A lot of people get their credit score impacted by medical bills. They assume that the insurance company took care of it. Even if it's a small thing, anything that brings a collector to your door is not going to be a pleasant thing. The great

Investing on contract: caution

Feb 7th, 2020 2m 52s

Never enter into a seller financing situation without being fully and thoroughly versed in exactly what you're doing and the underlying ramifications.

Applying for a loan: Don't lie

Feb 6th, 2020 2m 21s

Help your buyers to be very upfront with your loan officer and with your real estate professional. Don't lie about anything, because it's going to get found out. The things that I have heard just absolutely blow my mind.

Charge offs and judgements on title

Feb 5th, 2020 1m 57s

Those are the couple of things that you really have to deal with in a real estate transaction. And there's some good reason for that. A charge off can turn into judgment, a judgment can affect title and lien your title. So that's the last thing

When is a good time to refinance?

Feb 4th, 2020 3m 21s

If the interest rate drops or you can drop the mortgage insurance and the difference offsets the closing costs, then yes. But when it's just paying off credit cards, unfortunately, I've been doing this 22 years and I've worked with a lot of the

Mortgage Insurance and refinancing

Feb 3rd, 2020 1m 56s

Raise your hand if you love mortgage insurance. This insurance can be dropped with a refinance, but you need to weigh the costs of doing so. Is it the right time?

Interest Rates : When to refinance

Jan 31st, 2020 2m 10s

IF you can do a no closing cost loan then it is a great idea. But most often there will be some closing costs you will need to weigh the length of time you plan to be in the home with the savings and the values that are likely going up. They a

Federal Interest rates and the 30 year mortgage

Jan 30th, 2020 2m 32s

The Federal Interest rate has little effect on 30-year lending rates. Things that do affect it 1- Trade wars 2- Economic uncertainty helps

Mindset and comfor zones

Jan 29th, 2020 4m 42s

Cheryl and Clay talk about getting comfortable about being uncomfortable by getting out of those comfort zones.

2nd Home Mortgage Rules

Jan 28th, 2020 2m 1s

Even if you own your primary home free and clear if you do not plan to live full time in your 2nd home you cannot claim it as a primary residence on the mortgage.

How to properly invest as a self employed individual

Jan 27th, 2020 2m 5s

If you get a loan for an owner-occupied loan is that you need to plan to stay in the property for a year. 3 boxes or choices when getting into a loan 1-Owner Occupied 2- 2nd home 3-investment

Be aware of the things not to do when investing

Jan 24th, 2020 2m 11s

When you are working on getting into investment properties here are some things not to do. Do not get a loan for an owner-occupied property. You may pay a bit more, but you will stay out of jail.

Creating investment opportunities

Jan 23rd, 2020 2m 26s

Creating your own retirement with rental properties. How do we make that jump? What are my options? Using your equity to make that jump.

Real Estate Professionals need to invest in their own retirement

Jan 22nd, 2020 2m 6s

Most real estate professionals do not invest in their own retirement. We get so busy working that we don't stop to look at what we can invest in with real estate.

News: Castle & Cooke National Sponsor for Cheryl and Dynamite Productions

Jan 21st, 2020 2m 19s

New Update: Castle & Cooke are now National Sponsors for Cheryl and her Dynamite Productions due to their core values lining up.

Unmet expectations and keeping a cool head

Jan 20th, 2020 3m 51s

Loan Estimates

Jan 17th, 2020 2m 7s

The loan estimate is just that--an estimate. Several things come into play with this including changes to the purchase price and whether closing costs are included or not,

TRID and APR

Jan 16th, 2020 2m 49s

Another segment on TRID. Today we are talking about APR, Some agents get this wrong. APR is not the same as the interest rate.

TRID: What while restart the clock

Jan 15th, 2020 2m 5s

Cheryl and Clay talk about when the 3-day clock for settlement must restart. When the APR goes up by a certain amount.

TRID day 2 | 3 day rule Lets everyone breathe

Jan 14th, 2020 1m 57s

In the past, we all got to the closing table, took a quick look at the closing documents and watched as our clients nervously signed their life away. Now there is time for them to breathe and make adjustments where needed.

TRID Disclosures

Jan 14th, 2020 1m 56s

TRID: Truth in Lending Disclosure Act now gives your clients time to review the Closing Documents before they sign.

Down Payment myths

Jan 8th, 2020 1m 18s

Clay and John at Castle & Cooke Mortgage touch on the myth that people do not need as much down as they think. There are so many loan programs out there that they should be able to fit just about any need your clients may have.

FHA downpayment can be gifted

Jan 7th, 2020 1m 30s

The 3 1/2 % downpayment may be gifted from certain close relatives and employers under certain conditions.

Down Payment Assistance: Bankruptcy

Jan 6th, 2020 2m 13s

FHA is so much more friendly when it comes to derogatory events such as bankruptcy, foreclosure and short sale than any other loan program. Your clients just might be in a better position to buy than they realize.