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Jon - Trident Home Loans

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Jon - Trident Home Loans last won the day on March 11

Jon - Trident Home Loans had the most liked content!

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About Jon - Trident Home Loans

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    Gulf Breeze, FL

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  1. Thanks Bud! Pleasure to work with you too! Glad we were able to save your fam a ton! We’re crazy busy but have been hiring top notch processors from our competitors so customer service doesn’t lapse. A caliber people want to work with A caliber people. We’re also not raising our rates to curb demand like other companies are doing. Never would have guessed we’d see these rates/pricing. If you’re in any type of VA above 3.25% it’s definitely worth a look. If you’re buying using a VA we’re definitely blowing away the competition. I won’t waste your time. Jon jk@mythl.com (850) 972-9938
  2. Thank you! Enjoyed working with you again and saving you even more money. Hard to imagine we’ll be doing any more IRRRLs together after dropping you so low, but always here if you need anything. Jon
  3. In general for 700+ credit score, 25 and 30yr VAs we're at: 2.25%: 300-510K 2.375%: <300K 2.75%: 510K+ All with no discount points and no lender fees. We're pretty much running at max capacity which has been why I've been quiet on here. Lots of lenders have artificially raised rates to slow their new loans which we don't want to do. Happy to help everyone but we just need to space out the volume so we don't kill our team. We're expecting VA rates to stay low for a while. Jon 850-377-1114 jk@mythl.com Online App
  4. High balance VAs are more unpredictable on rates and change more often. I've seen anywhere between 2.375% with 1% in discount points and 2.875% with no points today for over 510K but below 1M. No lender fees on either. Our best money right now is for VAs below 510K. Jon
  5. That sounds legit to me. They are likely just trying to get to you before someone else does so they don't lose a loan they invested in. 2.375% has pretty much been the going rate for primary residence, VA 30yrs, with 720+ credit scores and below 510K. Enjoy the extra money! Jon
  6. Jake, I've heard anywhere from 14 to 45 days on credit pulls. The credit bureaus each have the own policies as I understand it. That being said I've pulled a lot of folks credits and I've never seen rate shoppers hurt by doing multiple inquires within a reasonable period of time. I've also have to refresh credit that expired and do another hard pull and it had no impact. I think mortgages are treated different than credit card, payday loans, etc since they are asset based like a car and shopping around is encouraged. I honestly wouldn't be concerned about it. Jon
  7. I just shop us both around. Don’t think you’re going to go wrong with either NBKC or Trident based on both’s proven track record. Jon
  8. Thanks for spreading the word about us to him. Glad we were able to save him from the bad deal he was getting before. It's hard to believe what other lenders think they can get away with, but people keep using them so unlikely they'll ever change. Problem with NV is we'd have to maintain a physical office in the state and also have a loan officer/branch manager with 2yrs of experience who lives in NV too. Not saying it's never going to happen, but I wouldn't plan on it soon. If we found the right person then absolutely. Jon
  9. Good question... The source document for getting VA entitlement is found in Chapter 2 of the VA lender handbook. https://benefits.va.gov/warms/pam26_7.asp If your Guard or Reserve it's 6yrs of service or 90 days of active duty service. The VA doesn't count being active duty for training (UPT, Basic Training, Tech School, etc). Lenders have no role on determining if someone is good to go for a VA loan, so if they are telling them they will be fine then they are out of their lane. Only the VA can make the call on if someone qualifies or not. I had a Lt reservist not too long ago who was told by another lender that they were preapproved for a VA loan. My first question was did the other lender pull your certificate of eligibility (COE) ( I suspected they didn't and that he didn't qualify yet because all he'd done was training). He didn't know so he called them back and turns out they hadn't pulled it (shocker), yet they preapproved him for the loan. He applied for his certificate of eligibility and the VA denied him because all he'd done was training. Good news is once you do 90 days of seasoning orders you'll be good. You can apply for your COE after the 90 days at: https://www.ebenefits.va.gov/ebenefits/about/feature?feature=cert-of-eligibility-home-loan Hope that helps! Let me know if you need anything else Jon 850-377-1114 jk@mythl.com
  10. No sorry...NV has a lot of requirements for a non-bank lender to get licensed. We’re working on it but don’t see it happening anytime soon. Jon
  11. We’ve been at 2.75 for that scenario for a couple weeks now. It’s not the rate, it’s the breakeven point determined by the closing costs and the funding fee divided by the monthly saving that determines if it’s worth it or not. If you’re not going to own the house much longer than the breakeven then it wouldn’t make sense. Just need to run the numbers and see if it makes sense or not. Every scenario is a little different based on where you live, if you have VA disability, and the loan amount. Jon
  12. My pleasure! Amy and NBKC are great too...not Trident great but I’d rather you use them over some bank who can’t even get the VA funding fee quoted right😉 Jon
  13. It's 1M with zero down 1-1.5M 10% down 1.5-2M 15% down
  14. Million $ question. Mortgage Backed Securities investors on Wall Street set the pricing and banks/mortgage companies originate based on what each rate pays then add their overhead/profit margin. Big banks can be greedy because of name brand recognition plus they have higher overhead, but MBS pay the same to everyone. Some days investors are willing to pay more and some days they are willing to take less all based on demand, risk, cash available, and other investment opportunities. If the demand is there why would you take a lower rate of return? On the other end if you can make more money elsewhere or no one is buying then MBSs have to pay a higher rate of return to get buyers. There is no crystal ball, but I can tell you demand is very high at current rates/pricing. The future of rates is tied to what the broader economy and Wall Street will look like over the next couple years. Lots of opinions and opportunities out there right now. Jon
  15. Rates are at the bottom again and the economy is worse than before. I think rates will stay low for a while. Maybe small swings here and there but overall they should stay low to encourage the economic recovery we need to get back to normal. Just hit me up towards the end of the year. Jon
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