Podcast appearances and mentions of ross mortgage

Get in touch with Tim at tpascarella@rossmortgage.com Welcome to another episode of the "On the Edge" podcast with your host Scott Groves! In this insightful discussion, Scott sits down with Tim Ross, the President of Ross Mortgage, to dive deep into the complexities of the mortgage industry. They explore the resilience of Ross Mortgage, a company that has thrived for over 75 years amidst economic fluctuations. Tim shares his unique insights on the challenges of maintaining a healthy balance sheet in a volatile market, the importance of compliance, and the true cost of originating a loan. This episode is packed with valuable knowledge for mortgage professionals and anyone interested in understanding the financial landscape. Tim and Scott also tackle the hot topic of affordable housing, shedding light on the critical need for policy changes to incentivize developers rather than just buyers. They discuss potential solutions to the housing crisis, the impact of political decisions on the mortgage market, and their predictions for future interest rates. Whether you're a seasoned mortgage professional or a first-time homebuyer, this episode offers a wealth of information and perspectives that are both engaging and thought-provoking. Don't miss out on this opportunity to gain a deeper understanding of the mortgage industry and its future direction. ------------ Quickly- I'm Scott Groves - Husband, Father, Loan Officer, Coach, Author, Podcaster, and Blue Belt in Brazilian Jiu-Jitsu. I gave up boxing, where I was 5-0 in amateur fights, when I turned 40. BJJ is safer for old men than getting punched in the head :-) You can find out everything about me HERE: www.LinkTr.ee/ScottLGroves This podcast is paid for and brought to you by.... by me, Scott Groves :-) Because I think these kind of long form conversations are valuable, I pay for 100% of the production of this show out of my pocket. This channel is FAR from monetization and because of the subject matter, may never be monetized. I am a Mortgage Loan Officer & Loan Officer Coach in real life. It's the money that I earn, from helping home-buyers and home-owners obtain home-loans, that pays for this show. If you, your friends, or your family are looking for a home loan from an honest Loan Officer, please contact me at Scott@ScottGrovesTeam.com or find all my links to connect HERE: www.LinkTr.ee/ScottLGroves I can do the loan for you (our team is licensed in 8 states) - OR - I can refer you to an amazing loan officer in the state where you're searching. ON WITH THE SHOW!!! New Full Episodes are released every THURSDAY at 10:00am and clips are released frequently throughout the week. SO MAKE SURE YOU SUBSCRIBE!!! ------------- Thank you for checking out the Podcast. We're building our community AS WE SPEAK and would love it if you checked us out in one of our communities: On The Edge Podcast Community & Facebook Group on Facebook: https://www.facebook.com/groups/ontheedgepodcast/ On The Edge Podcast Page on Facebook: https://www.facebook.com/MeetScottGroves On The Edge Podcast on Locals: https://reddotbluestate.locals.com/ Instagram: www.Instagram.com/ScottLGroves ------------ www.OnTheEdgePodcast.com ------------ Don't care for YouTube and prefer listening instead? We got you covered wherever podcasts are found: Apple Podcasts: www.bit.ly/oteapple Google Podcasts: www.bit.ly/otegoogle Spotify: www.bit.ly/otespotify Breaker: www.bit.ly/otebreaker Radio Public: www.bit.ly/oteradio Pocket Casts: www.bit.ly/otepocket Anchor: www.bit.ly/oteanchor ----------- Do YOU or SOMEBODY YOU KNOW want to be featured in the podcast? Questions, inquiries, booking a show? Any topics or people you'd like us to cover? Send us an email: scott@ontheedgepodcast.com

Host Tracy Woodrum is joined by Jenny Miller of Ross Mortgage to discuss current trends in the world of real estate.

Tim Pascarella, President, Ross Mortgage. Highlights include: don't over think it; start with emotion; how to overcome video fear; check ego for video and ask for followers. Tim has been with Ross Mortgage for over 24 years. Check out his videos.

Dustin Ryan Walker from Ross Mortgage joins us today. Dustin's insights into the current housing market shed light on the factors affecting housing prices and inventory shortages. The pandemic, work shortages in shipping, and a growing population have all contributed to the current situation. The idea of a housing bubble or collapse is dispelled, and we touch on the impact of factors like Airbnb and the growth of wealth among property investors.Did you know there's a "do not call list" for solicitors that get your information and call you as soon as you inquire about a mortgage?  There's an effort to outlaw this practice, but for now, Dustin tells us how to opt out.The conversation then delves into different mortgage options, including USDA loans with 0% down for first-time homeowners and VA loans. Dustin emphasizes the importance of choosing the right lender and building a strong team, including a reliable realtor.Dustin's explanation of the "household blended rate" highlights how it considers various factors in a mortgage decision.In their spare time, Dustin enjoys tending to his home, gardening, and golfing, while Lisa thrives in helping clients find their dream homes.To reach Dustin, find him online at https://www.rossmortgage.com/dustin-ryan-walker/ or call his cell, which he gives at the end of the podcast.Connect with our hosts:Trish Carruth from The Personal Jeweler - https://www.thepersonaljeweler.com/Jon Gay from JAG in Detroit Podcasts - http://www.jagindetroit.com/Lisa Bibbee from Keller Williams - http://soldbylisab.com/

Host Tracy Woodrum welcomes Jenny Miller of Ross Mortgage to discuss buying or selling your home.

In this episode, Cheryl and Dr. Bernice discuss: Investing in things you understand  Getting started in real estate  The law of reciprocity  Money masters of the universe   Key Takeaways: Invest in things that you know and understand. When you don't completely understand something, be cautious. Gather more information until you can understand something enough to explain it.  Everybody thinks that maybe you should buy a house or some sort of property when you first start, but that can be a very hard way to get started. Because then you have to jump into being the landlord and all these other things. Giving back doesn't only benefit the recipient, it benefits you too. It makes the world a better place, and the help you give ends up going back to you as well.  Women are the money masters of the universe, they just don't know it yet. There are many ways to make money and a world of opportunity opens up once you open your mind to that fact.    “Flipping is out, house hacking is in! It's the idea of living on the property while you're fixing it up.”  —  Dr. Bernice Ross     Connect with Dr. Bernice Ross: Website: https://realestatewealthforwomen.com/ | https://realestatecoach.com/  LinkedIn: https://www.linkedin.com/in/berniceross/    Get in Touch with Cheryl: Website: www.cherylknows.com  YouTube:  https://www.youtube.com/channel/UCwvWKXBC6fKn1dLGY11hxIg Facebook: https://www.facebook.com/theknowltonteam/  LinkedIn: https://www.linkedin.com/in/cherylknowlton/     Show notes by Podcastologist: Justine Talla Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.

On the 3rd episode of this series, Jenny Miller of Ross Mortgage continues the conversation on available loans for eligible veterans.

This 4-part series concludes with Jenny Miller of Ross Mortgage returning to discuss loans available to eligible veterans.

In the second part of this series, Jenny Miller of Ross Mortgage returns to talk about loans for eligible veterans.

Host Tracy Woodrum welcomes Jenny Miller of Ross Mortgage, who talks about loans available to qualified veterans.

Today Jenny Miller of Ross Mortgage joins us to chat about the current state of the market.

Tim Ross, CEO of Ross Mortgage, talks about Managing Successfully for the Long-term. Highlights include: building a fortress balance sheet; the importance of cash; develop a 5-year plan; reduce the friction in the process and the secret sauce of human touch. Tim has been in the mortgage business for 40 years, through good times and difficult times. You will want to hear his thoughts on the outlook for next year and beyond.

Emily Funk from YES Realty Partners and Brandon Harrop from BC Harrop Photography joined Keith Smith and Jerry Miller on “Real Talk With Keith Smith” powered by YES Realty Partners and Yonna Smith! "Real Talk With Keith Smith" airs every Monday, Wednesday and Friday from 10:15 am - 11 am on The I Love CVille Network! Follow “Real Talk With Keith Smith” on iTunes: https://podcasts.apple.com/us/podcast/the-i-love-cville-show-with-jerry-miller/id1473278344 Follow “Real Talk With Keith Smith” on Spotify: https://open.spotify.com/show/7vPYSxtueet3r8GHNboJs3 Follow “Real Talk With Keith Smith” on I Love CVille: https://ilovecville.com/ "Real Talk With Keith Smith" is presented by Ally Property Management, American Pest, BC Harrop Photography, Charlottesville Settlement Company, Closure Title, Fincham & Associates, Inc., Free Enterprise Forum, Intrastate Service Co, Keller Williams Alliance, Pearl Certification, Ross Mortgage, Sigora Solar, Stanley Martin and YES Realty Partners! #iLoveCVille

Scott Morris and Tovah Payne from Ross Mortgage Corporation joined Jerry Miller and Keith Smith on “Real Talk With Keith Smith” powered by YES Realty Partners and Yonna Smith! "Real Talk With Keith Smith" airs every Monday, Wednesday and Friday from 10:15 am - 11 am on The I Love CVille Network! Follow “Real Talk With Keith Smith” on iTunes: https://podcasts.apple.com/.../the-i-love.../id1473278344 Follow “Real Talk With Keith Smith” on Spotify: https://open.spotify.com/show/7vPYSxtueet3r8GHNboJs3 Follow “Real Talk With Keith Smith” on I Love CVille: https://ilovecville.com/ "Real Talk With Keith Smith" is presented by Ally Property Management, American Pest, BC Harrop Photography, Charlottesville Settlement Company, Closure Title, Fincham & Associates, Inc., Free Enterprise Forum, Intrastate Service Co, Keller Williams Alliance, Pearl Certification, Ross Mortgage, Sigora Solar, Stanley Martin and YES Realty Partners! #iLoveCVille

Jeff Gaffney joined Keith Smith and Jerry Miller on “Real Talk With Keith Smith” powered by YES Realty Partners and Yonna Smith! "Real Talk With Keith Smith" airs every Monday, Wednesday and Friday from 10:15 am - 11 am on The I Love CVille Network! "Real Talk With Keith Smith" is presented by Ally Property Management, American Pest, BC Harrop Photography, Charlottesville Settlement Company, Closure Title, Fincham & Associates, Inc., Free Enterprise Forum, Intrastate Service Co, Keller Williams Alliance, Pearl Certification, Ross Mortgage, Sigora Solar, Stanley Martin and YES Realty Partners! #iLoveCVille

TEA WITH TRACY ☕️ - Changes in Credit Reporting - EPISODE 115 Today Jenny Miller of Ross Mortgage joins us to give an update on the changes in the way medical collections are reported and how that affects your credit.

Are you recruiting the right employees to your company? And how are you making sure you're retaining your staff --- and making the most of your investments in them. Tim Pascarella, president of Ross Mortgage, shares some tips.

Today Jenny Miller of Ross Mortgage joins us to give an update on current interest rates and explains what a rate lock is & when you use it.

Host Tracy Woodrum chats with Jenny Miller of Ross Mortgage about updates in the real estate market.

Host Tracy Woodrum talks to Jenny Miller of Ross Mortgage about the importance of hiring a professional realtor.

In this episode of Inside the Mortgage Ross Mortgage CEO, Tim Ross, gives XINNIX Founder and CEO, Casey Cunningham, an inside look at his team's incredible culture and the unique... The post XINNIX Executive Interviews – Tim Ross, Ross Mortgage CEO appeared first on XINNIX.

In honor of Father's Day we invited Tim Ross, CEO of Ross Mortgage, onto the program to share some of his memories of running a mortgage company alongside his father. Tim's father, Hugh Ross, began Ross Mortgage with just a single location. Over the decades of being in business, through common values and a shared vision, Ross Mortgage has expanded its operations and is now doing business in 11 different States. Ross Mortgage Corporation is a successful mortgage banking company with a reputation for professionalism, integrity and quality service. Headquartered in Troy, Michigan, Ross is one of the top independent lenders in the Midwest and serves its valued customers through a network of offices located in Michigan, Ohio, Maryland, Louisiana, Pennsylvania and Florida. Founded in 1949, Ross Mortgage combines 70 years of mortgage lending experience with state-of-the-art mortgage lending technology. As a full-service mortgage lender, Ross Mortgage Corporation delivers superior service and pricing to our customers since, as a lender, we possess underwriting authority and retain control over the entire transaction. What this means to you is that you can depend on Ross Mortgage for competitive rates, quality service, fast response and no surprises. Read more... In honor of Father's Day we invited Tim Ross, CEO of Ross Mortgage, onto the program to share some of his memories of running a mortgage company alongside his father. Tim's father, Hugh Ross, began Ross Mortgage with just a single location. Over the decades of being in business, through common values and a shared vision, Ross Mortgage has expanded its operations and is now doing business in 11 different States. Ross Mortgage Corporation is a successful mortgage banking company with a reputation for professionalism, integrity and quality service. Headquartered in Troy, Michigan, Ross is one of the top independent lenders in the Midwest and serves its valued customers through a network of offices located in Michigan, Ohio, Maryland, Louisiana, Pennsylvania and Florida. Founded in 1949, Ross Mortgage combines 70 years of mortgage lending experience with state-of-the-art mortgage lending technology. As a full-service mortgage lender, Ross Mortgage Corporation delivers superior service and pricing to our customers since, as a lender, we possess underwriting authority and retain control over the entire transaction. What this means to you is that you can depend on Ross Mortgage for competitive rates, quality service, fast response and no surprises. Read more...

In honor of Father’s Day we invited Tim Ross, CEO of Ross Mortgage, onto the program to share some of his memories of running a mortgage company alongside his father. Tim's father, Hugh Ross, began Ross Mortgage with just a single location. Over the decades of being in business, through common values and a shared vision, Ross Mortgage has expanded its operations and is now doing business in 11 different States. Ross Mortgage Corporation is a successful mortgage banking company with a reputation for professionalism, integrity and quality service. Headquartered in Troy, Michigan, Ross is one of the top independent lenders in the Midwest and serves its valued customers through a network of offices located in Michigan, Ohio, Maryland, Louisiana, Pennsylvania and Florida. Founded in 1949, Ross Mortgage combines 70 years of mortgage lending experience with state-of-the-art mortgage lending technology. As a full-service mortgage lender, Ross Mortgage Corporation delivers superior service and pricing to our customers since, as a lender, we possess underwriting authority and retain control over the entire transaction. What this means to you is that you can depend on Ross Mortgage for competitive rates, quality service, fast response and no surprises. Read more...

In honor of Father’s Day we invited Tim Ross, CEO of Ross Mortgage, onto the program to share some of his memories of running a mortgage company alongside his father. Tim's father, Hugh Ross, began Ross Mortgage with just a single location. Over the decades of being in business, through common values and a shared vision, Ross Mortgage has expanded its operations and is now doing business in 11 different States. Ross Mortgage Corporation is a successful mortgage banking company with a reputation for professionalism, integrity and quality service. Headquartered in Troy, Michigan, Ross is one of the top independent lenders in the Midwest and serves its valued customers through a network of offices located in Michigan, Ohio, Maryland, Louisiana, Pennsylvania and Florida. Founded in 1949, Ross Mortgage combines 70 years of mortgage lending experience with state-of-the-art mortgage lending technology. As a full-service mortgage lender, Ross Mortgage Corporation delivers superior service and pricing to our customers since, as a lender, we possess underwriting authority and retain control over the entire transaction. What this means to you is that you can depend on Ross Mortgage for competitive rates, quality service, fast response and no surprises. Read more...

- Hey, everybody, welcome to "Avoiding Real Estate Turbulence" podcast, season two, episode two. This is your pilot, Jon Lafferty, with Century 21 Town & Country.- And copilot Tony Abate, with Ross Mortgage, and we are your real estate pilots. Our job is to be your real estate advocate and also make sure you're educated about the buying and selling process. We'll keep you informed throughout until we get you safely closed.- Today's episode is sponsored by Title One. When you're a seller or buyer, and you're feeling weary or small, with tears in your eyes, Title One will dry them all. They are on your side. If times get rough and friends can't be found, Title One can be your bridge over troubled title issues. You can reach Title One at 734-427-8000, or e-mail them at team1@titleoneinc.net Again, team1@titleoneinc.net- There you go. All right, and a I love the commercial, man. You could go into business and write those taglines, I think. In a real estate transaction there are many reasons why you can encounter turbulence. Today we are going to talk all things title with Ken Taylor from Title One. Welcome back to the jump seat, Ken.- Thank you.- Welcome back, yeah.- Yeah.- Glad you're able to join us for episode two.- Happy to be here.- All right.- In our last episode, we sorta talked a little bit about how you got into title, why you're in title, and some things about it, what a commitment for title insurance is, owner's policy, lender's policy, so I thought maybe what we'd do is, in this episode, maybe just talk a little bit about some general questions that maybe people have of differences between different ways to hold title, and red flags when you're purchasing a property to keep your eyes out for.- Yeah.- Well, first, let's talk about why, in Michigan, we have split title, what's called split title, and is it a benefit? Is it a detriment? If it's a benefit, who does it benefit? And what does split title mean? Split title means that in a real estate transaction, obviously, you have a seller and a buyer taking out a loan. You're gonna be purchasing two policies at a closing. A seller will provide an owner's title policy to the purchaser. The buyer provides a lender's title insurance policy to the lender and mortgage company. What they call RESPA, Real Estate Servicing Protection Act, made a rule that the consumer has the right to choose whoever they want for the service that they pay for, so the seller pays for an owner's policy, so they can choose a title company, whoever they want. Ken TaylorTitle One(734) 427-8000team1@titleoneinc.net---Avoiding Real Estate Turbulenceinfo@avoidingret.comhttp://www.avoidingret.comFacebook: fb.me/avoidingret

- Hey everybody, welcome to season two of Avoiding Real Estate Turbulence podcast. This is your pilot, Jon Lafferty with Century 21 Town and Country.- And co-pilot, Tony Abate, with Ross Mortgage and we are your real estate pilots. Our job is to be your real estate advocate and also make sure you're educated about the buying and selling process. We'll keep you informed throughout until we get you safely closed.- Today's episode is sponsored by Title One. When you're a seller or buyer and you're feeling weary or small, with tears in your eyes, Title One will dry them all. They are on your side. If times get rough and friends can't be found, Title One can be your bridge over troubled title issues. You can reach Title One at 734-427-8000, or email them at- team1@titleoneinc.net.- I didn't read that third paragraph, that's a good one Jon. All right, in a real estate transaction there are many reasons why you can encounter turbulence. Today we are going to talk all things Title, with Ken Taylor from Title One. Welcome to the jump. Welcome to the jump seat, man. Welcome to the jump sleet- Thank you guys for having me I appreciate it.- Absolutely. It's our first day by the way. I can tell.- It's my first day, I feel like Homer Simpson.- I didn't realize Jon was such a poet though.- He is, holy cow.- Skills that I didn't know he had.- Yeah, I think he wrote it at the traffic light right outside here, sitting in the car. Very good, Jon.- In blood. So Ken, how long have you been in title? What made you get into title? Let's start with just the basics there.- I've been in Title Insurance for coming up on 14 years now. I've been blessed to be with the same company, Title One the whole time. My, mother actually was, has been in the industry her entire life and got me started and more, the more and more I got to know the industry and move in different departments, found out I really enjoyed it and have stuck with it and gonna make a whole career out of it.- What do you like about title insurance?- I like, my favorite part about title insurance is, while in practice all real estate transactions are the same, they're not. The puzzle pieces always are a little bit different. The way to get to a closing table is just a little bit different in every transaction and that uniqueness is kind of what, you know, makes me go everyday. That everything is, nothing is ever the same. Every transaction no matter how on paper it looks like it's gonna be the same, is always different and new challenges every day and that's something that I look forward to everyday. Trying to put the puzzle pieces together, to get everyone to a closing table.- Wow.- Yeah, it's one of those unseen functions, you know, we all kind of walk folks through the process, but churning away in the background literally from start to finish and even before start, with pre Title and what have you, that is absolutely such a critical piece of the transaction.- That's correct yeah, it's a nice search, a nice, like I said, keep putting the puzzle pieces together. It's fun to draw a line from the start to end and, you know, we get to do that on every transaction which is fun.Ken TaylorTitle One(734) 427-8000team1@titleoneinc.net---Avoiding Real Estate Turbulenceinfo@avoidingret.comhttp://www.avoidingret.comFacebook: fb.me/avoidingret

Today, we are going to talk about how divorces can impact both purchasing, selling, real estate and also financing real estate. So today, I'm pleased to have a colleague of mine, Mr. Marc Edelstein is here with us. How are you doing Marc?Good, good-Good. So Marc has been a lender for 17 years. He is a certified divorce lending professional. I think I got that right.Mm-hmm.And a lot of folks might not know that that's even a designation, it absolutely is. It's not something that a person gets overnight, it takes some effort, it takes some dedication. And I think in our business we kind of learn the hard way when we're early on, that a divorce in a transaction isn't just an extra document, it can absolutely affect the flow of the transaction and, whether it's even doable or not.Thanks for coming on board, Marc.Absolutely, thanks for having me.Yeah, yeah, yeah. We went over some Q&A prior to about some of the things that impact things, but Marc if we could, why don't we just kind of let you paint a 10,000 foot view picture of the kind of things that folks need to at least be thinking about when there's a divorce in their life, and there's going to be a sale of real estate, purchase of real estate, et cetera.Sure, sure, sure. When it comes to divorce in real estate, and divorce in mortgage lending, there are lots of mortgage lending guidelines that intersect with the family law. So a lot of times, we see a spouse that needs to re-enter the workforce after an absence being out of the workforce, or somebody who is going to be receiving some sort of support, whether it's alimony or child support, as their form of income on the other side of the divorce. And how can we use that income towards qualifying? So that's a big thing that we see a lot. The other thing is your mortgage debts tend to be joint with husband and wife. And so when one spouse is awarded the home for the divorce, and the other spouse is either getting an equity buyout, or just off of the home, if there's no equity to split, that mortgage becomes what we call contingent liability.And so how does the payment history after the judgment on that mortgage, that our borrower is not responsible for any longer, impact their ability to be able to purchase a home? As far as other guidelines and other things to consider, it's really the timing of filing of your divorce. If you file your divorce, and then you go to apply for mortgage to purchase a new primary residence, and your divorce is not final, it makes things very, very, very complicated. Most lenders will not grant you a mortgage approval without either a legal separation agreement, or property settlement agreement signed by a judge or your final divorce decree.Yeah, yeah. And, Jon, you probably had conversations. I mean, think about the natural progression of things. There's the unfortunate things that lead to a divorce, the divorce is filed, and then one or both parties are thinking, I need to move on. So I'm going to start house hunting. But they're in that window where the divorce is filed, but it's not finalized.Right. So you know Tony, on the loan application, we have a declaration section where we ask nine, 10, 11 questions about your citizenship, do you intend to occupy this home? Are you going to borrow any part of the down payment?Marc Edelstein(248) 379-6749 thatmortgagebanker.com---Avoiding Real Estate Turbulenceinfo@avoidingret.comhttp://www.avoidingret.comFacebook: fb.me/avoidingret

Guest Tony Bucci with Mission Pointe Planning & Retirement talks about recent business roundtable proclamation that shareholder, employee, client & customer interests must be taken into account. Could this affect the current business model of iBuyer Real Estate programs that look to buy homes directly from sellers. Is this a good thing for you? Are there stocks or funds specifically for conscious investors? Jon Lafferty:(singing)Jon Lafferty:And it was you woman right down the line.Tony Abate:Just got that out of my head.Jon Lafferty:I do not sing. I cannot sing, but I'm going to keep that in your head for the rest of the day.Tony Abate:Aw, thank you.Jon Lafferty:Hey, everybody. Welcome to Avoiding Real Estate Turbulence podcast. This is your pilot, Jon Lafferty with Century 21 Town & Country.Tony Abate:And Tony Abate with Ross Mortgage and we are your real estate pilots. Our job is to be your real estate advocate and also make sure you're educated about buying and selling process. We'll keep you informed throughout until we get you safely closed.Jon Lafferty:In a real estate transaction, there are many reasons why you can encounter turbulence. Today we're going to talk with Tony Bucci with Mission Point Planning & Retirement about financial turbulence and how that may have an impact on your decision to whether to sell your real estate or buy. Welcome Tony.Tony Bucci:Hey guys. Thanks for having me back again. I appreciate being in the jump seat.Tony Abate:Good to see you, Tony.Jon Lafferty:Good to see you back in the jump seat. Before we get underway, Tony has a disclaimer he has to read. So we'll get that out of the way right now and then dive in and have some fun.Tony Bucci:You guys can appreciate being in a highly regulated industry and I am as well. So before we get started, it's important to know that securities offered through Securities America Inc, Member FINRA/SIPC. Advisory service is offered through securities America Advisors Inc. Mission Point Planning & Retirement and Securities America are separate entities.Jon Lafferty:All right.Tony Bucci:Now that riveting part of the conversation is done with.Jon Lafferty:I feel like I was just in a coding class in Detroit. What the hell did that mean?Tony Abate:I think I was just Mirandized by a financial guy. Mirandize, is that the word?Tony Bucci:Could be. It could be.Jon Lafferty:So Tony, something happened a few weeks back. There was a Business Roundtable and they came out with this proclamation, I guess you could call it, basically saying that, “Hey, we need to consider not only the shareholder in the decisions that we make going forward, but also our employees, our customers and our clients.” And that was a bit of a shift from how things have been for quite a while. And so, I thought it was interesting enough that I said, “Hey, we've got to get Tony back in here to talk about this because there seems to be a bit of a shift. And why is that? Why is this happening?” It seems to be out of the blue, but it really isn't, is it?---Avoiding Real Estate Turbulenceinfo@avoidingret.comhttp://www.avoidingret.comFacebook: fb.me/avoidingret

Jon Lafferty:What is that old commercial, "Bah, bah, bah, dah, dah, dah, wouldn't you like to be a butter too?"Tony Abate:No.Jon Lafferty:Where is it from?Tony Abate:"Wouldn't you Like to be a pepper?".Jon Lafferty:Oh! It's to be a pepper. You know I hate that soft drink. I've never liked it, but their commercials are pretty cool. Hey everybody. Welcome to Avoiding Real Estate Turbulence Podcast. This is your pilot, Jon Lafferty with CENTURY 21 Town & Country.Tony Abate:And copilot Tony Abate, with Ross Mortgage and we are your Real Estate pilots. I do like Dr. Pepper by the way just so you know. Hate the commercial. I'm on the polar opposite of you. Our job is to be your real estate advocate, and also make sure you're educated about the buying and selling process. We'll keep you informed throughout until we get you safely closed.Jon Lafferty:In a real estate transaction, there are many reasons why you can encounter turbulence. Today, we are going to talk about, I guess government oversight, and how it can help you in this discussion today.Tony Abate:Yeah, this is an interesting topic. It's really amped and flowed since before the recession, and then through this recession, and then back out of the recession.Jon Lafferty:I think what interested me about this topic, Tony, I came across a law that was passed in Canada back in 2016. The reason for it was because in Toronto and in Vancouver, housing prices were out of control. They were appreciating at such a rapid rate that people were getting priced out of the market. And so this was their attempt to try and adjust, to make a change so that people weren't buying above their means, and setting themselves up for failure.Jon Lafferty:So one of the first things that they did was they said, "Hey, if you're a first-time home buyer, and let's say the interest rate is three and a half, well, whatever you qualify at three and a half, you have to be able to qualify at four and a half. And if you can't qualify four and a half for that, well what do you qualify four and a half for?" Whatever that number is, that's what you qualified for.Jon Lafferty:So apparently the Canadian government in all their wisdom said, "Hey, this program is working fantastic. So why don't we just make it the law for everybody for any house that they want to buy?" So in the secondary mortgage market ... I'm sorry, not the secondary mortgage market, but in the buy up market, where people are selling that first home, or that next home to buy a bigger home, or something that is in a better area, now they have to go through the same test.Jon Lafferty:"Hey, I can buy a 600,000 dollar house at 3.5%. Would you be able to buy at 4.5%?" "Not a 600,000 dollar house. No, my purchasing power is only maybe 500,000. Well, crap, I can't buy in the area that I want to buy in, so where the heck's my incentive to move. There isn't one anymore. I might as well just stay put. I'm kind of happy with my house and so we'll just stay put and not sell."Jon Lafferty:And so it's created an arbitrary shortage of inventory now because people aren't moving up, and you've got the high-end houses, that are sitting longer and can't sell. So what's happening? It's forcing prices to come down.Tony Abate:Oh, man. Unintended consequences.Jon Lafferty:Unintended consequences.---Avoiding Real Estate Turbulenceinfo@avoidingret.comhttp://www.avoidingret.comFacebook: fb.me/avoidingret

Jon Lafferty:Hey everybody, welcome to Avoiding Real Estate Turbulence Podcast. This is your pilot, Jon Lafferty with Century 21 Town & Country.Tony Abate:And copilot, Tony Abate, with Ross Mortgage, and we are your real estate pilots. Our job is to be your real estate advocate, and also make sure you're educated about the buying and selling process. We'll keep you informed throughout, until we get you safely closed.Jon Lafferty:In a real estate transaction, there are many reasons why you can encounter turbulence. Today, we are going to talk about something that's pretty prescient in today's news: refinancing, interest rates. Tony, I have a lot of clients that are starting to ask me whether or not this may be a good time for them to refinance, and what things they should think about, and how do they know if the rate that they're getting is worth it, and how much should an interest rate be less than what they're currently financed at to make it worthwhile? All those kinds of questions I get, and I don't know what to tell them so I always send them your way to talk to you about it. Maybe we can talk a little bit about that today, and maybe shed some light on the whole process.Tony Abate:Yeah, well thanks for that, Jon. Yeah, interest rates are really attractive right now. Contrary to what all the pundits were projecting at the end of 2018, interest rates are very, very favorable, and there's predictions that they're going to reach all-time lows in the relatively near future.Jon Lafferty:What would be an all-time low?Tony Abate:Gosh, so 30-year fixed rate loans in the low-3% range. We kind of bottomed out in the three and a half range a couple years back, and we're close, we're in the high threes right now. There's a lot of signals that are suggesting that that's going to happen. Whenever this happens, the chatter about refinancing certainly picks up, and you certainly see the advertisement, the blanket statement, "Now is the time to refinance." To your point, I would say, sometimes it is, and maybe for some people it is, but it takes an analysis, just like anything else does. The opportunity is there, interest rates are very favorable right now.Tony Abate:The thing that I would advise relative to that is, when interest rates do go down, they can be fleeting. When the experts are projecting that interest rates are going to go down, they never go down in a nice, convenient, linear, straight line. It's a bumpy ride, and in fact, even though there's a lot of chatter about low interest rates, over the course of last week they actually increased by about 0.25%.Jon Lafferty:How does that happen?Tony Abate:In the course of a week's time, that's pretty extreme. The predominant trigger most recently had to do with the talk about the tariffs, are they on, are they off, are they good, are they bad?Jon Lafferty:Wait, tariffs affect interest rates for people to get a mortgage loan?Tony Abate:Yes, they do. I'll even go one step beyond. The talk of the tariffs affect the interest rates, they don't even have to be there, it's just the conversation about they're coming, or we're thinking about it, or, "Hey, watch out China," whatever the case may be. Interest rates are always a function of the strength of the economy, and one of the overriding things that's thought about right now is that as tariff activity increases, there's suggestion that that'll be good in the long run, but in the short run it's going to pinch the economy.---Avoiding Real Estate Turbulenceinfo@avoidingret.comhttp://www.avoidingret.comFacebook: fb.me/avoidingret

On this episode we interview Tim Donner from Ross Mortgage and learn how he went from underwriting at Ally to becoming an exceptional loan officer at Ross Mortgage.

Veterans have a hard time securing home loans, even when they are very attractive borrowers. How can we equip loan officers to help veterans achieve the dream of owning a house? What are some of the myths and misconceptions that get in the way of veterans securing loans? Why is there a lot more to success than making money? On this episode, we talk to Ross branch manager, and president of Military Mortgage Boot Camp, Michael Fischer, about how we can constantly raise the standard of the service we offer, especially to the people who deserve it most. Veterans get a raw deal in the real estate market because their offers are viewed as inferior. -Michael Fischer   Resources Take your mortgage business to the next level. Visit nextlevello.com for more information. Click here to schedule your free no-obligation Next Level Coaching Call: https://nextlevello.com/schedule   Three Things We Learned From This Episode Why success isn’t just about money (03:11 - 05:16 )A lot of people think that success is just about making more money, but success is also about having balance. A big win doesn’t always necessarily have to be income. Sometimes it’s just a matter of being able to achieve a better life and make a difference.    Why the challenges veterans face have little to do with guidelines (15:52 - 16:40)It’s important for agents who want to help veterans to understand the challenges they are facing in the marketplace. The issue isn’t guidelines. There’s a lack of knowledge and understanding from real estate agents and even other loan officers. This results in issues like blaming the VA for slow turn-around times, and putting the veteran’s offer at the bottom of the pile because it’s viewed as inferior.   The truth about veteran buyers that many agents and LOs don’t know (18:37 - 19:30)The average veteran buyer is actually a very decent borrower, and this is something agents need to know. If a seller is going to net more money and close in the same amount of time (or less) than they would with any other offer, it makes sense to move the VA offer to the top of the pile.   Sometimes being successful isn’t about the money or all the conventional, surface-level stuff. One of the most powerful things we can do in business and in our lives is to be of service to our clients and put them first. This is especially true for veterans. If we really care about veterans, the best way we can give back to them is being really good at our jobs. We have to arm ourselves with knowledge and facts to dispel the myths that make veteran loan applications go to the bottom of the pile. The average veteran home buyer has a decent credit score, money in the bank, and not a subprime borrower. If agents and loan officers know this, they can really be of help.     Guest Bio- Michael is a branch manager at Ross Mortgage, president of Military Mortgage Boot Camp and founder of the Mortgage Loan Officer Network. Go to https://www.facebook.com/militarymortgagebootcamp/ and

Host Kevin Willett is joined by Steve Mix of Ross Mortgage Company. Ross Mortgage offers a variety of mortgage loan products, and the company is a Direct Endorsed lender for the Federal Housing Administration and the Veteran’s Administration. As an approved lender, Ross Mortgage has the ability to originate, underwrite and close these government guaranteed mortgage loans in all the states where it holds a license. FInd out more about Ross Mortgage Company by visiting their website at http://rossmortgageco.com/ To learn more about the Friends of Kevin Networking Group, go to http://friendsofkevin.com/ Audio file:  Steve Mix.mp3

The irrepressible, Massachusetts-born Jeff Chalmers joins the Real Estate Sessions for Episode 24.  Jeff has been in lending for 25 years, yet is not the typical lender.  With a closing background, he brings a uniques perspective to the cinsumer experience.  Enjoy Jeff's enthusiasm and passion!

I was a guest on one of my friends first video blogs, Kelly Ross!!! She did great!!! My friends at Ross Mortgage recently invited me to guest blog on their At Any Rate blog to talk about the dos and don'ts of using credit cards during the holiday season. It was Kelley's first time doing a video blog, and she did great! Here's a sneak peak of what we discussed: Don't be tempted to open new credit cards (no matter how good the deal is)In the spirit of Black Friday and the holiday shopping season, credit card companies and merchants alike will be offering "special deals," such as cash-back bonuses, reward points and exclusive discounts for opening new credit cards. Don't let these offers tempt you to open new lines of credit, especially if you plan on purchasing a home in the near future.Do spread your credit card debt over multiple credit cardsSpreading your purchases across three to five credit cards, as opposed to putting every purchase on one card, will help keep your balance for each card below 50% and minimize the impact on your credit score. To get more tips on using credit wisely during the holidays, read the full blog post on Ross Mortgage's At Any Rate blog. In this video we talk about credit and credit scoring to follow the YouTube channel free click here= http://www.youtube.com/subscription_center?add_user=sullythecreditguy

Dave points out that even for free marketeers, the free market has its limits