Transcript: PRESENTED BY TALISHA LY AND DUSTIN SELLIN VA HOME LOAN PROCESS WHO WE ARE WHO WE ARE TALISHA LY TALISHA LY SERVED 7 YEARS IN THE ARMY DEPLOYED TO KUWAIT/IRAQ (2010-2011) GRADUATED FROM PITTSBURG STATE UNIVERSITY (2013) WORKED FOR SOCIAL SECURITY ADMINISTRATION (2014-2017) REAL ESTATE AGENT (2017-PRESENT) CURRENTLY IN THE ARMY (8 YEARS-PRESENT) DEPLOYED TO KUWAIT/IRAQ (2010-2011) REAL ESTATE AGENT (2016-PRESENT) DUSTIN SELLIN DUSTIN SELLIN LAWRENCE RESIDENT SINCE 1978 KU GRADUATE 42ND YEAR IN THE LENDING BUSINESS PROCESS VA HOME LOANS FOR 30+ YEARS CHRIS FORBES CHRIS FORBES WHY WE ARE HERE TODAY WHY WE ARE HERE TODAY PROBLEM PROBLEM VETERANS DON'T KNOW THE BENEFITS THEY ARE ELIGIBLE FOR VA BENEFITS GO UNUSED FIND THE INFORMATION ONLINE, BUT THEN DON'T KNOW WHERE TO START/WHO TO CONTACT NOT ALL REAL ESTATE AGENTS OUT THERE KNOW HOW TO WORK WITH VA HOME LOANS/GET YOU THE BEST DEAL WITH THEM EXPLAIN HOW EASY IT IS TO OWN YOUR DREAM HOME USING YOUR VA HOME LOAN BE YOUR POINT OF CONTACT OF FOR ANY QUESTIONS/CONCERNS BE YOUR NUMBER ONE- VA HOME LOAN REALTOR®️ SOLUTION SOLUTION 1. I can only use my VA loan once 2. I'm not sure I am eligible for the VA Home loan benefit 3. My credit is not the best, you have to have great credit to use a VA home loan 4. VA Loans take forever to close Top 4 Myths and Facts on VA Loans Top 4 Myths and Facts on VA Loans REASONS TO USE YOUR VA HOME LOAN REASONS TO USE YOUR VA HOME LOAN QUALIFIED BORROWERS CAN PURCHASE HOMES UP TO $453,100 WITHOUT MAKING A DOWN PAYMENT FHA: 3.5% DOWN CONVENTIONAL: 3% DOWN NO DOWN PAYMENT NO DOWN PAYMENT THIS IS REQUIRE FOR CONVENTIONAL BUYERS WHO CAN'T PUT DOWN 20% PMI-PROTECTS THE LENDER (NOT YOU) IF YOU DEFAULT ON YOUR LOAN NO PRIVATE MORTGAGE INSURANCE (PMI) NO PRIVATE MORTGAGE INSURANCE (PMI) THE VA LOOKS FOR DEBT TO INCOME RATIO OF 50 PERCENT OR LESS THIS RATIO IS HIGHER THAN WHAT YOU WOULD SEE FOR A FHA OR CONVENTIONAL LOAN HIGHER ALLOWABLE DEBT TO INCOME RATIO HIGHER ALLOWABLE DEBT TO INCO... YOU CAN PAY OFF YOUR VA LOAN EARLY WITHOUT ANY FEAR OF GETTING HIT WITH PENALTIES OTHER TYPES OF LOANS CAN PENALIZE THEIR BORROWERS FOR PAYING OFF THEIR LOAN EARLY NO PREPAYMENT PENALTY NO PREPAYMENT PENALTY FUNDING FEES CAN BE WAIVED WITH A SERVICE CONNECTED DISABILITY (10% OR MORE) *VA FUNDING FEES ARE A ONE TIME PAYMENT MADE TO THE DEPT OF VETERANS AFFAIR TO OFFSET THE VA LOANS THAT DO GO INTO DEFAULT. CAN BE PAID UPFRONT OR ADDED ON TO MORTGAGE PAYMENTS UNDER WRITING FEES CAN BE WAIVED WITH CERTAIN LENDERS CERTAIN FEES CAN BE WAIVED CERTAIN FEES CAN BE WAIVED STEPS TO GETTING STARTED STEPS TO GETTING STARTED 1. FIND/INTERVIEW A REALTOR®️ THAT YOU WILL WORK WELL WITH AND WHO KNOWS ABOUT VA HOME LOANS 2. CONTACT LENDER TO DISCUSS/START THE PROCESS OF OBTAINING YOUR VA HOME LOAN. ***LOAN PROCESS WILL VARY WITH DIFFERENT LENDERS. ELIGIBLITY AND DISCUSSION OF THE BEST LOAN FOR YOU WILL BE REVIEWED. WHY YOU SHOULD USE A REALTOR®️ WHY YOU SHOULD USE A REALTOR®️ FIDUCIARY RESPONSIBILITY TO YOU COMPLEX AND EVER CHANGING MARKET INFORMATION NEIGHBORHOOD KNOWLEDGE (PRICE, LOCATION) CONTRACTS AND NEGOTIATIONS ANSWER QUESTIONS AFTER CLOSING HOUSING MARKET STATISICS HOUSING MARKET STATISICS LENDER TIME LENDER TIME CHRIS FORBES (VICE PRESIDENT) QUESTIONS? QUESTIONS?
Transcript: There are over 30 different Chase locations in the 22306 zip code area. Chase is very convenient for loactions. Why I choose Chase I choose Chase because it is with in reasonable distance from where i live. Also the interest rates are good. they have good house loan & car loan policy's. Interest Rates We caution you to keep an eye on your fixed income exposure to ensure that allocations are aligned with your risk tolerance and goals. What worked in the past in terms of income and capital appreciation from your bonds and bond funds may not be as effective in the years to come. Bonds or bond funds that investors historically have viewed as “safe,” and which have rewarded investors handsomely for several years, may pose elevated risks to capital. Regardless of the reasons why you own fixed income investments — as a safe haven when equity markets are volatile; as a source for current income; to capitalize on the tax-free returns of municipal bonds; or as a diversification tool to buffer higher-risk assets owned in a broader portfolio — we recommend that you take a look at concentrations of fixed income in your portfolio with your advisor. Your advisor is available to work with you to assess whether the strategies that served you well in the past are still appropriate. Home loan Chase loacation Car loan Your down payment is the money that you pay toward the cost of your new home at the time of purchase. You borrow the rest from the bank as a mortgage. Required down payments could start as low as 5% of the purchase price of the home. A mortgage from the Federal Housing Administration (FHA) could require just 3.5% and a mortgage from the U.S. Department of Veterans Affairs (VA) may not require any money down. You can apply individually or with a co-applicant. Chase offers car loans for new and used cars from a dealership. Also, you can refinance your existing car loan and possibly lower your rate. Whether you drive a small truck, SUV or minivan, Chase has financing options for new or used cars.
Transcript: The home loan is the authorization granted to users to carry his home library materials. To use the service, users must obtain credentials issued by the Library. Can I borrow 3 books per user per 8 days, entitled to 2 renovations, a total of 21 days; except copies 1, Collection Consultation, Multimedia Collection, FOEH, Children's Reference and Periodicals. Home loan Once the data are checked, it proceeds to take a photograph to generate the user credential. Requirements to process your credential: * Fill request * User: Proof of address CURP identification force e-mail * The guarantor: 18 years
Transcript: Building Conditions Security Swap Redraw Facility Variable rate - Interest rate changes depending on the market and cash rate. Variable rates usually provide a variety of features that can add flexibility and encourage borrowers to pay off their loan faster. Fixed rate - Interest rate remains fixed for an agreed period and then normally converts to a variable rate (unless a new fixed term is agreed). It gives borrowers the certainty of knowing their repayment obligations during the fixed term. •Building Conditions allow a NAB home loan to be used for building or renovating a property •BICOE only available on Interest Only loans effective 15 July 2010 (Building in Course Of Erection) •The loan allows for funds to be progressively drawn as the building progresses •Building conditions are available on selected variable rate loans (predominately Interest only) •Funds are progressively advanced at each stage of building construction and on receipt of the relevant construction invoices Interest Types Principal & Interest (P&I) - Under a P&I loan, each repayment pays off the interest charge and part of the principal Interest-Only (IO) - IO loans exist whereby only interest on the principal is paid over an agreed period. At the end of the interest-only period the loan can either roll into a principal and interest loan or a lump sum payment may be made. Repayments are much lower than a P&I loan as there is no reduction of principal. • The Repayment holiday allows customers who are ahead of their contracted home loan repayments to apply for a break in making their loan repayments • The Repayment holiday acts as a waiver of the contracted home loan repayments for a set period of time •Minimum of $2,000 •The Redraw facility allows users to make extra payments into the home loan and then redraw all or part of the extra payment when necessary •A redraw facility has two main benefits; it encourages borrowers to make extra repayments, thereby saving on interest costs over the life of the loan, and also provides flexible access to funds when they are most needed • Security swap allows a change of security on a customer's existing loan effectively allowing them to move their loan from one property to another Home loan Education A home loan is a borrowing that is taken out by one or more people in order to buy a property. The loan is borrowed from a bank or financial institution and the loan and interest amount is paid off over a large number of years.. What is a Home loan? Repayment Types Useful for investors flipping properties - Check o see if you have this function Rate Lock •The Rate Lock feature allows borrowers to lock in the fixed interest rate that is quoted at the time of their loan approval for 90 days •Rate Lock protects customers against changes to interest rates and provides them with certainty as to which rate will apply to their loan at drawdown or rollover Repayment Holiday
Transcript: FIRST HOME LOAN THE MORTGAGE Now if you want to rent an Apartment you will have to abide by the apartment complex rules and a realtor. Your living expenses will be less, that's if your single, but if your married and live in an apartment your living expenses will be more because more people that live in your apartment means the living expenses going to be more. Real estate broker - is a person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to match up sellers who wish to sell and buyers who wish to buy. Real estate agent- a person who sells and rents out buildings andland for clients. Seller's agent- is an agent that helps homeowners sell their home. Dual agent- is a real estate broker, or agent working for the same broker, who act on behalf of both the seller and the buyer in a transaction. These different types of payments will include in your mortgage such as... ELECTRICITY PAYMENT GAS/WATER PAYMENT PHONE PAYMENT SANITATION PAYMENT Subdivision homes are great to buy because you are a homeowner. You are paying a mortgage but you can decorate and have a style in your own home because your not controlled by a realtor,but you are going to have rules to abide by from HOA. And you can sell your home for a profit when you want to move and buy another home. SINGLE VS. MARRIED BUYING AN APARTMENT If your single and you buy a home, your living expenses can be less than having a family or spouse. It also depends on what type of house it is and the location of the home. And it can also depend on how much your income is too. Now if your married and you buy a home your living expenses will cost more because if you plan on having kids. And home loans will probably be needed if you need them. By:Isaiah O'Nalty SUBDIVISION HOMES Decription of Realtors
Transcript: THANK YOU! AUB HOME LOAN HOME HOME LOAN... is the driving force behind the residential real estate market. Without a home loan, a large portion of the population would be forced to live in rental houses. Because of this facility, one can be a proud home owner without having to have enormous amounts of ready cash. Since they play an extremely vital role in sustaining the real estate market, it is not only home buyers who depend on home loans, but developers as well. IMPORTANCE IMPORTANCE HOME LOAN is the driving force behind the residential real estate market. Without a home loan, a large portion of the population would be forced to live in rental houses. Because of this facility, one can be a proud home owner without having to have enormous amounts of ready cash. Since they play an extremely vital role in sustaining the real estate market, it is not only home buyers who depend on home loans, but developers as well. PROBLEM PROBLEMS 01. 02. 03. iNCREASING RENTAL FEES SOLUTION SOLUTION APPLY FOR A HOME LOAN COMPETITIVE ADVANTAGES COMPETITIVE ADVANTAGES Strength 1 Strength 2 Strength 3 Strength 4 ACHIEVEMENT ACHIEVEMENTS 20% 42% 27% 80% 100% TESTIMONIALS TESTIMONIALS " " " TIMELINE TIMELINE 2016 2018 2017 2019 NOW Q and A Q and A
Transcript: Convenience fixed interest rate starting from 3,61% without processing credit requirement costs without credit insurance cost fixed interest rate for repaiments in period of 20 years without fee for credit maintence fast credit approval after delivering all documents
Transcript: A Home Equity Loan In Conclusion, If you have enough equity in your home and qualify for a loan, it is a great way to finance other things. Surveyor and conveyor or valuation fees may also apply to loans but some may be waived. The survey or conveyor and valuation costs can often be reduced, provided you find your own licensed surveyor to inspect the property considered for purchase. How Does it work? Home equity loans are a line of credit that allow you to borrow money against the value of your home. You must have sufficient equity in your home, meaning your home must be worth more than what you currently owe for your mortgage. The repayment period for a home equity loan is typically shorter than the typical 30 year mortgage. A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral. Home equity loans are often used to finance major expenses such as home repairs, medical bills or college education. Fees What is a Home Equity Loan?
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