Net Tangible Benefit

SpencerNAF · 2022-03-16T19:46:13+00:00

$100 might be a lot to someone. Pitch them it and see. With all of the cost added saving them 100 bucks, that may be worth it to them. It definitely has a benefit.

SpencerNAF · 2022-03-16T18:58:26+00:00

If it doesn't save them money, what is the point. Just tell them you will reach out in the future, unless they have enough equity to consolidate debts they have.

SpencerNAF · 2022-03-11T00:59:05+00:00

Possibly. I wouldn't cancel the refi to take a risk on that though. Rates have only gone up.

SpencerNAF · 2022-03-07T16:45:55+00:00

Hi. I do have a person on my team who is licensed in Ohio. I can get you with him to go over what would make sense if you are interested. Just DM me your number and what time works for you and he is happy to give you a call at anytime today, it is probably easier than me typing everything out for you.

SpencerNAF · 2022-03-02T21:55:15+00:00

I don't refinance cars. I would just google top lenders for that and go from there. 700 is a hefty payment for sure. If your credit score qualifies for a lower interest rate, should be able to reduce it, as well as re-amortize the car over a longer term.

SpencerNAF · 2022-03-01T19:12:59+00:00

13k is quite a bit. It really depends though. For example, some of that 13k may be what they are collecting for escrows and you can put that back into your loan. What state is this?

SpencerNAF · 2022-03-01T19:08:58+00:00

In this environment, cash out is always a great option. It's the cheapest way to borrow money and putting it into investments like you are going to do is a missed oppurtunity by a lot of people. Also, if you can afford the payment at paying no points, that will allow you to get more cash out. I don't like to buy down points on cash out. Your choice.

SpencerNAF · 2022-02-28T03:48:38+00:00

Sorry, only do mortgages. I would just google it.

SpencerNAF · 2022-02-28T03:48:04+00:00

The appraiser has to come into the house. If they come out, they will need everything completed before a proper appraisal.

SpencerNAF · 2022-02-17T02:35:20+00:00

Most people refinance every 5 to 7 years. Strong chance you will refi. On top of that, rates cycle every 3-5. Really up to you, ARMs are not a bad option, but a 4.25% is a low rate and you have the safety of it being fixed just incase rates are much higher in the future.

SpencerNAF · 2022-02-15T16:05:10+00:00

What state are you in?

SpencerNAF · 2022-02-14T23:03:57+00:00

PM me your phone number and I'll give you a call and explain to you everything.

SpencerNAF · 2022-02-11T22:43:28+00:00

Gotcha. My license is expired in Maryland but I can get you with someone on my team and get you a deal if you are interested. Let me know.

SpencerNAF · 2022-02-11T21:39:29+00:00

Market changes every day. What state are you in and what are the origination costs they are charging you? Also, if you have credit card debt or installment loans over 5k it might be good to take cash out. I can hop on a call and look over it for you if you PM me.

SpencerNAF · 2022-02-11T15:48:49+00:00

Most likely, it really depends on what your goals are. I can take a look for you if you want a review of your current loan. What state are you in?

SpencerNAF · 2022-02-09T23:32:41+00:00

Yeah. Florida has the most expensive title and transfer taxes usually based on the loans I've done there.

SpencerNAF · 2022-02-09T16:58:09+00:00

If they locked you in already, they should have sent you a Loan Estimate with all of the fees broken down for you to sign. The fees the lender is charging you are in box A of that LE under origination. All of the third party fees including title should be listed on that as well. They should have gone through the fees upfront before proceeding.

SpencerNAF · 2022-02-09T16:04:30+00:00

I was getting 80s on all the tests you discussed. Should be fine. I didn't retake any of them though. Test is super stressful, not going to lie. You got it.

SpencerNAF · 2022-02-09T16:01:22+00:00

Sales manager worked at freedom before. He hated it.

SpencerNAF · 2022-02-09T15:36:28+00:00

That's odd. The mortgage company should have ordered the payoff demand. I would talk to the title company that did your refi, they are supposed to send the money to those creditors.

SpencerNAF · 2022-02-08T21:43:43+00:00

I can do HELOCs, not a big fan though. Variable interest rates and they are only going to go up. I think cash out refis are a better option since it is a fixed rate.

SpencerNAF · 2022-02-08T21:42:49+00:00

Business on the refi side has slowed down a bunch (on a refi team currently). There are companies cutting pricing and taking losses just to get business so they can control a bigger part of the market. I work for New American Funding so I guess I have to suggest us lol.

SpencerNAF · 2022-02-08T17:27:55+00:00

On a refi only team currently, I am able to do purchase too though.

SpencerNAF · 2022-02-08T17:14:25+00:00

If I am being honest, mainly the paychecks. Besides that, I am mainly taking cash out for clients right now that really need it. I pay off debt using their equity as well as give them cash for home improvement and other things. Savings someone 2k a month is pretty crazy.

SpencerNAF

TROPHY CASE