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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security. You

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Speaker 2: made a video.

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Speaker 3: I think about this when putting a house in your

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Speaker 3: name as opposed to putting a house not in your

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Speaker 3: name so people can't find out.

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Speaker 2: Where you live.

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Speaker 3: Different things of the nature yeah, what's the what's the

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Speaker 3: deal with that? So, when you're buying a property, and

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Speaker 3: if you're using a non QM loan, a non QM

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Speaker 3: loan is a non qualified mortgage that basically means that

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Speaker 3: Fannie Mae, Freddie mac fha VA won't purchase that loan

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Speaker 3: in the secondary market. Right this is a portfolio loan,

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Speaker 3: which more non traditional lenders will use for non traditional buyers.

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Speaker 3: Right now, if you're buying a primary residence, there are

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Speaker 3: several lenders out there that will allow you to buy

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Speaker 3: that primary residence in your LLC name. Right we are

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Speaker 3: living in the post pandemic era where a lot of

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Speaker 3: people have made a lot of money over the past

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Speaker 3: two years, and folks are buying you know, their mini

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Speaker 3: mansions and their the mansions right now. And if you

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Speaker 3: don't want the world to be able to find you,

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Speaker 3: the best way is to put it in a LLC.

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Speaker 3: So that way they can't google your name and find

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Speaker 3: you because it's in the LLC. So now the mortgage

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Speaker 3: is in the LLC name, the deed of the properties

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Speaker 3: in the LLC name. You own the LLC, the LLC

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Speaker 3: owns the property, so it's the same. It's the same

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Speaker 3: way as if you're buying investment properties and putting in LLC,

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Speaker 3: but this just so happens to be your primary residence.

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Speaker 3: So there's several lenders that out there that will allow

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Speaker 3: you to do this. But again, interest rates wise, right

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Speaker 3: now non QM loans is going to be in that

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Speaker 3: seven to nine percent range, just depending on the lender

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Speaker 3: and the deal that you're doing, but it can get done.

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Speaker 3: I've done several loans like that over the past twenty

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Speaker 3: four months where I'm working with celebrities or influencers and

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Speaker 3: we're using these products to kind of shield their identity.

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Speaker 3: And then also when you set up the LLC, and

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Speaker 3: it's gonna be a brand new LLC too. By the way,

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Speaker 3: it doesn't need to established business credit. You can have

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Speaker 3: a minimum of a six forty credit score. Obviously, the

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Speaker 3: lower the credit score, the higher interest rate. But the

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Speaker 3: key to this is when you open up the LLC.

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Speaker 3: You know what it says you open an LLC, It

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Speaker 3: says registered agent. You don't put your name there as

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Speaker 3: the registered agent. Because if someone looks in some way

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Speaker 3: somehow finds that LLC and your the name is the

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Speaker 3: registered agent, then obviously they're going to know you own it,

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Speaker 3: so you got to have another registered agent's name there.

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Speaker 2: So that way you showed it as well.

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Speaker 3: But yeah, that's a play right now that we're using

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Speaker 3: on a daily basis and my mobile. It's the highest

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Speaker 3: interest it's a higher interest rate. It's gonna if you

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Speaker 3: have a lower credit score, but if you have seven

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Speaker 3: hundred plus credit scores, because you're still personal guaranteeing the loan.

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Speaker 3: I want to make that clear too. Although it's going

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Speaker 3: in the LLC's name, you as the owner, are personal

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Speaker 3: guaranteeing it.

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Speaker 2: So if you.

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Speaker 3: Try to skip down and not pay the bank, okay,

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Speaker 3: they're gonna just put it on your personal credit and

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Speaker 3: then they're going to come after you. So yes, the

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Speaker 3: higher credit score, the lower the interest rate, and then

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Speaker 3: today's market, that lower rate will represent probably somewhere in

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Speaker 3: the sevens the higher nine ten percent, especially if you're

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Speaker 3: not low six hundred credit score.

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Speaker 4: So, are there are ways and I saw you post

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Speaker 4: this as well, are there ways to lower.

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Speaker 2: The interest rate?

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Speaker 4: Obviously we've seen them going up over the past twelve

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Speaker 4: months and come down slightly over the past month or so,

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Speaker 4: are there ways that we can use or strategies we

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Speaker 4: can use to lower our interest rates when it comes to.

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Speaker 2: Finance, and all for primary residences or I let's.

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Speaker 4: Take primary and maybe I guess so yeah.

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Speaker 3: So if we're talking the traditional route right conventional FHA,

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Speaker 3: you could do what's called a two to one by

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Speaker 3: down right now, two to one buy down is it

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Speaker 3: used to be popular during the wild cowboy days. It

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Speaker 3: was totally underwritten different, but now I like the way

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Speaker 3: the program is. So basically, essentially, as a two to

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Speaker 3: one buy down, you need to sell this concession, the

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Speaker 3: fundness buy down. You the borrower, cannot use your own

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Speaker 3: moneies to do the two one buy down. So how

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Speaker 3: it works is a lender, let's just say you're doing

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Speaker 3: the FHA loan. Let's just say today's race five and

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Speaker 3: a half percent on the thirty year fix. For example,

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Speaker 3: the first year your interest rate will be three point

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Speaker 3: five percent, the second year the rate will be four

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Speaker 3: point five percent, and year three to maturity date will

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Speaker 3: be the note rate of five and a half percent.

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Speaker 3: So the lender will determine how much money are you

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Speaker 3: saving between three and a half percent and five and

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Speaker 3: a half percent and four and a half percent and

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Speaker 3: five and a half percent.

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Speaker 2: Ernest, what's up?

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Speaker 5: You ever walk into a small business and everything just

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Speaker 5: works like The checkout is fast, the receipts are digital,

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Speaker 5: tipping is a breeze, and you're out the door before

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Speaker 5: the line even builds. Odds are they're using Square. We

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Speaker 5: love supporting businesses that run on Square because it just

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Speaker 5: feels seamless. Whether it's a local coffee shop, a vendor

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Speaker 5: at a pop up market, or even one of our

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Speaker 5: merch partners, Square makes it easy for them to take payments,

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Speaker 5: manage inventory, and run their business with confidence, all from

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Speaker 5: one simple system. If you're a business owner or even

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Speaker 5: just thinking about launching something soon, Square is hands down

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Speaker 5: one of the best tools out there to help you start, run,

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Speaker 5: and grow. It's not just about payments, it's about giving

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Speaker 5: you time back so you can focus on what matters

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Speaker 5: most ready. To see how Square can transform your business,

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Speaker 5: visit Square dot com backslash, go backslash eyl to learn more.

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Speaker 5: That's Square dot com backslash, go backslash eyl. Don't wait,

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Speaker 5: can keep pushing your vision forward. This episode is brought

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Speaker 5: to you by P and C Bank. A lot of

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Speaker 5: It's like banking with P and C Bank. It might

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Speaker 5: Financial Service Group, Inc. P and C Bank National Association

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Speaker 5: Member FDIC.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, a tempted illegal

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Speaker 1: border crossings are at the lowest levels ever recorded and

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Speaker 1: over one hundred thousand illegal aliens have been arrested. If

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Speaker 1: you are here illegally, your next you will be fine

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Speaker 1: nearly one thousand dollars a day, imprisoned and deported, you

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Speaker 1: will never return. But if you register using our CBP

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Speaker 1: home app and leave now, you could be allowed to

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Speaker 1: return legally. Do what's right, leave now. Under President Trump

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Speaker 1: America's laws, border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homelandsecurity.

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Speaker 3: So let's just say over those two years, you're saving

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Speaker 3: a combination of ten thousand dollars, right, you need to

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Speaker 3: get a sealess concession of ten thousand dollars to fund

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Speaker 3: that to one by down and that essentially will give

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Speaker 3: you the opportunity to have a lower rate for the

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Speaker 3: first couple of years. It's kind of like the teaser rate,

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Speaker 3: so it will be but it's a thirty year fixed program.

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Speaker 3: And the idea behind this is, and this is why

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Speaker 3: Linda started bringing this program and back when rates jumped up,

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Speaker 3: is because you know what, lenders are still going to lend.

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Speaker 3: We're going to be creative, We're going to figure this

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Speaker 3: shit out. Right, it's totally illegal, so we're going to

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Speaker 3: bring back products that makes both sense and sense for

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Speaker 3: all parties involved. This is a way to make home

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Speaker 3: ownership affordable over the first couple of years while we

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Speaker 3: ride the wave of this current cycle, and when rates

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Speaker 3: tick down, there's going to be a refinance boom in

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Speaker 3: the next twelve to eighteen months, maybe sooner right now.

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Speaker 3: Another way is to buy down points. Buying down points now,

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Speaker 3: you can fund this with a salize concession, or you

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Speaker 3: can use your cash out of your bank account to

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Speaker 3: buy down points, and it's part of your closing costs

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Speaker 3: as well. And one point is equivalent of one percent

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Speaker 3: of the loan amount, So if you're buying, let's just

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Speaker 3: say it's a five hundred thousand dollars loan, one point

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Speaker 3: is five thousand dollars, and that will bring your rate down,

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Speaker 3: depending on the lender, a quarter of a point to

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Speaker 3: three eighths of a point. So if it's off at

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Speaker 3: five and a half, you brought a point, it will

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Speaker 3: go to five point one two five percent or five

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Speaker 3: and a quarter on a thirty year fix. And and

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Speaker 3: each point you buy will knock down quarter to three

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Speaker 3: as of a point, So that's also another way that

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Speaker 3: you can bring down your interest rate. But ultimately, the

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Speaker 3: way to lock in the lowest rates possible is to

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Speaker 3: have the highest possible credit score that you can have,

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Speaker 3: especially in today's market, where you know, even if you

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Speaker 3: have a seven hundred credit score, you might not still

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Speaker 3: get the lowest rate, whereas a year ago that still

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Speaker 3: would give you a great rate at seven hundred and

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Speaker 3: seven to twenty. No, you really have to be in

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Speaker 3: that if you're going conventional, you really have to be

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Speaker 3: seven forty seven sixty and higher right now to really

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Speaker 3: get that whatever that national rate that people see online

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Speaker 3: with no points, you really have to be in that

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Speaker 3: higher upper echelon of credit when you're talking conventional now, FHA,

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Speaker 3: you can have a six eighty seven hundred credit store

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Speaker 3: still get a great rate with those scores.

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Speaker 4: So in that first scenario, going from's that example three

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Speaker 4: point five to five point five, after it gets let's

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Speaker 4: say after that third year, is it capped at the

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Speaker 4: five point five?

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Speaker 2: Correct? It's capped, right, So it's not an adjustable rate.

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Speaker 3: Correct, it's not adjustable rate. It's a thirty it's a

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Speaker 3: thirty year fixed mortgage. But speaking of adjustable rates, that's

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Speaker 3: another way, but adjustble rates, you got to really look

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Speaker 3: at the math and see does it make sense for

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Speaker 3: me to take this adjustable rate because the a five

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Speaker 3: year so adjustment rates are typically fixed for five years,

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Speaker 3: seven years, or ten years, and then after that it

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Speaker 3: adjusts for the life of the moment. Depending on where

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Speaker 3: the market is, the rate can go up and go down.

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Speaker 3: So folks who had adjustable rates prior to the pandemic

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Speaker 3: they won because they rates. If there was an adjustment phase,

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Speaker 3: they rates dropped down so they didn't really necessarily have

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Speaker 3: to refinance and pay closing costs and things like that

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Speaker 3: because the market was in a favor now on a

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Speaker 3: flip side, big difference, so they I advise all my

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Speaker 3: clients and people who I was speaking to who had adjustables,

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Speaker 3: you might as well get out of it because the ten, fifteen, twenty,

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Speaker 3: and thirties the cheapest has ever been, So it doesn't

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Speaker 3: make sense to play the risk. But in this market,

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Speaker 3: adjustable rates make sense. For someone who is not looking

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Speaker 3: and they know that not going to stand at home

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Speaker 3: for the long term. This is not a thirty year

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Speaker 3: play for them.

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Speaker 2: This is a five year place.

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Speaker 3: So if you know I'm gonna be in this house

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Speaker 3: for five years, and I'm just using this as my

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Speaker 3: starter home. I wouldn't recommend getting a five year ARM.

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Speaker 3: I would probably say do a seven or ten because

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Speaker 3: life happens and you never know. And if you see

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Speaker 3: an opportunity to refinance over the next couple of years

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Speaker 3: and you still own that house, take advantage of the

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Speaker 3: refinance opportunity as well. So adjustable rate mortgagees can work

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Speaker 3: if it makes sense, But in most cases, from what

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Speaker 3: I'm seeing, sometimes it just doesn't make sense. My graduates

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Speaker 3: from my school being forced bad drops.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fine. Nearly

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Speaker 1: one thousand dollars a day. Imprisoned and deported, you will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security,