[Kay Anne]

These are the main arguments for and against the abolishing of property tax:

Reasons for the Removal of Property Tax:

Economic Growth:

• Supporters believe that eliminating the property tax would help boost the economy.
• This would encourage investment in real estate, which in turn leads to economic growth.

Homeownership Accessibility

Removing property taxes would make owning a home possible for those in the lower or middle classes.

Fairness:

• Some argue that fixed-income earners are disproportionately affected by property taxes, as increased taxes make owning a home increasingly onerous in the face of rising home prices.

Encouraging Mobility:

• People who do not pay property tax will feel more inclined to move to new areas for work or personal pursuits as there are no tax-related restrictions.

Opposing Reasons for the Removal of Property Tax

Loss of Revenue:

• The property tax collects significant revenue, serving as a budget for schools and local authorities.
• Removing this tax would result in a budget deficit.

Increased Other Taxes:

• The government will be required to raise other means of taxation, such as sales or income taxes, which will grossly affect lower-class families.

Funding for Essential Services

The removal of property will ruin basic services such as public security, education, and infrastructural facilities.

Market Distortion:

• Removing property taxes may encourage speculation in real estate investments, ultimately increasing the cost of housing and lowering its long-term affordability.

Equity Issues:

• Some argue that property taxes help guarantee compliance from wealthier members of society in providing social services, establishing a level of civic responsibility.

These arguments highlight the essence of a complex debate that has devastating consequences for local economies and communities.

[Kay Anne]

TrIstyn Dewarrat’s message as an Account Executive at Champion’s Mortgage looks like a general announcement about Champions Funding guidelines or program changes. This indicates that the language has been used to appeal to colleagues or partners by hinting at the improvements, increasing their chances for better financial opportunities.

Here is a detailed analysis of the main points in this message:

Key Takeaways

Positioning and Excitement:

• Dewarrat shows passion for his role in this discussion.
• Champions Funding’s initiatives.
• By striking such a tone, she creates positivity and approachability.
• That fosters goodwill and engagement.

Focus on “New Guidelines”

The announcement hints at forthcoming revisions in guidelines, showing their relaxation or fine-tuning of current processes.

These may include:

• Enhanced product offerings: New loan programs or expanded qualifying criteria.
• Streamlined operations: Faster approvals, fewer hurdles, or simplified documentation.
• Improved benefits: Lower rates, increased commission opportunities, or better support.

Direct Appeal to Financial Impact

• The phrase ‘Especially your pockets!! Lol’ suggests that these updates directly lead to higher earnings.
• The higher earnings are through greater commissions.
• Wholesale account executives have commissions payable out of higher commissions paid out by lenders on advisory fees charged by brokers, more favorable loans to partner companies (B2B), etc.

COME AND SEE:

• Dewarrat creates suspense by urging the audience to ‘stay tuned.’
• Creating a platform for future announcements and keeping its stakeholders engrossed.

RECOGNITION OF SUPPORT

• The concluding remarks thank the audience for their ongoing support, fostering partnership and teamwork.

STAKEHOLDER IMPLICATIONS

For Loan Officers:

• Be open to new updates that can lower requirements or expand credit possibilities.

For Brokers:

• Look for new opportunities that bring in more clients or help you close deals faster.

For Clients:

• There could be a ripple effect, such as better loan terms and expanded product availability.
• Or easier qualification processes.

WHAT TO DO NEXT?

• Check out official communiqués from Champions Funding regarding this matter.
• Find contacts within the organization who can shed some light on specifics before it’s too late.
• Prepare marketing and operational adjustments once they publish new guidelines, if any.

This would be very useful if one were inclined to write or ponder this to enlighten their listenership on how such changes may benefit borrowers or partners.

[Kay Anne]

Yes. What happens The Serbian National needed to fly back to Serbja for two months because her visitor visa was going to expire, but she got a job offer from a large mortgage company. Can she easily get a work visa?

[Kay Anne]

Events of January 10, 2025

On January 10, 2025, several important events occurred in the United States, especially the ongoing SoCal fires, economic indicators, and national market performance.

SoCal Fires

This week has seen a dramatic rise in reports of wildfires in Southern California. Ten fatalities have been recorded as of now, with some 180,000 residents evacuated. Fires have destroyed large swaths of land, including affluent neighborhoods in Pacific Palisades and Malibu, causing severe damage to properties. Economic loss estimates have skyrocketed, with AccuWeather putting damages at up to $150bn. The state-run insurance program California FAIR plan is grappling with financial strain because private insurers are leaving it exposed by withdrawing services. According to analysts, these fires may be among the costliest ever in U.S. history, with insured damages exceeding $20bn.

Economic Indicators

In economic news, U.S. employers added more jobs than anticipated, reflecting continued strength within the labor market. This robust employment data stoked fears that persistently high inflation could precipitate higher interest rates for a long time, impacting market performance. Economists had projected a gain of around one hundred sixty-five thousand, but actual numbers exceeded this expectation, leading to market volatility.

The stock market received the employment report negatively, making major indices plummet. The S&P 500 fell by 1.5%, while the Dow Jones Industrial Average dropped by 1.6%. The Nasdaq composite also decreased by 1.6%. Stock prices were further burdened as the bond market registered surging yields, with investors struggling to make sense of a tight labor force’s impact on inflation and interest rates. This week, the Dow has dropped 1.9%, and the S&P is off 1.9%.

On January 10, 2025, disastrous wildfires occurred in southern California. Strong job market indicators posed a high inflation risk, resulting in very low stock prices as traders adjusted their positions in response to these economic signals.

[Kay Anne]

Becoming a licensed Mortgage Loan Originator (MLO) is an exciting journey, even if you’re coming from a different field! Here’s a step-by-step guide to help you get started:

Step-by-Step Instructions to Get Licensed

1. Meet Basic Requirements: Ensure you meet the basic requirements, such as being at least 18 years old, having a valid Social Security number, and not having any felony convictions within the past seven years.

2. Complete Pre-Licensing Education: You’ll need to complete 20 hours of pre-licensing education courses approved by the Nationwide Multistate Licensing System & Registry (NMLS). This includes:

   • 3 hours of federal law and regulations

   • 3 hours of ethics, including fraud, consumer protection, and fair lending

   • 2 hours of non-traditional mortgage lending standards

3. Submit an Application: Submit your application through the NMLS, including fingerprints for a background check and authorization for NMLS to obtain your credit report.

4. Pass the SAFE MLO Test: You’ll need to pass the SAFE Mortgage Loan Originator Test, which covers federal law, state law, ethics, and mortgage-related topics.

5. Get Sponsored by a Mortgage Company: Find a mortgage company willing to sponsor you. They will help you with the licensing process and provide training.

6. Maintain Your License: Complete 8 hours of continuing education annually to maintain your license.

Training Programs

There are several reputable training programs available to help you prepare for the licensing exam and get started in the industry:

• : Offers comprehensive training programs, including NMLS-approved licensing courses and exam preparation.

• OnCourse Learning: Provides online and live webinar courses for mortgage loan originator training.

• Mometrix Test Preparation: Offers practice tests and study guides to help you prepare for the SAFE MLO exam.

Getting Hired and Trained

To increase your chances of getting hired and trained, consider applying to companies known for their training programs:

• Large national mortgage companies: Companies like Quicken Loans, LoanDepot, and Fairway Independent Mortgage Corporation often have structured training programs for new hires.

• Local mortgage brokers: Smaller, local mortgage brokers may also offer training and mentorship opportunities.

Becoming the Best of the Best

To excel as a mortgage loan originator, focus on:

• Continuous Learning: Stay updated with industry trends and regulations.

• Networking: Build relationships with real estate agents, lenders, and other professionals.

• Customer Service: Provide exceptional service to your clients to build a strong reputation.

• Technology: Embrace technology to streamline your processes and improve efficiency.

[Kay Anne]

Here is Rod Blagojevich interview with Joe Rogan on how he was set up by Barack Obama and going to jail.

https://youtu.be/67W2lN2UqZM?si=beJdD5CQc9c0gsLb.

[Kay Anne]

To find the best mortgage interest rate for your situation, consider these steps:

1. Shop Around

Obtain quotes from multiple lenders to compare interest rates. This will give you a sense of the market and help you identify the most competitive offers.

2. Compare Offers

Look beyond just the interest rate. Evaluate other factors such as:

Fees: Origination fees, closing costs, and any other charges.

Loan Terms: Length of the loan, fixed vs. adjustable rates, and repayment options.

Prepayment Penalties: Understand any penalties for paying off the loan early.

3. Consider Your Financial Goals

Align the mortgage with your long-term financial plans. For example, if you plan to stay in your home for a long time, a fixed-rate mortgage might be beneficial.

4. Check Lender Reputation

Research customer service ratings and reviews for each lender. A lender with strong customer service can be invaluable throughout the loan process.

5. Work with a Mortgage Broker

A mortgage broker can help you navigate the mortgage market, access a wider range of lenders, and find competitive rates tailored to your needs.

6. Get Pre-Approved

Consider getting pre-approved for a mortgage to understand how much you can borrow and to show sellers you are a serious buyer.

7. Stay Informed on Market Trends

Keep an eye on interest rate trends and economic indicators that may affect mortgage rates, as timing can impact your final rate.

By following these steps, you can make a more informed decision and secure a mortgage that best fits your financial situation.

[Kay Anne]

Trustees may hold your application for an FHA loan during your Chapter 13 bankruptcy as it goes against the rules and regulations set for the loan. Here are some reasons for the application being held:

Low-Income Employment

Bankers may argue that you can’t repay further loans on top of the existing ones you can currently pay against, making your chances of earning too low. To avoid discrimination, bankers may offer the borrower a low-income clause.

High Limb Ratio Debt Income

With existing properties and loans, taking new ones may exceed the owner’s ability to pay long-term, thus seeing those requests as low-risk to repayment plans.

History of Payments

Tell ID you didn’t pay as agreed under the limits outlined in Chapter 13. That history may make AOBMs concerned about your ability to service additional debt after becoming a mortgage borrower.

Replay Factor

Given your current obligations and the existing Chapter 13 figure, taking out new loans may be challenging.

Evidence Shortage

If a borrower cannot submit relevant records in support of their loan application or evidence of economic stability, trustees have the right to refuse the application. Low economic activity makes it easy to deny the request.

Unsolvable Situation

Because the problem exists together with other factors for reducing mortgage risk, the trustee may look at the borrower in the crosshairs and expect economic problems and a change in business priorities to cause issues in fulfilling the mortgage and chapter summary plan payments.

Absence of Written Consent from Trustee

If the borrower fails to get the necessary written consent from the trustee for any reason, any loan request will be denied immediately.

Breach of the Bankruptcy Policy

Any breach of the rules and provisions of the Chapter 13 plan may greatly be denied, for the trustee may regard this as an insult to the bankruptcy proceedings.

Another reason borrowers will prepare themselves for this option is the need to have their license endorsed when applying for an FHA loan during a Chapter 13 repayment plan period. Considering these aspects in advance might tip the search to secure ANC approval in one’s favor.

[Kay Anne]

In case the bankruptcy trustee does not allow a borrower on a Chapter 13 repayment plan to apply for an FHA loan, multiple measures can be taken, or alternatives sought:

Find Out the Grounds For Denial

The trustee may have some concerns, such as a borrower taking on further loans as additional debt or how such loans affect the repayment plan. These concerns should be worked on so that the borrower receives the benefit of the loan.

Try To Convince the Displeased Trustee

The borrower will need to reverse the circumstances that led the lender to refuse them in the first place. This can include showing increased income, bigger assets, or loan value or amending the current repayment plan.

Go Back to Court

If the borrower thinks the lender’s decision to refuse the application was wrong, then it is best to head to a newly set hearing in the bankruptcy court, where they will be able to find a solution for the lender’s unexpected decision. Evidence will be provided during the meeting to prove the request is correct.

Find Another Way To Finance

If an FHA loan seems impossible, an ideal alternative would be exploring different ways to finance, including conventional loans if applicable, or waiting until the completion of the Chapter 13 plan.

Adhere to the Following Rules of Chapter Thirteen

The borrower needs to continue making payments according to the Chapter 13 plan. This will avoid complications or the case being dismissed regardless of the loan conditions.

Get the Advice of a Bankruptcy Lawyer

A bankruptcy attorney can help understand how to approach the situation to increase the probability of getting approval or alternatives.

In conclusion, when the trustee does not authorize an FHA loan, the borrower should assess the reasons for the denial, decide if they wish to appeal the ruling and seek other financial options to get an outright repayment of their Chapter 13 obligations.