Marty - Trident Home Loans

Like Amy said, the size of the down payment doesn’t actually make a difference when the check is cut to the seller but it makes them feel good knowing you have more skin in the game. The more stringent VA requirements are to protect the veteran from buying a lemon. The seller wants to sell fast and with as few requirements getting in the way which is why in some hot markets or with old houses the seller may be turned off by a VA. We don’t run into this very often so I wouldn’t be concerned. We’ll find a solution if it presents itself. Marty

Seen this before in hot markets. Sellers hear stories and we're happy to help get the record straight. The VA does have disadvantages for sellers and more requirements. Buyer protections are awesome but are sometimes contrary to sellers. Wood rot, appraisal requirements, appraisal timeline, etc. VA fees should never be an issue if that comes up. Let me know if you need me to engage for you. Typically when I call as the CEO of the mortgage company the seller will listen. Marty

Thank you Sir! We enjoyed working with you! You made Christy’s day!

Thank you Sir! It was our pleasure. The mortgage industry is working on reducing the paperwork and doing more digitally, but the rules/laws haven't all caught up with the technology yet. You made Jenn and Soha's day! Take care! Marty

The buying season has slowed down so I’d recommend still making the trip and putting an offer in but don’t get too aggressive too quickly so you still get a good deal. Good luck! Marty

Thank you for your business and the referral! We enjoyed working with you and Ashley said thank you for the compliment! I'll be in touch to do the no cost IRRRL in 6 months. Marty

Thank you very much Sir! You made Elena's day! We are looking forward to doing your next IRRRL!

There is no requirement to refinance if you move out and want to turn it into a rental. Some people refi to a conventional to free up their VA entitlement so they can use it to buy their new home. In many situations you don't even need to do this depending on how much entitlement you have remaining. Many people have two VA loans running at the same time. Marty

Thank you so much! It's my goal that every one of our clients walks away with your level of satisfaction. We're always here to help. Marty

Awesome! You're welcome. Let us all know how it turns out.

It's a great program even if you have to wait a little bit to get approved! I've seen guys save a ton especially on older homes. Good luck! Sent from my iPhone using Tapatalk

Check out Rebuild Northwest Florida too. FEMA will pay for 75% of hurricane safety upgrades to your house which will reduce your insurance further and better protect your family/property. Also great for increasing your resale value. https://www.rebuildnwf.org/ Marty Sent from my iPhone using Tapatalk

Thank you gents! It was a pleasure working with both of you! Let me know if you need anything in the future. Marty Sent from my iPhone using Tapatalk

Unfortunately, the credit bureaus sell data about you and other companies sell leads to mortgage companies. Optoutpresecreen.com is your best chance. If you go to each credit bureau to opt out, you'll still going to get letters because mortgages are also public record. Simply using the VA Addendum that is recorded publicly on your mortgage can be used to identify you as a VA loan holder. Opting out of credit bureau lead generation companies won't prevent public record lead generation companies from mailing you. I tried doing a letter marketing campaign once with FHA loans and successfully refinanced hundreds of borrowers when the streamline program came out. I eventually fired the guy who suggested it and never did it again. We did over 100 free loans but dealing with people who only know us by a letter isn't the way I chose to do business. Too many borrowers lied about occupancy issues including a finance professor who backed out when he read the FBI disclaimer at closing. The VA IRRRL streamline program is awesome, but too many lenders mislead consumers about who they represent as well as the terms. The fliers are liars is my company motto. I do no cost VA IRRRL's and spend a lot of time educating Veterans on the product. If you have a rate below 3.25, don't waste your time. One really good option is to do a VA IRRRL to switch from a 30 year term to a 15 year term without costs. The average no cost rate depends on credit score and the state you're in. 3.375% in MS and Colorado for example, Loan amount $200,000 or more, 680 FICO and above, APR same if you're a disabled veteran. Most can expect 3.5% to 3.625% no cost on a 30 year to 3.375% - 3.5% no cost in a 15 year. No cost means a credit for loan fees and the VA .5 % funding fee. If your seeing a rate below 3.5% on a flyer, it's a teaser for a 3 year arm, or a 15 year fixed with points to buy the rate and you Roll in costs. No out of pocket costs is a common deceitful term because there are costs!! They just roll on.. Beware of ALL flyers because they are trying to prey upon your wishful thinking. I don't pay escrow prepaids on my no cost VA refinances so you'd need decide on what to do about them. These get refunded so aren't any issue really. You can pay them at closing then get them refunded or roll them into the loan and keep the refund. Additionally, if you are a disabled Vet, the VA IRRRL doesn't have any funding fee so you could even do a no cost cashout Refi. The VA IRRRL is a government streamline Refi for VA loans. There is a .5% funding fee, no appraisal, no income, no asset, no pest inspection, no COE required and most lenders have 0 or a reduced underwriting fee to do these loans. I offer these no cost loans to my clients as a customer service especially when they used me for the purchase loan. Just an added benefit for choosing my company. Our margins on these loans are quite low when compared to a lender sending out flyers that they pay thousands for. Typically these companies spend $10,000 on a flyer campaign to get 2 to 20 loans. That means that each of the actual loans pulled through must bear the cost of the entire flyer campaign that month. I don't have these up front mailer costs so we aren't trying to recoup the investment in mining for loans!! This was an unusually long response but I'm happy to educate all of you on my 18 years of dealing with these pieces of garbage that usually are used to take advantage of you. I keep many of these letters at my office to teach my employees on how others use deceitful messages to sell mortgages. Thanks! Marty And thanks to all of you who have chosen to trust me and my company to serve you. Sent from my iPhone using Tapatalk

RIP[emoji481] Our prayers go out to the families and friends Sent from my iPhone using Tapatalk

My pleasure! Thank you! All of us pilots and vets are in a brotherhood...we gotta look out for each other. Marty Sent from my iPhone using Tapatalk

Lots of refi flyers go out for VA loans that have no idea what rate you have. Watch out for, "No out of pocket costs", means they are rolled in, "do you have a rate over 1.85%?" of course you do! And my favorite, "2.99% fixed, 30 year mortgage" the comma means fixed or 30 year but not a 30 year fixed loan. All these VA flyers that you get look official but in fact they are not. Beware. However, you can still get into a 3.25% fixed rate (15 year) via a VA IRRRL. Sent from my iPhone using Tapatalk

Your rate is untouchable right now and I wouldn't recommend you change a thing. Anyone with a 3.5% or lower is in a great position. A lot of time my job is to recommend to people not to do a refi because I know it's not good for them in the long run. Sorry I don't have more to offer, but this is the ethical answer. Never hurts to ask though. Marty Quick edit: Only thing I would add is that a refi could be beneficial in a situation like yours if you have a lot of equity and could use it to pay off bad debt (credit cards, bad student loans, medical collections, high car payments, etc). Mortgage interest is a tax deduction where other debts are not and interest rates are obviously significantly lower. Additionally mortgage debt is looked upon more favorably with credit agencies. I'm not recommending you to refi for this reason, just using this as an opportunity to providing some education on why someone might refi in order to save in other areas. I've even had people refi to pay for a child's college and wedding. VA cash-out refi's can go up to 100% of the home's value and the funding fee is waived if you have a 10% or greater disability.

Thank you Sir! The credit goes to my great team. They are experts at their job and always put our clients needs above everything else. We truly enjoy it! Thank you for your repeat business! Marty

Thank you for the nice words! I've been flying and doing loans for a long time. I love doing both and honestly just enjoy helping fellow service members and pilots improve their lives with a little financial education. If I can do the loan great, if not it's no big deal. My airline pays me pretty good so I don't have any financial pressure to close every loan. The funding fee chart I attached should explain it more clearly. I'll give you two quick examples... 1)Buying a house for $300,000 and it's the first time you've used a VA loan. If you put 0% down of the 300K you'd pay a 2.15% VA funding fee (300000 X .0215 = $6450) If you put 5% down (300000 X .05 = $15,000) you'd pay a 1.5% VA funding fee (285000 X .015 = $4275) If you put 10% down (300000 X .1 = $30000) you'd pay 1.25% VA funding fee (270000 X .125 = $3375) 2) You PCS'ed and what to buy another house for $300,000 and this will be your second time using the VA loan (pay attention here because this is where you really save by putting money down). Any subsequent use of the VA loan with 0% down increases the funding fee from 2.15% to 3.3%. If you put 0% down of the 300K you'd pay a 3.3% VA funding fee (300000 X .033 = $9900) If you put 5% down (300000 X .05 = $15,000) you'd pay a 1.5% VA funding fee (285000 X .015 = $4275) If you put 10% down (300000 X .1 = $30000) you'd pay 1.25% VA funding fee (270000 X .125 = $3375) Fly safe! Marty funding_fee_table.pdf

If you get 10% disability or more from the VA you will be excluded from the VA funding fee for life. Normally, the first use of a VA will cost you 2.15% of the loan amount. Any subsequent loans will cost you 3.3%. If you put 5% down or more you'll save a significant amount (see my post below for an example). A VA IRRRL costs .5%. All of these significant fees are exempted by having any disability rating making the VA loan the best mortgage possible. I've seen a lot of people spend a lot of money on VA funding fees to just sell the house 3yrs later. You gotta run the numbers to make sure you're making smart financial decisions for your family. Marty Sent from my iPhone using Tapatalk

Shoot me an email or PM with the state (or zip code), credit score, loan amount and if you have a VA disability and I'll let you know what I can do. Sent from my iPhone using Tapatalk

Thank you Sir! Ashley is amazing! We'll work the no-cost IRRRL in a few months. Rates are staying pretty steady right now. If you keep an eye on the 10yr treasury bond you can spot the mortgage rate trend. If the bond increases then rates will trend higher and vice versa. The bond has been as high as 2.62% this year and is currently at 2.15% so now is a good time to get a mortgage or do a refi. https://finance.yahoo.com/quote/%5ETNX/ Sent from my iPhone using Tapatalk

Sorry we don't. I'd be happy to find you another wholesale lender like me up there. Just shoot me an email. Sent from my iPhone using Tapatalk

Thank you gentlemen! You were both a pleasure to work with! For everyone else, interest rates have dipped to pre-election levels so this a great time to buy or do a refi. We're in the process of doing a bunch of 30yr VA no-cost refi's for prior borrowers at 3.5%. If you're sitting above that we'd love to take a look at your numbers for 5mins and see if we can reduce your payment at no cost. Streamlines are super easy and don't require all the paperwork and energy that goes into initial purchase loans. We also just got two more state licenses, NM & UT. Let me know how I can help you... Marty