Home Loans Radio 05.24.2025 With That Mortgage Guy Don! The Summer purchase season his HERE- Home town Heroes coming back July 1st?

Home Loans Radio 05.24.2025 With That Mortgage Guy Don! The Summer purchase season his HERE- Home town Heroes coming back July 1st? 

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 to 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
Guide Don. That's right, it's me. We're here. We're doing
what we do every single Saturday. Good morning to my crew, MJ,
good morning to you, Good morning, and good morning to
the Fritz Man. Good morning.

Speaker 3 (00:32):
Sorry is that on events?

Speaker 2 (00:34):
Oh? Yeah, here we are doing it, kicking it right
here on real Radio. You're listening to the Home Loans
Radio Show with that Mortgage Guide Don. You can text
in to the show and join the conversation anytime at
seven seven zero three one. We are a live show
here on the only live show here on Real Radio

(00:54):
one oh four point one this morning. Yeah, you can
text it, uh texting your question fair enough. You can
text in your questions to seven seven zero three one,
or your comments, or your salutations, or you just want
to chime in on what we're talking about here, Text
them in and MJ. Will you know, spread the love

(01:16):
around our fine, fair city of Orlando.

Speaker 4 (01:19):
Tell me what you're doing out there. Tell me what
you got going on in this fine.

Speaker 2 (01:23):
Warm Saturday Fringe we got Fringe weekend, other stuff too,
wrapping up, we got what Memorial Day weekend? This weekend.

Speaker 4 (01:31):
Epic Universe is open for business.

Speaker 2 (01:34):
Oh, I bet that won't be crowded, not at all
or hot.

Speaker 3 (01:40):
What do they have there besides everything?

Speaker 4 (01:44):
It's a whole complete theme bark. It's the first one
in twenty four years to open.

Speaker 2 (01:48):
That's amazing. I was. I was driving out that way recently,
and it's like they moved all the roads around, like
Universal got all new stuff out there, moved all the
roads around. Kind of it's like a hole. It's like
a whole village. Now.

Speaker 4 (02:02):
Yeah, it's got four lands. It's I've heard it spectacular.
And what I also have heard, which was interesting to me,
is that the food is very good.

Speaker 2 (02:11):
Well that's not.

Speaker 4 (02:11):
Pople are really down with the food they have. Well,
each each land has its own themed food are I
don't know what they're called.

Speaker 2 (02:21):
I haven't read up on this. I do have friends
that are working there, you know, in the entertainment side
of things, doing shows and stuff, But I haven't had
a chance to go out. I did have a chance
to go out during the what do they call it
the soft opening, but I didn't ever make it out there.
Now I'm going to regret it because it's open for business.

Speaker 4 (02:40):
There's got to be a day it's quiet, right.

Speaker 2 (02:42):
Sure, Yeah, Super Bowl Sunday, that works anymore. Well, Welcome
to the Home Loans radio show with that Mortgage Guide Don.
You can check us out on the web anytime at
that Mortgage Guide Don dot com. You can follow me
on Instagram at that Mortgage Guy Don. I had a
fun time this past week. I did Ross Paget's show,

(03:04):
Good Sauce. I was their special guest. That was a
lot of fun. We did that show. I think it
aired Wednesday night.

Speaker 4 (03:11):
Oh oh, the podcast, I mean the radio show.

Speaker 2 (03:14):
Ross Paget has a radio show called Good Sauce and
it airs on Wednesday nights at eight pm. It's on
one night a week. But you can find the the
YouTube anytime, which I haven't seen yet. I got to
see how that came out, but it was that was
a fun time. Got to do that on Wednesday. So
that was first for me being on primetime real radio,

(03:37):
you know, eight o'clock at night.

Speaker 4 (03:39):
A new followers.

Speaker 2 (03:40):
I didn't really, I haven't checked as of yet. That's
another thing. Those of you follow me on Instagram, you're
in for a big You're in for a big treat.
We were doing a rebrand on the Instagram, so you're
gonna see lots of fun stuff coming out. We've been
working on some content and so forth, so that should
be fun. Okay, no dances, I'm not the present. I'm
not doing any TikTok dances, not yet anyway. But are

(04:06):
they not that they didn't try to convince me to.

Speaker 4 (04:09):
You know how, sometimes we celebrate sometimes what today is?
You know when they celebrate certain days of the year.

Speaker 2 (04:14):
Yeah, what's today?

Speaker 4 (04:15):
Well, there's many things that are kind of cool, but
one of them is aviation maintenance day maintenance tech. I
want to have a lot of shout out for the aviation.

Speaker 2 (04:25):
Shouldn't that be not on a Saturday? It feels like
they should go to day off.

Speaker 4 (04:28):
I feel like we should really give them extra love
right now, because you.

Speaker 2 (04:31):
Know who's not for aviation maintenance.

Speaker 4 (04:36):
I don't know.

Speaker 2 (04:38):
I mean, that's got to be a small group.

Speaker 4 (04:39):
I feel like everyone is for it. Today is today
that we celebrate them?

Speaker 2 (04:44):
Sir yes, I'll celebrate them every morning. Hey, I hang
a flag on my house.

Speaker 4 (04:49):
Every time I go to the airport, I'll bring a
gold star and a cook.

Speaker 2 (04:52):
Well, by then it's too.

Speaker 4 (04:53):
Late, right, it's either happened or it hasn't.

Speaker 2 (04:56):
We've had some mishaps with the aircraft lately.

Speaker 4 (04:59):
It's yeah. Also National Sparagus Day.

Speaker 2 (05:04):
Okay, you like asparagus, Fritz, Yeah, of course.

Speaker 4 (05:09):
Oh man, I eat a lot of asparagus.

Speaker 3 (05:11):
I love that swim fer. You know, you you know,
you always need sulfur in your diet. That's what I
always tell myself.

Speaker 2 (05:18):
Just like my mema still telling sulfur. Get you some
boiled eggs and some oh deer chew on these charcoal bits.

Speaker 3 (05:26):
And then you really get a surprise about uh, I
don't know, an hour and a half later when you go.

Speaker 4 (05:30):
To the bathroom ten minutes later.

Speaker 3 (05:33):
So fast, okay, I mean if you have to go
that fast, sure, usually you know you go before dinner.

Speaker 4 (05:38):
I'm I surprised how fast it is. I was like, oh,
there you are asparagus. I have just eaten you.

Speaker 2 (05:44):
Yeah. It's always the kind of a song that goes
through my head. Hello asparagus, My old friend, perhaps I've
eaten you again.

Speaker 4 (05:56):
I didn't know you were in that stir.

Speaker 2 (05:58):
Fry my own mind. What a surprise.

Speaker 3 (06:03):
Yeah, you always have to like remind yourself what the hell? Yeah?

Speaker 2 (06:07):
Yeah, when does that happens?

Speaker 3 (06:08):
Hospital vegetable.

Speaker 5 (06:14):
Yay.

Speaker 4 (06:15):
There's someone who texted said they are actually doing aviation maintenance.

Speaker 2 (06:19):
Well, good for you, and celebrate you today. Thank you.
But I don't think they should be making you work
on saturdays unless you like to work on right.

Speaker 4 (06:28):
No, we're so happy that you are.

Speaker 2 (06:30):
Yay.

Speaker 4 (06:32):
Send you some love.

Speaker 2 (06:33):
More important, more important than ever. The people you don't
think about every once in a while, but unless you
really need them, like air traffic.

Speaker 4 (06:39):
Controllers, people that you need each day.

Speaker 2 (06:42):
Right, the people in your neighborhood.

Speaker 4 (06:44):
That's right, ye down the street, yep, yep. It's also
National Italian Beef Day. Do you enjoy an Italian beef?

Speaker 3 (06:51):
Oh?

Speaker 2 (06:51):
Man, that's one of my favorite food groups.

Speaker 4 (06:53):
I know how we could get fritz an Italian beef
Like sandwich.

Speaker 2 (06:57):
They are places that deliver the best ones.

Speaker 4 (07:00):
Without the beef, like something that would taste like Italian beef.

Speaker 2 (07:03):
Oh yeah, I think you just don't get the beef.

Speaker 3 (07:08):
You would have to feed whatever, whatever the fake veggie
pro or the veggie protein. You got to feed that
plant what the cow eats, right, okay, if the cow
eats corn, you got to feed that plant corn. And
if it's a corn plant, I don't know what to
tell you.

Speaker 2 (07:28):
Well, yeah, I mean, and do plants eat other plants?
I guess they do.

Speaker 3 (07:33):
I guess.

Speaker 4 (07:34):
I don't know that it doesn't seem right. I don't
think that's true.

Speaker 3 (07:38):
You don't have to worry about me.

Speaker 2 (07:42):
Ries in a sack.

Speaker 4 (07:43):
See sorry, sorry, but I do, But I do.

Speaker 2 (07:48):
The best Italian beefs, in my opinion, that I've ever gotten,
are in the lovely city of Chicago. I mean, that's
the place to go. You got your owl's Italian beef,
you got the other beef. They got a couple of competitors.
I can't remember who they are, but I don't care.
Whichever one I walk into is delicious.

Speaker 4 (08:04):
I just know if my feet are sliding around on
the floor, I'm in a good spot.

Speaker 2 (08:09):
That's true, though, because people, it's.

Speaker 4 (08:11):
Not that the floors are dirty, it's that people are
eating them over the floor and it drips, and then
you know, when you stand there, your sneakers go if
you get.

Speaker 2 (08:20):
If you get it wet, which means they put the
great the Zoo on it, the gravy on it. Uh,
you're you're going in, you need to like wear a
hazmat suit except for your face.

Speaker 3 (08:33):
Shows up.

Speaker 2 (08:37):
You you got a Leroy Jenkins that stuff, and you know,
but it's good. I'm like a good Italian.

Speaker 4 (08:43):
Beef Italian beef day.

Speaker 2 (08:45):
Well, there you go. Those are the those are the
big days.

Speaker 4 (08:48):
Oh there's a bunch more, but those are the ones
that popped out for me. One of them was National
Schizophrenia A It's like, okay.

Speaker 3 (08:55):
Wow, that's a very important day.

Speaker 2 (08:57):
Yeah, sure, it's good.

Speaker 3 (08:59):
This is important as aviation day.

Speaker 4 (09:01):
Okay, I don't know how to celebrate that day.

Speaker 3 (09:03):
But yeah, I don't know either.

Speaker 2 (09:05):
Someone's going to tell us, but you can text in
your questions comments salutations to seven seven zero three one.
Tell us what you're doing out there on this fine
Memorial Day weekend. Hopefully you're getting along weekend. But I
bet there's a lot of people out there working.

Speaker 4 (09:18):
Yeah, here's someone. Here's someone who's heading to Tampa to
catch an A Rays game tonight, a Raise game. Sorry,
Sorry Monica, and someone Monica.

Speaker 2 (09:32):
And Kyle I know, I know that I know them,
their former clients. I help them get their first house.

Speaker 4 (09:38):
They're heading to Good for you, Good for you.

Speaker 2 (09:42):
What's going on with the A Ray? I mean with
the Rays coming to town? Now? I'm saying, uh, you
mean Orlando, Yeah, coming to come into town.

Speaker 4 (09:50):
What's the new? What's the newest?

Speaker 2 (09:53):
Headline that said the they I guess they were working
to get the Orange County mayor on board with the
whole idea. So I don't know, we'll.

Speaker 3 (10:01):
Say good luck because I yeah, I have no idea.
I mean, they've been talking about bringing the race here
for as long as I've been following the Rays, which
was twenty twelve. So it's just one of those things
that either it's gonna happen or it's not gonna happen
because Tampa has never really warmed up to the Rays.

(10:23):
I remember when they signed a thirty year contract on
the Trap, which is in Saint Petersburg, not even really
in Tampa proper, which is, you know, fifty minutes outside
of town. They had land available, they decided to build
a huge super hospital campus, which is fine, right, But
where are the Ray's going to go because the Rays

(10:44):
said that they wanted to be in Tampa proper. Tampa
didn't care. So the entire region has been icy to
the Rays from the get go for whatever reason because
up until what just last year, we had a winning record.

Speaker 2 (10:58):
So I kind of can consider everything. Like when I'm
on I four and I'm heading over towards Tampa, I
consider everything after Lakeland. Uh is Tampa, like the like
just in my head. I mean, I'm just like, the
whole thing is Tampa. But I guess there is a
distinction between the Saint Pete and the Tampa.

Speaker 4 (11:13):
Area, and there's it's a long way difference.

Speaker 2 (11:15):
Yeah, yeah, well there you go.

Speaker 4 (11:18):
Here's someone that says, my buddy is an airline mechanic
who has the day often he's mythed that he's missing
out on free lunch at work.

Speaker 2 (11:26):
Well, sure somebody could. You could take somebody's shift maybe,
but well that's interesting. There you go. National Aircraft Maintenance Day.

Speaker 4 (11:37):
Ye Aviation Aviation maintenance, keep maintaining. We need you.

Speaker 2 (11:43):
There you go. I miss aviating, do you? Yeah?

Speaker 3 (11:49):
Yeah?

Speaker 2 (11:50):
Like not that long early, like a year. You know,
it's fun to it's fun to do, but it's something
you got to do every week, every two weeks maximum.
You know, you can't really just take breaks from from
you know, personal private flying. You know of a plane,
you get it, which makes sense. Yeah, you lose your chops,
you forget, you forget the rules. You know, you've got
to practice.

Speaker 4 (12:09):
But I was sitting at a stop flight this week
and near the Herndon Airport, like on Colonial Bumby, waiting
for the light turn, and I saw two planes. I
swear they were just going to crash, and I know
they were heights were probably very different, but from where
I was looking up, I was like, well, they're gonna crash,
Like they booth came and one you know, went under
the other. But it was like startling.

Speaker 2 (12:30):
Yeah, it's the approach into Orlando. You know, McCoy Airport
goes directly over the Executive Airport. But what's different are
the ceilings where you're allowed to fly in that area
of Orlando. You can't fly above thirteen hundred feet in
the small aircraft, and the jets going into the other
airport are a couple thousand at least feet above that.

(12:52):
But it does look like sometimes they're in the same space.

Speaker 4 (12:54):
But from underneath that the way. Yeah, it just looked like,
oh that's bad. That's bad. I was like, oh, no problem.

Speaker 2 (13:02):
Well, it can be interesting when you're in a plane
also because there's a there's a system that shows you
all the other aircraft in the area because they have
transponders on them. But if one's like two or three
or four thousand feet above you, it looks like it's
coming right for you. You know, the dots can the dots
converge on the screen, but one is way above you,
and that can be a little bit disconcerting. But it's

(13:24):
a it's a it's a lot of fun.

Speaker 4 (13:26):
Here's someone saying I'm a boat captain going to fight
the crowds and keep my client safe and having fun
on the islands in ponts Inlet.

Speaker 2 (13:32):
That is it is a big boating weekend saying it's
not one of my favorite days to go boating. The day,
you know, the long weekends, there's there's a lot of
a lot of traffic and a lot of wake and
a lot of law enforcement, you know.

Speaker 4 (13:47):
And a lot of people who are imbibing.

Speaker 2 (13:50):
Well, hopefully responsibly.

Speaker 4 (13:52):
Right not always.

Speaker 2 (13:53):
I you know, it's one of those things like every
year after Memorial Day. You'll hear there was a boat
accident somewhere. You know, it's just be as safe as
you can. That's all you can do. It's gonna be hot.
It's supposed to be getting up into the high ish
nineties today, and then.

Speaker 4 (14:09):
Is it gonna get cooler or is it just is
this where.

Speaker 2 (14:11):
We are for the door, or we're in summer.

Speaker 4 (14:13):
From what I can see from here on out.

Speaker 2 (14:15):
The high chance of thunderstorms around seventy percent today, and
now it feels like normal Florida.

Speaker 4 (14:22):
I like that.

Speaker 2 (14:23):
We're gonna take a quick break. We'll be right back
after these messages.

Speaker 4 (14:27):
Let's talk about mortgages.

Speaker 2 (14:28):
Hey, hey, hey, it's that mortgage guide. Don May is
here in summer is right around the corner. Get your
home ready for all the summertime fun before the attempts
get up into the high nineties. My house is already
feeling cool and quiet thanks to my new windows from
Renewal by Anderson. These are by far the best windows
I've ever had. They're made right here in the USA

(14:49):
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(15:12):
by Anderson today. Tell them that mortgage guy Don said
to call and ask about the May Special Window of
Opportunity Savings event where you can buy two windows or
patio doors and get the third sixty percent off and
up to twelve months no interest financing restrictions do apply.
Get all the details today at the website Best Windows
Florida dot com. That's Best Windows Florida dot com. License

(15:33):
number CGC one five two seven sixty one three. Hey,
this is Devor Roberts from the Jim Culbert Show, and you're.

Speaker 3 (15:40):
Listening to Home Loans Radio on Real Radio.

Speaker 2 (15:43):
Now back to the show with that mortgage guy Don.

Speaker 4 (15:47):
Hey, Hey, hey, hey, you are listening to Home Lunds Radio.
That mortgage guy Don Fritz. I like the new commercial.

Speaker 3 (15:53):
Hey, thank you. I like it very nice.

Speaker 2 (15:56):
Cool, like to hear your voice.

Speaker 4 (15:58):
How are the sunflowers.

Speaker 3 (16:00):
They are good. I have about like six or.

Speaker 4 (16:02):
Seven I think right now, growing all right, very nice.
We do have some mortgage questions. Well, they're out there
waiting for mortgage information. It's coming, it's coming your way.

Speaker 2 (16:12):
You are listening to the Home Loans radio show with
that mortgage guid don We are doing all the things
right here. Yeah. Texting your questions, comments, anything having to
do with mortgages, real estate, the earth, the world, whatever,
to seven seven, zero, three to one, and I will
answer them right here on air. I'm a mortgage expert
to and then Fritz and MJ are experts on everything else.

(16:32):
So you can ask questions about anything in the plan.

Speaker 4 (16:35):
I think that we are. Here's someone who says they're
looking for a small house in Port Orange.

Speaker 2 (16:39):
Well, good luck, there you go.

Speaker 4 (16:42):
I hope things go off.

Speaker 2 (16:43):
You know, it's a good time to shop. The inventory
is higher than it's been in a long time, which
is and the market is leaning more towards a buyer's market.
Meaning what that means is we looked at the numbers
from the last four months, the first four months of
the year, and almost almost half of all sales had
some sort of concession from the seller as forty forty

(17:05):
four percent I think it was to be specific, had
a concession from the seller. What that means is either
they lowered the price a little bit, or they helped
with you know, giving some seller credits to pay closing costs,
or they replaced a roof, or they fixed some thing
that was off in the house, you know, that came
up during the inspections. So we saw that in the

(17:26):
first four months of the year, forty four percent of
the time sellers were making some sort of concession. And
that means that it's starting to be a buyer's market
when you have a lot more choices. If you have
only you know, if there's only a handful of houses
out there, then those are like the premium picks. You know,
they're the only ones, so they can be real. They
get a lot of offers, they get a lot of offers.
They don't have to you know, lower their price. They

(17:49):
can you know, do the things. But when you start
getting more and more houses on the market, it gives
the buyers more choices and it kind of starts to
level the playing field. So when when you see half
of the half of the sales having some sort of
sellar concessions. To me, that shows that the playing field
is kind of level, like half are and half aren't,
so usually you're not expecting prices to go down in

(18:11):
general on houses. That means the market is stable. It's
not really accelerating, it's not really declining. It's like kind
of in a sweet spot. And the rates are are good.
We're still in the you know, a well qualified buyer
can get rates in the low sixes, maybe even in
the fives depending on the type of loans. So it's
it's really a good time to buy. It's the right
time to be looking. The only thing that's is I'm

(18:33):
seeing tough is if you're looking for a house in
that two hundred.

Speaker 4 (18:36):
Thousand is it hard to find a small house.

Speaker 2 (18:39):
If you're if you're trying to find a house in
that two hundred thousand to two hundred and fifty thousand range,
there there are there is inventory, for sure. I have
three clients that are under contract. I have one that
found a nice place for under two hundred thousand. There
are one hundred and ninety thousand they found a house.
A couple others that are in the two twenty two

(18:59):
forty range. It tends to be. You know, it's not
going to be downtown Winner Park is not going to
be you know, in the in the you know, the
main area of downtown Melbourne or what have you. But
if you get out around the outskirts, like if you're
in to Berry or to Land, you know, or out
near just in the outskirts, you know, some of the

(19:21):
communities beautiful communities, but they're not like in the in
the main downtown area. You can find some of the
smaller houses, you know, twelve hundred and sixteen hundred square
foot houses selling in that one hundred and eighty to
two fifty range. I definitely have clients that are finding them,
and I think a lot of that is because there's
more inventory on the market. You know, with a year
or two ago, we had a tough tough time with

(19:41):
the houses in that price market. But I'm definitely seeing
several people under contract right now for them. So yeah,
good good luck to that. Let me know if I
can help. If you want to get pre approved, you know,
then you go to the website that more each guy
don dot com. You fill out the application just like
that soft credit pull. We collect your documents, get your
pre approval letter, tell you what you can call. That's

(20:02):
how you do it. At that mortgage guy at don
dot com.

Speaker 4 (20:05):
Here's someone saying, Hi everyone, Hi Fritz. We're currently headed
down to Venice to enjoy the beach this holiday weekend
in Venice.

Speaker 2 (20:12):
Venice, Florida, Nis Florida, not Italia. I'm guessing probably not.
You ever been to Venice, Florida.

Speaker 3 (20:17):
No, it's been to Italia either, I.

Speaker 2 (20:23):
Must Venice is. Venice is beautiful. It's down on the
Gulf coast of Florida, and it's a when they when
they planned big parts of it, they made a lot
of waterways and canals and things where it's through neighborhood,
through the city, so that a lot of the a
lot of the places to live there have access to
the canals that can take you out to the bay

(20:44):
and to the the golf. I'm just calling it the
golf now, Okay.

Speaker 3 (20:50):
I mean that's the safest way to go.

Speaker 2 (20:52):
Everybody knows what I mean.

Speaker 3 (20:54):
Yeah, But people are going to correct you though, and
say it's the Gulf of Mexico.

Speaker 2 (20:58):
No, I meant the Gulf of Oman. I know what
golf it is. I live in Florida, it's the one.
If you go west for an hour, you'll find it.

Speaker 4 (21:07):
You hit water heading that way. It's gonna happen.

Speaker 2 (21:09):
If you live in Florida and you either go south
or west, you will hit you will hit it.

Speaker 4 (21:13):
FedEx Rich says, pest do not take off holidays. Unfortunately,
who doesn't pests past pests?

Speaker 2 (21:20):
Okay, yeah, that's true.

Speaker 4 (21:22):
I wish they did that. I wish it was like
a pest holiday and we all knew it.

Speaker 2 (21:25):
Be like, ooh, today's the day you could just leave
your tuna fish on the floor.

Speaker 4 (21:29):
I think that you could just be out at dusk
and not be thinking about it.

Speaker 3 (21:32):
Oh, you're thankfully the termites. You know, this is their
religious holidays, So we will use this moment.

Speaker 4 (21:40):
To take them down, right. Well, they're all together celebrating. Yeah,
so no holiday for pests.

Speaker 2 (21:47):
Termites Never.

Speaker 3 (21:48):
Termites are bad business. I mean good business for you
know turnit companies.

Speaker 4 (21:53):
For termites. I think you're having a ball. They're like,
I love this house.

Speaker 2 (21:56):
I think you just struck gold frits. We need to
do it like the equivalent of an pick universe. But
for termites.

Speaker 4 (22:03):
Here's some one who says I'm seventy two and retired.
I have excellent credit. Congratulations. How do I find what
I qualify for? I'm looking for seventy thousand dollars or less.
I want to very small one bedroom.

Speaker 2 (22:15):
Well, I don't know it's gonna be tough to find
a house for seventy thousand dollars or less. I mean
you might be able to find. You might be able
to find if you find a small place, or you know,
a modular home or manufactured home. But as far as
where to look and how to find it, you know,
for that you need a good buyer's agent. And we
have a sponsored of our show and my own personal

(22:36):
favorite buyer's agent to Alexia Boodram with dream home Orlando
dot com. You can reach out to them. You just
go on their website also and you can see all
the listings in your area. But you want to get
pre approved first and then you know, start your search
see what you can find. I always help people say
I'll never find that. Well, I'm telling you people find them.
You know, you never know. There's a lid for every pot,

(22:58):
so to speak.

Speaker 4 (22:58):
Find them. I remember when it's you were kind of
having trouble finding a house at the time and then
your house is so awesome. It's just like and you
were feeling a little discouraged.

Speaker 3 (23:08):
Yeah, it was the right time, and we were looking
in the right.

Speaker 2 (23:11):
Places the good thing, and you had a good realtor
on your team helping you find the Now, you see,
people think everybody can look at the multiple listings. What
is a realtor, Well, realtors to have other good realtors
have other access. You know, they know about listings in
their company that are coming on the market before they
come on the market. There could be pocket listings. There's

(23:33):
a lot of skill in having the right agent.

Speaker 4 (23:36):
Big article today in the New York Times talking about
the controversy about pocket listings, saying that it's making the
market because I guess a lot of realtors are using
them more and more, making the market a little lopsided
because if you don't have the right realtor, you don't
get access to those listings.

Speaker 2 (23:51):
Well, there's two ways to fix.

Speaker 4 (23:53):
That, and some of them are a lot of them
are selling under market because of the pocket listing part,
and they're not getting the value of you know, competitive
bids and that kind of thing. Well, it seems like
it seems to help the buyer.

Speaker 2 (24:04):
Yeah, I don't know. I'd have to see some specific
instances of that. But you know, if the sell the
seller determines the price, you know, and if the seller
is willing to take a little less for it, then
who the other potential buyers that didn't get it could
argue about that, but the sellers ultimately the one that
gets to decide what they sell their house for.

Speaker 4 (24:22):
They decide.

Speaker 2 (24:23):
That's right.

Speaker 4 (24:25):
Brion carry listening while getting ready to eat, and they said,
the golf of Mexico has always been the gulf of
westerly waters. I like that, the westerly water, westerly water
west to us.

Speaker 2 (24:35):
Well, speaking of westerly waters, we're gonna take a quick break.
We'll be right back after these messages. Hey, this is.

Speaker 3 (24:43):
Ryan from the Monsters. And now back to that mortgage got.

Speaker 2 (24:45):
Done on real radio.

Speaker 3 (24:47):
That's right, Home Loans Radio. If you have a question,
just text it into seven seven zero three one. We
will answer it live on the air. Don't think you
have enough money to buy a home? Looking REFI looking
to steal a home. We don't recommend it, but you
can text it in. You can remain anonymous seven to

(25:09):
seven zero three One also follow Don on Instagram at
that mortgage guide.

Speaker 2 (25:14):
Don stealing a home is a harder thing to stick.

Speaker 4 (25:17):
Yeah, I gotta put a try hard to get.

Speaker 3 (25:19):
Your naps at hey tell that to the people whose
videos I seen where the squatters come in.

Speaker 4 (25:24):
Oh yeah, out of squatters.

Speaker 2 (25:25):
Squatters can be a problem.

Speaker 4 (25:27):
Well, most most municipalities have passed something about squatters since
that became such a thing a few years ago. Were
they something they give you a little help on that.
But yeah, that's a thing.

Speaker 2 (25:37):
There's legal ways to a vict somebody. But it can
take a It can take months, you know, it can
take a few months, depending on a lot of factors
and especially how backed up the courts are. But I
meant like, you know, yeah, like you could go out
to the parking lot and your car's gone, and you're like,
either I've been towed or I get someone stole my car.
That doesn't happen usually at your house. It's not like
you go home and the house is gone.

Speaker 4 (25:58):
So weird to lose your car.

Speaker 2 (26:01):
I had a friend who thought his car was stolen
for twenty two days. You remember him. He went out
on a night of indulgence. Let's say after work we.

Speaker 4 (26:15):
Were somebody advised him somewhere along the night not to drive,
which he did not.

Speaker 2 (26:19):
This was years ago. I was a bartending at the
time in winter Park hit a place called Pebble's Restaurants
are gone now but used to used to be there,
and a friend of a fellow bartender there went out
on a night of debauchery to several places. Did not
remember I guess all the places he went, but was
for sure that his brand new pickup truck had gotten

(26:39):
stolen and did not have his truck for weeks it
was reported stolen, it was missing, and then like twenty
two days later he went back to one of the
bars he had been at during that night and there
it was parked back behind the dumpster. And he just
called the police and said, never mind, located my vehicle.

Speaker 3 (27:00):
For almost an entire month.

Speaker 2 (27:01):
Wait, he almost and nobody reported it. Nobody called, just
sitting back there behind the place.

Speaker 4 (27:08):
It was the original dude, where's my car?

Speaker 2 (27:10):
Yep, that's a true story. By the way, he probably listening, uh,
I digress, You are listening to the Home Loans radio
show with that mortgage guy don We're here doing what
we do You can text in your questions to seven
seven zero three one. We'll get them on air. You
want to talk about mortgages, home loans, real estate, reverse mortgages,
commercial loans, any of that. We're also talking about fringe.

(27:31):
It's the final French weekend. I'm excited to go. I've
got I think three or four shows I'm going to
go see later today, so I'll be out in about
on the lawn and doing the fringe thing. Fritz, you have,
you have your play until next time. You've got You've
got a one more show remaining tomorrow. Correct, that is correct.

Speaker 3 (27:51):
The Mundo we have five five fifty five five FI
five and the Yellow Venue until next time. It's a
very lot of fun.

Speaker 2 (28:00):
Easy to remember. You got a good write up, and
Matt Palm gave you a good write up in the
Orlando Sentinel. I like this quote. This was a it's
particularly interesting to watch fully artist illin Fritz. That didn't
spell it right, but Jeff Fritz making the many I'm sorry,
let me start over. It's particularly interesting to watch fully

(28:23):
artist Jeff illin Fritz using the many sound making tools
at his deft fingertips to breathe life into each story.

Speaker 3 (28:30):
Wow.

Speaker 4 (28:31):
Yeah, fingerprint finger.

Speaker 2 (28:35):
Easy for you to say, nope, nopeuh, and you too
can see the show. It's a good show until next
time at the Yellow Venue Sunday five point fifty five.
Check that out. My good friend Ross Paget has his
show ten More Sketches, which olin Ross, Uh that is?

(28:56):
I think they have one or two more. I don't
have the book in front of me, but that's a
good show. There's there's a number that came out with
in the Sentinel, the list of their I think nineteen favorites.
So when you look at it overall, so check it out,
you're running out of time. You can get some shows
in Saturday Sunday and they'll have a few of the
best ones again on Monday.

Speaker 3 (29:16):
Don it looks like they have a show today at
ten fifteen am.

Speaker 2 (29:20):
All right, Oh no, that's probably.

Speaker 3 (29:21):
Pm ten fifteen pm, and tomorrow at three thirty.

Speaker 2 (29:24):
Ten fifteen pm, so ten schedule. It's a good one.
I had a good time hanging out with him and
Joel on the Good Sauce Show this past week, so
that was fun. Look forward to doing it again. One day.

Speaker 4 (29:36):
Somebody said, don Philly cheese steak with fried onions, or
provolone and provolon or Italian beef dip sandwich.

Speaker 2 (29:44):
There you go, pick one, man, I'm hungry.

Speaker 4 (29:46):
I know that's all I can think of now, sauce.

Speaker 2 (29:49):
Can you get a good, authentic like Italian beef in Orlando?

Speaker 4 (29:53):
Yep, it's a new place called I mean, it's not
new to it's new to us. It's been around. I'll
look it up in a minute.

Speaker 2 (30:00):
Tell us text in a seven seven zero three one.
Tell me where you get the best Italian beef in town?
Because and now I.

Speaker 4 (30:05):
Want to spot that has come to Orlando.

Speaker 2 (30:08):
There you go. You can follow me on Instagram at
that mortgage guide don dot.

Speaker 4 (30:14):
Com Portillo's Oh yeah, yep from Chicago.

Speaker 2 (30:17):
All right, well I'll have to check it out. Now
here you get get hungry, I'm gonna go try it out.

Speaker 4 (30:22):
There's one in Waterford Lakes.

Speaker 2 (30:24):
That's how you do today. That's not near Fringe, but
maybe some other time during the little Worial Day week.

Speaker 4 (30:30):
Here here's the one who says, Hi, there, we have
a private recorded mortgage with my parents on a home
that we're living in for five hundred thousand dollars. Can
we do a cash out mortgage to pay them off.
She bought it cash for us a year ago but
now needs her money back. Anything we need to worry about.

Speaker 2 (30:48):
Yeah, so this is pretty commonly done between family members
or you know people. A private mortgage is a real thing.
If you if you write it up and you know
it's a legal document, if you record it and record
it at the county and transfer the it's as you've
done that sale, just as well as you did with
any other mortgage. The only thing is that instead of
it being a mortgage company that loaned the money and
gave the parents, it was mom. So yeah. The key

(31:10):
is that you have to have it all written up
and documented and recorded, because you do have to have
it for typically a year before you can do any
sort of cash out loan. So if you've been making
your payments, you can't have been making cash payments to mom.
You have to have your payments. Everything You's got to
be documented for it to work as an easy and
smooth refinance, So you have to be able to show
that you've been making payments on it. You have to

(31:32):
show that they've been on time, like with your canceled
checks and so forth, and you can't do it with
cash but hit me up. You want somebody who knows
what they're doing to do this for you. You got a
few rules you got to follow, and I can either
if you're I'll look at your scenario. You know, I'll
tell you okay, you're ready right now, or if you're not,
I'll say, okay, well you need to do the checks
by you need to do payments by check for six months,
and then we can you know, look at doing it

(31:53):
depending on how you've been doing it. So that's that's
really the thing. So you're just refineancing a private mortgage.
It gets paid off and said satisfied, just like any mortgage,
and then you got your new mortgage. But to you,
the only key you're going to see is with a
regular mortgage you can only go up to eighty percent
of the value. So you're only going to be able
to get out about four hundred thousand on a first mortgage.
You could take out a little more on a heelock

(32:14):
if you need it to.

Speaker 4 (32:15):
All right, someone has solved your Italian beef problem because
beefy King also offers Italian soup.

Speaker 3 (32:20):
Yeah, I'm gonna say, but I've never been.

Speaker 2 (32:22):
Yeah, I literally was at beefy King yesterday or out four.

Speaker 4 (32:27):
No.

Speaker 2 (32:27):
I I've been going there since I was I've been
going there for a long long time. I get the
same order every time I go.

Speaker 4 (32:33):
Look at the menu. There is a there is an
Italian beefsteak sandwich on there.

Speaker 2 (32:38):
I'm not gonna have to venture out. I don't know, man,
I get the same order every time. It is a
regular beefy King roast beef platter with spuds and a
cold root beer.

Speaker 3 (32:48):
Well, then that and then get something for later that
you can try, you know, Bran.

Speaker 4 (32:52):
Will there you go.

Speaker 3 (32:55):
I went there yesterday and have it delivered. Don, you
can do it right now.

Speaker 2 (32:59):
I was. I was headed to the Fringe Lawn yesterday.
I grabbed my bf King on the way and that's
what I had for dinner.

Speaker 4 (33:05):
Here's so on. Good morning, mj ah, thank you, Good morning,
mj thank you. Cutting sunflowers as usual.

Speaker 2 (33:11):
Uh yeah, chopping them down.

Speaker 4 (33:13):
I love that for them. Wanting to know if Don
can go over USDA Home Loans and First Mortgages. My
son's girlfriend is interested in perching a house in the
USDA map area.

Speaker 2 (33:22):
Yeah, USDA is the is a it's more of a
rural loan, so homes that are out away from the
city areas a little bit, but sometimes much closer than
you think. And they do have a map online that
they just mentioned that You just go to the USDA
dot org website and you type in your the address
or the zip code even of where you're looking, and

(33:43):
it will show you, by variations of shading on the map,
which areas are USDA eligible and which areas are not.
And if a home is in the USDA a area,
then it could be a house that you could buy.
It's for gott to be for sale, you know, it
could be a house that you could buy with no
money down zero down program for USDA. One of the

(34:03):
keys though, is you can't make too much money. It
is a program that is capped for for the one
hundred percent part if you make over a certain amount,
and then that's going to depend on how many people
are in your household, So like if you have it's
everybody over eighteen in your household that works. That income
counts towards the transaction. So even if you've got three
adult children living in your house and they're all working,

(34:25):
we've got to count that into the income equation and
you know, if you're it's a reasonably high level, and
on more people in your family to higher the number goes.
You know, you could, you could be, you could In
some cases you could make one hundred thousand a year
and still qualify. But it's a it's basically a case
by case thing. You have to go to the website,
that mortgage guide on dot com. You hit apply now,

(34:46):
and then we'll figure out that for first, if you're
eligible for the USDA based on your income levels and
so forth, and then once you find a house that's
in the right zone, then we do the loan. You
can do it with zero money down. It's a great
program we've done. I've done hundreds of them, if not,
if not a thousand over the years. Great question. Thanks
for texting that into seven seven zero three one.

Speaker 4 (35:08):
Here's someone who says, good morning listening from Delan. I
don't even need a mortgage, but I listened every Saturday
because you guys give a good mix info and entertainment.
Thank you.

Speaker 2 (35:19):
I love that. That's some nice, good info and entertainment.
Fritz does the entertainment.

Speaker 3 (35:25):
That's right, well, thank you. I was going to say
I did the info. I guess I don't.

Speaker 2 (35:32):
Fritz does the research, the info, the entertainment and the producing.
There you go.

Speaker 4 (35:37):
Here's someone who's asking what happens if I have a
reverse mortgage and I want to sell my house? Can
I sell it? Or if I die? What happens? Can
my heir sell it?

Speaker 2 (35:46):
That is an excellent question, and uh, you know what,
I think we're going to answer that one when we
come back from this break. You're listening to the Home
Loans Radio show with that Mortgage Guide Don. You can
check us out on the website at that mortgage Guide
don dot com or on Instagram at that Mortgage Guy Don.
That's it.

Speaker 3 (36:06):
Hey, it's Sabrina from the news junkie. Do you have
a question for that mortgage guy Don?

Speaker 4 (36:10):
Text him at seven seven zero three one.

Speaker 3 (36:12):
No back to Home Loans Radio on Real Radio.

Speaker 4 (36:20):
Oh yeah, you are listening to Home Loans Radio that
mortgage Guy Don. I got to see Sabrina cutting up
yesterday at the Fringe stage with Angel.

Speaker 2 (36:29):
Yeah.

Speaker 4 (36:30):
She actually said she would have been doing some tap
dancing if she only had the shoes. Where were you
with those shoes?

Speaker 3 (36:38):
I mean I was there, I just right.

Speaker 4 (36:40):
Did you have you? I mean you probably did have
them somewhere.

Speaker 2 (36:43):
You don't wear your right Yeah, so you don't wear
your tap shoes on the loan.

Speaker 4 (36:47):
But I would have liked to have seen that.

Speaker 2 (36:49):
Sabrina couldn't fill those shoes fair, not the tap shoes.
I mean they're big, big shoes, that's.

Speaker 4 (36:57):
Right, big shoes to fill.

Speaker 2 (36:58):
There you go.

Speaker 4 (36:59):
The question on the table was what happens if I
have a reverse mortgage and I want to sell my home?
Can I sell it? Or if I die? What happens
can my heir sell it?

Speaker 2 (37:09):
That's one of the most common questions about reverse mortgages.
So is I got okay? I love the idea of
not having to make a mortgage payment, you know anymore.
I love the idea of being able to take money
out of my house without having to make a mortgage payment.
But then the questions are, well, what happens later? Can
I do I have to keep this reverse mortgage till
the day I die? Or can I sell my house later?

(37:31):
And it's just like any other mortgage. You know, you
take out a mortgage, a thirty year mortgage on your house.
That doesn't mean you have to live there for thirty
years or till forever. You can sell that house, you know,
a year later, and you still have to pay off
the mortgage. And it's exactly the same with a reverse mortgage.
So whatever balance you've built up via the reverse mortgage,
you could sell it and pay it off. Same with
your errs, they could sell it and pay it off.

(37:52):
And then the second most common question I get right
behind that one is what if the you know, because
the reverse mortgage builds up over time instead of going
to now, what if it gets so high that I
can't sell the house later or my errors can't sell
the house later. Well, that that can't happen. It's it's
baked in now that it can't go for more than
the appraised value. In fact, like if your errors, let's

(38:13):
say the reverse mortgage was higher, but your errors inherit
the house and they're getting ready to sell it, they
can sell it for ninety five percent of the appraised
Value's that's the rule. Even if the mortgage is more
than that, they can sell it for ninety five percent
of the value. That means there's a five percent left
over and the rest is actually covered by the mortgage insurance.

(38:34):
So there's PMI on a reverse mortgage. It's not something
you pay every month, but it's part of it. In
case of this scenario where the bottom line is it
can never be worked, it can You can never owe
more than what the house is worth through the appraisal.
So it's as simple as that. So you can sell
it later, your errors can sell it. There will always
be enough room to sell it, you know, with a
five percent margin and anything else above that is discount,

(38:58):
you know, is disposed of, gotten rid of. All right,
great question, Thanks for texting that into seven to seven
zero three one. If you are interested in reverse mortgage,
it's super simple to get the numbers. A lot of
you know, a lot of people are worried about the
hassle of it. It Really you just go in to
the website and there's a one page questionnaire. You fill
that out and asks you a few questions about your house,

(39:18):
how long you've been there, what your payments are. That
kind of thing doesn't get into credit. Reverse mortgage don't
get into credit at all. So then you fill that out.
Jill our reverse Jillian our reverse mortgage expert will get
you the quote, put together, send it over, call you
on the phone, review it with you. If it's something
you want to pursue farther than you do. If not,
you don't, it's fine too. No hassle, no obligation, no

(39:40):
credit pull. So it's really easy to find out. As
the bottom line, you just go the website, hit the
fill out the reverse mortgage. Because people are like, I
want to see numbers, but I don't want to do
a whole thing. Well that's what we got. We got
to you get to see the numbers and you don't
have to do a whole thing. You literally fill out
maybe fifteen questions on a you know, on the form
and it comes to my email and then we get
you the numbers to look at. As simple as that.

(40:03):
That's a great question. Also, thanks for texting into seven
seven zero three to one.

Speaker 4 (40:07):
Kyle says Mustard's last stand in Melbourne and downtown Melbourne.
There's two locations. Has a really good time beef sandwich
with hot to do you. I always have trouble with
this one jardin area that one, Yep, good stuff it is.

Speaker 2 (40:23):
I haven't been to Melbourne in a minute. I've been
I've been wanting to go to the beach. I don't
I don't think I've been to the beach. In like
a couple of years at least, maybe I'll go over
there and go to the beach. But when I go
to Melbourne, man, I gotta have some Bizarro pizza. That's
my that's my go.

Speaker 3 (40:35):
To Bizarrow Pizza.

Speaker 2 (40:36):
Where is that India Atlantic at the Indy Atlantic Beach?
Bizarro Pizza, best pizza, best pizza.

Speaker 3 (40:42):
I thought maybe there was gonna be like Bizarro Superman
right in world the pizza eats you. In Bizarro world,
the pizza is So that's just how things go in
this wacky world world.

Speaker 2 (40:55):
I always thinking, like MJ, like it's Bizarro Superman, like
Bizorrow pizza is actually a custard tart.

Speaker 4 (41:02):
Yeah, it's bizarre.

Speaker 2 (41:06):
I gotta get over the beach. It's been a minute.
Be safe over there too.

Speaker 4 (41:09):
Man.

Speaker 2 (41:09):
They're supposed to be rip currents in different places and yeah,
that's a big beach day.

Speaker 4 (41:14):
So we have two questions here. One, what options do
you think are available for condo owners who are trapped
in high assessments and bees. I know they're working. They
were throwing some legislation around to address some of that.
I don't know if they if that passed, and if
there was any relief attached.

Speaker 2 (41:31):
There's a lot of TBD in that whole you know,
to be determined in that whole scenario. What they're talking
about is now that there are mandatory inspections on condominiums
above a certain size that are you know, beach side,
that they can find issues that need to be repaired.
And when you're in a condo association, like if there's
one hundred units in that condo and there's an assessment,

(41:53):
then you pay one one hundredth of it. If you
have one unit, if you have four units in there,
then you pay four pieces of it. That can be
you know, the bigger the condo, the easier that is.
But you know, I've know people that had been in
condos where there's seven units and so you have a
big expense, like an elevator that's split among seven people. Well,
that can be you know, that can be tough, and

(42:14):
sometimes it's hard to sell if you're in the middle
of a big assessment. It's a tough it's a tough
spot to be in with condo owners right now. I
don't know that there's any immediate solution in sight. You know,
you're either part of it or you're not. But that's
a great question. I'm hoping that they do have some
legislation that helps make that a little easier for people.

Speaker 4 (42:34):
They're working on it. I don't know if it passed yet.
I know the legislation, the legislation. The session is going
to resume. Yeah, so it might be better. Here's what
it says. The original bazaars is the best. And I'm
sure you do mean the in the Atlantic.

Speaker 2 (42:46):
Yeah, that is the one.

Speaker 4 (42:49):
That is the one. And here pro tip text calling
your order before you go.

Speaker 2 (42:55):
Yeah, it's one of those places where you stand in
line for a slice. But if you call in your
order at.

Speaker 4 (42:59):
It from the parking lot, even when you pull up,
call in your order, because they treat you very differently
if you have done that.

Speaker 2 (43:05):
Because then then you're then you're they know you're a local.

Speaker 4 (43:07):
Yeah, when you walk in and you say I called
the head, you'll come up to the front, come up
to the front and make a big deal of it.
You get to go up to the front. Here's someone,
Hello group. My wife and I make one hundred and
thirty K and we're purchasing a four hundred and forty
thousand dollars house. They're looking for some down payment assistant
programs or grant.

Speaker 2 (43:26):
Okay, that's an excellent question. You know what we're going
to talk about that when when we come back at
the top of the hour, we're gonna take a quick break.
We'll be right back after These messages.

Speaker 5 (43:41):
May be good enough for you.

Speaker 4 (43:48):
Sugging down stand back.

Speaker 5 (43:57):
My hundred.

Speaker 2 (44:12):
Hey hey hey, hey, hey, hey hey. That's a beautiful song.

Speaker 4 (44:16):
I love it so much.

Speaker 2 (44:17):
Who wrote that? I know that's Florida's slang.

Speaker 3 (44:20):
Right, No, that is the real Frits, the real.

Speaker 2 (44:23):
Fritz, same guy, that's the real Fritz. That one's uh,
let me get once in a blue moon.

Speaker 3 (44:31):
Blue moon, Yeah moon, so good.

Speaker 4 (44:33):
I love that song so much.

Speaker 2 (44:34):
You can find Fritz's music anywhere you find music, and
you can follow him on Instagram at no underscore regrets,
Underscore Coyote, thank you as always for sharing your original
music on our show.

Speaker 4 (44:47):
Of course, lots of people talking about Bizarro.

Speaker 2 (44:50):
Oh yeah, oh no, I miss a lot.

Speaker 4 (44:53):
Here's one that said, Bizarro's order the house pie cash only.

Speaker 2 (44:56):
That's right, and it's right.

Speaker 4 (44:57):
You better have cash. And if you order the house,
it comes in like a couple of boxes. Giant and
also is it one giant no, I haven't been at
a minute.

Speaker 2 (45:07):
It's changed. It depends. Sometimes it's two boxes when they
can't find those enormous boxes.

Speaker 4 (45:12):
Somebody else reminding us the bizarres is cash only, that's right. Yeah.
And someone's asking, what is the best loan for paying
a condo assessment so you don't lose your home? Would
that be a personal something personal, a personal loan that
you get or helock.

Speaker 2 (45:27):
Well, if you have the equity, you're probably a home
equity line of credit or an equity line or a
second mortgage would be a way to do that. It
would depend on your first mortgage, how high the rate is.
You know, you could look at refinancing the condo to
take out money for an assessment. It depends on the assessment.
Like some of these can be big assessments. There was

(45:48):
one condo that I was familiar with over in the
South Melbourne Beach area where all the balconies facing the
ocean had to be replaced. Wow, And so the whole
assessment was over a million dollars and that was split
up amongst the owners of the place. So you could
have an you could have an assessment that's one hundred grand.
You can have one, there's one hundred and fifty grand,
or it might just be fifty grand, So it depends
on the size of the assessment. But yeah, you can

(46:11):
take out money out of your current equity to pay
for an assessment on a condo as long as the
insurance is in effect, like if it's a safety defect,
then that can be a problem sometimes, but in most
cases you can do a home equity line of credit
to get that money out. Great question. Thanks for texting
that into seven seven zero three one. We had a
question before the break.

Speaker 4 (46:32):
He did go ahead, I forgot you.

Speaker 2 (46:34):
Yeah.

Speaker 4 (46:34):
Yeah, My wife and I make one hundred and thirty
k and are purchasing a four hundred and forty thousand
dollars home. Are there any down payment assistance that would
be available to them? Or do they make too much money?
Or is the house too much money? Thank you? And
they love the show. How much do they make one
hundred and thirty together?

Speaker 2 (46:50):
That's going to be on the tighter side because they're
above the average median income for all the counties in Florida.
But there are a couple that don't necessarily go by that.
There are some that give you less downpayment assistance. But
it gets tougher as you make more money. We're not sure.
I'm hearing rumblings, and I saw some notes from the
legislative session that indicate that the Florida Legislative Session that

(47:13):
might indicate that the Hometown Heroes program is coming back
July first. That's exciting that one can get you up
to one hundred and twenty percent of the average median income,
so in a lot of counties that is one hundred
and thirty hundred and forty thousand. But there was I
just don't know. There's still the legislation. The Legislative Session
of Florida is still ongoing. It's normally over by now.

(47:35):
They had to extend it, and they then they extended
it again. So a lot of these things haven't been decided.
But stay tuned, you'll hear it here. First about the
Hometown Heroes program that has come out at July first
for the last three years, and we're hopeful that it does.
It's a good program. Last year is one hundred million
dollars that all went to first time home buyers, and

(47:55):
hopefully they're going to do it again. But I did
hear some information that some portions of the legislation were
pushing for it to be lower, like not one hundred million,
like fifty million or seventy seven million was another number
I read. Yeah, you know, last year, one hundred million
went in less than two months. So I'm hoping they
don't do something small because fifty million would be like

(48:16):
a token. It would really be gone in three or
four weeks. There's very few people that would get to
take advantage of that. But I was hoping they double
it or make it more, you know. But there you go.
Great question. Thanks for texting that in. Did I answer
that last question? Okay, guess what time it is? MJ.

Speaker 4 (48:40):
That's your cue you it's time to compare a quote.

Speaker 2 (48:43):
It's time for the compare quote of the week dot
com dot com. There you go, compare quote of the week.
What's that you asked, Well, don't dispare. I'm going to
tell you the compare quote of the week. The compare
quote is something that I came up with a couple

(49:05):
of years ago and added to my website after I
read a study that said less than twenty percent of
people compare their mortgage quote after they get the first one.
That is bananas. You should not do that because I
see so many quotes that are outrageous where people are
paying literally twenty thousand and thirty thousand more than they
should in closing costs. So if you're not an expert

(49:25):
in looking at the you know, the loan estimates and
all of that, then you can find yourself. You know,
you may happily go to closing and not even know
that you paid way more than you should have. If
you want the peace of mind to know that you're
not overpaying, then I made a super simple way to
do it. You go to the website that mortgage guy
don dot com. You hit the button at the top
that says compare your quote. You tell me your credit score,

(49:47):
your name, your email, and you upload the quote and
then I will look it over and tell you if
it is a pile of garbage, or if it's awesome,
or if it is you know, if we can do better,
I'll tell you what you could do better, and if
it's good, I'll tell you great. I have plenty of
people I said, that's a good quote. They said, we're
we're closing in two weeks. Should we switch to you? Like, no,
you got a good quote, go for it. But at
least you have that peace of mind, you know, once

(50:08):
you get in that brand new house, you can you
can sleep at night knowing that you got a good deal.
This one was actually about a Helock Mjr. Home equity
line of credit, and you can compare your quote on
Helock's reverse mortgages, commercial mortgages and residential mortgages. By the way,
this one was a Helock. They'd gotten a quote from
their credit union on a pretty good sized credit union.

(50:30):
I mean pretty good sized heelock. I don't really know
how big the credit union is on one hundred and
fifty thousand dollars home equity line of credit. The rate
they got quoted was eleven point nine to nine. And
that was the first thing they told me when they
called me. They said, we have a Helock. It's eleven
point nine to nine. And I said, well, are you
having are you score challenge? You know you have a

(50:51):
bad credit score. They said no, our credit score is
seven sixty. I said, well, then there's something wrong here.
So they compared their quote and they said that they
were worried that they were missing the boat because they
had heard the jingle and they didn't want to We
got it over to Laura, who is my heelock wizard.
She's an actual wizard dungeons and dragon style, you know,

(51:15):
but Laura my helock wizard. We have over a dozen
different landers. That's a difference between us. In a bank,
corner bank or a credit union, they're going to have
their one program probably that you know, is a home
equity line or something like that. We have dozens of
banks that we can work with on these. So we
shopped around at about a dozen different banks. Laura came back.
So they were offered eleven point nine to nine. What
do you think we got them down to MJ what

(51:37):
what rate would you guess?

Speaker 4 (51:38):
Offered eleven nine nine seven?

Speaker 2 (51:41):
Okay, Fritz, do you have a lower guess?

Speaker 3 (51:44):
A lower guess lower than seven three thousand.

Speaker 2 (51:48):
Five point nine nine is the answer. Yeah. So they
were offered eleven point nine nine. We got them five
point nine to nine. Just cut their payment on the
twenty year fixed rate he lo and we did. They
had a proposed payment with the other helock one six
hundred and fifty a month for the monthly payment, sixteen
to fifty a month for the monthly payment monthly payment
with the one that we found for them, it was

(52:09):
one thousand and seventy five. Wow, let's save them nearly
five hundred dollars a month in interest. That's imagine if
you didn't shop around and you found out you're overpaying
five hundred dollars too much a month in interest.

Speaker 4 (52:19):
A lot of Italian subs.

Speaker 2 (52:21):
That is ye bananas. I was shocked at how high
it was with the with their score, So don't miss
the boat. You know you got to compare your quote.
Here's the story. They were quoted a heelock that seemed
a good deal. I said that rate should be making
you squeal. Eleven point nine is way out of whack.
I'll get it much lower if you give me a crack.
They said, I could search and that would be fine.

(52:42):
So we did and we got them down to five
to nine. Do what they did, and don't miss the boat.
You'll always feel better by comparing your quote. Play the
jingle Fritz dot com. I'm gonna start putt all these
poems in a book, a tabletop book. What do you think?

Speaker 4 (53:02):
Okay, make a children's book. Mortgage is explained, Yes, lots
of pictures of boats.

Speaker 2 (53:11):
What's a mortgage?

Speaker 3 (53:13):
You don't have to worry about that now, but you will.
I'm gonna worry about it.

Speaker 5 (53:18):
Oh yeah, I know.

Speaker 4 (53:23):
Right now you feel home secure, but.

Speaker 2 (53:25):
There'll be a day piece of mind.

Speaker 4 (53:27):
You're gonna have to figure out mortgages.

Speaker 2 (53:28):
Peace of mind is not to be underappreciated.

Speaker 4 (53:34):
Take it for granted.

Speaker 2 (53:35):
Yeah, that's the words I wasn't kind of looking for.

Speaker 4 (53:37):
Can happen?

Speaker 2 (53:39):
Well, folks, you can text it to seven seven zero
three one and join the party. You can also go
if you want to apply for a loan or a
heelock or a reverse mortgage, you go to the website
that mortgage guide don dot com anytime during the week.
But right now, Lucky, we're here for another segment and
a half.

Speaker 4 (53:56):
My wife and I want to purchase a second home
at the beach. He listens to you the radio every Saturday.
Thank you, Thank you. We're shopping around for the best
rate for our loan and figured it wouldn't hurt to
reach out one mortgage broker already ran our credit less
than two weeks ago. Can we chat?

Speaker 2 (54:11):
Of course? Yeah, we can chat. Yeah, if you got
a quote already, of course, we just talked about the
compare quote, send that in and that'll help me figure
out what you're what you're doing. But yeah, the easiest
way to set up a time. I get a lot
of people they don't, you know, they want to talk
first before they do the application. Some folks are no,
I'm ready, I'm getting pre approved, Let's do the application,
you know, Or I want to refinance, Let's do the application.

(54:33):
But other folks have questions, and of course we could chat.
You go to the website. The best way to do
is go to the website. You can email me directly.
Directly from there, there's a thing that says you fill
out that has asked on a question, and then we'll
set up a time to chat and answer all your questions.
I The other thing I get all the time is
people say nobody wants to do it in person appointment anymore.
I'm like, sure, you come in the office. We can

(54:54):
set up a time to meet. I do them all
the time.

Speaker 5 (54:56):
Uh.

Speaker 2 (54:57):
So there you go, that mortgage guide don dot com.
Let's set it up. What were they looking to do?

Speaker 4 (55:01):
They they want to buy a second home at the beach.

Speaker 2 (55:06):
Second home, So there's some different rules for that. Yeah,
the second home is a little bit different normally, So
the key there. When you're buying a house like on
a primary mortgage, primary mortgages have the lowest rates. When
you're getting a second home or an investment home, they
have higher rates, so they're real sticklers about what is
this home going to be doing? You know, are you
going to be renting this house out? Are you planning
to rent it out all year? Are you planning to

(55:28):
rent it out part of the year. And people buy
and large don't realize that if you buy it as
a second home, you'll pay a little bit higher rate.
You have to because it's a second home. Normally you're
going to need to put down twenty percent or more,
and it only requires ten percent down, But usually if
you put down ten percent, the rate and the cost
of the rate is so high that it doesn't make

(55:49):
sense and you end up doing enough buydowns where you
should have just put down twenty percent. So we'll usually
shift that over to a twenty percent loan. But the
key is you can rent your second home out for
part of the year. Realistically, the IRS says you can
count it as a second home for tax purposes if
you live there at least ten percent of the time.

(56:10):
Fanny may Freddie mac. They usually say, you know you
want to live there more than you're renting it. So
you could technically rent out a second home for six
months out of the year and have it as your
possession for six months out of the year, and you know,
you're perfectly fine without buying it as an investment property.
So there's kind of it's kind of an in between
step when you buy a second home if you want
to airbnb at sometimes or something like that. But we're

(56:31):
experts at the second home thing. If you want to
find out more, hit us up. It also has to
be Normally, a second home has to be at least
one hundred miles away from your primary residence.

Speaker 4 (56:40):
Or have a special feature or.

Speaker 2 (56:42):
Have a special feature. So when you say I want
to buy a second house at the beach, we're blessed
to live in Florida where the beach is only forty
five miles away one way and sixty five miles away
the other. You know, if you're going to the Gulf
so and.

Speaker 3 (56:53):
We always have a beach each year that's like a
top beach.

Speaker 2 (56:56):
That's right, and you can you can't get one hundred
miles from the beach if you have a house in town,
and then you've got one over at the beach that
can count as a second home if you've got a
lake house on the Saint John's River or something like that.
So if it's got a feature like that where it's
a within one hundred miles but it's special, then then
we can make that work a lot of times as well.

Speaker 4 (57:15):
And is any there any special considerations for it being
at the beach. Does that make it harder?

Speaker 2 (57:20):
It can make it. It can make your insurance higher.
You know, the closer you get to the ocean, the
more potential hurricane you know, construction.

Speaker 4 (57:29):
That's less true now because hurricanes come all the way in. Yeah,
there was a time, you know, years ago where you
could pretty much count on the hurricane you know, not coming.
Since Charlie, we know that hurricanes come right over the middle.

Speaker 2 (57:42):
Hurricane is gonna do what hurricane is going to do,
no matter what your insurance cost is. But yeah, well,
there are certain certain injuries that are particular to the coast,
like like the you know, storm search where all of
a sudden, you know, you're five blocks from the house,
but all of a sudden, the water is five feet
high your house. You know, so those damages are felt

(58:05):
at the coast, but not in the usually in the
middle of the state. But as far as the wind
and the rain and the flooding and everything else, for sure,
I've had big time flooding issues, you know, in the
last few last two or three big hurricanes that dropped
a lot of rain, So definitely can can be felt
inland as well. But that's the really the you know,

(58:25):
other pitfalls with the second home. You know, that's the
same normal stuff. It's like you have a house now
you've just got two of them, so you know, instead
of worrying about two roofs you worry about I mean,
instead of worrying about just your one roof, then you
worry about too. But you know it's worth it. Great question.
Thanks for texting that into seven seven zero three to one.

(58:47):
We're coming up on our final segment here in just
a few minutes. You can go to the website at
that mortgage guide don dot com anytime during the week
if you want to apply for a loan, if you
want to get pre approved for a purchase, if you
want to get pre approved and find out if you
can qualify for down payment assistance. You do it right
there at the website that mortgage Guy Don dot com.
You can apply for helocks, business loans, commercial loans, and

(59:10):
you can also find your way to all of that
through my Instagram at that mortgage Guy Don, check the
link in the bio and give me a click and
a follow. Play We're gonna be right back. I almost
said play I'll do it again. I was gonna let
everybody go early for a Memorial Day. We can, but no,
we got one more segment. We're gonna be right back

(59:32):
after this.

Speaker 1 (59:33):
Do you have a question for that mortgage guy Don,
text us at seven seven zero three one. Now back
to Home Loans Radio on Real Radio.

Speaker 3 (59:44):
That's right Home Loans Radio. I'm Fritz, we got MJ
and that mortgage guy Don. If you have a question
about buying a home doing everything you can think about
with a mortgage, including no, I'm not gonna say stealing
a home again, just text it in seven seven you're
a three one. You can also go to that mortgage
Guide Don dot com and email Don anytime you you know,

(01:00:05):
have a question pops in your head. You can also
follow him on Instagram that mortgage Guide Don.

Speaker 2 (01:00:11):
That's right here. We are doing what we do. Final
segment of today. We're right here in the middle of it.
Go downtown and do some things at the Orlando Fringe.
It's the final weekend. It's Memorial Day weekend. It's going
to be nice down there. There's lots of cool shows.
You can go and see Fritz's radio play where Fritz
is the master Folly Artist and steals the show called

(01:00:35):
Until Next Time, that's tomorrow at what was it five
point fifty five five. You can go see Jeff work
his magic there. And there's a lot of good I'm
gonna be down there today going to see a bunch
of stuff, a lot of good shows. We got some
of my favorite favorites, of course, Fritz's show, ten More
Sketches with Ross and Joel, These were all all there's

(01:00:58):
This is a title I'm interested in, mj I. I
didn't know if you saw this one, This one called
foz Gate Ferret Loan Officer. I'm really curious.

Speaker 4 (01:01:07):
About what I was curious about too. It didn't make
any of the best of lists, right.

Speaker 2 (01:01:12):
Yeah, it's in the top list.

Speaker 4 (01:01:13):
Oh is it really?

Speaker 5 (01:01:13):
Yeah?

Speaker 2 (01:01:14):
It's with Bullock and the Bandits and ten Sketches, Wizard
and ferret Loan Officer.

Speaker 4 (01:01:20):
Were named ferret Loan Officer.

Speaker 2 (01:01:22):
By the Sentinel as good ones. But ferret Loan officer.
I wonder what that is fozz Gate interesting?

Speaker 4 (01:01:28):
Have you heard about this big shark that they got
that they tagged?

Speaker 2 (01:01:32):
No? Do tell well?

Speaker 4 (01:01:34):
It's it's fourteen feet long. How much do you think
it weighs? Well? Is it a great white shoes great
white shark? Fourteen biggest, biggest that they've found? Oh well,
in our waters.

Speaker 2 (01:01:47):
I think the biggest I've seen the.

Speaker 4 (01:01:49):
Largest male white shark ever tagged by OH search by
the lets people say fifteen feet it's fourteen feet long.
But I want to know how much of weight?

Speaker 2 (01:01:59):
I would say thirty two hundred pounds.

Speaker 3 (01:02:02):
Let's see how much does a bridge way? I'm gonna
say five hundred tons.

Speaker 4 (01:02:09):
It's sixteen fifty three pounds. Sixteen hundred, Yeah, sixteen hundred pounds.

Speaker 2 (01:02:14):
That's a that's big enough. I mean it doesn't matter
at a certain point. Yeah, once its mouth is bigger
than you. Yeah that part there you go? Where was
is it? It's one of the ones that swims up
and down the coast of Florida. Is it? O search?
That's monitoring. Yes, yeah, I like that. I like checking
out their website.

Speaker 4 (01:02:30):
And they get a lot of samples when they check them.
And they do it differently now they have the shark
next to the boat. They don't put them in the
boat anymore. They have a way to like corral them
next to the boats. They swim real close to the
boat and they can get all their samples and they
get a lot of samples. They get blood, tissue, parasites, bacteria,
fin clips, and sperm.

Speaker 2 (01:02:51):
All right.

Speaker 4 (01:02:52):
I don't know how they do all that. I have questions.
Well they do They get all the samples and then
they learn.

Speaker 2 (01:02:59):
All the things that's centric. That's that's super heapy.

Speaker 4 (01:03:02):
You can you can follow him if you go online
and search it. You can take a look about where
he's going and where he's been.

Speaker 2 (01:03:08):
There you go.

Speaker 4 (01:03:09):
The thing on his fin pops. Every time he pops
out of the water, it pings.

Speaker 2 (01:03:13):
If I see any fin popping out of the water
at the beach, I'm mount.

Speaker 4 (01:03:16):
I'm moving, Getty.

Speaker 2 (01:03:18):
I was recently last year on the Saint John's River
and I saw this. I saw this little booie coming
towards I was on my boat. I saw the little
bowie just coming across. All you see is a booy
like the size of a soccer ball, floating on the water,
and it's coming towards you, towards you, towards it, and
then it's like what is It looks like a big
fishing bobber. And then on it it says a man
tee marker. So there's like it's attached to something.

Speaker 4 (01:03:40):
This man has a bad hat.

Speaker 2 (01:03:42):
Well, it had a thing to let people know where
it is. All right, guess what time it is, MJ.
It's time for the speed round, right, I'm going that's uh.
You're gonna ask me a bunch of the questions we
haven't had a chance to get to. I'm gonna try
and answer them real quick. We got to about three
minutes left. Yeah, and then we got the riddle time.

Speaker 4 (01:04:01):
Yeah, the riddle. Come you listeners, see if you can
beat these guys at the riddle seven seven zer or
three one? Answer it ahead of that.

Speaker 2 (01:04:09):
Maybe we should do the riddle now so people can
start getting their answers and then we can speak around, but.

Speaker 4 (01:04:15):
You guys will know it. Okay, then let's too fast
now let's go yeah, yeah, yeah, can you do DSCR
loans in Florida and other states.

Speaker 2 (01:04:24):
What is that DSCR loan? It stands for Debt service
Coverage Ratio loan. It's a loan for buying investment properties
that you don't have. It doesn't use your personal income
to qualify. It uses your the income of the property
to qualify. Yeah, and I can do them. I think
we can do them in forty nine states.

Speaker 4 (01:04:40):
Now, wow, do you offer all types of SBA loans?

Speaker 2 (01:04:44):
All types, any you name it. We've got over one
hundred different banks doing SBA loans and we work with
all of them. So yeah, any if there's an SBA
loan out there, we can offer it.

Speaker 4 (01:04:53):
Asking about hometown, here's what you already just mentioned. And
how long does it take to get a reverse mortgage?
And do I need to keep paying my house payment
while I'm qualifying for it?

Speaker 2 (01:05:02):
Well, that's the one about the hometown heroes. Again, I
want to make ye if it's coming around. There is
talk that it's coming back in July first, to stay tuned.
We'll keep an eye on it. But the state of
Florida is still finishing their legislative session, so I don't
think the budgets are set.

Speaker 4 (01:05:16):
How long does it take to get a reverse mortgage?
And do I have to keep up paying my house
payment while I'm doing that?

Speaker 2 (01:05:21):
It takes about thirty days, maybe maybe forty five days,
depending on the complications you know that we might run into,
but usually about thirty days. And yeah, you got to
keep your house payment current. You don't want to stop
paying your house payment. Then we get close to closing
and they say, well, you haven't paid your house payment
in two months. That can be problematic. So yeah, you
want to if you if there's any way you can,

(01:05:42):
you want to keep paying it. But there's also some timing,
like in the middle, like if it's you know, your
house payments due, say June first, but it's not late
till June thirtieth, thirty days later. So if you if
we're we can talk through it. Like if we're going
to close in the middle of the month, then we
might say, yeah, don't pay your payment because we're going
to have the new more age and that old one
paid off before you know, before it's time that it'll

(01:06:03):
be late. So we can look at the timing and
maybe not have to pay it. Riddle time time.

Speaker 4 (01:06:09):
All right, this is the race.

Speaker 2 (01:06:11):
Okay, text in ready, text in your name and.

Speaker 4 (01:06:14):
Answer easy one. So somebody should.

Speaker 2 (01:06:17):
There's no prize or anything, just bragging, right. I was
with somebody yesterday that was bragging Kayla. She's like, I
got your riddle last week?

Speaker 4 (01:06:25):
Did Caayla? One of my favorite people. In the morning,
I lose my head, but I get it back at night.

Speaker 2 (01:06:31):
Oh I know, mm hmmm hmm, Jeff, you know that one?
Is it? Beer? Okay? What was the riddle again?

Speaker 4 (01:06:44):
In the morning? I lose my head back at night.

Speaker 2 (01:06:48):
Yeah, if you pour your beer before bed in the morning,
it will not have a head on it.

Speaker 4 (01:06:51):
That's true. That is not the answer to the riddle. Anyway.

Speaker 2 (01:06:56):
Well, there you go. What else we got to join
us the Well, I'm gonna be down at the fringe
line hanging out today. If you've got nothing to do,
go down there and watch some plays. Support Orlando artists.
A lot of people don't know one hundred percent of
the ticket dollars, one hundred percent go back to the
artist in the shows. That's right, all right, what do
you got.

Speaker 4 (01:07:14):
Mj Well, you gotta guess the riddle.

Speaker 2 (01:07:16):
Well, I'm gonna have to guess it because we're running
out of time.

Speaker 4 (01:07:18):
We are.

Speaker 2 (01:07:19):
The answer is a pillow.

Speaker 4 (01:07:22):
It is nice. It is the answer. In the morning,
I lose my head, but I get it back at night.
There you go, listeners, You guys are too slow.

Speaker 2 (01:07:30):
You know why because they're all at the beach, they're
all down at Fringe.

Speaker 4 (01:07:34):
They're at bizarros, they're eating cheese steaks. I guess it's
hard to get a cheese steak at ten thirty in
the morning.

Speaker 2 (01:07:38):
But you know, well, folks, you did it. You successfully
wiled away another ninety minutes of your Memorial Day weekend
listening to us right here on Real Radio doing what
we do every single Saturday. Go see until next time
at the Florida Fringe Tomorrow Sunday at five point fifty five,
play us out of here with something Cool for It's z.

Speaker 1 (01:08:09):
You've been listening to Home Loans Radio with that mortgage
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