Відео

Video is 100% true lol

Not for a non-credit qualifying. They only pull credit on a normal FHA refinance. On a streamline they do not pull credit, as they only take into account your mortgage history.

He served in the military and left to start his own business. Obviously this is a one-in-a-million case. Most of my VA loans in South Florida are for $200K - $800k. They are all average homebuyers with average jobs. The program is beneficial for all veterans! 😄

@@ryanbrownmtg 👍🏻 makes sense. So, basically scale the concept to one’s own price-range and, there is effectively no upper limit! Not for the first/last time, I wish I was a vet….🤔 For someone of more modest means, $300k loan, roughly $2000/month could set a fella up nicely! (I think my ratios are good. Threw in some extra for taxes, etc.)

Correct! Here in FL insurance is usually more expensive due to hurricanes, but you got the general idea. I've helped hundreds of veterans over the course of my career as a loan officer in the last 22+ years. It's always an honor helping a veteran obtain homeownership, as it is usually the largest wealth-creation tool that the average American purchases in their lifetime. $100k, $500K, $1M... doesn't matter, as long as you purchase today and don't sell until much later. 99% of the time you will always make money and build some sort of wealth for you or your family.

@@ryanbrownmtg I think there’s more benefits than just the dollars. The sense of stability and belonging is a huge benefit. Thanks for the conversation. And for helping vets. 🤗

Agreed! Thank you for watching and commenting 😄

That is a good question. Not sure if other states will follow or not. Change is inevitable, and it may not be the "easiest" transition for buyers agents, but as we mentioned on the episode I think most of the transactions will be business as usual. There is a small percent of sellers that will refuse to pay buyers agents, but that just means that they will end up selling under market or it will sit longer on the market. Thanks for watching and commenting!

We have an in-house program that allows for us to be creative with the financing. This is only allowed on loans where borrowers have 20% down or more, as it will allows us to keep same rate and no affect on mortgage insurance. If you want more details feel free to call me at (561) 707-0277. Thanks for watching!

Leverage is the only way to obtain wealth for the average American.

I agree with 85% of what Dave says. Unfortunately, we differ in views when it comes to real estate.

It never as simple as it seems, but the basics are there. If you can purchase a home, take a few years to fix/upgrade and rent for more money than you pay every month, you can purchase a new primary and use your old one as an investment.

Not as easy as 2014, 2020, 2021.. but its still possible. Just need to have patience and be actively looking at the market on a daily basis.

Recorded June 2024.

2024

I’m sweatin’ 😅

Martin county is growing and will continue to see growth in the next decade. Also not sure what you mean by "softball sales pitch"? lol

They purchased in Jupiter, FL. This is 100% a true story.

The ROI was calculated based off of the cash to close and the current equity position in the home. The client essentially turned a 5% down payment into a lot of equity simply by buying and building equity through updating and holding. They planned on refinancing, but I told them to wait until rates drop down more, it didn't make sense in their case.

Not "advertising" anything. Simply informing homebuyers how to qualify for a Florida program that is available for down payment assistance.

All depends on the management and marketing of the property. I own my Airbnb in Florida and its doing great. As an Airbnb owner you have to ensure you calculate for vacancies and seasonality. Those owners most likely did not run their numbers conservatively enough.

All depends, because you also want to be in an area where a lot of people will be travelling to. Over-saturation is not good, but make sure you choose a location where you will have enough travelers and tourism to maintain your airbnb year-round.

The income limits for these are much higher than the AMI limits for most counties, allowing for more people to qualify. As far as housing affordability, yes it is difficult for some individuals to qualify unfortunately but not impossible. There are government grants and other programs available for low-income families.

Hello, we offer a free refinance for all clients who purchase a home through us. No language in the contract is necessary, you would simply need to purchase and refinance through the same branch of CrossCountry Mortgage. We cover all lender fees in the transaction, you would only have to pay the title fees when refinancing.

Unfortunately a lot of big banks are like this. That is why I always recommend that buyers use a trusted local mortgage lender. They will usually have more experience with the local market and you won't have to deal with things like that.

Soft pulls don't affect credit. Was just trying to prove a point that a credit score is not the end of the world.

Why?

Not everyone has that privilege. Better to start somewhere than nowhere.

Mobile homes in 55+ communities 😂😂😂

You can get some condo's for $100K, but it would have to be outside of the major cities. In Florida you can get stuff for $100K or less, but would have to move outside of the tri-county area.

If you are living here we can help you purchase a home with any visa you have. We also offer options for individuals with ITIN and no visa. Give us a call to discuss further: (561) 253-1807

Thank you for the advice. This is actually a clip from a zoom meeting I had. I kept looking down to reference the presentation and back up to the camera to engage with the zoom audience. I see how you can think it was for recording 😊

You can see the original angle in this short here: ua-cam.com/users/shorts-3fpm6bBxjU?feature=share

Shots fired! 😂😂

Yes this is still available today. It is an internal loan program we have at CrossCountry Mortgage called the "1099 Program." Great option for business owners or self-employed individuals who receive a 1099 at the end of the year.

Hello Jean, unfortunately we only deal with property in the US. For outside of the US I would probably speak with a local bank in the area you are trying to buy, they will best know the rules and guidelines needed to qualify for a mortgage as mortgages are different in each country.

Glad you liked it!

Wow! Crazy to think of that rate in today's market, but it is so true. Unfortunately we cannot control rates.. so if the house is a GOOD deal and fits within your financial budget, buy the house and wait. What was the purchase price of the home you bought in 1988?

@@ryanbrownmtg Hi it was 120k got an adjustable 5yr & it went down thank God every year in the 5yrs I owned the home, got some nice equity. Got married and in the 28 yrs I was married we never had a mortgage. So saved lots on interest over that time. ☺️ Relators would always tell us you could buy so much more of a house vs paying cash we went rouge guess you could say 😆and happy to do so.

That is amazing! Such a beautiful story. It is truly a blessing to be a homeowner and allow your equity to work in your favor. Living mortgage-free is DEFINITLY a blessing!

Thank you Matt! Yes this one was a bit longer than usual, but I know it had tons of value for listeners in the local area. Hope all is well my friend!

Thank you for listening. Yes, I've also known Steve for a long time, such a great person and hard worker! :)

Unfortunately the DSCR is only applicable to physical structures, cannot be an RV. But if you declare that income on your taxes we could use that for qualification purposes.

Agreed!