and looking forward as we go through the changes that lie ahead. We’re not out of the woods yet. We’ll see what happens as the world around us has a lot of inflationary items and other things going on that also influence us. This next 6, 9, to 12 months can be complicated because getting a soft landing is very difficult. We’re going to be going into an election cycle. That’s also difficult. We have a lot of people speaking about different items in different ways, but a lot of that isn’t necessarily clear. Inflation is not dead.

We had Jerome Powell, the Fed chair, talking about avoiding words like pause or skip. He was making decisions perhaps depending on incoming data. He doesn’t want to make a mistake as he was before saying the word transitory inflation. As we’re looking at this underlying inflation, we’re looking at what’s going on. We’re going to be looking at the Consumer Price Index and inflationary numbers and how they go as the year progresses.

In between, we are closing purchase and refinance transactions. We are gaining the best of market capacity at that time. If rates do fall, we can take a look, but we also have to look at the cost of the loan and make sure it’s beneficial for you. I’d rather have you focus on that early interest, retire that debt, knock it down, and owe a lot less. Let’s take a look at what’s needed. We’ve been able to refinance individuals and free up more discretionary income monthly to then attack early interest and come out ahead.

Your interest rate isn’t as important as your interest volume. You may go, “Interest volume? What’s that? Where can I shop that?” Let me send you an item regarding interest rate and interest volume so you can understand what I’m talking about. We’re talking about early interest on an amortized loan. Interest rates are not the same. It’s how they are set up and the pay structure that makes a difference. That’s not a 30, 20, 15, or a 10-year loan. Those are amortized. If you have interest-only or they’re set up differently, all loans are not created equal. I want to show you how you could be on the right side of that equality.

Let’s talk at (888) 543-3980. I want to talk to you about your real estate life. Go to YourRealEstateLife.com or United4Loans.com to get started. I want to show you how you can save money. It’s so very important. I talk about it all the time. Your lender loves you, but you don’t need that kind of love in your life. We need to turn down your interest volume. We need to turn up your frequency and utilize that money to gain a benefit for you and your family.

A lot of people look the other way. You hide your head in the sand or crawl up in a fetal position and are like, “I hope it all improves.” Let’s do something about it together. Take a moment. Let’s write down the number (888) 543-3980. If you can’t talk, that’s fine. Let’s get that on your phone. Hand the phone to the person next to you driving with you. Let’s get on your phone. Let’s put it in together. It’s (888) 543-3980. It’s ringing. That’s me answering. It’s automated. It’s not me live. Go ahead and hang up on me. That happens. I understand. The number’s in your phone. You call me when you’re ready.

If you haven’t done that yet and you want to answer our poll question that we’ve been talking about, I’d like to know if I can help and send you information that would make a change in your life. If there was a program to eliminate most of the interest in your life and pay off all your debts, personal and business, and even your mortgage in as little as 1/3 or 1/2 the normal time without refinancing and changing your lifestyle, would you want to learn more? I’m hoping that the answer is yes. You can type the word yes. You have my number on your phone. I look forward to sending you information.

Maybe you can attend our Tuesday night webinar. If you want to, email me at Webinar@AHeadForMoney.com. I want to send you an invite so you can attend a webinar. There are no strings attached and no obligation. It’s good information and education. It’s one hour from the comfort of your own home. You don’t have to be on camera. I’m not asking for all that. There are no glamor shots. I want to get you good information, and then I want to know your opinion. I want to know if it’s something you want to explore further so you can save money.

Let’s talk at (888) 543-3980. I want to help you navigate through the process of your finances, whether it’s your personal finances or going into the factor of your loan. I’ve been in the lending business. I am in my 37th year of helping people navigate through that process and save money. It’s not all about interest rates. It’s about interest volume. It’s about the setup of your loan and understanding your needs and where you are at your purchase or real estate cycle. Are you a first-time home buyer looking to get started or a young family where things are moving forward? You have kids going to college and you are looking at college expenses and items. Maybe it’s getting that equity line working in tandem with your existing loan in order to create better cashflow. All these things can be looked at. I want to help you navigate through.

You do what you do very well. I can’t pretend to do your job. I may have an idea, but I don’t know how to do it. It reminded me. You get individuals who say, “I’ll meet you at the bottom.” All of a sudden, you got a double diamond and you’re trying to figure out how to get down. You got to snowplow all the way down. I want to give you the guidance when it comes to numbers. Numbers may not be your thing, but that is my thing.

You do what you do. This is what I do. I want to help be on your team. I want to be a teammate. I want to make sure you get to that finish line in the most efficient way possible. We can share as much information as necessary and teach you as much as you want to learn. We can also handle that and keep it very simplified to make sure you finish with no regrets and you understand where you are.

When you have a first-time home buyer moving into a home, the goal is not, “We got in the home.” We want to make sure you are comfortable and know what’s coming forward. You want to make sure you are not on the top rung of the ladder and it’s all tipping and going all over. We want to make sure you’re comfortable throughout your home ownership process.

Things come up and we want to make sure you have that flexibility. We don’t want you to be uncomfortable with your decision in hindsight. Give us a call at (888) 543-3980. Go to YourRealEstateLife.com or United4Loans.com. I mentioned that webinar on Tuesday evening at 6:00 PM. Email us at Webinar@AHeadForMoney.com. You can send out a request there and I’ll send you the link for your receipt and reservation. We had over 40-some-odd people there. Many have already moved forward.

I mentioned some of the savings. We had an individual who did not own a home. She went from 15-plus years down to 3 point-some-odd years in her savings. We had another who went from 26 years down to 4 years, but more representable. We had someone who went from 28 years that went down to 9 years.

All of that is eliminating interest in your interest payment cycle. It’s attacking and improving your interest volume. We’re taking effective yields and interest rates much lower. I want to talk to you about your purchase, your refinance, your forward loan, and your reverse mortgage. I’m looking at investment properties as well. I’m doing construction, and I’m doing commercial. I want to talk to you about where you are with your real estate life. It’s been a pleasure to be here with you again. Call (888) 543-3980. Until next time, what kind of loan do you have?

Important Links

• Webinar@AHeadForMoney.com
• United4Loans.com
• YourRealEstateLife.com
• Report@United4Loans.com
• Statement@United4Loans.com
• FamilySecurityLawGroup.com