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Marty - Trident Home Loans

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Marty - Trident Home Loans last won the day on July 6 2016

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About Marty - Trident Home Loans

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    Crew Dawg
  1. VA Loans

    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
  2. VA Loans

    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
  3. VA Loans

    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
  4. VA Loans

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

    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
  6. VA Loans

    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
  7. Hurlburt info

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

    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
  9. Hurlburt info

    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. http://www.rebuildnwf.org/ Marty Sent from my iPhone using Tapatalk
  10. VA Loans

    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
  11. VA Loans

    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
  12. Herk Down

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

    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
  14. VA Loans

    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
  15. VA Loans

    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.
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