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Jon - Trident Home Loans

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Jon - Trident Home Loans last won the day on August 24

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About Jon - Trident Home Loans

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    Gulf Breeze, FL

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  1. Thank you, Sir! It was definitely a pleasure to work with you! Helping good people save a ton of money is the best part of this job. I have 4 kiddos so your Dad compliment definitely means a lot. Enjoy the upcoming wedding and please let me know if you need anything in the future. Have a great weekend! Jon
  2. Just depends...you have to go down by .5% at a min to do an IRRRL. If it's a cheap refi state we've done 3.25% no cost IRRRLs so you don't have a break even and you just save money. If it's a more expensive state or you're paying the cost then I'd run a break even analysis off the costs and saving then compare it to how long you're planning on staying in the house to see if it makes sense. If you're PCSing or selling in the not too distant future typically only the no cost IRRRLs make sense. Best thing is just to do an app on our website or call me so I can run the numbers and see if it makes sense. If we have an app in and I have talked to you then I can also hold it and watch the market for you then auto lock when we hit the right numbers. You're never committed to anything on a refi until 3 days after you close so there isn't any downside by locking or exploring your options. If rates drop then we just cancel the first lock and set you up with a new lock so the first lock is just a hedge. Jon 850-377-1114 jk@mythl.com
  3. That's a great question that I've been getting a lot over the last couple days. This article explains it best but the bottom line is the fed controls short term lending not long term lending and mortgages follow the trend of the 10yr treasury bond. The bond bottomed out a couple weeks ago when we hit a low of 2.875% on 30yr VAs and rates are back to 3.25%ish but it's always fluctuating everyday. The bond was as low as 1.43% but its back to 1.77% which is a significant short term rise and thus the mortgage rate rise. The bond drops when investors moving out of the stock market and into bonds for security during the "sky is falling" events. The increase demand for bonds results in the bond paying lower yields thus mortgage rates paying less to investors in mortgage based securities (MBS). MBS are where every normal loan ends up that is originated in the country regardless of who the lender is. http://www.mortgagenewsdaily.com/consumer_rates/922003.aspx Hope that helps! Jon
  4. Thanks man minus the MC-130 insult...don't lump us gunship guys in with them;) I definitely enjoyed working with you too and am happy we were able to get your family into a great place with a great deal. Let me know if you need anything in the future. Cheers! Jon 850-377-1114 jk@mythl.com
  5. Lots of variables that go into rates but in general you're looking at 3.125-3.25% on 30yrs VAs with a 45 day lock and no points on a non-jumbo. Rates have been moving back up with the 10yr treasury bond off the bottom we hit at 2.875% a couple weeks ago. These are Trident pricing not the national average. Also know that the mortgage market is constantly changing on Wall Street so this post could be completely irrelevant tomorrow. Best thing is just to call me to get a real time quote. Hope that helps get you in the ball park though. Jon 850-377-1114 jk@mythl.com
  6. Sure are and rates are great right now. Give me a ring whenever you have a few minutes. Jon 850-377-1114 jk@mythl.com
  7. lol, thanks man! You're welcome and thanks for the repeat business. No catches ever. We do our best by everyone and we get the "it seems to good to be true" all the time. We treat everyone like we'd want to be treated which is the Trident difference in business today. We want a life time relationship with every client. Everyone will PCS multiple times, go to the airlines, or change houses at some point and will need a lender again. We want to be your first call every time. Cheers! Jon
  8. You’re welcome and thank you! Sorry for the late reply I’ve been flying and kept meaning to reply. Always happy to help out a fellow airline/military guy. Great time to do an any type of mortgage. Definitely don’t hold back from calling us or lump us in with all the junk mail for refi’s that everyone is getting. We’re no pressure and straight forward...wouldn’t ever try to sell you something that wasn’t in your best interest. Only here to help...we make money by providing a great product and service. Not by charging fees or pushing you farther into debt. Jon 850-377-1114 jk@mythl.com
  9. You're welcome! Elena did a great job as always. I still can't believe that local guy was over 1% higher than us. We see tons of quotes from lenders across the country and that was one of the worse. We usually beat everyone but that one was not even a competition. Thanks for trusting us to take care of you and your family! We're always happy to quickly sanity check any rates people are getting quoted without a mass of paperwork or credit pull. Jon 850-377-1114 or jk@mythl.com Sorry, no OH yet. Marty is pushing to get us licensed in as many states as we can over the next year, but it can be a slow process in some states. Banks are automatically licensed in every state. I'll ask around for a good OH lender referral for you. Amy is right on the funding fee stuff. Based on your scenario, you won't be able to get it refunded if you close on the refi before the disability award date next year. The VA is trying to push through claims if you're buying a house so that the award is prior to closing even if you can't get your check until after your official separation or retirement date. You can apply up to 180 days prior to separation/retirement which can definitely help people as they transition out and need to buy a house but want to avoid the funding fee. https://www.va.gov/disability/how-to-file-claim/when-to-file/pre-discharge-claim/
  10. Thank you! That’s the goal every time! Glad you’re happy and congrats on the new place! Jon Quick money saving tip...a lot of people don’t know you can get free money from your realtor towards your closing costs. Not all realtors do it but some who don’t will match these programs cause they want your business. Some money is better than no money. Definitely worth checking out. There are probably more out there but we see these ones a lot. https://www.homesforheroes.com/ https://www.vrebnetwork.com/ https://www.usaa.com/inet/wc/bank_real_estate_rewards_network_main?akredirect=true
  11. Anyone with at least 10% will still be exempt from the funding fee. Your exemption is in the top right corner of you certificate of eligibility. If it's not up there you can put in a application on e-benefits or we can do it through the VA portal. Normally it's updated when you are awarded. If you need to do the app all you need is a copy of the VA award letter. Cheers! Jon
  12. It's somewhat addressed in the circular Amy linked to, but I agree it's not 100% clear yet. Basically the county limits that everything is currently based off will come back into play under the new rules if you're trying to do a 2nd VA will still having your 1st VA hanging out there. They also don't address in their examples if you can plus up the entitlement you have remaining by doing: (purchase price - entitlement remaining) x 25% down on the 2nd VA loan while still keeping your first VA. Hope that'll still be the case. Regardless if you sell and restore the entitlement you'll be back to the no max loan limit again, but the funding fee will go up to 3.6%. I'd definitely recommend trying to save for at least the 5% down payment option for any subsequent use purchases unless you have VA disability (then you're exempt). Cutting the funding fee down to 1.65% or 1.4% is a huge savings. Thanks Amy for getting this circular posted! Jon
  13. Thanks 9! It was a pleasure working with you too! Glad we could improve the deal for you! Rates/pricing changes daily and sometimes multiple times during the day so always do a final check before you lock with someone. There can be a huge difference even in just one day. It's just like buying a stock on the market...Wall Street changes our pricing too. We will always give you the best deal we can when we go to do the lock and float you down for free if rates get better. Jon 850-377-1114 jk@mythl.com
  14. Thanks for promoting us! You were definitely smart to do the IRRRL...saved you a nice chuck of change. We're flexible and IRRRLs are super easy on the borrower part anyway. Nothing like getting the original loan paperwork wise. We enjoyed working with you too! For anyone else interested...read my post from a couple days ago and if you want to explore it without any paperwork or commitment just send me (jk@mythl.com): 1) A copy of your last mortgage statement 2) Whether you have VA disability 3) Credit score Cheers! Jon 8503771114
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