Home Loans Radio 08.16.2025 with That Mortgage Guy Don- Home Town Heroes Program is BACK!

Home Loans Radio 08.16.2025 with That Mortgage Guy Don- Home Town Heroes Program is BACK!

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
guy Don. That's right, that's me. We're here. We're doing
what we do every single Saturday, right here on this bright,
shiny morning with my Kru. Good morning, MJ. Good morning,
Good morning, mister Fritz.

Speaker 3 (00:33):
Fo so'st not own again?

Speaker 2 (00:36):
Oh yeah, welcome to the Home Loans Radio Show. We
are live right here on Real Radio one to four
point one, the most listened to, the most talked about,
the most live show right here real Radio. Right now.
What do you think about that? MJ?

Speaker 4 (00:50):
Well, I think that's just fantastic.

Speaker 3 (00:52):
Well, thank you most and most most that's right.

Speaker 2 (01:00):
Oh yeah. I can usually tell in the first two
minutes of the show and these these beginning interactions, how
it's gonna go.

Speaker 4 (01:08):
It's gonna be great National roller Coaster Day?

Speaker 2 (01:12):
Did you know I was going to ask you? You
know what?

Speaker 4 (01:15):
Today is National roller Coaster Day.

Speaker 3 (01:17):
I'll downs forever, baby.

Speaker 4 (01:20):
I don't like the dangly feet one, but I like
the other I get used to them. But the dangly
feet one of my the ones that scared me.

Speaker 5 (01:27):
I recently saw. You know the thing about roller coasters.
They're fine if they're permanent installations. But great, count great, Yeah,
you're flipping a coin.

Speaker 3 (01:36):
I agree.

Speaker 4 (01:38):
I agree. If i'm if I'm relying on the carney
to put all the screws in, I'm I'm I'm a
little worried.

Speaker 3 (01:43):
Maybe not carney, I'm checking the dumb button.

Speaker 4 (01:46):
Oh sorry, the person who works at a carnival. I
didn't know that was a bad word.

Speaker 3 (01:54):
I don't know if it is either. I'm just being cautious.

Speaker 4 (01:57):
Okay, fair enough.

Speaker 2 (01:58):
All right, well done, Jay. Two minutes and forty four
seconds into the show.

Speaker 4 (02:04):
About Roady.

Speaker 2 (02:06):
Okay, this is not the place to try the words.

Speaker 4 (02:10):
I've got a list here. Let me get my paper.

Speaker 2 (02:14):
Yes, I'm going to emphasize yes. Uh. August Saturday, August
sixteenth is National roller Coaster Day.

Speaker 4 (02:23):
I will and we live a place where we can
really roller coaster.

Speaker 2 (02:26):
Oh yeah, the SeaWorld is doing like a big thing
where if you go and ride all eight roller coasters
in one day, they're like the first two thousand people
get a special poster and a special land Yards whole thing.

Speaker 4 (02:39):
Yeah.

Speaker 2 (02:39):
Yeah, that's yeah, well all of the all of their
eight at sea World, which is yeah, I got the
list here I was. Yeah. I did some prep for
this part of Mjay the Orlando's tallest, fastest, and longest
roller coaster. Which one do you suppose that is? Maco Maco?

Speaker 4 (02:59):
Yeah, because a good roller coaster.

Speaker 3 (03:01):
I like it.

Speaker 2 (03:02):
Yeah, I've written it many times. And then the Cracking
that's the one without the floor out floor Yeah, yeah,
where your feet dangledeah. And then you got the the
Manta that's the one. I haven't done that one. That's
the one we're suspended face down like you're flying. Have
you done that one?

Speaker 4 (03:21):
I think so?

Speaker 2 (03:22):
All right, yeah, my personal favorite at sea World, Jeff,
have you been on the one that's the surf coaster,
the pipeline where you're standing up?

Speaker 3 (03:31):
No, so is it like you're on a surfboard?

Speaker 4 (03:34):
Yeah, like you're standing up in your little thing.

Speaker 2 (03:37):
You're you're you're standing like your feet are on the floor,
but you're you're buckled into a almost feels like a
jet pack that kind of bounces up and down in
a spring loaded way so your feet can leave the
floor at certain parts of the run.

Speaker 3 (03:49):
They've always had really good interactive rides there.

Speaker 2 (03:52):
Yeah.

Speaker 5 (03:52):
I remember the what's the Polar Expedition or whatever, that
one where it's like there's a polar bear and then
you're in this helicopter. The helicopter goes down then turns
into submarine tight.

Speaker 2 (04:02):
Yeah, I remember that one. I remember that one. They've
got they have now, I think it's the Penguin Check Now,
which is a new launch coaster with the Arctic Exploration theme.
And then they've got a couple others that I haven't
been on, the Icebreaker, the Expedition Odyssey, and Super Grover's
Box Card Derby, which is a family friendly coaster in

(04:23):
Sesame Street Land. There you go, National roller Coaster Day.
Who's going to do it?

Speaker 4 (04:27):
The standing one is the coolest, is the coolest. It's
the coolest because you can push your body down. It
really is like you're It feels very different than just
you're in the thing and it's throwing you around. It
feels like they have agency in it, even though you don't,
but it feels like you do.

Speaker 2 (04:40):
And it's very different I think a lot of them
are very different at the front than the back. Sure, sure, sure,
Like the one that the Pipeline Coaster, when I was
at the back, you you can like jump at certain
parts of the ride and stay just in air for five, ten,
fifteen seconds till you come down.

Speaker 4 (04:57):
What's your pick? Back, front or middle.

Speaker 2 (05:00):
On roller coaster?

Speaker 5 (05:01):
Roller coaster clarification, I don't know. I guess if it's
my first time, probably middle or back. But I mean,
if I love it, then front.

Speaker 2 (05:12):
Of course.

Speaker 4 (05:12):
I never want to be in the middle. I always
want to be either in the front or the back.
In the middle, I'm like, oh, man, I didn't plan.

Speaker 3 (05:19):
This, right, do you guys like that the Manta.

Speaker 2 (05:23):
I haven't been on that one. That's the one where
you hang underneath of it.

Speaker 4 (05:26):
I don't know.

Speaker 3 (05:26):
It's like you're like flying on your belly kind of thing.

Speaker 2 (05:30):
It sounds good in practice. It's kind of like, what's
the one that that you're oh tron the one that uh,
I like that one where you're on the motorcycles kind
of laying down almost all that.

Speaker 3 (05:42):
One was that space station Earth or something. It was
like something I don't know.

Speaker 4 (05:47):
I don't know Tron's as the Magic Kingdom.

Speaker 2 (05:49):
Yeah, it's a newer when it came out maybe two
years ago. It's where you're on the motorcycles kind of
like almost like what do you call them?

Speaker 3 (05:58):
I don't want to cruise a cruising?

Speaker 2 (06:01):
Uh?

Speaker 3 (06:01):
It was the People Mover.

Speaker 2 (06:03):
The People Mover. Yeah, that's quite a roller coaster.

Speaker 4 (06:06):
People Mover is a classic though. It's a classic. And
if you've been around Central Florida long enough and back
of the day when you could get into the park
easy because everyone knew a person and they could let
in a bunch of people every day, Yeah, well then
you probably made out on that ride.

Speaker 5 (06:20):
There's there's this video of this like family and they're
like convincing my mother, this is the most violent ride
at you know Kingdom, you know, Disney World, And she
the People Mover. In the entire time, she looks like
she's like white, like as a sheet.

Speaker 3 (06:39):
She's like, isn't gonna start getting scary? Everyone's just walking
past her faster.

Speaker 4 (06:47):
They really hate their grandma. I had someone convinced she
must be awful.

Speaker 2 (06:53):
I had a similar thing. I had someone visitors convinced
I was on the People Mover and we went through
a Space Mountain one time when it was under repair
and the light we're on in there and you could
see the whole thing. I told, Okay, this is the
pre ride. That's where we're going now. And I had
them convinced we were going to go on the what
we could see down there. But there we go. You know,
Disney Local Humor. You got to mess with your family

(07:14):
members that come here. You're listening to the Home Loans
radio show at that mortgage guy done, what do we
do here? MJ? What do we do? You can text
in your questions to seven seven zero three one joined
the conversation. Tell us anything about what's going on out there,
what you're doing on this fine Saturday. If you're going
to roller Coaster the day away on National roller Coaster Day.

(07:34):
We got the big I have the Big Celebrity Poker Tournament,
the real Radio celebrity, Real Radio Celebrity Poker Tournament. MJ's
playing tonight.

Speaker 4 (07:43):
You've been practicing.

Speaker 2 (07:44):
I've been practicing. I mean I'm always practice. I play
poker on my phone all the time.

Speaker 4 (07:49):
When I'm I have not been practicing, and it makes
such a difference. I usually practice for like two weeks
before and I haven't been, so I need to work today.

Speaker 3 (07:57):
I need to download like a poker.

Speaker 2 (07:58):
Up just like two weeks before, and then you made
it to the final table twice.

Speaker 4 (08:03):
It really helps a practice though, because I really I
just practice yesterday for like one hour, and I was like, oh,
I forgot all this stuff. But then it comes back,
you know, and you remember, Remember I don't play poker unless,
you know, except.

Speaker 2 (08:14):
The Poker Jour you're practicing, so you know, like what
whether three of a kind beats a straight or straight
beats a three of a kind?

Speaker 4 (08:20):
More like how the how the how the down cards feel?

Speaker 2 (08:25):
Oh? You mean when to hold them in? When to
fold them?

Speaker 4 (08:28):
Yeah? Yeah, when the when to tap out, when the
you know, knock it in. Mostly when to knock it in.

Speaker 2 (08:35):
Not get in, you mean fold, yeah at.

Speaker 4 (08:37):
The beginning, like to just say no, thank you.

Speaker 3 (08:40):
Yeah, then that's that's what knock it in, which would
hold right like if you knock right.

Speaker 2 (08:48):
You've heard of Hoyle's Rules of Cards, well, MJ's Rules
of poker. You gotta knock it in, you gotta you
gotta punk the sports ball.

Speaker 4 (08:56):
You gotta feel them in, you're you know, feel feel
them because sometimes a nine and a four is great,
and sometimes nine and a four just needs to go
right back where it was you're.

Speaker 2 (09:04):
Talking about, Like in Texas, hold them, you get your
first two cards, those are your whole cards. You gotta side,
and you look at those two and you decide whether
to play further or or full.

Speaker 4 (09:13):
Yeah, And sometimes they don't speak to each other, even
though later they might like Sometimes, like particularly nine and
a four is always problematic, especially if the suits aren't,
you know, aligned in any way, and you're like, these
two cars are just random, but I have a good
feeling about them, and those are like end up being
like my full house cards or whatever in weird ways.

Speaker 2 (09:31):
I'm not going to tell you how to play poker, but.

Speaker 5 (09:32):
That's always how I end up losing. It's like I'm
like I have a full house and someone has like
a royal flush side bit, and then the next card
it's like two and seven. I'm like, all right, I fold,
and it's like, all right, we've got a two a
two and it too.

Speaker 3 (09:49):
I'm like, you gotta be kidding me. And then it's
like and a two and.

Speaker 4 (09:55):
Six twos in a second totally totally happens to be this.

Speaker 5 (10:00):
Game, it's ridged, and then I flipped the table over
and then get arrested again again.

Speaker 4 (10:06):
I hate it when you get in the poker the
poker tank.

Speaker 2 (10:09):
Well, your your lifetime band ends in twenty twenty six.
I love it fun.

Speaker 4 (10:15):
Joean Glances. They have started the final section of paint
on the airplane.

Speaker 2 (10:19):
I can't wait to see this thing.

Speaker 3 (10:21):
Yeah, it's gonna be right pink. Is it going to
be like a lame color? Like white?

Speaker 5 (10:25):
You know?

Speaker 4 (10:27):
Do you have your name on it? Going you paint
your name on it.

Speaker 2 (10:35):
On your airplane?

Speaker 3 (10:36):
Yeah?

Speaker 2 (10:38):
You mean like, never.

Speaker 4 (10:40):
Mind, his name is Joe, Just put Joe Joe Joe.

Speaker 2 (10:48):
Uh. You can control your call letters on your plane,
like you can make the first two letters of your
you know, of your your call number that's on the
tail of the plane. You can make it your initials. Huh.
And I have a few friends who owned planes and
they're the first two letters of their call sign or
their initials.

Speaker 4 (11:06):
All right, well that's something.

Speaker 2 (11:10):
Well there you go, you go. It's been decreed by
MJ that that's something.

Speaker 4 (11:14):
Here's someone who says, hopefully when you go to Sea
World to ride of those roller coasters, they're all in order. Well,
you know, there's always a one down fair.

Speaker 2 (11:24):
You know. I went last year during the what is
it the Halloween what do they call it?

Speaker 4 (11:30):
It's the World Hollow Scream, Hollow Scream.

Speaker 3 (11:34):
Yeah.

Speaker 2 (11:35):
I went last year in an evening and it was
like like a Wednesday night or something. It was pretty
low attendance and got to ride all the roller coasters
like five or ten minute. Wait, that was the best part.

Speaker 4 (11:47):
That's very cool. William's listening on the porch. Hey, William,
what up? Welcome in Titusville eighty three degrees.

Speaker 3 (11:55):
All of Titusville or in oh.

Speaker 4 (11:58):
William is listing on the porch.

Speaker 2 (12:00):
In titus I was like, William, William, get all of
Titusville listening. Yeah, tell your friends.

Speaker 3 (12:06):
Doors, just try your hardest. Please.

Speaker 2 (12:07):
Well you get text ten your comments conversations to seven
seven zero three to one. You. I believe there's still
a couple of tickets left for the that mortgage guy
Don Casino at the poker tournament at the Science Center tonight.
You can buy those and join the party, watch all
the festivities and that's going to be fun. Looking forward
to that annual event, hoping, you know, hoping I'll make

(12:30):
it pretty far, pretty far in there you will. I
haven't won since twenty nineteen. It's been too long. I
gotta I gotta, I gotta win. I think I think
it's going to happen. I think tonight's tonight. I'm feeling it.
I'm hoping. I don't get any nines and fours.

Speaker 4 (12:44):
Oh I get a lot of that hand. Is that
a really common hand?

Speaker 2 (12:48):
I would say probably, no more common.

Speaker 4 (12:52):
Maybe I just noticed the nines and fours. But I'm like, oh,
there you are again, nine and four.

Speaker 2 (12:55):
I would advise you only play a nine and four
if you have the big blind. But you know that's
just my strategy.

Speaker 4 (13:00):
Sure, I don't know what that means, but okay, i'll.

Speaker 2 (13:02):
Tell you later.

Speaker 4 (13:05):
I'm blind.

Speaker 2 (13:07):
Uh wow, and you've made it to like the final tables.

Speaker 4 (13:12):
Yeah, I always make you pretty far. But my key
is always like, just did not play a lot in
the beginning. I just fold a lot anytime that you
don't have to play, you know, unless you're unless you
just got it.

Speaker 2 (13:26):
You should bottle that. And uh, you know I offered
that advice on Reddit.

Speaker 4 (13:30):
Yeah, yeah, that's all I can do.

Speaker 2 (13:33):
You're listening to the home Loans radio show. We'll be
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Speaker 3 (14:40):
Hey, this is Devil Roberts from the Jim Culbert Show.
When you're listening to Home Loans Radio on real Radio.
Now back to the show with that mortgage guy Don.

Speaker 4 (14:52):
Hey, Hey, you're listening to home Loans Radio that mortgage
guy Don. We're talking about mortgages. That's right, we are mortgages, mortgages, mortgage.
It might sound like poker, poker, poker, but that's just
because we're getting ready for the big poker tournament tonight.
And I'm here for any of your poker advice bring
it to me, but also your mortgage questions seven seven
zero three one.

Speaker 2 (15:13):
No advice too small from Jack.

Speaker 4 (15:17):
Mostly, I like to go with how the cards feel
in my hand, if I should, if they're good or bad,
I can feel their auras. Really yeah, not really, but
a lot of times my intuition seems to work out.

Speaker 2 (15:28):
Well. There you go. You certainly made it far in
the poker tournament before. I have no doubt you will
again tonight.

Speaker 4 (15:34):
I think, do you ever throw a king back in
or at as back in?

Speaker 2 (15:36):
Because I do a lot it depends on It depends
on where you are in the rotation, from where the
dealer is and where the blinds are, and how many
people are on the table still, so you know, like
if it's early and there's ten people when you get
a king in a two, yeah, I'm probably throwing that
in or you know, I've got I'm not going to
tell my secret limits, but I have my presets already

(15:57):
where I'm gonna where I'm gonna fold at certain things,
certain points in the game.

Speaker 4 (16:01):
Seems like you play a very math centered game with
with uh, you know, statistics and you know, bloody blady blah, like, well,
there's small people hairs on a say, and I got
a king, and then what are the chances and all.

Speaker 3 (16:15):
That facts and stats backs.

Speaker 2 (16:17):
And science odds odds and.

Speaker 4 (16:22):
Yeah, you gotta go with your feelings.

Speaker 5 (16:27):
Yeah, it's all about the gut. That's what wins poker.
Everybody knows that down everybody.

Speaker 4 (16:32):
I'm not gonna have everybody's a winner.

Speaker 2 (16:35):
Baby, I am not gonna argue with you. Two years ago,
I was booted out of the final table and MJ
was still there, and so you know, I'm.

Speaker 4 (16:42):
I was still there. All of my feelings.

Speaker 2 (16:44):
Yeah, well, hey, if you're feeling, do you do you look?
Do you go by color or numbers? I mean, are
you just like a feeling like I'm gonna put it
all on red.

Speaker 4 (16:53):
It's how they are together, those two cards, the two cards,
how they work together, like sometimes they're just they're disparate cards.
They don't they don't, they don't make sense together.

Speaker 2 (17:01):
People can't see you, but I'm going to describe that
you're miming holding two cards and rubbing them together and
flipping them over and putting them on top of each other.
Seeing now they feel like your fingers are sticky.

Speaker 3 (17:14):
I thought she like intuition, but she is.

Speaker 4 (17:18):
It's both things.

Speaker 3 (17:20):
Feel the cards literally.

Speaker 4 (17:22):
How they feel in my hands, Like sometimes they feel
like all right, all right, I see you, and sometimes
like yeah nah, sometimes you don't belong to me. You
need to go back back in to see where you go.

Speaker 2 (17:32):
Do the cards ever feel like maybe they have a
lot of germs on them?

Speaker 4 (17:37):
M well they all have.

Speaker 2 (17:40):
Well, you know, go by feel. I think that's the
way you should do it. Now. You don't want to
worry if you don't know the odds and the you
know the all the stats and balling. Then go with
what you feel.

Speaker 4 (17:51):
That's all I can do, That's all I can.

Speaker 2 (17:53):
You know, what you feel is often more important than
you know. I've had plenty of times where there's you know,
like a three percent chance to win on the rod,
and you do so it happens.

Speaker 4 (18:02):
There's lots of times where I put in aces and
stuff where I just folded like early, you know, because
I could for free, and I'm just like, oh, yeah, no,
I don't feel I'm not feeling that, and it always
works out like I should have done that, you know.
I wait for the aces to turn over to punish me,
and nope, it's like that was a good call.

Speaker 2 (18:18):
Well there you go. Maybe you're onto something you know
you feel, right, John Busdecker won two years in a
row and never played poker outside of those two tournaments.
So sometimes it's better to just go in cold and
see what lady luck brings you.

Speaker 4 (18:30):
Yeah, it's good to have an innocence of not knowing
math statistics for poker and just going in with a
you know, wide eyes and a full heart and think,
you know, my six and four is going to go somewhere.

Speaker 2 (18:42):
Wow, good times it will Friday Night lights monologue. Thank you,
I'm cha, I'm wipe my tears.

Speaker 4 (18:48):
And just not with the cards.

Speaker 2 (18:50):
You're listening to the Home Loans radio show with that
mortgage Guy Don. You can text in your questions comments
salutations to seven seven zero three one joined the card,
the conversation joined the party. That'sk anything I'm gonna do
with the mortgages, real estate, you know, buying a home,
selling a home. Big announcement we had last week was
that the Hometown Heroes program is bad. That's the down

(19:10):
payment assistance program. Officially, We've been taking applications for it
like mad all week, but it officially kicks off on Monday.
Okay the eighteen.

Speaker 4 (19:19):
You got all your people lined up, Brad, I've got.

Speaker 2 (19:21):
A whole slew of them lined up ready to go.
Several of them already have houses. So yeah, it's gonna
it's more restrictive than it was in the past because
they went back to you know, the core professions what
they call the Hometown Heroes. But if you want to
know what those are, I now have it posted on
my Instagram. If you go to Instagram at that Mortgage Guy,
don follow me there please and thank you. But down

(19:43):
in the link tree. There's a link to the hometown
Heroes allowable professions and even if you don't see it there,
like it's like one of them is school employees. So
that's you know, that's a lot of people. That's a
lot of people that can be You can be a
speech therapist. You could be someone who works in the kitchen.
You could be someone who works in the you know,

(20:04):
maintaining the school, the janitorial staff, the you know, whatever
you do in a school, you're you're eligible. For example.
So medical field is one the UH and they're all
huge list of professions. And then and they say basically,
even if you don't see your profession here, if you
are in this field, then you know, talk to your
loan officer and we can get we can get an
exception or an approval on different professions as long as

(20:26):
we can show that they're in that job field. What
it does, it gives you a grant up to thirty
thousand dollars towards your down payment and closing costs on
your house. If you're in one of those professions and
you qualify for it, and you want to find out
if you qualify that simple you go to the website
that mortgage guy, don hit the apply get pre approved
button and then we'll be able to gather the information

(20:46):
we need and tell you what you're eligible for. So
that's the big news going on. Hometown Heroes is back.
What else we got? Oh there's another I'm excited about this.
I don't know if you remember me in the past
talking about trigger leads MJ and what those are. Yeah,
that's where when you get your credit pulled by right now,
if you get your credit pulled for a mortgage, a

(21:08):
hard credit pull Equifax, Experience, TransUnion. They sell those leads
to other telemarketing companies and tell them basically that you've
applied for a mortgage and then it's fair game and
you get one hundred phone calls, which is annoying. Both
the Senate and before the legislation legislative session ended, both

(21:29):
branches of government passed this trigger lead bill, which is
going to make it so that they can't do that anymore.
It only remains to be signed by the President, so
there we're waiting that it's been been a week or
two since it was sent up there, but just hoping
hopefully it passes because that is a huge would say
an actual piece of legislation that does only good things
for you know, citizens.

Speaker 4 (21:50):
I mean, it's so rude because you cannot qualify for
anything without going through the credit bureaus. Right they have,
and they have a monopoly on that. There's no there's
no other way. And they get your most personal information
and they have access to your most personal you know,
financial information, and they get to sell it and and
there's nothing to do about it. It's so rude.

Speaker 2 (22:10):
Yeah. One of the the the biggest part of it
is that they in the past, it's been so that
you have to opt out. Now they're trying to make
it so you have to opt in if you want
to get those kind of offers.

Speaker 4 (22:21):
You please barage offers.

Speaker 2 (22:24):
So yeah, so that's excited. I'm I'm hepbody ever call
about a good, clean piece of legislation just needs to
be signed to become law. They still say it'll take
six months to implement. I don't know why, but we'll see.
That's uh, that's on the horizon. Help is on the
horizon for that problem. In the in the mortgage industry.

Speaker 4 (22:41):
Some poke some poker advice here that says you got
to know when to hold them. You got to know
when to fold them. You got to know when to
walk away. It's true.

Speaker 5 (22:50):
I've said it multiple times. He offers no advice in
that song.

Speaker 4 (22:53):
Right when do you?

Speaker 2 (22:54):
You gotta know?

Speaker 3 (22:55):
When do you hold them?

Speaker 4 (22:57):
You just got to know.

Speaker 2 (22:58):
It's a song about self reliance, Fritz.

Speaker 4 (23:00):
It's like, you gotta know, how do I know? How
do I know?

Speaker 2 (23:04):
You gotta know?

Speaker 5 (23:05):
Then you it's a great it's well written, it's it's all.
It's evergreen right as they say. But the guy drinks
all of his whiskey, his corn whiskey, he drinks all
of his cigarettes, and then then basically says, well, if
you know, you know, and if you don't, you don't know.

Speaker 4 (23:26):
All right, I'm like, I don't when to run? I
mean the running part, I don't. I don't think it
would be very dramatic if I jumped up and just ran.
That's like it was time for me to run, like
we gotta runner.

Speaker 2 (23:44):
Yeah. I think that goes back to like the saloon
days are gonna if you've been winning too much, you
gotta run. Yeah, yeah, that's you know. That's when John
Busdeker run The won the championship that second year in
a row. He had to run out of there and
jump into the back of a waiting vehicles people with pitchforks. Well,
you know, Kenny's always Kenny. Kenny Rogers has always been

(24:07):
kind of cryptic. He told us, all you picked a
fine time to leave me, Lucille, but he didn't tell
us what time. Yeah, right, you know, I think that's
his method, Fritz.

Speaker 3 (24:15):
And also coward of the county. How in what way? Actually?
He probably says in that Sorry, I just wasn't paying attention.

Speaker 2 (24:25):
You can text in your comments questions salutations to seven
seven zero three one. Tell us what you're doing out
there on this fine day. Yeah, we do have the
first hurricane in the Atlantic, first Atlantic hurricane out there,
number one. Aaron, Aaron with a E. I heard it
the other day. I thought it was Aerin with an A.

Speaker 4 (24:45):
And it seems like we're not going to get the
worst of it. But it does say that we could
get hundreds hundred foot waves.

Speaker 2 (24:52):
One hundred foot waves, that's the fucker's think. Where did
you see that?

Speaker 4 (24:55):
I read it this morning. Because it's supposed to They
keep saying it's really supposed to bring a lot of waves,
crazy crazy shore action.

Speaker 2 (25:02):
To the I saw the thing. It well, it's now
a category four there, but I saw a thing where
they said that like the outer banks areas could see
twelve foot waves. I didn't see anything about one hundred foot.

Speaker 4 (25:15):
Maybe, I mean when we reached.

Speaker 3 (25:19):
Waves would be like Nazarie, and yeah it would.

Speaker 4 (25:22):
That's why I was so impressed. I was like, man,
Daytona beach is going to be nuts.

Speaker 2 (25:26):
But Miami waterfront, okay, is only like eight feet above.

Speaker 3 (25:37):
It's a hell of a swell.

Speaker 4 (25:38):
So maybe that was clickbait.

Speaker 2 (25:41):
We take a zero off with there.

Speaker 4 (25:42):
I think that might have been clickbait.

Speaker 2 (25:44):
Yeah, but yeah, they say there will be rip currents
and and strong waves and that kind of stuff.

Speaker 4 (25:50):
Danny is driving around in Ovido delivering packages. Thank you,
and uh somebody William tells me that MG has the
instinct we will see, will you, and we will see.

Speaker 2 (26:01):
There you go. You're listening to the Home Loans radio show.
We'll be right back after these messages.

Speaker 1 (26:06):
Hey, this is Ryan from the Monsters, And now back
to that mortgage got done on real radio.

Speaker 5 (26:11):
Oh yeah, if you have a mortgage question, go ahead
and text it in seven seven zero three one.

Speaker 3 (26:17):
I think we're warmed.

Speaker 5 (26:18):
Up now, I think it's time for questions. We got
MJ and of course that mortgage guy done.

Speaker 2 (26:25):
All right, this this show goes where the call where
the text is taken. So text into seven seven zero
three one and join the conversation.

Speaker 4 (26:33):
The under the the one feet is a headline.

Speaker 2 (26:37):
Yeah, we we just did a little we did a
little research session. So there is it says it's possible.
You know, in theory, there's something called a dynamic.

Speaker 3 (26:46):
Fetch theory that trying to make fetch work.

Speaker 2 (26:49):
Right because of where the storm is and blah blah blah,
it could there is a potential for one hundred foot wave. Yes,
I don't know if that's a one and a trillion
potential of like me went in the power ball this weekend.

Speaker 5 (27:01):
That's what I like to call the I'll be damned
when you look you huh, Well, I better correct that and.

Speaker 3 (27:08):
I'm as fast as I can, right.

Speaker 2 (27:12):
Yeah.

Speaker 4 (27:12):
And someone else said that they saw the same headline
newsweek go yeah, news there you go, yeah, says you'll
see us at the final table.

Speaker 2 (27:23):
Ah, all right, he's going to be there cheering us on.

Speaker 4 (27:27):
That's right, she's playing or oh at the final table,
winning playing playing.

Speaker 2 (27:32):
Well, that's if I'm there and you're there and breeze there.
That's seven out of ten seats. I mean we're almost full.

Speaker 4 (27:37):
Yeah, there you go.

Speaker 2 (27:38):
You're listening to the Home Loans radio show. Text in
your comments, questions salutations to seven seven zero three one.

Speaker 4 (27:44):
Go ahead to do a couple of mortgage things. Here.

Speaker 2 (27:46):
There you go. You sound you sound excited.

Speaker 4 (27:49):
Yay. With the FED potentially reducing rates, how soon will
that trickle into the housing market for both purchases and
refinancing loans. I currently have a seven point seven five,
but I'm wondering if I should keep waiting.

Speaker 2 (28:03):
I don't know that you should. We had we had
rates of you know, we're down in a kind of
a lower range of where we've been over the last
six months. Right now, I have a lot of people
refinancing right now. Seven point seventy five. You should probably refinance.
I locked in a refinance yesterday on a conventional loan
at six and a quarter sixteen a quarter from seven
point seventy five. That's over a point and a half drop.

(28:25):
If you've got a let's say, a four hundred thousand
dollars loan, you can probably lower your payment three hundred bucks, okay,
just in pure interest. That's if you stay with a
thirty year, you might be able to even go to
like a fifteen year and keep your payment the same
and shave off, you know, fifty ten to fifteen years
of interest and that could save you one hundred thousand dollars.
So definitely time to take a look at it now

(28:46):
and see if the math looks good for you. There's
no sense continuing to pay a higher payment to if
you don't need to. What was the first part of.

Speaker 4 (28:52):
The question, though, With the Fed potentially reducing rates, how
soon will that trickle into the housing market. And as
we have said so many time, the FED rate is
not the mortgage rate.

Speaker 2 (29:02):
Yeah, it's they're not directly connected, but like so, the
prime rate affects the tenure Treasury bond, and the tenure
treasury bonds can affect the mortgage backed securities, and the
mortgage backed securities control the conventional conforming interest rates. So
it can happen if we do see a reaction. The

(29:24):
prediction right now is that they're going to lower the
federal funds rate in September, although that changed a little
bit this week because of the couple reports that came out,
But we'll see and if they do reduce that by
a quarter, you know, two or three months after that
you might see a reduction in rates. But I feel
like we're already kind of seeing it. What's happened in
this world is that we're based on the expectation of

(29:45):
a lowered rate next month, we're seeing the little bit
of a dip in the rates we're seeing right now.
So even though they're not directly connected scientifically or mathematically,
it's more about the way the investment market feels. Sometimes,
just like you were saying with the playing pogram chase,
sometimes it's about how they feel. So when there's an
expectation of something happening, you know, like the federal funds decreased,

(30:08):
it can cause a temporary lowering of rates just just.

Speaker 4 (30:12):
Because just because of feelings.

Speaker 2 (30:13):
That's because of feelings, feelings.

Speaker 4 (30:19):
This feels, this feels good, I'll do it. Here's someone
who's recommending watching Eric Burris on the Meteorologist at eight
am that he will give you the weather straight up.
And here's someone but says one hundred foot waves in Bermuda.
Wesh said it last night, pretty crazy on a board. Yeah,
I don't want to be on a hundred waves. No scary, scary.

Speaker 2 (30:41):
I mean I I don't imagine this is some special
possibility because of this hurricane. So I would think it's
probably been our possibility for any category.

Speaker 4 (30:51):
Well, like you described, there's something weird about.

Speaker 2 (30:53):
It's it's about where it is, and you know that
it's off the shore a certain distance. But we've had
I've been in my lifetime. I've seen a dozen hurricanes
come up the coast like that, and I've never heard
of any hundred foot waves quite yet. But you know,
clickbait is a fun thing. Of course, this will be
the time that we have one. And you know, Saint
Augustine's washed away.

Speaker 4 (31:14):
Here's got a couple of questions about reverse mortgages.

Speaker 2 (31:17):
All right, let's do it.

Speaker 4 (31:18):
All right, Mom just got here's someone James says. Mom
just got the payout from a reverse mortgage. Jill was
amazing at working with us. Thank you so much for
giving mom an option to stretch her fixed income far
and to live enough to live comfortably.

Speaker 2 (31:31):
There you go. That's Jill is our reverse mortgage genius experts.
And if you want to find out more about what
they can do for you. You go to the website,
can they a button that says reverse mortgage and fill
out the form and as simple as that and we'll
get you some numbers.

Speaker 4 (31:44):
And another question, should I compare my quote for reverse mortgage?
Are they all going to be the same? I understand
they're all government HCM loans and what does HCM mean?
Are all reverse mortgages insured by the federal government? So
there's three questions there. Yeah, should I compare my quote?
Are they going to all be the same? And then
explain to us what HCM is.

Speaker 2 (32:05):
EGCM or HECKHAM as we call it in the biz,
stands for home equity conversion right off the time, home
equity conversion mortgage. Basically that means reverse mortgage. It allows
you to convert the equity in your house and not
have to pay the mortgage payment on it and reverse mortgage.
The second part of the question.

Speaker 4 (32:24):
Was, well, are they all going to be the same?

Speaker 2 (32:27):
Should they not be the same? They're not And they
said that all of them are home equity conversion mortgages.
That's not true. There are conventional reverse mortgages as well.
You should definitely compare because they are not all the same.
I see them all the time. I had a person
coming last week and they were told by a different
reverse lender that they needed to bring thirty thousand dollars
in cash to the closing table.

Speaker 4 (32:48):
That's weird.

Speaker 2 (32:49):
We were able to turn that one around and get
them about ten thousand dollars back at the closing table
by going to a different reverse lender with different fees
and different rates.

Speaker 4 (32:58):
So them not bringing something in.

Speaker 2 (32:59):
Yeah, we we have access to about twenty five reverse
companies and different types of proprietary programs, so we can.
You should one hundred percent compare your quote on a
reverse mortgage. It's it's super simple to do and it
can save you a ton of money or make you
a ton of money, depending on your scenario.

Speaker 4 (33:17):
And the last part of that question was are all
reverse mortgages ensured by the federal government.

Speaker 2 (33:22):
Well, the Heckhams are. There are some lenders that have
what they call proprietary reverse mortgages, which are basically like
you know, when you go to a credit union, they
may not be giving you a fanny may conventional loan.
They may have their own mortgage loan that they do,
you know, in a bank or a credit Union, and
it's the same for reverse mortgages. They have their own
different big, huge financial institutions have their own proprietary versions

(33:44):
of reverse mortgages. And there's also the HECKAM, which is
basically an FHA government mortgage. So there's all kinds of
variety out there on them. You know, if you don't
If you're not sure and it seems like a daunting
place to be, start with us. We'll explain it to you.
We'll set up a meeting. Even people come into the
office if they feel more comfortable, we can talk about
it there at the office. In Winter Springs.

Speaker 4 (34:06):
I had a foreclosure in twenty twenty three when I
got divorced. My credit has rebounded, But will the foreclosure
keep me from being able to buy home again.

Speaker 2 (34:16):
Twenty twenty three, Yes, so we're it depends on when
in twenty twenty three, so we're two years later. In
FHA and VA allow you to buy or purchase or
do a mortgage two years after the discharge of your bankruptcy.
Conventional loans can be closure. Well, I'm sorry up to
two years after a foreclosure, and then as soon as

(34:38):
two years after a foreclosure, and conventional loans are typically
going to be four years on that. Okay, great question,
Thanks for texting that into seven seven zero three to one.

Speaker 4 (34:47):
Why are the rules so different with SBA loans from
bank to bank? I was offered completely different terms on
a seven year SBA business loan when the offer when
the application was identical. When is tell me that I
need twenty percent of my own funds and other requires
thirty percent down but has better rates. Can you help
me understand this?

Speaker 2 (35:06):
Yeah, So SBA, the Small Business Administration, does not actually
loan the money. They work with banks, so every bank
can have their own SBA programs. What the SBA does
is it insures part of the debt or it helps
make it so the bank is not fully on the
hook for the whole debt. So usually it's about somewhere
around thirty forty percent that is ensured by the SBA,

(35:30):
depending on the type of loan, and you know the
qualifications of the people borrowing the funds. So you could
go to ten different banks and get ten different sets
of rules on an SBA loan because the loan is
not coming from SBA. It's a loan that the bank
is doing that is securitized by SBA, So it's a yeah, definitely.
That's another thing. You definitely want to compare your quote
if you're looking at an SBA loan and I've seen people,

(35:51):
you know, go one place and get a quote of
eleven percent and we were able to get an eight
and a half. So wow, it can be. It can
vary widely, and it has to do with knowing right
banks to go to that have the best rules that
work with the Small Business Administration. That's a great question.
Thanks for texting that into seven seven zero three one.
You want to find out more about any of that,
you can go to my website, that Mortgage Guide Don.

(36:12):
If you want to apply, that's the place to start.
You can also listen to over three hundred of the
past shows right there. And what else can you do there,
MJ You can apply for a business loan, you can
do all the fun things. You're listening to the Home
Loans Radio show. We're going to take a quick break.
We'll be right back after these messages.

Speaker 4 (36:31):
Hey, it's Sabrina from the News Junkie.

Speaker 5 (36:33):
Do you have a question for that mortgage Gude Don
Text him at seven seven zero three one.

Speaker 2 (36:38):
No.

Speaker 3 (36:38):
Back to Home Loans Radio on real radio.

Speaker 4 (36:42):
That's right, you're listening to Home Loans Radio. Here we
are talking about mortgages a little bit. And if you
have any mortgage questions, text him into seven seven zero
three one. We want them ready for it. Let's go.

Speaker 2 (36:53):
That's right, what you got. We're here, we're live, we're
doing what we do. Ever me single Saturday. You can
check us out at the website that Mortgage guide don
dot com. Also you can follow me on Instagram at
that Mortgage Guide Don. If you've got questions about the
Hometown Heroes program, go to my Instagram and in the
link tree there's some information about it and the allowable
professions and you can apply at the website to get

(37:14):
that process started. It starts officially on Monday, August eighteenth.
You can start locking in those loans that down. The
Hometown Heroes is a down payment assistance program that can
get you up to thirty thousand dollars for your down
payment and closing costs if you qualify. And you can
find out if you do at the website that Mortgage
Guide Don.

Speaker 4 (37:33):
Here's someone who's asking looking at buying raw property out
of state. Do you do out of state loans or
is it better to get a loan from the state
and I'm purchasing the property, And also is money down
more for raw property? Raw property means no roads or.

Speaker 2 (37:47):
No nothing on, nothing done to it. I would imagine,
you know, completely raw, no sewage, no electrical, no construction,
no nothing.

Speaker 5 (37:56):
Yeah, that's my favorite Giggy and the Stooges album, Raw
raw Property.

Speaker 3 (38:01):
No, it's called raw power.

Speaker 2 (38:02):
I'm sorry, okay, okay, So yeah, I can do those
in any state. The issue with them is that normally
you're gonna need to put down around forty percent of
your own money. It's more, it's a it's a pretty
big cash down payment on land because for lenders, there's
a long time, you know, before it gets developed. Also,

(38:23):
if people like let's say you've got a house and
you've got five pieces of land you're paying payments on
and you hit hard times, you know what are you
gonna stop paying payments on. You're not gonna stop paying
on your house, you'll stop paying it on the land.
So it's considered one of the riskier loans, one of
the easiest loans for people to let go of if
they get into a problem. So forty percent down typically
on that, but we can do them in any state.

(38:45):
What was was there a second part to that question?

Speaker 4 (38:47):
Is the money more down? You answered that, is there
more money down? Is it better? Is there an advantage
of doing it in the state where you're purchasing the land?

Speaker 2 (38:56):
Really, most of the banks that that do I mean
it could be you might find like a local bank
or a local credit union that does land financing in
an area. Let say you're buying somewhere in the mountains
of North Carolina. You might find, you know, the Bank
of North Carolina Mountains that does a lot of loans there,
and they might have better terms. But again, it's something
you can shop around for. I can get you a quote,

(39:17):
and then you can shop around local and get a
quote and see. I don't know of any distinct advantage
they have. It's just the rules of the bank, whatever
that bank is.

Speaker 4 (39:25):
So how is it out there? In the in the
housing market, people buying houses, are people mostly refining? Are
people looking like what's going on out there?

Speaker 2 (39:33):
It's hot right now, we're seeing the best rates we've
seen in six months. People are purchasing, We're getting in
dozens of new contracts right now. I had a client
put their house on the market, which went on the
market on last Friday and was under contract on Tuesday
and four days. So it depends on the property, you know,
how quickly they're selling. The inventory is increasing, and there

(39:56):
are some houses that are sitting on the market longer.
But what I'm seeing are the ones that are in
the best houses you know, that have a newer roof,
they're in good condition, they're properly priced. Those are selling fast,
within within a week, within two weeks. Others are sitting
on longer. But it's definitely a buyer's market right now.
The seller concessions are happening, meaning that sometimes sellers are
willing to take a little bit below asking. Sometimes they're

(40:19):
willing to give you money towards your closing costs. So
we're definitely in the buyer's market. And then refinances are
also going through the roof because we're having a low
point and a lot of the people that did loans
a year or two ago when the rates were in
the sevens, high sevens, maybe even lower mid eights, are
now able to read finance into in a lot of cases,
into the fives or sixes. So we're seeing a lot

(40:42):
of all that too. We're busier than we've been in
quite some time. There's more equity locked up in people's
properties right now than has ever been in the history
of mortgaging, meaning that a lot of people are sitting
on equity that they want to take out of their
house to do other things, you know, to consolidate debts,
to pay off student loans or credit cards, or to

(41:03):
improve their home, you know, put in that fence or
put in that pool, or you know, remodel the bathrooms.
So go to Nice, go to Nice and there you go.
If you want to go to Nice, you can get
a helock just for that. But yeah, and helock allows
you if you have a super lower rate, the helock
allows you to keep that low rate on your first
and still access some of that equity. So we're seeing

(41:24):
a lot of that as well, a lot of activity.
And the other thing that was really kind of slow
for I would say the first half of this year.
The commercial business is also really picking up. I'm seeing
a lot of things being bought at very good prices
in the commercial world.

Speaker 4 (41:39):
Interesting, Yeah, what kind of businesses? Is it people coming
back to the office or is it different kinds of
businesses there's a lot of that.

Speaker 2 (41:45):
A lot of companies have moved back to where people
are going back into the offices or they're in the
offices three or four days out of the week, you know,
working hybrid schedules. Even if you have that, you know,
like I have that in my office. I have people
that work sometimes in the office, sometimes times at home.
But you still need the whole office space even if
they're only day there for you know, three days a week.

Speaker 4 (42:05):
Sometimes everybody's there.

Speaker 2 (42:06):
Yeah, So it's uh, as far as I'm seeing, you
definitely seeing more people working in person and uh and
less full time you know, homework, like there was a
couple of years ago. Great question. All right, you can
go to the follow me on Instagram again. I want
to thank those folks that voted for us a couple

(42:27):
of weeks ago, the readers of the Orlando Sentinel that
named us the best local mortgage company. And we find
out this week if I was nominated for a couple
other things in the Orlando Weekly best local radio voice
and best financial institution. I don't, I don't know, maybe
later that's perfect there.

Speaker 3 (42:46):
It is the most best handsome man.

Speaker 2 (42:50):
Well, you already got me that shirt two years in
a row. You don't wear it though, I was going
to wear it tonight at the poker tournament.

Speaker 4 (42:57):
Most best handsome man. I plan. I'm doing a little
running that tonight hit the poker. I feel like no one,
No one gives the run that the attention it needs.
Everyone talks about the holding and the folding, but and
the walking.

Speaker 5 (43:11):
Like a walking machine, like a walking desk. You're just
walking the whole time.

Speaker 2 (43:15):
I think that's what you do.

Speaker 4 (43:16):
Yeah, I know.

Speaker 2 (43:17):
Yeah. If you do get knocked out of the tournament,
I think that's when you run away.

Speaker 4 (43:20):
You just get a run, just run full speed to.

Speaker 2 (43:24):
The bar or to the bathroom.

Speaker 4 (43:25):
In a way that makes everyone go what Yeah.

Speaker 2 (43:28):
There you go, and then security will tackle you again
like last time, Am Jack.

Speaker 4 (43:32):
It's also awkward.

Speaker 2 (43:33):
You're listening to the Home Loans Radio Show. We'll be
right back at the top of the hour, like serves chevels. Hey,

(44:11):
hey hey, hey, hey, hey hey. Welcome back to the
Home Loans Radio Show with that mortgage guy Don That's right,
I'm here with my crew. Good morning MJ, Good morning
mister Fritz Ohllo, thank you for bringing us back with
that beautiful selection from your collection like a Southern Road

(44:31):
from Florida Slang by you and Darcy Riccardi. That's correct,
Thanks says always for playing your cool original music on
the rejoints for our little Saturday show.

Speaker 3 (44:41):
Hey, thanks throughout the music, my man.

Speaker 2 (44:44):
Yeah. Yeah. You can find Fritz's music anywhere you find music.
Look up Florida Slang or the Real Fritz or Corvis
Incorporated or many of the other entities that you can
find anywhere you find music. And you can also follow
on Instagram at no underscore regrets Underscore coyote. But for now,

(45:05):
you can text in your mortgage questions to seven seven
zero three one, join the conversation, or just tell us
what you're doing in out there.

Speaker 3 (45:10):
It's yep, yep.

Speaker 2 (45:11):
We've been talking about a bunch of stuff. We got
a hurricane out there, a hurricane.

Speaker 4 (45:15):
Aaron poker tournament coming up.

Speaker 2 (45:17):
Somehow possibly could make a one hundred foot wave. According
to Newsweek's.

Speaker 4 (45:21):
Article, I didn't lie about that.

Speaker 2 (45:23):
No, we've been talking about what the poker tournament, the
big celebrity or real radio celebrity poker tournament tonight. That's
going to be fun. Well, we'll see if MJ can
take home the crown. With her scientific method of playing poker,
I can.

Speaker 4 (45:38):
Get to the last three tables. I'm good. I don't
need to win the big thing. It comes with a
big spotlight and a lot of attention and whoo breat
all that I don't know five times?

Speaker 2 (45:48):
Oh you hate that.

Speaker 4 (45:49):
I don't have time for that. Here's the one who
said I got a house back in twenty twenty two.
I bought the property pretty far from where my family
needs to be on a daily basis, so I'm ready
to rent the house. But I need a new roof,
all right. So they bought a house and it's far
away from where they need to be at things around
the house. My base mortgage without taxes and insurance is
thirteen hundred. What is my best option if I want

(46:11):
to get some money to fix up the house to
be able to rent it out. Danny would like to.

Speaker 2 (46:16):
Know, Well, you're probably gonna want to look at a
home equity line of credit because it depends on what
your first mortgage rate is. But two years ago, I
don't know. We could look and see if we can
get you a lower rate than what you have now
and get your cash out on a first mortgage, then
that would be the way to go. If twenty twenty two, yeah,
three years ago twenty twenty two rates were pretty good still,

(46:37):
so I'm guessing you're probably in the below five range,
which would lead us towards doing a home equity line
of credit or a second mortgage to take out the
funds to do the roof repair and whatever else you
need to do. You can also you can also take
out money on an equity line if you have enough
equity to help with your down payment on the new
purchase that you're going to buy. So I have a

(46:57):
lot of folks that do that. Well, we'll set up
an equity line. You can take out the funds on
it and then either keep it as an investment property
or later sell it and pay off you know, both
mortgages that are on it. So yeah, great question. Thanks
for texting that into seven seven zero three one. You
want to find out how to do that, you just
go to the website that mortgage guide don dot com.
You click the button that says refinance, fill out the application,

(47:20):
and then our helock second mortgage wizard Laura will contact you,
find out what you're trying to do and send you
some quotes.

Speaker 4 (47:28):
Yeah, the rate is two point three.

Speaker 2 (47:29):
Yeah, so you're if you have a rate that low,
you don't want to mess with that, and you don't
want to you don't want to refinance it because you'll
lose that rate and'll you're turning it into an investment property,
which is another complication. You can't refinance it as a
primary and then leave within the first year to turn
it into a rental. So Helock's going to be the

(47:49):
way to go, and we can definitely help you with that.
We got over a dozen different options. Great question, Thanks
for texting that into seven seven zero three. One. Guess
what time is mj oh, what time is it? It's
time for the compare quote of the week? Y, what's that?

(48:13):
You asked, Well, I'm going to tell you the compare
quote of the week. That's something I came up with
a couple of years ago because there was a study
that came out that said less than twenty percent of
people get a second quote after they get their initial
mortgage quote. And I thought that's bananas, and so I
said why and then I read the study more and
it said, well, because it's too hard. So my whole

(48:34):
goal was to make something super easy that anybody could
do that didn't require any effort and allow you to
get the benefits, big time benefits of comparing your quote.
So you just go to my website. You got a
quote from somewhere else, there's a button that says compare
your quote. You upload it. You tell me your name,
your email, your credit score. I don't even need to
pull credit and then I can tell you if that
quotes any good or if it's a pile of garbage,

(48:55):
and you should run away as fast as you can.
It's like poker. You got to know when to hold them,
you got to know when to fold them, and sometimes
you need to run this potato run. Oh wow, channeling
a little pick Floyd or something there. So this was
a VA purchase A lot of I do get this question.
There is a very common misconception that people think that

(49:17):
the loan that you get as a VA as a
veteran is the same no matter where you get it,
and that's just definitely not truey I'd be willing to
say more the opposite. Every place you go and get
a VA quote, you're going to get different numbers, So
you always want to make sure and do that on
VA loans and any other one really their first time
home buyer. They were quoted a pretty good rate six
point seventy five on it under their circumstances with two

(49:40):
thousand dollars in discount points. Now, VA loans don't require
any down payment. As a veteran, you can do zero
down payment, which is a fantastic benefit, but you do
have to pay your closing costs, and your closing costs
typically run about three to four percent of the total
loan amount. So in this case, these folks, they would
have needed twenty two five hundred dollars in cash to

(50:02):
close the loan. They didn't have it. They didn't have
that much in their savings. So not only were they
comparing their quote, they were kind of looking for a
last ditch effort to be able to find a way
to buy the house. Luckily for them, they came to
me compared their quote, and because of the Hometown Heroes
program that we work with that's starting on Monday, we
were able to get them twenty five a twenty five

(50:25):
thousand dollars grant through the Hometown Heroes programs, all veterans
that are first time home buyers that meet the income
requirements are approvable. If you're a veteran, then you meet
the occupational standard of what's needed for that program. So
we were able to get their rate a little lower.
We got them six and a half percent with no fee.
We got the two thousand dollars fee wiped out, and

(50:46):
instead of them having to bring twenty two thousand, five
hundred dollars to closing, they brought zero dollars and zero cents.
They will be bringing zero dollars and zero cents to closing.
They were so happy. They thought they were going to
lose the house, They thought they were going to lose
their dream, and instead, because they compared their quote, we
got it. We got it all worked out, and we

(51:07):
got their payment about one hundred and sixty dollars less
than it would have been before. In summary, my veteran
friends were ready to buy, but the cash to close
had made them cry. They saw the cost and said
we can't. Then we solved the problem with the grant.
The grant ease the fears they feared so much. In fact,

(51:28):
they clapped and cheered, compare your quote. Don't be a goober,
do not miss the savings uber.

Speaker 3 (51:36):
Here it is.

Speaker 2 (51:37):
Dum dot com.

Speaker 3 (51:44):
Goober like a peanut.

Speaker 4 (51:45):
I get the goober. The uber you mean like the car?
Yeah car, oh a savings car whatever. Okay, I'm here
for it.

Speaker 2 (51:54):
I'm trying to rhyme a derogative with a conveyance and
goober and uber. That's all I have.

Speaker 4 (52:03):
Okay. Here's someone who says, is a helock like a
credit card as far as interest rates go prime plus?
However that goes? What are the going rates for a
helock if I have credit above eight hundred?

Speaker 2 (52:15):
It depends on the type of There are multiple There
are a dozen different types of home equity line second mortgage.
Some are called helocks, some are called he loans, some
are called you know, different different words for them at
different banks. So like the ones, you may have a
fixed rate mortgage, you may have a floating mortgage. You
may have an adjustable mortgage, I mean an adjustable rate

(52:37):
on them. You may have a three year draw period
of ten year draw period. You may have no draw period.
On a he loan it's just a second mortgage. And
you may do a twenty year or a twenty five year,
thirty years. So there's all kinds of different variances of
how they can be put together. The way that we
are going to look at it is if you go
in and do the application for refinance, and then we're
going to have a conversation with you to find out

(52:58):
your goals and what you're planning to do with the money,
and how quickly or slowly you want to repay it,
how long you want to have access to be able
to borrow. Like on a heelock, you can pay it
up and down like a credit card for three years
or ten years. But if you're just buying something big,
like a pool, then you're probably going to do a
he loan, which is just a second mortgage that you know.

(53:18):
You don't draw up or down on that account. You
just get the money and you do the thing, and
then you pay it back over ten years or twenty
years or thirty years. So it's flexible. I guess it's
the answer to that question. What am I seeing for
helock rates. I've seen everything in the last two weeks
locked in from high fives like five point nine all
the way to ten and a half. So it just

(53:40):
depends on what you're never locked in. Those are the
rates that were locked in. If it's prime, I mean
if it's an adjustable rate, then it's going to be
the prime plus a margin, and the different banks have
different margins, and we can figure that out as well.
But the good news is it's you're not just going
to a place that offers one product. We offer dozens
of different products that might better fit your needs or

(54:01):
suit your goals or how you want to borrow it
or how you want to repay it. So that's that's
that's the answer to that question. Great question. Thanks for
texting that into seven seven zero three to one. That's
how you do it.

Speaker 4 (54:11):
Here's someone that says, I love the weekly rhyme.

Speaker 2 (54:14):
The weekly rhyme, Yes they go, there you go. I've
been rhyming for a few weeks.

Speaker 4 (54:20):
Now there you go.

Speaker 3 (54:21):
Yes nice.

Speaker 2 (54:21):
We're still on a trial basis. We're still in probation
with that whole that whole bit of writing them. It's
it's fun to do. I've been asked do I write them? Yes,
I write them? No. Chat GPT does not write them,
I write them, no, And I write them. And the
reason that I'm not sure if I want to keep
doing this is because it takes the time thirty minutes

(54:42):
and it's over in thirty seconds. So there you go.

Speaker 4 (54:44):
All right, well you know, but there you go.

Speaker 2 (54:47):
I digress. You can text in your questions to seven
seven zero three one, text in your comments, salutations, et cetera.
We got the big poker tournament tonight. I'm excited about that.
In just a few short hours will be showing up
and we'll we'll see. MJ shared her secrets of mastering
poker earlier in the show. If you missed it, it

(55:08):
was was it go by? Go by?

Speaker 4 (55:11):
How they feel, how they feel together, how the cards
feel together, Like do they vibe like you know? I
look at them and sometimes like nah, nah, you two
just need to go back in and find new partners.
But sometimes I have them in my hand and I'm like, ah,
we're gonna jam with this.

Speaker 2 (55:25):
Is this a kinetic thing or a psychic thing or.

Speaker 4 (55:27):
I don't think so, It's just a feeling. It's like
I feel good about you six and four. I think
we're gonna go places. And a lot of times when
I when that happens.

Speaker 2 (55:37):
That happened six' four is. Good if it's your, Height oh, yeah.

Speaker 4 (55:41):
Well that's a.

Speaker 3 (55:42):
Dream that's not a good.

Speaker 2 (55:43):
Pair, no well it could.

Speaker 4 (55:46):
Be it comes through sometimes, THOUGH i mean a. LOT
i mean it really depends on How i'm feeling about
what's been happening at the, table how things have been.
Going IF i folded a bunch of times and Then i'm, like,
no this is the One i'm keeping, it and then
fate will come my.

Speaker 2 (56:02):
Way does it have anything to do with the hat
or boots that you're. Wearing, no, no it's not like
a lucky hat. Situation, no, no nothing like.

Speaker 4 (56:10):
That and then WHEN i turn my, cards when that,
happens AND i bet in because the cards turn my,
way people like you bet that on a six.

Speaker 2 (56:18):
And the flour.

Speaker 4 (56:20):
But THEN i.

Speaker 2 (56:20):
Win, yeah well there you. Go that's still some. Casino
that mortgage guy down casino tickets. Left you can come
and join the, party watch the watch the whole. Tournament
it's a. Scene it's a lot of. Fun don't miss.
It what else we GOT.

Speaker 4 (56:35):
Mj here's someone who SAYS i was thinking about doing
a refinance of my home to take out money to
remodel and update kitchens and bathrooms and. Roof we're now
both on social. Securities are only. Income we could take
money out of our four oh one k where we
have about seven hundred, thousand but we don't want to
take that take out one hundred k from. There can
we get a loan where we're just On Social? Security
we don't think we make enough to. Qualify with about

(56:57):
three thousand dollars a month, income the current house payment
is seventeen.

Speaker 2 (57:00):
Fifty three thousand dollars a month in total income between
them is what it sounds, like and the current house
payment is seventeen. Fifty so just with that house payment
there at around fifty percent of their. Income SO i
think they're. RIGHT i don't think you're going to qualify
for you, know a heelock or anything like, that unless you,

(57:21):
know Let's i've got a really high rate and we
could refinance. It but they are the only THING i
could think to maybe throw. Out there would be take
a look at whether a reverse mortgage could help, you
because it could get rid of the seventeen fIF not
all of, it, actually it could get rid of you,
know the principal and interest. Part you still pay your
taxes and, insurance so it could get rid of the
mortgage payment for you and potentially get you one hundred

(57:43):
thousand dollars or more or, less depending on what's what
the equity position is in your, Property so maybe maybe
that may be a way to do. It and, also
you're living on three thousand dollars a month income fixed.
Income taking out you, know even one thousand dollars of
that house payment every month is going to change what
you have to spend in which kind of. Liquidity they

(58:04):
have great, Savings so.

Speaker 4 (58:05):
YEAH i have seven hundred thousand in, there and, therefore you, know.

Speaker 2 (58:08):
Seven hundred thousand if that's got to last you the
rest of your. Life Maybe i'm guessing that's why they
don't want to jump in and take one seventh of
that right, now depending on their. Ages but if you're
over the age of sixty, two then we can talk
about a reverse. Mortgage go to the website That Mortgage.
Guide don hit me up, there we'll start a, conversation
see if that might work for. You you are listening
to The Home Loans radio. Show we'll be racked right

(58:29):
back for the final segment of.

Speaker 1 (58:30):
Today 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.

Speaker 3 (58:39):
Radio just like, that we must say.

Speaker 5 (58:42):
Goodbye if you have texted into seven seven zero three.
One we'll try to get to it and maybe next.
Week but you can also Email don at that mortgage
Guide don dot com and find him On instagram at
that mortgage Guide don dot. Com give her to the
dot com, though, yus It's.

Speaker 4 (59:00):
Instagram there you.

Speaker 2 (59:01):
Go you want to find out more info about The
Hometown heroes, program you can find that on My instagram,
too at that mortgage Guy don down in the link.
Tree you can get there and find out more about all.
That welcome back to the Show national Roller Coaster. Day,
YEAH i need To it's been a minute SINCE i
wrote a roller. COASTER i THINK i need to go do.

Speaker 4 (59:20):
IT i feel it, TOO i feel the. NEED i
have a special laugh that happens on a roller. Coaster
M it's like deep in my. GUTS i don't, know
but when the roller coaster is really, good this sound
comes out of me that doesn't come out any other.

Speaker 2 (59:31):
Time what does it sound?

Speaker 4 (59:32):
Like it sounds like it's like this, deep crazy laugh
That i'm, like where do you? Live that laugh lives
inside me and it only happens on a certain g.

Speaker 2 (59:44):
Force oh, well there you, Go so it's squeezed out
of you like toothpaste.

Speaker 4 (59:50):
Too every time it surprises, Me i'm, like, wow that's
just in you all the. Time and usually the people around, me,
right they're, like, okay you.

Speaker 2 (01:00:01):
Go people doing wellness. Checks the start of class was
interesting to me. Anyway but In Manatee, county a utility
crew that was doing groundwork accidentally unearthed an eleven thousand
year old giant ground sloth Claw, okay from the Species MEGAALONIX.

(01:00:22):
Jeffersoni that must have been fun to, find, yeah BUT
i was interested in the Name MEGALONIX. JEFFERSONI i did some.
Research turned Out Thomas jefferson named the genus of this
giant ground, Sloth so that was an interesting. Thing this
is a pretty rare fossil In, FLORIDA i. Said When
South America North america, joined these animals migrated up Through,

(01:00:44):
Texas mexico and into the. Southeast the largest ground. Sloths
this is the part the blow me away could. Weigh
guess how many thousands of pounds a giant ground sloth could?

Speaker 4 (01:00:55):
Weigh M, J i know how many pounds is a?
Tesla i'm going to say.

Speaker 2 (01:01:00):
Tesla is like five or six thousand, Pounds, okay four thousand,
yeah like a like a what is? It what is
a big elephant? WAY i don't.

Speaker 3 (01:01:10):
KNOW i got research is on it with.

Speaker 2 (01:01:13):
A big old elephant. WAY i think they weighed like
what ten thousand pounds maybe, anyway a giant ground.

Speaker 5 (01:01:19):
Sloth they Weigh asian eighty eight hundred, Pounds african bush
elephant thirteen, Thousand african forest elephants six thousand to thirteen, thousand.

Speaker 2 (01:01:27):
So the giant ground sloth comes in in that. Range
they weigh up to eight thousand. Pounds, wow they think
and and could stand on their back feet and were
when they stood, up they were over thirteen feet.

Speaker 4 (01:01:38):
Tall that's terrifying at the head care if they are,
sleepy that's.

Speaker 2 (01:01:41):
Scary well they're not around. Anymore eleven thousand year old
fossil they, found but when they showed it was it
was it was. Big it was, like you, know, wow
five six inch long. Claw, ANYWAY i thought that was
interesting and probably no one, Else.

Speaker 4 (01:01:56):
Jason, Says good, Morning mortgage talk show. Friends jason check
in From, Daytona stock And booze have a safe and
fun night to. NIGHT i live Beachside Daytona, beach or
so let's hope we don't get a hundred foot.

Speaker 2 (01:02:06):
Waves, yeah let's hope, not BECAUSE i.

Speaker 4 (01:02:08):
Don't think that home prices values would go up if
the homes are underwater, Literally oh.

Speaker 2 (01:02:13):
Boy yeah, yeah and you'd have to do a lot of. Restocking. Yeah,
yeah let's hope we. DON'T i, mean that would be
pretty traumatic for a one hundred foot wave to hit our.

Speaker 4 (01:02:23):
Coast oh my, GOODNESS i can't Even, yeah i'd be. Terrifying.

Speaker 3 (01:02:26):
Yeah how how far with that water?

Speaker 2 (01:02:28):
Travel, GOSH i don't, know but hopefully we don't find.

Speaker 4 (01:02:32):
Out, yeah let's not do.

Speaker 2 (01:02:33):
That guess what time it?

Speaker 4 (01:02:35):
Is, okay time for the Speed it's.

Speaker 2 (01:02:37):
Time for the speed. Round.

Speaker 4 (01:02:39):
Yeah i'm gonna ask you much questions some that are
here that we haven't been able to answer from the,
folks and you will answer them so. Quick that's.

Speaker 2 (01:02:47):
Right we're going to try and get to you all
the questions we haven't gotten to so. Far IF i
don't get to, yours, though it doesn't MEAN i didn't
want to. Do go to the website Or instagram AND
dm me or send me a message And i'll answer.
Them outside the.

Speaker 4 (01:02:57):
Show my grandparents are in need of, money so they're
doing a reverse, mortgage but do you have any other
other options as we want to keep the house in the.

Speaker 2 (01:03:04):
Family, WELL i, mean someone doing a reverse mortgage doesn't
mean that you can't keep the house in the. Family
it just it's like if if they had a frontwards
mortgage on, it you, know and you get the, house
you have to determine what to do with. It the
mortgage that's on. It it's not in your, name you,
know probate will move it into your. Name but a
lot of times when people inherit a, house they're either
figured trying to figure out how to refinance it and

(01:03:26):
we help a lot with, that or or you can sell,
it but they want to keep it in the. Family
so there are ways to do, it and typically you
have up to a year after the person that has
the reverse mortgages can't live in the property anymore to
work that. Out but also the amount that is owed
on it can never be more than the value of the,
property so you should be able to do a refinance

(01:03:46):
and switch it back from a regular you, know to
a regular mortgage instead of a.

Speaker 4 (01:03:50):
Reverse just one of you has to qualify for a.
Mortgage somebody's got to qualify.

Speaker 2 (01:03:53):
You are family, members or you with co signers or You. Yeah,
yeah but it doesn't mean automatically that it leaves the.
Family it just means it has a mortgage on. It
there's forward mortgages and reverse.

Speaker 4 (01:04:04):
MORTGAGES i would like to buy a home within the
next five, years But i'm currently paying off credit card.
Debt i'm considering a debt management, plan not a debt consolidation.
Plan would that prevent me from getting a mortgage in
that five year? Timeframe or is my credit score the
main thing that has looked at for mortgage. APPROVAL i
didn't ask it, fast but you can answer it.

Speaker 2 (01:04:22):
Fast. Yeah debt consolidation programs you have to be really
careful about. Them they make. Money they're you, know they're
typically a for profit type, business so somewhere in there
they're making some, money either on the interest or what have.
You so you need to do your homework on that
if that's the best way for you to get your
debt load. Down one of the main things we look
at is, score of, course but we also look at

(01:04:43):
your debt, ratio meaning so if you've got you, know
ten credit cards that are have twenty five thousand dollars
in debt and you consolidate that into one credit card
that has twenty five thousand in, debt you still have
the same amount of, debt so your debt ratio is
not really going to. Change you, know your payment may
go down and if you reduce. Interest but it's really
a big math, problem AND i would, say let me

(01:05:04):
help you with. It you, know if you want to
do a pre, approval let me let me work on
that with you and we can kind of figure things.

Speaker 4 (01:05:09):
Out because they want to they want to buy a
home in the next five, years so you can help
them with a, plan, yeah to help them get.

Speaker 2 (01:05:15):
THERE i do it all the time with first time home.
Buyers we'll look at you, know you do the pre,
Approval we'll look at your scenario AND i give People
i'll tell, you, okay you're ready. Now Or i'll, say
you know what you need to do some. Work do
this over the next three, months or do this over
the next twelve. Months Or i've worked with people for
up to two years before they you, know actually a
little over two years in one case where you, know
they took them a while to get, ready but then
then they were able to.

Speaker 4 (01:05:35):
Buy IF i refinance, alone on my. Home does that
cause the county property appraiser to reassess my?

Speaker 2 (01:05:41):
Taxes, no it. Shouldn't typically the houses are In florida
are reassessed when it's a, purchase but not in a.
Refinance here's the, riddle riddle time are you?

Speaker 4 (01:05:52):
Ready real?

Speaker 3 (01:05:53):
Time all?

Speaker 4 (01:05:53):
Right what is a question you can never get an answer?
To what is a question you can never get a
yes answer? To what is a question you can never
get a yes answer?

Speaker 2 (01:06:06):
To? Oh, boy is the earth?

Speaker 4 (01:06:13):
Flat you want to? Question you want to say, no
not just a wrong, answer but you just can't get an.
Answer you can't get a yes, answer.

Speaker 2 (01:06:19):
Can't get an affirmative.

Speaker 3 (01:06:20):
Answer, yeah the opposite of.

Speaker 4 (01:06:22):
Yes m. Hm so let me give you close.

Speaker 2 (01:06:26):
Close are you? Asleep?

Speaker 4 (01:06:31):
Yep are you? Asleep are you? Asleep?

Speaker 2 (01:06:34):
Right because if you answer you, asleep you're not. Asleep
there's a tricky, One i'm.

Speaker 4 (01:06:39):
Jay it's kind of like.

Speaker 5 (01:06:40):
Those videos of parents bringing in their sleeping child and they're, like,
wait hold, on if she's really, sleeping then her arm
will stay.

Speaker 3 (01:06:46):
Up if you, up all, right let's bring it.

Speaker 2 (01:06:51):
IN i had seen, that but that's. Hilarious i've seen
the one where you pretend to, sleep and you know
your arm is supposed to drop and hit yours in
the face if you're you're a sleep or. Unconscious but, anyway, well,
folks you did. It you did you successfully wiled away
another ninety minutes of your weekend listening to us right
Here Real radio one oh four point. One we'll see
you tonight at the poker tournament if you're going to

(01:07:12):
play us out of here with something fun for.

Speaker 4 (01:07:14):
Us, hey jes, crazy.

Speaker 1 (01:07:36):
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.

Speaker 2 (01:07:46):
Com