Loan Officer Gustan Cho
Loan OfficerForum Replies Created
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Can you please refer several non-prime auto finance companies in or nearby Rockford, Illinois who have a good reputation of working with people with less than perfect credit. Reason for bad credit and lower credit scores (587) is because of divorce which has been finally finalized a month ago. Self-employed general contractor and a former veteran of the U.S. Armed Forces. 2016 GMC Sierra 4 door pickup truck with 109,000 miles owing $24,000 purchased last June 2025l Has been timely on all payments since the purchase. It is under fiance name but he has been making all the payments and want to refinance under his own name and take fiance out due to fiance applying and qualifying for a home mortgage loan. Can you please also give me the market value of the truck as well as the loan value? Thank you.
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Randy, can you please advise on this case scenario. Client is buying a house but has two cars under her name. One of the cars is the fiance is paying for it but is under her name due to fiance having bad credit. Need to get 2016 GMC SIERRA 1500 WITH 109,000 MILES out of her name into his. Self employed general contractor, and reason for bad credit is because nasty divorce which was finalized in December 2025. Can you recommend a subprime lender? How does it work with self-employed folks. He has been in business for two years. Has disability benefits from the U.S. Armed Forces. One year left on disability.
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Silver’s outlook for the next five to ten years is uncertain. Forecasts of $1,500, $20,000, or $40,000 lack credible evidence, historical support, or endorsement from reputable analysts.
Realistic Silver Price Forecasts
Most banks, analysts, and industry groups expect silver to remain in the tens of dollars over the coming years.
- UBS, Citi, and Bank of America forecast silver prices between $40 and $70 by 2026. In a strong bull market, prices could reach the low hundreds by 2030.
- Some analysts, under optimistic scenarios, project silver could reach $70 to $80 by 2030, while a few forecast $130 to $200.
These projections are far below the extreme figures of $1,500, $20,000, or $40,000, which analysts consider unrealistic based on available evidence.
Kiyosaki’s Emphasis
Kiyosaki’s forecasts for silver are optimistic but remain below $1,500. He has suggested silver could reach $200 per ounce by 2026, based on scenarios involving hyperinflation and a collapse of fiat currency.
- He also stated, “$100 in silver will be $500 in a year.” This bold short-term prediction has not materialized as expected. Silver projections are likely overstated. He has a history of making assertive claims about rapid price increases, which differ from forecasts based on comprehensive analytical models. Surges have been documented.
- 1980 – $50 peak
- 2011 – $48 peak.
- 1980 – $170-$200 an ounce (when adjusted for inflation).
- 2011 – $70-$80 an ounce.
Even when adjusted for inflation, silver prices have never approached or sustained a price of $1,500 per ounce.
For silver to reach $1,500 to $20,000 per ounce, one would have to assume:
- A highly unusual supply or demand shock affecting silver.
Such scenarios are not conventional forecasts but speculative bets on catastrophic events or systemic collapse.
Extreme Price Predictions in Online Media
Figures such as $1,500, $20,000, or $40,000 should be viewed as marketing tools rather than the result of rigorous investment research.
- When presented with narratives of hyperinflation or dollar collapse, these figures are intended to attract attention and promote related products or services, such as courses, newsletters, or bullion sales.
- Many presenters lack robust analytical models or rely on questionable assumptions, such as arbitrary ratios of silver to portions of the global money supply. Institutional, industrial, or academic sources support multi-thousand-dollar silver prices under normal market conditions.
Who Is Actually Right?
From a strictly analytical perspective:
- The future price of silver remains unknown; therefore, no forecast can be definitively validated at this time.
- The most credible forecasters are those who provide price ranges.
- The most reliable forecasts provide price ranges based on inflation, crisis, and speculative market conditions.
- Supply and demand trends related to solar, electronics, mining output, recycling, and deficits such as interest rates, inflation, and economic growth.
This group generally contends that, even in future bull markets, silver prices will likely remain in the tens to low hundreds of dollars per ounce. They also acknowledge the potential for underperformance or price declines after market spikes. Forecasts of $1,500, $20,000, or $40,000 per ounce lack substantial support from historical data, analytical models, or mainstream perspectives. These projections should be regarded as speculative bets on improbable extremes rather than credible forecasts.
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Homebuyers can fire and replace real estate agents, mortgage loan originators, and real estate attorneys. First, calmly review existing agreements to understand potential penalties based on the transaction stage. Next, secure a replacement in advance. Then, provide formal written notice to avoid additional costs, duplicative fees, or contract disputes.
Most people, whether it’s their first time buying a home, a seasoned home buyer, purchasing a second home, or investing in a property, will all need the services of a real estate agent, mortgage loan originator, home inspector, and real estate attorney. It is critically important to have a winning team that will advocate for you, as each of these professionals serves a distinct yet interconnected role in your protection and in closing the transaction. All the professionals need to be competent, knowledgeable, and above all, professional and easy to work with. They need to work collaboratively with each other and communicate solely for the purpose of advancing the client’s interests, keeping the client’s interests at the forefront.
The homebuyers’ professional team has a fiduciary duty to the client to be diligent, maintain contact, and monitor each other if they suspect that the homebuyer needs protection from being misled, or is the target of fraud or negligence.
Team members must speak up in the client’s best interest when they notice a problem, even if that means disagreeing with a colleague. However, homebuyers sometimes become dissatisfied with some professionals during the transaction and begin to feel underrepresented.
In such cases, many buyers often wonder if they can fire their real estate agent, mortgage loan originator, or real estate attorney and hire someone new. Most of the time, the answer is yes, but it must be done in a certain way to ensure you are not in breach of any contracts, causing a delay in closing, or putting yourself in a position of unexpected monetary responsibilities. This entirely depends on whether you are replacing an agent, a loan officer, a lender, or an attorney, as the contracts and timelines differ for each of these roles.
Regarding the real estate agent, the first thing to see is whether you signed a buyer’s agency agreement, and if so, whether it is exclusive and what the early termination and commission clauses are.
If you do not have a written agreement or only have a non-exclusive agreement, you can usually stop working with your agent. You can also begin with another professional. Still, you should send a written notice. With an exclusive buyer’s agency agreement, you may need a written release from the broker. The agreement may allow the broker to claim commission on any home the first agent showed you, under the terms of that agreement.
For this reason, always read your agreement carefully. If needed, discuss your concerns and your wish to end the relationship with the managing broker, not just the agent. Often, if you are reasonable and clear with your reasons, the broker may be more willing to release you. This is especially true if continuing would cause more friction. Do not submit offers or revisit properties shown by the first agent until you have written confirmation. Understand what commission rights the first agent may claim.
With a mortgage loan originator or lender, you can usually change which loan officer or lender you are using, even right before closing. Doing this late, however, can result in delays and additional costs.
You may have already incurred costs, such as an appraisal and a credit report. Some of these costs may not be transferable to the new lender, so you may end up paying them twice if you start over. In a purchase agreement, your contract likely includes specific deadlines for the loan application, mortgage commitment, and closing. Changing lenders might cause you to miss these deadlines, putting your financing contingency and even your earnest money at risk. If you are unhappy with your loan officer, obtain competing loan quotes from other lenders, including interest rates and closing costs, as soon as possible. Check if they can meet your contract closing date. Before transferring your file, discuss timing with your real estate agent and, if necessary, the seller’s side. Determine if you require a written extension of the closing date or a financing contingency. Once you decide to switch, provide written notice to the original lender that you are withdrawing your application. Identify which fees are non-refundable and then work with the new lender as quickly as possible.
Generally, clients have the right to fire their lawyer and hire a new one in real estate matters, but this may have a financial impact depending on the fee agreement.
Many attorneys working with flat fees for real estate transactions want to be paid and retain part of a retainer, even if the transaction is terminated partway through. New attorneys receive the title/contract, inspection correspondence, and other documents from the previous attorney. They also must be paid for managing these. Without care, working with a new attorney could delay the closing, especially when tensions are high and your closing is soon.
Before making a change, the engagement letter typically outlines procedures for termination, billing, and file transfers. Have a brief consultation with your new attorney. Share your timeline and concerns so they can proceed quickly and safely, and ensure they are ready to take over urgently. Once you secure the new attorney, give written notice to your previous attorney. Clarify whether you would like a reissued final invoice or a refund, if necessary. Make clear that your file should not be stored with them to avoid gaps in representation.
For all three roles—agent, loan originator, and attorney—the goal is for these individuals to work together in your best interests as a team.
If there is miscommunication, missed deadlines, or unwanted pressure, you have the right to change your team members. Begin by having an honest conversation about the issue. Give the professional a chance to adjust. Only move on if you no longer have trust and confidence in continuing the communication.
The decision to remove and replace a real estate agent, mortgage loan originator, or real estate attorney is a significant one, but buyers should not feel locked into representation that they no longer trust. Focus primarily on protecting yourself by reviewing your agreements, outlining your concerns on paper, gathering a suitable replacement before cutting off all communication, and closely monitoring deadlines and agreements to ensure your home purchase is not at risk. The overall objective is to have your team working in your best interests, providing solid communication, and working in sync to guide you to the closing.
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Check out this short video
HILARIOUS 😂 😃 😄
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Great topic and post. I always wondered why Jeeps discontinued making them with 6 speed manual transmission
I was told NO. You cannot get any Jeep Wrangler with manual transmission. Found that was not true. Look at this 2017 green Jeep Wrangler with 6 speed manual transmission.
https://www.absolute350.com/details/used-2017-jeep-wrangler-unlimited/118536234
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James, you are a man with many talents. Talents that you do not realize you have. What is it you like to do? What are you good at? Are you a good writer? Are you good in social media? Do you know Tik Tok? Instagram? Facebook? Making videos? YouTube? Rumble? Shorts? Don’t you know a lot of real estate agents? Don’t you know a lot of homeowners who need financing to do home improvements? Do you know bankruptcy lawyers? What type of licensed professionals do you know? Attorneys? Real Estate Agents? Insurance Agents? There are endless possibilities for you to get a part time or short term jobs. Lets chat.
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James, here is the link to Online Course Learning, Angie Crippen. Use the money from the sale of the office furniture and pay you online course learning 20 hour NMLS Training and pay for your state licensing. Maybe we can meet later next week once you got the furniture picked up.
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Now, I’ll go over the latest 2026 housing forecast and inventory predictions. After looking at recent projections from real estate economists and organizations, here’s what they expect for the 2026 housing market.
Mortgage Rates
Experts predict that mortgage rates will decrease slightly but remain above 6%. NAR expects rates between 6% and 6.7% in 2025. Fannie Mae anticipates 30-year fixed rates at approximately 6.2% in early 2026, declining to 5.9% by year-end. The Mortgage Bankers Association expects rates to stay near 6.4% throughout 2026.
Most agencies agree that rates will likely decrease, but remain above 6%. These rates will be higher than during the pandemic and will drop more slowly than they have in the past two years.
Home Prices
Overall, home prices are expected to grow modestly, with no major declines, though some regions may be exceptions. NAR predicts a 4% increase in median home values nationwide in 2026. However, some areas may experience lower or even negative growth, depending on local economic factors.
- Zillow forecasts home values will grow by 0.4%.
- Redfin predicts home values will grow by 1%.
- Realtor.com expects home values to grow by 2.2%.
Home prices are expected to fall in 22 of the 100 largest U.S. cities. Most of these cities are in the Southeast, the West, and Southwest Florida, where the housing market is weakest. Other regions may see modest growth or stable prices. Lawrence Yun, NAR Chief Economist, said, “Home prices nationwide have been declining nowhere in sight,” explaining sellers withdraw listings rather than cut prices significantly.
Inventory
Inventory is improving and returning to pre-COVID-2020 levels, possibly by the 2026 spring selling season. Realtor.com forecasts an 8.9% increase in existing home inventory and a 3.1% rise in new, single-family homes.
Inventory is now returning to normal levels, unlike the shortage experienced from 2020 to 2024. Sellers have less power than they did during the pandemic, and buyers have more choices.
Home Sales
Forecasts indicate that home sales values are expected to rise, albeit at varying rates.
- NAR expects a 14% national increase in existing home sales for 2026.
- Redfin predicts existing home sales will increase by 3%.
- Zillow expects existing home sales to rise by 4.3%, reaching just under 4.3 million. 2026 is expected to be a reset year rather than a rebound. Economists predict a slow recovery. Home sales are expected to rise gradually, and prices will only normalize if homes become more affordable. Home prices are expected to grow faster in the Midwest, the Northwest, and in areas with strong tech industries, such as San Jose and San Francisco. In contrast, the Southeast (including Florida and Texas) and parts of the Northwest (like Seattle and Portland) may see slower growth or even price declines. lines could occur.
- For buyers, 2024 and 2025 are likely to be easier, with more homes for sale and slightly lower interest rates. However, affordability will still be a challenge.
- For sellers, it’s important to price homes to sell. Listings that sit on the market for too long will require significant price cuts to attract buyers.
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