Tim Taylor - Trident Home Loans, LLC

Two of my favorite things. Getting home buyers great interest rates and suppporting great causes like the River Cup foundation in Peoria.

Thrilled to play a small part of their fundraising to helping OSF children’s hospital.

Call me for great rates and excellent service.

Tim Taylor
Nmls677644

Friends,

When we pull credit for a mortgage prequal or application, many of our customers get bombarded with annoying credit solicitations. These are because the credit bureaus "sell" or provide the fact that you applied for credit to companies that buy that information.

If you are about to apply for credit or just want to avoid the credit calls you get from those soliciting credit, I am sharing this flyer from my company that we are now providing to our customers.

Even if you don't plan on applying for credit, you can still do this. It will take 5 minutes.

If you have any questions about this, or any questions about mortgages, please feel free to call.

Sincerely,

Tim Taylor - Trident Home Loans, LLC
NMLS 677644

To my friends looking to buy a home or refinance. Here is a great article from Freddie Mac about buying points and not buying points.

In my history, lenders that are automatically trying to charge points for rates, are inflating their rates anyway.

Not that we can't charge rates, but on a side by side comparison, I will beat most lenders, without charging the same fee's and points my competitors charge.

Be wary out there of the fine print.

Let me know if you need anything for a prequal, purchase or refinance.

Tim Taylor - Trident Home Loans, LLC
NMLS 677644

Paying for discount points? New Freddie study has interesting data for you - Scotsman Guide Recent data from government-sponsored enterprise suggests that points aren't all they're cracked up to be

Friends,
Here is the timeline of a very satisfied mortgage customer. (One of my favorites of the year, for sure)
1. October – Customer pre-approved for a VA loan with Trident
2. Early November – Customer goes with a “local” lender who was pushed by his realtor.
3. 20 November – Customer calls us to fix the loan. Local lender does not know about VA loans and how they work.
4. 22 November – Selling realtor asks buyer to talk to her lender. (her husband)
5. Thanksgiving Day - Discuss loan with customer and realtor. (Yes, Thanksgiving Day)
6. 23-28 November – New lender isn’t returning phone calls or discussing rates.
7. 28 November – We lock him at Trident home loans on a VA loan. (BTW, lower rate and less fee’s than the 2 other lenders)
8. 2 December - We float him down .125% from the original lock because rates went down.
9. 11 December – Customer is cleared to close.
10. 18 December - Customer closes on their new home.

Lessons learned:

1. Take care of the financing first, before selecting a realtor
2. Realtors’ lender most of the time isn’t the best choice. Neither is your local bank.
3. Always call Trident to compete against the other lender. At least it keeps the other guys honest.

Merry Christmas and Happy New Year

Tim Taylor - Trident Home Loans, LLC
NMLS 677644

Friends,

The new conforming loan limits have been released and are effective today. For 2024, most counties loan limit is $766,550.

What this means is that if your loan is below that for a single-family loan, you will get lower interest rates. If it is above that number, then you will get a jumbo interest rate, which are typically higher.

There are exceptions to the rule, if you live in higher cost counties.

Here is the map that will say what the loan limit is in your county or the county you are thinking of buying in.

Give me a call if you need a prequalification, need a quote or have any mortgage related question.

Have a great weekend.

Tim

NMLS 677644

Conforming Loan Limit Map | Federal Housing Finance Agency This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.

Realtors, Friends and buyers,

Today, we just had a pretty significant interest rate drop.

Realtors- If you have a customer that is already locked let them know so they can call their lender to get a lower rate. Or better yet, have them call me to get a lower rate. I can close a loan in 21 days.

Buyers- If your lender won’t lower your rate or giving you the run around, give me a call and my team will get you locked and going ASAP. Even call this weekend.

THanks

Tim Taylor
NMLS 677644

While the 2024 Conforming Loan limits haven't officially come out, our lenders are now using $750,000 as a conventional loan limit. (Up from $726,200).

What that means is that up to $750,000 will not be a jumbo loan, therefore the rates will be better.

I know that isn't much of growth in the new year, but it might help someone that is coming into the market around that loan amount.

Give me a call if you have a question or need a quick prequal.

Tim Taylor - Trident Home Loans, LLC
NMLS 677644

If you have a friend or family member buying a house, anywhere in the country, I wanted to share some information with you.

In the past two weeks, I had prequalified three couples to buy homes. I worked with them, gave them the letters they needed, talked them through the process during off hours and provided them with competitive rates/costs.

In all of these three cases, the realtor they were working with in Texas (2x) and Colorado told them to use their "local" lender.

With that advice, they shopped with that "local" lender and guess what?

The "local" lender was about .25% higher on interest rate and was also going to charge 1 point for the higher rate.

So, in this case, my rate was lower, and my costs were lower.

Here are a couple of takeaways from this experience.

1. You don't have to go with a "local" lender. That is a fallacy. We do loans all over the country and do it very easily.
2. Most realtors are very honest, hardworking people, but only the really, really good one's care about the terms of your financing. This transaction is a huge financial undertaking, and securing the best financing will save you tens of thousands of dollars.
3. If the lender has an office in the realtor building, then you should run away, quickly. Very rarely are they offering competitive rates, because they rely on "their" realtors to provide the "captured" clients for their business.

Unfortunately, that is the truth during these times.

You want a lender that works for you, to secure the best financing, in a timely manner that fits your budget.

You also want a lender that will be your advocate after the loan closes. Especially, in these times of higher interest rates, a good lender will let you know when rates drop, and a refinance would be a good option to save money.

So, if you are a real estate agent that cares about the terms of the financing for your clients, I would love to work with you.

If you are in the market to buy a home, I would love to help you with that most important financial decision of your life.

Sincerely,

Tim Taylor - Trident Home Loans, LLC
NMLS 677644
309 642 0008

Need a quick closing, with great rates and service. Give me a call. This is a VA loan in Indiana, but we do FHA, VA and conventional loans all over the country.

Two weeks ago, I spoke to a customer I had prequalified, but he went with a "local" lender he knew. I was surprised I didn't get a chance to beat the "local" lender but understood and kept the communication open.

In discussions with the customer, I found out the local lender was charging him .5 points for an interest rate that was .875% higher than what I had.

So, with 10 days before closing, they switched to Trident Home Loans, LLC and we closed the loan on time last Wednesday and the borrower will now save over $300 a month in payments.

Lessons learned:

1. Always go with a reputable lender, not necessarily a "local" lender
2. Don't assume the "local" lender is a better deal on rates, service and fees.
3. Go with a lender that can close quick, takes phone calls on weekends and will float you down if rates go down.
4. With the age of the internet, local doesn't mean faster, better or cheaper.
5. Always call me for your home loan.... ;)
6. Lisa McDonald is a great processor. (She process's all my loans)

Thanks

Tim Taylor - Trident Home Loans, LLC
NMLS 677644

Please check the newest review!

We are still closing loans very fast. Purchase closings in 21 days in most circumstances.

This was a refinance of a construction loan and we got it turned around really fast at a great rate.

Give me a call if you have any mortgage questions.

Sincerly,

Tim Taylor - Trident Home Loans, LLC
NMLS 677644

New product available.

Trident Home Loans, LLC now has construction loans available. This program is a one-time close program, with a locked in interest rate at closing.

Here are some of the details, but if you need more info, feel free to give me a call.

BETTER FOR BORROWERS

Save time and money. One closing means only having to cover one set of closing costs.

No settling. With new construction, your borrowers really can have the home of their dreams.

Only 5% down. A low down payment makes new construction loans accessible for more borrowers.

One approval. No need for a second approval.

Float down option. Once the loan is complete, borrowers can float down to secure a lower interest rate if the market changes or stay locked in no matter how the market moves.

Initial interest-only payments. During the build period, the borrower can enjoy a lower, interest-only payment.

Less out-of-pocket expense. The borrower doesn’t have to pay for the build and then get a mortgage. The mortgage pays for the build!

BETTER FOR BUILDERS AND CONTRACTORS

Levels the playing field. Gives general contractors more freedom to build unique dream homes for their clients, rather than cookie-cutter developments.

Get paid faster. Once the loan is closed, the cash is ready to be used for labor and materials. It also saves the expense of having to pay for the build up front and then find a buyer.

Thanks

Tim Taylor - Trident Home Loans, LLC
NMLS 677644

Friends,

Despite a rising interest rate market, 2022 was a great year for my mortgage business.

I obviosly couldn’t have had the success without all the great customers and referral partners who trusted me with one of the biggest financial transactions of their life.

So from the bottom of my heart, Thank you.

Here is a summary of loans I originated in 2022 to demonstrate what I can do for you in 2023, here is a summary:

· loans as small as $100,000 up to $1.4 million.

· VA loans, conventional loans, FHA loans and bank statement loans.

• Numerous first time home buyers.

· loans for customers with credit scores above 780 and at 580.

· loans for customers in 18 states. (I am licensed in 29 states)

· purchase loans and refinance loans.

· primary home loans, secondary home loans and investment home loans.

· closed loans in 18 days and worked with some customers for over 200 days. (builder issues)

· ability to float down interest rates for numerous customers when rates improved during the application process.

· took applications and wrote prequal letters on Saturday nights, weekends and at all hours of the day.

· worked with Airline pilots, active duty military, separating military, and a wide spectrum of customers, doing some pretty cool and interesting jobs.

· worked with self-employed business owners, W-2 employees and retirees.

My goal in 2023 is to grow my business. So, if you or anyone else you know, needs a mortgage loan to buy or refinance a home, please feel free to have them call me. My interest rates and service will not disappoint.

Licensed in AL, AZ, AK, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, LA, MD, MA, MI, MN, NM, NC, OH, OK, SC, TN, TX, UT, VA and WA.

Feel free to reach out by email, text or phone 7 days a week.

I hope your 2023 is a great one.

Sincerely,

Tim Taylor
NMLS 677644

Yesterday, I sponsored and played in a golf outing in Bloomington that raised over $12,000 for the Folds of Honor scholarship fund.

I was blessed to play with three really good guys and great realtors in the Bloomington area.

So if you are looking to buy or sell in the Bloomington / Normal area, call Chris Rothan at EXP Realty (309 868 2841) or Jaiden Snodgras (309 706 8610) or Jeff Tod (309 531 0548) of Remax Rising. They are ready to help you out.

Thanks

Tim Taylor.
NMLS 677644

Thank you for the review.

It really feels good when you get a repeat customer. That means we are doing something right.

Congrats on your new home and thank you for letting me help with your VA loan in Virginia.