You're literally lying because when my grandparents mortgage was switched from Wells Fargo to Mr Cooper not only did the terms of the mortgage change because all of a sudden Mr Cooper did not want to receive automatic payments but also the payment went up from $435 a month to like 478

Love it Matt!

25 percent for mortgage . No more than that to stay on the safe side of probabilities

Don’t go over 25 percent

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I pay my car loan weekly. And add extra all the time.

Matt, Kings had their championship hope shut close when they bypassed Luka and drafted Marvin Bagley . Have you wait another 2 decades to have another shot

Very helpful! Thank you

I think this is a great point you are making, completely accurate and necessary.

Zillow is way off in my area, great video Matt.

paying 30k extra to assume a 2.5 rate loan, is the MIP worth it?

When you get your license you need to hang it with a company no? Similar to a real estate agents license - since MTMG isn’t hiring, how does a freshly licensed person determine where he must hang his license?

If these equity share companies calm down with the equity percentage gouging and undervaluation of the property, it would be an excellent solution! Otherwise, people with bad credit and plenty of home equity don’t have any other options. Frustrating

Great wisdom. When we bought our rental property, we were just below breaking even. But the tax benefit was great. Now it is a source of passive income for us.

That seems kinda evil during a housing crisis

I'd love to assume an FHA or VA loan for a cheaper interest rate, but it means putting $200-300k into a place by me to assume it. Would Freddie work with any loan type for this? With that much money locked up I'd want a way to access it for other uses without refinancing

So basically, the CA Tax Payers are footing the bill so someone else who otherwise could not qualify for a home on their own without the subsidy's suddenly now has a new home. We're seeing this with Student Loan Forgiveness, and the US is going deeper into debt. Good job, CA!! 👍

What a great conversation. Have this guy be a regular sidekick... Imagine the kind of communication that's going to be needed after this ridiculous NAR settlement takes effect. You'll have to contact an agent just to know what the commission is. This lawsuit smelled fishy from the start. It was definitely a top-down, authoritative money grab that was decided in weeks rather than months or years. No one dared to challenge it, even though it could have been an easy win. All NAR had to do was petition all its agents to sign and have their clients vouch for no wrongdoing. Imagine, no one could have made this nonsense law with all those opposing it. NAR and Keller Williams threw in the towel so fast and easily, bowing down to the Ketchmark thief. It was so embarrassing and such a disgrace to have representatives who aren't even willing to fight for their rights. The system has made compliant wimps out of all of us, gearing us up to accept any authoritative false rule they impose in the name of buyer protection. They're literally suppressing sellers' constitutional rights to advertise compensation to sell their homes. What a backward move to remove transparency from the real estate market. Ketchmark and the judge who ruled on this should both be jailed. Ketchmark literally stole the opportunity for millions of Americans to become homeowners. Both sellers and buyers, especially VA buyers, will be affected. I urge you Matt to stand your ground and expose these fraudulent thieves.

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95% of these nut women will accuse father of sexual molestation. She has already hinted around about this to her friends and family...so when the cops arrest him...the friends say "it must be true" also dad is locked up which steals time away from him. document multiple times where she allowed you to take the child somewhere by yourself, then you can say "if she was telling the truth, she would not have been ok with me being alone with my child." Get this documented proof at the beginning....before she accuses you. Be proactive before any accusations even if you think your wife would never do this....over 95% of them will do this.

I was curious about HomeTap for my roof, AC and water heater that all need to be done now. I was hoping not to dip into my cash yet since I have equity too, but watching videos on it to see if they screw you when it comes to liens or the money you end up owing them I am semi retired and living off money I already have so trying to be creative .. thinking maybe put it on O% no interest for 18 months and use cash from my interest earnings towards the minimums the credit cards want that count towards the principal and fees.. Not sure what else to do .. since I have no job can't go for a loan or equity line either

California is a lost cause. People are feeling to red states. You would have to be really dumb to stay in California. It has no future.

can you use your aging parents limited income along with yours (the child) to qualify?

I know many folks that moved out and regret it. They may not have moved back to California, but certainly regret leaving.

Hi matt I'm trying to contact you through the phone number you leave in the video but it dosen't work..I'll go to Arizona this coming Monday ( tour houses ) and have a few questions

Hi! What if I want to refinance? Can I still go through the original mortgage lender (especially since I have an automatic refinance certificate through them)?

Are there other programs now, if parents no longer own hime does their adult children qualify? Federal, county or state programs

Thanks Matt. Great seeing you on skool as well.

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Great Video!

I don't understand why flippers want to throw granite countertops on crappy cabinets. While you're ripping everything out of this nearly condemned house, why don't you actually fix everything behind the walls?

I've just begun to watch this and really wanted to hear what he was saying about which direction the home value went on Zillow once the house was listed. Unfortunately, the woman kept interrupting so much that so far he hasn't been able to give that information which is most interesting. Will watch a little more to see if he gets another chance.

Zillow is actually quite accurate in my area.

Zillow is a GOOD tool you still got to DO your research

Zillow is way off where we are- maybe 20-25% . Her criticism is spot on.

I find them quite spot on, actually. Which is surprising. I just sold my house (privately, without a listing) - according to zillow it was valued at just over what I accepted - which was comp'ed by a realtor and approved by an appraiser. I've owned it for 30 years so no way they could go by past sold price. I found it quite amazing - considering the values in my town have been stagnate for decades - and only recently caught up to the real world in the past 3 years.

That's just basic common sense. Unless you extend the home to add more bedrooms etc.

how can I take advice from you? I dont mind paying your fees

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I actually asked this question regarding mortgages on a velocity banking video on another channel and got nadda. If you have a 6 month emergency fund (and even a credit card), paying extra on the principle makes so much more sense to me. We used velocity banking method to pay off credit card debt, and it worked great. But using a HELOC to pay off a mortgage just seems like a lot of extra steps.

"emailing is so 2005"--- Laughing at my old self watching this video to make sure its relevant

Matt! Thanks for bringing other professionals on to give more knowledge and value! You are an amazing go giver!

I have like zero math cells in my brain, so this is all crazy-making...but I can understand what you are saying. I purchased a home in 2022 and my mortgage company has changed FOUR times, which is also a bit nuts. But this last change has me paying $370 more/month...is that possible?! I talked to the county and my property taxes went up $1400 (I think to reflect the new value of the home), and my homeowners insurance went up $200, but that's $1600/year, not $4,400! I'm trying to get information from them, but I don't have much hope I will understand it, and that leaves me so open to getting scammed. When I call I can either barely understand the person, or they talk way above my head. Who can I have look at this and make sure it's right? My mortgage broker? Thanks!

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Not sure their z estimate considers the photos.. I think they judge a lot based on the prior price of that unit.. we mostly own condos with model matches right next door and the worse looking one often is valued more by 5% or so.. at least the publish the range so you can see their error tolerance is years worth of appreciation, lol

One of the problems that i see is that you need to be making over 150k and have a fairly low dti to be able to get approved for a decent house. If not all you can get is a 200k 1 bedroom apartment…. At least in South Florida

Both of you are only thinking in new buyers because you are in the business making money! But you need to think in people that are paying now half million homes in 7.2 % this is $3,000 + dollars monthly…

I’m so glad I decided to bite the bullet in early 2021 and bought my first home, new construction in Irvine CA. I wasn’t sure what would happen, having bought during COVID, if the housing market would collapse or not. Now I’m sitting on a 2.5% interest rate and have no plans to sell anytime soon. Perhaps if rates drop below 6%, the amount of appreciation I have been fortunate to experience over the last couple years would more than enough to offset the higher interest rate.

Awesome stuff!