Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:19):
David Hall, the founder of Hall Financial, is about to
well be a couple hours yet, but I'm sure he's
ready for his tea time at the Sony Open in
Hawaii right now, starting the PGA Tour season. And what
I can't figure out is how he got into the
field and into Hawaii and time for the first tea.
When he was at Tiger Woods's fiftieth birthday party this
(00:42):
week at the Breakers. You heard me, Tiger Woods has
turned fifty and the guests at the party were told
to wear red because Tiger always wore red on a Sunday.
And oh, the performer was going to be none other
than John bon Jovi. Vanessa and Kai Trump were there.
And the menu at the Breakers Hotel there was based
(01:05):
on the champion sinners that Tiger served at Augusta National
at the Masters Tournament. It must have been some soire,
David Hall.
Speaker 2 (01:16):
I'll tell you what. I did not make the invite list,
rumor had it that I did, And I wish I
was in Hawaii with this snowy day that we're having here.
But I'll tell you it's nice to have the PGA
Tour back and get it up on the television to
watch some golf and hard to believe Tiger Wood's fifty
years old. Doesn't seem that long ago that he was
(01:39):
taking the golf world by storm. And it's a boy.
Time flies, doesn't it?
Speaker 1 (01:45):
It sure does. And we can dream about being at
that party, and we can dream about being in Hawaii.
And we've been on the phone this morning with a
Member of Congress, Tom Barrett, who talked to us about
the dream of being a home buyer, and that the
average age of the first time home buyer is now
thirty three. Some reports had it up at forty, but
(02:07):
apparently thirty three is the more accurate number. That's a
lot different than I remember growing up and the sort
of timeline of what your life was going to be.
And the other thing that seems to have changed, according
to news reports is what is the definition of a
starter home.
Speaker 2 (02:24):
Well, there's a number of things there that I think
that we need to unpack. So the first thing is
that you know, the world has changed a lot over
the last twenty years, and for a lot of young people,
buying a house at an early age is and as
important or as much of a focus as it was
maybe for you or I, And I think that while
(02:45):
some people certainly make the decision to jump into home
ownership earlier than others, I think that we all know
when we look at the information what a good decision
it is wealth wise to purchase a home at a
young age, because you see this and you know, we
could get all into the way that it works. But
with the little money that you have to put down
(03:07):
to purchase the home and the amount that you can mortgage,
the returns on the money that you actually put down
are so enormous. And sometimes people miss that part of
it because they look at the overall asset instead of
the money they put down. And we could save that
for another show. But I think that it's important to
note that while these this average age has been bantered
(03:29):
about between thirty and forty, as rates have started to
come down and as affordability is getting better, not worse,
I think we're going to see those numbers improve in
twenty twenty six, and I think you're going to see
more younger people getting in the game to purchase homes
because of the fact that it's going to be more affordable.
And I think that interest rates coming down are a big,
(03:51):
big part of that. So it's going to be an
exciting year, and we're going to see more home ownership
for younger people than we did last year, and that's
good news.
Speaker 1 (04:00):
If somebody calls you at eight sixty six, call Hall,
or they go online to call haul first dot com,
and maybe the first question they ask is what is
the interest rate? Now?
Speaker 2 (04:10):
Yeah, and I think that the first question that they
ask should be what's my credit score? Because that determines
the interest rates. But in general terms, we are locking
in the majority of our clients right now below six
percent the high fives. So interest rates are lower than
what people think. And it's always nice when people call
in they're like, oh, really, I didn't realize that they
(04:32):
were that low, because there's certainly been a lot of
times in my career where the consumer thinks that rates
are lower than they are. Right now, that's the case,
and it's really really nice that we have the opportunity
to get people in at five point seven, five point eight,
five point nine, that's where the majority of our loans
are being locked today.
Speaker 1 (04:51):
Well, you have to be careful online, you know what.
Somebody goes poking around and it can be dangerous because
the misinformation that's out there can lead them to believe
that it's seven percent, for instance, on an interest rate.
But if they call you, you don't mind answering the questions.
And in fact, you're quite famous for your free five
minute mortgage review.
Speaker 2 (05:12):
That's right, they call us up, we give them a
five minute mortgage review and it's really simple. But credit
score is key. We are focusing on credit this year.
Seven sixty and above is where you want to live
on your credit, and that's how you're going to get
the very best deal on your mortgage. That's not just
with us, that's industry wide, and so we are really
(05:32):
proponents of helping folks improve their credit, maybe even before
they buy the home, so they can get the very
best interest rates. So that's just another service that we
provide at all financial.
Speaker 1 (05:43):
I remember when the rates were at seven and you
said to people, you know, if you find the home
you want, get it because you know life is short
and the rates will come down and when that happens,
you can refinance. You offer that now too. Is that
a complicated process?
Speaker 2 (06:00):
No, it's not, And in fact, I'm glad you brought
that up because most of the folks that bought one
year ago today are now refinancing to a percentage point
lower than they bought the home. They don't have to
go out and find the home today. They've already got
the home. Now they're locking in the same low interest
rate that the folks are now purchasing at. So it's
(06:20):
a great strategy if you find the home and it
makes sense. It takes about nine business days to refinance
the loan, so you're already in the home. You bought
it in January or February of twenty twenty five. Now
you're refinancing in January twenty twenty six, non average stating
about one hundred and fifty dollars a month from where
you purchased a year ago. So the refinancing technique after
(06:43):
you purchase the home is very popular, and you have
to do it if you bought a home a year.
Speaker 1 (06:47):
Ago, and you have the option right of taking some
of your equity out when.
Speaker 2 (06:51):
You do that, Yeah, if you've got some equity, you
can do that. You also can roll in a payment
so you get some payment relief, and if there's any
issues with any of your s growth in terms of
taxes and insurance, we can clean that up as well.
So a lot of times it's a financial cleanup when
your refinancial mortgage, if you have some other things going on,
we'll also take a look at your other debts to
(07:12):
see if we can help you with that as well.
Speaker 1 (07:14):
He is a great advocate for you eight sixty six
call haul or call haulfirst dot com. And he's not kidding,
and neither are the ten thousand five star reviews you
can read on that website too. Thank you, David. David
Hall
David Hall, the founder of Hall Financial, is about to
well be a couple hours yet, but I'm sure he's
ready for his tea time at the Sony Open in
Hawaii right now, starting the PGA Tour season. And what
I can't figure out is how he got into the
field and into Hawaii and time for the first tea.
When he was at Tiger Woods's fiftieth birthday party this
(00:42):
week at the Breakers. You heard me, Tiger Woods has
turned fifty and the guests at the party were told
to wear red because Tiger always wore red on a Sunday.
And oh, the performer was going to be none other
than John bon Jovi. Vanessa and Kai Trump were there.
And the menu at the Breakers Hotel there was based
(01:05):
on the champion sinners that Tiger served at Augusta National
at the Masters Tournament. It must have been some soire,
David Hall.
Speaker 2 (01:16):
I'll tell you what. I did not make the invite list,
rumor had it that I did, And I wish I
was in Hawaii with this snowy day that we're having here.
But I'll tell you it's nice to have the PGA
Tour back and get it up on the television to
watch some golf and hard to believe Tiger Wood's fifty
years old. Doesn't seem that long ago that he was
(01:39):
taking the golf world by storm. And it's a boy.
Time flies, doesn't it?
Speaker 1 (01:45):
It sure does. And we can dream about being at
that party, and we can dream about being in Hawaii.
And we've been on the phone this morning with a
Member of Congress, Tom Barrett, who talked to us about
the dream of being a home buyer, and that the
average age of the first time home buyer is now
thirty three. Some reports had it up at forty, but
(02:07):
apparently thirty three is the more accurate number. That's a
lot different than I remember growing up and the sort
of timeline of what your life was going to be.
And the other thing that seems to have changed, according
to news reports is what is the definition of a
starter home.
Speaker 2 (02:24):
Well, there's a number of things there that I think
that we need to unpack. So the first thing is
that you know, the world has changed a lot over
the last twenty years, and for a lot of young people,
buying a house at an early age is and as
important or as much of a focus as it was
maybe for you or I, And I think that while
(02:45):
some people certainly make the decision to jump into home
ownership earlier than others, I think that we all know
when we look at the information what a good decision
it is wealth wise to purchase a home at a
young age, because you see this and you know, we
could get all into the way that it works. But
with the little money that you have to put down
(03:07):
to purchase the home and the amount that you can mortgage,
the returns on the money that you actually put down
are so enormous. And sometimes people miss that part of
it because they look at the overall asset instead of
the money they put down. And we could save that
for another show. But I think that it's important to
note that while these this average age has been bantered
(03:29):
about between thirty and forty, as rates have started to
come down and as affordability is getting better, not worse,
I think we're going to see those numbers improve in
twenty twenty six, and I think you're going to see
more younger people getting in the game to purchase homes
because of the fact that it's going to be more affordable.
And I think that interest rates coming down are a big,
(03:51):
big part of that. So it's going to be an
exciting year, and we're going to see more home ownership
for younger people than we did last year, and that's
good news.
Speaker 1 (04:00):
If somebody calls you at eight sixty six, call Hall,
or they go online to call haul first dot com,
and maybe the first question they ask is what is
the interest rate? Now?
Speaker 2 (04:10):
Yeah, and I think that the first question that they
ask should be what's my credit score? Because that determines
the interest rates. But in general terms, we are locking
in the majority of our clients right now below six
percent the high fives. So interest rates are lower than
what people think. And it's always nice when people call
in they're like, oh, really, I didn't realize that they
(04:32):
were that low, because there's certainly been a lot of
times in my career where the consumer thinks that rates
are lower than they are. Right now, that's the case,
and it's really really nice that we have the opportunity
to get people in at five point seven, five point eight,
five point nine, that's where the majority of our loans
are being locked today.
Speaker 1 (04:51):
Well, you have to be careful online, you know what.
Somebody goes poking around and it can be dangerous because
the misinformation that's out there can lead them to believe
that it's seven percent, for instance, on an interest rate.
But if they call you, you don't mind answering the questions.
And in fact, you're quite famous for your free five
minute mortgage review.
Speaker 2 (05:12):
That's right, they call us up, we give them a
five minute mortgage review and it's really simple. But credit
score is key. We are focusing on credit this year.
Seven sixty and above is where you want to live
on your credit, and that's how you're going to get
the very best deal on your mortgage. That's not just
with us, that's industry wide, and so we are really
(05:32):
proponents of helping folks improve their credit, maybe even before
they buy the home, so they can get the very
best interest rates. So that's just another service that we
provide at all financial.
Speaker 1 (05:43):
I remember when the rates were at seven and you
said to people, you know, if you find the home
you want, get it because you know life is short
and the rates will come down and when that happens,
you can refinance. You offer that now too. Is that
a complicated process?
Speaker 2 (06:00):
No, it's not, And in fact, I'm glad you brought
that up because most of the folks that bought one
year ago today are now refinancing to a percentage point
lower than they bought the home. They don't have to
go out and find the home today. They've already got
the home. Now they're locking in the same low interest
rate that the folks are now purchasing at. So it's
(06:20):
a great strategy if you find the home and it
makes sense. It takes about nine business days to refinance
the loan, so you're already in the home. You bought
it in January or February of twenty twenty five. Now
you're refinancing in January twenty twenty six, non average stating
about one hundred and fifty dollars a month from where
you purchased a year ago. So the refinancing technique after
(06:43):
you purchase the home is very popular, and you have
to do it if you bought a home a year.
Speaker 1 (06:47):
Ago, and you have the option right of taking some
of your equity out when.
Speaker 2 (06:51):
You do that, Yeah, if you've got some equity, you
can do that. You also can roll in a payment
so you get some payment relief, and if there's any
issues with any of your s growth in terms of
taxes and insurance, we can clean that up as well.
So a lot of times it's a financial cleanup when
your refinancial mortgage, if you have some other things going on,
we'll also take a look at your other debts to
(07:12):
see if we can help you with that as well.
Speaker 1 (07:14):
He is a great advocate for you eight sixty six
call haul or call haulfirst dot com. And he's not kidding,
and neither are the ten thousand five star reviews you
can read on that website too. Thank you, David. David
Hall
Popular Podcasts
Two Guys, Five Rings: Matt, Bowen & The Olympics
Two Guys (Bowen Yang and Matt Rogers). Five Rings (you know, from the Olympics logo). One essential podcast for the 2026 Milan-Cortina Winter Olympics. Bowen Yang (SNL, Wicked) and Matt Rogers (Palm Royale, No Good Deed) of Las Culturistas are back for a second season of Two Guys, Five Rings, a collaboration with NBC Sports and iHeartRadio. In this 15-episode event, Bowen and Matt discuss the top storylines, obsess over Italian culture, and find out what really goes on in the Olympic Village.
iHeartOlympics: The Latest
Listen to the latest news from the 2026 Winter Olympics.
Milan Cortina Winter Olympics
The 2026 Winter Olympics in Milan Cortina are here and have everyone talking. iHeartPodcasts is buzzing with content in honor of the XXV Winter Olympics We’re bringing you episodes from a variety of iHeartPodcast shows to help you keep up with the action. Follow Milan Cortina Winter Olympics so you don’t miss any coverage of the 2026 Winter Olympics, and if you like what you hear, be sure to follow each Podcast in the feed for more great content from iHeartPodcasts.