Contractor Juan
ContractorForum Replies Created
-
UWM’s 1% (1-0) rate buydown is a fixed purchase loan offered at no extra cost to the client (lender credit applied) on select purchase loans until June 30, 2026.
How UWM’s 1-0 Buydown Works
- You pay the note rate (the locked rate in your loan documents).
- In year 1, your monthly payment reflects a 1% reduction from the note rate, resulting in a lower payment for the first 12 months.
- UWM issues a credit to fully offset the cost, so you and the broker incur no expense (no discount points for the borrower).
- Year 2+: the payment adjusts to the full note rate.
- The loan maintains a fixed rate (or ARM), so it remains unchanged after year 1—it merely reverts to the original fixed-rate note.
Example: If your note rate is 6.5% on a $400,000 30-year fixed loan:
- Year 1: Payment based on ~5.5%.
- Year 2+: Payment based on 6.5%.
Your loan qualification is based on the full note rate (not the discounted one). This is a limited offer on both conventional loans and government-backed purchases (FHA/VA/USDA), fixed and some ARMs.
This is not a permanent rate reduction or an adjustable-rate mortgage reverting to the market rate after year 1. It is a one-year temporary cost to the lender on an otherwise fixed rate.
Rocket Mortgage’s 1% Rate Buydown
Rocket offers alternative 1-0 temporary buydowns (lender-funded or with seller/builder contributions).
- Currently, this gives a 1% discount on the first-year rate for primary/secondary retail purchase loans.
- The specifics closely match UWM’s:
- Year 1 features a lower payment, as if the rate is 1% lower; then the payment returns to the full note rate in year 2 and beyond.
- Some promotions may let the lender fund the buydown (like UWM’s free offer) or require seller concessions.
- Rocket has advertised 2-1 buydowns (bigger reductions in years 1 and 2) in the past.
UWM vs. Rocket
- Both offer a temporary 1% reduction in rate and payment for year 1, then revert to the full note rate, with limited borrower-paid discount points.
- Both restrict the offer to fixed-rate mortgage products, meaning the payment is reduced only in year 1.
- UWM offers a free lender-funded version through June 30, 2026, targeted at wholesale brokers. It’s a simple, accessible program for agency- and government-backed loans.
- Rocket is more of a retail/direct-to-consumer lender.
- Their 1-0 is available, but unlike UWM, they also endorse other products (1% down, etc.).
- UWM offers flexible wholesale pricing.
- Rocket often competes on price vs. brokers.
- Always compare Loan Estimates on price and terms.
Important Notes
- You qualify at the full note rate (lenders prefer to guarantee that you can repay the loan balance if it were to increase after year 1)
- Although the programs are great for cash flow relief, they do not affect the long-term interest rate.
- Offers have strict deadlines.
- UWM is currently granting a deal that ends June 30, 2026.
- Confirm your eligibility with your loan officer.
Eligibility often depends on factors like loan amount, credit score, and property location. Provide these details so I can help determine whether you qualify and assist you in comparing lenders’ offers to find the best deal.
-
Yes, reviewed Shine Click and like to go over this website and their expertise. Is Shine Click headed by Jimmy Delaface?
-
I thoroughly reviewed this website as do have some questions? Is Too Flight Financial the name of Jimmy DeLafe’s company?
https://www.toplevelfinancial.com/
toplevelfinancial.com
Top Financial Services USA & Canada | Top Level Financial
Get trusted financial services in the USA & Canada. We offer expert financial planning, loans, and investment solutions to grow your wealth.
-
I know the economy in the United States is hurting big time BUT the stock market is not reflective of the depressed economy. The Dow Jones Industrial Average (DOW) is over 50,000 which is a historic all time high. Many smart, experienced economists, analysts, and scholars have been warning us that when the Dow Jones Industrial Average was at 30,000, that is was inflated and that we were going to have a hard stock market crash. However, the Dow Jones kepts on going higher and higher and higher without any merit or reason for it to keep on going higher. Then you had the Biden Administration brag that because of the Democrats, the Dow Jones is at an all time record high. When Trump got elected in 2024, Trump arrogantly kept on saying due to the Trump economic plan and due to the Republicans being in office, the Dow Jones is at a historic high. Even former disgraced fired U.S. Attorney General Pam Bondi was touting in front of the Senate Oversight Committee that look at the Dow, where the Dow is over 50,000 and how great President Trump was doing to make America Great Again. She addressed this comment to Pennsylvanigressman Jaime Raskin where Raskin laughed back at Bondi like she did not know what she was talking about, which I believe that she did not know what she was saying. Trump, known for his arrogance and bragging on how he got things like the Dow go to historic highs said to the American people to jump in on the stock market and BitCoins because under his leadership, the markets is going much higher. This statement will come back and bite him in the ass. The Dow Jones is ridiculously over priced. The economy is in one of the worst period in U.S. history. The Dow Jones and other security markets will crash like never before. You do not have to be a Harvard University MBA or have a 1,000 IQ to know how bad our economy is. Let’s briefly take a look: Inflation is skyrocketing where everything from homes to cars to groceries are priced at the highest level in U..S history. Consumers are forced to buy goods and services at 50% or higher prices than it was in 2019. Home prices is no longer affordable. Many homes have gone up in price over 50% to 100% depending in the area. Gas prices has doubled from $2.31 cents per gallow to $4,80 cents per gallon. Car prices are out of control with some pick up trucks and SUVs priced at higher than $100,000. Millions of wage earners have lost their jobs, went from full time to part time, cannot afford the basics, are worried about getting laid off, have shortened eating out and experienced high cost of goods and services but not an increase on their wages. Look at all these businesses of all sizes going bankrupt, closing their doors permanently, relocating to lower taxed states, and laying off tens of thousands of workers. The AI revolution is causing and expected to cause many jobs to go obsolete and many jobs replaced by Artificial Intelligence and technology.Even local, county, and state government are going broke and many expect to run at a deficit. Many municipal and county government are increasing property taxes and every city tax they can think of just to make ends meet. Illinois is a major pension crisis, in the billions, and has their credit rating down graded. Fraud, at all levels of government is being revealed and turns out government fraud is an epidemic and not just limited in one area but is on a national level at different departments and agencies. Let’s take a look at Spririt Airlines. Spirit Airlines went bankrupt twice and today closed its operations for good laying off 17,000 workers. There is no word about Delta Airlines but there is talk and news about Delta cancelling dozens if not hundreds of flights this week. Auto manufacturers are facing millions of repossessions. Layoffs are rampant and becoming an epidemic. Many high end name brand economists are warning us to stay away from the stock market because the stock market will get decimated to where IRA, savings, investments, and retirements will be worth pennies on the dollar if not worthless. Can you please tell us the latest LIVE updated economic, and financial update consumers, small businesses, and American workers need to be concerned about?
-
Cannot believe former Attorney General Pam Bondi and Eric Swalwell were close friends where Bondi tipped him off with classified information about himself. Traitor and treasonous acts that need to get investigated and charged.
-
In this video, we explore the latest developments as JD Vance shares an emotional message following a controversy that has captured widespread attention. His response has sparked strong reactions online, with audiences across social media closely following the situation.
We break down what was said, examine the context behind his statement, and highlight how viewers are reacting. From viral discussions to divided opinions, this story continues to generate significant public interest and ongoing debate.
This content is created for informational and entertainment purposes only. All information is based on publicly available sources, media coverage, and online discussions. Nothing presented should be considered confirmed or verified fact. Viewers are encouraged to conduct their own research and form independent opinions.
Our goal is to present trending topics responsibly by providing context and clearly distinguishing between speculation and verified information wherever possible. We encourage viewers to explore multiple sources for a well-rounded perspective.
https://youtu.be/kzikEfzusIc?si=X3XlZTMkJLklxDXY
-
This reply was modified 1 month, 2 weeks ago by Juan.
-
This reply was modified 1 month, 1 week ago by
Sapna Sharma.
-
This reply was modified 1 month, 2 weeks ago by
-
I have been hearing President Trump is issuing $2.000 checks for every taxpayer for 2026. At first I thought it was clickbait on YouTube and Facebook like other news such a Trump was going to abolish property taxes and abolish the IRS
However, story keeps on resurfacing over and over
The $2 000 checks for every taxpayer have any merit? And if so, when is this going to take place and what are the parameters Single filers vs joint filets, and is there any maximum income cap? How about the elderly on social security or fixed income? Is this money from the government for U.S. citizens ONLY or can legal green card holders paying taxes be eligible.
What is this money for? Is is profit sharing from money discovery from DOGE or is it profit from Trump Tariffs.
Thank you in advance 🇺🇸 🇺🇲 🌎 🇦🇸 🇺🇸 🇺🇲 🌎
-
What is the difference between a lizard and a salamander?
-
As of late May 2026, gold trades for $4,480 to $4,530 an ounce, and silver for $75 to $77 an ounce
Both gold and silver prices have risen substantially over the past 1-2 years. Now, however, that momentum has slowed, and both are stabilizing.
Current Snapshot
- Gold: $4,500 to $4,523 an ounce. Prices recently fluctuated around $4,400, peaking earlier in 2026 and late 2025 at $5,000 to $5,500 (matching a previous record).
- Silver: $75 to $77 an ounce, receding from a 2026 peak of $80 and surpassing $100 earlier this year.
At present, silver and gold prices are experiencing market equilibrium (stability), influenced by recent macroeconomic factors such as a strong U.S. Dollar, high Treasury Yields, an unexpected inflation rate of about 3.8%, and the Federal Reserve’s decision not to lower interest rates in the near future.
What’s Driving the Market? To understand recent movements, consider the following factors:
2025 to early 2026 was strong for precious metals. Several factors drove high demand:
- Central Banks began purchasing precious metals as an alternative to the Dollar.
- Instability in the international community.
- Inflation and demand for precious metals as a “safe investment”.
- Demand for silver to satisfy the growing international market for Solar and Electric vehicles (as well as other electronics).
Silver outperformed gold during this period, primarily due to its dual investment and industrial uses. However, as conditions shifted, the market saw profit-taking and a correction.
Outlook
Analysts project a bullish but volatile 2026:
- Structural demand may push gold to $5,000 or even $6,000 per ounce, according to some predictions.
- Predictions for silver vary widely. Some estimate it could reach $100 an ounce.
If the dollar stays stable, inflation trends continue, and demand remains low, gold may stay near $4,400 or drop lower.
The bottom line is that precious metals are experiencing a pullback, with prices well above previous levels and bullish projections ahead for the metal market as a whole. Given their past performance, gold and silver prices remain extremely elevated. It is crucial to monitor the dollar’s volatility and changes in interest rates, as these are likely to have the greatest impact on gold and silver prices. Stay updated by tracking precious metal prices through sources such as Kitco,