Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 1: crossings are at the lowest levels ever recorded, and over
Speaker 1: one hundred thousand illegal aliens have been arrested. If you
Speaker 1: are here illegally, your next you will be fined nearly
Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
Speaker 1: never return. But if you register using our CBP home
Speaker 1: app and leave now, you could be allowed to return legally.
Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
Speaker 1: border and families will be protected.
Speaker 2: Sponsored by the United States Department of Homeland Security. You
Speaker 2: made a video.
Speaker 3: I think about this when putting a house in your
Speaker 3: name as opposed to putting a house not in your
Speaker 3: name so people can't find out.
Speaker 2: Where you live.
Speaker 3: Different things of the nature yeah, what's the what's the
Speaker 3: deal with that? So, when you're buying a property, and
Speaker 3: if you're using a non QM loan, a non QM
Speaker 3: loan is a non qualified mortgage that basically means that
Speaker 3: Fannie Mae, Freddie mac fha VA won't purchase that loan
Speaker 3: in the secondary market. Right this is a portfolio loan,
Speaker 3: which more non traditional lenders will use for non traditional buyers.
Speaker 3: Right now, if you're buying a primary residence, there are
Speaker 3: several lenders out there that will allow you to buy
Speaker 3: that primary residence in your LLC name. Right we are
Speaker 3: living in the post pandemic era where a lot of
Speaker 3: people have made a lot of money over the past
Speaker 3: two years, and folks are buying you know, their mini
Speaker 3: mansions and their the mansions right now. And if you
Speaker 3: don't want the world to be able to find you,
Speaker 3: the best way is to put it in a LLC.
Speaker 3: So that way they can't google your name and find
Speaker 3: you because it's in the LLC. So now the mortgage
Speaker 3: is in the LLC name, the deed of the properties
Speaker 3: in the LLC name. You own the LLC, the LLC
Speaker 3: owns the property, so it's the same. It's the same
Speaker 3: way as if you're buying investment properties and putting in LLC,
Speaker 3: but this just so happens to be your primary residence.
Speaker 3: So there's several lenders that out there that will allow
Speaker 3: you to do this. But again, interest rates wise, right
Speaker 3: now non QM loans is going to be in that
Speaker 3: seven to nine percent range, just depending on the lender
Speaker 3: and the deal that you're doing, but it can get done.
Speaker 3: I've done several loans like that over the past twenty
Speaker 3: four months where I'm working with celebrities or influencers and
Speaker 3: we're using these products to kind of shield their identity.
Speaker 3: And then also when you set up the LLC, and
Speaker 3: it's gonna be a brand new LLC too. By the way,
Speaker 3: it doesn't need to established business credit. You can have
Speaker 3: a minimum of a six forty credit score. Obviously, the
Speaker 3: lower the credit score, the higher interest rate. But the
Speaker 3: key to this is when you open up the LLC.
Speaker 3: You know what it says you open an LLC, It
Speaker 3: says registered agent. You don't put your name there as
Speaker 3: the registered agent. Because if someone looks in some way
Speaker 3: somehow finds that LLC and your the name is the
Speaker 3: registered agent, then obviously they're going to know you own it,
Speaker 3: so you got to have another registered agent's name there.
Speaker 2: So that way you showed it as well.
Speaker 3: But yeah, that's a play right now that we're using
Speaker 3: on a daily basis and my mobile. It's the highest
Speaker 3: interest it's a higher interest rate. It's gonna if you
Speaker 3: have a lower credit score, but if you have seven
Speaker 3: hundred plus credit scores, because you're still personal guaranteeing the loan.
Speaker 3: I want to make that clear too. Although it's going
Speaker 3: in the LLC's name, you as the owner, are personal
Speaker 3: guaranteeing it.
Speaker 2: So if you.
Speaker 3: Try to skip down and not pay the bank, okay,
Speaker 3: they're gonna just put it on your personal credit and
Speaker 3: then they're going to come after you. So yes, the
Speaker 3: higher credit score, the lower the interest rate, and then
Speaker 3: today's market, that lower rate will represent probably somewhere in
Speaker 3: the sevens the higher nine ten percent, especially if you're
Speaker 3: not low six hundred credit score.
Speaker 4: So, are there are ways and I saw you post
Speaker 4: this as well, are there ways to lower.
Speaker 2: The interest rate?
Speaker 4: Obviously we've seen them going up over the past twelve
Speaker 4: months and come down slightly over the past month or so,
Speaker 4: are there ways that we can use or strategies we
Speaker 4: can use to lower our interest rates when it comes to.
Speaker 2: Finance, and all for primary residences or I let's.
Speaker 4: Take primary and maybe I guess so yeah.
Speaker 3: So if we're talking the traditional route right conventional FHA,
Speaker 3: you could do what's called a two to one by
Speaker 3: down right now, two to one buy down is it
Speaker 3: used to be popular during the wild cowboy days. It
Speaker 3: was totally underwritten different, but now I like the way
Speaker 3: the program is. So basically, essentially, as a two to
Speaker 3: one buy down, you need to sell this concession, the
Speaker 3: fundness buy down. You the borrower, cannot use your own
Speaker 3: moneies to do the two one buy down. So how
Speaker 3: it works is a lender, let's just say you're doing
Speaker 3: the FHA loan. Let's just say today's race five and
Speaker 3: a half percent on the thirty year fix. For example,
Speaker 3: the first year your interest rate will be three point
Speaker 3: five percent, the second year the rate will be four
Speaker 3: point five percent, and year three to maturity date will
Speaker 3: be the note rate of five and a half percent.
Speaker 3: So the lender will determine how much money are you
Speaker 3: saving between three and a half percent and five and
Speaker 3: a half percent and four and a half percent and
Speaker 3: five and a half percent.
Speaker 2: Ernest, what's up?
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Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
Speaker 1: Secretary of Homeland Security. Under President Trump, a tempted illegal
Speaker 1: border crossings are at the lowest levels ever recorded and
Speaker 1: over one hundred thousand illegal aliens have been arrested. If
Speaker 1: you are here illegally, your next you will be fine
Speaker 1: nearly one thousand dollars a day, imprisoned and deported, you
Speaker 1: will never return. But if you register using our CBP
Speaker 1: home app and leave now, you could be allowed to
Speaker 1: return legally. Do what's right, leave now. Under President Trump
Speaker 1: America's laws, border and families will be protected.
Speaker 2: Sponsored by the United States Department of Homelandsecurity.
Speaker 3: So let's just say over those two years, you're saving
Speaker 3: a combination of ten thousand dollars, right, you need to
Speaker 3: get a sealess concession of ten thousand dollars to fund
Speaker 3: that to one by down and that essentially will give
Speaker 3: you the opportunity to have a lower rate for the
Speaker 3: first couple of years. It's kind of like the teaser rate,
Speaker 3: so it will be but it's a thirty year fixed program.
Speaker 3: And the idea behind this is, and this is why
Speaker 3: Linda started bringing this program and back when rates jumped up,
Speaker 3: is because you know what, lenders are still going to lend.
Speaker 3: We're going to be creative, We're going to figure this
Speaker 3: shit out. Right, it's totally illegal, so we're going to
Speaker 3: bring back products that makes both sense and sense for
Speaker 3: all parties involved. This is a way to make home
Speaker 3: ownership affordable over the first couple of years while we
Speaker 3: ride the wave of this current cycle, and when rates
Speaker 3: tick down, there's going to be a refinance boom in
Speaker 3: the next twelve to eighteen months, maybe sooner right now.
Speaker 3: Another way is to buy down points. Buying down points now,
Speaker 3: you can fund this with a salize concession, or you
Speaker 3: can use your cash out of your bank account to
Speaker 3: buy down points, and it's part of your closing costs
Speaker 3: as well. And one point is equivalent of one percent
Speaker 3: of the loan amount, So if you're buying, let's just
Speaker 3: say it's a five hundred thousand dollars loan, one point
Speaker 3: is five thousand dollars, and that will bring your rate down,
Speaker 3: depending on the lender, a quarter of a point to
Speaker 3: three eighths of a point. So if it's off at
Speaker 3: five and a half, you brought a point, it will
Speaker 3: go to five point one two five percent or five
Speaker 3: and a quarter on a thirty year fix. And and
Speaker 3: each point you buy will knock down quarter to three
Speaker 3: as of a point, So that's also another way that
Speaker 3: you can bring down your interest rate. But ultimately, the
Speaker 3: way to lock in the lowest rates possible is to
Speaker 3: have the highest possible credit score that you can have,
Speaker 3: especially in today's market, where you know, even if you
Speaker 3: have a seven hundred credit score, you might not still
Speaker 3: get the lowest rate, whereas a year ago that still
Speaker 3: would give you a great rate at seven hundred and
Speaker 3: seven to twenty. No, you really have to be in
Speaker 3: that if you're going conventional, you really have to be
Speaker 3: seven forty seven sixty and higher right now to really
Speaker 3: get that whatever that national rate that people see online
Speaker 3: with no points, you really have to be in that
Speaker 3: higher upper echelon of credit when you're talking conventional now, FHA,
Speaker 3: you can have a six eighty seven hundred credit store
Speaker 3: still get a great rate with those scores.
Speaker 4: So in that first scenario, going from's that example three
Speaker 4: point five to five point five, after it gets let's
Speaker 4: say after that third year, is it capped at the
Speaker 4: five point five?
Speaker 2: Correct? It's capped, right, So it's not an adjustable rate.
Speaker 3: Correct, it's not adjustable rate. It's a thirty it's a
Speaker 3: thirty year fixed mortgage. But speaking of adjustable rates, that's
Speaker 3: another way, but adjustble rates, you got to really look
Speaker 3: at the math and see does it make sense for
Speaker 3: me to take this adjustable rate because the a five
Speaker 3: year so adjustment rates are typically fixed for five years,
Speaker 3: seven years, or ten years, and then after that it
Speaker 3: adjusts for the life of the moment. Depending on where
Speaker 3: the market is, the rate can go up and go down.
Speaker 3: So folks who had adjustable rates prior to the pandemic
Speaker 3: they won because they rates. If there was an adjustment phase,
Speaker 3: they rates dropped down so they didn't really necessarily have
Speaker 3: to refinance and pay closing costs and things like that
Speaker 3: because the market was in a favor now on a
Speaker 3: flip side, big difference, so they I advise all my
Speaker 3: clients and people who I was speaking to who had adjustables,
Speaker 3: you might as well get out of it because the ten, fifteen, twenty,
Speaker 3: and thirties the cheapest has ever been, So it doesn't
Speaker 3: make sense to play the risk. But in this market,
Speaker 3: adjustable rates make sense. For someone who is not looking
Speaker 3: and they know that not going to stand at home
Speaker 3: for the long term. This is not a thirty year
Speaker 3: play for them.
Speaker 2: This is a five year place.
Speaker 3: So if you know I'm gonna be in this house
Speaker 3: for five years, and I'm just using this as my
Speaker 3: starter home. I wouldn't recommend getting a five year ARM.
Speaker 3: I would probably say do a seven or ten because
Speaker 3: life happens and you never know. And if you see
Speaker 3: an opportunity to refinance over the next couple of years
Speaker 3: and you still own that house, take advantage of the
Speaker 3: refinance opportunity as well. So adjustable rate mortgagees can work
Speaker 3: if it makes sense, But in most cases, from what
Speaker 3: I'm seeing, sometimes it just doesn't make sense. My graduates
Speaker 3: from my school being forced bad drops.
Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 1: crossings are at the lowest levels ever recorded, and over
Speaker 1: one hundred thousand illegal aliens have been arrested. If you
Speaker 1: are here illegally, your next you will be fine. Nearly
Speaker 1: one thousand dollars a day. Imprisoned and deported, you will
Speaker 1: never return. But if you register using our CBP home
Speaker 1: app and leave now, you could be allowed to return legally.
Speaker 1: Do what's right. Leave now. Under President Trump America's laws,
Speaker 1: border and families will be protected.
Speaker 2: Sponsored by the United States Department of Homeland Security,