Brent Honshell - NMLS #799737 - Steadfast Mortgage

01/13/2024

12/11/2023

Received a pretty cool email over the weekend - I was named to President’s Club with Barrett Financial Group!

Our company has roughly 1200 top quality Loan Originators nationwide. President’s Club honors the Top 30 overall. What an incredible honor!

The current RE market has seen massive shifts in interest rate pricing & home value, an influx of brand new lenders/ originators, builders and realtors, and a shortage of available homes on market.

Still, I have always believed that untouchable quality of service and pricing combined with hard work wins out. I’m thankful to my amazing network of realtor partners and their clients, and I look forward to what the new year brings!

11/16/2023

REAL TALK - Not every loan that I close is smooth and easy; sometimes we run into issues and have to adapt on the fly.

One amazing advantage that I have as a mortgage broker is dozens of QUALITY lender partners to work with.

This particular loan application started off smooth... and then hit a serious speed bump. Instead of having to tell my borrower we could not close her loan, we pivoted!

After transferring the appraisal and the full application, we were Cleared to Close with a different lender partner of mine in under a week. Pretty incredible salvage!

Interested to hear more about what makes my approach to mortgage lending unique for my clients and realtor partners? Reach out anytime - I'm here for you!

10/09/2023

Sometimes you need a lender partner that can flip a file around incredibly fast!

Thankful to have a broad range of loan options for my clients.

09/05/2023

Still as grateful / thankful today as I was nearly a year ago, when I revamped my business and joined the Steadfast team.

Here’s to continued success & growth for our broker team! 🙌🏻

I saw a jaw-dropping stat today. In 2021, there were 179,428 licensed loan officers in the country. At the end of quarter 2 this year, that number had plummeted to 99,924. By the end of 2023, this number is predicted to fall below 80,000.

With rising rates and low inventory, loan officers across the country have been throwing in the towel for more than two years now.

And yet, in the past 12 months, the Steadfast Mortgage Team has tripled in size, going from three licensed loan officers to nine, with a tenth coming onboard within the next few weeks.

Why?

Because brokers are better, that's why.

Brokers on the Steadfast Mortgage Team are able to guarantee you a competitive rate in this market.

Brokers on the Steadfast Mortgage Team are able to shop around and find niche loan programs that don't even exist at retail banks.

Brokers on the Steadfast Mortgage Team get compensated fairly worth without gouging their clients.

You may never see the Steadfast Mortgage Team on the side of your favorite sports team, or in TV ads during prime time, but we pass those savings onto our clients as we push forward in this tough market.

05/10/2023

This announcement here is great news for realtors, buyers, and mortgage lenders!

There’s been a LOT of news recently about LLPA’s - most of the info being shared has been a bit skewed or even completely inaccurate.

Here’s a quick breakdown for you:

1. The May 1st implementation of some pricing adjustments to different brackets is still in effect. However, this is minor, and has been built into pricing for months now. No, your 800 credit score buyers are not paying more for a loan than a sub-700 score buyer! 😅

2. The DTI (debt to income) LLPA that was rescinded today had initially been pushed back to August 1st after receiving harsh criticism. Well, thankfully they’ve listened to that criticism and done away with the proposed adjustments indefinitely.

3. This is significant for all potential buyers with 40% + DTI. It would’ve severely impacted their interest rate pricing; much more than the LLPA’s that have been making news recently.

I hope this is helpful info for you. Have any questions or follow up thoughts?!

Feel free to reach out anytime! 👊🏼

The FHFA on Wednesday announced that it would rescind a controversial upfront fee for conventional borrowers with DTI levels at or above 40%.

04/20/2023

I’m sure you, or one of your clients, has seen this recent headline that’s making waves.

Admittedly, It’s a pretty compelling, click-bait headline! 😅

Politics aside, I wanted to take a quick moment to unpack this, to help educate you, and help you educate your clients!

1. This was first announced several months ago. Most lenders have already adjusted, or have slowly been adjusting, their pricing to meet the May 1 deadline.

2. The policy is not really about subsidizing the cost of lower credit consumers. It’s about subsidizing the risk to GSE’s (Fannie Mae / Freddie Mac)

3. By allowing for more risk in the lower down payment loan pools, they are able to securitize more loans as a whole (especially since average down payment is now closer to 10%).

4. Still, opinions on the policy aside, you want to be working with a mortgage partner that is aware of the changes and looks out for your client’s best interest! It’s not as simple as it used to be to just plug a buyer into one set cookie-cutter program. Your lender partner should be comparing multiple options to ensure your clients are making the best financial decision they can.

Have any thoughts or questions on this? Disagree with something I might’ve said here?

Let me know about it! I am here for you! 👊🏼

03/08/2023

🫣WOW! This is pretty incredible data 🫣

Borrowers (especially Minority & Low Income) save THOUSANDS of dollars by using Wholesale / Broker lenders compared to Retail lenders.

How do they see these savings? With lower lender fees & lower interest rates.

I became a Broker because I wanted my realtor partners & their clients to have the absolute BEST products and pricing at their disposal.

That, combined with a white glove service from contract to close from me and my team, makes for a truly unbeatable combination. 👊🏼

03/02/2023

Looking forward to this client event in a couple of weeks! Always love to partner with The Aubree Lewis Group at Keller Williams Drive 🤝

Get ready to test your knowledge with our ✨Trivia Night!✨

Join us at on March 22nd with your friends and family!

Sending a big thank you to our sponsor, Brent Honshell - NMLS #799737 - Steadfast Mortgage!!

📩 [email protected]
👨‍💻www.theaubreelewisgroup.com

02/27/2023

There's still 2 weeks left to get a FREE $100 Amex card from me.

So far, I haven't given away a single gift card, BUT I did save a new borrower over $5000 on their Loan Estimate, when they switched from their previous lender to me. I think they were happy with their decision! 😅

Sometimes you just have to put your money where your mouth is!

Here's your chance at a lower interest rate on your home purchase or refinance....OR, a $100 AMEX Card, on me!

02/14/2023

This right here shows what is possible when each individual on your team is fully bought in.

When you combine unbeatable rates with impeccable service, everyone wins!