The Accunet Mortgage and Realty Show

The Accunet Mortgage and Realty Show 5-3-20

May 04, 2020 Accunet Mortgage
The Accunet Mortgage and Realty Show
The Accunet Mortgage and Realty Show 5-3-20
Show Notes Transcript

In this week’s episode, Brian and David talk listings, LLCs and liquidity.

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the accident Mortgage and Really show is sponsored by Accident Mortgage and Equal Housing Lender Animal S I. D. 255368 and Accurate Realty Advisors, which is a separate company from but still affiliated with AC Unit Mortgage.

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Welcome to the AC Unit, Mortgage and Real to show getting you inside information on buying, selling and financing your home with expert advice from AC Unit Mortgage and Realty. And now here's Brian and David Wicker's

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Well, good morning, David. I'm Brian Wickard, the owner and president, and whatever chief honesty Officer, I'm given All right now, I'm the chief refi officer on our radio ads. That's me, Brian Wickard. And then they also in that accident Realty Advisors thing and have my real estate broker's license that I can talk on the radio with some level of credibility and David over there. Chief Money alone, consultant in sales and marketing director. I give you new title couple weeks ago, so might as well start saying that. OK, if you've got a question or comment, you can call or text, it's on the action of mortgage talk in Text line, which is 85561616 20. All right, quick little update here on unemployment because that's a real thing. And it's it's Ah, it's kind of like the cold virus, though it's getting less bad. And so here's what we found out this week. Another 3.5 1,000,000 Americans filed for unemployment for the first time, and that's for the week ending Saturday, April 25th. Um, that's 792,000 fewer, then filed the previous week. Okay, And And just to put this remember, it's 3.5 1,000,000 fewer than the peak week, which was the weekend of March 28th when 6.8 million people filed for unemployment for the first time. Not to step on your next point. But it's not just initial claims, though. It is ongoing claims that really matters. All right, you are absolutely correct. The cumulative what I've seen, um, advertise or not advertised, mentioned and all the mainstream media they keep now, adding that talking about the total over 30 million Americans at by over unemployment there in the headline business, don't forget, let's let the record show. Well, the Labor Department's latest number is that 17.8 million people are continuing to file for unemployment insurance, which is a 1,000,000 1/2 higher than the prior week. But it's not 30 million, and it's not 3.5 1,000,000 higher than last week. So we talked about this on last week's show where all those people missing and it occurred to me I came up with another category. Remember that unemployment insurance is insurance, and so when you apply for an insurance claim, what are the two possible outcomes? Yes or no? Yeah, maybe some people are getting denied for unemployment insurance claims. I have no idea. But the the rial, uh, what's the bottom line is gonna be this coming Friday when we get the monthly jobs report. What I am interested in knowing is not how many people applied for unemployment, although it's it's bad. And don't get me wrong. It's a bad number. I want to know how many people are still working the participation rate, the participation rate, but not even the participation rate. I want to know the actual number of millions of people that there were actually working at the end of April or during April versus march. Okay, because remember to be counted as unemployed, you have to be actively searching for work. Within the last four weeks, you would have to have been looking for work. Is that the number something like, Look, we'll get back to you after the break on that. So anyway, a couple of other little tidbits. In Wisconsin, 49,900 people filed for unemployment for the first time, the week ending April 25th. That's down 6000 from the previous week. Ongoing claims in Wisconsin are 321,600. I had to search for it, but their labor force as of March anyway was 3.1 million. So are calculated. Unemployment rate in Wisconsin is 10.4. What state do you think currently has the worst unemployment in America? Illinois? Good guess. Michigan at the 2121.8. Maybe that explains why they had armed occupation. Did you see that Those there were angry citizens with guns occupying the Capitol this last week. No joke. Yeah, well, And also the United Auto Workers hasn't I think, given the ok for car manufacturers to go back to work Oh, neither. I think that drives a lot of that. Number two drives it. Okay, good. Good for For the auto manufacturer. Okay, Number two. Highest unemployment. Vermont, 21%. Connecticut 18.5 Pennsylvania 18.5. Nevada, 16.8. I'm thinking Vegas. Nobody is going to Vegas, Rhode Island for some reasons. 16.7, Washington, the state 16 Alaska, 15.6, New York, 14.4, and West Virginia, 14.4 from the U. S. Labor Department. So the jobs market, you know, is bad. You know, it's actually 11 times worse then a year ago for the same week. Yeah, so it's it's bad. And, um, we'll see what the numbers show this coming Friday. Friday. So the high unemployment, though, has not dampened the enthusiasm for home shoppers. But the other side of that coin and I was on a panel with two real estate agents. Um, this week with Milwaukee magazine talking about Okay, what's happening to the listing side the supply side of the equation. One of those agents estimated that listings are down 60 to 70%. It's not that bad. I've got the actual number for April that will share with you in the next segment. You're listening to the AC Unit Mortgage in Realty Show on Wisconsin's radio station WTMJ.

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No, don't just find a house. Find your home. Here's more of the AC Unit Mortgage and Realty show with Brian Wickard on WTMJ. All

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right, so I was on a panel this last week hosted by Milwaukee magazine's managing editor, Carol Nixon, and so me and two real estate agents and then ah, furniture store owner, because when you buy a house, you have to fill that house with things and eso one of the agents on that panel, uh, predicted, I think that listings air off 60 to 70%. And ah, maybe that's true for her micro market that she deals in on a regular basis, right? Clientele? Yeah, her clientele or her area of expertise show geographically. But according to the Greater Milwaukee Association of Realtors, MLS System Multiple Listing system and I'm a member through Accurate Realty Advisors, listings in April were down 37.7%. That's looking at the five county metro area, all single family and condo and all price ranges, all price ranges. That's right. The whole schmear so down 37.7%. So in April of 2019 2803 people list of their homes for sale using the help of a real tour registered trademark. And so now this, uh, April there were 1000 57 fewer. Okay, So what does that say to you, David? Is now a good time to list your home? Yes. Absolutely. Because inventory is down supply and is in the appetite. I can guarantee you that hungry buyers has not dropped in lock step. Even if buyers dropped 20%. Mostly, it's the same as the unemployment rate. 12%. That is the net effect will be. There are still more buyers than then discounts for sale. And it's gotten worse for the buyers and better for the sellers. Okay, so so one of the eight. So I asked a dumb question, but I number purpose. Yeah, during this panel, I said so to realtors who are active, what exactly is keeping people from listing their home? And what do you think they said? Brian is Corona Maris This right fear of catching the Corona virus by having people cough. On their end, 20 or 30 people come through their house, you know strangers. And even though you can write, you can't keep him from coffee or sneezing on your kitchen counter. We have video surveillance of you walk into our house, right? I'm which may be some people start to do. Sorry. So here was the really cool idea that one of the agents that she picked up on one of her master practitioner conference calls and that is Hey, Mr Mrs Cellar, Go rent an Airbnb er of er b o house for a week, including the weekend that we put your house on the market because guess what's really cheap right now that Airbnb and VR bill maybe even go stay in a better house than the one you within now, cheaper. And then we'll have all the dirty coughing people come through your home. And after they're done, you can like, not return for three days and have a light down by somebody. Hire professional cleaning service to come in and anti Covad clean it and then you go back in. This is exactly what your sister and brother in law did when I did my one listing per decade for their home in Wauwatosa. Except they don't go to an Airbnb. They came out Ah, Grandma Grandpa's house to hang out at the lake for people walk through a long weekend, right? This was at the very beginning. I think we were on the market February 28th 29th and March 1st. So the very beginning of this whole virus thing, But they came out here just does not so much for the Corona virus at that time. Because it wasn't nearly the fever pitch that it is now off a concern. But just to get out of the way and allow, um, the maximum number of people to come through the house in the minimum amount of time break rather than re gather your kids and get out of the house two hours later because somebody new ones in the house. So it kind of serves two purposes is it makes it really convenient, you know, for then somebody can come through your house at nine. PM because who cares? You're not there, by the way. That's not a good idea. Oh, I did that with your sister. One time rotor offer on a house late at night. It was dusky, and I didn't see all the gaps between the aluminum citing the light of day, man. And then another time I did that and I didn't see the curling shingles on one of the Both of them got accepted offers, by the way, so we had to get out of it on the inspection. So that's always good to see home in the bright light of day before you write an offer. Good points. As you know, not that smart of buyer's Agent Bryant. Um, all right, so now is the time to list, in my opinion. And I love that idea. Move out of your house for a week weekend. And if I was a listing agent about to make a $15,000 commission, I would consider paying for that Airbnb go split sees or Hey, I'll split it with you. You move out, I'll pay half. You pay half or whatever, but you know what? What? What's it gonna cost in this day and age to rent an Airbnb in Milwaukee in southeastern Wisconsin for a week? $500. Now much something Yeah, I would pay for it all right when we come back? Speaking of confidence in writing offers, I've got three second home stories to with common thread will cover that when we come back. You're listening to the Acura Mortgage in Realty Show on AM 6 20 wtmj

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getting you through the home buying process. Welcome back to the AC Unit Mortgage and Realty Show with Brian Wickard on WTMJ. Welcome

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back. You know, we just got a really good texture that I'm gonna answer right now before we get to the second home. Questions we have really sharp listeners that, you know, like like I found out this I'm talking to one of the agents who's representing a buyer on one of his second home is like, Yeah, you were talking about for parents the other week. I'm like, Wow, you listen to our show. You got lots of CFO's smart people that listen to show, So thanks for tuning in. Right. So here's the question. Do you think the greatly increased property value assessments just released by the city of Milwaukee are an accurate reflection of true sales prices as of the end of 2019? Or are they over inflated for the benefit of the Milwaukee property tax base, making hay while the sun shines before Cove in 19. Most residents seem to think they'll never sell their properties for those values. But could they just be behind the times in recent sales prices? My answer is, I don't really know for sure, but, um, maybe I could do this little research on the city of Milwaukee. It sell, he said. City or county? City? This is done by the city municipalities. According to the multiple listing service, median sales price year to date, it's up 8.8% year over year. And so typically, cities Onley reassess every three years, and what they're supposed to do is, you know, base it on actual closed sales. So let's say that, you know, if we went back three years, I bet your property values are up 20%. Yeah, maybe I could do a little bit of quick math on that, using the F h f A Home Price Index and answer this question a little bit, um, more accurately with that data. So my general answers Yeah, I think property values are up a lot, especially over the last three years, especially over the last three years. But the other part of the equation when it comes to property taxes is the mill rate. And so, you know, you take the assessed value times the dollars per 1000 so you might find that the city Milwaukee lowers the mill rate. Right? So if you go up on the assessed value might lower the mill rate because you can't overtax, you know, till, like, create a surplus. I think if they can only attacks to your budget. All right, so good question, and I'll see if I can do a little more homework on that wall were on break. All right, so we're going to talk about second homes at three second home enquiries or conversations this week. Two of them had this threat. Hey, Brian, we're gonna buy this vacation home, and, you know, we're gonna use it as a vacation home sometimes. And then we're gonna rent out on Airbnb some other times. Um, and then we're gonna title it in the name of an LLC to protect ourselves when we're renting. Which parts are okay about that? And which parts are the parts that are not okay? are the LLC parts, if only because Fannie Mae and Freddie Mac want to give mortgages to humans natural persons, as they call them and not Teoh corporations. That's right. No can go put your new property in an LoC. But we would be happy to introduce you to a commercial banker who's gonna give you that? Because the terms they lend money to businesses. And if you want to order it is a business for the protection, right? Because the reason you want to do that is a with the guy slips and falls and sues me. I want that extra layer of protection, which I mean, I'm not a lawyer, but I feel is overblown. But correct. I said, You can cure that with insurance, get a lot of liability or a good lawyer. But anyway, her both. What you can do, of course, is you can title the real estate in the name of a interview evos revocable trust That means that Latin David for between the living otherwise known as a living trust. Okay, okay, that is perfectly permissible. Yeah, and you can have more than one living trust. So we should room talk to Pat McMahon maybe this week about this and say, Could you title that second home in the name of your living in the name of a living trust and have the only asset be would that afford You have additional possession, same liability protection because you wouldn't have any other assets in that particular living trust. So the thing that is now, OK, that is a change, however, and and I just had to remind myself of this this morning. Fannie Mae and Freddie Mac do allow you to rent out your second home. Now, that used to be forbidden to show that on your tax returns as you have rented it out, Correct. But the only requirement is you must occupy that property for some part of the year. In other words, it can't be a pure rental property. You have to occupy it for some part of the year. So that part is Okay, so and then the other thing is, I also warned these two people Hey, if you think you can buy it as a human and then flip it into an LLC later, have you heard of big data? If you think that they're gonna find out. And then when they find that out, you will be immediately for closed upon. Yes, so and they won't let you just, like, flip it back out and say Whoops.

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Helping you find a place to call home. This is the AC Unit Mortgage and Realty Show with Brian Wickard on WTMJ

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just before you get to that other second home story. Did the math for our texture on the last segment about city Milwaukee home values. So I used the multiple listing Service City, Milwaukee. Ah, comparing 2017 median sales price, too. 2020 year to date. And you guessed it, David. Off the air, you said 30% rise and its 29.5. So you're $200,000 home is now worth 2 60 using that multiplier. Interestingly, the actual median sales price in the city. Mulkey whenever say, that's gonna say and congratulations to everyone for the increase in that stock they own called their house your house. So the actual median sales price in the city of Milwaukee in 2017 with sold with the help of a real tour, was 10 800 1000. It's now upto 1 40 condos. When you put those out, those are up 13.3% over the same three years from 1 71 median sales price toe 1 94 OK, you know, and of course, the thing that we always say about the median sales price is it does not take into account the particulars of the housing stock. You know, we're homes bigger, you know, that sold this year or smaller, more bedrooms, bathrooms, all those things. So we'll weaken. The only other number we have access to is the HF H A F H f a federal housing finance Agency, the regulator of Fannie Mae and Freddie Mac. They do it much more like an appraisal called the Home Price Index. But then we can only drill down to the five county metropolitan area. Not any demon. Not that the city of Milwaukee. All right. So the 3rd 2nd home story that I had this week of somebody been working with for a while about buying a lake property and they found one. And so their their penchant it was too, has been to Hey, um, they have a 15 year fixed rate mortgage with a really high payment on their primary residence right now. So I said, You know what? You're gonna buy a second home. Let's turn that back into a 30 year fixed cash flow. Is King right to like, cut your payment by 1/3 of what it was they think they only had, like nine years left. The girls. The pain is really high, so they like that idea. And then we start grind in the numbers for this particular transaction they have in mind. And in between there. By the way, though, I said, Let's change your refinance because jumbo loan financing has gotten what tighter? Let's change from just lowering your monthly payment, your primary residence. Let's flip that and say, What's the most cash out I can give you? And the answer is $290,000. It will keep a Fannie Mae 30 year fixed rate loan. Wow. Okay, let's just at least do that because we get you approved. Then we can decide if you want take any cash out, or how much you know once you get your proof. So this all now coalescing this week because they're going to write this offer over the weekend, they very much expected to be accepted. And so one thing that was in their mind again going to the changing landscape is Haberland writes, We're going 20% down on the new lake home and like, No, I can't do that. The maximum now under the new, more restrictive rule book for your particular situation. Second home, Yeah, is $650,000. That's the most I can lend you, so Oh, okay. We have to bring more money. But you know what? That's OK. And they were gonna liquidate money out of their bond portfolio, which is done well. And so now I was pitching him on. The idea of money is so cheap, I can lend you all the money that you need for your down payment on the cash out refinance. And so you can literally finance ah, 100% of the purchase price. Some on your primary reasons will help you take cash out for the down payment and the rest on the new house. And then leave your bond portfolio alone. Yes. And why did I tell him that, David, Or suggest that well, if the portfolios doing well, allow that to ride, if only because they could be the bank of them. And hopefully their bond portfolio returns a a net return greater than the cost of borrowing money or even if it's close. Yeah. So this is also because liquidity is king. Exactly. When the going gets tough. Liquidity is your friend Cash. Having access to cash or liquid investments is critical. And how do we know that while the examples are you remember Lehman Brothers? Remember Bear Stearns? They went poof along with a i G In the financial crisis of 2008 they went away. Why liquidity you? Nobody would lend him money anymore. Couldn't refinance their existing debts gone. Ah, what are all these big publicly traded companies Do all the airlines Bo bowing Delta just raise $25 billion in a bond offering. Okay, but they also had lines of credit at all. The big banks drew down the billions, saying, you know what we want. We don't want you to be able to cancel our ability to borrow because we're not doing so well. What about all that money right now? Liquidity. So now I was thinking in the shower this morning the other thing I'm to suggest to them. It's if you want a compromise, take a little money out of your bond portfolio and will make the loan amount on your new second home will turn it into a Fannie Mae loan. A little mixture there. One last thing. I did the math for him. Hey, the difference between not pulling any cash out on your primary residence and just refinancing the balance in terms of monthly payment was like 1250 bucks. I said, You know what you could do? Take that to 90. That I'm gonna give you. Use it on that and then if you're worried, because why wouldn't they want to do that all? We don't want the higher payment on our primary residence. I said you could take $1250 out of your bond fund. Every month. You supplement your payment for ah 199 payments, which is about 20 years, and that's why it's 19 years, 19 years. So there you go, trying to help you wield your mortgage like a real financial planning tool that it is all right. When we come back, what should we talk I want to talk about my story. People decide between 26 30 year mortgage. Okay, we'll cover that when we come back. You're listening to the accident Mortgage and Realty show on Wisconsin's radio station AM 6 20 wtmj.

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Expert advice on buying a home Here's Maura, the AC Unit Mortgage and Realty show with Brian Wickard on delicate TMJ. People don't know, But you

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re wrote this song for the AC unit 20th birthday party back in August? Yes. Been in business 20 years. Yeah. Um all right. So I wanted I had a conversation, uh, at the end of the day on Friday, personal family, friends. So I just always enjoy being ableto speak more candidly with folks, especially when they're friends. Ah, and this has to do with I know that I talk a lot that the numbers are the numbers, but really, it's the emotions and the fear and the family that I think inform the numbers. So for these folks, they've been in a mortgage that we helped them with four years ago. Awesome. They have 26 years to go. Rates have come down from even when they refinanced four years ago Hey, if you guys want to stay on your so this conversation was two fold, we can look just straight up, lower your current balance and keep you on the same pace and save you 120 bucks a month or lower your rate and keep it at 26 years remaining. Because we can customize the number of years for a mortgage anywhere between 10 and 30. Yes, so for them 26 years each, your vegetables keep on the same path you, Sam alone, paid off. Or, if you would like maximum cash flow with Stretch back out to 30 which hurts Midwesterners in their hearts. But if you stretch back out to 30 years, they've got a pretty big loan amount that would save you. 270 bucks. Low month. Whoa. That's to 70 then, is that math? Times 12 is a 31 $100 raise that heard it okay without having to do a performance review and no income tax taken out. That's after tax money, Daddy, and so and so the conversation then. So it's a win win. It's basically just like what? How would you like one? Weighs exactly, but then the conversation went to Okay. Hey, we both working professionals have no inclination that our jobs are gonna be cut, reduced, furloughed or anything, but still, the world makes them a little bit nervous. Um, and so I said, Look, if you are my brother, the advice I would give us go back out to 30 because it is always nice when you can pay less and then have the option to pay more at your discretion. Nobody who's had a financial hardship has ever said, Boy, am I glad and building up equity in my home because it's dead money? That's right. They have always said, I wish I had less monthly payments, right? Said everyone all the time when faced with any kind of a financial hiccup and so and more cash in the bank, I wish I had to. And so to that point, then the conversation came to the second but part, which is well, when we give them their new mortgage, it's gonna be at about 75% of the value of their home. Okay, they're thinking about doing a basement remodel, but we're not taking any cash out. We're not doing any captured. This was just a regular old refund. Just pay less to live in your same house like that. And so the And so the best execution for this basement remodel for them is likely going to be a home equity line of credit, if only because then they can get access to the dead money in their house up to 90% okay of the value of their home. Any idea what the rates going to be on that baby prime front in our prime plus one. Okay, so foreign 1/4. And they don't have to use that. So a lot of credit. Can they put that on at the same time? Or before we close on their refinance data? No, You know why? Because then it spoils the pricing. That's right. The presence of any kind of a second mortgage or home equity line of credit, even if it has a zero balance puts a M in the punch bowl of long pricing. But getting that he lock is twofold for them, because one it's you know they're not. They don't have a burning desire to redo their basement. They just want to, but But getting that home equity line for to the tune of tens of thousands of dollars is an additional emergency fund safe safety, safety net emergency fund, emergency money that that, as we say all the time, you are better off asking for money when you don't need it, because when you need it, you can't get it. That's right. So that's what that smart advice Because then in a year, if they feel good about the world and hey, they didn't have to tap that home equity line. Maybe they are just like, let's redo the basement because we've got the access to the money. There was an article in The Wall Street Journal this week warning homeowners, Hey, maybe you want to go on to get a home equity line of credit now if you have the equity. Yeah, because some of the biggest banks in America, Chase and Wells Fargo, have said we have doing home equity lines of credit anymore. Yeah, yeah, so But then, if you do go to refinance, we're gonna probably ask you to close it so that you get the best price and you can reopen it again later. Yeah, all right. Ah, when we come back. I have a rate round up. You ever run up and I want to talk about how AC unit is Number two. What? Car number two? We're number two. What car company used to say we're number two. So we try harder. We'll cover that when we come back. You're listening to the accident Mortgage and Realty Show on AM 6 20 WTMJ.

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Find a place to call home without the headache. This is the AC Unit Mortgage and Realty Show with Brian Wickard on WTMJ.

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Welcome back for the final segment of the show. So what? Car rental company? I asked you this, you know. OK, it was Avis. Back in the eighties or seventies. Hurts was the only car rental company of any national expanse. And so on Avis came out. Their slogan was, We're number two. So we try harder. So accurate mortgage is number two. We started participating in a industry group customer satisfaction survey with about 35 other lenders were probably on the smaller size of people who are participating. This like Pulte Mortgage there. The division for Pulte Homes, one of the nation's largest homebuilders, is in this group. Ah, bank of Oklahoma, Bank of Arizona, Bank of Texas, Um, movement mortgage there a big share outfit. So we all participate. We asked the same questions in the same manner through this third party. It's kind of like JD power for smaller players because we could never participate in J D. Power's. Okay. Um, all right, so we all know about this question, and we are number two in the nation. Get up for the most important measurements, which are Are you satisfied? And there were at about 95.5%. 96 a half percent of our customers say they use us again. And about 97% of our customers say they would recommend us to a friend, neighbor or coworker Awesome, which is really good. So we're number two in each of those really important categories. And, you know, because we do a lot of things to try to keep people informed about what's going on with their loan, you know, plus the kind of consulting in on turning your mortgage into a financial planning tool. And plus, I think it helps to have good rates in good closing costs. So that combination thinks it's nice to know that we are doing. Really? Someone else told us we're doing a good job. No, I'm saying the cervical, somebody someone else don't. So we feel like we do. Yeah, And people tell us that. But it's nice to know how you compared to others sometimes to validate. That s so speaking of good rates and things of that nature. David, are we doing a 30 year fixed at 3.375 years, 3.4 with just $995 cost with 25% equity and the other? I think that's where it was last week. It wasn't okay, so plenty of opportunity there to lower ones. Mortgage payment? Yeah. Oh, and to and to do it with, you know, some options along the way. If you want, you could pay some points to get down to 2.99 You just doing what I already have to pay 3.1. You would have to pay about $4000 cost $3999. And I'm not sure I would do that, because I think, you know, here's my rule of thumb if you conceive $1000 a year, Yeah. So $83 a month and keep your costs down, like under a grand do it. That's that's my personal trigger point. Because you're gonna make back the money. If you could do better than that. Great. But then there's always the question of Well, should I wait, Brian, our rates gonna get lower. I don't know. Is the stock market going to do exactly so they could get lower this over the next several months over the summer? Well, and if you do ah, nowhere. Limited cost refinance zero. Yeah, but then then you're not waiting for the break. Even if rates do drop again, you get your cake now a lower payment and then having no cost or limited costs, you can pull the trigger again without feeling like you're let any money on fire. That's right. Don't let your hard earned money on fire. Hey, so what On that person that we're going to save $275 a month on what's there? What are their long costs going to be? Zero. So there. That's called instant gratification. It's in gratification. One of the thing that we learned this week is on the F word for Barents. We actually had some borrowers one in process on a refinance. I forget. I don't really know how we found this out, but they decided to apply for for Barents on the loan were about to refinance, which is not allowed. And they're still it is allowed well, but you will not be able to close on your new loan. Correct? Right. And here is the bad part. They don't have a financial emergency. They just did it because Well, in case we do have a financial emergency, let's apply for this poor parents thing, you know? So we've got it. Well, the problem is, the for Barents is on Lee good for six months. So you know they applied for it. They're making their payments. They're burning the clock. You know said before that if they ever really didn't have a financial emergency, you know, now they only have three months left. But the worst part is, you said, and we're not doing your refinance. If you have claimed you have a financial hardship. Yes. That means you're gonna have our financial hardship on the new long doesn't it? So please don't don't go for that rifle. Actiq Lee preemptively go, and they said it was really easy. We just went on to our mortgage Servicers website and cut down the button. I'm sure the button says you swear under the penalty of a federal fine and time in jail that you have a bonafide cove in 19 emergency. They probably forgot that part or didn't read it. It just clicked on the button, got instantly approved. Alright, so Reacher Low, Um, supply of homes air limited. So you really got us have a really great preapproval, like a rock solid guaranteed preapproval from accurate. If you're out there buying and for goodness sakes, if you have a home to sell listed now is a great time and better than later when other people might, you know, get over it. And with their homes for sale, that's all we've got. For now, you've been listening to the Accident mortgage and realty show on Wisconsin's radio station WTMJ. The preceding was a paid program, and bison opinions expressed during the AC Unit Mortgage and Realty show are solely that of the host. For guests, Evacuate mortgage and Accurate Realty Advisors and not WTMJ radio or good Karma brands. Milwaukee LLC,