IT'S THE AMERICAN DREAM TO OWN A HOME.
YOUR OWN LITTLE CORNER OF SUBURBIA.
EVEN WITH OUR UP AND DOWN ECONOMY, IT REMAINS A TOP PRIORITY FOR MANY PEOPLE.
WITH US TODAY TO DISCUSS AFFORDABLE, FINANCING OPTIONS
AND QUALITY LOANS, IS LOIS JOHNSON, CEO OF UNITED SECURITY FINANCIAL CORPORATION.
GOOD MORNING.
THANKS FOR BEING HERE.
THANKS FOR HAVING ME.
ALRIGHT SO BEFORE WE TALK ABOUT OWNING A HOME, WHICH I THINK
EVERYBODY SHOULD AT ONE IN THEIR LIFE.
LET'S TALK ABOUT YOUR HOME AND WHERE YOU LIVE AND THE HEADQUARTER IN
SALT LAKE CITY, UTAH.
LET'S SHOW OUR VIEWERS THIS PICTURE.
YOU ARE BLESSED.
WE ARE.
WE ARE REALLY BLESSED IN THIS STATE.
WHAT A BEAUTIFUL BACKDROP.
DESCRIBE THIS TO ME.
GOING TO THIS EVERY DAY.
YEAH, BEAUTIFUL MOUNTAINS AND THE SNOW IS ON THE MOUNTAINS
AND IT'S JUST A PEACEFUL SETTING.
A PEACEFUL PLACE TO BE.
IT IS.
AND PEOPLE ARE VERY NICE.
I'VE BEEN THERE TWICE AND VERY GRACIOUS PEOPLE IN
SALT LAKE CITY.
GOT TO GO BACK.
ALRIGHT SO LET'S TALK ABOUT GOOD FINANCING OPTIONS AVAILABLE TODAY.
ARE THERE RIGHT NOW FOR ANYBODY WANTING TO BUY A HOME?
THERE REALLY IS.
REALLY?
SEVERAL OPTIONS OUT THERE.
FHA, VA, AND FANNIE MAE.
OK, AND HOW DO FIRST TIME HOMEOWNERS KNOW IF THE HOME
LOAN THEY ARE APPLYING FOR IS A GOOD QUALITY LOAN, LOIS?
JUST FIND A LOAN THAT IS A FIXED RATE.
SPREAD OUT OVER 30 YEARS.
YOUR PAYMENTS.
AND THEN YOU CAN GET A GOOD FIXED RATE FOR THREE YEARS.
IT'S CALLED ADJUSTABLE RATE.
THOSE RATES ARE VERY GOOD LOANS.
AND LET'S TALK ABOUT YOUR COMPANY.
UNITED SECURITY FINANCIAL.
IT'S A NATIONAL FULL SERVICE MORTGAGE LENDER, CORRECT?
ABSOLUTELY.
WHAT IS FULL SERVICE MEAN IN DETAIL?
FULL SERVICE MEANS THAT WE WILL TAKE YOUR APPLICATION AND CLOSE IT
OUT AND SERVICE YOUR LOAN AFTER IT'S CLOSED.
SERVICE MEANS THAT YOU MAKE THE PAYMENT DIRECTLY TO US.
WE ARE DIRECT LENDER.
DOES THAT MAKE A DIFFERENCE?
IT ABSOLUTELY DOES.
WHY SO?
BECAUSE OF THE FACT THAT YOU DON'T GO ONE PLACE AND GET YOUR LOAN
AND THEN HAVE TO PAY SOMEBODY ELSE.
OKAY.
YOU START WITH US AND FINISH WITH US.
AND THERE ARE MORE TRUST IN THAT SENSE, RIGHT?
RIGHT.
ABSOLUTELY.
ARE YOU, I MEAN I HATE TO KIND OF COMPARING, IS THE COMPANY KIND OF LIKE A WELLS FARGO?
IF YOU WILL?
WE HAVE THE SAME THING TO OFFER THAT WELLS FARGO HAS.
THE ONLY DIFFERENCE IS WELLS FARGO IS BANK WHERE YOU CAN MAKE BANK DEPOSIT CHECKS
AND SO FORTH.
BUT BASICALLY, WE HAVE THE SAME THING TO OFFER AS THEY ARE.
THEY ARE A GINNIE MAE ISSUER.
UNITED SECURITY IS A GINNIE MAE ISSUER AS WELL.
OKAY AND YOU KNOW, LET'S TALK ABOUT THE ECONOMY.
A LOT OF PEOPLE HAVE HAD TO DIP INTO THE SAVINGS, UNEMPLOYMENT.
WE ALL KNOW THE PROBLEMS THAT HAVE OCCURRED.
SO, FOR THE FIRST TIME HOME BUYER, A LOT OF THEM WILL SAY, WELL, HOW MUCH MONEY
DO I NEED TO PUT DOWN?
AND THAT'S A BIG CONCERN.
YEAH, THE RUMOR IS OUT THERE THAT YOU HAVE TO HAVE A LOT OF MONEY TO
GET INTO A HOME, TODAY.
OR ELSE YOU CAN'T.
RIGHT.
BUT THAT'S NOT TRUE.
THAT'S NOT TRUE.
NOT TRUE AT ALL.
YOU CAN GET IN AS LOW AS 0 DOWN PAYMENT ON A VA LOAN.
REALLY?
ABSOLUTELY.
AND THEN THE SELLER CAN PAY THE CLOSING COSTS, WHICH HELPS.
AND FHA, YOU CAN GET IN FOR 3.5 PERCENT.
SELLER CAN PAY THE CLOSING COSTS AS WELL.
AND FANNIE MAE YOU CAN GET IN WITH 5 PERCENT DOWN.
WHICH IS DOABLE.
ABSOLUTELY.
SO, WHAT WOULD YOU TELL WOMEN OUT THERE OR ANYONE FOR THAT MATTER WHO IS KIND
OF ON THE FENCE ON THE DECISION TO BUY.
WHAT WOULD YOU SAY THE MAJOR BENEFITS OR HOME OWNERSHIP?
GETTING SOMETHING OUT OF IT.
YOU BUILD UP EQUITY WHEN YOU MAKE THAT PAYMENT EVERY MONTH.
INSTEAD OF JUST GIVING IT TO THE RENT MAN, AND HE'S GETTING THE
EQUITY .. WHICH IS LIKE THROWING IT AWAY.
ABSOLUTELY.
YEAH.
YOU ARE ACQUIRING THE INTEREST IN THE HOME.
THE EQUITY.
IN ADDITION TO THAT, YOU CAN WRITE IT OFF YOUR TAXES.
BASICALLY, INTEREST ON YOUR HOME IS THE ONLY THING ON YOUR HOME THAT YOU CAN RIGHT OFF
NOWADAYS, UNLESS YOU ARE IN BUSINESS FOR YOURSELF.
EXACTLY.
NOW, HERE'S SOMETHING THAT I KNOW AFFECTS A LOT OF PEOPLE TODAY MORE THAN EVER.
SHORT SALES, BANKRUPTCY, FORECLOSURES, YOU KNOW,
CREDIT SCORES HAVE GONE DOWN AND A LOT OF THEM THING THAT IF I'M A FIRST TIME HOMEOWNER,
I CAN'T MY CREDIT SCORE OR WHAT ADVICE WOULD YOU GIVE THOSE PEOPLE?
IF YOU HAVE PROBLEMS IN THE PAST, JUST GET PAST IT.
ONCE YOUR GET PAST IT, START REBUILDING YOUR CREDIT.
OKAY.
PAY BILLS ON TIME.
AND GET YOUR CREDIT SCORE BUILT UP.
AGAIN, HOWEVER, FHA AND VA IS NOT SO MUCH FICO DRIVEN.
OKAY.
FANNIE MAE IS A LITTLE DIFFERENT.
YOU CAN GET IN AS LOW AS IN THE LOW 60'S WITH FANNIE BUT WITH FHA AND VA YOUR FICO
SCORE IS IMPORTANT BUT NOT AS IMPORTANT.
AND HECK IF DONALD TRUMP CAN GO BANKRUPT WHO KNOWS HOW MANY TIMES.
ABSOLUTELY.
(LAUGHS) WE CAN ALL GET BACK ON TRACK.
YOU'RE ALSO LICENSED IN 48 STATES. 48 STATES.
WHICH IS GREAT BECAUSE THERE IS OPPORTUNITIES ALL OVER THE NATION.
ALL OVER THE NATION.
AND WE DO LOANS ALL OVER THE NATION.
EXCELLENT.
ALRIGHT SO IF OUR VIEWERS WANT TO MORE INFORMATION ON OWNING A HOME
WHICH I REALLY THINK IS IMPERATIVE, IT WAS MY DREAM IN MY 20'S.
OR INFORMATION ON YOUR COMPANY, WHERE WOULD THEY GO?
THEY WOULD GO TO UNITEDSECURITYFINANCIAL.NET
EXCELLENT.
AND THE NEXT TIME I GO TO SALT LAKE CITY, MAYBE I'LL LOOK FOR
A HOME, YOU CAN SHOW ME AROUND.
AND MAYBE I'LL BECOME A NEIGHBOR.
ABSOLUTELY.
WE'D LOVE TO HAVE YOU.
AS LONG AS WE HIT THE SLOPES.
THANKS.
THANK YOU SO MUCH.
GREAT PEOPLE IN SALT LAKE CITY.
THANK YOU, LOIS.
AND IF YOU'D LIKE TO LEARN MORE ABOUT THIS VERY IMPORTANT TOPIC,
PLEASE VISIT US AT THEBALANCINGACT.COM
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