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How to get 100% VA financing with your eligibility tied up!

Lots of BAD Intel

You are about to read a story about a travesty of justice with regards to VA Loans.  Too dramatic?  I don't think so.  Credit unions and inexperienced loan officers are giving out wrong information and bad advice to our Service-members and Veterans.  There is so much bad Intel, but I'm here to talk about the Coup-De-Gras... the brutality of brutalities: Using your VA Home Loan benefits again even if they are "in use".  

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High Refinance Demand, No Lender Supply. What to do?

Over 5 Trillion in Mortgages

That's right.  It is estimated that of the 11 Trillion mortgages in America, approximately 5 Trillion qualify for a refinance.  Allow me to put this in perspective.  In a really GOOD year of refinances, you may have 1 to 1.5 Trillion in refinances.  That's ALL YEAR.  Now imagine the capacity (and liquidity) challenges facing lenders when trying to fund a huge number like that but only in a mere matter of months!  It can't be done.  

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How to not lose Purchasing Power in a rising interest rate market!

Are Rates really 2% or more higher?

The short answer is YES and NO.  Not every lender was positioned to handle this crisis.  It pains me to see some of my colleagues in the business be priced out of the market because their company is in a severe cash crunch.  This soon will pass, but at this moment, there exist the biggest variance in rates among lenders that I've ever seen.

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Why you should LOCK in your loan while you still can!

Mortgage Rates plummet, but many lenders increase pricing!

I've been singing this tune for a long time now.  Even though all the market indicators (i.e. the U.S. 10-year treasury) are showing mortgage rates should decline, they aren't and they won't.  Not any more.  It's simple economics... supply and demand.  Simply put, lenders are too busy and most of them are raising rates in a declining interest rate market.  

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The 3 reasons your balance goes up when refinancing!

A frequently asked question

I have helped many clients refinance and there a question that comes up over and over again when looking at the numbers.  It is, "why is my balance going up so much?"

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2 Critical Tips for Homebuyers

25 Years in Mortgage has taught me lots

Having been in the mortgage business for over 25 years has taught me quite a bit.  First, I've learned that long-term exposure to mortgages is not good for hair growth. Secondly, working with your wife sometimes makes date-night more business than pleasure (not too bad I assure you!).  And lastly, every decision in life now must be done on a spreadsheet! 

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Project My Home flaunts new listing strategy for Sellers!

Realtor Influence Matters

Please note that what I am about to suggest requires the involvement of a Realtor.  The following is a unique listing and selling strategy for today's home seller facilitated by one of the largest lenders in the country.

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The BIG catch to infinite 100% VA Loan Amounts in 2020!

In June of 2019, President Donald Trump signed a bill into law allowing the VA to guarantee loans that exceed the county loan limits.  Borrowing over the county limit has always been a thing, but there currently exists a formula calculating the maximum you can borrow.  With the new law, this will CHANGE!  

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Why the Fed Cut may not improve mortgage rates

Don't shoot the messenger

One of the most widely misunderstood dynamics of my business is the belief that a Fed rate cut immediately lowers mortgage rates.  Well, I hate to break it to you, but the Fed doesn't touch mortgage rates; however they make monetary policy changes that shake our world and yes... interest rates.  So allow me to support my "click-bait" headline with some comments and fact. 

The main fact is that the Fed doesn't directly touch mortgage rates.  The Fed sets a target for the "fed funds rate" after reviewing mountains of current economic data. The rate that they tweak is the interest rate banks charge each other for overnight loans. Those loans are called fed funds, which lowers the as the Fed lowers interest rates.  This change, albeit small or great, has great impact on the markets.  But the way it moves mortgage rates is quite the conundrum.  I'll explain... 

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Explaining July 4th to your kids

Never taken for granted

The freedoms we have in this country are unmatched in any other country.  I found this really good video which I plan to share with my kids today.  I even got something from the simplicity of explanation.  Although I feel our country has gotten away from many of the values established by our founding fathers, it is still a wonderful God given gift to live here in the United States of America.  I appreciate every day the freedoms we enjoy.  Enjoy the video... and share the simple story with a young one today!

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