The Home Loans Radio 04.12.2025 with That Mortgage Guy Don- Just call Moe celebrity Bowling Tournament for Charity Today!!

The Home Loans Radio 04.12.2025 with That Mortgage Guy Don- Just call Moe clebrity Bowling Tournament for Charity Today!!

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. I'm here with my crew.
Good morning, Mjay, Good morning, Good morning, mister Fritz.

Speaker 3 (00:29):
So you started.

Speaker 2 (00:32):
Oh yeah, got a little chill in the air out there?

Speaker 4 (00:35):
Are they?

Speaker 2 (00:35):
What's going on with that? Oh?

Speaker 5 (00:37):
It's the It's called the Masters.

Speaker 3 (00:40):
The Masters, Yeah, the masters who control the weather.

Speaker 5 (00:44):
No, the you know golf golfer. Yeah, yeah, yeah, they.

Speaker 2 (00:47):
Control the weather. You were referring to the golf tournament
at Augusta. Yes, how is that making it cold green?

Speaker 3 (00:56):
Oh?

Speaker 5 (00:57):
I don't know. I just hear that they have a
dollar fifty pimento cheese, which is.

Speaker 6 (01:01):
A dollar fifty.

Speaker 2 (01:02):
Yeah.

Speaker 5 (01:02):
Wow, that's a bargain. That's apparently.

Speaker 6 (01:05):
That seems very affordable for Augusta treat.

Speaker 2 (01:08):
Well, I've been to a golf tournament before, and uh,
there were no dollar fifty sandwiches when I were there.
What no, it was, I was. I've been to the
bay Hill Tournament a few times and that's there were
maybe ten dollars and fifty cent But maybe a gust
is trying to do a different thing.

Speaker 5 (01:24):
Yeah, apparently it's tradition. I heard on the NPR.

Speaker 2 (01:27):
Oh, we'll see the more you learn more, you know. Yeah,
woke up a fifty seven degrees outside, Like, what the
heck is going on Florida? I don't know. I don't
even try and figure it out anymore.

Speaker 5 (01:38):
It's those damn tariffs done, terriffs.

Speaker 2 (01:42):
We got tariffs on on spring acting the weather. Oh,
the tariffs.

Speaker 5 (01:48):
Yeah, tariffs.

Speaker 6 (01:49):
That's so weird. We've never said that in our lives,
Like the tarffs.

Speaker 2 (01:52):
There are probably more people in the United States either looking, hearing,
or saying the word tariff than I would bet have
happened since I don't know time seventeen seventy six.

Speaker 3 (02:03):
Maybe it's not a word that you grew up hearing about.

Speaker 2 (02:06):
Oh boy, anyway, Yeah, that's putting. It's relevant news really
for the world of mortgages, because what's happening is our
people are selling their US Treasury bonds and massive numbers
there's even suspicion that China is systematically selling off its
treasury bonds, which they hold about thirty percent of their
holdings are held in the US, so that's making the

(02:29):
bond they're calling it tanking on the news. But what
it means is that people are selling their bonds, they're
selling their investment in the US, and it also affects
the strength of the US dollar. The US dollar figure
has been following over the last few days. But the
way it's you know, let's talk about me, the way
it's happening, the way it's affecting us and all of
you listening, if you if you have a house or

(02:50):
want a house, or a mortgage or helock or something
like that, is that it an it has the propensity
to push mortgage rates up when bonds sell off. So
we had a wild mister Toad's rye in, you know,
mortgage rates this week, starting out pretty good in the
beginning of the week and getting a really no bueno
by Thursday, and then coming back some on Friday. It's
just been a quite a roller coaster. A lot to

(03:13):
see what happens. I mean, some of the tariffs to me,
I don't understand, once you get over one hundred percent,
one hundred and twenty five percent, it makes the goods
almost not worth purchasing. You know, people aren't going to
pay two and you know two and a half, three,
three and a half times for something. So once you
get the tariffs over a certain point, it's just it's
not doing anything else. It's affecting the bond market, though,
when people are selling. It used to be up until

(03:36):
this I'd say this past week, it used to be
that people when they were worried about stocks, worried about
other things, they would take their money out and put
it into the ten year treasury bonds as a safe haven,
so to speak. It was considered a safe, you know,
sound and investment. But that has been changing some this week.
People have been taking their money out of the bonds
and moving it to other things. So we'll see how

(03:57):
it affects the rates. But as of now, you know,
we're still in the If you you can, you can qualify,
if you're well qualified, you can get a rate in
the mid to low sixes on a thirty year loan
on f ah loans done into the fives. Still, i'd
like to see it a little bit better. It'll keep
it'll keep improving. We'll see what's going to happen. What's so,
what do you got? What else do we talk about here? MJ?
What do you got? Cooking? Bullying, bowling, bullying. I was

(04:21):
hoping you'd say that today's the day. We've been talking
about it for weeks.

Speaker 6 (04:25):
Ye all strikes, no guttis.

Speaker 2 (04:27):
I'm pretty sure you're going to get some gutters. That
is a bet. I would make give me my hard
Rock Live app see if they got MJ anything. I
don't know if we can bend on the celebrity just
called mo Celebrity Bowling Tournament that's happening today at the
o Vito Bowling Alley. But if you don't have your tickets,

(04:48):
you you can't come. Well you could come, you could
park outside, but sold out. That just sold out. No,
not even any ticket selling at the door from from
my last information. So if you if you got your
tickets secure, congratulations you did it. You're going to be
part of the posh party people at the Ovito Bowling Alley,
playing pinball, doing all the things, hanging out.

Speaker 3 (05:08):
I don't think of posh and bowling together. Well then
that would be a fun formal party people and.

Speaker 2 (05:15):
You didn't grow up? How I did?

Speaker 6 (05:16):
Oh was the special place?

Speaker 2 (05:21):
Well on your birthday?

Speaker 5 (05:22):
Okay, all night man? That cosmic bowling, Get out of here.

Speaker 2 (05:26):
Cosmic bowling.

Speaker 6 (05:28):
That was like night time bowling with and the dark balls?

Speaker 2 (05:31):
What made it? Cosmic black lights? Yeah, that was easy, a.

Speaker 5 (05:36):
Whole bunch of black lights. Yeah, pretty cool. Then you track,
how come we haven't seen a lot of black lights lately?

Speaker 2 (05:43):
It's because the Infinite Mushroom went out of business. Oh
what was the other place? What was that place in
the mall that you could go get all the weird stuff?

Speaker 5 (05:51):
Spencers?

Speaker 2 (05:52):
Spencer's.

Speaker 5 (05:53):
Yeah, back in the.

Speaker 2 (05:55):
Day, remember the mall? Remember that place you could go back.

Speaker 3 (05:57):
To the day. Just walked on and there were all
these web stores everywhere, but they were real.

Speaker 6 (06:04):
You could walk inside.

Speaker 2 (06:05):
Yeah.

Speaker 5 (06:05):
For those that don't know, think of like you walk
into one building, right and each each shop it looks
like maybe like a school classroom, if that's something you
can relate to. You walk in and it's an Apple,
you know, Apple phone store. You walk next door and
it's a goth store where they charge overpriced merch shirts.

(06:28):
How much are goths goths?

Speaker 2 (06:30):
Oh?

Speaker 5 (06:30):
God? I mean they can range from a dollar fifty
like a pimenta cheese sandwich, it's around fifty five dollars.
That's a and then around that corner they sell a
golden diamond for inflated prices. It was great, it's and
then chicklay in the food court.

Speaker 2 (06:46):
There you go. I think that's a very good explanation.

Speaker 5 (06:49):
Thank you.

Speaker 6 (06:50):
All right, How did it?

Speaker 2 (06:51):
How's it come to this? I don't know.

Speaker 3 (06:55):
Was it in the before times when you had to
drive across down to buy something?

Speaker 2 (07:00):
Before times, you had a little downtown that was just
like the mall that Jeff was talking about, like you
had one store that shoes. But now, I don't know,
we're gonna see what happens if we're not getting goods
from China anymore. And I don't know what's going to
be in the in the walmart on the shelves. You
know they're gonna to find something to put in there.
But anyway, interesting, it is going to be interesting. That's folk.

(07:23):
Sure you're listening to the Home Loans radio show. Why,
I don't know, but you could participate. You could text
into seven seven zero three one anytime during the show
and Jay you'll see it on the board there, you know,
tell us what, tell her what you're doing out there,
tell you where we're going. Tell us if you're excited
about going to the just call most Celebrity Bowling tournament
hanging out with us to tell me.

Speaker 6 (07:43):
What you're excited about. Whatever that is. I want to
hear about it.

Speaker 2 (07:47):
There you go. What's You can text in your questions
to seven seven zero three one. Anything having to do
with anything really, But I'm a mortgage expert, So if
you want to ask about that, you're in luck. I mean,
I'm in here today texting a seven seven zero three one.
You can also go to the website that Mortgage Guide
don to do all the things that mortgage people want
to do, like apply for pre approval to buy a house,

(08:10):
or apply for a refinance to get your your rate
down a little bit, or do a cash out loan
or a heelonk or a reverse or any of the
questions that you have you can find out at the
website that Mortgage Guide don dot com. You can also
follow us on Instagram at that Mortgage Guide Don. And
that's how we do it. Textra questions in. It looks
like we got a couple popping up there already, MJ.

Speaker 3 (08:32):
Hopping, popping, popping, It's popping places popping.

Speaker 2 (08:36):
People ready, People are ready to go bowling.

Speaker 3 (08:38):
People have been sitting on these mortgage questions all week
thinking is it time?

Speaker 2 (08:41):
Is it? Time?

Speaker 6 (08:41):
Is a time? It's like Christmas morning?

Speaker 2 (08:43):
Who are you most excited to? Uh? You know, rub
shoulders with at the celebrity charity bowling Tournament.

Speaker 3 (08:49):
I don't know.

Speaker 6 (08:50):
I don't know who's going to be there.

Speaker 2 (08:52):
Who's gonna be there?

Speaker 6 (08:53):
I don't know Beyonce.

Speaker 2 (08:56):
Beyonce will be there, yes, allegedly.

Speaker 3 (08:58):
I'm super excited about that.

Speaker 2 (09:00):
Yuh. Who else is Shirley's there on it's going to
be there.

Speaker 5 (09:05):
Lisa from Black Pink will be.

Speaker 2 (09:06):
There, Oh yeah, for sure? Who else?

Speaker 5 (09:10):
I don't even know if she's in Black Pink.

Speaker 2 (09:12):
I don't even know what Black Pink is. Well, I'm here.

Speaker 5 (09:14):
For yep, Lisa is. She's the main dancer in Black Pink.

Speaker 2 (09:20):
All right, all right, they're all they're they're people from
real radio. You know that you got your Ryan Holmes's,
you got your Ross Pagets, you got your your Sabrina going.
I don't know if she is.

Speaker 3 (09:32):
We got to I heard Sabrina on The Bradshaw Show.
On the show, Sorry I got I got mixed up.

Speaker 2 (09:43):
The Jack and Jim Show. Yeah, yeah, I've heard her
on there. I think she must be filling in for Jack.
Is he out?

Speaker 5 (09:51):
Yeah, I don't know it was.

Speaker 2 (09:53):
I haven't heard it in the last couple of days,
but I did hear her talking the other day on
The Colbert Show. Yeah. Anyway, it's gonna be a lot
of fun local TV newscasters, people from you know, all
the people from Orlando. It's going to be fun cool.
If you don't know, it's too late.

Speaker 6 (10:09):
Better ask somebody.

Speaker 2 (10:10):
Yeah, right, I did.

Speaker 6 (10:11):
Didn't get any information.

Speaker 2 (10:13):
Yep, not in the last twelve weeks. I've been talking
about it.

Speaker 6 (10:17):
No, I'm very excited about It's going to be fun.

Speaker 2 (10:19):
Yep. It was a blast last year and we raised
a ton of money for a really great charity, and
it's going to be fun.

Speaker 6 (10:24):
Here's a question.

Speaker 3 (10:24):
Do you work with people with six ten scores? I'm
trying to find someone that could help my daughter learn
how to buy her first home.

Speaker 2 (10:31):
Absolutely. Yeah. We do a lot with first time home
buyers and credit score wise.

Speaker 6 (10:35):
You know, how about is that not great? I'm terrible.

Speaker 2 (10:39):
I don't know. You want me to six' ten is. Doable,
yeah it's a doable, score is WHAT i would. Call
it is NOT i, mean anything over seven forty is
going to be a great. Score but ON facha loans
we could go down to a five eighty score if
they if you're putting down three and a half, percent
which is the minimum you can put down on AN
fa chase purchase for a, house and if you have

(11:01):
ten percent to put, down you can go all the
way down to a five hundred. Score so, yeah six'
ten is not a. DIFFICULT score i MEAN it's i
wouldn't any. Score difficult it's just it's not, the best
but it's. Certainly doable we, have many many people THAT
use fha loans and. Buy homes it's a very typical
first time home buyer scenario where, you know you you
come out of those twenties and thirties where you're figuring
out how to use credit and sometimes you might have

(11:25):
made a, boo boo and, you know your credit scores
working its way back up towards those seven hundreds that
you get, you know you get. To later but and
not everybody is, some people, but yeah if you've got
a score in the low, six hundreds we can definitely work.
With that the way that you get started is to
go to the website that mortgage guide don. Dot com
you hit the button that, says apply and you start
the a application for the. Pre approval what we're going

(11:46):
to do on our side is do a soft credit
report that makes it so that it doesn't hit, your
scores that it doesn't cause a, hard inquiry it doesn't
make your score, go down but it gives us the
information that we need to figure out if, you're preapproved
and to check all the first time home buyer type
programs and the down payment assistance programs and see if

(12:07):
you're eligible. For those and we go through, all that
collect your, income documents and then if at, the end
if all, is well we isssue you a pre approval letter, that,
says hey you're eligible to get a mortgage up to
four hundred and forty two, thousand dollars and we talked
to you about. The payment we figure out what the
what the rate may, look like and. That's it then
you connect with a buyer's agent and off you go

(12:28):
on your home shopping journey and you can do all.
Of that you can get started on all of that
at the website that mortgage guy don. Dot com that's a.
Great question thanks for texting that into seven seven zero three.

Speaker 1 (12:39):
To.

Speaker 2 (12:39):
One, Hello, HELLO.

Speaker 3 (12:42):
Hello i bought my house and property from my stepmom
a year ago. In cash. OH nice i know it's
a desperate need of. Some repairs we got it for
one hundred AND fifty k and used up all of
our reserves just to. Buy it it should have praise
for about. Three HUNDRED would i be able to get
any kind of refinance to get some of our reserves
back and to do? Some repair great credit and. Stable
jobs so many people work in the stable.

Speaker 2 (13:04):
Stable jobs there must be out Like in chilioto somewhere see? Them?
Right well it could, be goats could be could. Be,
lambs yeah?

Speaker 5 (13:15):
What else lives on? A? Farm?

Speaker 2 (13:17):
Done sheep? What else what? Sheep does what send does the?
SHEEP make i don't know what's happening. Right now that's an, EXCELLENT.
Question mj and fine job teasing that for the for the.
Next segment but we're gonna have to take a. Quick
break i'll be right back after. This, Message, hey, hey

(13:39):
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(14:23):
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seven six. One, three hey.

Speaker 5 (14:38):
This Is debra roberts From The Jim, culbert show and
you're Listening To Home loans Radio On. Real radio now
back to the show with that. Mortgage Guy don.

Speaker 3 (14:49):
Thank you for checking In With Home, loans radio where
we talk. About mortgages it's what. We do we talk,
about mortgages and so.

Speaker 6 (14:56):
Should you so thanks for.

Speaker 5 (14:57):
Checking in, all right let's.

Speaker 2 (14:59):
Do it welcome back. Mortgage talk how About Those.

Speaker 5 (15:03):
Florida gators how About those Florida gate did it on a?

Speaker 2 (15:06):
Golf course, oh, no no not that kind. Of gator.

Speaker 3 (15:13):
It's. Mating season you're supposed to be careful about the
gators when mating.

Speaker 5 (15:17):
With gators oh the gators are?

Speaker 6 (15:19):
They are they are gone.

Speaker 2 (15:20):
To courting, oh yeah they're aggressive.

Speaker 3 (15:21):
This story they're going to court and so you gotta
give the gators a. Wide berth that's not what you were,
talking about though we could, Be, okay.

Speaker 2 (15:28):
No it's talking about the, you Know The, florida Gators
The March Madness Basketball tournament. Men's Championship. Florida gators, no
nothing they.

Speaker 5 (15:39):
Did, it yeah. They won.

Speaker 2 (15:42):
That's amazing they did in a last second scramble on
the court as you would call it to win. The game,
but yeah that. Was something that's.

Speaker 6 (15:50):
How were, they seated?

Speaker 2 (15:50):
Didn't they oh They were. CINDERELLA story i don't think
they were expected To, be uh they. Weren't expected. THEY
weren't i don't know how many people bet on to
win that didn't Live. In gainesville, but uh you know
it's they. Did good they're they're. They're famous, that's amazing.

Speaker 3 (16:04):
Very exciting it's my favorite kind, of basketball the.

Speaker 2 (16:07):
One where it's all decided in a scrum at the
end and your. Team. Wins, yeah, yeah yeah it's.

Speaker 6 (16:12):
So exciting, it's like oh that that half court. Ball
shot it's LIKE everyone's.

Speaker 2 (16:19):
I remember going To One orlando magic Game On christmas
day and it was like a. BIG game, I came
i think We're playing boston or, somebody big, you know
big rival at, And yeahho turculeu hits a three point
shot at the buzzer On The christmas day game ON,
national tv and the place. Goes NUTS like i felt
like you could hear the feel the whole building move

(16:41):
when you know when when that shot. Went in that's
a lot of fun when you win. That way the
other team not. So much kind of a.

Speaker 6 (16:48):
Bummer when you lose that way in.

Speaker 3 (16:50):
The arena that's, very quiet.

Speaker 2 (16:52):
Like like or the, sad dad is what yours do?

Speaker 5 (17:06):
For it what if you were, got like, you know
bullied the hell out of, that guy just let him.

Speaker 3 (17:12):
Be man what if you got like anti depressing drugs
and all of a sudden you, was.

Speaker 2 (17:16):
Like, HEY chatty i think you're. Onto something and, YOU
know i Think that i've heard that that ip you
know is is you can Write about winnie the poop.

Speaker 5 (17:28):
Now turns into an, anti vaxxer a flat earth or. Anti,
vaxxer yeah just wrong. About everything that's what. He said starts.

Speaker 6 (17:37):
A podcast.

Speaker 2 (17:39):
I. Like it well we're just. Spitting, ideas yeah there, you.
Go borderline, it's like come on you well then there.
You go.

Speaker 5 (17:50):
You can't see those things on.

Speaker 2 (17:51):
The podcast someone just corrected me to say That the
gators were the number. One SEEDS so i thought they were.

Speaker 3 (17:56):
NUMBER one i didn't want to, All Right So, Cinderella story.

Speaker 5 (18:01):
Cinderella, right right?

Speaker 6 (18:03):
RIGHT right i.

Speaker 2 (18:04):
Did Hear wicked. Stepsister, storm yeah there.

Speaker 6 (18:07):
You go it was a.

Speaker 5 (18:09):
WINNER winning i just hope they. HAD fun.

Speaker 6 (18:14):
I hope everybody got a trophy because they all.

Speaker 2 (18:16):
Played well i'm pretty sure they did. Well done? What's uh?
You said thanks for? Checking in who's? Checking in tell us?

Speaker 3 (18:26):
The, story oh whoever's, checking in they're doing it without,
texting me so.

Speaker 6 (18:31):
Text, me oh tell me?

Speaker 2 (18:32):
What's up but you had teased the question right before.
The break let's jump back to that and give a.

Speaker 3 (18:39):
Real, ANSWER hello i bought my house and property for
my stepmomm a year. Ago cash it's in desperate need of.
Some repairs we got it for one hundred AND fifty
k and used up all of our reserves just to.
Buy it it should have praised for. Three HUNDRED would
i be able to get any kind of refinancing some
of our reserves back and do? Some repairs, good credit
stable jobs.

Speaker 2 (18:57):
And congratulations. That's nice it's nice of your family member
to sell you a house for one hundred and fifty
that's worth. Three hundred that's always a nice thing to do. For,
somebody yeah and that's kind of the case where it's
definitely worth it to stretch and use your cash to
get into. That house but the good news is if
you've got, you know if. You qualify of course we
got we got to check. Your qualifications you got to have.
Some income we got to look at the debt ratios

(19:19):
jobs and they got stable jobs working. In stables they got,
good credit so it sounds like you should be able
to Do a there's probably three or four different ways
we could look at, doing it depending on how much
money you need and whether you need it all at
once or whether you, need it, you know bit. By
bit we could look at doing a home equity line,
of credit which allows you to just have a line to.
Draw from you have an initial draw of, fifty thousand

(19:42):
and then, after that let's say you do a line
of one hundred and. Fifty thousand then you could use
that to do the repairs and. So forth but they
also want to get some of their, cash back so
you can do that with. A helock but probably since
the house is free and clear with, NO mortgage i think,
the winner the one that's going to have the best
rate and, lowest payment is probably going to be looking
at a fixed rate cash, out loan and you can

(20:02):
go up to eighty percent of the value on that
on a. Conventional loan so if it's worth, three hundred
that would mean a loan amount of around two forty
would be the maximum on a. Conventional LOAN so i
don't know if you want to take that, much out
but you. Certainly could how do you, do, it well simple.
As pie you go to that mortgage guide none. Dot
com you go to the button at the top that,
Says apply you click the button that. Says refinance you fill.

(20:24):
It out, monday morning we get you, a quote you
decide if you like it, or not and then we go.
From there no hard. CREDIT pulls, i, mean ultimately if
we submit the loan, to underwriting they will we need
to do a hard. Credit pull but to figure, it
out to find out all the numbers to get, THE
quote i only do a soft. CREDIT report i don't
Know many landers that do that because it actually would
costs more to do it, that way because then we

(20:45):
end up doing paying for two credit reports along. The
way but, FOR me i think it's more valuable to
do that soft, credit poll figure everything out before you get,
the inquiry before you get. THE hit i think it's
the best thing to do for. The consumer there's actually
another part. Of that it's a. Great question thanks for
texting that into seven seven zero. Three one so another
thing that just came up this legislation is Back that

(21:07):
I'm that i'm happy about this one about. Trigger LEADS
if i told you what trigger, leads, Are yeah FRITZ
and mj no. Trigger lea it's like, WHEN you i
don't know if you remember when you when you were
doing your mortgage on, Your house frits that when they
did the hard, credit pool all of, a sudden your
phone will. Blow up you'll get called by forty fifty
one hundred telemarketers that are working for different mortgage companies across.

(21:31):
The country and why Is that people, always like what did?
You do did you sell? My, information, LIKE no i
didn't all. My, competitors yeah to all. My competitors but.
Guess what guess who does sell. Your information it's currently
legally allowed to sell. Your information if you get your
credit pulled for the the for a mortgage to buy
a house or to refinance, a House, Then, Equifax experience

(21:52):
TransUnion can sell those leads that sell the information that
you've done a mortgage credit Poll to all these companies
buy these leads and then in the industry they're called.
Triggered leads they're triggered by somebody getting their. Credit pulled
and then, you know big Companies like national companies have
staffs of telemarketers that they pay to call on everybody
else who's looking into. His head they're, credit Pulled and

(22:15):
i've always thought it was kind of a it should
be the, other way you should have to, Opt in
but apparently the way that they have the rules, written
now so you've all you've already opted in and you
have to. Opt out so, that's like we have to
opt out so we don't want to. Be telemarketed we
have to be opt out so we don't want to. Be,
solicited well this legislation got. Introduced again it's been introduced

(22:35):
three years in a row and has not made. It
anywhere but hopefully this year will be the year to
make it so that they can't just sell those leads
like when you, pull credit that they don't automatically have
the right to tell everybody else that you are shopping
for a mortgage so your phone. Blows up so if
you hear about, THAT legislation i think you should. Support
it it's endorsed by just. ABOUT everybody, i mean nobody

(22:57):
wants to get blown up by telemarketers just because you
your credit check for. A mortgage, i mean that just doesn't. Seem,
fair right. It's rude it. Is rude.

Speaker 6 (23:04):
It's rude do you think a friend is calling you
that you just have it didn't have on your phone
for some reason and it's not THAT.

Speaker 2 (23:10):
Isn't i have a lot of friends calling? That WAY
THEN i I bet i get thirty random calls a
day from.

Speaker 3 (23:17):
DIFFERENT friend i always. Think potential, it's, like oh this call,
has potential it could be.

Speaker 5 (23:22):
A friend this, Potential spam and.

Speaker 2 (23:26):
That is that why? You answer is that why you answer?
Your phone can we? Be? Friends, like? Hey hey and
you know that's one of the best ways to answer
because they'll probably. Hang, Up, right yeah that's.

Speaker 6 (23:38):
That's fair it has potential spam, to, say hey can we?

Speaker 2 (23:41):
BE friends i had a cousin. He's passed he passed,
Last year god, Bless. Him jerry but when telemarketers, would
call he'd love picking up. The phone he would always
yell into, The phone, I'M naked i, like cheese and,
he said they would hang up, and uh, go figure there.

Speaker 6 (23:57):
You go do you think some people are schooling us
on more madness?

Speaker 2 (24:00):
And basketball, I'm wait i'm here. For it the teams in.

Speaker 6 (24:04):
The final four were number.

Speaker 2 (24:05):
One seeds you can't all be number? One, seats wait
there's all.

Speaker 5 (24:08):
Four teams in the final.

Speaker 3 (24:10):
Final four, it.

Speaker 2 (24:11):
Says you can't all be number one seeds in the.
FINAL four, i.

Speaker 6 (24:14):
See maybe there were number one seeds in.

Speaker 5 (24:16):
Their division maybe how many divisions are there four?

Speaker 4 (24:19):
Same?

Speaker 6 (24:20):
Seeds like maybe? There's four, all RIGHT.

Speaker 5 (24:23):
Now i have more questions we.

Speaker 6 (24:25):
Don't, understand yeah there.

Speaker 2 (24:27):
YOU go i got A friend i need to bring in.
FOR this i NEED to i need to Bring In,
joey wright he knows all. This stuff call them up
for an hour and. A half now the show will
be over before for the first before the. Tip off
my suspicion.

Speaker 3 (24:41):
Is that people understand it even more now that everyone
can bet.

Speaker 6 (24:44):
On everything.

Speaker 3 (24:44):
THAT'S crazy, i think, you know maybe it, was fun
but now it's like a whole new Level of.

Speaker 2 (24:50):
I'd be curious. TO see, i mean just how much
MONEY was i know it was supposed to be billions
or maybe even more bet on. Those games, but, yeah anyway.
It's over the march madness is overybody can relax till
next year and we there you, go.

Speaker 3 (25:05):
Here, SOMEBODY, says Yo typical, saturday morning working out in,
the shed looking at my pool thank you. Mortgage guy
down here, you go somebody who got a pool because
they got a.

Speaker 2 (25:15):
Mortgage working out in. The shed it's nice, Out, today
man try That. In august you're gonna.

Speaker 5 (25:20):
Be you gonna want to get in. The pools get
in the pool and swim.

Speaker 2 (25:25):
Work.

Speaker 6 (25:25):
Out, Yeah, yeah, Like man i'm.

Speaker 5 (25:27):
So strong you're curling one hundred?

Speaker 2 (25:29):
Pounds weights are you? Watching them is that?

Speaker 6 (25:33):
Easier underwater can he do the? WEIGHTS underwater i, don't know.

Speaker 2 (25:37):
Maybe not, you can. It's, easier okay the.

Speaker 6 (25:40):
Schooling continues there are four, DIFFERENT conferences.

Speaker 2 (25:42):
I know thank you. For explaining, but yeah you're listening
To The Home loans. Radio show we'll be right back
for the second segment, OF today i mean. The third, Your,
text Hey it's ryan for. The monsters do you have
a question for? That?

Speaker 5 (25:58):
Mortgage god don's text him at up seven zero three.
To one now Back To Home loans radio On.

Speaker 2 (26:03):
Real, radio.

Speaker 5 (26:06):
Yeah. That's right we're riding the roller coaster of life
Here On Home. Loans radio if you have a question
about buying, a home selling, a, home refinancing all of
that great great stuff that nobody ever tells you except.
For us you just texted in seven seven zero, three
one We GOT don MJ and I. Am, fritz yes

(26:32):
no one ever tells you about this kind, of stuff, you, Know.

Speaker 2 (26:34):
Right they don't tell you how to write. A, check
oh it's because nobody writes. Checks anymore. You don't, you
know you want to know how to, Do mortgage all
you have to do is tune into Us every saturday
live right Here On real radio one or four, point
one doing our things.

Speaker 5 (26:49):
Instead of trying to figure it OUT chat gbt giving
you the. Wrong, answer YEAH chat gbt is not.

Speaker 2 (26:55):
Always right i'm kind of getting annoyed WITH the, ai
overviews you.

Speaker 5 (27:00):
KNOW what i, you know what grinds my? Gears done what?

Speaker 2 (27:03):
Is it what? IS it i, WOKE up i.

Speaker 5 (27:05):
Watched A complete unknown for the first time, yesterday movie
AND then i woke UP and i wanted To hear
My back Pages By. Bob DYLAN so i Told, MY alexa,
i said play My back Pages By bob Dylan. On
spotify it starts Playing the. Birds, VERSION, Alexa, a.

Speaker 2 (27:27):
YEAH. It's u i've gotten, to where, you Know you
google search something now and the first big thing that
comes up IS an. Ai OVERVIEW and i have been,
you KNOW like i searched things that have to do
with mortgages, sometimes too and you need.

Speaker 6 (27:39):
Specific information and.

Speaker 2 (27:40):
It's wrong. It's wrong it's dead wrong half, the time
and it and it. Contradicts itself it'll say this is how,
it's done but in some cases it's done exactly, the
opposite and then it'll tell you how. That works it's
like that.

Speaker 3 (27:51):
Happened to, me RECENTLY and i don't remember what, it
was BUT the i was reading it not realizing that's what,
it Was and, i'm, like well this.

Speaker 6 (27:57):
Is wrong who put? This IN and, I, realized Oh.

Speaker 5 (27:59):
It's, ai yeah.

Speaker 2 (28:00):
So You gotta i'm automatically scrolling past THE first i
used to scroll past the. Sponsored ONES now i gotta
SCROLL past ai and scroll, past everything.

Speaker 6 (28:08):
You know try to get to the meat.

Speaker 2 (28:10):
Of it, COME.

Speaker 3 (28:10):
On ai somebody, checking in, good morning checking in.

Speaker 2 (28:14):
From, dirt Tona, Dirt. Tona dirtona we didn't. Say that they, SAID.

Speaker 6 (28:18):
That i didn't. Say it somebody From dirt tona said.

Speaker 2 (28:21):
Allegedly they might Be from smyrna and. Throwing shade you.
Don't know it might be From.

Speaker 3 (28:27):
Old, smyrna, Yeah right oldna From dirt tona stock and
booze as always On. A saturday i have, a suggestion
change your show name To The mortgage junkie and take
over the. Midday slot oh that would be a lot of.

Speaker 2 (28:37):
Mortgage talk, Oh, man yeah people would. Love THAT but
i appreciate. The sentiment.

Speaker 6 (28:42):
That's, lovely no we leave that. TO them i love.

Speaker 3 (28:46):
You guys keep up the great work. You Make my
saturday morning is much. More bearable Jason.

Speaker 2 (28:51):
In Daytona and I've heard sabrina a couple of times
filling in On The Jim. Colbert show Maybe maybe sabrina
will come on. The show that'll be the closest we ever.
Get to and over the.

Speaker 6 (29:00):
News one day and retexting say that she is now eating,
cheese naked which.

Speaker 2 (29:06):
Is nice i'm NAKED and i. Like cheese that's what
my cousin used to say to telemarketers when. They'd, call
yeah they hang. Right Up apparently i've heard.

Speaker 6 (29:14):
You say he used to say it to people came to.

Speaker 2 (29:15):
His door he would shout it through. The door they
would they would not. Knock, again yeah it would. Beat
feet he was. A character he was.

Speaker 5 (29:23):
A character, uh yeah we have a sticker on our
door that says, you know no soliciting or, you, KNOW
no i think it says. No solictening and whenever people
knock on our DOOR and i see them with their
little like uh you, KNOW clipboard i, just GO can i?
Help you and, they go, uh nope. Thank you read

(29:47):
read the, you know read.

Speaker 2 (29:48):
The door they're testing your commitment to. Your, sign, yeah
YEAH well. I don't i don't have a no. SOLICITING
sign I think i should sometimes, because yeah a lot
of people come to. The door but every once in, a,
while everyone once in a while they tell ME something
i need. To, know really, you know THAT'S how i
ended up getting. On, fire right there's an enormous limb

(30:09):
hanging over. THE roof i. Don't know there. You go
you are listening To The home loans radio show with
that mortgage Guy don what do we? Do? Here well
you texting your questions to seven seven zero three one
anything having to do with, home loans real estate or
business or, BUSINESS loans, i mean or, you know or
just tell us what you're doing out there on This.
Fine saturday we're gearing up for The big Just Call

(30:30):
Most Celebrity bowling tournament to two. O'clock today that's gonna
be a bundle. Of fun it's gonna, be bowling gonna,
be bowling gonna. Be bowling i'm. Gonna win i'm gonna
win the. Entire, thing wow there's.

Speaker 6 (30:41):
A prediction WHERE do? I?

Speaker 5 (30:42):
BET uh i?

Speaker 2 (30:46):
Don't, know uh fritz are you? TAKING action.

Speaker 5 (30:52):
I can put the over.

Speaker 2 (30:53):
UNDER in, I guess, oh boy the over under.

Speaker 6 (30:56):
THE overunder i don't know what that means. Me, neither okay.

Speaker 2 (30:59):
It's Gonna be we're going to have a. Good time
what else, you got, M ja, i see Let's not
let's do a couple of those questions so we don't
get too far. Backed.

Speaker 3 (31:07):
UP yeah i was reading something and it said a
reverse mortgage can help me supplement my INCOME when i
retire in a couple. Of years my house is paid
off and work six worth six. Hundred thousand i'm SEVENTY
and i want, to retire but My social security income
is not going to be ENOUGH when, i Retire and
i'm worried that they're not may not Be social Security
or medicaid in. The future interested in finding out how,

(31:29):
this works if it can supplement my INCOME so i can.

Speaker 6 (31:31):
Retire sooner that's a.

Speaker 2 (31:34):
Great question there's a lot of people worried about. Social security,
you know it's Not like i'm not. A thing IT'S
a i worry. About it i'm not old enough to get,
it Yet but i'm close enough to be hopeful. For it,
if not, you know give me back. My money i'll
be mad as a HORNET if i don't get. So
security hornets are.

Speaker 5 (31:52):
So mad hornets are mad all.

Speaker 2 (31:54):
THE time i recently stay. So mad recently standing out
in my backyard doing NOTHING and i got stung in
the back random by. THREE hornets i didn't know what happened.
TO me I thought i had that there's been a
drive by in the Street and i'd. Been shot they weren't.
So bad were you wearing a?

Speaker 6 (32:09):
Rival's color the hornets they're, you know they're.

Speaker 2 (32:14):
In, gangs oh, The, HORNETS yeah i.

Speaker 3 (32:16):
THINK so i think you might have been wearing the.
Wrong color, ALL.

Speaker 2 (32:19):
Right i don't have any idea what you're. Talking about,
that's OKAY.

Speaker 6 (32:22):
That's, i mean they got you in, the back like
they didn't even see. Your face oh.

Speaker 2 (32:26):
It was it was quite. A, Surprise YEAH but i
don't know what they're so.

Speaker 5 (32:31):
Mad about, them EITHER confusing i FORGOT what i was
talking about hornets.

Speaker 2 (32:36):
Reverse mortgag, fritz. Says hornets you said reverse.

Speaker 6 (32:42):
You were talking About. Social security you're gonna be mad
as A, horn yeah.

Speaker 2 (32:45):
Got. Me yeah but they said they, Said that they
said they're worried they might have.

Speaker 4 (32:49):
Not have.

Speaker 2 (32:51):
The answer is if you have a free and clear
house and you are over the age of, sixty two
and the older, you are the better when you start a,
reverse mortgage because you get more of the. Equity out
but a reverse mortgage lets you take out the equity in.
Your house they said they have a six hundred thousand
dollars house that's Free and clearay was?

Speaker 3 (33:08):
That, right yep six hundred thousand, dollars house free. And
clear There's seventy when do you Get? Social security how old?

Speaker 2 (33:14):
Are you you can you. Can choose there's like a,
few breakpoints like you get if you get it when you're,
sixty two you. Get less if you get it WHEN
you're i think it's, sixty seven you, get more seventy
two you. Get more so if you, wait longer you.
Get more but if you, you know if that's your,
only income then you're probably going to start it as
soon as, you can which is age. Sixty two but
if you have a house it's free and clear and

(33:35):
you're over, sixty two you can do a, reverse mortgage
and that allows you to do a few. Different ways
you could set it up so that you just get
a monthly cash, every month like you could get one
thousand dollars a month towards your income that would come
in the form of a, reverse mortgage and it's applied to,
the mortgage but you don't have to pay that part
back the you don't have to pay a monthly. Mortgage

(33:56):
payment you still pay, your taxes, your INSURANCE, your eachla
that kind, of stuff but the actual mortgage payment you.
Don't pay you can also set it up so you
get to take like a big lump sum or two big,
lump sums or you can take the cash and on
the reverse mortgage and it can get held in an
escrow bearing home equity line of credit so that the
money will actually grow in a. Reverse mortgage so we're

(34:18):
a reverse. Mortgage experts we do so many. Of them
if you've got questions, about it definitely get with me
at that mortgage guide don. Dot com on, the website
there's a one page thing you fill out and from just,
that information it's like nothing like a. Mortgage application it's
so much simpler because we're not looking at, your income
we're not figuring out how long you've, been working where,
you're working we're not none of that stuff really applies

(34:40):
with a. Reverse mortgage credit score doesn't really. Factor in
it's mainly your age and the equity in, your house
so you can you can also set that up so
that it's, interest bearing you can get a, lump sum
you can get monthly payments out, of it and you
get to live in your house as long as you
want without making a. Mortgage payment so that's that's kind
of the gist of. A reverse but if you want
to find out more, about it you can do it
pretty easily at. The website then.

Speaker 3 (35:01):
If you leave your house to, your heirs they just
pay off the mortgage if they want to keep, that
house or just like.

Speaker 2 (35:06):
Any, mortgage yeah it's just like, you know if your
parents still owed two hundred thousand on their house then you, inherited,
it well there's still a two hundred thousand dollars mortgage.
On there the only difference between a reverse and a
forward mortgage in that sense is you know they have
to get paid off some on a, regular mortgage you're
paying it down to get it to zero over, the
years which this person sounds like. They've done their house
is free, and clear and then a reverse would add

(35:28):
back to the mortgage over. The years but you don't
have to make the mortgage payment and it can never
exceed the actual value of. The home so that's kind
of the gist of how. It works, Great question thanks
for texting that into seven seven zero three.

Speaker 3 (35:40):
To one, LACEY says i have a no solicitening sign
that says, no, solicitening seriously, don't knock don't ring, the
bell don't make. It weird AND when i do get,
A solicitor, i say you made.

Speaker 6 (35:48):
IT weird.

Speaker 2 (35:51):
I. LIKE that i need to get into solicity.

Speaker 6 (35:53):
AND sign i.

Speaker 2 (35:54):
LIKE it I think. I do they always not get
the most, inopportune times, You, know yeah during the day. Or,
NIGHT yeah i think.

Speaker 6 (36:02):
It's just rooted a show at.

Speaker 3 (36:04):
Someone's house you wouldn't do that as, A Friend like
i'm not just going to show Up at. Fritz's, house hey,
knock back.

Speaker 2 (36:09):
Knock, again Right and i'm gonna do.

Speaker 3 (36:11):
That again now that the, restraining orders they really.

Speaker 6 (36:13):
Made clear, to ME.

Speaker 2 (36:15):
M J can i? Help you which AT first.

Speaker 3 (36:18):
I didn't understand the. RESTRAINING order i didn't know what,
that meant BUT now.

Speaker 2 (36:20):
I do it's not going to help you is a
phrase that means the opposite of what.

Speaker 5 (36:24):
You're saying it's like it's like cold, Calling people like
there's not a, better way and like there's not a
better time management system than just knocking on. People's doors
why they like work during, The day like.

Speaker 2 (36:37):
Mm hmmah. That's right you're listening To The Home Loans.
Radio show we're gonna take a quick break and be
back right after.

Speaker 5 (36:44):
These, messages Hey it's sabrina From The news junkie and
that mortgage guy down is my. Best friend and now
back to that mortgage guy down On.

Speaker 3 (36:52):
Real, RADIO.

Speaker 6 (37:06):
Yeah i, LOVE it i, LOVE it i.

Speaker 5 (37:11):
LOVE it i. Love IT.

Speaker 2 (37:12):
THERE'S mj i Told you sabrina was my. Best friend she.

Speaker 6 (37:15):
Said it, that's right. It's true, lucky LUCKY don't.

Speaker 2 (37:21):
I?

Speaker 6 (37:21):
Am there? IT is i.

Speaker 3 (37:25):
Like it welcome back To The Home Loans radio show
where we talk. About mortgages it's what. We do text
into seven seven zero three one and ask us a.
MORTGAGE question i insist.

Speaker 2 (37:36):
Your enthusiasm, is contagious.

Speaker 3 (37:40):
Or just tell me what you're doing. Out there i'd love.

Speaker 2 (37:42):
To know, we're here we're doing it with. The crew,
good Morning, mister fritz not.

Speaker 6 (37:46):
Good morning what are?

Speaker 3 (37:47):
You doing what are you doing with? Your day what
are you doing with? Your life are you? Asking, me,
yeah anyone.

Speaker 2 (37:55):
What are you doing With Your because.

Speaker 3 (37:57):
I'm nosy it's one of you when, people, say here
there's someone who said they have the same Sign. As
lacey the solicitor rang the bell like twenty times and
then tried to open.

Speaker 6 (38:05):
My door what can?

Speaker 3 (38:08):
YOU imagine, I can't, I mean i can't imagine doing
that as. A solicitor like people, have GUNS like i
would not be trying to open some of The door what.

Speaker 2 (38:18):
Was the sign that they said that they had the
same Sign?

Speaker 3 (38:20):
As lacy sign, No, soliciting seriously, don't knock don't ring,
the bell don't make. It weird they tried to open,
the door so they called the police and they had
a nice talk. With them CRAZY because i have a
ring CAMERA and i could have. Pressed, charges wow well that.

Speaker 2 (38:34):
Is crazy i've solved this problem by not having. A doorbell,
OH right i HAVE a i have, a lock, you
know one of those digital locks that you put. In
there you put your tomb on it or your finger,
on it, you know to. Unlock it and people think that's,
a doorbell so they just put their thumb on my
lock all time and then they walk. Away dejected it's,
not ringing that's not.

Speaker 3 (38:53):
Over, doorbell well solicit's trying to open. Your door that's
not someone trying to sell. You something that's, Bad, juju
like who would?

Speaker 2 (38:59):
Do that that's not a. Good, idea yeah that's a
that's a what do they? Call it a? Forced?

Speaker 3 (39:06):
ENTRY yes I mean i CAN only i would never
can just imagine there's a.

Speaker 6 (39:10):
Shotgun on the.

Speaker 5 (39:11):
Other side you.

Speaker 6 (39:12):
Don't, know oh there's that app where you can just
make make it sound like. A shotgun?

Speaker 2 (39:17):
Is, there yes you have. This app i've.

Speaker 3 (39:19):
Heard about it where if you, hit it it sounds
like someone just racked up. A.

Speaker 6 (39:23):
Shotgun yeah so the person, hears it, they're, like oh.

Speaker 2 (39:26):
What was that? Noise? Again okay is? That? It huh
that's exactly what it. Sounds like what if what if
when you play your app you hear on the other
side of the door? A Shotgun then.

Speaker 6 (39:37):
I'm gonna assume they have the same app.

Speaker 3 (39:38):
As, me okay that's gonna be like whatever we all have.

Speaker 2 (39:43):
The app it'll be like shotgun APP Am i right there.
You go welcome back To The home loans radio show
with that mortgage. Guy down you can text in your
questions to seven seven zero three. To one what you, GOT.
There mj we got we got a few.

Speaker 3 (39:57):
Minutes here i'm looking for all in any kind of.
HELP assistance i bought a home in. Twenty twelve my
mortgage is sixteen fifty a month AND my ssi is
two thousand. A month HOW can i get better mortgage with?
My situation i'm seventy five recent windower getting by within
within an insurance and taxes just. Went up the rate
is four point nine.

Speaker 2 (40:17):
To nine that's a tough situ situation to. Be in
their income was two thousand and their house payment is.

Speaker 6 (40:23):
Sixteen, fifty yeah there's seventy five.

Speaker 2 (40:28):
Really the only.

Speaker 6 (40:29):
Solution, Widower Yeah so i'm just figuring.

Speaker 2 (40:33):
This out so there's one part for sure that you,
can do which is to go to your your county.
Tax assessor because you can get a you can get
a there's a. Homestead exemption there's also an exemption on
taxes that would lower your taxes for being. A widower
you if you if you, become blind if you become,
a widow or a widower if you become and there's

(40:53):
also a tax exemption for people that are on a really,
small income so You really step one would be to
go to the county and see if you can't get
your tax bill down by telling them about your you know.
Your scenario if you're, a widower if you're under a
certain level. OF income i believe the income level it
depends on, the COUNTY but i believe that if you're
under twenty eight thousand and over the age of, sixty

(41:14):
five then there's another exemption that you can get for.
Your taxes so you might be able to get the
tax bill back down. A bit but as far as
only having three hundred and fifty dollars a month in,
DISPOSABLE income i don't know how you're even doing that
between groceries and, you know electric bills and that kind.
Of stuff reach out. To me we can talk about a.
REVERSE mortgage i don't know if you've heard, about it
but that's a way where you can tap into the
equity that's in your home and give yourself some more

(41:35):
income and get rid of that sixteen hundred and fifty,
mortgage payment not all. Of it you can get rid
of the part that's, you know the principle, and interest
which is probably AT least i, would say probably at
least a thousand, of it, you know. Rough guess but
if you can get, that down and then you can
also get income from your house on a, reverse mortgage
you have to be over. Sixty five, i'm sorry over.

(41:56):
Sixty two it doesn't really. Tenenty, five yeah it doesn't
really if your credit score doesn't really matter. On it,
so yeah hit me up if you want to chat,
about that and we can take a look at those
numbers see if that might be able to get you.
Some relief it's not sustainable to try and live on
three hundred and four hundred dollars a month. DISPOSABLE income,
i mean what are you going?

Speaker 5 (42:13):
To eat creata.

Speaker 2 (42:15):
That's thanks for texting that into seven seven zero. THREE
one i think you're on your way to figuring. It
out we'll chat after.

Speaker 3 (42:22):
The show i'm trying to decide whether to go WITH
a va or a. CONVENTIONAL loan i want to put
about one hundred thousand dollars down on a four hundred thousand.

Speaker 6 (42:30):
Dollars PURCHASE so i don't have a. High payment HOW
do i decide the best way?

Speaker 2 (42:33):
To go that is an. Excellent question we're going to
run out, of, Time though we're gonna Have. To uh
that's an excellent tease for the for the. Next segment
at the people are ditilating.

Speaker 6 (42:47):
With delight can't wait to hear, the answer?

Speaker 2 (42:49):
Are, they yeah don't say. That again.

Speaker 3 (42:53):
That's not a.

Speaker 6 (42:54):
BUZZER word i know the.

Speaker 3 (42:55):
BUZZER words i haven't written right here on the piece. Of,
paper okay words not to say or, bings me.

Speaker 2 (43:01):
Pings, you, yeah.

Speaker 6 (43:02):
Yeah yeah apparently rhyming words.

Speaker 5 (43:05):
Are back now it's a.

Speaker 2 (43:10):
Joh't don't go through them. Right now you're listening To
The Home Loans. Radio show we're gonna take a. Quick
break we're gonna come back and answer that question at
the top of.

Speaker 4 (43:17):
The hour, everybody, wanted, hey, hey, hey hey welcome back

(43:42):
To The hoose radio show with that.

Speaker 2 (43:44):
Mortgage Guy don, that's right, That's me i'm here with.
My crew, good MORNING, m j, good morning, good morning,
mister hey.

Speaker 5 (43:51):
Good morning.

Speaker 2 (43:54):
That was.

Speaker 5 (43:55):
Pre joint oh you're getting robotic. On me here's You're
On loosely by thirty. Eight special You're On real radio
one of four.

Speaker 2 (44:03):
Point, one.

Speaker 5 (44:05):
Okay, all right.

Speaker 2 (44:06):
We're, back, hey hey welcome back To The Home Loans. Radio,
show uh momentary. Technical difficulties there. We are you're listening
To The Home Loans radio show with that mortgage. Guy
down we're here doing what we do Every. Single saturday.
Right here you Live On real radio one of four,
point one, the only, the best the most, talked about
the most, listened to live, radio show right Here On
real RADIO one o four. Point one exciting, DAY, today

(44:28):
mja why is an? Exciting? Day hmmm, bowling tournament, that's, right?
Right yay, and uh you're you're gonna win? This, year
no most, S, Gutterballs no i'm. Ok bowler you are an.

Speaker 5 (44:44):
Okay bowler depends on the song. That's, playing oh that's.

Speaker 2 (44:48):
Very important it is.

Speaker 3 (44:49):
For ME because i dance around and then if it's a,
good song my ball just sails right where it needs.
To go and if it's not a song that's, moving
me then the, BALL says.

Speaker 2 (44:56):
I know now if you figure out which song, it
is could you just enuously. Throw, strikes no the song
needs to be.

Speaker 6 (45:02):
A surprise there needs to, be LIKE oh i love
this and then it.

Speaker 2 (45:05):
Just works and what it was asking before we had
a loyal, technical difficulty what song was that that you
played on The rejoined fritz that.

Speaker 5 (45:11):
Was here comes that feeling Again By.

Speaker 2 (45:14):
Florida slang florida slang one of your one of, your
bands one of your one Of the. Fritz joints and
you can find that anywhere you. Find music look to
Look Up florida Slang Or. Corpus incorporated we've heard some
of that today. As well thank you so much for
always allowing us to play, your live your your original music.
On air, of course. Thank you welcome back to. The

(45:38):
show what do we? GOT. Cooking mj we had a
question right before the break that we needed to come.

Speaker 3 (45:42):
Back to somebody wants us to remind folks that you
can't just show up today because it is.

Speaker 2 (45:47):
Sold, out yeah The Boy bowling tournament is. Sold out
if you don't already have your ticket in your hot,
little hand then you. Can't. Go sorry last year they
had some tickets left at the door, to sell but not.
This year they are all. Sold out it's gonna be,
a blast going to raise some money. For charity.

Speaker 3 (46:04):
Very excited here's someone, HAS said i talked with someone
who wants to start a charity that want to build
one hundred tiny homes for unhoused Folks In. Seminole, county
however they need a plot of land between seven and
nine acres and they have, the financing they just need
to find. The land do you have any suggestions of
where they might look for Land In? SEMINAL county i.

Speaker 2 (46:22):
DO not i mean there are, there are there are
specifically realtors that focus. On land, so, yes YEAH so
i don't know if they're seven. To nine that might be.
A commercial but reach out to me after, the show
or go to. The website there's a place where you
can text me. A message send me That and i'll
get you a couple of people that you can talk
to about land Purchases. In seminole, all right thanks for

(46:42):
texting that into seven seven zero three, to, one, which
yes what time? It is what time? Is it it's
time for the compare quote of the week.

Speaker 5 (46:53):
Dot com this.

Speaker 2 (47:00):
One's, interesting oh this. One's exciting, All right they're, all exciting,
you know because we're. Helping people we're saving. People money,
this one this. One's interesting what's the compare quote of,
the week, You, Ask well i'm gonna. Tell you that's
SOMETHING that i have set up on my website at
that mortgage guide don, dot com where if you get
a quote from another mortgage company and you want to
find out if it's, any good or you think it's
good but you're, not sure or you think it's good

(47:21):
and your wife doesn't think, it's good and you just
want to get that peace, Of, mind well then you
go to the website that Mortgage, Guy don you hit
the compare, quote button you type in, your name tippity,
tap type you type in your. CREDIT score i don't
need to pull, your score and then you upload the
quote that gives me basically all THE information i need
to tell you what you could do or what, you
know what that quote is doing for you without having
to go through the application and pull your credit and all.

(47:42):
OF that i started it because there was a there
was a study that came out a couple of years
ago that said less than two in ten people compare
their quote after they get their. First quote that's. A
mistake that's a. BIG mistake i can. TELL you i
see quotes where people, are vastly vastly overcharged or have
rates half a point three quarters of a point higher

(48:03):
than what. They needed and then you know they, ask
why why why would that, Be, higher well they make.
More money that's how they make money by, you know
charging fees and doing. The rates some of the big
national companies can be some of the highest rates and
some of the. Highest fees so you definitely want to
take a look. At it, it's easy, it's free it's,
no hassle there's no hard. Credit pull you do it.
Right there, this week this one's a. Little different this

(48:24):
was someone who had to take money out of their
house because they needed to pay their ex husband proceeds from.
The divorce so a lot of times when you, get
divorced there will be something, that, says okay one person's,
moving out there's this much equity in. The house you
have to do a refinance to give them. Their equity
you have to give them, forty thousand or you have
to give them a hundred thousand or whatever it is
that you. Agree upon and usually they'll have a. Time

(48:46):
limit you have to do it within two years or
three years or five years or sell the home is
what a lot of. Them see that a SHOW that.
I see in, this case this woman had reached the.
Time frame she had about thirty five days left until
they were going to be up against a court order
where she wasn't able to refinance and get enough equity
up and the reason was that she had to get

(49:10):
one hundred and fifty thousand dollars in proceeds out of
the house to satisfy the divorced terms and buy out
the ex. Husband's equity they shopped around the several different
lenders in the highest she was able to find that
they would take out, percentage wise is eighty percent of.
The value and that's your Normal conforming fanny. May loan
so when you're doing a cash, out loan the most
you can take out of one of those is eighty

(49:32):
percent of. The value so if the house is worth four,
hundred thousand then three hundred and twenty thousand is going
to be the biggest loan you're going to be able.
To do and she had talked to a couple other
lenders that had given her quotes for, eighty percent but
that was only getting her about one hundred and fifteen
thousand out and she had to get one hundred And
fifty so she had heard us on the radio decided
to compare. That quote so it wasn't the usual quote where, people,

(49:53):
say hey can you get me a. Better rate it
was a different kind of quote where, she, SAID hey
i need to get more. Cash out SO because i
don't want to sell, MY house i don't the kids,
LIVE there i don't want to. Sell, it well as a,
mortgage brokerage we have different programs than you'll have at
the banks and the conforming, retail banks meaning that we
have one that allows you to take out ninety percent of,
the value and she had. No idea those other lenders

(50:15):
didn't have the option, of it and so as, a
result we were able to get the loan done and
get her one hundred and fifty thousand out so that
she could PAY the x and not have to be
forced to sell her house and for her and the
kids to go find. Another place and that's. The story
so even if it's not about, the rate sometimes we
might have programs that others. Don't have so if you're

(50:36):
getting to know somewhere else and you want to compare that,
with us or you're getting one hundred and, fifteen thousand
but you really need one hundred. And fifty then go
to the website that Mortgage guy don dot com and
hit the compare quote and we'll see if we can't figure.
It out i've been working on, these poems these compare.
Quote poems i'm not Sure if i'm going to keep
doing this. Or not i'm going, TO heah i got

(50:57):
one here. For today so here's the kind of kind
of a. Rhyming, summary okay? You're, ready. Yeah right she
had a divorce and did not want. To sell she
called me up, And, Said, donamon hell WHAT can? I
do i've nowhere. TO go, i said leave it. To
me i'll get you your dough if you're not happy
with any old quote Compared, with don so you don't miss.
The boat sing it, with. Me, kids oh you have to.

Speaker 3 (51:25):
Say that pretty soon you'll be writing Songs.

Speaker 6 (51:28):
FOR fritz i.

Speaker 2 (51:29):
Like that that'll be.

Speaker 6 (51:31):
The thing here's.

Speaker 3 (51:33):
A question do you have To have do you have
to have a home warranty on a? Reverse mortgage and
what is what is the home warranty situation on a?

Speaker 2 (51:40):
Reverse, mortgage no you don't have to have a. HOME
warranty i don't know of any mortgage that requires you
to have a. Home warranty home warranty is like, you
know if your stove breaks or your air. CONDITIONER breaks
a lot of a lot of companies will do an
overall home warranty on your appliances and your air conditioner
and stuff that you can. DO one i mean if
you don't have a way to, do REPAIRS but i
haven't seen one where. It's required you may. Have to

(52:03):
in some cases you can be required to put the
money in for the. Escrow accounts in others you can
be responsible for your. OWN escrows a lot of that
depends on the. Credit score that's where credit score. Can
affect your credit score doesn't usually prevent you from getting a,
reverse mortgage but it can if it's in a, certain
place or if you're way behind on your taxes or something,

(52:24):
like that then they may take money from the verse
and hold it an account to pay the taxes for
five years or something. Like that but that's just to
help you make sure it's manageable. For you that you
don't want to not be able to pay, your taxes
because if you don't pay your property taxes for three
years and then somebody else can try and foreclose on
your house if they buy the. Tax certificates so people like.

Speaker 3 (52:43):
Your poems people are checking, In nice, all right way,
To go i'll.

Speaker 2 (52:47):
Try it the bit will live, another way we'll see
the people. Have spoken, All right well that.

Speaker 5 (52:53):
Was nice there.

Speaker 2 (52:54):
You go welcome back To The Home loans. Radio show
what do we got cooking over.

Speaker 3 (52:57):
There AT The mj someone a lot of people, INHERITING
houses a lot of those that is?

Speaker 6 (53:03):
THAT happening i guess people are passing, and yeah.

Speaker 5 (53:06):
Makes, sense yeah, you know.

Speaker 2 (53:08):
People die, every day a lot of. Owned houses that
was stream.

Speaker 5 (53:11):
Of consciousness.

Speaker 2 (53:11):
Sure enough recently.

Speaker 3 (53:13):
FIRST time i recently inherited home with. My sister i've
been living here for ten years taking care of, my
mom who. HAS passed i need two hundred and fifty
for my sister to get her. HER share i make
about one hundred k per year and have a, good
Credit but i've never had. A mortgage what DETERMINES if
i get approved. Or not the house is worth about
five hundred. Thousand dollars when.

Speaker 2 (53:35):
We're looking at, a mortgage we're going to look at your.
Credit score, of course you know the minimum credit score
we can work with on a cash out loan is
probably about a five hundred and eighty, Credit score so
if you've got, good credit you're going to get a
better deal a, better rate but it can be done
all the way down to like a five. Eighty score
we also you have to, have income and then there's
a formula called a debt, ratio formula which looks at

(53:55):
the amount of money, coming in, you know which would
be your gross income versus the amount of money, going
out and that would be the new, mortgage payment, you
know the, property tax is, the INSURANCE the, hoa fee
any other, car payments, credit cards, installment loans that kind.
Of thing and then there's a formula and as long
as your debt ratios are, low enough then you would

(54:17):
get approved for. The loan it's pretty so we'd do
an appraisal in. The house, you know if it's in,
good shape then. That's great if there's anything that would
need to be repaired to be a, satisfactory appraisal then
we might have to. Do that but outside, of that
that's kind of. The process usually takes us about three
weeks to run. Through that i've been getting a lot
of appraisal waivers lately too, mean yeah when we try
and do the Refinance With fannie May Or, freddie mack

(54:38):
they'll come back, and, say yeah you don't need to do,
An appraise like we'll put in. The value we'll say the,
value is, you know four hundred and. Eighty thousand And
If fanny may accepts that, and, says yeah you don't
have to do, An appraisal we're cool with, that value
then you get an. Appraisal waiver and what that means
you don't have to pay the five or six hundred
bucks for. An appraisal it also means that you don't
have to wait the two weeks for an appraisal to.
Come back so the ones where we're getting appraisal waivers

(54:59):
were is't in like ten days twelve days.

Speaker 3 (55:01):
On refinances what how do they make just they do
a look up and say, that's right.

Speaker 2 (55:06):
Or they don't tell us specifically what their formula or
their formula. Area is But what i've seen is if
they think it's within twenty plus or minus of the
value they have, for it what, you know maybe what
was done on that now a couple of, years Ago
the fannie may have, for properties and that they have appraisals.
For us then they determine that that it's also based

(55:28):
on the empty you're, taking out so you have a
better chance of getting an. Appraisal waiver if you're taking
out like that am is, EIGHTY percent ifunt fifty percent,
of it then you have a better chance in an
appraisal waiver because they have, you know that room on.
The property we are seeing the appraisal. Waivers lately that's a.
Great QUESTION did i answer the? Whole thing mton that's

(55:50):
seeing that into seven seven zero. Three one you Are
List Home loans. Radio show with, that done you can
also follow Us on instagram at that mortgage if you're already. Following,
Out later i'm gonna post a bunch of the, bowling
tournament all the. Celebrities, today yeah back for the final of.

Speaker 1 (56:09):
The show 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.

Speaker 5 (56:16):
Real radio, that's right the very last segment of. The
day if you do have, a question you can text
in seven seven zero. Three one you can Also follow
Don on instagram At That Mortgage, guy don or go
to that Mortgage guy don. Dot com you can shoot him.
An email there, you go or just listen next week,
you know yeah, that.

Speaker 2 (56:36):
Too any of. Those, Things yeah or you can go
on the website or On the instagram on link tree
and you can listen to over two hundred and seventy
three episodes of this show that we've done in. The past,
all right having, trouble sleeping there's. Your, solution yep, just background,
you know just, my soothing the dulcet soothing tones of

(56:56):
that Mortgage. Guide don there. You go welcome back To
The Holwane. Radio show did you see? THIS? Thing mj?
About this there's going to be the newest artificial reef
off the Coast. OF florida i did?

Speaker 6 (57:09):
Hear?

Speaker 2 (57:09):
That jeff do you see? This one it's going to
be the largest one so far The Ss. UNITED states
a nearly one thousand foot vessel is going to be
sunk off Of the florida coast and it will make
it get, it right that's a. Good question it's going
to be sunk as. A reef it's bigger Than. The
titanic this, is like this is a this is a

(57:30):
big and it's an. Ocean liner it's from. That era
it IS The Ss, united states a vessel that's shattered
the transatlantic speed record on its maiden voyage in nineteen,
fifty two is going through a month long scouring At
the Port, Of. Mobile alabama that's where they take out all,
the wires they clean out all the asbestos or whatever
is in there so that they can. Sink it as a,

(57:52):
reef says it's going to be the longest by more
than one hundred feet and longer Than the. Titanic was
guess how when it set that record of going across
the Of the atlantic in nineteen, fifty two that record. Still,
stands wow that's. PRETTY crazy i guess it's the ship
Crossed the atlantic in, three days ten hours and. Forty

(58:14):
minutes that beat the previous time set BY The Rms.
Queen mary and to, this DAY The Uss united states
holds a transatlantic speed record for an. Ocean, liner wow
they're going to sink that off. The coast that's going to.

Speaker 3 (58:26):
Be interesting it's just for the fishes or can the
people's scuba.

Speaker 2 (58:31):
Around, it no it's more of a. Dive attraction like
the counties there, are competing they're, paying money they're bidding
like a million or three million or dollars to have
it off the coast of their county because it's a big.
Dive attraction they're saying they're going to sink the ship
in about one hundred and eighty feet, of water but
it's so tall that the tops of the stacks will
only be fifty or sixty feet below. The surface so

(58:54):
it's really like a diving would be a big diving
mecca type to, go there because even your beginning level
divers could get down to the top of, the show
and your master level divers could, get down, you know
to to the bottom of. The ship but that's it's pretty.
INTERESTING anyway i just found. It interesting you guess what time.
It is it's time for The, Speed Round Speed.

Speaker 3 (59:16):
Round go here, We go here. We go i'm gonna
ask you. Some questions you're gonna.

Speaker 2 (59:20):
Answer, THEM yes i can do with a sense.

Speaker 3 (59:22):
OF urgency i know it's gonna happen.

Speaker 2 (59:24):
This time. I'm gonna. I'm gonna i'm gonna do it
with a sense. Of Urgency.

Speaker 6 (59:30):
Ylie brown with the football, EVERY week, i say.

Speaker 2 (59:33):
Come on, do IT, Am I charlie brown or the
football In, this patport. Don't, Answer, okay Well but andy's
gonna If we're she's gonna ask me a bunch of
the questions that we haven't. Gotten TO if i didn't get,
to yours it doesn't MEAN that i didn't. Want to
just go to, the website copy paste it in the
ass DON and i will answer it outside.

Speaker 3 (59:51):
The show is it a residential or commercial loan to
buy a six unit?

Speaker 2 (59:56):
Apartment house that's kind of an. In between most Like
Conventional fanny may loans won't go over, four units but we.
Have some we do have loans that will do, six units,
eight units all the way up to four hundred units
on the. Commercial Side so i'd have to see where
it is what it, z owned that kind, Of thing
but we have a solution for it.

Speaker 3 (01:00:11):
Either WAY can i DO a va loan with my
FIANCE and I and i, both providing both of us providing.

Speaker 5 (01:00:18):
THE income va have to?

Speaker 2 (01:00:20):
BE married va is a weird one because you don't have.
To be you can have your fiance, on there but
it is no longer one hundred percent zero down loan
if you have somebody on the loan that's not, your
spouse so it would it's twelve and a half, percent
less so you would have to put down twelve and
a half percent to DO a va loan with a
non married spouse. On, there otherwise gay just just, do, It,

(01:00:43):
right WELL that's mj. Advising, THAT.

Speaker 3 (01:00:47):
Well, i mean, you know wade by, your house so
you did it because that seems like.

Speaker 2 (01:00:51):
YOU can i definitely for sure had people, get married,
you know go to the courthouse and get married before
DOING their va loan because they wanted a zero down
loan and they wanted to you. Know Both so i'm
on there for income.

Speaker 6 (01:01:01):
Makes sense what you can still have your big.

Speaker 3 (01:01:04):
Wedding.

Speaker 6 (01:01:04):
Later r what is the.

Speaker 2 (01:01:05):
Streamline so that's a urgency right?

Speaker 6 (01:01:08):
Right right what is THE streamline?

Speaker 4 (01:01:10):
Va?

Speaker 6 (01:01:10):
Loan do and do you?

Speaker 2 (01:01:12):
Offer THEM streamline va is a. Refinance loan it's. The
name the acronym IS AN I R r r l OH.
The l we call it interest rate reduction refinance loan THROUGH.
The va, and yeah it's got a lot of. Good
benefits you don't have to do, much documentation you don't
have to, most cases you don't have. To appraisal it's
a pretty simple loan, to do and basically it REFINANCES

(01:01:34):
your va loan into a lower RATE if.

Speaker 6 (01:01:36):
I, get it start a pre Approval, to NOW can
i get a?

Speaker 2 (01:01:40):
Letter? Today sure? Or tomorrow, well no, NOT today i gotta. Go,
Bowl okay i'll have to Do. It monday but if
you do the pre approval, application today we'll get you the.
Pre approval we're Working.

Speaker 3 (01:01:50):
On monday, and FINALLY can i use money in my
FOUR one k to buy a house and not have?
A penalty we all, know this and you know if
your four TO one k is, going sideways maybe it's
a good time to pull.

Speaker 5 (01:01:59):
It, out yeah buy a couple. Of houses.

Speaker 2 (01:02:03):
In, most cases your your four TO one k administrator
will allow you to buy to take money out of
your FOUR one k to buy a first home or a.
New home you just got to check with your administrator
and see what the rules are. For you some, are
alone some of you just take out. The money it,
just depends. All right and now for, Your riddle, Riddle time.

Speaker 3 (01:02:21):
Riddle time what flies when, it's born lies when, it's
alive and runs when?

Speaker 5 (01:02:26):
It's dead what.

Speaker 3 (01:02:30):
Flies when, it's born lies when, it's alive and runs when?

Speaker 5 (01:02:35):
IT'S Dead m that last?

Speaker 2 (01:02:38):
One is can it be the? Tricky?

Speaker 5 (01:02:41):
PART oh i. Like it you guys.

Speaker 2 (01:02:42):
Are stumped flies when, it's born flies when.

Speaker 6 (01:02:46):
It's born i'll give you a clue when.

Speaker 2 (01:02:48):
You're ready caterpillar. Butterfly, situation, no no not.

Speaker 5 (01:02:52):
A creature oh that's.

Speaker 2 (01:02:55):
A clue flies when. It's born it's not. A creature
what else? Is born.

Speaker 5 (01:03:01):
It's not time.

Speaker 2 (01:03:03):
An, Idea okay i'm gonna.

Speaker 6 (01:03:05):
Give you i'll give you. A clue.

Speaker 2 (01:03:07):
Thank goodness what flies when?

Speaker 3 (01:03:08):
It's, born flurries ohes when, it's alive and runs when.

Speaker 5 (01:03:15):
It's, dead, water, Snow snow it's, a snowflake.

Speaker 3 (01:03:19):
A snowfake flies when, it's born lies when, it's alive
and runs when.

Speaker 5 (01:03:23):
It dies is a? Snowflake?

Speaker 2 (01:03:26):
ALIVE what i?

Speaker 6 (01:03:27):
Don't know that is.

Speaker 3 (01:03:28):
A question, I mean i wasn't trying to get super existential,
about it.

Speaker 2 (01:03:31):
But definitely has a sense. OF outrage i feel.

Speaker 3 (01:03:33):
THAT snowflakes i feel that could be the issue with
the with, the RIDDLE but i still like.

Speaker 2 (01:03:39):
The riddle nailed, it, well folks you. Did it. You
did you wiled away another ninety minutes Of your saturday
listening to us prattle on about all the things having
to do with all the things play us out of
here with something cool for it's.

Speaker 1 (01:04:13):
You've been Listening To Home loans radio with that mortgage
Guide don join Us every saturday at nine Am On
real radio one oh four point one and check us
out online At home loansradio dot com