Are you considering refinancing your home or car loan but have no idea what it means or how it works? In this episode, we break down the basics of refinancing and explain how it can benefit you financially. We'll cover the different types of refinancing, the factors to consider before refinancing, and the step-by-step process of refinancing your loan. Whether you're looking to lower your monthly payments, reduce your interest rate, or access cash from your equity, refinancing may be the solution you've been looking for. Tune in to learn more about this powerful financial tool and how it can help you achieve your goals.
00:00 Start
01:08- What is a refinance?
03:19 - How much does it cost?
05:07 - CMG's Rate Rebound Program
09:21 - Pulling out cash from the equity in your home
09:55 - clip on cash out
14:34 - Using some of the equity in your home to buy another property
19:41 - Short term rentals
23:13 - Long term rentals
27:23 - Have the conversation with your mortgage professional about the potential to refinance
28:55 - Connect
NH Housing has some breaking news on 2-4 unit home loans!
5% down payment, NO MONEY down payment, OH MY!
Check out more content at Rich's page https://www.youtube.com/channel/UCp_633M6IUmjFs1Gan-NnWA
Rich Racine
Rich@racinerealtyteam.com
603-665-0550
Mat MacDonald
mmacdonald@cmghomeloans.com
(603) 506-5858
Content: 00:00 - Show start
5:46 - The rates are what they are
8:42 - Let’s talk about NHH
11:56 - DPA
17:12 - What’s the catch with NHH?
21:52 - No self sufficiency
25:42 - Be a millionaire in 10 years
29:42 - Two family to single family
33:03 - What do you want to know more about?
Content
00:00 Start
02:48 - What is FHA Self sufficiency?
04:30 - FHA Buyers are getting screwed - clip
07:15 - Interest Rate Buydown Hack - Clip
11:15 - Seller strategy
13:30 - Clip
14:40 - Lease agreements you can’t argue
15:24 - Some sellers are doing themselves a disservice by not charging market rents
17:45 - Multifamily sales are not slowing down
19:15 - Where do rates need to be to make this work?
20:30 - Sellers need to be aware of accepting an FHA offer
24:00 - Income limits
26:00 - Self sufficiency is there for a reason - clip
28:00 - What to expect with rates in the upcoming market
32:00 - We’re still in an appreciating market
35:00 - Connect
Rich Racine
603-255-5224
rich@racinerealyteam.com
www.findnhhomesforsale.com
Mat MacDonald
603-506-5858
mmacdonald@pmlhomeloans.com
www.findnhhomesforsale.com
Mat and Rich discuss the homes available on the market in different price points.
First time home buyer
Step up buyer
High end buyer
Mat helps break down the monthly payment within each category of buyer!
#firsttimehomebuyer #realestateinvesting #newhampshire #realestate #mortgage
Rich Racine - 603-255-5224
Mat MacDonald - 603-506-5858
Mat and Rich discuss the homes available on the market in different price points.
First time home buyer
Step up buyer
High end buyer
Mat helps break down the monthly payment within each category of buyer!
#firsttimehomebuyer #realestateinvesting #newhampshire #realestate #mortgage
Rich Racine - 603-255-5224
Mat MacDonald - 603-506-5858
In this episode, Riley Knox of Knox Home Inspection chats with Mat and Rich about the inspection process, the most common things he sees, and why it is crucial for buyers and even sellers to get a home inspection.
Contact Mat: 603-475-5471 mmacdonald@pmlhomeloans.com
Contact Rich: 603-665-0550 rich@racinerealtyteam.com
New Year, New Me!
Vision Boards, Notes, Positive Mindset
Check out more info on Mat & Rich at www.findnhhomesforsale.com
Content:
00:00 - Welcome Rob Hart of the Title Team
01:13 - Rate Update
02:29 - About Rob & The Title Team
07:14 - Making sure everyone is paid
10:30 - Doing due diligence
13:00 - Your agents should know what they’re doing
14:14 - Is title insurance a scam?
16:27 - Title fraud is real
21:27 - Current use
23:35 - Warranty deed
25:59 - Joint tenants
30:08 - Preparing for worst case scenarios
32:29 - LLC’s & Trusts
39:20 - Closings anywhere
43:04 - Escrow holdbacks
47:54 - Connect with Rob & The Title Team
Episode Content:
00:00 - Rich’s intro
03:15 - If you have money why wouldn't you just put it in the stock market?
06:12 - How to analyze an investment property
09:15 - Property Cashflow Analyzer Spreadsheet
10:56 - Now is the time to act
16:01 - Mortgage info
17:47 - It's all about strategy, what's the plan?
19:18 - Ratio information
22:24 - Operating expenses
27:43 - Market rent
29:56 - Renovation
33:37 - Analyzing the return
38:50 - Contact Rich & Mat
Connect with Mat:
603-475-5471
@mmacdonald01
Connect with Rich:
603-665-0550
@richjracine
Episode Content:
00:00 - Rich & Mat’s Show Intro
03:35 - Mat's rate update
08:40 - 10 Year Treasury Bond and Mortgage Rates
12:37 - There's very little competition, buy now
16:18 - Why should i not buy for the most that I'm pre-approved for?
22:37 - Client success stories
32:10 - Other podcasts & books to check out
42:37 - Connect with usq
Connect with Mat:
603-475-5471
@mmacdonald01
Connect with Rich:
603-665-0550
@richjracine
Episode Content:
00:00 - Welcome Krysta!
02:15 - What's the first thing a Processor does after receiving a loan submission?
05:42 - 3 Key things to get the closing disclosure out
09:00 - Avoiding borrower burnout
10:45 - Proactive loan processing
20:42 - Clear to close
22:28 - Understanding title's process
24:20 - Rate update
26:11 - Good news for first-time homebuyers
30:11 - 3-2-1 Temporary rate buydown
32:03 - Opportunities for all types of buyers
Connect with Mat:
603-475-5471
@mmacdonald01
Connect with Rich:
603-665-0550
@richjracine
Episode 18 Content:
00:00 - Intro
00:41 - What is an EMD and why do we need it?
03:32 - What is a 1031 exchange?
04:52 - Difference between a mortgage broker and a hard money lender
08:02 - The difference between a mortgage broker and mortgage lender
10:46 - What is a USDA Loan?
Connect with Mat:
603-475-5471
@mmacdonald01
Connect with Rich:
603-665-0550
@richjracine
Episode 17 Content:
00:00 - Welcome Marc Beshears
01:27 - How Marc got started in real estate
05:14 - Marc's introduction to whole life insurance
09:55 - When you invest you also mm introduce risk
11:48 - Bank on yourself
16:41 - Real life applications to being your own bank
20:53 - Tax benefits
22:55 - Whole life vs term
26:04 - Loan specs
33:09 - ROI when reaching retirement
35:35 - Everyone needs cash reserves
38:53 -Being protected with life insurance
42:02 - What if I want to stop the policy?
44:33 - Accelerated death benefit
46:04 -Your money making you more money
49:51 - Why is this type of life insurance different than the rest?
56:10 - Generational change
58:21 - Connect with Marc
Connect with Mat:
603-475-5471
@mmacdonald01
Connect with Rich:
603-665-0550
@richjracine
Episode 16 Content:
00:00 - Start
05:47 - The bubble is popping!
11:12 - The bubble will affect certain markets differently
13:07 - Increase rent payment
15:26 - Experts opinion on what's going to happen
19:03 - That first home spring boards you into the next home
21:41 - Let's get creative in this market
29:58 - We're not in 2008
37:03 - Rich's client appreciation event 11/2
Connect with Mat:
603-475-5471
@mmacdonald01
Connect with Rich:
603-665-0550
@richjracine
Episode 15 Content:
00:00 - Start
00:38 - Rate update
05:27 - Housing market update in Massachusetts & some areas of NH
07:21 - Buyers are thinking twice about their options
10:08 - Why the heck would someone live in Southern NH?!
12:19 - The demand to live in Southern NH
13:38 - Proximity to Boston
15:04 - Living in an appreciating market
18:16 - Schools, health care, & job market
26:48 - Cons to living in Southern NH
Connect with Mat:
603-475-5471
@mmacdonald01
Connect with Rich:
603-665-0550
@richjracine
Episode 14 Content:
00:00 - Show Start
02:48 - Good new for homebuyers
03:36 - Don't let the interest rate be the only deciding factor when buying a home
05:14 - It’s never a bad time to buy real estate
08:00 - Connect with Mat & Rich
Connect with Mat:
603-475-5471
@mmacdonald01
Connect with Rich:
603-665-0550
@richjracine
Episode 13 Content:
00:00 - Show Start
01:57 - Meet Matt The Lumberjack Landlord
06:26 - What’s the 4-3-2-1 Strategy? Reel*
15:17 - You got rocks in your head if you’re in your mid-twenties and you’re shopping for a single family home
20:03 - Personal Financial Statement and how much you’re actually worth means nothing
24:33 - Home prices forecast
26:23 - The next problem to manage with rentals
30:40 - Stress test your own portfolio
32:56 - Advice for young investors
35:13 - The way to get to wealth by creating multiple income streams
40:36 - Getting a good deal
43:50 - You should be doing all your homework now!
Connect with Mat:
603-475-5471
@mmacdonald01
Connect with Rich:
603-665-0550
@richjracine
Rich & Mat talk about the temporary rate buydown and how it gives homebuyers an extra flexibility with a lower monthly payment by offering them a fixed rate temporary rate buydown to lower their interest rate at the start of their loan. 2-1 and 1-0 buydown options are great for borrowers who expect an increase in their income in the next few years or who have excess seller concessions to use!
Episode 12 Content:
00:00 - Intro
01:01 - What are the rates this week?
05:06 - First time home buyers usually don't remain first time home buyers
06:30 - What's a temporary rate buydown?
12:00 - Why a temporary rate buydown vs buying down points?
20:02 - Creative lending in this market
27:04 - It's never a bad time to buy real estate
31:43 - The problem we're going to see in the next 6 to 8 years
Connect with Mat:
603-475-5471
@mmacdonald01
Connect with Rich:
603-665-0550
@richjracine
Rich & Mat compare what it would cost a home buyer if they were to buy down the rate vs putting down a higher down payment.
Episode 11 Content:
00:00 - Intro
03:17 - Buying down points
05:17 - Comparison of a $300,000 purchase
09:25 - Comparison of a $500,000 purchase
11:29 - Seller Credit
13:09 - Temporary buy down
17:05 - Where are the rates going?
19:45 - When recessions happen is when your money is made
Connect with Mat:
603-475-5471
@mmacdonald01
Connect with Rich:
603-665-0550
@richjracine
Rich & Mat talk about all the differences in getting a mortgage through a big bank vs a local mortgage broker.
Episode 10 Content:
00:00 - Intro
01:16 - Why use a local mortgage broker vs a big bank?
04:16 - Pre-approval process
10:00 - Underwriting
13:49 - Processing the loan
17:51 - Closing
20:08 - Communication with the client
24:18 - Buying down the interest rate
26:14 - They’re 9 to 5 Monday through Friday
27:25 - Big retail lenders
29:20 - Advising the buyer or seller on their best options
Connect with Mat:
603-475-5471
@mmacdonald01
Connect with Rich:
603-665-0550
@richjracine
