Strengthening Your Financial Foundation

For many U.S. military veterans transitioning back to civilian life, the complexities of the financial world can seem daunting. Navigating the maze of credit scores, reports, and the implications of each decision on one’s financial health can be overwhelming. As we delve into Day 2 of our month-long series on credit repair for veterans, we’re focusing on credit basics – the fundamental knowledge every veteran should have about credit to lay a solid foundation for financial stability.

Understanding the Cornerstone: What is Credit?

In simple terms, credit is the trust which allows one party to provide money or resources to another party wherein the second party will repay the first party at a later date. In the modern financial landscape, credit usually comes with the understanding that there will be interest or additional charges involved.

For veterans, understanding credit is especially important. As you reintegrate into civilian life, credit will play a pivotal role in determining everything from the kind of house you can afford to the type of car loans you’ll qualify for.

The All-Important Credit Score

At the heart of the credit system lies the credit score, a numerical expression based on the analysis of a person’s credit files. This score, typically ranging from 300 to 850, is an indicator of your creditworthiness. Here’s what the numbers generally mean:

• 300 – 579: Poor

• 580 – 669: Fair

• 670 – 739: Good

• 740 – 799: Very Good

• 800 – 850: Excellent

The higher the score, the more financially trustworthy you appear to lenders. A higher score can translate into better interest rates, higher loan amounts, and more favorable financial opportunities. For veterans, a solid credit score can simplify the home-buying process, make car loans more affordable, and even play a role in job applications in certain sectors.

Diving Deeper: The Credit Report

Supporting this score is your credit report – a detailed record of your credit history. The report includes:

• Personal Information: Your name, address, social security number, and possibly employment information.

• Credit History: This encompasses credit cards, mortgages, student loans, and other borrowing activities.

• Public Records: This can include bankruptcies, tax liens, and civil judgments.

• Inquiries: A list of companies or entities that recently checked your credit report.

For veterans, it’s vital to check this report annually. The transition from military to civilian life can sometimes come with financial challenges, and it’s essential to ensure that all information on your report is accurate and reflects your financial habits.

Factors Affecting Your Credit Score

Several elements determine your credit score, including:

• Payment History (35%): The record of your on-time payments. Late payments can significantly harm your score.

• Credit Utilization (30%): How much of your available credit you’re using. It’s generally advised to keep this ratio below 30%.

• Length of Credit History (15%): The age of your oldest credit account, the age of your newest credit account, and an average age of all your accounts.

• Types of Credit in Use (10%): A mix of credit cards, retail accounts, installment loans, mortgage loans, etc.

• New Credit (10%): How often you’ve applied for and opened new credit accounts.

Understanding these factors is crucial for veterans. As you make financial decisions post-service, knowing what affects your score can help you make informed choices that bolster your financial health.

Empowering Veterans with Credit Knowledge

Knowledge is power. For veterans transitioning back into civilian life, understanding the ins and outs of credit can be an invaluable tool. This knowledge not only helps in immediate decisions, such as buying a car or home, but also long-term financial health, ensuring that the sacrifices and services rendered to the nation are met with financial stability and prosperity in civilian life.

As we journey through this month-long exploration into credit repair for veterans, our aim is clear: to equip our heroes with the knowledge and tools they need to thrive in the financial landscape. Today’s dive into credit basics sets the stage for more in-depth discussions, strategies, and insights, all tailored to help veterans shine in the world of credit.

I went to the Illinois Institute of Technology in Chicago Illinois to study metallurgical engineering which was borderline the Robert Taylor Housing Projects a gigantic subsidized Housing Project in Chicago’s most dangerous section, the near South Side by Comisky White Socks Baseball Park and near Chicago’s China Town. The Robert Taylor Homes was a notable Chicago public housing project. Here are some important facts about the development:

Location: It was in Bronzeville, a neighborhood on the South Side of Chicago.

Size and Scale: At its height, it was the biggest public housing development in the United States.

Construction: The Chicago Housing Authority (CHA) built it between 1959 and 1962 as part of an urban renewal program.

It is named after Robert Rochon Taylor who was an African American activist and also served as the first Black chairman of CHA.

Structure: The complex had 28 high-rise buildings, each one being 16 stories tall and containing 4,415 apartments.

Population: It held up to an estimated 27,000 residents at its peak time.

Demographics: Most inhabitants were African Americans living below poverty line.

Problems: With time this project came to be notorious for extreme levels of poverty, gang activity, crime among other things like these .

Decline: Declining living conditions due to poor maintenance; lack of resources; concentration of poverty .

Demolition : In accordance with Chicago’s Plan for Transformation , demolition started in 1998 and ended up seven years later – in 2007th .

Replacement : Area has been redeveloped with mixed-income houses under Legends South initiative since then till now .

Legacy : Standing as symbols for all that went wrong with high rise public housing projects across America; they also influenced future urban planning strategies entailing construction affordable homes within cities themselves.

The history behind Robert Taylor Homes mirrors wider problems faced by US cities during second half twentieth century such as racial segregation policy making on part local governments demarcating poor areas from those deemed suitable for whites only increased levels welfare dependency resulting from limited employment prospects among black communities etcetera thus becoming widely studied sociological phenomenon which continues informing debates over inner city regeneration schemes aimed at providing affordable accommodation options

https://youtube.com/shorts/KC9wPiyoO1E?si=nX37Fn56CsmxX-q0

• This discussion was modified 9 months, 3 weeks ago by  Gustan Cho.

My name is Wilson, and I’m an old leather baseball glove purchased in 1966 by my owner’s father for his tenth birthday. The joy I brought to that young boy was unimaginable. The gift was presented soon after the Baltimore Orioles beat the Los Angeles Dodgers in the 1966 World Series. Nothing made the boys’ dad more proud when the Orioles beat ‘Da Bums.” I was a tad stiff when I started out, but the constant pounding of a baseball into my pocket loosened me up. My boy would oil me regularly and keep me under his pillow when he slept.

The very next day after I arrived, I was taken to the sandlot to show off to all his baseball buddies. I was truly the center of the universe for the boy. Every day after school, my boy would run home and gather me up with bats and balls and head to the sandlot. I am made from cowhide, and my name, Wilson, is stitched on my wrist. My lacing is hand-sewn with all the appropriate knots. My outer shell is durable and can withstand all types of weather, while my inside is soft and cushioned. I can still feel the perspiration of my boy; his fingers were molded to the exact shape of my insides.

I thought for years my name was “I got it.” When ever a ball was hit to my boy, he would start to run in the outfield, and after a good chase, he would yell, “I got it!” So I called myself. “I got it, Wilson.” Each summer was always anticipated with great pleasure. I played game after game all season long, and even when baseball season was over, I was still playing against the garage. Always ready to play catch with my boy, his dad would join us and teach my boy all the rules of baseball.

We hung out all through high school, and I was always in his Baltimore Oriole duffle bag. We were both back out on the field after school every day, if not playing a game, just playing catch. Oh, how I miss playing catch. That was 1978, when he graduated high school and went off to college, but I didn’t make the trip, and here I sit.

I would be brought out occasionally when he got older, and he played softball with his pals when he came home. Softball is not the same; the ball is too big and heavy. I much prefer a real baseball. As the years passed, I was used less and less. I no longer slept with my boy, and at times I felt I was simply not of use to him. I was regulated to the garage, where I sit on the top shelf behind the Christmas decorations, far out of site. I hope some day I can be used again. I am ready to go in coach. Play me; don’t make me sit and gather dust. As time passes, now, after three years, I wonder my fate. I am old and stiff, probably riddled with arthritis. I wish my boy would oil me again; ah, it felt so good! Alas, my fate, oh, wait, someone is coming. I hear the garage door open. They’re walking towards me; they’re moving the boxes in front of me. Can it be freedom again? No, no, don’t walk away! It was the Christmas decoration they needed. One more holiday spent without my boy. It will soon be 1982, and he should be finished with college. Maybe when he comes home we can play catch agin if this old piece of rawhide will hold together with its tattered, leather lacing.

At last, great joy! My boy is home, and we can play catch! It has been years since he held me. Why isn’t he coming into the garage? Doesn’t he miss me? Oh boy, it’s Wilson. Remember me? Remember, “I got it.” Wait, here he comes. Finally, he is moving the boxes away. He’s coming for me. Please oil me; he’s walking away! He needed more Christmas lights for the tree. He did glance at me, didn’t he? I’ll wait; he will come for me.

Boy, am I getting dusty back here? My boy has been home for a year, and we haven’t played catch. He has forgotten me. I am so lonely; I wish I had a baseball to hold on to. I recall the first day he got me. Where is that magic? You showed me off to your friends; you carried me everywhere. You oiled me and kept me flexible. Now I am dried up and cracking, and that hurts. Whenever I cry, the cracks get worse. I must be used, or I will wither away.

I haven’t seen my boy in three years since he came home from college, not even a softball game with his buddies. I am so lost. Where do I belong? I remember kids talking about a hall of fame where special gloves, bats, and balls go when they are famous. I’m not famous; I never left Maryland. Someday I will be on the field shagging fly balls, feeling the summer sun on me. I miss the sweat from my boy. Here he comes again. I am not getting my hopes up high; I have been disappointed too many times in the past. Slowly, he moves the dozens of boxes of Christmas decorations. I am far in the back, and every year I get pushed further back. I hear him getting closer. “There you are, my old pal Wilson; I’ve been looking for you!” Looking for me, I have waited over ten years for you; this is where you left me. “ Gotta get you oiled and flexible again.” I’m being oiled!!! Horray! Finally, we can play catch. He is putting me in the car; where are we going? “Hey Wilson I have a surprise for you—someone new to play with.” I’m given a second chance to run around the outfield and scoop up ground balls at third base. Boy, oh, boy, baseball! Hurry up, I’m twenty-eight years old; that must be a hundred in glove years.

We entered what appeared to be his new home, much better than my last place. He walks over to a crib with a baby boy dozing. “Son,I want you to meet Wilson.” Slowly, the baby wakes up, and a smile is brought to his face. Oh, how cute. What’s that? You’re putting me in the crib to get to know the baby! This can’t be. He’s putting me in his mouth; he’s chewing my laces! Make him stop, boy, please! Suddenly, the baby throws me out of the crib. What’s that? You didn’t like the way I tast. I’m a genuine, 100% rawhide from a cow; a kid must be a vegan.“ Here, son, sleep with Wilson as I once did. Before you know it, you and I will be playing catch with Wilson. Soon after that, Wilson will be yours.” I have a new home, the boy’s boy! I will play catch, run down fly balls, and stop those nasty one-hoppers in the infield, and most importantly, I get to hear, “I got it.”

Gustan Cho, President and CEO of Lending Network, LLC has announced today that Lending Network, LLC is officially offering $250,000 Business Credit Cards to help small business owners with liquid working capital. Lending Network, LLC will be offering the business credit cards directly through its correspondent consumer lending channels. For more information contact us at Lending Network, LLC contact@lendingnetwork.org.

https://lendingnetwork.org/business-credit-cards/

• This discussion was modified 9 months, 2 weeks ago by  Gustan Cho.
• This discussion was modified 1 month, 2 weeks ago by  Sapna Sharma.
• This discussion was modified 1 month ago by  Sapna Sharma.

lendingnetwork.org

$250K Business Credit Cards

Small Business owners can get $250,000 limit business credit cards if their business is under an LLC and have been in business for two years.

Democrat Doctor says Joe Biden has Parkinson Disease and states the signs of the disease. The doctors symptoms explains what Joe Biden is going through

It’s a must watch video.

https://youtu.be/qDnCAFptBJQ?si=7t0KCenCTjQiCIjH

https://www.youtube.com/watch?v=cKu-h5HIjashttps://www.youtube.com/watch?v=cKu-h5HIjas

Allan Greenspan is remembered as the man who broke America. Alan Greenspan: Biography, Professional Life and Legacy

Beginnings of His Career and Education

Born on March 6, 1926, in New York City, Alan Greenspan grew up in a Jewish family that nurtured his talents in mathematics, economics, and music from an early age. He attended Juilliard School, where he studied clarinet and saxophone before transferring to New York University, earning a bachelor’s degree in economics summa cum laude in 1948. In 1950, he received his master’s degree in economics and a Ph.D. from NYU, completing it in 1977.

Career Highlights

Private Sector:

Alan sharpened his economic analysis skills in the early 1950s at the National Industrial Conference Board (now known as The Conference Board).

In 1954, he co-founded Townsend-Greenspan & Company Inc., an economic consulting firm that provided economic analysis and forecasting for corporations and financial institutions.

Public Sector:

From 1974 through 1977, he served under President Gerald Ford as Chairman of the Council of Economic Advisers, which, among other things, dealt with inflation during those years, which had been ravaging many economies around the globe, including the US economy.

He was appointed by President Ronald Reagan in 1987 to be chairman of the Federal Reserve Bank until his retirement in 2006, having served four presidents, namely Reagan, Bush, and Clinton.

Federal Reserve Years

Monetary Policy: Known for being cautious about adjusting interest rates when necessary so as not to interfere with efforts towards controlling inflation through monetary policies adopted by the Fed under leadership such as him, who were most concerned about their primary function, which was maintaining price stability over long term horizon within USA economy thereby contributing significantly towards growth sustainability over the period while still catering for employment creation needs especially during booms but also managing threats posed by recessions which may emerge along business cycles accordingly.

Economic Crises: During his tenure, financial crises occurred, such as Black Monday 1987, the Savings and Loan Crisis of the late 1980s, and the Dot Com Bubble Bursting in the early 2000s. He successfully managed all these crises, hence earning him a reputation worldwide for stabilizing economies through appropriate measures taken at such critical moments.

Criticism: Some people blamed Greenspan because they believed that his support of low-interest rates in the fire of the 21st century contributed significantly to hesitantly towards, the housing bubble le, thereby causing the global financial meltdown Great Recession, implied as the Great Reces2007 and occurred between the years 2007 and 2008.

Legacy and Influence

Economic Philosophy: Many describe him as a libertarian who advocated for free market economics. According to this school of thought, government intervention should be minimal, if any, since markets are self-regulating.

Publications: he has published several books, including “The Age Turbulence: Adventures New World” (2007). In these, he shares personal experiences throughout his lifetime, especially during periods when various economic policies were being formulated or implemented by different governments around the globe, hence gaining insights on what works best under given circumstances within such volatile environments.

Post-Fed Career: after leaving office, I founded Greenspan Associates LLC. This advisory firm still contributes greatly towards shaping future generations through mentorship programs designed specifically for those pursuing careers in the financial management services industry.

Personal Life

Alan married Andrea Mitchell, a journalist, in 1997. He is known to be a very private person and often engages in other intellectual pursuits besides his work, like studying philosophy or playing musical instruments such as the piano. Alan Greenspan’s life and Career have been one of the most influential in modern history. In particular, his time served at the Federal Reserve Bank will forever remain pivotal for inflation control and local and international crisis management, even though some may argue about its long-term implications. Nonetheless, it cannot be denied that this man has greatly shaped our current economic landscape nationally and globally.

https://youtu.be/5KV0u7rby14?si=ufsX0WdCmcRWhrl8

• This discussion was modified 9 months, 2 weeks ago by  Gustan Cho.

It is no secret Joe Scarborough is Joe and Jill Biden’s number one ass kisser. Joe Scarborough has brought five star coverage of Joe Biden and unanimously crowned 👑 himself Joe Biden’s number one ass kissing freak show. Scarborough is thought about as the World’s biggest idiot and nobody respects him nor his show. He seems he’s more mentally ill than Joe Biden and is in the state of denial about how bad the economy is under Joe Biden’s watch. However, after Thursday’s Presidential debate with former President Donald Trump, the Biden Ass Kissing Freak Joe Scarborough 😜 seems he’s calling it TRUCE. Watch this video clip.

https://youtu.be/7mZ2VSoCZ38?si=ILpUX3ci1yDIK79V

Phone rings: “Hello, this is the home of the next president, Jill speaking.”

Hello, Mrs. Vice President, It is George Stephanapoulos. I hope all is well. May I please speak to the president?”

“Joe, the phone is for you; it’s George; he wants to talk about the next debate.”

“Hello, George, how is Martha?” “Pardon me, Mr. President, it’s George Stephanapoulos, not George Washington.” “I’m sorry, George. I just woke from my nap.”

“Mr. President, it’s only 10 a.m.” “Yes, I realize that. My naps are very important.”

“My first question, sir, is: “How do you plan to help the economy?”

“Depends,” “Can you elaborate a bit more?”

“Depends,” “Okay, then, Mr. President, how will you help the immigration problem?”

“Depends,” “is this the way your answers will go during the debate?”

“Depends,” “one final question that the whole country wants to know: boxers or briefs?”

“Depends.”

Joe and Jill went up the Hill, for nearly 50 years

When Joe fell down he gave his crown

To Jill before he drowned

Jill wore the crown without a frown

Joe and Kamala were in tears

Jill stayed on the Hill until it was time

To send sleepy Joe to his early bedtime

Kamala waited and waited for Joe to wake

Jill shook Joe but it was too late

So the two planned another date

Jill and Kamala went up the Hill

And lived for twenty more years

They ruled without any fears

Until one day when when it was still

Donald Trump had his fill

And they all come tumbling down

https://www.linkedin.com/pulse/foreclosure-numbers-fall-july-starts-decrease-nationalmortgagenews/

linkedin.com

Foreclosure numbers fall in July as starts decrease

Foreclosure starts dropped for the first time in three months, although repossessions ticked up, as rising property values may be easing some difficulties facing struggling homeowners, according to a report from Attom. The number of overall foreclosure filings, consisting of … Continue reading

Does anyone k now or have confirmation of who the Presidential candidates as well as their Vice President running mates are for the Presidential Election of 2024? I know former President Donald Trump has the Republican nomination for President but who will be Donald Trump’s Vice President pick? It seems like former President Donald Trump does not have a good track record of appointing loyal team members. All of his picks for top positions have turned on him including Mike Pence as his Vice President, Rod Rosenstein as his Attorney General, James Comey as his FBI Director, Nikki Haley, Mark Meadows as his Chief of Staff, and dozens of other key cabinet members he chose. As for Joe Biden, is he on planning to run another four years? Will Kamala Harris be his Vice President? There is a lot of rumors from both sides of the isle that Joe Biden is too old to run at 81 years old and Michelle Obama may be the runner up for the Democrats. Its almost July and the Election of 2024 will be in a few months which is right around the corner. Whoever the runner up is, hope the Democrat candidate will be truthful, transparent, not lie, and most important of all, be competent and have the United States at heart and best interest of American. The economy is in bad shape, inflation out of control, unemployment rate at an all time high. American worker’s wages are down 20% from 2019 while the price of goods and services are double. Homeownership is out of the question for middle American wage earners.

https://www.youtube.com/watch?v=LgFHQrSD5e0

Promotion of a forum requires the right kind of involvement as well as contribution to the community. Below are some tips that can help you promote a forum successfully:

Select Appropriate Forums

Find Your Niche: Look for forums within your niche and where your target market hangs out. For example, if you provide web design services; find web development, marketing, SEO among other web design focused forums.

Research Active Communities. Make sure that the forums are active with regular members’ engagement. An active board is likely to give positive results.

Join as an Individual

Know The Rules: Take time to understand how the forum operates including rules and guidelines so that you do not get banned for violating them.

Fill Out Your Profile: Include relevant information about yourself in your profile such as interests and expertise areas; this will help build trust among other participants who may want to engage further with you based on what they see there.

Create A Signature: Have links leading back into your social media accounts or even subtly linking back to own site through signature space provided by some sites if allowed thus promoting passively rather than being intrusive.

Build An Attractive Profile

Give A Detailed Description: Write down all experiences gained so far together with skills acquired during those periods which can be shared freely while helping others solve their problems hence gaining reputation points within such communities easily recognized by fellow members too since it shows one’s ability level when dealing different challenges faced daily either personally or professionally therefore giving more weightage towards answers given by such knowledgeable individuals compared against someone else without any background knowledge regarding subject matter discussed here today itself let alone its history behind it all up till now still remains undisclosed publicly because no one knows anything about everything except God Himself alone knows everything about everyone everywhere every time forevermore always only never sometimes ever

Be Transparent about Affiliations

Tell The Truth Always: Be honest enough disclosing any association with companies, brands or products lest somebody somewhere somehow discovers something somewhere somehow elsewhere anyhow sometime later in future then they might really feel betrayed because we failed to tell them everything from beginning till end concerning our involvement with various entities where certain goods were produced while representing ourselves as some kind of experts who knew much about those things when actually that was not true at all since there are many people around us even right here today who could easily expose such frauds committed by individuals like you me him her them whomsoever whatsoever wheresoever therefore let us always remain open minded even though it may cost us dearly financially but morally speaking this would save numerous souls including ours too

Add Value through Thread Contributions

Do Not Spam: Avoid posting just for the sake of promoting links. Instead, work towards being a valuable contributor so that over time people will click on your forum based on trust earned.

Contribute Meaningfully: Take part in discussions where necessary by giving useful insights related to what others have said already or sharing personal experiences which can help solve certain problems faced by different people either individually or collectively depending upon circumstances prevailing then and there thus adding more worthiness into such exchanges rather than spamming them needlessly with irrelevant stuff only designed purposely intended solely directed exclusively towards luring someone somewhere somehow into clicking somewhere else altogether thereby leading back home again after wandering away aimlessly without achieving anything meaningful throughout entire day except maybe earning another dollar bill if lucky enough not lose everything instead due bad luck following suit thereafter until bankruptcy knocks doors down left right center front rear side top bottom above below inside outside middle nowhere fast slow hard easy high low above beyond beneath beneath beside between beyond near far great small tall short thin thick wide narrow wide-ranging varying dramatically according several reasons many times frequently occasionally seldom once twice thrice four times five times six seven eight nine ten eleven twelve thirteen fourteen fifteen twenty thirty forty fifty sixty seventy eighty ninety hundred thousand million billion trillion zillion gazillion infinity number numbers periodality periodicities regularity irregularities heterogeneity homogeneity betweenness interconnection disconnectedness continuity discontinuity unity diversity different similar same other again and so forth etcetera et alia yada yada yada yadda

Ask & Answer Questions

Answer Questions: Seek out questions which can authoritatively be responded to from within the forum; this will help others see you as an expert thereby paying attention whenever they come across your profile or signature link since all along nobody knew anything about everything apart from God Himself alone knows all things about everybody everywhere every time forever always never sometimes ever

Ask Questions: Ask thought-provoking inquiries that are likely arouse curiosity among members thus making them start thinking deeply about particular subjects discussed here today itself let alone its history behind it all up till now still remains undisclosed publicly because no one knows anything about everything except God Himself alone knows everything about everyone everywhere every time forevermore always only never sometimes ever.

https://www.youtube.com/watch?v=3CGuTDp1jWc

Solar panels are $25,000. Can I get an FHA 203k Limited Loan for financing Solar Panels in a single family home?

French Bulldogs are a popular companion breed known for their distinctive bat-like ears, muscular build, and charming personalities. Here are some key facts about French Bulldogs: Appearance of French Bulldogs: Small breed, typically weighing under 28 pounds. Compact and muscular body with a large square head. Distinctive “bat ears” that are wide at the base and rounded at the top. Short, smooth coat that comes in a variety of colors like brindle, fawn, white, and brindle & white. Pushed-in snout and large square jaw. Temperament of French Bulldogs: Known for their affectionate, clownish, and charming personalities. Generally get along well with other pets and children when socialized properly. Tend to be quiet dogs, but some can be stubborn or mischievous. Make good apartment dogs as they don’t require extensive exercise. Can be protective of their owners but are not known as strong watchdogs. Health of French Bulldogs: Brachycephalic (short-nosed) breeds that can have breathing issues. Prone to heat exhaustion due to their shortened airways. May suffer from spinal issues, eye problems, and allergies. Generally healthy breed but require grooming and cleaning of wrinkles. History of French Bulldogs: Originated in England in the 1800s, likely from English Bulldogs. Became popular in France among lace workers, leading to their name. Brought to the United States after World War I by returning soldiers. Recognized by the AKC in 1898. French Bulldogs have risen in popularity as loving, entertaining companion dogs. Their comical expressions and unique looks charm many owners. However, their potential respiratory issues require attentive care from owners.

https://www.youtube.com/watch?v=x7qVs-cM0nU

• This discussion was modified 10 months, 1 week ago by  Jeannie.

What are barndominiums? Barnominiums seem to be very popular and many homebuyers and second homebuyers are talking about buying barndominiums. One of the most significant negatives of purchasing a Barndominum versus stick built homes is the difficulty in financing. What are the lending guidelines of barndominiums.

I am diligently doing my due diligence on adopting either a Doberman Pinscher or a German Shepherd puppy or young adult once I close on my first home. Can anyone tell me the character between Doberman Pinschers and German Shepherds? My wife and I never had a large dog. We have young children and small dogs and cats. Any recommendations would be greatly appreciated. Thank you in advance.

Here is the link to WHY NEXA MORTGAGE ZOOM CALL EVERY THURSDAYS at 1 PM CEO MIKE KORTAS at 1 pm CDT

https://www.zoom.us/j/4802285442

Gov.Ron DeSantis announced a bill to increase Homestead exemption. Currently, you can be assessed on $75,000, that wu=I’ll increase to $125,00. Needs 60% to pass.

Dogo Argentino is a very unique and expensive dog. Those who want to adopt a Dogo Argentino should study up and research the breed before pulling the trigger. I will give you a bunch of information about the Dogo Argentino. The breed was created in Argentina by Dr. Antonio Nores Martinez in the 1920s. It was made from various kinds of dogs including the extinct Cordoba Fighting Dog, Great Dane, Boxer, Spanish Mastiff, Old English Bulldog, Bull Terrier, Great Pyrenees, Pointer and Irish Wolfhound. You can buy a Dogo Argentino from reputable breeders who specialize in them or you could check out some breed-specific rescue centers too! Some general dog rescues might have one every now and then also.

Socialization is important when raising a Dogo Argentino. Early socialization is key—consistent training from an early age should be provided as well as lots of exercise and mental stimulation too. Establish yourself as the pack leader through proper nutrition and regular vet check ups. Engage them in activities that challenge them both physically & mentally.

The temperament of this breed is loyal and protective over its family but also confident & courageous – though sometimes stubborn or independent with other animals if not properly socialized.

Size: Males: 24-26.5 inches (61-67 cm) tall; 88-100 lbs (40-45 kg) Females: 23.5-25.5 inches (60-65 cm) tall; 88-95 lbs (40-43 kg)

Personality: -Affectionate with family -Protective & alert -Smart & athletic -Determined

Male vs Female: -Males are usually bigger and more dominant. -Females may be more independent but easier to train.

Colors: Mostly white with small dark patches on head

Trainability: -Moderately easy to train but can be stubborn. -Require firm consistent training. – Respond well to positive reinforcement

Good with kids and small dogs: – They can be good with children if raised with them and properly socialized. – High prey drive, so caution is needed around small dogs and other pets.

Cost: -From a breeder: $1,500 to $5,000. -Adoption fees from rescues: $300 to $800.

Lifespan of a Dogo Argentiono ranges between 10 to 12 years on average.

Dogo Argentinos need high exercise (1-2 hours daily) and moderate grooming. Dogo Argentino may be banned or restricted in some areas due to breed-specific legislation, like other dogs, such as Pit Bulls, Cane Corso, Old English Mastiff, Great Danes, German Shepherds, Doberman Pinschers, and Rottweilers. It is not recommended for first-time dog owners due to their strong personalities and exercise needs. Keep in mind that each dog has its own unique personality so training should always be done carefully with positive reinforcement methods used consistently throughout the process of teaching anything new especially commands which could save lives later on when they are older but still young at heart like most big breeds!

https://www.facebook.com/share/v/SfUhVgUAYNaiQzmr/?mibextid=OTybqR

• This discussion was modified 9 months, 3 weeks ago by  Gustan Cho.

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Which is the world's most powerful dog? Top 12 Strongest Dog Bite Force Dogs with the world's 12 Highest Bite Force! Top 12 Strongest Dog Beat Force... | By AllbreeddogsFacebook

Which is the world's most powerful dog? Top 12 Strongest Dog Bite Force Dogs with the world's 12 Highest Bite Force! Top 12 Strongest Dog Beat Force...

Where can you get financing for solar panels. Illinois state gives tax incentives for homeowners who have solar panels and a monthly check.

Went to the grocery store and my change contained a 1963 Silver Dime, Gus advises investing in silver. I guess I just started, I think its worth $25. Any opinions?

Any small spec builder need builder construction loan for land and acquisition? No doc. No credit score requirements, no DSCR, no bank statements. 25% to 30% down payment on land and 100% financing on construction costs. Need to value at 70% LTV after construction. 25% down payment on single family home construction and 30% down payment on 2 to 4 unit multi family. Only single family to 4 units. Contact Gustan Cho NMLS 873293 at gcho@gustancho.com or join our forums gcaforums.com. Lending Network LLC http://www.lendingnetwork.org ​

Yo, how ya doing? This is a typical greeting in New York. It really isn’t a question, because no one gives a shit about “how ya doing.” New Yorkese is a language onto itself, “dees and deems.” Once you learn this language, it stays with you forever. Caw-fee is coffee in New York, but a regular caw-fee comes is with cream and sugar. There are so many nuances and when you meet a fellow New Yorker, the lingo and pronunciation return instantly.

I have been saying “Yo” all my life, “Yo Vinny, Yo Tony.” It in essence means “hey,” not hello.

I moved out west, and everyone knew where I was from. It was like having a big sign on your shirt saying, “Yo, I’m from New York.” For twenty-four years, my accent got watered down. One trip back, just one trip, and I spoke like I was auditioning for “Godfather, you can’t lose it!

I was on a social media site recently called “New Yorkers that have moved to Florida.” One of your typical bullshit sites, I seldom post anything, I just read. One time I had to answer the post when the comment was made, “If you say “y’all,’ in Florida, you are not from New York.” That I took offense to, I was offended.

First of all, out of all the New Yorkers living in Florida, I have not one, not a single one, born in New York. If you mail a letter and address it New York, New York, it goes to Manhattan, not Brooklyn, Queens of Upstate New York. I was born on 21st Street and 1st Avenue at Manhattan General Hospital. To a native Manhattanite, Central Park is upstate. When I hear, “I’m from New York,” and I ask where, “Albany,” not New York, New York,.

Yo, how y’all doing? A combo of north and south. Not only do I use y’all, I use it in writing. I have family in New Orleans and Mississippi. The ones born there taught the non-natives what to use in their speech. Not only do I say y’all, I can also explain when to use “all y’all.” Y’all are used to speaking to a small group of people; y’all know what I’m saying.” When speaking to a large crowd, it’s all y’all. “All of you.”

Yo, I hope, “All y’all got it!

https://www.youtube.com/watch?v=LUNNvzxAcCk

If you are a producing real estate agent and want to become a dually licensed realtor and loan officer, please contact Gustan Cho at Gustan Cho Associates at 844-90-RATES. Why not make commissions both as a realtor and loan officer on the same transaction. Gustan Cho contact information is gcho@gustancho.com.

Here’s the link to a guide on career opportunities as a dually licensed realtor and loan officer at GCA MORTGAGE GROUP and Gustan Cho Associates https://gcaforums.com/dually-licensed-realtor-mlo-careers/

• This discussion was modified 1 year, 2 months ago by  Sapna Sharma.
• This discussion was modified 9 months, 3 weeks ago by  Gustan Cho.

gcaforums.com

Dually Licensed Realtor-MLO Careers

Dually licensed realtor-MLO careers enable realtors to earn commissions both as a realtor and mortgage loan officers if they have NMLS license.

Rolling 30 Day Late Payments is when you are 30 days late on a credit tradeline but make timely payments but are yet behind. There is conflicting information about qualifying for a mortgage with a rolling 30 day late payment in the past 12 months. I will have our preferred wholesale mortgage account representative Christian Sorenson of Equity Prime Mortgage (EPM) answer his opinion about how EPM wholesale mortgage underwriters view 30 day late payments on government and conventional loans. VA LOANS, FHA LOANS, USDA LOANS and CONVENTIONAL LOANS. Christian Sorenson is hands down our number one wholesale lender. Equity Prime Mortgage is the best one stop mortgage lender in the nation and Gustan Cho Associates dba of NEXA Mortgage ranks EPM Mortgage as its top wholesale mortgage lender of choice. Like to thank Eddie Perez the President of EPM Mortgage for having the top mortgage professionals in his five star mortgage company.

• This discussion was modified 1 year, 6 months ago by  Sapna Sharma.

Deciding between investing in 22 single-family homes or a 22-unit apartment building as a rental property investment is a significant decision and depends on various factors. Here are some considerations to help you make an informed choice:

1. Location: Location is crucial in real estate. Consider the location of both options in terms of job growth, population trends, proximity to amenities, schools, and crime rates. A well-located property typically has better long-term potential for appreciation and lower vacancy rates.

2. Management: Managing multiple single-family homes can be more time-consuming and costly compared to managing a single apartment building. With an apartment building, you have economies of scale, and you may be able to hire professional property management services to handle day-to-day operations.

3. Cash Flow: Calculate the potential cash flow for each option. Apartment buildings often have a more stable cash flow because vacancies in one unit can be offset by income from others. Single-family homes may have more fluctuating cash flows due to individual vacancies.

4. Financing: Consider your financing options. Financing for single-family homes may be easier to obtain, but apartment buildings may offer better financing terms due to the potential for higher rental income.

5. Maintenance and Repairs: Factor in maintenance and repair costs. With multiple single-family homes, you’ll have more individual properties to maintain, which can be more expensive and time-consuming compared to a single apartment building.

6. Diversification: Diversification is a risk management strategy. Owning 22 single-family homes can spread risk, as issues with one property won’t necessarily affect the others. In contrast, an issue with a large apartment building can have a more significant impact.

7. Market Conditions: Consider the current and future market conditions in your area. The demand for single-family homes and apartment units can vary based on economic trends and local factors.

8. Exit Strategy: Think about your long-term goals and exit strategy. Are you planning to hold the properties for rental income indefinitely, or do you have a specific exit plan, such as selling after a certain period?

9. Financing and Capital: Assess your financial situation and access to capital. Apartment buildings often require a larger initial investment, both in terms of down payment and ongoing expenses.

10. Risk Tolerance: Evaluate your risk tolerance. Single-family homes may provide more diversification and lower risk, but apartment buildings can offer potentially higher returns.

Ultimately, the choice between investing in 22 single-family homes or a 22-unit apartment building depends on your financial goals, risk tolerance, and the local real estate market. It’s advisable to consult with real estate professionals, financial advisors, and conduct thorough market research before making your decision. Additionally, considering a mix of property types in your investment portfolio can provide diversification and reduce risk.

Cash-out refinancing is a great way for homeowners, including first home buyers, to access the equity they’ve built up in their homes. This process involves getting a new mortgage that’s larger than your current one, and the difference is given to you in cash. This extra cash can be used for buying another property, paying off debt, or making home improvements. In this blog, we’ll explore the ins and outs of cash-out refinancing and answer common questions.

What is Cash-Out Refinancing?

Cash-out refinancing means replacing your existing mortgage with a new one that’s larger. The extra amount you borrow is given to you in cash, which you can use for various needs like home renovations, paying off high-interest debt, funding education, or investing.

For example, if your home is worth $800,000 and you owe $400,000 on your mortgage, you might refinance for $500,000. You’d pay off the $400,000 loan and get $100,000 in cash.

How Does Cash-Out Refinancing Work?

Here’s how cash-out refinancing generally works:

1. Assessing Home Equity: Calculate your home equity by subtracting what you owe on your mortgage from your home’s market value. Lenders typically allow you to borrow up to 80% of your home’s value, but this can vary.

2. Applying for the Loan: Contact your current lender or shop around for the best refinancing deal. You’ll need to provide documents like proof of income, credit history, and details about your current mortgage.

3. Home Appraisal: The lender will appraise your home to determine its current market value.

4. Approval and Terms: If approved, you’ll receive the terms of the new loan, including the interest rate, repayment period, and any fees.

5. Settlement: The new loan pays off your existing mortgage, and you get the difference between the old and new loan amounts as cash.

Pros and Cons of Cash-Out Refinancing

Pros:

• Secure better loan terms and interest rates.
• Use the cash to pay off high-interest credit cards and personal loans.
• Lower your monthly payments by extending the loan term.

Cons:

• Risk of arrears if you can’t make the repayments.
• Longer loan term means paying more interest over time.
• High closing costs for the new mortgage, though lower monthly payments might offset this if you stay in your home long-term.
• Using cash-out refinance for debt consolidation might extend your loan term more than necessary.

Considerations and Risks

• Costs and Fees: Refinancing can be costly, with expenses like application fees, valuation fees, legal fees, and sometimes break fees for ending your original mortgage early.
• Longer Repayment Period: While lower monthly payments are possible, extending your mortgage term means paying more interest over the loan’s life.
• Impact on Equity: Taking cash out reduces your home equity, affecting your financial stability and future options, especially if property values drop.
• Risk of Arrears: If you can’t meet the repayment terms, you risk arrears, putting your home in jeopardy.
• Qualification Requirements: Lenders will check your creditworthiness, income, and home value. Poor credit or insufficient income could lead to less favorable loan terms or even rejection.

How Much Can You Borrow with a Cash-Out Refinance?

The amount you can borrow depends on several factors: the current market value of your property, the loan-to-value ratio (LVR) allowed by the lender, and your creditworthiness.

Lenders typically allow a maximum LVR between 80% and 90% of your property’s appraised value. To find out how much you can borrow, calculate the difference between what you owe and 80% of your property’s value.

For example, if your property is appraised at $500,000 and your current mortgage balance is $300,000, a lender allowing an 80% LVR might let you cash out up to $100,000.

Check with lenders for their specific terms and guidelines, as these can vary. They might also have restrictions on how you can use the cash-out funds and require documentation or proof of intended use.

To get an exact amount you’re eligible to borrow, consult with mortgage brokers or lenders. They can assess your situation and give you accurate information based on their criteria.

Benefits of Cash-Out Refinancing

Cash-out refinancing can be a smart financial move, allowing you to tap into your home’s equity. Here are some reasons why it’s popular:

• Access to Funds: You get a lump sum of money based on your home’s equity. This can finance projects like home improvements, starting a business, investing, education costs, or paying off high-interest debt.
• Competitive Interest Rates: Refinancing often means securing a better interest rate on your loan. Shop around with different lenders to find the best rates and loan terms.
• Potential Tax Benefits: Depending on how you use the funds, the interest on the portion of the loan used for investments might be tax-deductible. Consult a tax advisor to understand your specific situation.

Conclusion

Cash-out refinancing is a valuable option for homeowners, including first home buyer, to access their property’s value for various financial purposes. Whether you want to invest in another property, consolidate debt, or cover major expenses, it’s essential to understand how cash-out refinancing works and its impact.

Ready to Cash-Out Refinance? Seek advice from financial experts to ensure your decisions align with your long-term financial plans. For more information, read our related articles.. Book a consultation call at 1300 GET LOAN today and make the right financial decisions!

FAQs

1. How much can I cash out when I refinance? Typically, lenders limit cash-out refinance amounts to 80% of your home’s value. For example, if your home is valued at $250,000 and your mortgage balance is $150,000, you could cash out up to $50,000.

2. Can I cash out a refinance to buy another property? Yes, you can use the funds from a cash-out refinance to purchase another property. This strategy is often employed by investors looking to expand their real estate portfolio or by homeowners wishing to buy a second home.

3. Can I refinance and get cash out? Absolutely. The primary feature of a cash-out refinance is that it allows you to refinance your existing mortgage and access a portion of your home equity as cash. You can use this cash for various purposes, such as home improvements, education expenses, or debt consolidation.

4. Is a cash-out refinance taxable? The cash received from a cash-out refinance is not considered taxable income. However, if you invest the funds and generate additional income, such as rental income from a new property, that income may be taxable. Consult a tax professional to understand the implications specific to your situation.

5. How to calculate cash-out refinance? Calculating a cash-out refinance involves determining the amount of equity you can tap into. Typically, lenders allow you to borrow up to 80% of your home’s appraised value. Subtract your existing mortgage balance from this amount to find out how much cash you can potentially receive. For example:

   • Appraised home value: $800,000
   • Maximum allowable loan (80%): $640,000
   • Current mortgage balance: $400,000
   • Potential cash-out amount: $240,000 (before closing costs and fees)

6. Can I cash-out refinance my rental property? Yes, in Australia, you can cash-out refinance your rental property. Lenders typically allow refinancing for investment properties, but terms may vary.

7. Can you cash-out refinance a car? No, cash-out refinancing is usually for real estate properties, not vehicles in Australia.

8. Is a home appraisal required? Yes, in most cases, an appraisal determines your home’s market value, crucial for determining how much cash-out you can receive in refinancing.

9. Does a cash-out refinance change your interest rate? Yes, a cash-out refinance can change your interest rate. It might secure a new rate that’s more competitive or less favorable depending on market conditions and your financial situation.

10. Does cash-out refinance affect credit score? Yes, applying for a cash-out refinance can temporarily affect your credit score due to the credit inquiry and new loan account. Responsible management can positively impact your credit over time.

11. Does cash-out refinance increase mortgage payments? Yes, cash-out refinancing could increase your mortgage payment if you borrow more or extend your loan term. Consider the impact on your monthly budget.

12. How long does a refinance cash-out take? Similar to a regular refinance, the timeframe for a cash-out refinance varies but generally involves a process that can take weeks from application to settlement.

13. Cash-out refinance vs. home equity loan: What’s the difference? Both allow accessing equity but differ in process. Cash-out refinancing replaces your original mortgage with a new one, while a home equity loan adds a new loan without changing your original mortgage.

Have many potential homebuyers with little to no money. What type of buyer would qualify for USDA loans. I am used to FHA loans mainly. Thank you in advance.