Mortgages with Mike Tanas

Mortgages with Mike Tanas Serve Here. Grow Here. Help Families Achieve their American Dream.

What an impactful week it has been. I was surrounded by over 100+ UMortgage mortgage brokers to learn better ways to ser...
10/19/2024

What an impactful week it has been. I was surrounded by over 100+ UMortgage mortgage brokers to learn better ways to serve our clients. The cost of living is tough and with inflation it can feel crushing.

As a mortgage loan officer, I help you manage your liabilities and there are some ways I can help you do this right away!

Thinking about refinancing? Here’s why it could be a smart move:

• Lower your rate
• Tap into home equity
• Consolidate high-interest debt
• Change loan terms
• Remove PMI
• Lock in a fixed rate
• Free up cash flow
• Exit strategy from a hard money lender
• Convert short-term loan to a permanent loan

DM me today and I will help you out!

10/16/2024

Veterans and Realtors, here’s a game-changer! The VA home loan itself doesn’t have a credit score requirement, it’s the lenders who do. And guess what? We work with scores as low as 500! 👀
Second opinions are FREE! Let’s make sure you and your clients are taken care of! 🫡

🏦 UMortgage
🇺🇸 VA Loan Expert
📲 214-604-5245
✉️ [email protected]
⚜️ NMLS #2089061
📍 Nationwide Lender

I often get asked "Mike, I see you post a lot about purchasing house but do you also refinance?"Me: "YES"You could be mi...
09/24/2024

I often get asked "Mike, I see you post a lot about purchasing house but do you also refinance?"

Me: "YES"

You could be missing out on major savings!

Lower your monthly payments (could a couple hundred dollars a month help you)

Reduce the term of your loan (take years off those payments)

Consolidate debt (consolidate those high-interest bad debt into your mortgage)

Let's talk about your situation and create a plan.

Climbing the Mountain Had an incredible conversation today and we talked about how in business is like climbing a mounta...
09/13/2024

Climbing the Mountain

Had an incredible conversation today and we talked about how in business is like climbing a mountain.

It had me self reflecting, the climb to the top can be a lonely one - overcoming challenges, personal perseverance and at times can be very isolating. Whatever that "mountain" is for you the goal is to reach the peak.

But, have you ever reached the peak and then looked around and nobody was there with you?

If that happens, you immediately realize it was never about your individual efforts but the support and company of others that you do it with together. As we each climb mountains, we need to constantly help out others along the way and true leadership is being able to celebrate the view together.

09/10/2024

Did you know that I can give you a second opinion on your mortgage situation?

Buying? Selling? Refinancing? I can help you.

Just got off the phone with a client that will now get a lower interest rate (0.5%) lower and save over $100 a month for the next 30 years because they picked up the phone to get a second opinion.

Best part, it's going to cost less because I don't have a lot of the junk lender fees this other person was trying to charge.

📲 214.604.5245

09/09/2024

Did you know that I am able to do loan consultations, pre-approval calls and answer your real estate questions that keep you up at night at times that are convenient for your family?

I understand that families have busy schedules, kids activities and work schedules.

I have a call scheduled with a family that recently got pre-approved at 9pm and is beginning their search.

When the banks are closed, I keep my doors open for your family to make this journey easier.

🇺🇸VA buyers, it’s time you discover your buying power! Use my new VA home loan calculator to understand where you stand ...
08/15/2024

🇺🇸VA buyers, it’s time you discover your buying power! Use my new VA home loan calculator to understand where you stand in your homebuying journey. Check it out and let me know if you have any questions.

https://www.umortgage.com/originators/2089061/mike-tanas

NMLS 2089061 | UMortgage LLC 1457759

RANT ALERTTHIS RIGHT HERE! This right here is what causes veterans to pack their home move across the country and end up...
08/15/2024

RANT ALERT

THIS RIGHT HERE! This right here is what causes veterans to pack their home move across the country and end up homeless with a full uhaul. STOP using CALL CENTERS.

Better yet If that loan officer is in an entire different part of the country which s**t its the fan they just stop answering the phone and move on to the next victim. Absolutely deplorable.

This happens EVERY SINGLE DAY ... Don't let it happen to you!

This right here is why their incompetence is giving agents a bad taste in their mouth about the VA loan.

Let’s break this down so you have as much context as I do so you can understand.

Below is a “comprehensive review pre-approval” from the nations top VA lender, Veterans United. You’re thinking, awesome, right? Comprehensive is a fancy word, they must’ve done their due diligence and this has got to be a solid buyer. Heck, they even have a section to the sellers and agents pitching how solid this letter is and how you need to trust them.

Here’s the issue. This whole thing is junk. It’s BS. It’s not an actual pre-approval letter. It’s a half ass job done by someone who cranks through internet leads and has no business doing VA loans. Here is why.

This veteran has zero assets. No money for inspections, EMD or anything. How can they go under contract without anything in their account? Now, we can definitely structure it to where they pay nothing at closing or even get a check back, but you ALWAYS need some money. Especially when you’re “pre-approved” for $500k.

Next issue is they haven’t even verified that this veteran is ELIGIBLE TO USE THE VA LOAN by pulling their certificate of eligibility. That is literally step 1. You know how many deals I have seen where someone never pulled the COE and 3 weeks into a contract it blows up because their COE application was denied due to insufficient time in service? TONS. It’s disgusting.
Lastly, they state that the buyer cannot even buy until NEXT YEAR. Why the hell are you even giving someone a pre-approval letter when they have no money now, don’t even have a COE handy or can’t buy for 6+ more months?

The even worse part is that this client WENT UNDER CONTRACT on a house and had to cancel. The client doesn’t know how loans work, they just know they were pre-approved and went to buy a house. Yes, the agents could have stepped in and stopped this, but loans aren’t their job either.

Do you know the bad taste that this just left in the agents mouths? They likely will think this is how all VA transactions go and will likely talk their sellers out of accepting one in the future.
VU did a disservice to this veteran.
VU did a disservice to the sellers and agents.
VU did a disservice to the VA loan’s reputation.
It is SO important to work with someone who actually knows what they are doing. Someone who is very thorough and checks every aspect before putting their reputation on the line with a pre-approval letter. Someone who closes multiple VA loans every single month and knows the guidelines like the back of their hand. All of these things as so important to uphold the integrity of the best damn loan there is.

Thanks for reading my rant, this is the stuff that pi**es me off though and I need to spread the word to protect someone else from getting burned.

Please, use a local expert. You will not get into a situation like this and will likely save money as VU rips people off.

My team does many VA loans every single month and will ensure you get the best experience and the best deal possible. We are licensed in 48 states so no matter where you are or where you are heading, we can give you world-class service there.
I’m only a phone call away to be a resource for you or your clients.

Imagine turning a small investment into a portfolio of properties that generate consistent cash flow and appreciate in v...
08/13/2024

Imagine turning a small investment into a portfolio of properties that generate consistent cash flow and appreciate in value over time. The right strategy can transform your financial future, but which one is best for you?

Let's take a look at Sarah's journey which started with a modest budget and a desire to build wealth through real estate. She was new to the game, so she began with the BRRR method. Her first property, a distressed duplex, was purchased below market value, renovated, and rented out within six months. With the property’s increased value, she was able to refinance, pulling out enough capital to purchase her next investment. Over the next two years, Sarah expanded into Fix & Flip projects, turning over three properties with significant profits. To further optimize her returns, she also embraced House Hacking by living in one unit of a triplex while renting out the other two, effectively covering her mortgage. Today, Sarah's portfolio is generating a steady cash flow, and she’s well on her way to financial freedom.

BRRR (Buy, Rehab, Rent, Refinance, Repeat): Properties bought and renovated under the BRRR strategy can generate up to a 15% ROI in their first year alone, due to forced appreciation and leveraging refinancing options to acquire more properties.

Fix & Flip: According to ATTOM Data Solutions, the average gross profit on a house flip in 2023 was $67,900. This strategy offers quick returns, often within 6 months, making it attractive for those looking for faster profits.

House Hacking: By living in one part of a multi-family property and renting out the other units, investors can reduce their living expenses by up to 75%, according to BiggerPockets. This strategy is particularly effective for first-time investors looking to build equity while minimizing their out-of-pocket costs.

Ready to explore which real estate strategy suits your financial goals? Let’s connect and create a personalized investment plan that will put you on the path to success. Your next investment could be the start of something big!

08/09/2024

Upcoming Change regarding VA Loans
Effective August 10, 2024

The buyers broker representation agreement will need to be included with the purchase agreement. The VA considers this part of the sales contract now when requesting an appraisal.

08/05/2024

Today, roughly 2 million more families will be eligible to purchase a home because of the significant drop in interest rates.🏡🥳

What does this mean?

📞 Did you recently go under contract in the last 2 weeks? Give me a call today, I can give you a FREE complimentary RATE QUOTE to see if you can do better. Just had a co-worker help a veteran who was originally with Veteran United at 6.99% switch to us at a 5.75%. That's a HUGE savings. This veteran will save hundreds of dollars every month for the next 30 years because he called. 💰✨

✔️ Already a pre-approved buyer! Congratulations 🎉 your buying power just increased or your monthly estimated payment just went down. ⬇️

🏃🏽‍♀️‍➡️🏃🏻‍♀️‍➡️🏃🏼‍➡️🏃🏾‍♂️‍➡️ More buyers entering the market.

🏠🏡🏘️ Mortgage payments become a little bit more affordable, but demand of housing will cause prices to increase.

Interest rates are slowly declining ⬇️, but we still have a housing shortage. Not enough inventory 🟰 market becomes competitive.

If you don’t have the financial 💲💰💵 capacity to cover your down payment ➕ closing costs, need to put as little down, or can’t bid over asking price then this market is still designed for you. This window🪟 of opportunity may be closing. Right now, buyers still have negotiating leverage.

With these savings, you are worth it! 🤓

Interested to see if you're ready for homeownership or want to prepare for it ☎️214-604-5245.

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Dallas, TX

Telephone

+12146045245

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