Podcasts about refinances

The following guests sit down with host Justin White:•   Andi Numan, Swift Home Loans•   Ian Twaddle, UMortgage•   Ryan Proffitt, Future Home Loans•   Jalen Scott, Belong Lending•   Lauren Fisco, United American Mortgage Corp.Highlights From Our 5 Most Downloaded Episodes of 2024How to excel at refinances in any market. Chase relationships, not loans. Pounding the pavement as a sales activity. What it takes to grow as a first-year originator. How to make your past clients remember you. These were the topics we covered in our most popular episodes of the year. You'll hear something from each of those conversations on Good. Better. Broker'sBest of 2024.In this episode of the Good. Better. Broker. podcast, you'll hear interviews from our most downloaded episodes of 2024.In this episode, we discuss ...•   0:54 – Refinances with Andi Numan•   5:29 – Real estate relationships with Ian Twaddle•   9:35 – Successful sales activities with Ryan Proffitt•   13:51 – Growing and scaling as a newer LO with Jalen Scott•   18:13 – Creating a memorable client experience with Lauren FiscoShow Contributors:Andi NumanConnect on LinkedInConnect on FacebookConnect on InstagramIan TwaddleConnect on LinkedInConnect on FacebookConnect on InstagramRyan ProffittConnect on LinkedInConnect on FacebookConnect on InstagramJalen ScottConnect on LinkedInConnect on FacebookConnect on InstagramLauren FiscoConnect on LinkedInConnect on FacebookConnect on InstagramJustin White is UWM's in-house brand journalist and the host of the daily news video, Inside Pass. He creates engaging content across multiple platforms to promote the benefits of the wholesale channel and partnering with UWM. A seven-time Emmy-award winner, Justin is a graduate of the S.I. Newhouse School of Public Communications at Syracuse University.Connect with Justin on LinkedIn, Instagram or TwitterConnect with UWM on Social Media:•   Facebook•   LinkedIn•   Instagram•   Twitter•   YouTubeHead to uwm.com to see the latest news and updates.

Jesse Janssen shares his journey from a banking career to becoming a multifamily real estate operator in Anchorage, Alaska. He discusses the unique characteristics of the Anchorage market, including its stability and growth potential, as well as the challenges and opportunities in real estate investing. Jesse emphasizes the importance of building a strong team and relationships in the industry, and he provides insights into the current economic landscape and insurance challenges faced by property owners. Sponsors: Apartments.com  

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored and reported by CNBC's Jessica Ettinger.

Noluthando Mthonti-Mlambo speaks to Mining Analyst, Peter MajorSee omnystudio.com/listener for privacy information.

Join us as we tackle the often-overlooked strategy of debt consolidation refinances and how it can be a financial game-changer for many homeowners. Amidst the struggle with high-interest rate debts from credit cards and car loans, many cling to their historic low mortgage rates without realizing the potential for massive monthly savings.We dive into the nuances of leveraging your mortgage for debt consolidation, weighing the trade-offs of letting go of low mortgage rates to roll debt into a refinance. Discover how this move could save you hundreds or even thousands each month in accumulated payments, providing a fresh perspective on managing your finances effectively.Jen is in the studio keeping, woman-ing the anytime hotline and keeping Mark on task!Learn more about Mark Eitel, the team, and the Show at www.MrMortgageRadio.com for more information or call/text 1-855-462-7292 the anytime hotline Thanks for tuning in, and we'll see you on the next episode of "The Mr. Mortgage Show"Let's Connect! Feel Free to Call Text or Email Mark Eitel NMLS #1929005Call or Text us: 561-935-5474 (Main Office)Email: mark@mr.mortgage

Don't say we didn't tell you! Stocks are down with Treasury yields higher after the release of PPI (Producer Price Index) data reflecting hotter-than-expected U.S. inflation. As the last major piece of economic data to be released prior to the Federal Reserve's upcoming policy meeting, set for March 19-20, it's hard to argue that a “fed rate cut” is in the cards for next week. That said, we're still seeing increased activity in both purchases and refinancing. Purchases are expected this time of year as buyers and sellers come out of their winter hibernation. Refinances are up because American consumer debt continues to rise and it's simply better to pay 6%-7% on a mortgage than 20%+ on outstanding credit card debt. As always, FREE 1 on 1 consultations available at: https://townstone.com/consultation-request/

Home Loans Radio 02.17.2024 With That Mortgage Don - Rates are coming down, Refinaces and purchase are PICKING up.

This episode of All Things PNW Real Estate features Jacob Lenders, Jamal's boss, as a guest. They discuss various topics related to the current real estate market, including: Market Performance: January was slow due to rising interest rates, but February is showing signs of improvement. Refinances are starting to pick up again, indicating a positive trend. The Fed is expected to drop rates later this year, potentially boosting the market further. Advice for First-Time Homebuyers: Don't wait for rates to drop further - competition will increase as they do. Take advantage of builder incentives while they're still available. Management Insights: Managers from different branches share information and insights on a regular basis. The national market is starting to see a shift towards buyer broker agreements. Other Topics: Impact of NAR lawsuits on real estate practices Government regulation and the real estate industry Cybersecurity concerns for title companies Impact of weather on real estate sales Casual conversation about sports, fast food, and reality TV Key Takeaways: The real estate market is showing signs of recovery, with increased activity and potential for lower rates in the future. First-time homebuyers should act fast to take advantage of current opportunities. The industry is undergoing changes with regards to buyer representation and regulations. The second half of the episode are additional discussions on various other topics including appraisals, fast food chains, reality TV shows, and the Super Bowl.

Today's podcast is brought to you by nCino, makers of the nCino Mortgage Suite for the modern mortgage lender. nCino Mortgage Suite's three core products -- nCino Mortgage, nCino Incentive Compensation, and nCino Mortgage Analytics -- unite the people, systems, and stages of the mortgage process. See how nCino can support a homeownership journey that your borrowers and your team will love at nCino.com.

Singapore shares opened on a positive note today after global equities ended the week mixed. In early trade, the Straits Times Index (STI) was up 0.3 per cent to 3,226.54 points after 50.4 million securities changed hands in the broader market.  In terms of companies to watch for today, we have Seatrium, after its unit Estaleiro Jurong Aracruz refinanced an existing facility due December 2023.  Meanwhile, from more on Sembcorp Industries and Singtel to Google making laptops in India, more corporate headlines remain in focus.  On Market View, The Evening Runway's finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.See omnystudio.com/listener for privacy information.

Mortgage refinances still make up 1/3rd of all mortgage applications - even though home loan rates have increased in the past 18 months. According to CNBC, refinance applications for new mortgages also recently increased. In this episode - D.O. discusses why this happening and how it could be beneficial for LOs, homeowners and the real estate industry. www.TLOPonline.com for MORE CONTENT!

Join Kellen Vaughan and Sean Zalmanoff in this week's episode as they show you effective techniques for maintaining strong connections with your past clients. Learn how staying engaged with past clients can significantly boost your opportunities for securing refinances, generating referrals, and ultimately fueling the growth of your mortgage business.5:15 – Preparing for When Rates Drop9:30 – Being a Resource 15:30 – Inspirational StoryTakeaways:Being visible to clients and those who have recently made purchases increases the likelihood of success. Building strong relationships and maintaining a presence can lead to better outcomes.Being a consistent resource cultivates lasting relationships. When you're known for providing valuable advice, people are more likely to turn to you for guidance.There are three main outcomes that come from the annual reviews: Number one maybe it's a cash refinance now, number two maybe it's referring one of our referral partners and number three is maybe it's a referral for us.Even though the mortgage industry can be challenging, consistent efforts yield positive outcomes over time.Quotes:“This job is stressful, but it's not rocket science. If you do the work, you get results.”“There is great opportunity for all of us to go make back some of the dollars that we haven't made over the last 18 months.”“A lot of our business is first time homebuyers, so we connect them with our financial planner. I don't get anything out of it other than an opportunity to be a resource to this homeowner during their financial journey.”“When you're being a resource than people think about you more often and turn to you for advice.”“The bottom line is even though the buyer thinks about us often during the homebuying process once it's done, they just forget us.”“These annual reviews are a way to stay top of mind.”“What activities can you do right now to help secure your future, put loans in the pipeline?”“You just need to do small things to get there and yield results.” Show Links:Community Platform: www.BecomeNL.com Podcast Partner: https://leadpops.com/mortgage/partners/nextlevel/  Social Media:Facebook - https://www.facebook.com/NextLevelLoanOfficers/ YouTube - https://www.youtube.com/channel/UCwSyHzkvBri1YWJSH7df1CQ LinkedIn – https://www.linkedin.com/company/next-level-loan-officers/about/

Got a question for the trio? https://forms.zohopublic.com/propertyplanningaustralia/form/GotaquestionforthePropertyTrio/formperma/zYCQAxzE_24CVlDafP1ozyzwtmB-8m1iCNtCTgDvHXMNow that our Stig (aka Sound Editor, Jamie) has sorted out our audio, we bring a new sound clarity to our listeners... we hope you enjoy!As our residential Australian property market ticks over to a ten trillion dollar value, Cate shares the August stats with our listeners and points out that the market is doing more than just demonstrating a recovery. The market is now moving reasonably solidly, and even Hobart's rate of contraction has slowed.While Dave is reluctant to call the bottom of the market for Hobart, he does point out the home value index, particularly for Sydney. Although he touches on the volatility of Sydney's performance over recent years. Dave highlights the sheer weight of some of our regions such as the Gold Coast and the Sunshine Coast, however he maintains that we have an increasing disparity between capitals and regions.Mike asks Cate about the mass exodus from city to regions, and whether there has been a reversal, but Cate clarifies her answer. "A regional city is very different to a coastal holiday hotspot." Tune in to hear more... Mike notes the crazy pace of change for unit rents, but Cate highlights the trajectory of Melbourne house rental growth and ponders the relationship between some of the tough reforms and taxes facing the southern city. Mike asks "How are rents still going so strong in Perth?" and Cate has a theory that links to Wage Price Growth. See our ABS chart to illustrate this.Moving on from the perks and perils of WA, the Trio turn their gaze to the rental vacancy rates. Mike ponders whether the vacancy rate has stabilised, but as Cate suggests, it can't get much lower.Cate shares the reality from the coal face in relation to listing volumes. "As quick as they can supply them, the buyers are grabbing them." Dave considers the impact of higher migration rates on the supply and demand ratio also. And as for the Westpac Consumer Sentiment Index... Family finance vs a year ago; a huge change for September. Things have tightened considerably and Cate debates whether the mortgage cliff has had effect, or whether 'talk' of the mortgage cliff itself is impacting sentiment. And finally, the major household item figures are declining in response to higher interest rates.Dave reports on the lending figures for August. Refinances hit a record high, once more and construction continues to tumble, demonstrating that we just aren't building new dwellings at enough pace. Dave note unsecured lending to find holidays is up, and this is not habit that we want to encourage. Mike shares a great saying that one of our industry friends, Pete Wargent voiced."Spend less than you earn and invest the difference."Dave and Cate pick out some of their most noteworthy segments from the August data... Listen in to hear what each spotted.And... time for our gold nuggets... Dave Johnston's gold nugget: Time in the market versus timing the market... Dave shares what investors should be basing their decisions on.Cate Bakos's gold nugget: Buyer sentiment, stock levels, and upgrading/downsizing... should people buy first and sell second, or vice-versa? Show notes:https://www.propertytrio.com.au/2023/09/18/ep-218-july-market-update-rental-increases-are-slowing-2/

wanting to cash out and refinance your home on appraised value, must now wait 12 months. for 1st time home buyers making under 64k, you can get 1,250 to 2,500 at closing after taking a class and getting your first-time home buyer certificateDidier Malagies nmls#212566DDA Mortgage nmls#324329#mortgagetune in and learn more at https://www.ddamortgage.com/blog Support the show

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week's podcast includes discussion of: - Norwegian home security system group Sector Alarm's #liquidity concerns; - Italian steel product manufacturer Cimolai's concordato proposal; - Spandex maker Lycra's #refinancing; and - Highlights of the European #primarymarket. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey For more information on our latest events and webinars: https://reorg.com/resources/events-and-webinars/ Sign up to our weekly newsletter Reorg on the Record: https://reorg.com/resources/reorg-on-the-record/ #leveragedfinance #highyield #restructuring #performingcredit #distresseddebt #debtrestructuring #leveragedloans

It looks like they mistakenly think he sold it. www.patreon.com/stevelehto

On this episode Sara and Justin check in with Natalie Salins from Movement Mortgage. They get an update on rates, learn about refinancing and fixed rates vs adjustable rates. Justin and Sara discuss who should buy in the current market and who should wait. We also talk about how to handle first-time home-buyer nerves.Natalie Salins:Natalie.Salins@movement.comhttps://movement.com/lo/natalie-salins/ Justin Webb:Justin.webb@exprealty.com310-963-2562Looking to Buy or Sell? Contact Sara Skelton!Submit your real estate questions for Ask Sara at http://theskeltongroup.com/podcast/You can reach The LA Real Estate Podcast at LArealestatepodcast@gmail.comFollow us: Instagram.com/LARealEstatePodcastSara Skelton - Realtor, eXp Realty Agent BRE# 01963998

Hello, and welcome to the Real Deals Show! In this episode, I will be chatting with Yishi. He and his wife Vivian are entrepreneurs in the design, remodel and building industry since 2014.  They started investing in real estate at the beginning of Covid after they had to shut down their business because the clients preferred not having anyone in and out of their houses. This left them thinking… What happens if this shutdown remains for a year?

On this episode I continue my discussion about mortgages.  I talk about the different types of refinances and how they can be beneficial.  I also provide some tips on how you can shave years off your mortgage payments.        Hosted and produced by Katherine Lankford Music by Sam Reeves https://youtu.be/0-fjhS6B-PY LendingTree: You Win Refinancing A Mortgage: How It Works | Rocket Mortgage 8 Proven Tips For Refinancing Home Loans | Rocket Mortgage Finance & Affirmations (podpage.com) Katherine@financeandaffirmations.org www.Financeandaffirmations.com @financeandaffirmations (62) Finance & Affirmations - YouTube

On this episode I continue my discussion about mortgages.  I talk about the different types of refinances and how they can be beneficial.  I also provide some tips on how you can shave years off your mortgage payments.        Hosted and produced by Katherine Lankford Music by Sam Reeves https://youtu.be/0-fjhS6B-PY LendingTree: You Win Refinancing A Mortgage: How It Works | Rocket Mortgage 8 Proven Tips For Refinancing Home Loans | Rocket Mortgage Finance & Affirmations (podpage.com) Katherine@financeandaffirmations.org www.Financeandaffirmations.com @financeandaffirmations (62) Finance & Affirmations - YouTube

Refinances are something that are often discussed between Mortgage Lenders and their clients, and they received a ton of press in Fall 2022 when rates skyrocketed.  But if you're new to home buying, getting a mortgage may be confusing enough, let alone getting a new refinanced mortgage down the road. In this episode, Brandon Frye, SVP or Mortgage Lending at Guaranteed Rate and Alison explain and discuss refinances - when to consider them, how they work, and why they can be a valuable tool for buyers and homeowners. Subscribe to our show and feel free to reach out to us on The RARE website or directly to Alison with comments and questions: www.theRAREdc.com | alison@theraredc.com IG: @theraredc

On this episode of the Investor Financing Podcast, Beau discussed the new flex bridge loan program for stabilized assets.

Rachel and Andrea discuss how elite investors are leveraging refinances to accelerate their wealth growth in the multifamily industry. They also play a clip from an incredibly inspirational speech about the RISKS of NOT investing! Join our meetup group! https://www.meetup.com/the-passive-investors-network-with-goodgood-investing/ Download our Passive Investor guides at: www.goodgoodinvesting.com –– **Under no circumstances should any material at this site be used or considered as an offer to sell or a solicitation of any offer to buy an interest in any investment. Any such offer or solicitation will be made only by means of the Confidential Private Offering Memorandum relating to the particular investment. Access to information about the investments are limited to investors who either qualify as accredited investors within the meaning of the Securities Act of 1933, as amended, or those investors who generally are sophisticated in financial matters, such that they are capable of evaluating the merits and risks of prospective investments. You should always consult certified professionals before making decisions regarding your individual financial situation. Rachel Grunn and Andrea Cwik are not financial professionals, and GoodGood Investing is not a brokerage, dealer, or SEC-registered investment advisory firm**

Refinances are dead, says Kenny Simpson of the Simpson Team. He discusses real estate. He talks about what high mortgage rates mean for the housing market, and notes that many lenders are going out of business. He also goes over how important it is to find an experienced loan officer who knows the current market. He then mentions what to know when looking to buy a home, as well as trends in the real estate market. Tune in to find out more about real estate and the stock market today.

Ridgefield School District has successfully taken advantage of current low bond interest rates to save taxpayers more than $2.5 million over the next 10 years. https://bit.ly/3LzfPdo #RidgefieldSchoolDistrict #RidgefieldPublicSchools #BondRefinanced #Taxpayers #2.5MillionSavings #LowBondInterestRates #BoardOfDirectors #Superintendent #NathanMcCann #BoardPresident #JoeVance #PaulaMcCoy #RidgefieldWa #ClarkCountyWa #ClarkCountyNews #ClarkCountyToday

Cary started his career in mortgage banking in July 1985. He became a producing branch manager in 1990 and has been in both roles ever since.   As your home loan advisor, he is genuinely interested in your financial success.  Understanding your financial goals, he can build a personalized mortgage solution for your unique needs.  Cary will keep you informed every step of the way to give you peace of mind about your new home. Cary has a deep understanding of the local housing market and can originate loans in all 50 states. He loves to build and maintain relationships.  Whether you are coming back for a refinance or you're a real estate investor looking to expand and diversify your portfolio though leverage, Cary can help you get to your goals.The Norris Group originates and services loans in California and Florida under California DRE License 01219911, Florida Mortgage Lender License 1577, and NMLS License 1623669.  For more information on hard money lending, go www.thenorrisgroup.com and click the Hard Money tab.Video LinkRadio Show

Cary started his career in mortgage banking in July 1985. He became a producing branch manager in 1990 and has been in both roles ever since.   As your home loan advisor, he is genuinely interested in your financial success.  Understanding your financial goals, he can build a personalized mortgage solution for your unique needs.  Cary will keep you informed every step of the way to give you peace of mind about your new home. Cary has a deep understanding of the local housing market and can originate loans in all 50 states. He loves to build and maintain relationships.  Whether you are coming back for a refinance or you're a real estate investor looking to expand and diversify your portfolio though leverage, Cary can help you get to your goals.The Norris Group originates and services loans in California and Florida under California DRE License 01219911, Florida Mortgage Lender License 1577, and NMLS License 1623669.  For more information on hard money lending, go www.thenorrisgroup.com and click the Hard Money tab.Video LinkRadio Show 

Bill Fairman 00:00:01 Hi everyone. Bill Wendy and Jonathan here. We're gonna talk about rich dad. Poor dad. Who's your daddy. Once again, greetings. Thank you so much for joining us on the real estate investor show hard money for real estate investors. We are Carolina capital management lenders in the Southeast for real estate professionals. If you would like us to take a look at one of your projects, please go to Carolina, hard money.com and click on the apply. Now tab, if you're a passive investor, looking for passive returns, go to the accredited investor tab and   Wendy Sweet 00:00:59 Send us some money.   Bill Fairman 00:01:00 That's right. Don't forget to like share most importantly subscribe, and then you can hit a bell too. If there's one available Wednesdays with Wendy it's. So unlike me to be so busy talking, I forget about   Wendy Sweet 00:01:26 The grand page. Yeah.   Bill Fairman 00:01:28 Anyway, Wednesday with Wendy is a volunteer thing that Wendy does to donate her time to anybody who wants to talk about real estate. She gives everyone 30 minutes, but get on the list, her calendar she's booked out all the time.   Wendy Sweet 00:01:47 Not all the time.   Jonathan Davis 00:01:47 All there's times available.   Wendy Sweet 00:01:49 Yeah.   Bill Fairman 00:01:51 Get it while it's high.   Wendy Sweet 00:01:52 Yeah, that's right.   Bill Fairman 00:01:53 Am I leaving anything out? Quest expo?   Wendy Sweet 00:01:56 Yeah, that's coming.   Jonathan Davis 00:01:59 There's a graphic for that.   Bill Fairman 00:02:14 It's coming up soon. Anyway. It is a great opportunity to meet like-minded people. You can get a 30% discount by using Fairman 30 and it's September the 23rd through the 25th. I highly recommend it.   Wendy Sweet 00:02:30 Great networking opportunity. Absolutely great opportunity to learn about all the different opportunities to invest your money. Yep. Right? Absolutely. There's a lot of stuff.   Bill Fairman 00:02:41 So do we have a, a question of the week by the week?   Jonathan Davis 00:02:45 Yeah. So the question of the week, and we'll, we'll follow it up later in the show as well, but in your opinion, you know, what is the difference between being rich and being wealthy? Hmm. And, you know, kind of a, you know, a caveat off of that is what are some strategies that you employ to build wealth now we'd, we'd love to talk about those next week. So anyone that puts it in the comments, we will be discussing it. And   Wendy Sweet 00:03:14 We'll actually be talking about that over the next few weeks. So yeah, there's, we've got a lot of great speakers and, and topics lined up to where we're really addressing building wealth versus getting rich because there's a big difference in the two and, and rich dad, poor dad is what came to mind when, when we were coming up with this and yep, absolutely great book. If you haven't read it and you've been living under a rock, if you haven't, but it's, it's a great book. Rich dad, poor dad by I think that's key.   Bill Fairman 00:03:49 So for breaking   Jonathan Davis 00:03:52 The news,   Bill Fairman 00:03:53 Breaking news,   Wendy Sweet 00:04:06 When was the last time your home was rated?   Bill Fairman 00:04:10 Last time I used bug spray. Yeah,   Wendy Sweet 00:04:13 That's good.   Bill Fairman 00:04:14 So the producer price index came out today for the month of July. That's basically what manufacturers pay for their goods before they're manufactured and then passed on to the consumer. It was slightly below what expectations were. But when you strip out food and energy, food is way up there. Yeah. Energy dropped and we all know that gas prices oil came down.   Wendy Sweet 00:04:48 Not much. We're still above where we should be.   Bill Fairman 00:04:50 Right? No, I get that. Yeah. But the point to this is that it's still into 9%, almost. It was 9.8%. They were expecting 10 something. So it's still high. They're still gonna manufacturers still have to push their cost increases forward. So we're, we're gonna be in inflation territory for, for quite some time. And unfortunately,   Wendy Sweet 00:05:14 If you wanna call it inflation   Bill Fairman 00:05:17 And the fed don't   Jonathan Davis 00:05:18 Call it recession. I mean,   Wendy Sweet 00:05:19 We're not,   Jonathan Davis 00:05:20 It is not a recession.   Wendy Sweet 00:05:21 That's right.   Jonathan Davis 00:05:22 Don't vote this November for not in a   Wendy Sweet 00:05:25 Recession donation. That's right.   Bill Fairman 00:05:28 So, you know, the fed is gonna continue to, to raise rates until they, I, I, I heard the chairman of the Minneapolis fed say that they're getting down to 2%, no matter what. So they will continue to raise rates until they get the inflation rate down to 2%, which means they're gonna continue to raise rates   Wendy Sweet 00:05:49 For a while. Yeah. Yeah.   Bill Fairman 00:05:51 I did wanna touch on the general mortgage outlook what's been going on. So I got this article from the mortgage news daily, and this is, this is based on refinancing. And I said last week it has picked up refinance index was up 3.5% from the previous week. It's largest gains it's June, but it was 82%, less than last June at this time. Just   Wendy Sweet 00:06:22 A little bit different.   Bill Fairman 00:06:25 We, we had Brian on a couple of weeks   Wendy Sweet 00:06:28 Ago, Brian Maddox.   Bill Fairman 00:06:29 And you know, if you're in the mortgage industry and you weren't paying attention to your purchase money business, you're in a world of hurt right now. Excuse me. I   Jonathan Davis 00:06:40 Don't know. You're up three and a half percent.   Bill Fairman 00:06:44 No, you're down   Wendy Sweet 00:06:45 82%. It's all on how you look at it. I was, I was at the airport at 4:00 AM this morning. That's a whole nother story. But while I was sitting there, I was reading about loan Depot, big company. They had 11,500 employees. They've laid off almost half of 'em.   Bill Fairman 00:07:08 Wow. Well, I didn't hear about half.   Wendy Sweet 00:07:10 Yeah. And they expect 900 more. Yeah. I hear they're going to be laid off. Yeah. So they're and they're stopping their wholesaling, which I thought was interesting. Yeah.   Bill Fairman 00:07:19 Well, they're not gonna have too many retail businesses that are gonna be using   Wendy Sweet 00:07:25 Them. Yeah. That'll be selling 'em now, you know, they're finishing out their pipeline, right. They're not leaving anybody hanging. Like it happened back in, you know, oh eight. But, but they're making some big changes.   Bill Fairman 00:07:36 Now, purchase applications decline 1% week over week, but they're, they're just down 19% from a year ago, which is still bad, but that's better than 82. If you're in the mortgage business, that's where you're gonna get your right. You know, your, your workflow from your cash flow. Now I thought was interesting was the size of the mortgages grew from now, these are refinances 378,000 to last, last week. It was 374 or no 374 7 is they've gone up, you know, $4,000. Almost obviously people are taking advantage of still having equity in their house. And in my opinion, if you're refinancing, now it's not rate and term it's, it's cash out. Refinances. People are hoarding a little bit of cash. Yeah. Or they're spending a bunch of their money with credit cards to pay for food and shelter and gas. Yeah. With their cards and they, they need more cash.   Jonathan Davis 00:08:47 Well, I mean, it could be rate term, probably not. I mean, you probably have some five, one and seven one arms that are coming due that are, you know, people have   Bill Fairman 00:08:54 To, if you, you had a five, one or a seven one arm in the last three or four years, you're on moron.   Wendy Sweet 00:08:59 That's crazy. Yeah. Crazy.   Jonathan Davis 00:09:01 Well, well, you wouldn't come due in the last three or four   Wendy Sweet 00:09:03 Years. Yeah, that's right. You would've been, you would've five years ago.   Jonathan Davis 00:09:06 Well, seven years ago.   Bill Fairman 00:09:08 My point is, why wouldn't you have refinanced before then? I mean, you couldn't qualify   Jonathan Davis 00:09:13 Well, remember in 2018, you know, mortgage rates were in the fives. Yeah. I mean, just that's four years. Guess   Bill Fairman 00:09:19 What? I mean, as soon as they got down below three. Yeah. Why wouldn't you have been refining?   Jonathan Davis 00:09:23 Well, I'm saying, so you'd be, you'd be refinancing from 2015 to 2018. Yeah. And yeah, I wouldn't, your rates would be pretty comparable to where they are now   Bill Fairman 00:09:32 Or higher, but that just means they're, they're going to an adjustable and yeah. You might wanna go to a higher fixed rate and be stuck with a higher adjustable and not knowing where it's gonna go. I get that. But I think again, unless you couldn't qualify, you should have already done that. So you're still more on or not paying attention.   Wendy Sweet 00:09:53 Do you have a graph that you wanted to show no online or that's just for us to look at. Okay.   Bill Fairman 00:09:59 That's that's going into our next segment. Oh, gotcha. But thanks for reminding me purchase mortgages prices rose to 416,300 from four 13. So we still have prices that are going up   Wendy Sweet 01:10:15 A little bit and that's nationwide too. So it's gonna be different depending on where you are located. Sure,   Bill Fairman 01:10:22 Sure. So average interest rate for a conforming loan was, you know, between it was 5.47 compared to 5.43, which is not a big deal. Here's what really surprised me though. Jumbo 30 year fixed the rate was 5.9% since when is a jumbo more expensive than   Jonathan Davis 01:10:45 5.09.   Bill Fairman 01:10:47 Yeah. Yeah.   Jonathan Davis 01:10:47 Okay. Yeah. 5.09.   Bill Fairman 01:10:49 Yeah. What did I say? 5.9. Yeah. Okay. 5.09. So barely a tick above five. So since when is jumbo rates lower than conventional rates?   Wendy Sweet 01:10:59 Yeah. Amazing. Huh?   Jonathan Davis 01:11:00 Because most loans are jumbo now with, you know, 4, 4 16 being the average loan   Wendy Sweet 01:11:05 Size.   Bill Fairman 01:11:07 And that really shocked me. Yeah. That is that's crazy. And it, this, this article, and again, it was in mortgage news daily, yesterday, you can get the whole thing, but they were showing these rates with, you know, some points, a little bit of points, but the points were basically the same. Yeah. For all of these, I'm just, I'm just shocked that the jumbos   Wendy Sweet 01:11:29 And the key to all this is how is that really going to affect real estate investors when they're trying to fix and flip properties, you know, how are the sales gonna change if they're, they're going to change. We still through all of this, have a shortage of housing. Yeah. You know, we're, we're still low on the housing. So, you know, things are still gonna be moving along.   Bill Fairman 01:11:53 Well, the, the one thing I want to add to this is that unless you're in California or certain areas of the country bubble units, you're not gonna be getting, if, if you're an investor, you're not getting a jumbo. So if, if those houses are, are moving, it's gonna be for more than likely people that are owner occupied. Sure. Yeah. In smaller units that are gonna have a lot of investors in. So as people are getting priced out of the market, the market will come back to them. Eventually wages still aren't keeping up with inflation, but at some point wages will, as inflation starts to come down and then prices on, on homes will, I don't wanna say flatten, but they'll get more realistic.   Jonathan Davis 01:12:42 Yeah. Yeah. Everything will adjust.   Bill Fairman 01:12:43 You keep beating the same drum here that this appreciation rate is unsustainable   Jonathan Davis 01:12:50 And it's a great time to be a landlord. Yeah. Yeah. That's a great job. Rent have never been higher. That's right. Rent's never been try.   Bill Fairman 01:12:57 All right. So we are going to talk about wealthy versus rich,   Jonathan Davis 01:13:05 Wealthy versus rich.   Bill Fairman 01:13:07 So what I'd like to talk about is the difference between getting rich in the stock market and getting wealthy in real estate. You have any thoughts on that?   Jonathan Davis 01:13:19 Do I have thoughts? I have a lot of thoughts on that. I mean, I'll focus more on the real estate size. That's more of my, my wheelhouse. There are so many different ways to invest in real estate and there's. And so you can be diverse between asset classes be between geography. You can, you know, have cash flow. You can have appreciation. We were just talking about unsustainable appreciation, but you can also have depreciation, which is a tax advantage. You can even hypothecate if you want. So, you know, it's just pledging an asset without conveying title. So there's all kinds of ways. And, and the thing to remember, I think for real estate is where the shiny object syndrome happens in, in stock market. My cousin put, you know, 10,000 in, on this stock and it blew up and he, now he's a millionaire that, you know, that's great.   Jonathan Davis 01:14:24 But the chances of that occurring are so minimal. Like it it's, it's it? Yeah. It's so tiny, but in real estate, you don't get that quick fix that everyone like, you know, like, you know, it's a headline, everyone just wants the headline. I made a, I made $400,000 when I sold this house. It was fantastic. Like that's not typical. It's, it's, it's not, it's a, it's a long process. Yes. And it's a long game that you have to play and you have to diversify yourself. But that long process is the wealth. That is where the wealth is generated. In that process. You can, you can get, become a millionaire in stock market overnight from some anomaly happening that you had no control over. It could have gone a thousand different ways, but it went this way for you. Congratulations. Now, what do you do with it? I suggest take that money invested in real estate, but you   Wendy Sweet 01:15:19 Know, yeah. Yeah. Plus, I mean, you talked about assets and all of that, you know, different classes, but not only that, but you can also choose to be active or passive in investing in real estate, whether you're funds syn syndications, or are you investing in individual people that, you know, are you buying notes? You know, there's   Jonathan Davis 01:15:43 Yeah.   Wendy Sweet 01:15:43 Are, are so many different things   Jonathan Davis 01:15:45 You're buying and selling notes. Are you buying performing assets? Non-performing assets, reperforming assets, commercial, residential, you know, mixed use, raw land, whatever, you know, what have you, I mean, there's so many different avenues you could do. You can do seller financing, you can create a note and then sell that note or sell a portion of that note, sell the first half of it and retain that the second half. Like there's, there's so many options. And again, I'm only speaking from the real estate side that I know, but I don't think you have that many, well, you have options in, in stock market, but I don't think you have, it's not the control tied with an asset.   Wendy Sweet 01:16:26 Right.   Jonathan Davis 01:16:26 That's, that's what we   Bill Fairman 01:16:27 Like. If you're confused about all the different ways and how to do this, how, how many people that are invested in the stock market know all the different ways to invest in the stock market. That's   Jonathan Davis 01:16:39 Right. Probably none of them,   Bill Fairman 01:16:41 Most of them just have money managers that they can say, okay, that sounds good to me. I did. I read an article yesterday from JP Morgan chase advisors and the, in the article, it was stating that the average investor after inflation ends up with about a 2.9 to 3.1% return. Wow. Over the 20 years, because they always buy it the wrong time. They sell it the wrong time. They pay too high of fees, all that stuff, taxes. Yeah. All, all that is involved because they, they don't know. They trust other people to manage it for 'em and if they try to do it themselves, they, they make even less money.   Wendy Sweet 01:17:28 Yeah. They run scared.   Bill Fairman 01:17:30 So through, if you'll put up that graph that shows the home prices versus the stock market since 1900. So it's the, here's the appreciation. And, and let's talk about, and, and I, I couldn't find one that went beyond 2010, really, that would show a long term in the market. So this is since the 1900 stock market versus home appreciation basically. So the red line is the stock market. And as you can see, they run fairly parallel through from 1900, all the way to 2010. So the values are basically the same. Yeah. The prices are basically,   Jonathan Davis 01:18:20 The only difference is you don't have steep losses and gains in the housing. As you do in stock.   Bill Fairman 01:18:27 Housing is, is pretty steady until you get to, you know, 2008 and eight where it went down, but it, you know, it recovered fairly well. Just like the snack market did in 2008. I mean, it dropped two. Yep. But here's a little difference in building wealth versus getting rich. Could you put that back up again, if you don't mind with that, the housing, those prices are the same, but the value is not in the price. The value is in the income that those properties pay. You let's switch over to that graph where I have the, there, there we go. And I know it's kind of hard to read this. This is the 30 year and the 20 year history of the S and P 500. And these are the returns for 30 years. The average return was nine point. I can't read   Jonathan Davis 01:19:24 That 9.84.   Bill Fairman 01:19:25 Yeah. 9.8, 4%. And then adjusted for inflation. It was 7.15. Now this is in price, right? If you're, if you own real estate and you're getting rental income from real estate, do you think you're gonna get somewhere in the seven to 9% return on those investments?   Jonathan Davis 01:19:48 I think most people that we work with get somewhere between seven and 12% on their   Bill Fairman 01:19:53 Investment. Okay. Now that's on the, we'll call it the dividend part on the real estate. Yeah. You're not gonna get a dividend like that in the stock market, your typical dividend paying stocks, number one are not going to follow that same trend line as far as pricing goes. And your dividend typically is gonna be between, depending on the company two and a half to 4% return. Yeah. Okay. With the housing market. We'll, we'll just say in single family, I'm not gonna talk about anything else right now, because the graph is based on single family housing, you are getting a seven to 9% increase over time, every single year with a few exceptions, but over time. Yeah. You're, you're getting that same appreciation as the stock market, but you don't get paid in the stock market until you sell. Right. Well, with real estate, you're getting seven to 9% returns. And then you get DEP profit. When you sell, if you decide to sell, plus you also get the tax advantages. Yep. With, with depreciation. Now, a lot of people are gonna say, well, yeah, that's fine and dandy, but I don't, I don't wanna be a landlord. That's a lot of trouble to get what   Jonathan Davis 02:21:12 Property management companies   Bill Fairman 02:21:14 Are for. That's right. You don't have to do it yourself. You can invest in funds that do the same thing that are that's right. Backed by the same assets. Yeah. Or you can get the same tax advantages that you can buy owning real estate because you essentially do own the real estate because it being an equity partner in a fund, you are one of the owners. Right. And you get those, those same tax benefits.   Jonathan Davis 02:21:37 Yeah. And you say all of those things that are included into the real estate and building wealth, and we, you know, sometimes get overlooked, but the amortizing loan, like you get to buy a property or, you know, or, or refinance or whatever you do with it, with to, and pay that loan in today's dollars for the next 30 years. Like the value of that is immense.   Bill Fairman 02:22:05 Let's touch on. Yeah. Leverage. So you can do the same thing in the stock market. You can leverage, you can get loans to buy more stock and you have money to buy the stock with. Yeah. But what happens if the price of that stock goes down? Oops, what is your lead forage happen? What happens? You either you have to sell   Jonathan Davis 02:22:24 Called. Yeah.   Bill Fairman 02:22:25 You either have to sell, or you have to put up more money because that leverage is based just like on a house, a percentage of the value. So if the value drops, you have to bring your percentage back up again by either adding cash or selling the asset. Yeah.   Bill Fairman 02:22:41 And the housing market, it doesn't matter if the price of the house drops, they're not calling your loan or making you put up any more money. No. The only time you would have to put up more money is if you had to sell for some reason and you owed more than, you know, what the mortgage before, or, or yeah. You couldn't sell it for what the mortgages were. Yeah. And, and again, and I'm gonna continue to quote this until the day I'd die, because it's a great quote from David Phelps, the house doesn't care what it's worth.   Jonathan Davis 02:23:11 That's right.   Bill Fairman 02:23:12 It's still producing an income. Yeah. And even in down times, recession periods, people still need a place to live. They still need to eat. And in real estate, you're providing them with a place to live. Now, there is very important. Sure. If you're in certain states, they may, the government may come in and say, I'm sorry, these people can't afford it. And we're not gonna let you a victim.   Jonathan Davis 02:23:41 Yeah. Yeah. That's why we don't like to do business in those states. So you have to be,   Bill Fairman 02:23:46 You know, due diligent about where you buy your real estate.   Wendy Sweet 02:23:50 Right. Right.   Bill Fairman 02:23:51 Very important. So that does happen.   Wendy Sweet 02:23:55 But not in most places. Yeah. That's not happening in most places.   Jonathan Davis 02:23:58 Yeah.   Bill Fairman 02:23:58 And most people wanna pay their rent. You are gonna get people that play the system. But in most cases, you're gonna get people   Wendy Sweet 02:24:06 That wanna pay. You know, another thing that I think we should touch on too, is, you know, when we talk about building wealth, you talk, we were talking about all the advantages you get when you're in real estate versus being in the stock market. Well, if you, when you're getting into real estate, that be careful about how, what dollars you're taking money from, you know, are you investing with a IRA, 401k, or are you investing with cash knowing that if you're owning property, you don't really wanna use your IRA to own the property because then there's so many other advantages tax advantages that you're not gonna get using your IRA.   Jonathan Davis 02:24:51 Yeah. The   Wendy Sweet 02:24:51 Depreciation ver versus using cash for that. So, or   Jonathan Davis 02:24:57 Someone else's   Wendy Sweet 02:24:57 Money. Yeah. So leverage, so make sure you, you, you are investing from the right pool, buying the right things from the right pool. Does that make sense? Yeah.   Jonathan Davis 02:25:08 Yeah. Absolutely.   Bill Fairman 02:25:09 There are rules you have to follow with self-directed retirement accounts. And we've always found that if you're investing your retirement account, be a lender in a business that does is not tax advantage. Then that's where you put your IRA in. Yeah. If you're investing in something that is tax advantage, you're not getting that advantage because you're already using money. That's tax deferred or tax   Wendy Sweet 02:25:38 Exempt. And it's not a bad investment. No, it's just not as, Wise's not,   Bill Fairman 02:25:42 You're not utilizing your, all the benefits. Yeah. All the benefits entitled. Yeah. I have one other thing I wanted to talk about on this subject, but I'm old and I forgot   Jonathan Davis 02:25:53 Why I'm thinking about it. Let me share the, the question of the week again. So we, you   Wendy Sweet 02:26:11 Type fast. I know, right?   Jonathan Davis 02:26:13 We want to know, in your opinion, what is the difference between being rich and being wealthy and then what do you do to achieve being wealthy? We assume that's what you want.   Wendy Sweet 02:26:25 Yeah. So how can people answer this question? You can do it right online watching this.   Jonathan Davis 02:26:30 Yeah. You can believe in the comments and we'll, we'll pull it from the comments,   Wendy Sweet 02:26:33 Whether we're live or recorded. It doesn't matter. We're still gonna see it. Yeah.   Jonathan Davis 02:26:37 We're pull it in. Glad   Bill Fairman 02:26:38 You didn't say dead.   Jonathan Davis 02:26:40 We're gonna talk about it next week. Cuz we're interested to see what other people are doing. Yeah. What, what strategies you all are employing to build wealth or get rich. I don't know what, whatever you wanna do.   Bill Fairman 02:26:53 Excellent. So   Wendy Sweet 02:26:55 Nothing wrong with both.   Bill Fairman 02:26:56 Does anyone have a last word?   Jonathan Davis 02:27:00 So last word. I don't know. Like   Wendy Sweet 02:27:09 Hypothecate yeah, that was a good one.   Bill Fairman 02:27:13 That's it?   Jonathan Davis 02:27:14 Hypothecate hypothecate do it if you can, because you do not have to convey title   Wendy Sweet 02:27:20 And then for next week.   Jonathan Davis 02:27:22 So we're gonna, we're gonna close out here. It's been great. Hope. It's been entertaining and hope. You've learned something next week. We're going to have Dean Rogers on with us and we're gonna be talking, you know, former   Wendy Sweet 02:27:36 FF N NFL football player. Oh, turned apartment. Yep. Fish a good one.   Jonathan Davis 02:27:44 Yeah. So, so we're gonna talk about building wealth versus getting rich. It's kind of a thing that we're going with here. And again, we'll have Dean Rogers with us. So guys it's been great. If, you know, remember we are Carolina, hard money, Carolina capital management, go to Carolina, hard money.com and you can click on the investor tab. If you would like to invest into our fund, a passive investment that gets outsized returns. You can click on the borrower tab and fill out an application if you would like to borrow money for fix and flip new construction, short   Wendy Sweet 02:28:15 Term and long term, right? Yeah.   Jonathan Davis 02:28:17 Multifamily. And we do long term rental loans as well. So it anything else to add guys,   Bill Fairman 02:28:23 See you next week.  

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market. Join Alex Whitlock, Annie Kane and Kate Aubrey as they discuss the RBA's cash rate decision, the refinancing boom and lending data trend analysis, and all eyes on Suncorp's latest results. This week, they discuss: How lenders reacted to the August cash rate decision  A new record for refinancing Suncorp Bank's FY22 results And much more!

Cash out Refinances, HELOC, HEL, Personal Loan-Differences Between Them

Jeremy Mathis, Co-Founder and CEO of the Freedom Cash Home Buyers sits down with Stratt to talk about  Show notes:  - The Mathis Twins' business journey - The biggest lesson from selling their company - How to make money with your passion - Who is the vissionary and who is the integrator - Masterminds and Entrepreneur Organization - Getting a mastermind together - Transitioning to real estate  - Catching momentum, cold calling, pay-per-click deals, and $100k months - Going nationwide - Where to make the most money without employees - Keeping people in the organization  - KPIs, core values, and doing what's best for the organization - Hiring people with the right mentality and setting expectations - What are you doing to develop as a leader - How to get better people into the organization - Setting your company culture up the right way - How to make $600,000 in 9 months off of refinances - Building relationships with lenders - Know who to not take money from - The Mathis' Portfolio - Jeremy Mathis Closing

HECM Refinances Surge Again. Is the End Near? Many believe a comfortable retirement is out of reach Why the Swiss are saving money by not paying off their mortgage

Mortgage rates continued to surge higher last week, and that brought borrowers out of the woodwork, looking to refinance. While that might seem counterintuitive, given the higher rates, there are still a significant number of borrowers who could benefit from a refinance, and they may have been worried that this was their last chance.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 3.78% from 3.72%, with points decreasing to 0.41 from 0.43 (including the origination fee) for loans with a 20% down payment, according to the Mortgage Bankers Association. That was the highest rate since March 2020. One year ago, the rate was 86 basis points lower.LIKE & SUBSCRIBE for new videos everyday. https://bit.ly/3fs6dBUSupport the show (https://www.patreon.com/seattlerealestatepodcast)

Yea... I'll act like a brother, even a younger uncle... but not your father SMH Maximizing a property that you were gifted: Cash out Refinances. New Construction Project. Looking for Cap Rates. LTV and LTC bank criteria. --- Send in a voice message: https://anchor.fm/tyler-winder/message

In this episode, Beau talks about cash-out refinancing your short-term rental properties. Thanks for watching!

Episode 4Interview with Marco Sierra discussing Notaries duties and different services they provide.  From there websiteQwik Mobile Notary provides Mobile Notary Service, Signing Agent Service, and Process Service to both corporate and individual clients throughout the El Paso area. As the premier Mobile Notary Public service in El Paso Tx, we have the expertise, knowledge and experience to handle your most confidential documents with care and precision. Additionally, in support of our mobile notary public service, we also offer Process Service in El Paso and the surrounding counties. Our strategy has always been centered around building strategic relationships with Title companies, Law Firms, and the general public to generate a stream of satisfied repeat customers. Registered in all 254 counties in Texas as a “State of Texas notary public”, we also have connections to traveling notaries across the State to satisfy your signing needs from certified notary public signing agents. Our diligent presence makes it easy to find a notary in Texas. We come to you for all you Notary service needs"Power of AttorneyLoan SigningMobile Loan SigningApostille ServicesWeekend Loan Signing7 days a week loan signing5-10pm loan signingLoan signing servicesMobile Mortgage Loan Signing 24/7 mortgage loan signingSigning Agent after 5pmEl Paso Mobile Loan SigningMedical Power of AttorneyWillsMedical DocumentsEmployment Documents (I-9)Attorney On-Staff with 24/7 access to jail inmates for needed signaturesAttorney On-Staff to draft your last minute Wills and/or Power of Attorney docs.Loan Documents – Purchases, Refinances, Reverse, 1st and 2nd'sHELOCsReal Estate Documents – Quitclaim Deed, Grant Deed, Deed of TrustTransfer of OwnershipCorporate DocumentsRush Process Serving – subpoenas, citations,    writs, notices, TROsLast-minute process serving in the El Paso Area (Las Cruces, Juarez, MexicoEmail Status updates for up to the minute process serving statusRush Subpoena preparation service availableDocument delivery, pickup, and filing citations with the courtLocation service tracking available for difficult to find defendants or witnessesQWIK Mobile Notary PublicAddress: 11860 Vista Del Sol Dr Ste. 220, El Paso, TX 79936Open 24 hoursPhone: (915) 302-0902Website: https://mobilepublicnotaryelpaso.com/

We Saved a Borrower $2,262 a Month!! Yes, you read that right! We were able to use the equity in their home to pay off credit cards and current mortgage to save them $2,262 a month! Let me say it again ……. $2,262 a month in savings! That is life changing! This is called a cash out refinance and many people are looking towards this to pay off their credit cards and/or installments loans. We closed several last month that saved people hundreds of dollars a month. Homeowners in Florida have more equity in their home than they think. You may be surprised! I do Mortgages for a living, if I can ever help you buy or refinance a home let me know! · Apply for a mortgage now at https://timhart.floify.com/apply-now · TEXT “APPLY” to 239-437-4278 · Call me or text me 239-910-5668 · Talk to my team were here to help! 239-437-4278 · Check out my website www.TimHartJr.com Connect with me on Social Media YouTube - http://bit.ly/2Ourk8c Instagram - https://www.instagram.com/timhart453/?hl=en Facebook - https://www.facebook.com/TimHartJr LinkedIn - https://www.linkedin.com/in/timhartjr/

Coles has refinanced $1.3 billion worth of debt with ‘sustainability linked loans'.   Medibank Private has achieved a profit bonanza, largely thanks to its cheaper brand for young Aussies, AHM.   TikTok has announced it is moving into the e-commerce space with a new Shopify partnership.   ---   Save money and win cash prizes up to $250k weekly: https://bit.ly/Wintheweek Get your credit score for free: https://bit.ly/fluxcreditscore Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play Store): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Instagram: http://bit.ly/fluxinsta TikTok: https://www.tiktok.com/@flux.finance   ---   The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes. See omnystudio.com/listener for privacy information.

HECM-to-HECM Refinances are not growing our market Idaho homeowners are in a property-tax nightmare Will we see a wave or a trickle of foreclosures?

Adam Wolbarst recently financed 6 of his rental properties.  His unique approach of qualifying opportunities as a real estate investor, and experience during his refinancing process, made us want to pick his brain about the lessons he learned, and information he wishes he had prior to refinancing.This conversation with Adam will help you understand:- When does it make sense vs not make sense to refi- His 3 step process for qualifying investing opportunities- How he leverages his real estate network to grow his portfolio- And much more!Join us as Adam shares his experience with you so you can truly understand if refinancing can work for you!

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If you're about to secure a mortgage, here's something you might want to consider regardless of whether it's a purchase, refinance or renewal. Make the mortgage readvanceable.What does readvanceable mean?Firstly, a readvanceable mortgage starts out as a typical mortgage where a specific portion of your payment goes towards the interest charge and the rest gets directly applied towards the mortgage principle gradually paying it down over time, thereby, building equity in your home. But this is where the similarities stop and the readvanceable mortgage begins to impose its leading characteristics.Firstly, readvanceable mortgages include at least two components; a regular principal-interest mortgage and a Home Equity Line of Credit. The supplementary Home Equity Line of Credit acts as the primary component that allows the mortgage to become readvanceable. A mortgage becomes readvanceable when the first mortgage payment is made and it continues on until the mortgage is eventually paid off. But here's where it gets really interesting. As the mortgage principal is getting paid down (with every mortgage payment), the corresponding Home Equity Line of Credit limit increases proportionately by the precise amount of the principal pay down. So let's say you have a $500,000 mortgage with a monthly payment of $2,175 with $1,275 going towards principal and $900 towards interest. In a readvanceable mortgage, the $1,275 allocated towards the principal would instantly increase the Home Equity Line of Credit portion by the same precise amount. Furthermore, you can also access/withdraw the proceeds within days of your most recent mortgage payment, hence the term, readvanceable.So after 5 years, the total principal pay down on the fixed portion of the mortgage would be $79,047. This figure would also directly translate to an increased Home Equity Line of Credit (HELOC) for precisely the same amount. And lastly, payments are only payable on the balance owing...unused funds will remain fully accessible into the future for as long as you own the home. Interest is typically calculated and determined based on a small premium on Prime Rate (currently 2.45%). As of today, the best Mortgage Line of Credit is at Prime + 0.50%. For every $100,000 of borrowed HELOC proceeds, $245.83 is charged on a monthly basis. In addition to making the interest only payment on HELOC proceeds, one could also arrange to increase the monthly payment as aggressively as they desire.BENEFITS of a READVANCEABLE MORTGAGE:flexibility in payments (interest only payments, principal-interest payments, or combination of both)excellent interest rates and flexibility to allocate particular mortgage amounts to specific mortgage terms and amortizations divide your HELOC proceeds into as many as 14 unique sub-accounts and receive dedicated statements for each account (this is especially valuable when using HELOC proceeds for investment purposes as you can source and verify the precise tax deductible interest charges...your accountant will appreciate this!)excellent way to build an emergency supply of fundsno need to ever re-apply for a refinance as home equity is automatically converted to a fully accessible HELOC. This also eliminates legal fees associated with refinancing a mortgagefunds can quickly and conveniently be diverted to purchasing units in a mutual fund, thereby creating a tax deduction on the monthly interest payment (consult with your accountant and financial planner on investments and tax deductions)DISADVANTAGES of a READVANCEABLE MORTGAGE: if you have less than 20% equity in your home, you are not eligible for a readvanceable mortgage (the precise equity is determined based on a lender-selected appraisal)if you find access to money or credit tempts you to spend more than you can afford, think twice before applying for a readvanceable mortgage. If you get one, you might find it "too easy" to spend money and avoid paying down debtSUMMARY:Readvanceable mortgages are excellent mortgage products for various reasons and are especially popular amongst self employed applicants as they often value the ability to have access to large amounts of cash at preferred terms. Readvanceable mortgages are also (somewhat) safeguarded against applicants who may tend to run up the balance unnecessarily as the barrier to qualify for them is quite high (above average credit scores are required to qualify for readvanceable mortgages). Refinances are limited to 80% of the appraised value of your home, but readvanceable mortgages are capped at 65% (the remaining 15% of refinance proceeds cannot be readvanceable).Contact Marko, he's a Mortgage Broker!604-800-9593 direct Vancouver403-606-3751 direct Calgarymarkogelo.comFacebook@markogelo (Twitter)MarkoMusic (SoundCloud Account)...all podcast music tracks are performed and produced by Marko See acast.com/privacy for privacy and opt-out information.

Today's HousingWire Daily episode features a crossover episode of HousingWire's Housing News podcast. In this episode, HousingWire Editor in Chief Sarah Wheeler interviews Jennifer McGuinness, president of correspondent lending at Invigorate Finance.In this episode, McGuinness discusses the SFR model and her opinion on the investor vs owner mix when it comes to housing. Additionally, she touches on the vision for her newly launched company, as well as this year's purchase market. 

This week, HousingWire's Editor in Chief Sarah Wheeler interviews Jennifer McGuinness, president of correspondent Lending at Invigorate Finance. In this episode, McGuinness discusses the vision for her newly launched company, as well as this year's purchase market and the nation's lack of significant housing inventory. The Housing News podcast explores the most important topics happening in mortgage, real estate, and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire's news desk. Hosted by Sarah Wheeler and produced by Alcynna Lloyd.

This week’s question comes from Ricky on the Real Estate Rookie Facebook Group. Ricky is asking about the pros and cons of using a cash out refinance vs. using a HELOC (home equity line of credit), especially since you can pay down a HELOC and use it over and over again.Many real estate investors take advantage of HELOCs since you can get them for your primary residence or a rental property. That being said, HELOCs can come with variable interest rates and can be closed once up for renewal. Here are some points to consider:First see if your primary home qualifies for a HELOC, if not, go the commercial routePrimary residences will get better interest rates compared to commercial HELOCsCash-out refinances are a great way to get equity that's been built over time with a low interest, long-term loanHELOCs may require you to take out from them every year, or be penalized You may be able to get HELOC closing costs waived, unlike on a refinance And More!If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).Check the full show notes here: http://biggerpockets.com/rookie72

Saturday, April 17, 2021

It’s interesting that while appraisals are such an important piece a loan they can vary so much depending on the appraiser. Every loan for the most part (unless it’s a hard money loan) will require an appraisal. This provides the bank or person issuing the loan with a realistic value of the property so they can feel comfortable lending on the property. But what happens when the appraisal is less than what you were expecting? What happens if there are no competitive sales to help value the subject property? How exactly are appraisals valued? We’ll answer those questions and more this week: Why most all lenders will require an appraisal What happens if the appraisal is less than the purchase price?  What methods to appraisers use to value a property?  Commercial vs. residential The problem with today’s crazy market!  Want a crash course in just two days with everything you need to know to find, acquire and operate a short-term rental with passive operations? Good news! We have our latest live webinar recording available! Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well. You can find all of our links here including our website, webinar, Instagram and more!

The mortgage professionals from Omega Lending Group, finalists in the Detroit Best of the Best Mortgage Lender for 2020, will discuss the current market and what's hitting the headlines. Listen now!

Here are some critical investment property tax hacks. If you use the tax system properly, you could end up never paying income tax on your rent or a capital gains tax on the profit you can make from the sale of a property. If that sounds like a bold statement, allow me to elaborate:  Let’s say you bought a property for $250,000, then rented it out for a net cash flow of $10,000 a year. Clearly, this is a profit. However, the IRS considers your investment property as a business, and they require you to depreciate the building. There’s a certain formula they expect you to use when calculating that depreciation: the initial value of the property divided by 27.5 years. In our example, your $250,000 property depreciates by roughly $9,000 per year.  “A 1031 exchange is when you use the profit of your sale to purchase another rental property, in which case you wouldn’t have to pay capital gains tax.” On your tax returns, you’ll list that depreciation as an expense. Essentially, the money you collect from rent and the annual depreciation will offset each other, allowing you not to pay any income tax on your cash flow. Later on, let’s also say you want to sell that original property and buy another one for $300,000. If you sell it the regular way, you’ll have to pay capital gains tax on the profit. However, you could do what’s known as a 1031 exchange. That’s when you use the profit of your sale to purchase another rental property, in which case you wouldn’t have to pay capital gains tax. Basically, you’re deferring the taxes for later—but that ‘later’ never has to come around.  Instead of selling that second property for $350,000 and paying 20% on taxes, you can do a cash-out refi. Let’s say the appraisal comes in right at $350,000, and the lender gives you up to 75% of the value. So you get a $260,000 loan. You’d pay the first $200,000, then put $60,000 cash in your pocket to spend however you want. The IRS does not consider refinancing as a taxable event. That’s because the $60,000 you put in your pocket is still owed to the bank.  What you’re doing is putting a higher lien amount on the property. By pulling the money out, your payment goes up slightly. That’s precisely when the rent should be raised to support the higher mortgage payments.  If you have further questions on this or any other real estate topic, don’t hesitate to reach out via phone or email. I’m always here to help, and I look forward to hearing from you.

Even as Rebecca interviewed people who had shaved hundreds off their monthly mortgage payments — giving them increased financial security in the midst of a recession — and spoke to coworkers and friends about how the historically low rates had benefited them, she put off doing one of her own. After low mortgage rates won a 2020 Loopie Award for Brightest Glimmer of Hope (Besides the Vaccine), her podcast editor suggested to stop dilly dallying and to document her journey so listeners might learn from her experience. So she did. Connect with Rebecca Schuetz.   Support the show: https://offers.houstonchronicle.com/?offerid=125&origin=newsroom&ipid=podcast See omnystudio.com/listener for privacy information.

Announcement by GSEs… assessing risk of the refinance market..We've seen a tightening of credit due to the current crisis… Fannie and Freddie have taken a bigger share…Opportunity for an increased refinance market… at 50 basis points, the cash position will increase rapidly…The flood of refinances, margins at their widest levels… so it's a 50 basis point tax on refinances…The academic view vs the view from inside… understanding the impact of a decision…There's a finite amount of capital available… lenders need to adjust their lending… impact on Independent Mortgage Bankers…The importance of the relationship between Independent Mortgage Bankers and Warehouse lenders… you could see the availability of funds from Warehouse Lenders constrict in the next 6 -12 months…A look at monthly volume growth at GinnieMae… churning the portfolios…Investors are reluctant… it's a domestic market, not an international market…They're making money… you've got to be able to support your infrastructure… because this will go away…A look at the rising FICO scores and the age bracket 50+ in the market…There's a huge pipeline of delinquencies that are about to hit… delinquencies tied to unemployment rate…There is an increase in delinquencies ahead of us… period. Refinances are propping up the current market…100 million Americans rent their housing now… 28.9 – 39.9% are at risk of eviction in 2020…Only those who are forward-thinking are preparing for when the bottom is going to fall out… Announcement by GSEs… assessing risk of the refinance market..We've seen a tightening of credit due to the current crisis… Fannie and Freddie have taken a bigger share…Opportunity for an increased refinance market… at 50 basis points, the cash position will increase rapidly…The flood of refinances, margins at their widest levels… so it's a 50 basis point tax on refinances…The academic view vs the view from inside… understanding the impact of a decision…There's a finite amount of capital available… lenders need to adjust their lending… impact on Independent Mortgage Bankers…The importance of the relationship between Independent Mortgage Bankers and Warehouse lenders… you could see the availability of funds from Warehouse Lenders constrict in the next 6 -12 months…A look at monthly volume growth at GinnieMae… churning the portfolios…Investors are reluctant… it's a domestic market, not an international market…They're making money… you've got to be able to support your infrastructure… because this will go away…A look at the rising FICO scores and the age bracket 50+ in the market…There's a huge pipeline of delinquencies that are about to hit… delinquencies tied to unemployment rate…There is an increase in delinquencies ahead of us… period. Refinances are propping up the current market…100 million Americans rent their housing now… 28.9 – 39.9% are at risk of eviction in 2020…Only those who are forward-thinking are preparing for when the bottom is going to fall out… 

Announcement by GSEs… assessing risk of the refinance market..We’ve seen a tightening of credit due to the current crisis… Fannie and Freddie have taken a bigger share…Opportunity for an increased refinance market… at 50 basis points, the cash position will increase rapidly…The flood of refinances, margins at their widest levels… so it’s a 50 basis point tax on refinances…The academic view vs the view from inside… understanding the impact of a decision…There’s a finite amount of capital available… lenders need to adjust their lending… impact on Independent Mortgage Bankers…The importance of the relationship between Independent Mortgage Bankers and Warehouse lenders… you could see the availability of funds from Warehouse Lenders constrict in the next 6 -12 months…A look at monthly volume growth at GinnieMae… churning the portfolios…Investors are reluctant… it’s a domestic market, not an international market…They’re making money… you’ve got to be able to support your infrastructure… because this will go away…A look at the rising FICO scores and the age bracket 50+ in the market…There’s a huge pipeline of delinquencies that are about to hit… delinquencies tied to unemployment rate…There is an increase in delinquencies ahead of us… period. Refinances are propping up the current market…100 million Americans rent their housing now… 28.9 – 39.9% are at risk of eviction in 2020…Only those who are forward-thinking are preparing for when the bottom is going to fall out… 

Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL) are about to split their stocks, and both have been rocketing higher since making their announcements. Is a split really a meaningless numbers game, or does it add actual value for investors? Also, reports are showing that short-selling is at a 15-year low, and host Jason Moser and Fool.com contributor Matt Frankel, CFP discuss what it means for the stock market and investors in general. Finally, the pair discusses an unpopular cost increase set to hit mortgage refinancers, and talk about why Rocket Companies (NYSE: RKT) and Bill.com (NASDAQ: BILL) are on their radar this week.  Check out more of our content here: StockUp, The Motley Fool's weekly email newsletter Podcasts Youtube Twitter Reach us by Email @ IndustryFocus@fool.com

fhfa increase fees a .5 what does that mean in terms of ratewill it differ from purchasesdisclosures from the lenderis it different than from title and what we did originallyhttps://www.ddamortgage.comdidier malaiges nmls#212566dda mortgage nmls#324329 Support the show (http://www.ddamortgage.com/blog)

Every week, I go over news that can affect Bay Area Real Estate. I look into news and data that can affect the Silicon Valley Real Estate Market. Tune in weekly and ask me anything! New fee of 0.5% on mortgage refinances https://www.housingwire.com/articles/new-fee-on-mortgage-refinances-could-cost-homeowners-1400/ UWM announces 1.99% rate for 30 year fixed rate mortgage https://www.housingwire.com/articles/uwm-announces-1-99-rate-for-30-year-fixed-mortgage/ Average U.S. mortgage rates rise from record low https://www.housingwire.com/articles/average-u-s-mortgage-rates-rise-from-record-low/ Mortgage applications up 6.8% https://www.housingwire.com/articles/mortgage-applications-are-up-6-8-with-refinance-activity-leading-the-way/ When it comes to home sales, August is the new May, keeping agents busy into the fall https://www.housingwire.com/articles/for-home-sales-august-is-the-new-may-keeping-agents-busy-into-the-fall/ Latest Market Data for all counties in the Bay Area https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing -- Want to talk about your real estate goals? Find a time on my calendar! Looking for a real estate agent in your city? I have a network of top producing agents around the country. Email me and I can put you in contact with an agent in your area. Spencer@SpencerHsu.com

Every Tuesday, I go into detail a question I frequently get asked. Should you use a local bank vs online bank for bay area home loans. While interest rates are always very important, there is one piece you need to be most aware of. Online banks have gained significant market share over the years claiming to be very customer centric and streamlining the process. They even advertise some of the lowest rates you will see! Check this latest ad out from Quicken Mortgage. They are offering loans for under 2% for a 15 year fixed rate! And they are not the only ones. They are clearly doing very well as their parent company, Rocket Mortgage just IPOed last week making Dan Gilbert the 28th richest person in the world. But, should you use them for your home loans here in the Bay Area? It depends. Let's talk about home purchases first. While these online banks are commonly used in a lot of markets across the country, they don't do many purchases here in the Bay Area for several reasons. Because of how fast properties move, the time it takes to close is very important. They don't have the same sense of urgency to be competitive with the banks that are local. Many banks even as busy as they are today can close as fast as 15-18 days. 2nd online banks don't have local contacts that you can chase! The benefit with working with someone local is that reputation matters a lot. It means a lot to me as a top Realtor for future transactions, but also for them to do a good job so that they can get future business with you.. They have much more on the line with their credibility than someone that doesn't have a focus of a particular area.. Last but not least, it is the ability to actually close the loan! When you are in contract, you would have 3% EMD or Earnest Money Down. This is your commitment amount that you need to fulfill the loan. No slight interest rate improvement is worth this risk! I've personally seen many of these loans claim that they have these amazing interest rates, only to fall out of contract weeks later jeopardizing the entire deal and the buyer's EMD altogether. Now where is it a good option? Refinances are a great solution because you don't have the time constraint and the monetary risk of breaking a contract. You are welcome to shop around and try to get those teaser rates. Worse comes to worse, the refinance doesn't go through so while you lose time and have a headache, at least you aren't losing tens of thousands of dollars. Just be wary of the fine print. A lot of banks can go very low if you pay points. Think of interest rates and your closing costs as a sliding scale. Anybody can go really low if they are willing to pay a higher closing cost for it. Let's look at that same teaser rate, while the rate is at under 2%, the closing costs are at close to 1 point which is a lot of money here in the Bay Area. -- Want to talk about your real estate goals? Find a time on my calendar! Looking for a real estate agent in your city? I have a network of top producing agents around the country. Email me and I can put you in contact with an agent in your area. Spencer@SpencerHsu.com

According to the ABS, the number of people refinancing their mortgage increased by over 63% in the year to May 2020. Quite often people think the only reason to refinance is to obtain a lower interest rate. However, this thinking is incorrect. Typically, you don’t need to refinance to obtain a lower interest rate (more about this below). As an experienced investor myself, I can tell you that there are far more important reasons to refinance your loans.What is a refinance?This might sound like a basic question. However, there are two types of refinances; internal and external. A refinance essentially involves entering into a new loan agreement. You can do that with your existing lender/bank, and this is called an internal refinance. Alternatively, you can switch to a new lender and this is called an external refinance. This distinction is important for my discussion below.The first two reasons are the most importantOver the past 20 years, the primary motives for refinancing my personal mortgages were because of the first two reasons below. I’ll share why later in this blog.Reason # 1: restructure your loansYour loan structure can have a big impact on your cash flow and ability to invest. Restructuring your loan repayments, how loans are secured, loan terms and so on can provide substantial financial benefits. Here are a few examples:Resetting your interest only termAs I explained in a blog last year, interest only terms typically run for 5 years only. Once that initial 5-year term expires, most (but not all) lenders allow borrowers to rollover onto an additional 5-year term. However, once you have used two 5-year terms, the only way to get another is to complete an external refinance, and switch to a new lender.Resetting your loan term to 30 yearsAlmost all loan contracts are based on a 30-year loan term. If you elect to repay interest only, then your 30-year term will be split into two parts; one 5-year interest only term and the remaining 25-years on principal and interest (P&I) repayments. Therefore, if you use two 5-year interest terms (a second interest only term is typically only permitted for investment loans) and then switch to P&I repayments, your repayments will be based on the remaining term of 20-years. This will increase your minimum repayments. For example, repayments on a $800,000 loan over 20 years are approximately $4,440 per month. However, refinancing the loan to back to 30-years reduces the repayments to $3,380 per month thereby improving a borrower’s cash flow. You can achieve this by completing either an internal or external refinance.Release security, especially if you are planning to sell a propertyIt is important that loans are structured correctly to minimise your risk (minimise security), maximise control and ensure tax deductions are never compromised. To this end we often assist clients in restructuring their loans which could include unwinding cross-securitisation, consolidating loan accounts, splitting accounts, releasing property as security and so on.If a client plans to sell a property, we will consider doing two things in advance. Firstly, where possible, we will release that property as security. This ensures that bank has no control over the sale funds. Secondly, we will consider whether to retain the existing loan to preserve the client’s borrowing capacity.Reason # 2: maximise borrowable equityMaximising your borrowable equity is important as accessing additional capital will help you build your investment portfolio and/or achieve your lifestyle goals.Bank valuations can differ materiallyIt is not uncommon for a valuation of the same property by two different banks to differ by several hundreds of thousands of dollars. This can be the difference between being able to acquire another property, or not. Therefore, it is important to have a realistic assessment of the value of your property and then find a bank/valuer that shares your viewpoint.Higher borrowing capacityEach bank will have a different borrowing capacity for different client scenarios. These policies can change over time. As such, it’s possible that the lender with the highest borrowing capacity today, might have one of the lowest borrowing capacities 5 years from now. If your lender changes its policies or your circumstances change, it might necessitate a change in lenders.Put some distance between a previous credit assessmentSometimes it's important to switch to a new lender to benefit from a fresh pair of eyes. For example, if your existing bank has determined they don’t want to lend you anymore money, then you need a brave credit manager to overturn that decision, even if a few years have elapsed (since that decision was made). That could be the case even if your financial position has improved.However, a new lender isn’t influenced by any previous credit assessment. Instead, it will focus solely on the merits of your application.Reason # 3: reduce overall costThe third reason is to obtain a lower interest rates and/or fees. However, as I explain below, you may not need to refinance to a new lender to achieve this.The typical attraction of refinancing to a new lender is because they either offer you a higher variable rate discount or they offer the lowest fixed interest rates.Many lenders are offering cash incentives of between $2,000 and $4,000. This more than offsets the cost associated with refinancing. Refinancing typically incurs three fees:1. Your incumbent lender will charge a discharge fee to deal with the administrative aspects. This is normally around $300 per loan.2. Your new lender will charge a settlement fee – again to deal with the administrative aspects of setting up the new mortgage. This fee is approximately $200 per loan.3. Mortgage deregistration and registration fees. These are government fees and depend on the state the mortgage is registered in. These fees usually range between $200 and $300 per property (security).How to get a lower rate without refinancingMost lenders will offer borrowers higher discounts to retain your business. But, of course, they won’t do that proactively. You must ask! Also, the lender must know that you are prepared to walk if they don’t reduce your interest rate. This is why it’s important to cite a competitive offer.If you need any guidance with doing this, please don’t hesitate to drop Jodi an email.You should do this before contemplating switching lenders.Why are the first two reasons the most importantThe first two reasons are important because they help you safely extend your borrowing capacity. Borrowing is a scarce resource. That’s because its supply is finite – no one has an infinite borrowing capacity. We all have a limit on the amount we can and should borrow. This limit could be restricted by your financial position or risk appetite. Or perhaps its restricted by the banks.The important thing is that you take steps to safely maximise it. Doing so will ensure you have access to as much capital as possible to continue to build your investment portfolio and achieve your lifestyle goals.How often should you refinance?Speaking from personal experience, as an investor that is actively building wealth, I have typically refinanced every 2 to 4 years. I never plan to leave my existing lender/s. But if they start saying no, I don’t listen to them. Instead, I find a lender that will accommodate my realistic plans. That has allowed me to continue to achieve my financial and lifestyle goals.If you are not an active investor, then it’s very possible that you won’t need to refinance as often.Beware. Refinances take timeThere’s almost no such thing as a quick refinance, especially since lenders back-office processing has been adversely impacted by the Covid lockdowns here and overseas. Depending on the lender, refinances can take 2 to 3 months to complete – from start to finish.When it comes to refinancing, patience is definitely a virtue.Join me next week?To mark the release of my latest book (Rules of the Lending Game), I am hosting a webinar next week (Wednesday at 12:30) called: “5 steps to (safely) maximise your borrowing power during the pandemic". I hope you can join me. Click here to learn more and register you spot.

Key Points:Mortgage applications to purchase a home rose 4% last week from the previous week and were a remarkable 21% higher than a year ago, according to the Mortgage Bankers Association.That was the ninth consecutive week of gains and the highest volume in more than 11 years. The average contract interest rate for 30-year fixed-rate mortgages decreased to 3.30% from 3.38%. Buyers are rushing back into the housing market, enticed by record-low mortgage rates and a pandemic-induced need to nest like never before.Mortgage applications to purchase a home rose 4% last week from the previous week and were a remarkable 21% higher than one year ago, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the ninth consecutive week of gains and the highest volume in more than 11 years. “The housing market continues to experience the release of unrealized pent-up demand from earlier this spring, as well as a gradual improvement in consumer confidence,” said MBA economist Joel Kan.Buyers were also fueled by a new record low mortgage rate. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) decreased to 3.30% from 3.38%, with points decreasing to 0.29 from 0.30 (including the origination fee) for loans with a 20% down payment. Lower rates also fueled refinance demand. Those applications rose 10% for the week and were 106% higher than a year ago. Refinances had been slipping for weeks, but the new record low rates may have woken some homeowners up to the potential savings. “Refinancing continues to support households’ finances, as homeowners who refinance are able to gain savings on their monthly mortgage payments in a still-uncertain period of the economic recovery,” Kan said.The refinance share of mortgage activity increased to 63.2% of total applications from 61.3% the previous week. With fixed interest rates so low, the adjustable-rate mortgage share of activity decreased to just 2.8% of total applications. ARM loans carry lower rates but higher risk.

Thoughts and suggestions regarding the Mortgage Forbearance Program, as well as what Lenders are and are not doing with Jumbo Mortgage Loans and Refinances.

Amanda and Dave sit down to talk about how title agents can determine if they should be taking advantage of the refinance boom and how to prepare their operation for the next one.

This week Jonathan and Ladi talk about taxes, DPA, as well as Refinances! We hope this information brings you value. We hope you enjoy this episode!

Home Loans Radio 02.01.2020 Mortgage expert Don talks about refinances, why rates are low, Rate locks and closing costs.

Black Knight reports that millions of property owners could potentially save hundreds by refinance at today's mortgage rates.

New Year, New You? Time for the annual rush to the nation's gyms as new member's make good on their resolutions before canceling their membership in March.... oh well, looks are fleeting anyways. You know what isn't fleeting? A fixed-rate 30 year mortgage! One day into the New Year and we're already seeing a huge up-tick in clients looking to qualify for a home purchase. The spring buying season seems to start earlier and earlier every year and it's never too early to see what you could qualify for on a new home purchase. Refinances, too many of you are still groggy from the holidays, but there is money to be saved for MANY via a mortgage refinance. Maybe you simply have a rate or payment that's too high. For others, we're consolidating credit cards, student loans, you name it! Reverse mortgages fall into their own unique category, but every scenario is unique so you need to make sure you or your loved one fills out a FREE consultation at Townstone.com to make sure your family is making the best financial decision possible. Wishing you all a happy, healthy, and profitable 2020!

Happy New Year edition 2020 This is the time to evaluate your situation to refinance or purchase a home. Lots of questions came in about refinances this week

Leverage Real estate investing is kinda cool, I like to think. From building long term wealth to generating residual passive income, there are some really powerful benefits to investing in real estate. One of the things that make real estate so attractive is the ability to leverage debt. When most people hear the word “debt” they automatically think “bad”. We’re told to avoid debt where possible, pay debt off as fast as possible, and be debt-free. Used wisely debt can be a tool that maximizes your wealth and income. Used incorrectly, and it goes the other way. Good debt and bad debt, as Robert Kiyosaki defines them, are as follows. Bad debt is debt that you have to pay yourself, typically on liabilities. In this context liabilities are anything that takes money out of your pocket every month (think car loans, credit card bills, etc.). Good debt, on the other hand, is debt that someone else pays back for you, typically on assets. Assets, opposite of liabilities, are things that put money in your pocket every month (think investment properties, dividend paying stocks, businesses, etc.). Using debt to purchase income-producing real estate can be a great thing that magnifies your return on investment. Any time that you can achieve a higher ROI by using debt than you could without, is good leverage. Let’s look at an example of how debt can impact your cash on cash return of a rental property. Scenario 1: Cash Purchase You buy a $50K rental property without using debt. This means you buy the property for all cash. The property rents for $500/month. Your expenses for insurance, taxes, maintenance, and management total $200/month. Your cash flow is $300/month or $3,600/year. $3,600 divided by your investment of $50,000 = 7.2% cash on cash return. Scenario 2: Using Debt You buy the same $50K rental property in Scenario 1, but this time you use debt. With a 20% down payment of $10,000, you borrow $40,000 at 4% for 30 years (a typical fixed-rate mortgage). The property rents for $500/month. Your expenses for insurance, taxes, maintenance, and management total $200/month. Your mortgage is $191/month. Total expenses including mortgage = 391 Your cash flow is $109/month or $1,308/year. $1,308 divided by your down payment of $10,000 = 13.08% cash on cash return. Even further – let’s look at appreciation. Let’s say the $50K property appreciated at 5%, to a value of $52,500. This is a gain in equity of $2,500. Scenario 1: Cash Purchase $2,500 in equity gain / $50,000 = 5% Scenario 2: Using Debt $2,500 in equity gain / $10,000 = 25% Notice here that the amount of equity you have in your property does not matter. The property appreciated, regardless of your equity position. Both scenarios have the same appreciation rate of 5%. However, in scenario 2 using leverage, your return is 5x that without using leverage. As my good friend Keith Weinhold from https://www.getricheducation.com/ (Get Rich Education) says, the rate of return on equity is and always will be 0%. Alright, so that’s the case for using debt to invest in cash-flowing real estate. Velocity of Money Let’s talk more about how to keep your money and, more importantly, other people’s money working for you. Knowing now that the rate of return on equity is and always will be 0%, we want to manage and minimize to a certain level the amount of equity we keep in an investment property. This can be done through several ways, once of which is doing a cash out refinance. A cash out refinance is simply taking out a new loan on your investment property, paying off the original loan, and pocketing the difference. Let’s look at an example of this. You buy a duplex for $55,000. With a long term fixed-rate loan, you put down 20%, or $11,000 Through a lot of sweat equity and hard work, you fix the place up, paint the interior and exterior, update the hardware and finishes, and

Mortgage Expert Don Discusses the difference between pre-qualification and pre-approved. Low mortgage rates, Refinances VA loans and purchases when buying a home.

Don answers live questions about home loans and mortgages, purchases and refinances

ntra-Day Repricing, why do the rate sheets keep getting modified the same-day they're being issued? Barry completely rejects the premise of the question. Refinances are on the rise, but is home purchase activity still going strong? Refinances are very dependent on the current market rates, but purchases are not as coorelated. Free Speech, is there a line where it ends? Make sure your next mortgage refinance or home purchase is through Townstone by filling out a FREE consultation at Townstone.com. Have a great week!

Today Tony tells us many services Supreme lending offers and how they can help you! Plus your market update!

Jared Plewe is one of the very best in the Title industry. We talk about how Title work benefits home owners and Fraud Schemes everyone should be aware of.We also talk about Refinancing a HECM Reverse Mortgage to make it even better for those who already love their Reverse Mortgage.

01:04 - In previewing today's guest, Gregory and James talk about how the dip in interest rates on mortgages has created a short term opportunity for those in need of a mortgage for purchasing a home, getting a current mortgage refinanced, or those thinking about a reverse mortgage. 04:28 - The next Gregory Ricks public event is a Lunch and Learn about Estate Planning, and is filled to capacity. Gregory has responded to the demand by scheduling another Estate Planning Lunch and Learn next month, and the overflow crowd already has it halfway full. Finding good help with Estate Planning must be in short supply. 12:12 - Louis in Folsom calls in as a cypto enthusiast to talk about Fidelity announcing a plan to custody some financial investments involving Bitcoin. 27:15 - Matthew in Metairie calls in for help from Gregory. His wife was locked out of her Social Security account after getting tripped up by some security questions. Gregory had a similar experience, and figured out pretty quickly that Social Security was using info available from a credit bureau to formulate their security questions. When the wife has another chance to finish the process, she may find it helpful to have a a full report from a credit agency as a reference to help her through the process. 30:54 - Judy in Metairie has a self-directed IRA paying monthly dividends from an energy investment, but as the monthly checks are getting smaller, she wants to know if she can get out. Gregory has seen similar situations with some energy investments, MLPs, and REITs, and recommends she goes straight to the invested company (not the IRA custodian) to ask directly how to unwind her involvement. 36:24 - Rusty in Hattiesburg has money piled into an IRA, and wants to know how to turn that into a monthly income stream rather than annual lump sum Required Minimum Distributions. Gregory explains a few options, and likes the idea of stretching the time table to make the money last to age 100. 44:09 - Dwayne Stein of MortgageGumbo.com and the Total Wealth Authority is our guest for the hour, and his office is seeing a herd of enthusiastic buyers come through the door as interest rates continue to fall ahead of the spring buying season. Refinances are more attractive lately as well. 55:57 - Gregory asks Dwayne's thoughts on why Reverse Mortgage applications are showing a slow down. Dwayne sees that most of his Reverse Mortgage clients are driven by life's circumstances with little regard to what the current interest rates may be. 1:09:38 - Roy in Mandeville asks Dwayne about his situation: he has 7 years left on his mortgage, and wonders if a Reverse Mortgage could make his payments go away. Dwayne says he can likely make the payments go away, and get a little more money out of it, as well. 1:13:21 - John in New Orleans asks Dwayne Stein and Gregory Ricks on how a Reverse Purchase works. 1:22:02 - Butch in Houston has a new girlfriend moving in, and is thinking about adding on to his house to accomodate her kid. Dwayne explains his options on how to finance the project. 1:37:17 - Gregory explains how his proprietary Guided Planning System can serve as a roadmap to get your to your financial destination. 1:42:03 - Ken in Mandeville asks Gregory if his wife can increase her spousal benefit from his Social Security record by waiting past her Full Retirement Age. 1:47:04 - Gregory explains some reasons why converting your IRA to a Roth IRA might NOT be a good idea. 2:00:43 - Cindy in Gulfport asks if it's too late to do a Roth contribution or conversion for 2018. http://www.WinningAtLife.com

Job interviews are beginning via text message oftentimes now. It's a significant shift and Clark tells you what to be aware of when applying for a job now; Your bank balance can be found by criminals. Clark tells you how they are doing it; Cash refinances are on the rise even as rates are ticking upwards. Learn more about your ad choices. Visit megaphone.fm/adchoices

Real Estate, Rentals, Rehabs, and Refinances. What is your Realtor doing to make your offer stand out from the pack? What rehab projects will have the greatest return on investment? Should I be refinancing out of my HELOC? Watch On Facebook Join Alec and Zach for another can't-miss episode of the Townstone Financial Show. Remember to fill out a free consultation at Townstone.com to get in touch with an expert.

Real Estate, Rentals, Rehabs, and Refinances. What is your Realtor doing to make your offer stand out from the pack? What rehab projects will have the greatest return on investment? Should I be refinancing out of my HELOC? Watch On Facebook Join Alec and Zach for another can't-miss episode of the Townstone Financial Show. Remember to fill out a free consultation at Townstone.com to get in touch with an expert.

This week on The Pete the Planner® Show, we're back answering more of your money questions. To kick things off, Pete and I dive into an email asking for a simplistic review over 401k fees. Following our 401k fees exploration, we... Read More

This week on The Pete the Planner® Show, we’re back answering more of your money questions. To kick things off, Pete and I dive into an email asking for a simplistic review over 401k fees. Following our 401k fees exploration, we... Read More The post Ep. 266: 401k fees, refinances, and the weirdest financial product appeared first on Pete the Planner®.

Economy Slowing Down We got quite a bit of economic data that was released today, pretty much all of it confirming what everybody seems to be denying, and that is that the U.S. economy is, in fact, slowing down, at least the way we like to measure it.  We will get more data later in the week, of course we get the big number, the nonfarm payroll number, on Friday. We always get that number the first Friday of the month; this Friday is June 1, so we are going to get the May jobs number. Last Month's ADP Jobs Number Revised Down We got the ADP number that came out this morning.  It was weaker than expected.  In fact, there was a significant downward revision to the prior month, which was originally reported at 204,000 jobs.  That was revised down to 163,000 jobs, so about a 20% reduction.  This month, the consensus was 187,000 and we got 178,000; of course, that number will also be subject to revision next month.  But, to me, that shows that we can potentially get a weaker number on Friday as well. Decline in Refinances at an 18-Year Low Earlier this morning, we got some data on mortgage re-fi's, which we get every week.  We get the numbers on new mortgages and mortgage re-fi's.  Everything is down.  This makes sense, because mortgage rates are going up. In particular, the decline in refinances is to an 18-year low in mortgage re-fi's. One of the reasons that the inability to refinance your mortgage is going to become a problem is that re-fi's have been providing a lifeline to consumers to enable them to continue to spend. Refinances Available as Property Values Rise When you refinance your mortgage, you're generally doing it to reduce your monthly payment because you are able to qualify for a lower monthly payment.  Some people who perhaps could not qualify a couple of years ago because they did not have enough home equity, but as real estate prices have risen that has enabled people who have been unable to refinance in the past to re-fi now.  Especially for those who are doing a re-fi and are also doing a cash out.

It's our first episode! Hear us talk about why we're starting a podcast and the shenagins surrounding Mike trying to refinance a car.

Tax Hacker Tuesday is back to teach you about real estate investing strategies and tax savings! Tim Berry answers questions from listeners about which real estate strategies he suggests, the magic behind cash flow, the truth about recapturing depreciation, and how to use partnerships for success beyond your wildest dreams. Find out how to apply all of the above to your business with Epic Real Estate and Tim Berry on Tax Hacker Tuesday!

Your Real Estate Life Your Day in Real Estate Radio Michael A. Harris - Host Phone: (888) LIFE-980 (888) 543-3980 Fax: 800-778-0663 This Show will allow you a place to plan Your Real Estate Life. Whether you are starting, continuing or expanding your wealth, Your Real Estate Life is the place for you! Your Real Estate Life's TEAM of industry professionals will answer the tough questions while providing the only place you will need to go for all your Real Estate needs. Your Real Estate Life team will always be there for you to discuss Your Real Estate Life. Hard hitting topics where we discuss Lending, Investment Property, IRA Investing, The Economy, and topics important to you. We have it all here available for you! Stop paying YOUR LENDER too much MONEY! They love you...YOU do not need that kind of love in your life. What Kind of Loan Do You Have? Email: michael@united4loans.com michael@YourRealEstateLife.com

In episode 17 of MBU with Brett McDonell, Brett discusses a strategy he has had some success with lately which is targeting prospects with home equity loans to consolidate them into a new 1st mortgage. In this episode you will learn: Why clients with helocs are ideal prospects What are Helocs and What are the pros and concs How to identify prospects with helocs How to use blended rate to convey the true interest rate of the combined debt the client is carrying This episode is action packed and is filled with golden nuggets that will help you become an even better mortgage advisor and sales person. As always, cheers to your success! -Brett  #Mortgage #Mortgagebroker #mortgagebanker #loanofficer  In episode 17 of MBU with Brett McDonell, Brett discusses a strategy he has had some success with lately which is targeting prospects with home equity loans to consolidate them into a new 1st mortgage. In this episode you will learn: Why clients with helocs are ideal prospects What are Helocs and What are the pros and concs How to identify prospects with helocs How to use blended rate to convey the true interest rate of the combined debt the client is carrying This episode is action packed and is filled with golden nuggets that will help you become an even better mortgage advisor and sales person. As always, cheers to your success! -Brett  #Mortgage #Mortgagebroker #mortgagebanker #loanofficer  Keywords:  In episode 17 of MBU with Brett McDonell, Brett discusses a strategy he has had some success with lately which is targeting prospects with home equity loans to consolidate them into a new 1st mortgage. In this episode you will learn: Why clients with helocs are ideal prospects What are Helocs and What are the pros and concs How to identify prospects with helocs How to use blended rate to convey the true interest rate of the combined debt the client is carrying This episode is action packed and is filled with golden nuggets that will help you become an even better mortgage advisor and sales person. As always, cheers to your success! -Brett  #Mortgage #Mortgagebroker #mortgagebanker #loanofficer Keywords: Mortgage, Mortgage Broker, Loan Officer, Mortgage Banker, Sales, Marketing

In Episode 11, Tucker and Steve share the latest news in their businesses and then get right into this weeks three main topics.  First they cover the latest Urban Growth Boundary news and comment on the potential areas of future expansion.  They then cover the Asbestos headlines that Portland has been seeing lately, explain what's involved and comment on the articles that have been written.  Lastly, National Cash-Out Refinances are up but the numbers look solid and Steve and Tucker share their opinions on this news.  We hope you enjoy this episode and please leave us feedback and reviews!  You may also subscribe to our weekly podcast on iTunes or Stitcher for all future episodes!

In November, FHA extended the principal reduction loan program for two more years.  The FHA short refinance program was first authorized by Congress in 2008 to assist non-FHA borrowers that are underwater. It has evolved over time and is now being extended through 2016. The short refinance is an under-utilized tool for investors who are looking to monetize their performing loans at a higher yield than a sale of the re-performing note. Joining the broadcast to discuss short refinances is Craig Everett, principal at Cairn Advisors. Craig has over 20 years’ experience in the mortgage industry in a variety of lending environments.  Craig’s previous positions include Vice President of Distressed Originations for Lime Financial/Credit Suisse and Founding Partner of Wealthbridge Mortgage a 50 state originator and special servicer. Craig has spent the last 5 years as principal of Cairn Advisors working in the distressed origination space where he has helped hedge funds, servicers and other clients maximize the return on their assets through unique loss mitigation strategies.