- Hi guys, Roger here.
So I have some really really exciting news to share
with you guys today.
So, as the economy starts opening up, the mortgage market
and interest rates are also heating up.
So, rates have been low the last few months.
They went up slightly during the pandemic, you know,
during the peak of the pandemic.
So now that things are cooling off and things are starting
to slowly get back to normal and open up.
Rates are gonna get even better.
So, today I'm going to talk about United Wholesale Mortgage
who just came out with a new program called, Conquest
and they're just offering way better pricing
than they have in the past
and basically beating everyone's interest rates.
So, the offer is a two and a half percent
to three percent interest rate on a purchase and a rate
and term of refinance.
So this program came out maybe like two weeks ago
and I've already helped five people close on this exact loan
and I got them into a three percent 30 year
fixed interest rate.
So, this bank, Unite Wholesale Mortgage
is one of the best banks that I like to work with.
They're really really fast.
They are tech savvy and it's very smooth.
We usually get loans approved within 24 hours
and conditions are reviewed within 24 hours.
So like I said, I basically was able to close these loans
in less than two weeks.
So that's what's happening and this branding program
does have some restrictions, so quickly, I'm gonna dive in
and tell you guys a little bit more about the details
of this program and then, I'm gonna talk to you guys
about the next program that's coming out
from a different bank who wants to compete
with this program.
Okay, Conquest loan, United Wholesale Mortgage.
Two and a half to three percent fixed on a 30-year mortgage.
This applies again, like I said, only if you're looking
to purchase a home or if you're doing you rate
and term refinance.
So this loan is only
for conventional loan.
So in Los Angeles County, the loan limit you 765,000.
So, also you can only use this program
for your primary residence or a second home.
You cannot use this program for an investment property
and the last thing that you gotta know about this program is
this is the one kind of,
I wouldn't say it's a catch necessarily,
but basically they only allow you to lock the interest rate
for 22 days.
So that means once you lock that interest rate,
you got to close within those 22 days.
So what I did was as soon as I got these clients signed up,
I lock the interest rate
and we just moved really really quickly
and we're gonna close in time, but you don't have
to do it that way.
What you could do is you could start the process
with UWM, while with a broker like me, you start the process
in maybe like a week in,
you could always lock the rate later, so that actually
will give you closer to 30 days to close on the loan.
So, that's really the only thing that you need
to know about this program.
It's really really great.
They're just trying to get real competitive
and try to top each other.
So basically, that's what's going on.
So, we have these banks, right?
So, we have like a Quicken, Home Point Financial,
United Wholesale Mortgage
and all of these lenders are competing against each other.
These are some of the top mortgage lenders in the country.
So, as soon as UWM came out with this Conquest program
that I just talked about, one of their biggest competitors,
Quicken, came out with their own program.
So their program is called Prime 29.
Prime 29 is basically,
when you get a regular 30 year mortgage,
they're setting it up in a way where it would be paid off
in 29 years.
So that means you pay less interest
and you save a one full year of mortgage payments.
So, the good news in all of this is
when there's competition, the consumer wins
and that's you guys.
So you guys can take advantage of these programs right now
and lock yourself into a three percent all the way down
to two and a half percent 30 year fixed rate.
If you already own a home, then it is great time.
If you're over three and a half percent,
this might be a great time to lock yourself in
at an even lower rate.
And the average savings for my clients, these five clients
that I'm working with is $432.00 every single month.
So, if you could use an extra $400,
you should definitely consider this program.
Do some Googling, check it out.
You can always contact me if you're in California
or looking to buy a house or you're looking to refinance,
you can schedule a call with me.
I'm gonna leave the link in the description.
Schedule call with me and I can see if I can help
you guys out with this program.
So, hope you guys enjoyed.
I wanted to make this quick video update, you guys,
on these great great programs that are available for you.
Really really low interest rate loans,
which make it really easy to buy.
So hope you guys enjoyed.
Thank you guys again for subscribing, really appreciate it.
If you know someone that might benefit from this video,
feel free to share with them and hit the like button
if you enjoyed.
Thanks guys, see you next time.