December 2, 2025 • 33 mins
This podcast episode provides a profound exploration of the critical role that informed real estate practices play in facilitating home ownership for veterans, particularly through the utilization of the VA loan. Our discussion centers around the importance of education for both realtors and veterans to mitigate the misconceptions that have historically surrounded VA loans, which have often led to veterans being placed at a disadvantage in the housing market. We delve into the collaborative efforts of professionals like Adam, who are dedicated to equipping realtors with the necessary knowledge to effectively support veteran clients. Furthermore, we emphasize the significance of trust and reliability in the relationships between veterans and those who serve them in the housing sector, underscoring the need for a supportive network. As we navigate these intricate topics, our aim is to empower veterans to access the benefits they have rightfully earned, ensuring that their journey towards home ownership is both informed and equitable.
Takeaways:
- Combat Vetvision serves as a platform connecting veterans with supporters and resources.
- Adam Henley emphasizes the importance of educating realtors about VA loans to assist veterans.
- The podcast details various avenues of support available for combat veterans seeking assistance.
- Veterans should be cautious of organizations that may exploit their needs and trust issues.
- The podcast highlights the positive changes in perceptions regarding VA loans over the past decade.
- Listeners are encouraged to reach out for support and resources available through the network.
Links referenced in this episode:
Connect With Adam Heaney
Website / Consultation: calendar.heaneyhomeloans.com/consultatio
Instagram: @adamheaneyhomeloans
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Of the.
How's everybody doing?
Welcome to Combat Vetvision.
This is a place where veteranssponsor supporters, volunteers get
to come out and kind of talkabout what they're doing to help
our veterans, our combat veterans.
(00:20):
A lot of different avenues ofsupport, where that might lie, what
that might do, and a lot ofdifferent things.
So, you know, usually I haveJ.B. brown on deck.
He's my co host, J.B. brown's kitchen.
His, his segment, he's notwith us today.
He's got a lot of things going on.
He's doing some cooking ofcooking stuff.
(00:40):
Uh, and he just couldn't makeit today.
So we're gonna, we're, we'regonna probably see him hopefully
next week or the week after,uh, before we get started.
You know, you Got BrianColburn, sitradio.com He is the producer
and the, the inspirationbehind my show Combat Vet Vision.
He's a United States Marine,does a whole bunch of things to inspire
(01:00):
a lot of different podcaststhat's, that's taking place, a whole
bunch of photography classes,a whole bunch of different things.
Him and his wife have, havebeen friends of mine for, for quite
some time, you know, and, andrecently his, his wife passed away
and to memorialize her, I justwanted to say, you know, that she,
she lived October 15, 1972 to.
(01:25):
She passed away 18th ofNovember 2025.
She had her own podcast for anailment that she had.
Sjogren's Strong was herpodcast that talked about the Sjogren's
ailment and you know, it'sjust sad that, that she's not with
(01:45):
us.
And Brian, thanks for stillconducting my show and, and still
being part of this network.
And I know you got a lot ofthings that you have to be involved
with and one of the reasonswhy my next guest is on deck is because
Brian needed to get someinformation about his, his home and
different things of that network.
And, and what that does iscreates an environment where I have
(02:10):
to reach out to and, and thisis what I do.
It's not that I have to, it'sthat I am honored to be able to reach
out to some of the networkingcontacts and buddies that I have
that I haven't had a chance totalk to in a while and ask them some
questions that they might haveanswers to and, and not just answers,
but answers that are trusted,true ways of paths to get forward
(02:34):
to the veterans that needthat, that kind of answers.
And so my next, my next guestis Adam, Adam Henley.
He's been on Deck with me fora long time.
He actually helped me getthree of my houses.
I sold, sold them, moved intoanother house and he's helped me
through that process.
He's helped me through a bunchof different processes helping our
(02:55):
veterans out.
I've sent a couple vets to himthroughout the United States getting
their homes.
And so Adam, welcome to the show.
Thanks for being here.
And you know, I first met himat a different event with some, a
different non profit that wasdoing some things and he actually
teaches real estate agents onhow to manage the VA loan and he
(03:21):
had a, he has this VA loanboot camp organization and he actually
came to Warrior Builtfoundation and actually spent some
time with me up there andactually got some real estate agents
to come in and take his courseand, and get to know the VA loan.
Now that VA loan has been outthere for a long time.
A lot of va, a lot of realestate agents are very familiar with
(03:44):
that, a lot more than theyever were.
When you and I were talkingway back when, I would say, you know,
they prefer that pathway nowand you still help out, you know,
let's talk about what you'redoing and what you do and, and why
you've, you've taken such aninterest in helping support our veteran
community as well as justtaking an interest in sporting all
(04:06):
the, all the networking thatI've had to, you know, send down
your, your, your, your way.
So let's, I know.
Thank you, Aaron.
I totally appreciate it.
It's an honor, honor to bewith you here.
Certainly I've listened to alot of podcasts, but this is the
first one I've been on.
So I totally appreciate theopportunity and it is, it is great
to be here with you anytime,just to connect with you, you know,
(04:30):
personally, when we worked onyour own loans or we're connecting,
you know, over an event.
Like you mentioned, WarriorBuilt and these, these classes that
you had mentioned.
So we've taught classes torealtors, really primarily to educate
Realtors and of course the,the veterans are invited to these
(04:52):
functions too.
But the main people that wefelt we had to educate were the realtors
because they're, you know, thegatekeepers when it comes time to,
you know, when people submitan offer and it's the, the realtor
who's looking at it and tryingto assess, you know, the best offer
for their client.
And so I've done those, youknow, typically, you know, done those
(05:15):
types of classes at, you know,some like in our office and you know,
other sort of venues like thatbut definitely the coolest one was
at Warrior Built because, youknow, motorcycles and buggies and
just all the cool stuff thereyou guys had at Warrior Built.
And so it was a, it was areally cool venue and really just
(05:39):
kind of, you know, hit home,you know, dealing with the veteran,
at least a portion of theveteran community in that, you know,
atmosphere of, you know, outof the normal sort of classroom setting.
So.
So that was an honor.
But yeah, what these classeswere called Military Mortgage Boot
(05:59):
Camp.
Again, primarily to educateRealtors, because the VA loan, as
Aaron said, has been aroundfor a long time, but it hadn't always
had the best reputation.
And a lot of that had to dowith, frankly, the loan officers
(06:21):
who were not well versed in it.
And, you know, I'm guilty of that.
When I started out, very earlyin my career, I didn't really know
VA Loan kind of sounded sortof complicated.
But then because of that lackof understanding with loan officers
that also spilled over intothe real estate community, veterans
(06:42):
were often at disadvantage forgetting their offer accepted.
Because if you think about it,you know, the optics of an offer,
it has, you know, what's thepurchase price, what's the escrow
period, how long are welooking to close, how long, how much
money are they putting down?
And some other things in there too.
And, you know, all thosethings kind of, you know, you assess
(07:06):
the situation of what you.
Which one do you think isgoing to be the best?
That's, that's going to getyour clients, client to the closing
line, to the finish line, toclosing, and do it on time.
And so, you know, obviouslyone of the best things about the
VA Home loan is the fact thatyou've earned the right to buy a
home with zero down payment.
(07:27):
You know, that's, that's anentitlement that you, that veterans
have earned.
That said, you know, when youhave a Realtor who's looking at a,
you know, three or four offersand, you know, this person's putting
10% down, maybe this person'sputting 5% down, this person's putting
20% down.
And then here's this VA offerwith zero down.
And just the optics of itdoesn't look maybe as good as the
(07:52):
others because the othershave, you know, quote unquote skin
in the game.
And, you know, there's a senseof what's this person been doing?
They haven't saved any money.
Well, what they've been doingis serving our country.
But maybe they had money, right?
But they just chose not to putdown payment because Then again,
that's a benefit that veteranshave earned to do.
(08:12):
But the reality is they kindof look at that and be like, I kind
of feel a little safer goingwith one of these others and have
a higher down payment.
And then in addition to that,there were other things about the
VA loan that back inyesteryear were kind of, kind of
a problem, and they, and theyhad sort of stuck with, sort of stigmatized
(08:36):
the VA loan a little bit, andthey don't actually exist anymore.
And a lot of them were justsort of misconceptions about the
VA loan.
Like, people thought that theappraisers were more difficult, that
they were, you know, morestrict on the appraisal requirements
or that the underwriting tooklonger or that the seller had to
(08:57):
pay the veterans closing costs.
So, like, it's like there wereall these roadblocks that went up.
So, you know, again, thinkingthat that, that Realtor who's getting
three or four offers is kindof like maybe, just maybe putting
that VA offer at the bottom ofthe cycle.
Let's look at these other onesfirst and see, you know, get to that
other one.
Fortunately, that has changed,and I would say drastically so in
(09:20):
the last, you know, probablyreally the last 10 years, but especially
like the last five years, justbecause there has been so much education,
you know, not only groupslike, you know, military mortgage
boot camp, but others thathave gone out to not only educate
loan officers, but alsoeducate Realtors about this awesome
(09:43):
loan program for our veterans.
And so now, you know, peopleunderstand that when it comes to
appraisals, for instance, it'sthe exact same appraisers who are
doing a VA appraisal who aredoing a conventional or an FHA appraisal.
So it's not like there's some,you know, bias or under qualified
set that's doing VA appraisals.
(10:03):
They understand that the VAloan is not a loan from the va, but
the VA essentially acts as aninsurance company.
Right?
They're ensuring the lenderthat if the veteran defaults, that
the lender will be made whole.
And, you know, consequently,that's, that's a great insurance
(10:25):
policy that lenders don'treally have on conventional or fha.
I mean, they do.
There's, there is, you know,mortgage insurance there, but when
a lender goes to file a claim,there's so many more hoops to jump
through to try to get a payouton the claim of that defaulted loan.
That is just really onerous.
And VA is much better to deal with.
(10:46):
So Lenders understand that.
So lenders want to make loansto veterans of VA because it's a
better product in theirportfolio of loans.
And then, of course, there isthe PR aspect of who doesn't love
the idea of helping veterans.
So realtors and loan officersalike, you know, like to, you know,
(11:11):
boast about, you know, howthey support our veterans.
We all love to support our veterans.
And so it's gone from havingkind of a little bit of a negative
connotation to, you know, amuch more, you know, positive connotation
that people kind of want torace to help veterans.
So I feel like now,especially, you know, with the Internet
and so much more at yourfingertips, everyone's a lot more
(11:34):
informed.
So kind of ramble there.
Sorry, but no, that's.
That's great.
You know, and I want to saythere's so much information out there
that needs to happen.
Right?
And you have a great tone on it.
And I think it's so importantfor us as veterans to be able to
find somebody to trust.
And I want to say, you know, it's.
(11:54):
It's a lot of time.
It's like, man, who.
Who do we trust?
Who do we.
Who do we look up up to?
Who do we find?
And that's something that wassuper important to me because, you
know, who has the time to.
To give?
And you have always had the time.
You've always had a greatexplanation, and you didn't just
feed into, you know, the, thenarrative that I was presenting to
(12:15):
you.
You were like, yeah, you coulddo that.
But here's the problems withthis, this, and this, and here's
the, the.
The outcomes of this.
And here's.
Here's the market value ofthat, and you have a very good tone
on the market.
Not only that, but the toolsthat you have now that you presented
to me always gave, you know,my housing market value and how it
was going through the months.
(12:35):
And, you know, I think there'sa lot of different things that are
out there that can influenceus to be able to trust.
But at the same time, there's.
There's other organizationsout there that are preying on veterans
that are just like, throwingsome weird, like, scenarios out there,
you know, throwing it out there.
If you're a veteran, you know, just.
Just like an insurance companythat I see all the time, they're
(12:57):
like, hey, if you're spendspending over $30 a month for your
car insurance, you're.
You're.
You're wrong.
You need to call us.
And you call them, and theySend you down some rabbit hole.
That's not even true.
It's just a preying on aveteran, and that's something that
we, as veterans, so much hate.
And it's so, you know, just awaste of time.
You've never been a waste ofmy time, and I think that that's
(13:17):
an important factor.
And I think you've alwaysgiven me such a valued amount of
time, effort, support, andonly that.
But just, just the lessons formy other veterans that I've sent
you, they.
They've all came out with, youknow, and not, not all veterans are
compatible with what you needto be able to give, too, because
some, some veterans are notready to.
(13:39):
To handle their own issuesbecause a lot of times we're dealing
with PTSD and we can't really just.
We clash with personalitiesand they don't really.
It's hard to navigatepersonality versus business.
And so I think you do it well,and I think that's an important factor
to the trust piece.
Well, thank you.
I really appreciate that.
(14:02):
Yeah, I think that for lack ofa better term, you know, there's
a target on veterans as, youknow, a group that gets marketed
too heavily.
And, you know, maybe some,some lenders maybe have the name
veteran in their, theircompany name or whatever, and some
of those, they're great, youknow, and some maybe not.
(14:23):
Really, though, what it comesdown to is sort of the individual
experience that you're goingto have with the loan officer who's
going to walk you through theprograms and help you kind of understand
the pluses and minuses.
So, yeah, you talk aboutpeople, you know, you know, sort
(14:44):
of preying upon on veterans.
And again, I don't think youcan't just categorically just dismiss,
you know, any one whole, youknow, lender or business, because
like I say, it really comesdown to the individual experience.
And for me personally, like, Ilove just, you know, educating both
(15:05):
a veteran and the realtor andtaking the time.
And like you said, Aaron,especially with a lot of people that
you're working with who haveptsd, it's like they're more maybe
acute needs that are beingworked on rather than, you know,
buying a home.
I mean, for a lot of people,yeah, that, that is, that is a goal
and that's a desire to happen.
But, you know, when you're,when you're dealing with ptsd, there's
(15:27):
a whole other slew of thingsthat are happening that, you know,
you know, buying a home justisn't there.
But that said, it may be a Goal.
And for me, like, when I talkto these people who are considering
it, like, I don't care if.
If it's something that's likesix months down the road, a year
down the road, or two yearsdown the road, you know, kind of
(15:49):
take an approach like, youknow, maybe.
Maybe you.
That this is a process.
Right.
And so just trying to provideeducation and feed and get people
positioned, you know, to be ina place where they can make this
home purchase at some point inthe future that's, you know, six
months, a year or 18 monthsdown the road.
(16:10):
And, you know, a lot of timesthat has to do with, you know, getting.
Having a job that's, you know,maybe for at least a year or sometimes,
preferably two years, but not always.
It varies or might be a matterof coaching through and working on
credit, getting credit scoresup to a certain level where they
(16:32):
need to be so that, you know,we can come back and revisit it,
you know, a year later orwhenever it is and.
And have them, you know, readyto go.
But that is kind of where my.
My heart is with helpingveterans is, because it's just.
I don't.
(16:53):
I just want to see them, youknow, succeed the best they can and,
you know, they end up, youknow, going somewhere else, you know,
that.
That's.
That's fine.
I'm all about them getting thebest, you know, possible service
and deal and everything.
I'm here to.
Just to provide answers asmuch as possible.
(17:16):
Yeah, I, I just, you know, I.I want to say, you know, Adam has,
you know, such a cool on his.
On his social media pages.
He's got these lessons that hegoes through, you know, if you.
If you ever get a chance.
And I, I share them from timeto time.
When I see him, you know, he'sgot this whole thing.
He's like, hey, here's whatthe market's doing today, and there's
some cool things going on withthis situation that you could take
(17:39):
advantage of, blah, blah,blah, blah.
And he.
You got this really cool thingand, you know, and you're out on
the street or you're walkingand you're telling this really good
story, and so it's really well done.
And so if you get a chance tocheck out some of that, if you can
go into some of those thingsand then, you know, talk a little
bit about refinancing and why,you know, what.
What is that looking like and how.
(18:00):
How that approach might be,you know, what's going on with the
market right now with allthat, but, but talk a little bit
about your cool.
These things that you puttogether, man, that's, it's always
cool.
And what inspires you to dothose because.
And, and are you doing them ona regular basis or they just come
to you and you're like, hey,I'm gonna go out and do one today.
I mean, what's going on?
Yeah, you know, thanks.
I appreciate you noticing that.
(18:22):
And it's like it, the answeris not doing it regularly enough.
I mean, I go through theseperiods where, you know, I'm like,
I'm really good and I'm, youknow, putting stuff out there consistently.
And then other times maybekind of have a, you know, inspired
moment.
But, you know, I don't just doVA loans.
(18:42):
I also do, you know, likereverse mortgages and conventional
loans and so, you know, kindof COVID the whole gamut of, you
know, residential lending.
So these, these clips thatyou're talking about that Aaron's
talking about can be, youknow, a variety of topics.
And so sometimes, you know,just kind of letting people know
what's in the market or maybetrying to help decipher because,
(19:05):
you know, a lot of thequestions that people have, especially
their first time home buyers,you know, should I wait or, you know,
should I wait and see if ratescome down or should I wait and see
if the housing market crashes?
And you know, all the kinds of questions.
And so just try to, you know,put, put that information out there.
Some of it, you know, kind ofrandomly comes to me.
(19:25):
Other times have, you know, aspecific thing that I want to share,
usually something I want to share.
But I think, you know, likeanybody in their, in their field
of expertise, you know, somuch of the stuff just seems like
second nature.
It's like, oh, yeah, ofcourse, everybody knows that.
But then I think like, youknow, not, no, everybody doesn't
know that.
(19:45):
And it's just like, seems, youknow, super basic, but it's, you
know, just kind of helpful.
So I just try to.
Most of my, my social media Ijust do on Instagram and I put stuff
out there on Instagram, then alittle bit on YouTube as well.
But you know, I just trying toprovide, you know, kind of helpful
tips on that stuff.
And as, as for the market andyou asked about refinancing kind
(20:05):
of where things are going.
I am optimistic about therates coming down further into 2026.
And you know, part of thatwill have to.
We're going to have a new Fed chairman.
Evidently.
I heard that he's.
Trump has made his choice,it's come down to three people.
He hasn't announced it yet,but the choice has been made.
(20:27):
And you can be assured thatwhichever one of those three, that
someone who's fairly dovish asfar as, you know, wanting to see
rate cuts happen soonerbecause that's one of the things
that the Fed has been lookingat over this last year.
Really two things.
One is the employment and thentwo is the, the rate of inflation.
(20:47):
So inflation has come down,you know, a lot from where it was
a couple of years ago, but ithasn't hit the Fed's target.
That's somewhat arbitrary of a2% inflation and we're hovering closer
to like 3%.
So consequently, Fed ChairmanJerome Powell has been a little bit,
you know, lax to, you know,cut the rates as much as, well, not
(21:09):
just as much as PresidentTrump, but really all of us would
like to see.
But then the other thingthat's really important is the employment.
And so employment numbers havenot been that great.
And of course we had our 35day government shutdown which resulted
in delayed statistics from theBureau of Labor Statistics.
(21:30):
So we got the October jobsreport kind of late and that those
numbers were a slight.
The headline number was alittle bit better than expected,
but inside it, once you kindof looked under the hood, it wasn't
that impressive.
And then the November numbers,normally we would get those this
Friday because the jobs reportalways comes out the first Friday
(21:52):
of the month, which would bethis Friday.
We get the November jobsreport, but because the shutdown,
we won't have that.
And so consequently just beenworking off of, you know, kind of
anemic reports to look at,like adp, which is the payroll provider,
what are they showing in termsof, you know, new job creations?
And so it's, I think, however,we did see that from that last report
(22:17):
that the pay, the unemploymentrate ticked up from 4.2 to 4.3.
So I think there are some morethings that would justify the Fed
cutting the rates sooner.
And so whoever this new Fedchairman is going to be, I think
will be more inclined to do that.
But it isn't just the Fed's decision.
(22:40):
There are other factors thatcome into play.
So Japan, bank of Japan, forinstance, had talk about them hiking
their rates.
So whenever we have these, youknow, other foreign markets, whether
it's in Germany or Japan, ifthey move their rates up or down,
that has a, you know, animpact on us too.
But overall, I am optimisticabout seeing the rates come down
(23:01):
in 2026.
And so a lot of People whohave bought their home in the last
year or year and a half,especially if you did it with a VA
loan, will have an opportunityto do a VA Earl, which is a interest
rate refinance reduction loan.
Love our acronyms in the, inthe military.
Right.
(23:21):
So not that I'm never in themilitary, but the EARL is the greatest
loan ever because it's super easy.
It's basically just likesigning a new application without
having to go through all thepaperwork, providing pay stubs and
bank statements and all that jazz.
You don't even need an appraisal.
So it's just, it's really simple.
(23:42):
However, it does have awaiting period, which is basically
210 days.
So it ends up being close toseven months from, from the time
of the, the last first paymentwas due.
So whenever the first paymentwas due on the previous mortgage,
it has to be at least 210 daysfrom that.
So, you know, and I have someclients who are, you know, they're,
(24:06):
the rates are better than whenthey bought, but you just kind of
have to wait that out.
So for people who, veteranswho do have VA loans right now who
maybe bought within the lastyear or two, keep a close eye on
that because I think you cansee an opportunity.
People who have loans that gotthem back in 2020, 2021 or 2022,
(24:26):
no, you're not going to beseeing a lower rate than that anytime
soon.
But the last thing that Iwanted to mention was, and it isn't
something that so much me onthe origination side it handles,
but the.
(24:47):
HR 1815, which is the VA HomeAffordability Act, I think it was
called, and basically whatthat does is it allows for the veteran
to make, to make a partial claim.
So normally if a veterandefaults on the loan and that lender
(25:09):
puts a claim with the VA toget reimbursed.
Well, what this does as apartial claim is if veteran starts
to get in trouble, they can doa partial claim and have the VA assist
and bring the payments currentand essentially give the, the VA
kind of like a silent secondmortgage on that home so that they
(25:30):
don't have to make payments.
And I think it's any, it's aninterest bearing.
It's not interest bearing, butbasically allows them to stay current
and not go into foreclosure.
So that was the VA Home LoanReform act that came out just this
this year and it's pretty new.
So, you know, I think likeanything, they're still kind of working
out some of the details.
But if Anyone in the audienceis having troubles, the first thing
(25:55):
you should do is just talk toyour current loan servicer about
the possibility of getting apartial claim and restructuring to
bring their payments currentand then give them some relief so
they don't risk going into foreclosure.
So does that mean theirpayments stay the same and then that
(26:17):
secondary loan picks up at theend of that loan?
Is that how that would work orhow does that, how does that kind
of work?
If you can kind of go throughthat, map it out more?
The way, the way it would workis whatever the amount is that's
been missed or in arrearssince, you know, two or three or
(26:38):
four months worth of payments,the VA essentially come in and whatever
that amount is, bring itcurrent and pay the first trustee
lender the amount owed.
And then, then the VAessentially has a second mortgage,
a lien position, and you don'tneed to make any payments on it and
(27:01):
it doesn't need to be paid offuntil you either sell the home or
you refinance it or, you know,just pay the price, copy up in full.
But yeah, so it's, like Isaid, it's, it's pretty new.
And so the, you know, the kindof, the devil's in the details as
far as, you know, who is eligible.
(27:22):
But I kind of, it seems likesomething where if someone had just
kind of gone through a sort ofa tough spell, but are sort of back
on their feet, but they kindof can't get caught, caught up on
the back payments that weremissed, this is going to be a great
tool for helping them out.
So just in case people haven'theard of it, it's definitely something
(27:42):
to be aware of.
And like I say, something thatyou would check with your current
loan servicer on to see if youcan get some relief for that.
Well, that's outstanding.
You know, that's, that's just,I remember you talked to me about
it a little bit this year and,you know, it's, it's great news,
you know, to know what's going on.
And I think a lot of people,you know, a lot of our listeners
(28:04):
may not, may not know that exists.
And, you know, it's alwayscurious to know what's, what's kind
of going on with therefinancing packages or, you know,
all these different thingsthat you have knowledge of.
Especially I think you broughtup to me one time, you're like, hey,
you know, even though interestrates go down, it doesn't always
mean that the interest rateson, on Homes are going to go down.
(28:25):
They could go down real quick,but as soon as everybody rushes to
go buy homes, the interestrates go up again and you might end
up with a higher interest rate.
You kind of talked about themarket value of home homes.
They kind of get the shaftbecause the market takes advantage
of that situation.
And so there's a lot of thingsthat you got to pay attention to.
And, you know, any, any lastwords you want to tell, feel free
(28:46):
to do so, Adam.
And if, if people want to geta hold of you, let us know how to
do that.
You can definitely get a holdof them through me, as always, all
my guests.
You can, you can hit me up andI'll get you in touch with them.
And feel free to give, giveout your information as you please.
That.
Thanks.
Yeah, no, thank you, Aaron.
Yeah, so just kind of pickingup where you left off, talking about
when the, when the rates godown, how do they actually go up?
(29:08):
So, you know, the market isreally good about anticipating if
the Fed is going to cut therates or not.
So, you know, when the, whenthe Fed cut the rates back in September
of this year, we knew thatrate cut was coming.
And you can see the bondmarket improving well in advance
of that.
It's sort of like, you know,just like driving a car.
(29:30):
You don't wait till you're inthe middle of the corner, you know,
the apex of the turn, startturning the steering wheel.
You start doing it beforehand.
Right.
So bond market does the exactsame thing.
And so it's tricky because,you know, the media talks about,
oh, the Fed's going to cutrates, Fed going to cut rates.
And, and as a layperson who'sa regular consumer thinking, oh,
(29:51):
cool, well, I'm going to waituntil the Fed cuts rates before I,
you know, lock in my interestrate for my mortgage.
But because the bond markethas already been improving in anticipation
of that, it's not uncommon tosee the Fed cut the rates.
Okay, the fed funds rate,which is the bank, the overnight
rate that the banks lend eachother, but then have the mortgage
(30:11):
rates actually go up.
Because what happens when theycut the rates is that they cut the
rates.
And if they don't cut by asmuch as we'd hoped, then maybe that
causes the bond market toreact negatively.
Or if the Fed chairman said,okay, yeah, we cut rates, but, you
know, we're not sure we'regoing to cut them the next time or
whatever their sort of outlookforward look is that can kind of
(30:33):
like throw a wet rag on theparty and so it's just one of those
things of, you know, kind oftrying to anticipate sort of reading
the tea leaves, if you will,what's the best way to go about this?
And then, you know, as I didsay, I think the rates will come
down and as they come down,it's just going to bring more buyers
into the market.
Right.
And that's just going to putmore upward pressure on the home
(30:54):
prices, which I think is theother thing that you were alluding
to.
But yeah, no, thanks, Aaron.
I really appreciate being herewith you and of course you can.
People can always reach methrough you.
But as far as my own socialmedia, I'm just@adamhaneyhome loans.com
and also on Instagram andYouTube at Adam Haneyhome Loans and
(31:15):
the spot, you know, you canalways DM me there and look forward
to talking to you.
And like I say, even if itisn't something that you feel is
like in your immediatehorizon, but it's something you have
questions about, I'd love totalk to you.
Well, thanks a lot.
Thanks a lot for being hereand it's great to reconnect and,
(31:38):
and make things happen.
You know, it's, it's amazingto bring people together, bring these
sponsor supporters, volunteerstogether that, that need to come
on here and actually givesome, some, some help, support, whatever
it might look like, you know,if you need some, something and,
and I have that resource, it's great.
But I would say check out someof my other podcasts to see if some
(31:59):
of that support network is out there.
Listen to some of these stories.
They may resonate with you.
They may have some sort ofimpact or some sort of support for
you that you may not know fully.
I don't always know what thesethings always mean up, up front.
And nor did I know what itmeant when Brian Colburn first hit
me up and said, hey chief, youneed to have a podcast.
(32:22):
And we, we started doing thisway back when and, and it was just
not, not live like this.
Not a, not a, not a picture,not uh, not, not, not a video.
And uh, and now it's uh, youknow, now it's a library of different,
uh, support things.
And it's uh, it's, it's justanother tool that, that's out there
(32:42):
for you.
And so if you need something,if you need some support, you know,
reach out there, make ithappen, be involved in your lives,
love those that you, that youlove, be around good people.
And Brian Colburn, thanks forall your support.
I'm sorry for your loss ofyour beautiful wife, Lupe.
And, uh, until next time, forall you out there, grab your loved
ones, give them a hug, and,uh, stay.
(33:05):
Stay strong.
God bless.
Strength and honor.
Out the only way and we neednothing more the only way Together
forever, that's for sure.
Of the.
How's everybody doing?
Welcome to Combat Vetvision.
This is a place where veteranssponsor supporters, volunteers get
to come out and kind of talkabout what they're doing to help
our veterans, our combat veterans.
(00:20):
A lot of different avenues ofsupport, where that might lie, what
that might do, and a lot ofdifferent things.
So, you know, usually I haveJ.B. brown on deck.
He's my co host, J.B. brown's kitchen.
His, his segment, he's notwith us today.
He's got a lot of things going on.
He's doing some cooking ofcooking stuff.
(00:40):
Uh, and he just couldn't makeit today.
So we're gonna, we're, we'regonna probably see him hopefully
next week or the week after,uh, before we get started.
You know, you Got BrianColburn, sitradio.com He is the producer
and the, the inspirationbehind my show Combat Vet Vision.
He's a United States Marine,does a whole bunch of things to inspire
(01:00):
a lot of different podcaststhat's, that's taking place, a whole
bunch of photography classes,a whole bunch of different things.
Him and his wife have, havebeen friends of mine for, for quite
some time, you know, and, andrecently his, his wife passed away
and to memorialize her, I justwanted to say, you know, that she,
she lived October 15, 1972 to.
(01:25):
She passed away 18th ofNovember 2025.
She had her own podcast for anailment that she had.
Sjogren's Strong was herpodcast that talked about the Sjogren's
ailment and you know, it'sjust sad that, that she's not with
(01:45):
us.
And Brian, thanks for stillconducting my show and, and still
being part of this network.
And I know you got a lot ofthings that you have to be involved
with and one of the reasonswhy my next guest is on deck is because
Brian needed to get someinformation about his, his home and
different things of that network.
And, and what that does iscreates an environment where I have
(02:10):
to reach out to and, and thisis what I do.
It's not that I have to, it'sthat I am honored to be able to reach
out to some of the networkingcontacts and buddies that I have
that I haven't had a chance totalk to in a while and ask them some
questions that they might haveanswers to and, and not just answers,
but answers that are trusted,true ways of paths to get forward
(02:34):
to the veterans that needthat, that kind of answers.
And so my next, my next guestis Adam, Adam Henley.
He's been on Deck with me fora long time.
He actually helped me getthree of my houses.
I sold, sold them, moved intoanother house and he's helped me
through that process.
He's helped me through a bunchof different processes helping our
(02:55):
veterans out.
I've sent a couple vets to himthroughout the United States getting
their homes.
And so Adam, welcome to the show.
Thanks for being here.
And you know, I first met himat a different event with some, a
different non profit that wasdoing some things and he actually
teaches real estate agents onhow to manage the VA loan and he
(03:21):
had a, he has this VA loanboot camp organization and he actually
came to Warrior Builtfoundation and actually spent some
time with me up there andactually got some real estate agents
to come in and take his courseand, and get to know the VA loan.
Now that VA loan has been outthere for a long time.
A lot of va, a lot of realestate agents are very familiar with
(03:44):
that, a lot more than theyever were.
When you and I were talkingway back when, I would say, you know,
they prefer that pathway nowand you still help out, you know,
let's talk about what you'redoing and what you do and, and why
you've, you've taken such aninterest in helping support our veteran
community as well as justtaking an interest in sporting all
(04:06):
the, all the networking thatI've had to, you know, send down
your, your, your, your way.
So let's, I know.
Thank you, Aaron.
I totally appreciate it.
It's an honor, honor to bewith you here.
Certainly I've listened to alot of podcasts, but this is the
first one I've been on.
So I totally appreciate theopportunity and it is, it is great
to be here with you anytime,just to connect with you, you know,
(04:30):
personally, when we worked onyour own loans or we're connecting,
you know, over an event.
Like you mentioned, WarriorBuilt and these, these classes that
you had mentioned.
So we've taught classes torealtors, really primarily to educate
Realtors and of course the,the veterans are invited to these
(04:52):
functions too.
But the main people that wefelt we had to educate were the realtors
because they're, you know, thegatekeepers when it comes time to,
you know, when people submitan offer and it's the, the realtor
who's looking at it and tryingto assess, you know, the best offer
for their client.
And so I've done those, youknow, typically, you know, done those
(05:15):
types of classes at, you know,some like in our office and you know,
other sort of venues like thatbut definitely the coolest one was
at Warrior Built because, youknow, motorcycles and buggies and
just all the cool stuff thereyou guys had at Warrior Built.
And so it was a, it was areally cool venue and really just
(05:39):
kind of, you know, hit home,you know, dealing with the veteran,
at least a portion of theveteran community in that, you know,
atmosphere of, you know, outof the normal sort of classroom setting.
So.
So that was an honor.
But yeah, what these classeswere called Military Mortgage Boot
(05:59):
Camp.
Again, primarily to educateRealtors, because the VA loan, as
Aaron said, has been aroundfor a long time, but it hadn't always
had the best reputation.
And a lot of that had to dowith, frankly, the loan officers
(06:21):
who were not well versed in it.
And, you know, I'm guilty of that.
When I started out, very earlyin my career, I didn't really know
VA Loan kind of sounded sortof complicated.
But then because of that lackof understanding with loan officers
that also spilled over intothe real estate community, veterans
(06:42):
were often at disadvantage forgetting their offer accepted.
Because if you think about it,you know, the optics of an offer,
it has, you know, what's thepurchase price, what's the escrow
period, how long are welooking to close, how long, how much
money are they putting down?
And some other things in there too.
And, you know, all thosethings kind of, you know, you assess
(07:06):
the situation of what you.
Which one do you think isgoing to be the best?
That's, that's going to getyour clients, client to the closing
line, to the finish line, toclosing, and do it on time.
And so, you know, obviouslyone of the best things about the
VA Home loan is the fact thatyou've earned the right to buy a
home with zero down payment.
(07:27):
You know, that's, that's anentitlement that you, that veterans
have earned.
That said, you know, when youhave a Realtor who's looking at a,
you know, three or four offersand, you know, this person's putting
10% down, maybe this person'sputting 5% down, this person's putting
20% down.
And then here's this VA offerwith zero down.
And just the optics of itdoesn't look maybe as good as the
(07:52):
others because the othershave, you know, quote unquote skin
in the game.
And, you know, there's a senseof what's this person been doing?
They haven't saved any money.
Well, what they've been doingis serving our country.
But maybe they had money, right?
But they just chose not to putdown payment because Then again,
that's a benefit that veteranshave earned to do.
(08:12):
But the reality is they kindof look at that and be like, I kind
of feel a little safer goingwith one of these others and have
a higher down payment.
And then in addition to that,there were other things about the
VA loan that back inyesteryear were kind of, kind of
a problem, and they, and theyhad sort of stuck with, sort of stigmatized
(08:36):
the VA loan a little bit, andthey don't actually exist anymore.
And a lot of them were justsort of misconceptions about the
VA loan.
Like, people thought that theappraisers were more difficult, that
they were, you know, morestrict on the appraisal requirements
or that the underwriting tooklonger or that the seller had to
(08:57):
pay the veterans closing costs.
So, like, it's like there wereall these roadblocks that went up.
So, you know, again, thinkingthat that, that Realtor who's getting
three or four offers is kindof like maybe, just maybe putting
that VA offer at the bottom ofthe cycle.
Let's look at these other onesfirst and see, you know, get to that
other one.
Fortunately, that has changed,and I would say drastically so in
(09:20):
the last, you know, probablyreally the last 10 years, but especially
like the last five years, justbecause there has been so much education,
you know, not only groupslike, you know, military mortgage
boot camp, but others thathave gone out to not only educate
loan officers, but alsoeducate Realtors about this awesome
(09:43):
loan program for our veterans.
And so now, you know, peopleunderstand that when it comes to
appraisals, for instance, it'sthe exact same appraisers who are
doing a VA appraisal who aredoing a conventional or an FHA appraisal.
So it's not like there's some,you know, bias or under qualified
set that's doing VA appraisals.
(10:03):
They understand that the VAloan is not a loan from the va, but
the VA essentially acts as aninsurance company.
Right?
They're ensuring the lenderthat if the veteran defaults, that
the lender will be made whole.
And, you know, consequently,that's, that's a great insurance
(10:25):
policy that lenders don'treally have on conventional or fha.
I mean, they do.
There's, there is, you know,mortgage insurance there, but when
a lender goes to file a claim,there's so many more hoops to jump
through to try to get a payouton the claim of that defaulted loan.
That is just really onerous.
And VA is much better to deal with.
(10:46):
So Lenders understand that.
So lenders want to make loansto veterans of VA because it's a
better product in theirportfolio of loans.
And then, of course, there isthe PR aspect of who doesn't love
the idea of helping veterans.
So realtors and loan officersalike, you know, like to, you know,
(11:11):
boast about, you know, howthey support our veterans.
We all love to support our veterans.
And so it's gone from havingkind of a little bit of a negative
connotation to, you know, amuch more, you know, positive connotation
that people kind of want torace to help veterans.
So I feel like now,especially, you know, with the Internet
and so much more at yourfingertips, everyone's a lot more
(11:34):
informed.
So kind of ramble there.
Sorry, but no, that's.
That's great.
You know, and I want to saythere's so much information out there
that needs to happen.
Right?
And you have a great tone on it.
And I think it's so importantfor us as veterans to be able to
find somebody to trust.
And I want to say, you know, it's.
(11:54):
It's a lot of time.
It's like, man, who.
Who do we trust?
Who do we.
Who do we look up up to?
Who do we find?
And that's something that wassuper important to me because, you
know, who has the time to.
To give?
And you have always had the time.
You've always had a greatexplanation, and you didn't just
feed into, you know, the, thenarrative that I was presenting to
(12:15):
you.
You were like, yeah, you coulddo that.
But here's the problems withthis, this, and this, and here's
the, the.
The outcomes of this.
And here's.
Here's the market value ofthat, and you have a very good tone
on the market.
Not only that, but the toolsthat you have now that you presented
to me always gave, you know,my housing market value and how it
was going through the months.
(12:35):
And, you know, I think there'sa lot of different things that are
out there that can influenceus to be able to trust.
But at the same time, there's.
There's other organizationsout there that are preying on veterans
that are just like, throwingsome weird, like, scenarios out there,
you know, throwing it out there.
If you're a veteran, you know, just.
Just like an insurance companythat I see all the time, they're
(12:57):
like, hey, if you're spendspending over $30 a month for your
car insurance, you're.
You're.
You're wrong.
You need to call us.
And you call them, and theySend you down some rabbit hole.
That's not even true.
It's just a preying on aveteran, and that's something that
we, as veterans, so much hate.
And it's so, you know, just awaste of time.
You've never been a waste ofmy time, and I think that that's
(13:17):
an important factor.
And I think you've alwaysgiven me such a valued amount of
time, effort, support, andonly that.
But just, just the lessons formy other veterans that I've sent
you, they.
They've all came out with, youknow, and not, not all veterans are
compatible with what you needto be able to give, too, because
some, some veterans are notready to.
(13:39):
To handle their own issuesbecause a lot of times we're dealing
with PTSD and we can't really just.
We clash with personalitiesand they don't really.
It's hard to navigatepersonality versus business.
And so I think you do it well,and I think that's an important factor
to the trust piece.
Well, thank you.
I really appreciate that.
(14:02):
Yeah, I think that for lack ofa better term, you know, there's
a target on veterans as, youknow, a group that gets marketed
too heavily.
And, you know, maybe some,some lenders maybe have the name
veteran in their, theircompany name or whatever, and some
of those, they're great, youknow, and some maybe not.
(14:23):
Really, though, what it comesdown to is sort of the individual
experience that you're goingto have with the loan officer who's
going to walk you through theprograms and help you kind of understand
the pluses and minuses.
So, yeah, you talk aboutpeople, you know, you know, sort
(14:44):
of preying upon on veterans.
And again, I don't think youcan't just categorically just dismiss,
you know, any one whole, youknow, lender or business, because
like I say, it really comesdown to the individual experience.
And for me personally, like, Ilove just, you know, educating both
(15:05):
a veteran and the realtor andtaking the time.
And like you said, Aaron,especially with a lot of people that
you're working with who haveptsd, it's like they're more maybe
acute needs that are beingworked on rather than, you know,
buying a home.
I mean, for a lot of people,yeah, that, that is, that is a goal
and that's a desire to happen.
But, you know, when you're,when you're dealing with ptsd, there's
(15:27):
a whole other slew of thingsthat are happening that, you know,
you know, buying a home justisn't there.
But that said, it may be a Goal.
And for me, like, when I talkto these people who are considering
it, like, I don't care if.
If it's something that's likesix months down the road, a year
down the road, or two yearsdown the road, you know, kind of
(15:49):
take an approach like, youknow, maybe.
Maybe you.
That this is a process.
Right.
And so just trying to provideeducation and feed and get people
positioned, you know, to be ina place where they can make this
home purchase at some point inthe future that's, you know, six
months, a year or 18 monthsdown the road.
(16:10):
And, you know, a lot of timesthat has to do with, you know, getting.
Having a job that's, you know,maybe for at least a year or sometimes,
preferably two years, but not always.
It varies or might be a matterof coaching through and working on
credit, getting credit scoresup to a certain level where they
(16:32):
need to be so that, you know,we can come back and revisit it,
you know, a year later orwhenever it is and.
And have them, you know, readyto go.
But that is kind of where my.
My heart is with helpingveterans is, because it's just.
I don't.
(16:53):
I just want to see them, youknow, succeed the best they can and,
you know, they end up, youknow, going somewhere else, you know,
that.
That's.
That's fine.
I'm all about them getting thebest, you know, possible service
and deal and everything.
I'm here to.
Just to provide answers asmuch as possible.
(17:16):
Yeah, I, I just, you know, I.I want to say, you know, Adam has,
you know, such a cool on his.
On his social media pages.
He's got these lessons that hegoes through, you know, if you.
If you ever get a chance.
And I, I share them from timeto time.
When I see him, you know, he'sgot this whole thing.
He's like, hey, here's whatthe market's doing today, and there's
some cool things going on withthis situation that you could take
(17:39):
advantage of, blah, blah,blah, blah.
And he.
You got this really cool thingand, you know, and you're out on
the street or you're walkingand you're telling this really good
story, and so it's really well done.
And so if you get a chance tocheck out some of that, if you can
go into some of those thingsand then, you know, talk a little
bit about refinancing and why,you know, what.
What is that looking like and how.
(18:00):
How that approach might be,you know, what's going on with the
market right now with allthat, but, but talk a little bit
about your cool.
These things that you puttogether, man, that's, it's always
cool.
And what inspires you to dothose because.
And, and are you doing them ona regular basis or they just come
to you and you're like, hey,I'm gonna go out and do one today.
I mean, what's going on?
Yeah, you know, thanks.
I appreciate you noticing that.
(18:22):
And it's like it, the answeris not doing it regularly enough.
I mean, I go through theseperiods where, you know, I'm like,
I'm really good and I'm, youknow, putting stuff out there consistently.
And then other times maybekind of have a, you know, inspired
moment.
But, you know, I don't just doVA loans.
(18:42):
I also do, you know, likereverse mortgages and conventional
loans and so, you know, kindof COVID the whole gamut of, you
know, residential lending.
So these, these clips thatyou're talking about that Aaron's
talking about can be, youknow, a variety of topics.
And so sometimes, you know,just kind of letting people know
what's in the market or maybetrying to help decipher because,
(19:05):
you know, a lot of thequestions that people have, especially
their first time home buyers,you know, should I wait or, you know,
should I wait and see if ratescome down or should I wait and see
if the housing market crashes?
And you know, all the kinds of questions.
And so just try to, you know,put, put that information out there.
Some of it, you know, kind ofrandomly comes to me.
(19:25):
Other times have, you know, aspecific thing that I want to share,
usually something I want to share.
But I think, you know, likeanybody in their, in their field
of expertise, you know, somuch of the stuff just seems like
second nature.
It's like, oh, yeah, ofcourse, everybody knows that.
But then I think like, youknow, not, no, everybody doesn't
know that.
(19:45):
And it's just like, seems, youknow, super basic, but it's, you
know, just kind of helpful.
So I just try to.
Most of my, my social media Ijust do on Instagram and I put stuff
out there on Instagram, then alittle bit on YouTube as well.
But you know, I just trying toprovide, you know, kind of helpful
tips on that stuff.
And as, as for the market andyou asked about refinancing kind
(20:05):
of where things are going.
I am optimistic about therates coming down further into 2026.
And you know, part of thatwill have to.
We're going to have a new Fed chairman.
Evidently.
I heard that he's.
Trump has made his choice,it's come down to three people.
He hasn't announced it yet,but the choice has been made.
(20:27):
And you can be assured thatwhichever one of those three, that
someone who's fairly dovish asfar as, you know, wanting to see
rate cuts happen soonerbecause that's one of the things
that the Fed has been lookingat over this last year.
Really two things.
One is the employment and thentwo is the, the rate of inflation.
(20:47):
So inflation has come down,you know, a lot from where it was
a couple of years ago, but ithasn't hit the Fed's target.
That's somewhat arbitrary of a2% inflation and we're hovering closer
to like 3%.
So consequently, Fed ChairmanJerome Powell has been a little bit,
you know, lax to, you know,cut the rates as much as, well, not
(21:09):
just as much as PresidentTrump, but really all of us would
like to see.
But then the other thingthat's really important is the employment.
And so employment numbers havenot been that great.
And of course we had our 35day government shutdown which resulted
in delayed statistics from theBureau of Labor Statistics.
(21:30):
So we got the October jobsreport kind of late and that those
numbers were a slight.
The headline number was alittle bit better than expected,
but inside it, once you kindof looked under the hood, it wasn't
that impressive.
And then the November numbers,normally we would get those this
Friday because the jobs reportalways comes out the first Friday
(21:52):
of the month, which would bethis Friday.
We get the November jobsreport, but because the shutdown,
we won't have that.
And so consequently just beenworking off of, you know, kind of
anemic reports to look at,like adp, which is the payroll provider,
what are they showing in termsof, you know, new job creations?
And so it's, I think, however,we did see that from that last report
(22:17):
that the pay, the unemploymentrate ticked up from 4.2 to 4.3.
So I think there are some morethings that would justify the Fed
cutting the rates sooner.
And so whoever this new Fedchairman is going to be, I think
will be more inclined to do that.
But it isn't just the Fed's decision.
(22:40):
There are other factors thatcome into play.
So Japan, bank of Japan, forinstance, had talk about them hiking
their rates.
So whenever we have these, youknow, other foreign markets, whether
it's in Germany or Japan, ifthey move their rates up or down,
that has a, you know, animpact on us too.
But overall, I am optimisticabout seeing the rates come down
(23:01):
in 2026.
And so a lot of People whohave bought their home in the last
year or year and a half,especially if you did it with a VA
loan, will have an opportunityto do a VA Earl, which is a interest
rate refinance reduction loan.
Love our acronyms in the, inthe military.
Right.
(23:21):
So not that I'm never in themilitary, but the EARL is the greatest
loan ever because it's super easy.
It's basically just likesigning a new application without
having to go through all thepaperwork, providing pay stubs and
bank statements and all that jazz.
You don't even need an appraisal.
So it's just, it's really simple.
(23:42):
However, it does have awaiting period, which is basically
210 days.
So it ends up being close toseven months from, from the time
of the, the last first paymentwas due.
So whenever the first paymentwas due on the previous mortgage,
it has to be at least 210 daysfrom that.
So, you know, and I have someclients who are, you know, they're,
(24:06):
the rates are better than whenthey bought, but you just kind of
have to wait that out.
So for people who, veteranswho do have VA loans right now who
maybe bought within the lastyear or two, keep a close eye on
that because I think you cansee an opportunity.
People who have loans that gotthem back in 2020, 2021 or 2022,
(24:26):
no, you're not going to beseeing a lower rate than that anytime
soon.
But the last thing that Iwanted to mention was, and it isn't
something that so much me onthe origination side it handles,
but the.
(24:47):
HR 1815, which is the VA HomeAffordability Act, I think it was
called, and basically whatthat does is it allows for the veteran
to make, to make a partial claim.
So normally if a veterandefaults on the loan and that lender
(25:09):
puts a claim with the VA toget reimbursed.
Well, what this does as apartial claim is if veteran starts
to get in trouble, they can doa partial claim and have the VA assist
and bring the payments currentand essentially give the, the VA
kind of like a silent secondmortgage on that home so that they
(25:30):
don't have to make payments.
And I think it's any, it's aninterest bearing.
It's not interest bearing, butbasically allows them to stay current
and not go into foreclosure.
So that was the VA Home LoanReform act that came out just this
this year and it's pretty new.
So, you know, I think likeanything, they're still kind of working
out some of the details.
But if Anyone in the audienceis having troubles, the first thing
(25:55):
you should do is just talk toyour current loan servicer about
the possibility of getting apartial claim and restructuring to
bring their payments currentand then give them some relief so
they don't risk going into foreclosure.
So does that mean theirpayments stay the same and then that
(26:17):
secondary loan picks up at theend of that loan?
Is that how that would work orhow does that, how does that kind
of work?
If you can kind of go throughthat, map it out more?
The way, the way it would workis whatever the amount is that's
been missed or in arrearssince, you know, two or three or
(26:38):
four months worth of payments,the VA essentially come in and whatever
that amount is, bring itcurrent and pay the first trustee
lender the amount owed.
And then, then the VAessentially has a second mortgage,
a lien position, and you don'tneed to make any payments on it and
(27:01):
it doesn't need to be paid offuntil you either sell the home or
you refinance it or, you know,just pay the price, copy up in full.
But yeah, so it's, like Isaid, it's, it's pretty new.
And so the, you know, the kindof, the devil's in the details as
far as, you know, who is eligible.
(27:22):
But I kind of, it seems likesomething where if someone had just
kind of gone through a sort ofa tough spell, but are sort of back
on their feet, but they kindof can't get caught, caught up on
the back payments that weremissed, this is going to be a great
tool for helping them out.
So just in case people haven'theard of it, it's definitely something
(27:42):
to be aware of.
And like I say, something thatyou would check with your current
loan servicer on to see if youcan get some relief for that.
Well, that's outstanding.
You know, that's, that's just,I remember you talked to me about
it a little bit this year and,you know, it's, it's great news,
you know, to know what's going on.
And I think a lot of people,you know, a lot of our listeners
(28:04):
may not, may not know that exists.
And, you know, it's alwayscurious to know what's, what's kind
of going on with therefinancing packages or, you know,
all these different thingsthat you have knowledge of.
Especially I think you broughtup to me one time, you're like, hey,
you know, even though interestrates go down, it doesn't always
mean that the interest rateson, on Homes are going to go down.
(28:25):
They could go down real quick,but as soon as everybody rushes to
go buy homes, the interestrates go up again and you might end
up with a higher interest rate.
You kind of talked about themarket value of home homes.
They kind of get the shaftbecause the market takes advantage
of that situation.
And so there's a lot of thingsthat you got to pay attention to.
And, you know, any, any lastwords you want to tell, feel free
(28:46):
to do so, Adam.
And if, if people want to geta hold of you, let us know how to
do that.
You can definitely get a holdof them through me, as always, all
my guests.
You can, you can hit me up andI'll get you in touch with them.
And feel free to give, giveout your information as you please.
That.
Thanks.
Yeah, no, thank you, Aaron.
Yeah, so just kind of pickingup where you left off, talking about
when the, when the rates godown, how do they actually go up?
(29:08):
So, you know, the market isreally good about anticipating if
the Fed is going to cut therates or not.
So, you know, when the, whenthe Fed cut the rates back in September
of this year, we knew thatrate cut was coming.
And you can see the bondmarket improving well in advance
of that.
It's sort of like, you know,just like driving a car.
(29:30):
You don't wait till you're inthe middle of the corner, you know,
the apex of the turn, startturning the steering wheel.
You start doing it beforehand.
Right.
So bond market does the exactsame thing.
And so it's tricky because,you know, the media talks about,
oh, the Fed's going to cutrates, Fed going to cut rates.
And, and as a layperson who'sa regular consumer thinking, oh,
(29:51):
cool, well, I'm going to waituntil the Fed cuts rates before I,
you know, lock in my interestrate for my mortgage.
But because the bond markethas already been improving in anticipation
of that, it's not uncommon tosee the Fed cut the rates.
Okay, the fed funds rate,which is the bank, the overnight
rate that the banks lend eachother, but then have the mortgage
(30:11):
rates actually go up.
Because what happens when theycut the rates is that they cut the
rates.
And if they don't cut by asmuch as we'd hoped, then maybe that
causes the bond market toreact negatively.
Or if the Fed chairman said,okay, yeah, we cut rates, but, you
know, we're not sure we'regoing to cut them the next time or
whatever their sort of outlookforward look is that can kind of
(30:33):
like throw a wet rag on theparty and so it's just one of those
things of, you know, kind oftrying to anticipate sort of reading
the tea leaves, if you will,what's the best way to go about this?
And then, you know, as I didsay, I think the rates will come
down and as they come down,it's just going to bring more buyers
into the market.
Right.
And that's just going to putmore upward pressure on the home
(30:54):
prices, which I think is theother thing that you were alluding
to.
But yeah, no, thanks, Aaron.
I really appreciate being herewith you and of course you can.
People can always reach methrough you.
But as far as my own socialmedia, I'm just@adamhaneyhome loans.com
and also on Instagram andYouTube at Adam Haneyhome Loans and
(31:15):
the spot, you know, you canalways DM me there and look forward
to talking to you.
And like I say, even if itisn't something that you feel is
like in your immediatehorizon, but it's something you have
questions about, I'd love totalk to you.
Well, thanks a lot.
Thanks a lot for being hereand it's great to reconnect and,
(31:38):
and make things happen.
You know, it's, it's amazingto bring people together, bring these
sponsor supporters, volunteerstogether that, that need to come
on here and actually givesome, some, some help, support, whatever
it might look like, you know,if you need some, something and,
and I have that resource, it's great.
But I would say check out someof my other podcasts to see if some
(31:59):
of that support network is out there.
Listen to some of these stories.
They may resonate with you.
They may have some sort ofimpact or some sort of support for
you that you may not know fully.
I don't always know what thesethings always mean up, up front.
And nor did I know what itmeant when Brian Colburn first hit
me up and said, hey chief, youneed to have a podcast.
(32:22):
And we, we started doing thisway back when and, and it was just
not, not live like this.
Not a, not a, not a picture,not uh, not, not, not a video.
And uh, and now it's uh, youknow, now it's a library of different,
uh, support things.
And it's uh, it's, it's justanother tool that, that's out there
(32:42):
for you.
And so if you need something,if you need some support, you know,
reach out there, make ithappen, be involved in your lives,
love those that you, that youlove, be around good people.
And Brian Colburn, thanks forall your support.
I'm sorry for your loss ofyour beautiful wife, Lupe.
And, uh, until next time, forall you out there, grab your loved
ones, give them a hug, and,uh, stay.
(33:05):
Stay strong.
God bless.
Strength and honor.
Out the only way and we neednothing more the only way Together
forever, that's for sure.
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