Home Loans Radio 02.15.2025 With That Mortgage Guy- Get your wife a beautiful Refinance and a lower house payment for Valentines Day!! yes!

Home Loans Radio 02.15.2025 With That Mortgage Guy- Get your wife a beautiful Refinance and a lower house payment for Valentines Day!! yes!

Episode Transcript

Speaker 1 (00:00):
It's time for Home Loans Radio on Real Radio with
that mortgage guy Don. Join the conversation text us at
seven seven zero three one. Now here's that mortgage guy Don.

Speaker 2 (00:13):
Hey hey, hey, hey, hey hey hey, good morning and
welcome to the Home Loans Radio Show with that Mortgage
Dad Don. That's right, you're here. You did it. You
made it to another Saturday. We're here doing what we
do every single Saturday. Good morning, Mjay, Good morning. How
are you today?

Speaker 3 (00:31):
Oh fantastic?

Speaker 2 (00:32):
Oh good good morning, mister Fritz. Oh yeah, we're here.
We're doing it post Valentine's post super Bowl wrap up show.
We're uh right.

Speaker 4 (00:45):
The super Bowl happened in pain, right post post Valentine's Day?

Speaker 2 (00:50):
Yeah, champagne pain, but the pain and champagne. How was
your Valentine's Oh you were you're gonna do Gallentine's Day? Yeah?

Speaker 3 (00:57):
Hang out with my girls?

Speaker 2 (00:58):
How y'all heal up from catting around with the dolls?

Speaker 4 (01:01):
How drunk did you get?

Speaker 2 (01:03):
Right?

Speaker 3 (01:03):
Well, it didn't work out.

Speaker 2 (01:05):
It was a pretty drunk sitting around drinking rose. It
didn't work out.

Speaker 4 (01:09):
If it churched with wow.

Speaker 3 (01:13):
A lot of the gals were busy doing other things.
So it's a Gallantine's day for one.

Speaker 2 (01:19):
I had you get all the rose. Yep, that's right. Well,
welcome back. Yeah, the super Bowl is a big surprise.
R I know people are sick of hearing about the
super Bowl, but we haven't been able to you know,
you did a big sports lead in last last I know.

Speaker 3 (01:33):
It was a big surprise I think for me anyway,
because I thought Taylor Swift was gonna win for sure, and.

Speaker 2 (01:41):
They hardly showed Tailor and they only showed Sad Kelsey later.

Speaker 3 (01:46):
Yeah. Yeah, I was expecting that to go the other direction.
Everybody was right.

Speaker 2 (01:50):
I think if you had you know, everybody that didn't
live in Philadelphia, I think was I think it was
going to go the other way.

Speaker 3 (01:55):
Eagles people were very happy.

Speaker 2 (01:57):
But you got to see your concert. Yeah that it
was a good halftime show.

Speaker 3 (02:01):
It's interesting. I enjoyed it very much.

Speaker 2 (02:03):
Well, good glad you did.

Speaker 3 (02:05):
Not everybody Dido had thoughts. Oh yeah, where do you think, Fritz?

Speaker 4 (02:10):
It was good because the Eagles won. Tired of the Chiefs.

Speaker 2 (02:16):
There you go. Yeah, well I heard that sentiment a
few times. Hopefully one of the first super Bowl I
think it's the first super Bowl that everybody could gamble
on or am I wrong? Was that last year?

Speaker 4 (02:25):
I don't know.

Speaker 3 (02:26):
I feel like I don't know.

Speaker 2 (02:27):
Maybe some states it was.

Speaker 3 (02:28):
Maybe this is the first sup Bowl that everyone could
gamble from their bed, from their car.

Speaker 4 (02:34):
I saw a great reel of this guy who spent
eleven thousand dollars betting on the Kansas City Chiefs wearing
Patrick Mahomes jersey, and he was like, that's me. I
wish I could take this moment back. He's like, I
put eleven thousand down on these different like prop bets
and whatever, and then if most of them hit, he
would have gotten over one hundred thousand dollars. And he

(02:56):
but what did he get? He lost eleven thousand dollars.

Speaker 3 (03:00):
Yeah, I feel like that's painful.

Speaker 4 (03:02):
And then he said it was a great game, go Eagles,
like he was kind of eating crow, you know what
I mean.

Speaker 3 (03:08):
Okay, Well, it's nice that he said it. And you know,
I mean people should hear those stories as well, you know,
you always hear the wind stories.

Speaker 2 (03:15):
Yeah. Yeah, I don't know who was happy about the
Eagles outside of Philadelphia and all the all the all
the book keys, all the book keepers, all the people
that keep you know, the ones that make the.

Speaker 3 (03:25):
Bets all these I thought, I'm not sure how gambling works,
but I think it works really well. If you bet
on the team that's not supposed to win. Yeah, right,
that's how works. So a lot of people probably upset. Yeah,
I'm sure a lot of people who bet on the
Eagles are happy, right because they made money. Right, Yeah,
that's what I mean. I think that's how work.

Speaker 2 (03:44):
Don't lose your house betting on sports ball. That's my advice.
That's my ps A. Don's PSA, don't lose your house
betting on sports ball.

Speaker 4 (03:52):
But don't. If they did lose their house, how could
they refinance and they don't have a house run off.

Speaker 3 (04:01):
At the Star with the new house? Oh gosh.

Speaker 2 (04:06):
Well, here you are, welcome to the Home Loans radio
show with that mortgage guy down. We're here doing what
we do every single Saturday, which is what are we
going to talk about? MJ? What do you got cooking?
What's going on in the world, MJ? How's the synchronized
swimming team going?

Speaker 3 (04:20):
I had to put that aside for a minute.

Speaker 4 (04:22):
I was the only one who could do it. Last week.

Speaker 3 (04:23):
You're gonna circle back I gotta start having auditions and stuff,
and you don't.

Speaker 2 (04:27):
You refuse to get your hair wet.

Speaker 4 (04:29):
So that's a tough that's the beauty of it.

Speaker 3 (04:31):
You get to wear a very fancy rubber hat with
flowers and stuff on it.

Speaker 2 (04:35):
That whole sentence is something I don't think I've ever
said in my bathing cap.

Speaker 3 (04:41):
And it keeps your hair from getting wet.

Speaker 2 (04:42):
And I see you doing the motions, but no one
else can see you over your head. You pull it
down tight like a little cap.

Speaker 3 (04:51):
Do you remember your Bible stories? Okay, I don't know
if everyone knows Bible stories. A lot of people do.
I grew up listening to Bible stories. Heard about Jonah
and the whale.

Speaker 2 (05:03):
Joanah. Sure, he gets swallowed by a whale and.

Speaker 3 (05:05):
He hangs out in there for a while until he
and the whale come up to an agreement and the
whale says, all right, get out of my head. You're
annoying me. And it was a pain rent m Yeah,
all right, the whale spits him out and he lives
to tell the tale.

Speaker 2 (05:17):
Great story. I think I know where you're going with.

Speaker 3 (05:19):
Yeah, this guy got got swallowed by a whale.

Speaker 2 (05:21):
This week on video.

Speaker 3 (05:23):
I know, if it was on video, would anyone believe it?

Speaker 4 (05:27):
No, was he like a kayaker.

Speaker 2 (05:29):
He was exactly a kayaker. I think it was off
the coast of somewhere else South America, like Chile or somewhere.

Speaker 3 (05:34):
His dad was filming him kayaking and a giant whale.
What kind of whale?

Speaker 2 (05:39):
I think it was probably a humpback just.

Speaker 3 (05:42):
Just came up out of the ocean and swallowed him,
took a little swish and said, spit him right out. Yeah,
it's amazing, it's on video. It's crazy.

Speaker 2 (05:51):
I saw I was watching. I saw that video. It
looks like one of those things. Well it's if it's
your time, it's your time situations. You're kayaking and a
whale swallows you, and.

Speaker 3 (06:00):
He said, I figured I am dead.

Speaker 4 (06:02):
The whale probably didn't want a lawsuit.

Speaker 3 (06:04):
Was like, no, this tastes litigious.

Speaker 2 (06:09):
You've seen the you've seen the videos where the humpback whales,
you know, come way up from the bottom with their
mouths open, and you know they just get a whole
bunch of fish or a whole bunch of water. I
think that's what it was doing, was feeding. It happened
to be a kayaker, but I.

Speaker 3 (06:21):
Thought he was going for plankton and he got kayak.

Speaker 2 (06:24):
Check it out. I think I'm gonna post it on
Instagram here shortly at that mortgage got down. You can
follow me there, but check it out. If you haven't,
say oh you can, all you got to do is uh,
you know, type it in you'll be able to see it.
That videos everywhere.

Speaker 4 (06:34):
But it was a fun fact. They use bubbles when
they hunt. They will go to the bottom and will
blow up bubbles and will form a column a like tube,
and then the fish become confused because of the rushing
up bubble, so they just stay in place and they
just come right up from the bottom and eat them.

Speaker 2 (06:50):
And they work in teams to do that. Yeah, I
saw that. I saw a good whale show recently. Nothing
nothing like a good good whale show.

Speaker 4 (06:58):
Good whale show man that for a long time. Now yoga,
some whale shows and some green tea. Oh secret life.

Speaker 2 (07:07):
Right there you go? Is that the name of the
new album?

Speaker 4 (07:10):
Yep, Hump back Whales, yoga and green tea.

Speaker 3 (07:17):
Sometimes you can see a whale tail while you're doing yoga.

Speaker 2 (07:19):
Oh hey, now there you go. MJ. Now you've done it.
What are we talking about here? Well, folks, you can
text into seven seven zero three one. It's a live
show every Saturday, almost every single Saturday. Were you saying
something the comment every single Saturday live show? Check it

(07:40):
out forget what oh? You can text into the show
seven seven zero three one. Ask anything you want to ask. Kevin,
I'm a mortgage, real Estate business Loan Expert, SBA loan expert.
Any question you want to ask, send it in, Text
it into seven seven zero three one. We'll get it
on air. Answer your questions. You know, you got a
divorce going on, you got an inheritance going on, you
want to buy a house, your first time home buy
or whatever. You know. You can ask those questions here

(08:02):
Saturday mornings from nine all the way until ten thirty live.
Do it. Text into seven seven zero three one. You
can also go to the website that mortgage guy don
dot com. All kinds of cool things there, anything having
to do with residential or commercial loans. You can read
about it there and you know we'll we'll do the thing.
We'll do the show. You text it in, we give
you the the answers. You can also just tell us

(08:23):
what you're doing out there.

Speaker 3 (08:24):
Oh, I do like to know that part, right. And
today it's going to be warm, right.

Speaker 2 (08:27):
It's supposed to be a higher eighty four, eighty five.

Speaker 3 (08:31):
But then we get a little break.

Speaker 4 (08:33):
Summer is back, baby well, and then a little.

Speaker 3 (08:35):
Break, little fall.

Speaker 2 (08:36):
I'm a little something.

Speaker 4 (08:37):
I'm gonna be walking around half naked.

Speaker 3 (08:40):
I do want to know about these sunflowers. I want
the Sunflyer report. Oh yeah, they are going very strong
right now.

Speaker 4 (08:47):
I don't know. There's about twenty of them, and then
I have like at least twenty growing like little pups.

Speaker 2 (08:52):
People like those pictures. I posted one the last couple
of weeks during the show, and you're getting a lot
of like sun Fritz's flowers there.

Speaker 4 (08:58):
Well, people are gonna have to coming over and picking
them because they're I'll be there to be dying soon
and that's it.

Speaker 3 (09:03):
I know where they are low site. When they die, though,
then they release their seeds and then more so.

Speaker 2 (09:09):
Yeah, is that how it works?

Speaker 4 (09:11):
I don't know, I think so.

Speaker 2 (09:12):
I don't know. I've never had it sun far before.

Speaker 4 (09:14):
I've never either.

Speaker 3 (09:15):
I just eating their seeds, right, I've just eaten their seeds,
and you know, carried them around and put them in vases.

Speaker 4 (09:21):
In vases, you know, vases.

Speaker 2 (09:24):
Why are you putting sun flower seeds and vases?

Speaker 3 (09:27):
No, not the seeds, the flowers, the flowers. Fair It
doesn't work out.

Speaker 2 (09:31):
Well, say that's how do you like my seed arrangements?
I like your vases, your vases opake. Well that's the
way it works.

Speaker 4 (09:39):
It sounds like a German word vases like vasa yeah,
like water.

Speaker 2 (09:45):
Yeah, means what's happening? What's going on?

Speaker 3 (09:48):
We do have a lot of mortgage questions. Forward to
your mortgage questions, so please text them into seven seven
year and three one.

Speaker 2 (09:55):
Also, let me get behind on them.

Speaker 3 (09:56):
And Flats fishermen is here. Never feared all right?

Speaker 4 (09:59):
Okay?

Speaker 3 (10:00):
Flats and Brice says it was Moby Dick in real life,
right right.

Speaker 2 (10:04):
All those stories come from real life, you know, even
the old Bible stories. I don't think it's the first
time it's happened. Then. It was a central theme in
the story of Pinocchio, you know, getting swallowed.

Speaker 4 (10:16):
By people were really afraid of whales. Yeah, but Pinocchio
really fear mongering on on them whales.

Speaker 3 (10:23):
Mm hmmm.

Speaker 2 (10:24):
I like whale watching. I don't think I want to,
you know, get inside their mouth or anything.

Speaker 3 (10:29):
If you gets spit right out, that's quite an adventure.
He was just in the first just so fast. It's
like it'll twirl around. It's like, oh, I'm dying.

Speaker 4 (10:36):
Yeah, who was in the wrong by the way, let's
say we had.

Speaker 2 (10:38):
The shoes right away? Turned into a law.

Speaker 3 (10:43):
He couldn't say the whale had the ride away since
it was his house.

Speaker 4 (10:46):
I'm yeah, get.

Speaker 2 (10:48):
Him on the horn, Get him on the horn. Speaking
of which, we got the an announcement. Announcement. They're they're
studying the publicity on social media and stuff for the
next Big Mow celebrity bowling tournament for charity coming up
in April. I think April twelfth, the Home Loans radio
show will be there. I am one of the celebrities.

(11:11):
We have our own lane. Very exciting. So that's a
that's gonna be fun. Get your tickets. I'm gonna get
an announcement here shortly. I'm waiting on a text, but
I'll tell you where you can go to get your tickets.
But that's gonna be fun. I had a blast doing
that last year. You got you guys have a good
time doing that last year.

Speaker 3 (11:24):
Great, Yeah, it was fun.

Speaker 2 (11:26):
This year. I like bowling gonna be even better.

Speaker 3 (11:29):
I think bowling's better if you dance while you bowl.

Speaker 2 (11:31):
You do a lot of pre bowld pre roll I'll
call it pre roll dancing.

Speaker 3 (11:36):
Theres a lot of build up and then there's a
very bad bowl.

Speaker 2 (11:39):
There's the typical bowler that I've that I've observed, you know,
grabs their ball, you know, dust it off a little bit,
get their hands dry and the little fan, you know,
get so your your hand's not slippery, and.

Speaker 3 (11:49):
Then they get up for my feet, my feet gets ready.

Speaker 2 (11:54):
Get up to the mark. You know, they got a
mark already pre figured out where they got to be
to do their bowling uh roles. And then then they
do it. MJ. Because at this bowling tournament, loud music's playing.
It's like almost like a midnight It's like a fun thing.
The o Vito Bowl place is also really cool because
they got about one hundred thousand pinball machines there that
are on free play during the bowling tournament. That's fun.

(12:15):
But MJ gets up there and dances for about a
whole song, finds her spot and then flings the ball
into the crowd. It's always fun.

Speaker 3 (12:23):
I like it when it bounces more than once.

Speaker 2 (12:25):
Oh yeah, everybody does. They scatter and applaud every time.
So you want to see some of that. Yeah, you
definitely want to come out. I'll bet I'll do some
practicing before the just call Most Celebrity Bowling Tournament. It's
gonna be fun. Every there's like a celebrity. I'm doing
air quotes, says celebrity because of me. But on all
the all the lanes have their own celebrity and you

(12:46):
can buy one of the five spots to bowl with
your favorite celebrity.

Speaker 3 (12:50):
I see.

Speaker 2 (12:50):
So yeah, it's pretty cool and it all raises money
for charity. We'll talk more about it as the two
weeks go on. We got about about six weeks till
it's time. You were listening to the Home Loans radio
show with that mortgage guide don That's right, that's me.
You got a quick question there, m Jay, Yeah I do.

Speaker 3 (13:06):
I'm currently in the process of shopping for a single
family primary home purchase. Do you underwrite jumbo loans with
ten percent or less down?

Speaker 2 (13:13):
We do? Yeah, you can. The typical jumbo loan is
going to want you to put down at least twenty percent,
but we have several options for ten or fifteen percent.
So yeah, great question is reach out on the website,
start the application the normal way, like a purchase pre approval,
and we'll shop around. We got about ever think right now,
we got over twenty maybe twenty twenty one jumbo lenders

(13:34):
that we can shop around and see which one's going
to give you the best deal.

Speaker 3 (13:37):
Second part of that question is what do you think
the approximate rate might be for seven forty on a jumbo.

Speaker 2 (13:44):
I'd say we're probably in the mid sixes, somewhere mid
mid to high sixes, somewhere in that range. Yeah, we'll
talk about rates here shortly. We're gonna take a quick break.
We'll be right back after these messages. Hey, hey, hey,
it's that mortgage guide don. February is here and the
time has come to spruce things up and get those
new windows installed before summer is upon us once again.

(14:06):
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(14:49):
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Speaker 4 (15:02):
Hey, this is Devil Roberts from the Jim Culbert Show,
and you're listening to Home Loans Radio on Real Radio.
Now back to the show with that mortgage guy Don.

Speaker 3 (15:13):
Hey, Hey, you are listening to Home Loans Radio where
we talk about mortgages mostly that's why you're here. I'm
sure to hear about mortgages, and we're gonna get to that.
We're gonna talk about mortgages because mortgages are fascinating, all right,
I'm ja, we love it. Can't get enough of mortgage talk.

Speaker 2 (15:28):
Well done a mortgage babe.

Speaker 3 (15:34):
Yeah, Fritz, Why haven't you sung a song about mortgages yet?

Speaker 4 (15:37):
I don't know. I mean everyone's clamoring form, you know, I.

Speaker 3 (15:40):
Mean, that's what that's what most people want to hear.

Speaker 2 (15:42):
What is clamoring? People standing around going clamor clamber clamber.

Speaker 3 (15:45):
I don't know.

Speaker 4 (15:45):
Yeah, I think it means when you get your hands
stuck in a honey jar, I'll win the poop and
then you clamor.

Speaker 3 (15:52):
Oh oh, I love that. Well there's a song.

Speaker 2 (15:59):
No, there's nobody to write a song about a mortgage.

Speaker 3 (16:01):
Maybe about stick getting your hand stuck.

Speaker 4 (16:06):
Here's someone with no follow up explanation.

Speaker 2 (16:09):
I got stuck, I got my hand stuck. Sticky situation
ten seconds in the mind of m J. Brought to
you by Home Loans Radio.

Speaker 3 (16:20):
You don't want to get in there. There's a lot
of stuff swirling around. Agree. Here's someone who uh their
name tag is Fritz Fan. Oh oh, no, Fritz Fan.
Is it Darcy? I don't know. Is Darcy installing a
driveway gate an opener learning about mortgages?

Speaker 4 (16:42):
Know her, probably, but no, he's not doing that.

Speaker 3 (16:44):
I mean, I think a driveway gate is like I
want to how cool that is. It's like, so, oh
you have arrived.

Speaker 2 (16:53):
You got to have the fence too, because the gate
without a fence, just.

Speaker 3 (16:55):
A gate, it's just awkward.

Speaker 2 (16:57):
It's like you're gonna have to walk around that fence
if you want.

Speaker 3 (16:59):
To the gate, but you can't get your car anyway. Cool,
Good on you, sir.

Speaker 2 (17:04):
Yeah, I want to. I want to drive away.

Speaker 3 (17:06):
That's awesome.

Speaker 2 (17:07):
There you go. MJ. Don't assume because they're building a gate, then,
you know, could be anybody.

Speaker 3 (17:11):
It's true, it's true.

Speaker 2 (17:13):
That's what you always tell me anyway.

Speaker 4 (17:14):
By the way, speaking of Darcy, she thinks that vas
and vasser is vas is the derivative word for which,
which would make sense.

Speaker 2 (17:24):
I think so vaser just buss right, because you would
keep water.

Speaker 4 (17:30):
On the basic Oh boss, okay, we were talking about
that earlier.

Speaker 3 (17:33):
Got it makes sense.

Speaker 2 (17:36):
No one knows what we're talking about, right.

Speaker 3 (17:38):
Yeah, right, right right, That makes sense? Got it? AnyWho,
boss is what you need to stick your sunflower?

Speaker 2 (17:43):
That's right?

Speaker 4 (17:44):
Yeah, and you need to make the sunflower grow.

Speaker 2 (17:47):
There you go. We've got it all sorted.

Speaker 3 (17:49):
Got it? I like it?

Speaker 4 (17:50):
Take that Germany. What do you know.

Speaker 2 (17:55):
Listening to due Lingo? Yeah, you're listening to the Home
Loans radio show with that Mortgage Guide Don. We're here
doing what we do every single Saturday. You can text
into the show seven seven zero three one. You can
also check us out on Instagram. Follow me there at
that Mortgage Guide Don. I'm gonna next break, I'm gonna
post this man getting swallowed by a whale picture. If
you haven't seen it, that's pretty crazy. Check it out.

Speaker 3 (18:18):
I do.

Speaker 2 (18:19):
Please follow us on Instagram. We're trying to build up
the Instagram followers went up to about sixteen hundred, which
is about sixteen hundred more than we had three or
four months ago. So thank you to all of our
listeners for doing that and checking it out, trying to
post cool, funny stuff on there.

Speaker 3 (18:32):
Greencare say good morning, Thank you Don for helping us
find our dream home in Orlando with Alexi and Bryan.

Speaker 2 (18:37):
Congratulations to you guys, for finally getting finding the one
you want, getting under contract. They got under contract yesterday
and they're also selling their house, doing it all simultaneously.
And yeah, we're working with one of our sponsors. You
hear their commercials dream Home Orlando. That's Alexia Boudroom with
Keller Williams. Reach out to them and dream Homes Orlando
and you can get your house, your dream house, just

(18:59):
like bring car you did.

Speaker 3 (19:00):
Oh they helped you too, Fritz right, yeah, oh yeah, yeah, yeah, absolutely.

Speaker 2 (19:04):
Real to to the stars Alex there.

Speaker 3 (19:08):
Yeah, if I refinance to take cash out of my house,
am I required to escrow my taxes and insurance to
the county an insurance company? Do I gotta do it.

Speaker 2 (19:18):
One more time? Let me hear the whole thing is.

Speaker 3 (19:19):
If I refit to take cash out of my house,
am I also required to escrow my taxes and insurance?

Speaker 2 (19:26):
That is going to be a maybe. Sometimes it depends
on the type of loan, Like if you're doing an
FHA loan or a VA loan, you always have to esk. Right.
They don't let you not escrow with those type of
government loans because.

Speaker 3 (19:39):
They don't want to lose your house because you didn't
pay your tax I guess.

Speaker 2 (19:41):
So that's probably the you know, they don't want you
to get behind on your taxes because if you get
behind on your taxes in like in Florida, people can
buy tax certificates and after three years they can own
your home if you haven't caught up on your taxes.
So yeah, it can be a big deal. So v
A and FHA, if you refinance with them, you're going
to have to have escrows. Conventional loans. You you don't
have to escrow if you're below eighty percent loan to value,

(20:04):
meaning your loan is less than eighty percent of what
the house is worth. Uh And since you cannot do
a cash out above eighty percent, the answer to be yes.
On all conventional loans you can you can opt not
to escrow, not have your taxes and insurance as part
of your payment. That's a good question. Thanks for texting
that in a seven seven zero three one. So if
you if you want to not escrow, you need to
make sure or I need to make sure whoever it

(20:25):
is that you're that you're looking at a conventional loan.
That's the only way you're going to be able to
not escrow. On that that refinance.

Speaker 3 (20:31):
Here's someone that says, I have a crap ton of equity,
A crap ton, A crap ton of equity.

Speaker 2 (20:36):
Is that still two thousand pounds? I don't know, you know,
like a metric ton? Oh?

Speaker 3 (20:40):
I see?

Speaker 2 (20:41):
Okay, what's heavier? A ton of feathers or a ton
of steel, they're the same.

Speaker 3 (20:45):
That's yeah, I have a crap ton of equity and
an additional crap ton of debt.

Speaker 4 (20:52):
All right, well, all the and the yank that got
a lot of poop?

Speaker 3 (20:57):
What I thiged? I'm a very a very visual thinker
picturing this giant.

Speaker 2 (21:02):
So you got a ton of debt, ton of debt,
a ton of equity. That's a good that's a good match.
So far? What are you?

Speaker 3 (21:07):
I want to pay off about one hundred and fifty
K of debt that is costing me over six thousand
dollars a month in interests.

Speaker 2 (21:14):
Wow, that's a lot of interest.

Speaker 3 (21:15):
That's not just the interest.

Speaker 2 (21:17):
It doesn't surprise me though. Credit card interest. If you know,
if you're carrying a balance, you're probably paying close to
thirty percent interest. Thirty percent? Can you imagine people? Are
you know, upset about house mortgage rates being in the sixes,
imagine thirty percent. So yeah, right, but you go on.
That was a but do go on? Go on?

Speaker 3 (21:37):
Costing me over six thousand dollars a month. That's just
the interest. I have about one hundred and fifty k
existing mortgage with a three percent rate. Does it make
sense to get alone to refinance? They don't tell us
what their house is worth, so yes, you got to
just kind of figure that out. That they said they
had a crap ton of equity three percent.

Speaker 2 (21:54):
So if your first mortgage is at three percent, and
if you're looking to do a heelock, which is a
second mortgage, that way you could keep that first in
place and keep your three percent rate. If you did
a home equity line or a second mortgage, we could
look at doing it that way. The rates on the
home equity lines on the very low end or in
the fives, you can buy it down into the fives.
On the high end, they're probably ten or eleven percent. Interest.

(22:14):
That's still going to be a third, you know, if
you're you're talking about wiping out credit card debt. I
think and then the other option besides getting a second mortgage,
might be to refinance. You know, if we could do
like a fifteen year loan and get your rate into
the fives, it might make sense to refit it all
as one loan. We'd have to do the math and see, basically,
is it going to come out cheaper for you to
have your current loan at three percent plus a home

(22:35):
equity line or is it going to come out cheaper
to wrap it all into one. And it also depends
on how you want to use it, you know, because
an equity line is something you can you can draw
on multiple times, Like if you have one hundred Let's
say we do a two hundred thousand equity line and
they want to pay off one hundred and fifty in debt.
They could pay off that one fifty in debt and
still have fifty on the line that they could use.
They could do, you know, buy a car later, or

(22:57):
buy a new kitchen or whatever it is that you know,
do new floors or whatever it is that they want
to do. So I think we would have to get
the math. If you want to get an answer quickly,
you go to the website that mortgage guy don or
Instagram at that mortgage guy don and just start the
application for a REFI we'll do a soft credit pull,
so no hard inquiry will get you a quote, send
it out to you and if you like it and
then we can talk about next step. So if it's

(23:18):
not what you're thinking, then then have a nice day.

Speaker 3 (23:25):
Have a nice day. Like Eric is. Eric's hanging out
with his wife Jen and they're going to Reds for
breakfast and buying another puffer for our aquarium. I think
that means a puffer fish.

Speaker 2 (23:34):
Maybe probably they must have a saltwater aquarium if they're
doing puffer fish. I think my good, my good friend
Troy has a big, huge saltwater aquarium and he's got
cool stuff in there, man, like an eel and other
other cool fish.

Speaker 3 (23:51):
And people love eating meals.

Speaker 4 (23:52):
Most puff fish are considered saltwater fish, all right, thank you.

Speaker 2 (23:56):
His eel eats other things. It's like you gotta feed it,
like you gotta feeded a little shrimp. And then he
puts up videos of going after the shrimp.

Speaker 4 (24:04):
And children of the cave shrimp lunch.

Speaker 2 (24:08):
That's pretty cool. Where were they going for breakfast? Reds?

Speaker 3 (24:10):
Reds? I don't know where that.

Speaker 4 (24:11):
Is that is.

Speaker 2 (24:12):
I guess I need to ask someone.

Speaker 3 (24:13):
Love you guys.

Speaker 4 (24:14):
I just like Bob's redmill or whatever. You know, they
make grits and then the cane.

Speaker 3 (24:20):
They do they make grains. Yeah, they mill stuff right there.
I do like grits. I'm a fan of the grit
What kind of grits. Well, you know, there's so many
kinds of grits. I mean, they're all sugar in your grits. See,
that's a different that's like those are we usually wheat,
that's cream of wheat.

Speaker 4 (24:40):
The cream of wheat is fine, you know, but like
when people do that for grits, it's like, yeah, it
confuses me.

Speaker 3 (24:47):
It's not it's not what I It's not how I
came up.

Speaker 4 (24:49):
It's like sweet corn.

Speaker 3 (24:50):
Yeah, I don't get it.

Speaker 2 (24:51):
I like to with grits, like at a breakfast place.
I like a little pat of butter on there, salt
pepper that's the way to go.

Speaker 3 (24:59):
An extra p or like pepper it up. I like
the grits peppery that's the way to go. Yeah. But
polenta is basically polenta is basically grits also, which are
which are fine.

Speaker 2 (25:09):
Well, they just call it grits.

Speaker 3 (25:10):
Well because they're.

Speaker 4 (25:14):
I agree. It's like a pressed sandwich, panina sandwich?

Speaker 3 (25:18):
Why don't they just because they have Italian they call
it panini? Yeah, I love a panin.

Speaker 2 (25:24):
Well, there you go. You nailed it.

Speaker 3 (25:27):
All right. You're here with grit talk.

Speaker 2 (25:29):
Yeah.

Speaker 3 (25:29):
I would love to hear your mortgage questions. Text them
into seven seven zer or three one.

Speaker 2 (25:33):
I wish oatmeal was better, because it's supposed to be
really healthy for you. It is, I just don't like it.

Speaker 3 (25:37):
Have you tried steel cut oatmeal?

Speaker 4 (25:39):
Oatmeals what else?

Speaker 2 (25:40):
They're cutting it with like a wood chipper when.

Speaker 3 (25:43):
They cut it with steel.

Speaker 4 (25:45):
Put some meth in there? Oatmeals fine. You just got
to put like a half pound of brown sugar in there.
You got some ple syrup?

Speaker 3 (25:54):
Yeah, yeah, yeah, yeah, yeah.

Speaker 4 (25:55):
You have to take a multivitamin because of all the
harmonies your lever, but yeah, it's great for your heart.

Speaker 2 (26:02):
Do you wipe out all the health benefits when you
put in a half pounds of brown sugar?

Speaker 4 (26:06):
There's an old Spanish proverb that I love and I
think about often. What's good for the spleen is bad
for the liver, and I often think about that with oatmeal.
It's like this tastes like crap, but it's good for
your heart, you know, or like bacon tastes great, bad
for your heart.

Speaker 2 (26:20):
What's good for the spleen is bad for the liver.

Speaker 4 (26:22):
Yeah, do you eat?

Speaker 3 (26:24):
Isn't that?

Speaker 4 (26:24):
It's a great line, isn't it.

Speaker 2 (26:26):
It's a thinker.

Speaker 3 (26:27):
Yeah, I don't, but I don't know anything about my spleen.

Speaker 2 (26:30):
Well, you're gonna have to google it later.

Speaker 3 (26:31):
I feel like I.

Speaker 4 (26:34):
Don't know.

Speaker 2 (26:37):
You don't have to solve this right now.

Speaker 3 (26:38):
Make it a list, all right, clean, I'll come back
next week and I'll explain the spleen.

Speaker 2 (26:48):
Well, time's tease it. It filters blood, I think, yeah,
it stores and uh, it holds extra blood.

Speaker 3 (26:58):
I like a backup.

Speaker 2 (26:59):
You can live without a s please?

Speaker 4 (27:01):
Yeah?

Speaker 3 (27:03):
Really? Oh yeah?

Speaker 2 (27:07):
Right, Well, there you go. You are listening to the
Home Loans Radio show. We're gonna take a quick break.
We'll be right back after these messages.

Speaker 4 (27:15):
Hey, this is Ryan from the Monsters, and now back
to that mortgage guy don on Real Radio. Yeah, that's right.
You got questions? Do you want to buy a house?
Sell a house? You're in the right place, baby. Use
this is Home Loans Radio. Text your question into seven
seven zero three one. Anything from buying a house, selling
a house, refinancing. How to unlock the front door. Sometimes

(27:37):
that gets confusing, and sometimes maybe Don knows how to
do that better than you him on Instagram at that
mortgage that mortgage guy Don, and you can go to
that mortgage guy Don dot com.

Speaker 2 (27:48):
There you go. Welcome back to the Home Loans Radio Show.
How to open your door, turn key, turn the key
to the right.

Speaker 3 (27:53):
Now you have a smart lock.

Speaker 4 (27:56):
Hey my door done?

Speaker 2 (28:00):
That was me. Every three am, I come over and
check and see if your door's locked. I rattle that handle,
rattle it. Then last night it was unlocked, so I
just opened it and threw some cats in there.

Speaker 4 (28:08):
We thought it was raccoons.

Speaker 2 (28:12):
Welcome back to the Home Loans Radio Show with that
mortgage guide. Don. You're here. We're doing it. We're doing
the thing, texting your questions. Seven seven zero three one.
I was talking earlier about the upcoming Celebrity mo they
just called Most Celebrity Bowling Tournament. The team from Home
Loans Radio will be there. It's let me read the thing,
Let me read the thing. Get ready to roll. It's

(28:32):
the second annual. Just call Most Celebrity Bowl a rama
and you're invited to join the fun Come Bowl with
your favorite Central Florida celebrities on Saturday, April twelfth, from
two to five pm at the Ovito Bowling Center. All
proceeds benefit Rosie's Adventures, a local nonprofit helping kids battling cancer.
Lanes are filling up quick. I just got a text
from Moe's right hand man John telling me that thirteen

(28:55):
of the lanes are already sold out. Wow, and they're
just brought it out.

Speaker 4 (28:59):
So hey, neighbor, you can visit.

Speaker 2 (29:01):
Just call mo dot COM's Forward Slash Bowling for more
details or to get your tickets. Some of the celebrities
we got to Brendan O'Connor, Tom and Dan from The
Tom and Dan Show, Samantha Harror. I don't know who
that is, Angel Rivera, she was on the show. Oh okay,
that's right, Angel Rivera is gonna be there, Sean Waston,

(29:21):
Ross Paget, Savannah Bone, Jason Guys, Sondra Ray, Jack Bradshaw,
Brian Grimes. You got anything you want to tell Jack,
that's a good day. You just come out there. Tell
him what you want him to know. He loves that.
Brian Grimes, Jojo O'Neil, Matt Austin, Eric Burris, rile At,
Ryan Holmes, Ginger Gadson. That mortgage guy Don, that's.

Speaker 3 (29:40):
That Austin was next to us last year.

Speaker 2 (29:42):
Arlane and oh yeah he was fun.

Speaker 3 (29:43):
He came over like twice and said, you guys are
having so much more fun.

Speaker 2 (29:46):
Oh we got fun on the home Loans radio. That
mortgage guy Don lane Don't was loud and fun. Don't
you mistake you get to see the fourteen minute MJ
dance it up to her bowling role.

Speaker 3 (30:00):
This matter.

Speaker 4 (30:01):
Yeah, let me just say this too. We were the
only lane that were actively cheering on the other lanes too.
There was no competition. And then about halfway through the
other teams realized we weren't being sarcastic, and then we
started cheering for us too.

Speaker 2 (30:17):
Right.

Speaker 4 (30:18):
I can be both ways people, you know. I tell
people every week at trivia, cheer for the other trivia
team when they get things right, because without them you're
not winning third, second or first place. This would not
be a thing. Like we have teams cheer them on.
That's all I gotta say.

Speaker 3 (30:33):
I love it.

Speaker 1 (30:34):
I love it.

Speaker 3 (30:35):
There you go, little love for the room.

Speaker 2 (30:37):
Everybody wins a trophy.

Speaker 4 (30:39):
Well, no, only the other thing.

Speaker 2 (30:41):
The other thing I forgot to tell you. If you
come out to the Celebrity Bowling Tournament, they just call
most Celebrity Bowling Tournament tournament on April twelfth, you can
get details that they just call mo website Forward slash Bowling.
But they I am buying the first drink for everybody
who buys a spot on a lane or buys you know,
it's a bowl. I buy their first drink, all right.

(31:02):
You know, it can be a soda, it could be
a beer, it could be your cocktail, whatever you want.
But the first one's on me.

Speaker 3 (31:06):
So that's one of those big drinks that's on fire.

Speaker 2 (31:09):
I don't know if they have fire drinks at the
bowl and only, but we'll ask.

Speaker 3 (31:12):
I've never had when I've just seen him in the movies.
It looks fun.

Speaker 2 (31:14):
I think they've got that poster up behind the bar
that says, do not sell fire drinks to this person.
That's your photo just burn down four lanes, fire and alcohol.

Speaker 4 (31:24):
We all agree it is awesome. There's no denying that.

Speaker 3 (31:27):
But stop, I'll put on extra hair spray that day.

Speaker 2 (31:31):
Oh fair.

Speaker 3 (31:32):
Here's what it says, slicedtewed tomatoes go great on grits,
do they? I feel like we're venturing into polenta territory
at that point. Here's the one who's asking, how's your neck?
I don't know why MJ needs an explanation of the spleen.
There you go, the Graveler.

Speaker 4 (31:46):
That's good fun.

Speaker 3 (31:47):
Hey Gabler, I like it, Hey Graveler.

Speaker 4 (31:49):
Anyway, I recently gave Graveler my PS four tomorrow because
he wants to play all of the Last of US
games because it's coming out in April.

Speaker 2 (31:58):
Oh wow.

Speaker 4 (31:59):
So I'm really excited because it's like giving someone your
favorite book and then they read it and come back
and they go, wow, yeah, now we can talk about it.
I love that.

Speaker 2 (32:08):
I do.

Speaker 3 (32:08):
I think it's a very cool thing to do with
someone as read a book together. But I guess that's
the whole reason they have those clubs and stuff clubs.

Speaker 4 (32:14):
Yeah, it's more fun with video games, you know.

Speaker 2 (32:17):
Did I get it?

Speaker 3 (32:18):
I get it?

Speaker 2 (32:19):
Did you get your PS four back?

Speaker 4 (32:21):
I mean this just happened still on loan.

Speaker 3 (32:24):
Yeah awesome. Here's the one Toe who ask and I
don't know that you can answer it, but the question
is how much does it cost to put your home
in a revlicable trust.

Speaker 2 (32:32):
I don't know. Yeah, that's a that's a that's a
lawyer question. You need somebody.

Speaker 4 (32:38):
It's well av irrevable.

Speaker 2 (32:42):
So arevable trust basically means it can you can take
it back like it's It can be changed, it can
be adjusted. So a trust is a legal way of
owning something without having it in your personal name. People
do it for reliability reasons. Sometimes they do it for
tax reasons. So, but you need to talk to an attorney.

(33:02):
And the fees are going to depend on, you know,
if you're changing a title. In some cases you have
to pay the dock stamps, the state of Florida dock
stamps again, so you may you know, it could dependent
on the value of the home and if you have
to pay the dock stamps, and then if you you
know what you pay the attorney. I don't know what
it would cost, but I would guess. I guess probably
in the thousand to three thousand range, depending on the
dock stamps. But that's a good question. You can reach

(33:23):
out to one of our sponsors, all Florida Title dot com.
They have an attorney on staff that can answer those
kind of questions.

Speaker 4 (33:29):
So I'm actually compiling all of these questions in a
document and maybe we can work something out later where
we have a you know, and this should have been
talked about off air, but maybe we can do you
never do that an, No.

Speaker 2 (33:44):
That's a good question. I don't know the exact cost,
but you can find out Tuesday, because Monday is a holiday.
But Tuesday, call all Florida Title and ask to talk
to someone about it. They know their business, They know
everything about titles and house titles that you could possibly
want to know.

Speaker 3 (33:56):
I did hear this other story that I wanted to mention,
even though we should be talking about mortgages.

Speaker 2 (34:01):
No, I like where you're going? What do you got?

Speaker 3 (34:03):
Did you hear about the man who lost a six
hundred euro bitcoin fortune in a landfill accidentally threw it away.

Speaker 4 (34:11):
Like an old hard drive? What like he threw like
an old hard drive?

Speaker 3 (34:16):
No, here's a bitcoin.

Speaker 4 (34:17):
Yeah, but like, don't you store that on a hard drive.

Speaker 3 (34:20):
It's not a coin.

Speaker 2 (34:23):
Are you picturing he through like a super Mario coin
in the landfill.

Speaker 3 (34:26):
I'm just picturing a really big gold coin.

Speaker 2 (34:29):
No, no, bitcoin is the bitcoin is stored on a
digital wallet, like a hard drive. Yeah, he's going to
be looking for the hard drive that it was stored.

Speaker 3 (34:37):
Is it a little tiny like a little tiny hard drive?

Speaker 2 (34:40):
You mean like a thumb drive?

Speaker 3 (34:41):
Like, I mean, what how what? How big are hard drive?

Speaker 2 (34:45):
Six hundred you said, a six hundred million bitcoin.

Speaker 3 (34:48):
Six hundred euro, six hundred million euro.

Speaker 2 (34:50):
Six six hundred million euro. It's going to be you know,
you need a hard drive like the size of a
deck of cards these days, you know, for a two
terabyte hard drive. But yeah, he's probably looking for a
hard drive. That's where you store you bitcoin. That's the
proof of It's basically your receipt is on the hard drive.

Speaker 3 (35:05):
All right. I was picturing something very different.

Speaker 2 (35:07):
That's so funny.

Speaker 4 (35:08):
It also has like a like a twenty twenty key
password sometimes like really longswords.

Speaker 3 (35:15):
Yeah, I've heard about that, but yeah, I just figured
it was a coin.

Speaker 2 (35:19):
That's so fun Yeah. So do you have any bitcoin?

Speaker 3 (35:22):
No, I've checked all my coins.

Speaker 2 (35:24):
I have ten thousand dollars this guy sold.

Speaker 3 (35:26):
I just look at my quarters and I'm like, do
you identify as a bit They're like nope. Just a
quarter after he did a legal case to force the
council to let him search the landfill. They would not.
So now he got partners together and they're trying to
buy it.

Speaker 2 (35:43):
You know who's been searching the landfill. The owner of
the landfill, for sure. But you still need the CA.

Speaker 4 (35:49):
Yeah yeah, anyway, man, even if it was like just
give me one percent of that hall, right, that's that's
a windfall.

Speaker 3 (35:56):
Well, that's how he has partners because they're going to
buy the landfill to find the bitcoin.

Speaker 2 (36:00):
Wow, that's something.

Speaker 3 (36:02):
It's quite a job.

Speaker 2 (36:04):
I know you're joking about the bitcoin, right.

Speaker 3 (36:05):
A lot of coffee grounds, a lot of dirty diapers.

Speaker 2 (36:09):
I mean that's just you ever been to a landfill, like, yeah,
they smell a special way.

Speaker 3 (36:13):
They do smell a special way. There's so many birds.

Speaker 4 (36:17):
Man. If I could put that in a candle, you
know what I mean, landfill.

Speaker 3 (36:23):
Like landfill, it would just you just light in your
house to keep you conscious of your of your footprint
of garbage.

Speaker 2 (36:30):
Someone gave me a lovely gift this week, a candle.
It was a candle, a scented candle. And but the
scent I thought I found this amusing. The scent of
it is a fog and sand. Oh, oh yeah, but
neither one of those things have a scent as far as.

Speaker 4 (36:45):
Yeah, it's more of an aura. You know, they sell
those at home goods.

Speaker 2 (36:49):
I believe. Okay, Fog and Sand was like fog scents it.

Speaker 3 (36:53):
Okay, I'm seeing you said frog, But I get it, Fog,
I get it. Fog and Sand.

Speaker 2 (36:59):
Are listening to the Home Loans Radio Show where we
solve the troubles of the world right here on Saturday
mornings on Real Radio one O four point one. You
can follow me on Instagram at that mortgage guy Don.
We're about halfway through the show, so we got so much.

Speaker 3 (37:12):
More to we We have a lot of mortgage questions.

Speaker 2 (37:14):
Well, when we get back, we're going to answer some.
You're listening to the Home Loans Radio Show. We'll be
right back after these messages.

Speaker 4 (37:21):
Hey, it's Sabrina from the News Junkie. Do you have
a question for that mortgage guy Don Text him at
seven seven zero three one No. Back to Home Loans
Radio on Reel Radio.

Speaker 3 (37:34):
You're listening to Home Loans Radio with that mortgage guy
done talking about the mortgages kind of but we will
here we go.

Speaker 2 (37:44):
Uh huh, all right, I love that Welcome back to
the Homeowners Radio Show with the Mortgage Guy Don. You're
listening to it live. We're here doing what we do
every single Saturday. You can text in your questions to
seven seven zero three one or go to the website
That Mortgage Guide Don dot com. You because also follow
me on Instagram at that Mortgage Guide Don and uh

(38:06):
we got We're gonna get behind he him. Let's let's
do a couple of questions.

Speaker 3 (38:09):
Okay, I'm seventy six and my husband is eighty six,
and he's now in a in a full time care facility.
It'll cost eight thousand dollars a month. I can only
afford that for six months, and then I will be Baroke.
I want to keep my keep living in my house,
and I'm pretty spry for my age, and we have
to do best assets to get Medicare to cover the cost.
Our house is worth about five hundred K and has

(38:30):
no mortgage. I'm wondering if a reverse mortgage is a
possible way to keep my house, if I could keep
if it could keep me from spending all the savings
I have for the rest of my life.

Speaker 2 (38:40):
The save, oh the savings that they spending their only
savings got to that's got to carry him for for
the rest.

Speaker 3 (38:46):
It's gonna run out too with the six months after.

Speaker 2 (38:50):
Eight thousand dollars a month, that's a that's a that's
a lot of bitcoin. That's uh man, that's that's a
lot of money. So she's done. What she's telling us
is that she's got about fifty thousand and savings and
that that's going to run out. I think, yeah, I
think a reverse mortgage is really something that can help
you here. What it allows you to do to have

(39:11):
five hundred thousand inequity, so what it will allow you
to do at your age is probably take out if
you want to take out about forty fifty percent of
that and and you can. Then you can put it
into an equity line which will earn interest, you know,
as part of the reverse mortgage, or you can get
a cash lump sum, or they'll split it into two payments,
you know, give you half of it this year, half
of it next year, and you can you can put

(39:33):
that money in the bank, you can, you know, or
let it keep earning interest and you don't have to
make any mortgage payments on that, so you still have
to pay your taxes and insurance. But I think and
you can stay in the house as long as you
want to live there without paying a mortgage payment. So
I think that this would really be a good thing
to take a look at. You can go to the
website that mortgage Guide don and fill out the reverse

(39:53):
mortgage questionnaire there and then we'll have a chat and
talk about what your goals are, what you're trying to do.
But if you know, so if you've got to let's
say you have two hundred and fifty thousand dollars you
can access in your house with a reverse mortgage without
having any payment. That that allows you a lot eight thousand,
you know, eight thousand dollars a month. Well, it will
last a whole lot longer and hopefully you can keep

(40:13):
some savings intact and keep your house. That that's definitely
the only solution I could think of. You wouldn't want
to take out a forward mortgage. You probably don't have
the income.

Speaker 3 (40:21):
You know you have to qualify.

Speaker 2 (40:23):
You have to qualify with income for a heelock or
a forward mortgage. I really think I reverse probably be
the only thing that would work. And you have to
be sixty two or older, so they said, there's seventy six.
I think that would work really well.

Speaker 3 (40:33):
And yeah, Spry, I.

Speaker 2 (40:35):
Think it in Spry, I think it could. I think
it could save your bacon. Yeah, let's definitely talk about it.
Reach out to me at that mortgage guide. Done. All right,
I'm so hungry. We've been talking about bacon.

Speaker 3 (40:43):
And do you have vegetarian bacon that you like? Fritz?

Speaker 2 (40:46):
I do?

Speaker 4 (40:46):
Yeah, the Morning Star one's pretty good.

Speaker 3 (40:48):
I mean it's pretty good if you haven't had regular
bacon in a really long time. Sure, I think it's good.

Speaker 2 (40:56):
Are you are you you've decided?

Speaker 3 (40:57):
I don't know.

Speaker 2 (40:58):
Have you had it? No?

Speaker 3 (41:00):
It actually? And I love morning Star sausage.

Speaker 2 (41:02):
Oh.

Speaker 3 (41:03):
I think it's better than real sauage. I mean, the
other sausage, than animal sausage.

Speaker 2 (41:06):
I like it.

Speaker 3 (41:07):
There you go, let's lovely.

Speaker 4 (41:09):
Bit.

Speaker 2 (41:09):
It's probably better for you tho's Oh for sure.

Speaker 3 (41:12):
That's part of what I like about It doesn't feel
like guilty, doesn't feel like it's bad from a spleen?
Who really is?

Speaker 2 (41:16):
You know? It's good for your liver or bad for
your splea.

Speaker 3 (41:19):
I don't know which, but it's tasty and I think
good for me.

Speaker 2 (41:22):
Research is on it.

Speaker 3 (41:23):
Okay, here's a question. I'm buying a condo for nineteen
one hundred and ninety thousand dollars, sold my house with
one hundred and sixty thousand inequity, and I'm putting it
all into the new condo. I'm coming up on retirement
about five years, and I don't want a mortgage, or
at least just a small one. What's the least amount
I can have a mortgage on. What's the least amount
they can finance?

Speaker 2 (41:42):
Well, there's a point at which is hard, and you'll
find when you talk to a lot of Landers, they're
going to have a minimum loan amount. Some lenders might
have one hundred and fifteen thousand minimum loan amount. Ours
tends to be around the sixty to seventy thousand dollars mark.
The reason it is because when you have a smaller loan,
there are rules about how much you can be charged

(42:03):
for certain things, like the overall fees can't be over
three percent on a loan. So if it's a small loan,
and let's say it's a fifty thousand dollars loan, well
three percent is fifteen hundred dollars, so there might not
be able to make enough money to cover the cost,
To be able to charge enough money to cover the
cost to do the loan is what it comes down to.
So that's the reason that it's hard to do a

(42:25):
smaller loan because the title company's going to have a
seven hundred dollars closing fee. Well, that's a lot of
it's gone right there. There's other fees that have to
be paid to different people that work on the loan,
and if you get too small, you just don't have
enough money to actually do it and make it, make
the numbers work. So I would say the smallest we
could do on a condo is probably going to be
in that sixty to seventy thousand dollars range. And I
say range because I'll figure out what is at least

(42:46):
we can do and still cover the cost, and then
that's the loan I'd be willing to put together for you.
Great question, Thanks for texting that in a lot of
people don't realize there's a minimum loan, but it's you know,
if you have fixed costs. If I have fixed costs
on every loan, you know, two thousand dollars and the
most you can make is fifteen hundred. Well, then that
makes it hard to do that loan unless I'm going
to take money out of my pocket to do the loan.

(43:07):
So that's what it comes down to. That's why there's
a minimum. A great question, Thanks for texting that into
seven seven zero three to one.

Speaker 3 (43:14):
I'm interested in buying a home from my grandfather, one
of his rental properties. He's willing to sell it to
me for three hundred K, and it's worth about four
hundred K. I have good credit and a job, but
limited down payment. How much would I need to have
to buy it all together together? Roughly? Will down payment
assistant work for this? And what other options are there?

Speaker 2 (43:32):
You don't need down payment assistance for this. You've got
the best grampa. Yeah, you got the best kind of
a deal there is. Really, it's what's called a gift
of equity purchase. So your grandfather can gift you the
down payment. Like if it's worth four hundred and he's
selling it to you for three hundred, you set the
sales price set four hundred or wherever we need to
set it, but he gives you that one hundred thousand

(43:52):
inequity as part of the sales transaction, so that becomes
your down payment, and it can also use you You
can also have all your closing costs paid. So a
situation if you if you have credit score over five
to eighty you know, so that we can do an
FHA loan then and your debt ratios work, you know
you've got enough income coming in to offset the payments.
Then you can get into this loan for probably about

(44:13):
six hundred dollars out of pocket because really the only
thing you have to pay for is your appraisal, and
then the rest can be structured into it. It's called
a gift of equity purchase. How do you apply for it?
You just go to the website that mortgage guy don
dot com. You apply as a regular purchase pre approval
and then we'll figure out all the numbers. But I'm
doing at least two of these right now. I've got
someone buying a house from their uncle and another person

(44:34):
buying a house from a sibling, and we're doing a
gift of equity purchase where they don't have to put
any of their any real money in the down payment
and any real money into the closing costs. It all
comes out of the equity. Great question. Thanks for texting
that into seven seven zero three one. You are listening
to the Home Loans Radio Show. We're going to take
a quick break. We'll be right back at the top
of the hour. Hey hey, hey, hey, hey, hey hey,

(45:31):
welcome back to the Home Loans Radio Show with that
mortgage Guide. Don You're listening to us live right here
on Real Radio one o four point one on a
beautiful Saturday morning. Oh yeah, kind of beautiful. I'm gonna
get hot today, hot hot eighty five summer hot, hot,
pre summer.

Speaker 3 (45:46):
Hot enough to like play in the water swimming.

Speaker 2 (45:49):
Maybe if your pool's warm, and then take your shirt off,
take your I think, uh, you know you're gonna work
on when you can get back to your synchronized swimming practice.
But money is going to be cool, Like I have
sixty something on Monday, so wow. Then you go.

Speaker 3 (46:06):
Here's someone who says we are doing a gift of
equity mortgage with Don now too buying from my mom.

Speaker 2 (46:11):
Uh.

Speaker 3 (46:11):
They said, we're also working with Laura.

Speaker 2 (46:13):
Yes, indeed, we've got several that's that's Laura, Laura. That's
a that's the best way to I mean, if you
have a family member that wants to sell you a home.
That is like an ideal way that you can really
help someone, you know, one of your family members, your
your family, your parents, your uncle, and you know, any
direct relative that's selling a house. If they sell it
for less than what it's worth, you can actually buy

(46:36):
it for no money out of pocket. That the gift
of equity covers your down payment and your closing costs.
So that's a that's a good line. If that's something
you want to find out more about buying a house
from a family member, hit me up. We'll tell you
how it works. But usually costs about less than six
hundred dollars for you to get into your house. If
you can structure it that.

Speaker 3 (46:52):
Way, that's amazing. What was the song that we were
listening to that was?

Speaker 4 (46:55):
We didn't hear the song in that well.

Speaker 2 (46:57):
That was feel It by the Real Fritz. Feel like
I Feel.

Speaker 4 (47:05):
Feel like I feel It was because I was talking
to you guys.

Speaker 2 (47:08):
Yeah, yeah, we were in the we were in the
back cham. We were in the back channel.

Speaker 4 (47:11):
All right, all right, radio talk but down the line,
all right.

Speaker 2 (47:15):
Brought to you by uh, the Real Fritz. That's this
guy right here. Fritz a musical genius and thank you
so much for playing your original music on our show
all the time.

Speaker 4 (47:25):
Hey, thank you.

Speaker 2 (47:27):
You can hear it. Also, anywhere you go find music,
search for the Real Fritz or Florida Slang, your your your,
one of your other bands, or Corpus Incorporated one of
your other bands, said there, but that one was the
Real Fritz. You got a new album you're working on, right,
I do?

Speaker 4 (47:42):
Yeah, I got ten songs recorded. I got to record
drums on the last one, and then it's just putting
Hay in the barn, getting people over guest spots and
removing what I put down as placeholder so they can
record something better.

Speaker 2 (47:53):
That's good. You're gonna do a You're gonna do a
release party again. I had a lot of fun at
the last one. Yeah.

Speaker 4 (47:57):
I probably do it around in July.

Speaker 2 (48:00):
That's good. Mark your calendars for July. Mark the whole July.
You want to be you want to be available.

Speaker 3 (48:05):
I want to be ready.

Speaker 2 (48:05):
Yeah.

Speaker 4 (48:06):
It might be on a Monday at four bim who knows?

Speaker 3 (48:08):
All right? All right, I won't miss it. Here's someone
who says, and we had this question kind of last
week as well. I have an SBA loan. Now can
I refinance it into a non SBA business loan to
get a lower rate. Is there such a thing? What
did it? Makes sense? Thank you so much for doing
this show. I learned a lot on my seventy five
minute drive to Orlando from Melbourne on Saturday.

Speaker 2 (48:27):
Oh wow, that's a I've done that drive before a
few times. That's a. That's a. That's a good job.
It's good to have something to listen to. It. It
goes by much much more quickly.

Speaker 4 (48:37):
Kind of a uh, meandering drive right like there's a
lot of nothing to look at, right, A lot of.

Speaker 2 (48:42):
Farm, a lot of yeah, a lot of highway, Like
you know, I would go like, uh, what's that highway
ninety five? And then you know you take the B
line over. It's a lot of highway. But it's you
can you can you can zone out. You can zen
out if you've got something good to listen to.

Speaker 3 (49:00):
But the question, can you refinance an SBA loan into
a non SBA loan to get a better rate, you can.

Speaker 2 (49:07):
Yes, there's different kinds of refinances you can do with
your SBA loan. We may be able to refinance it
into another SBA loan to lower the rate. Normally, when
people are asking me about getting out of an SBA loan,
that means there's something they don't like about it, so
we'd have to explore that a little more. It just
depends on the rates, you know, whether it would make
sense to go SBA to SBA and try and get
the rate down, or go SBA to a what we

(49:28):
would call a conventional business loan. We've got over one
hundred banks that we can work with on commercial stuff,
so I would look at the loan, the parameters, the
interest rate, how much, how long you've had it, how
long you have left, all of those things, and we
can try and find something equivalent. If the goal is
to save money and get your monthly lower payment down,
we probably can a lot of people out there have
SBA loans in the ten eleven twelve percent interest range

(49:52):
because that's where it's been the last couple of years,
and normally you want to have the loan with at
least two years that you've made payments before you can refinance.
But yeah, hit me up at the website. There's a
thing that mortgage guy don dot com up the top
on the commercial page. There's a commercial information Just tell
us a little bit about your business, a little bit
about the loan and so forth, and then we'll see
what we can figure out for you. No credit poll needed,

(50:14):
none of that, but just take a look to see
what we can come up with. Get your quote.

Speaker 3 (50:17):
Deputy Scott says, what's up? Crew? Used this African American
Heritage Parade is this morning. He's gonna get some barbecue afterwards.
And to the hiszzy.

Speaker 2 (50:25):
Oh yeah, yeah. Deputy Scott always out there doing stuff
on a Saturday morning.

Speaker 4 (50:31):
Yeah.

Speaker 2 (50:31):
It doing the good work, teaching teaching teenagers how to drive.

Speaker 3 (50:35):
Somebody should doing.

Speaker 2 (50:36):
Safety classes as somebody ship. That's funny. And that's a
man barbecue Now that's gonna be good barbecue.

Speaker 4 (50:44):
And I want some to quote the Simpson's Homer was
talking about ballet, but he enjoys all the meats of
our cultural stew.

Speaker 2 (50:51):
Oh yeah, that's those homer isms.

Speaker 3 (50:56):
Ah, there you go.

Speaker 4 (50:57):
Guess what time it is, m j oh, is it
time for the compare your quote.

Speaker 2 (51:01):
It's time for the compare quote of the week. What's that,
you ask, what's the compare quote of the week. Well,
we'll start by telling you what compare quote is. This
is the coolest feature Ever, a couple of years ago,
I saw a study that said less than twenty percent
of people actually shop and get a second quote once

(51:23):
they have their first mortgage quote that they've gotten. And
the reason that they cited in this study was that
it was too much hassle. So I made it my
personal mission to help more people easily get a second
quote on their mortgage. When they get a quote, or
on their business loan, or on their home equity line
or on their reverse, you should shop them all and
get at least one additional quote.

Speaker 4 (51:42):
And it's rationally angry when I hear that.

Speaker 2 (51:45):
Yeah, it probably should, yeah, and yeah, why but why
wouldn't you do it? Because it's a lot of effort.
You know, you're working, you don't have time to, or
you think you're not supposed to. Yeah, I think that.

Speaker 3 (51:56):
You think you've already locked in, so somebody gave you
a quote, you think, Oh, I guess. This is what
I got to add to it.

Speaker 2 (52:01):
Is what I tell people all the time. Just because
you get a pre approval in one place doesn't mean
you have to use that lender. The time to shop
is when you get under contract. When you get your contract,
that's when you want to get a couple quotes at least,
but I made it super easy, free and simple. You
go to the website that mortgage guide don or Instagram
at that mortgage Guide don and you just click the
button and it says compare quote. You tell me your name,

(52:21):
you tell me your credit score. I don't need to
pull credit. You just tell me what the other lander
you know, they just pulled your credit, so you know
that credit score, and you upload the quote. I can
figure out everything from that quote, analyze it, tell you
if it's any good, and in most cases you're gonna
it's gonna save you from leaving money on the table
to compare quote. This week. This was a conventional purchase,
just a straightforward purchase loan. They were putting down twenty

(52:42):
percent on a five hundred and fifty thousand dollars home.
They were offered a rate of seven and a half
from a one of a big national companies that had
a lot of Super Bowl ads recently. They didn't mention
their name here, so I'm not gonna but our rate.
Their rate was seven and a half with eleven thousand
dollars in buydowns, which I can't even imagine. I don't

(53:05):
know how they charged them eleven thousand dollars and still
they could only buy it down to seven and a half,
which is crazy. But our rate was six point one
twenty five, almost a point and a half over with
only one thousand dollars in buydowns for that rate, we
saved that. So that saved them five hundred and two
dollars a month MJ five one hundred and two. That's
a lot of money on the my olgage and they

(53:26):
got to keep ten k of their money in their pocket.
Their dad, who listens to the show, told them to
get a quote from Rocket and then do a compare
quote with me. That's what their dad told them. Uh,
and I really think it's a great strategy, Like if
you get another quote somewhere else, go do the compare quote. Well,
then you'll know if you've got a good deal, you
have some peace of mind. In this case, these folks
did it and they saved them. Imagine saving five hundred

(53:47):
dollars a month. Wow, that's that's like six thousand dollars
a year and ten years, that's sixty thousand dollars just
in pure interest.

Speaker 3 (53:54):
Like a whole other payment for a whole other thing.

Speaker 2 (53:56):
And we saved in ten thousand dollars in closing costs.
So yeah, you got a shopper. You're not comparing your quote.
You are indeed missing to the boat. But this person,
their dad told him about us, and we saved him
a bunch of money. Tell your dad that he is
the coolest one. You compared your quote because your dad's
the goat. And the result you did not miss the boat.

Speaker 3 (54:21):
Throwing down some.

Speaker 2 (54:24):
All right, I made a little I made a little
compare quote wrap.

Speaker 3 (54:27):
Put a little beat behind that. That's something happening.

Speaker 2 (54:29):
There we go. That's how we do a mortgage song.

Speaker 3 (54:32):
Yeah, some really cool mortgage Take notes, Drake, where Drake going?

Speaker 4 (54:39):
We're a loser.

Speaker 3 (54:42):
Allegedly, here's someone big. Al says, I keep wondering why
MJ's voice is so familiar. She sounds like movie and
TV star Wendy Mallick.

Speaker 4 (54:50):
Well, you know what, Yeah, I think I think it's time, guys,
it's a reveal that I'm Wendy Mallek. MJ is.

Speaker 2 (54:59):
I wish he always asked what MJ stands for, and
it stands for Wendy Mallek.

Speaker 4 (55:04):
That's right. We didn't want to say nothing but now
we have that.

Speaker 3 (55:08):
I do enjoy Wendy Mallick and everything I ever see
her in, And whenever I see her in anything, it
elevates whatever it is. I know it's going to be
good because she is always good. So I take that
as a compliment. Thank you.

Speaker 2 (55:19):
That sounds like a definite opinion.

Speaker 3 (55:22):
I'm a fan.

Speaker 2 (55:23):
That's good.

Speaker 3 (55:23):
It's literally somebody that if I see her involved in
a project, I'm like, all right, cool like her.

Speaker 2 (55:29):
You know what. I've been joining this, been enjoying this
past week on the uh you know Paul Schaeffer in
the World's Most Dangerous Band that used to play on
The Letterman Show. They filled in all week this past
week for the Roots on Falon's show, and Letterman actually
came out in the first night like he was going
to do a monologue.

Speaker 3 (55:48):
Oh, I'm going to have to go find that.

Speaker 2 (55:50):
You got to go find that and check it out.
But the Roots are on. They're away because they're working
on the big SNL SNL fifty special. That's tonight. Oh
it's Sunday night, Sunday night.

Speaker 3 (56:02):
I don't know why, why would they do Saturday night
show on Sunday night.

Speaker 4 (56:05):
I don't know, and I think they filmed it last
night because I'm saying clips.

Speaker 2 (56:08):
Oh really, it's like a three day thing. Know, they
had like a big red carpet thing and then so
there's a three day SNL fifty event. One of the
big one of the big questions I saw people online
is they're wondering if Elon or President or the President
are going to show up at the show because as
former hosts, everybody's invited. Who is a former host? Oh,

(56:29):
so they don't know exactly how that's going to go yet.
I guess, well, if they've already filmed it, we know,
Well we'll hear soon. That's interesting. But that's going to
be a fun show. Fifty years. I saw the music
one fifty years of SNL Music a couple of weeks ago.
That was a great show. You should show.

Speaker 3 (56:43):
I really enjoyed that show. It's called Ladies and Gentlemen. Yeah,
it's on one of those streaming things. But and the
quest love did that whole show? Yeah, I really enjoyed
that show.

Speaker 2 (56:55):
That's going to be it's gonna be a lot of fun.
You got to you got a mortgage question over there
for me. I'm jaying, we got a couple minutes. We
can fit one in here, all right.

Speaker 3 (57:01):
I'm under contract to buy a house as of yesterday.
The company that did the pre approval letter force sent
us the paperwork to start the loan. We feel the
rate is too high seven point two five. We're putting
down twenty percent. We have scores over seven forty. Are
we stuck with them since the contract used their pre
call letter? Are we obligated to them? And do you
think we should shop around?

Speaker 2 (57:19):
Oh?

Speaker 3 (57:20):
I feel like I know the answer.

Speaker 2 (57:21):
I feel like these folks came in right after the.

Speaker 3 (57:24):
We just did Maybe they yeah, they just they sent
it before you said it. We have twenty seven days
till closing.

Speaker 4 (57:30):
Is that a problem now?

Speaker 3 (57:31):
Yeah?

Speaker 2 (57:32):
That's why I always tell people that the time to
shop is when you get under contract. It doesn't matter
who did your pre approval. You know that it matters that.
Of course, the new lender would have to preapprove you
as well, but that's part of the process. And twenty
seven days, man, that's an eternity. We closed alone in
nine days last month. What routinely we're ready to close
in two weeks or three weeks. Finny May has also

(57:54):
changed something recently on what's called an appraisal waiver. When
you buy a house and you're putting down it used
to be that you had to put down about at
least twenty percent or maybe thirty percent, and you could
get something called an appraisal waiver, meaning that Fanny May
would or Freddie Mack would say, now you don't need
to pay for an appraisal on this, we accept the value.
At the beginning of February, they raised the way that
they do that to now it's up to ninety percent,

(58:15):
so meaning if you put down ten percent, you can
still get a chance at an appraisal waiver. And I'm
seeing about fifty to sixty percent of the homes we're
doing right now we're not even having to get an
appraisal waiver because of that change with Fanny May. So
that's that's pretty cool. Congratulations on getting under contract. But
now now's the time of shob you got the quote,
go to the website that mortgage Guide on or on
Instagram at that mortgage guide on and upload the quote

(58:38):
to the compare quote button and well, I'll tell you,
I'll analyze it, take a look. I'll tell you if
it's any good but they said the rate was what
seven something?

Speaker 3 (58:45):
Yeah, seven point two five.

Speaker 2 (58:46):
Yeah, it's not good.

Speaker 4 (58:48):
That's not good.

Speaker 2 (58:49):
No, you should be able to get into the if
you got credit over seven seven forty yeah, so you
should be able to get into the mid sixth and.

Speaker 3 (58:55):
They're putting twenty percent down.

Speaker 2 (58:57):
Yeah, that's that's that's not a good quote. I don't
know if they're charging you any origination fees, but if
they are, that would make it even worse of a quote.
But yeah, send it in to the compare quote. Now,
I'll let you know what you can do. You are
listening to the Home Loans Radio show with that Mortgage
Guide Don. We're here, we're doing it. We're about to
take a quick break and come back after these messages.

(59:17):
For the final segment of today.

Speaker 1 (59:19):
Do you have a question for that Mortgage Guide Don,
text us at seven seven zero three one. Now back
to Home Loans Radio on Real Radio, Home Loans Radio.

Speaker 4 (59:31):
It's the last segment. It's okay, though, if you have
a question, text it in seven seven zero three one.
We will answer it next week. Probably. You can also
follow Don if you have a burning, burning question that
mortgage Guide Don on Instagram, or you know, go to
the website that mortgage guid don dot com. There you go,

(59:51):
here you go.

Speaker 2 (59:53):
Just like that fourth segment, here's a question.

Speaker 3 (59:56):
Can I do reverse mortgage if I have no credit
score at all? Off all my cards years ago and
now I have no score? What happened? So if you have,
if you paid off your cards years ago, your score
goes to nothing.

Speaker 2 (01:00:08):
It goes dark after a while. Yeah, wow. You know
you have to have recent credit to generate a credit score.
You can reactivate it, you know, like if you have it.
If you've had your credit go you know, go dark
like that. You haven't done anything to generate a credit score.
All you have to do is take out another a
new credit card or get added as like an authorized
user from your spouse or you know, family member, somebody

(01:00:28):
that's willing to put you on their card, and like
a day later, it refreshes to score and brings back
all the past history from five or ten years ago,
and you can have a score. But that's neither here
nor there, because you don't need a score for a
reverse mortgage. It's not one of the loans that cares
about your score, cares about your What it does care
about is your age. You have to be over sixty two.

(01:00:49):
It doesn't care about your income. So it's it's it's
the reverse. It's of a regular mortgage. You know, it's
a reverse mortgage. These are made for people that I
would say, realistically, someone who's on a fixed income, you know,
maybe your Social Security is, you know, a thousand or
two thousand dollars a month. We had a question earlier
in the show. A woman who had her husband was
now in a full time care facility at eight thousand

(01:01:12):
dollars a month, and she couldn't afford that for more
than about six months without her savings running out. So
a reverse mortgage would be a really ideal situation for that.
So I think I think that you should check it out.
And you don't need a credit score at all. If
you wanted to reactivate your score, we could, but it
doesn't have any bearing on the rates or anything like that.
With a reverse morgage, it's all about the equity. Wow,

(01:01:33):
guess what time it is? M Jay who for a
speed All that and a bag of chips. It's time
for the speed round.

Speaker 3 (01:01:41):
Here we go, Here we go. I'm gonna ask you
some questions. I'm gonna ask them quick. You're gonna answer them,
you know, like you do.

Speaker 2 (01:01:46):
I'm Andrew, But it's okay, okay, okay, we're gonna get
to all the ones. We're gonna try to get to
all the ones we didn't get from today's show. And
if we didn't get to them, it doesn't mean I
didn't want to. Just go to the website after the show,
text it in and I'll answer you after the show.

Speaker 3 (01:02:00):
Good morning. Any word on when the rate's gonna drop
down below six percent?

Speaker 2 (01:02:04):
Well, I wish I knew. Yeah, I don't have that
mod for my crystal ball you quite yet. If I did,
I'd probably be retired by now. But you know, there
are predictions. They're economists. There's all kinds of people predicting
different things. They did come We had a crazy week
in the rates. Really was. They were pretty good in
the beginning of the week, and then we had the
inflation report with inflation up to point five instead of

(01:02:27):
point two as the goal, and the rates just went bad.
They went high. They went up like a I don't know,
three eighths to a point on the marriage back securities,
and then over the next day we got another retail
sales report, which was really good, and then it dropped
back down. So by Friday it's back to where it
was on Monday. And it was just kind of a
roller coaster week and that's kind of how rates go.
But to get into the fives, I don't think we're
going to see fives this year. On a fifteen year.

(01:02:48):
You can get into the fives right now, you know,
and get five point eight five point nine on a
fifteen year load put on a thirty. I don't know
if we're going to see down into the fives this year,
it would only have to move about a half a point.
We're in the mid sixes right now.

Speaker 3 (01:02:59):
Similar question, are rates on the way up or on
the way down right now?

Speaker 2 (01:03:02):
Well, at this moment in time, they're on the way
They're on the way down. They've been really bouncy for
the last two three months, but right now they are
on the way down.

Speaker 3 (01:03:10):
How do I do compare your quote?

Speaker 2 (01:03:11):
Thing?

Speaker 3 (01:03:11):
I got a quote for cash out loan and the
rate is seven point five credit.

Speaker 2 (01:03:15):
Definitely want to compare that. Yeah, you just go to
the website that mortgage guy don or Instagram at that
mortgage guy Don and you can hit the button that says,
compare your quote on the website and you just upload
the piece of you know, the pages they sent you,
and I'll tell you if it's any good and if
you can do better. But I unless you've got if
you've got credit above seven hundred, that's that's not a

(01:03:36):
good rate. I will say I locked yesterday afternoon a
cash out loan similar situation. They had a seven forty
score and the rate was six point five, So that's
seven and a half. Sounds high to me.

Speaker 3 (01:03:50):
I want to do reverse mortgage, but I cannot afford
the cost of the appraisal. I was told by another
lender there was no way to proceed. Am I done?
My social Security is only nine hundred a month and
see and seventy five dollars appraisal is out of the question.

Speaker 2 (01:04:03):
Yeah, I get that. Yeah, that's that's like what three
fourths of one months in you can I'll tell you
what I'll do. I will let's talk talk to me
about the reverse mortgage. There is a way that I
can cover the cost of the appraisal upfront for a
person if it looks right and everything looks good, and
it looks like we're gonna be able to move forward
with it. Then I can cover that cost for you

(01:04:24):
and you can get I can get reimbursed at the
closing as part of the part of the closing cost.
So if you're a person out there who's got a
you know you're making like a thousand dollars a month,
I would be willing to help you with that if
if the loan really changed your life and helped you
get into it, I'm not going to let five or
six hundred bucks get between you and that.

Speaker 4 (01:04:40):
That's awesome, Yeah, great question, Well done, sir.

Speaker 2 (01:04:43):
Yeah.

Speaker 3 (01:04:44):
I have a riddle, but it's kind of not a
real it's a silly one. I usually avoid the silly ones,
but I kind of like this one. It tickled me.

Speaker 2 (01:04:51):
Oh good, all right, got the dump button ready for you?

Speaker 3 (01:04:54):
Yeah, and this is a race, Oh boy, this is
the race.

Speaker 4 (01:04:59):
You ready between me?

Speaker 3 (01:05:00):
Gentlemen's yes, here we go, Here we go. What do
you call a fake noodle?

Speaker 4 (01:05:05):
A foodle fou?

Speaker 2 (01:05:08):
Oh, fake noodle?

Speaker 4 (01:05:09):
Fake noodle?

Speaker 2 (01:05:11):
Call a fake noodle.

Speaker 3 (01:05:13):
It's a noodle, but it's not real.

Speaker 2 (01:05:17):
It's a wax noodle.

Speaker 4 (01:05:20):
It's a noodle.

Speaker 3 (01:05:21):
Mm hmmmm mm. Time when you give.

Speaker 2 (01:05:23):
Up, Fritz gives up, give us a hint, uh I can't.

Speaker 3 (01:05:30):
I just have is the answer. All pasta is in
the word pasta is in the word fake noodle.

Speaker 4 (01:05:36):
Anti pasta.

Speaker 2 (01:05:38):
Mm hmmm, impostable, not pasta unpostable.

Speaker 3 (01:05:43):
You're getting close.

Speaker 4 (01:05:44):
Impostable.

Speaker 3 (01:05:47):
It's an impasta. I like it.

Speaker 4 (01:05:53):
Yeah, it makes sense.

Speaker 2 (01:05:54):
It's all around it.

Speaker 3 (01:05:55):
You all around it.

Speaker 2 (01:05:56):
You are.

Speaker 3 (01:05:58):
Yep, there you go, there you go.

Speaker 2 (01:06:00):
Nice. We haven't had that one before. No. Alright, well folks,
you did it. You successfully wiled away another ninety minutes
of your Saturday morning. Right here listening to us on
Real Radio one oh four point one. Fritz is gonna
play us out of here with one of my favorite
Real Fritz songs from the second album, Second album, rightp
Wooden Windows. It's a banger. Listen in talk to you later. Bye.

Speaker 1 (01:06:45):
You've been listening to Home Loans Radio with that mortgage guide.
Don join us every Saturday at nine am on Real
Radio one oh four point one and check us out
online at home Loansradio dot com