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July 16, 2020

Now Working With E Mortgage Home Loans, Quicken Loans Mortgage Services Partner

Hello Super Ultra Mega Savvy Clients,

Some of you reading this have been with me since the beginning, 10 years ago, wow, I can't thank you enough, and of course I know who each and every one of you are, so THANK YOU, THANK YOU, THANK YOU, from the bottom of my heart.

Quicken Loans Mortgage Services, which is the wholesale branch of Quicken, the lender none of you have access to without me or a wholesale mortgage broker, was awesome enough to introduce me to Brett and Jordan, owners of E Mortgage based out of San Diego, CA. I'm honored to work with E Mortgage, they have one of the best reputations in the industry, access to 40 lenders including QLMS and they close loans quickly.

I just quoted several clients that would not stop calling, texting and emailing me while I was working on getting approved here, ;) its OK, I like that kind of harassment, rates at 3.0% and under for 0 closing cost. Yes, its true, rates are under 3% for FREE for a 30 year fixed without pre pay penalties. Not all applicants will qualify for this pricing. To get the best pricing, you need 740+ credit score, 40% + equity and a Debt vs Income of 43% or less. Some lenders will give you even better pricing for higher scores than 740, but normally only if you have less than 40% equity.

One of the largest factors is your loan size, how much do you owe? If you owe less than $250k, you may find it hard to get a no cost rate, and it may not even bee that attractive compared to retail options. You wont even want to call me if your loan is less than $250,000 because how I save you most of your money is by giving you back the extra credit to cover your closing cost, if your loan is under $250k there normally is not extra credit, if there is, it may not be enough to cover all your cost.

Why not just go to a big box bank like Chase, BofA, or Wells Fargo? Retail banks could not give you back the extra credit if they dreamed about it because they are controlled by profit thirsty corporations who just can't help themselves, the greed is built in by their thirst for power. Greed is defined as an excessive desire for wealth or goods. ... What fuels our greed is a hormone neurotransmitter in the brain called dopamine. The higher the dopamine levels in the brain, the more pleasure we experience. Cocaine, for example, directly increases dopamine levels. From what I hear, a lot of these greedy guys use cocaine, I guess they couldn't get enough pleasure from their power so they are still thirsty. When will they learn? Karma says when its too late. If you are one of those guys and you're reading this, just know that I sleep better than you. I don't need excessive money, power or drugs because I learned that the more you have the more you want, you will never be happy until you learn to enjoy what God gave you. You don't have to work for it, its right here in front of you, just enjoy it and treat others the way you would treat Jesus. I would say yourself but some people clearly have no self respect. 


You can read my blogs over the last 8 years and you will see that most of the time, y predictions were accurate, I knew my audience was small when I did so, and I knew at the time people would have a hard time putting any value into what I predicted, however I also knew that if I was right, people might start to listen.

Here is what I predict today, rates will stay low for the next 2.5 years. At what point will they be their lowest, my gut says first Quarter of next year, if not the lowest, very close, don't miss the boat. If you wait to get a loan over the next six months, you will most likely not miss out on much if anything. Put your seat belt on though, because the entire world is going for a wild ride over the next 6 months. Mark it on your calendar and email me then, I'm really curious who is going to do so. If I was wrong and you email me about it, I will mail a classy bottle of Caymous Wine. If I'm right, you will drop your rate with me, its a win win.