Jon - Trident Home Loans

Super common question...the Fed does influence overnight bank rates, but they don’t directly control mortgage rates. The 25bp cut was expected, so it’s not an immediate drop for mortgage rates. Instead, mortgages follow the bond market and future Fed guidance. The market didn't like Powell's press conference so the bond market went up and then has gone up more today so rates are worse today than before the fed meeting. This happened last year too when the fed did their first cut. Some of it is consolidation from the quick rate decline from 6s to mid 5s. No crystal ball but I'd expect we'll 5.75-5.99 for a bit before there is another correction down. Unfortunately there is no way to extrapolate mortgage rates from the fed since there is no connection. You can watch the trend of the 10yr treasury bond...if it's going up rates are getting worse and if it's going down then it's getting better. 4% is a huge resistance level that was tested this run down but never broke. That'll need to break before we start seeing lower rates. The good news is rates are still lower than the summer and we always do our no cost refi's so can continue to step people down as the market moves down naturally. Some good articles if you want to nerd out: https://www.mortgagenewsdaily.com/markets/mortgage-rates-09172025 https://www.scotsmanguide.com/news/will-a-fed-rate-cut-lower-mortgage-rates/?utm_source=originator&utm_medium=news&utm_campaign=newlayout https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx

If you're still in the 6s...no huge rate drops yet but slightly moving down. Every loan is a little different (credit score, property location, loan amount, VA disability or not and what the market is doing), but I'm knocking out no cost streamline refi's for people as the numbers support it. Here is a one pager and example of one closing this week for anyone interested. So everyone understand it we pay for all the third party costs so for them it was $4,717 so it's completely free of a breakeven. That is the total of section B+C+E on page 2. They were only responsible for prepaid interest for the amount of days in left in the month from when they close because they skip their 1 Sept payment which still nets them ahead. You can see their new loan amount is basically identical to the payoff of their old loan (page 1 loan amount vs page 3 payoff). All they did was finance in the prepaid interest but they could have paid that in cash if they’d prefer. They waived having an escrow account (not required with us) but one can be created if they had wanted one. If so then the current escrow balance gets refunded in cash if they have one too. No tricks or scams. We're in the business of originating as many loans as we can especially for prior clients because relationships matter as a word of mouth business and we build a lot of goodwill doing these. I can then rinse and repeat this for them as rates go down more in the future. If you'd prefer not to restart at 30yrs (most people do) I can keep the same payment but shorten then loan duration down (prob shave 3-4yrs off or so). Hit me up if you're interested or want to get on my radar for future market dips. Jon 850-377-1114 https://tridenthomeloans.com/irrrl/ No Cost IRRRL.pdf No cost IRRRL Example.pdf

Thanks man! Definitely a little tricky one but such a cool piece of property! That picture of the massive bear off the trail cam was amazing! Glad me and the team could make it happen! Always happy to help!

Thank you and congrats on your new home! It was a pleasure helping you and I'll be watching rates as they come down to do the no cost streamline refi for you. We certainly try to do our best by everyone we get the opportunity to work with. It's always great working with fellow AF guys! Have a great 4th! Jon

You're good to apply now. The application doesn't expire and the credit report is valid for 120 days and just needs to be good through the closing date. Even for ones outside of 120 days I can just do a soft pull vs a hard pull. Application link below and my personal cell is 850-377-1114. The market is definitely a little weird with everything going on with the government. The bond market is down off it's highs in early Jan so right now we're at 6.125% with no discount points or lender fees on VAs with 720+ credit. Obviously hard to predict the future but it looks like we'll be seeing 5.99% at some point in the not too distant future. I think 5.75% is possible within your timeframe. All that to be said so often the "experts" think they know where the market is going it and get it completely wrong. If the 10yr treasury bond is moving down then mortgage rates are getting better. All that to be said we're still doing the no cost streamline refinances so we'll get you lower in the future without adding principle to the loan. Eric is an awesome realtor in ABQ. He's a retired herk Nav and super good guy. I closed an MC-130 pilot with Eric last year and enjoyed working with him. His cell is 505-306-0527 Cheers! Jon https://tridenthomeloans.com/jonathan-kulak/ jk@mythl.com

Hope everyone had a great Thanksgiving! Just letting everyone know that the new VA entitlement cap is out for 2025 going up to 806,500 from 766,550 for most of the county with higher limits in more expensive parts of the country. This means that all veterans have more entitlement available to get a second VA loan while keeping a previous home that's still on a VA. If you don't have enough entitlement to go zero down you can still get a second VA loan but there is a formula for determining the required down payment. This also means that if we do a no cost streamline refi for you and your loan amount is below 806,500 you'll get regular VA rates vs VA high balance rates which are a little higher. Don't worry, if you don't have a current VA loan outstanding then you can still go zero down without a limit as long as you qualify debt to income ratio wise. Happy to chat through any scenarios anytime! Enjoy the holidays! Jon

I don't pay to advertise or send out mailers but if any of you are sitting at 6.25% or higher on a VA loan that you've made 6 payments on with a loan amount under 766,550 I can drop you down to 5.75% at no cost (I'll pay all the transaction fees to include the VA funding fee) so you don't have a breakeven then we can rinse and repeat as rates go down. I can't do it in FL right now though cause the state taxes push the cost to high. No catches or fine print. If you have a loan above 766,550 give me a call and I'll take a look at what we can do based on your disability status or state you live in. When in doubt call me to check. We have a special pricing incentive for streamline refi's going but it ends on 3 Sept so hit me up sooner than later. Here is the website to knock out a quick app: https://tridenthomeloans.com/irrrl/ Feel free to call me on my cell...850-377-1114. Cheers! Jon

Thanks man! Congratulations again and thanks for trusting me with your new chapter in life! I’ll be here to knock the no cost refi out for you as rates continue their decline. Happy to chat purchases or no cost refi’s with any of y’all. Cheers! Jon https://tridenthomeloans.com/jonathan-kulak/

Thanks man! I’m always happy to help even if I personally can’t be the loan officer. I have a great team of loan officers who are licensed in states that I’m not and Marty our owner covers the rest. We’re still super competitive on our rates…especially VAs. Rates are moving in a good direction again and we only expect to see lower as the year goes on (assuming inflation reports are favorable). Expecting to do a lot of no cost streamline VA refi’s soon but purchases have kept us busy. Always happy to chat! Jon 850-377-1114 jk@mythl.com https://tridenthomeloans.com/jonathan-kulak/

We only lend on existing or new construction homes based on how we’re setup but land loans are definitely available through banks/credit unions. Usually 20% down on them. Market definitely continues to get more favorable. Reach out if you’re PCSing this summer or bought with a high rate. Jon

We do both conventionals and VA construction to perm loans. Not a big part of our business but it's something we can do if it helps. Jon

VAs are now in the upper 5s with no discount points or lender fees. Hit me up if you are purchasing soon or want to take a look at a no cost refi. Happy New Year! Jon

Wanted to pass a quick update since we’re entering the winter PCS season and there has been a lot of rapid improvements in the economy recently. Right now VA rates have come down fast out of the mid 7s to the low 6s and will be entering the upper 5s. Reach out if: you’re looking to buy and want to take advantage of our industry leading rates/no lender costs you’re under contract to buy at a 6.5% rate or higher you could still swap to use to get the lower rates and we can get the VA appraisal transferred over to avoid cost/closing delays. you already closed with a rate above 6.5% already and have made a few payments to do our no cost refi program where you don’t finance any extra principle into the loan cause we pay for the third party costs. The federal reserve announced yesterday 3 predicted rate cuts in 2024 but market futures expect 4-5. The fed is also estimating 4 in 2025 and 3 more in 2026 so rates will continue to decline and we can refinance you for free every 7 months without adding any cost or you having a refi breakeven point. Everyone will be refinancing so even if now isn’t the time don’t forget to get on my radar. We’ve done this no cost multiple refi strategy for years and it works out great for both you guys and for us. Our baseops clients helped build our business to a national leading lender over the years so I will always make sure you get treated the best. Happy to chat about anything/anytime (mortgages, real estate, airlines, or Cat E PIRR CAP-USAF jobs). Link to my website and also to our no cost refi program below. Merry Christmas! Jon Cell: 850-377-1114 jk@mythl.com https://tridenthomeloans.com/jonathan-kulak/ No cost streamline refi: https://tridenthomeloans.com/irrrl/

Assumptions are the best deal out there if you have the time and money to cover the gap between their balance and the purchase price. Mortgage servicers don’t staff their assumption departments well because there is not any money in it for them which is why it takes a long time. I know many of my past clients who have done assumptions but the story is always the same…takes way longer than you’d like, lack of communication/updates, and paperwork can be disjointed. It’s worth it in the end but keep your expectation level low going into it. Once you get into underwriting then the pace picks up. If it doesn’t work out we’re always here to help with a new loan and then we’ll do a no cost streamline refi for you next year as rates come down. Good luck! Jon https://tridenthomeloans.com/jonathan-kulak/

Definitely worth a phone discussion since there are a few variables to ensure a seamless closing...850-377-1114. Some general answer that’d help everyone… 1) Conventional conforming loans (not jumbos) with good credit can go up to 50% debt to income. VAs will go higher…I’ve had a 74% before. All lenders use the same automated underwriting systems so unless they have a self imposed restriction then everyone can go above 41% 2) VAs have the lowest rates usually by .5-.75% on 30yr loans. 15s are pretty similar. 3) You can do a simultaneous sale and purchase with both running in parallel and we don’t need to count the current home as long as it sells prior/we can get a copy of the signed closing docs 4) You can potentially qualify for a second VA loan not contingent on the sale of the current property but there are some VA entitlement numbers we need to run. 5) If you’re retiring or separating within 1yr then you need to build a plan because their are a lot of underwriting rules that apply that we can help you circumnavigate 6) Don’t pay off anything you don’t want to until we run automated underwriting because it may not be needed. Worst case we can exclude it and mark it paid at closing to save paperwork/energy on your part. 7) Preapproval apps don’t expire as long as income/assets don’t change. The hard pull credit report is only good for 120 days and needs to be good through closing but that can always be refreshed. A soft pull is an option but automated underwriting can’t be run off a soft pull so if debt to income is tight then a hard pull is the only way for us to determine what will work. Its always good to build a plan and there is no reason not to start sooner than later especially with major life transitions. Happy to chat anytime. Cheers! Jon 850-377-1114 jk@mythl.com https://tridenthomeloans.com/jonathan-kulak/