Modern Homebuyers Guide – A Realtors Playbook for a Digital Presentation.

Dear Potential Homebuyer,The world of real estate and home financing is ever-evolving, often presenting complexities that can be overwhelming. With the recent shift towards commission disclosure transparency, we recognize the importance of keeping you well-informed and equipped. This transition aims to enlighten homebuyers on the intricacies of home-buying finance structures, ensuring openness and knowledge at every step.Our team has galvanized its collective expertise to aid you through these shifts. We are delighted to introduce FOUR strategic approaches, meticulously crafted to optimize your home buying journey, making it as straightforward, transparent, and advantageous as possible.⚡️ DIGITAL OFFER ⚡️The future of home buying is digital. Beyond mere convenience, this transformation promises a custom-tailored, transparent experience. Shed the traditional constraints of prolonged wait times and cumbersome paperwork. Our innovative digital offers allow you to access instantaneous approval letters, bespoke video messages, and precise financial breakdowns. And, with authentic property visuals incorporated, every detail you require is readily accessible.Example ➡️ Digital Offer Presentation⚡️ APPRAISAL GAP ⚡️Discrepancies between appraisals and sale prices can be a cause for concern. Fear not; our appraisal gap strategy is meticulously designed to maintain consistent rates and payments, eliminating unforeseen financial hitches. We're resolute in keeping your home-buying trajectory predictable and stress-free.Example ➡️ Appraisal Gap Details⚡️ BUYER REPRESENTATION AGREEMENT FEE GAP ⚡️We've got you covered in instances where specific buyers agents fees might be overlooked. Our Buyer Representative Agreement Fee Gap approach ensures transactional fluidity. We're adept at structuring your financing to encompass all costs, providing a hiccup-free journey.Example ➡️ Commission Gap Strategy⚡️ AFFORDABILITY SOLUTIONS ⚡️Affordability remains at the heart of homeownership. Our commitment is to devise financing strategies that expand your horizons. Whether obtaining an attractive rate or leveraging a specialized loan product, our focus remains steadfast: to render home buying accessible and affordable.Example ➡️ Affordability SolutionsAs the real estate panorama evolves, it's crucial to have seasoned experts by your side. In partnership, we pledge to deliver unmatched guidance and value, ensuring your home-buying journey is seamless, transparent, and fulfilling.At You're Service,Walt Schulz

Navigating the Resumption of Student Loan Payments: A Guide for Homeowners

Pros and Cons about Refinancing Your Student Loan Debt

You might be considering refinancing your mortgage to pay off your student loans. While it can sound like a smart move, it's essential to understand the pros and cons of this decision. If you choose to refinance and cash out to pay down your student loans, remember that the money must go directly to the loan servicer when closing. Also, the loans must be under your name. Consider the repayment period. Most student loans are set up to be paid off over 10 or 20 years. But if you include this debt in your mortgage, you could be looking at a 30-year repayment period. That's a significant extension. Also, remember that federal student loans come with some valuable protections. You could qualify for $0 payments or payment forbearances if you run into financial difficulties. There's even the possibility of loan forgiveness or discharge if you become disabled. If you refinance your mortgage to pay off these loans, you'll lose all these benefits. Before making a decision, weigh the pros and cons carefully. For more details, check out the video above. It's essential to make the best choice for your situation.

How to Purchase a Home with High Levels of Student Loan Debt

If you're carrying a heavy load of student debt, you might think buying your home is out of reach. But that's not necessarily the case. I'd like to share some good news on how you can still purchase a home despite high student loan debt. Firstly, remember that the size of your student debt doesn't necessarily damage your credit score. Credit cards impact your credit score more than your student loans, especially if you're keeping up with your student loan payments. Being on the right repayment plan for your student loans helps when it comes to your Debt-to-Income (DTI) ratio. This ratio can influence your ability to get a mortgage. Plus, being on the right plan can also free up some of your income, which can help you save for a down payment on a house. Speaking of down payments, did you know they can be as low as 4 - 4.5%? That includes closing costs, moving expenses, and other costs associated with buying a home. So, even with a large amount of student debt, keep pursuing your dream of owning a home. For more information on this, make sure to watch the video above. Remember, carrying student debt doesn't mean you can't start building equity in a home now.

New FHA Guidelines Make it Easier to Qualify For a Mortgage

If you're looking to buy your first home, I have some good news. The FHA (Federal Housing Administration) recently updated its rules, which could make it easier for you to qualify for a mortgage. Before, when you applied for an FHA mortgage, they used to consider 1% of your total student loan debt when calculating your Debt-to-Income ratio (DTI). This is important because your DTI can influence your approval for a mortgage. But, starting from June 19th, things have changed. Now, the FHA considers your monthly student loan payment amount instead of 1% of the total debt. This could significantly improve your chances of getting a mortgage. What if your monthly student loan payment is $0, or your loans are in forbearance/default? The FHA uses .5% of your total student loan debt when calculating your DTI. The new FHA guidelines can benefit you in two ways: it makes it easier to qualify for a mortgage, and FHA loans allow for lower credit scores and down payment amounts. For a more detailed explanation, check out the video above. This is an excellent opportunity for first-time homebuyers like you. So, make sure to take advantage of this!

Affordability Calculator: Find Out How Much You Could Potential Save?

Are You Ready To Increase Purchasing Power by Lowering Your Student Loan Payments? ⬆️ Use this calculator to estimate how much more you can qualify for on your next home loan by reducing student loan payments. ⚡️ Need results fast? ⚡️ We specialize in helping borrowers that are looking for a mortgage now. Typical processing times are 30 days or less. Let’s get started!

What Should I do? Enter Into a Student Loan Repayment Plan or Should I Refinance?

You might be considering buying a home soon and wondering how to handle your student loans. Should you consider an income-driven repayment plan or think about refinancing? Let's break it down in an easy-to-understand way: ⚡️Refinancing: This option can give you a lower interest rate, which sounds great. But be careful. By refinancing, you give up certain protections provided by the federal government. For instance, your family won't be responsible for your loans if something happens to you. But with a refinanced loan, this isn't guaranteed. Also, if the government introduces new loan forgiveness programs in the future, you might miss out if you've refinanced. ⚡️Income-Driven Repayment Plans (IDR) can help lower your monthly payment. They are based on your income and can be temporary or permanent. The downside is you have to file paperwork every year. Also, interest might pile up if your payments are meager, which can increase the total amount you owe over time. Now, let's look at some pros and cons of each: ⚡️Lower Your Monthly Payment: IDR can reduce your payment based on income. Refinancing can also lower your price, but there's no going back once you refinance. ⚡️Pay Your Debt Gradually: IDR lets you spread your payments over a more extended period. If you manage your paperwork correctly, you might qualify for loan forgiveness. If not, you could end up paying more in interest. ⚡️Pay Off Your Loans as soon as possible: Refinancing might be a good choice if you're making a lot of money and want to clear your student loans in less than five years. You could get a lower interest rate and even make extra payments. But remember, your credit score is essential to qualify for refinancing. There are some drawbacks too: ⚡️Refinancing: You lose access to federal protections and might leave your co-signer or family with your debt if something happens to you. Income-Driven Plan: You have to file paperwork every year. If you file late, your interest can increase. You might also owe taxes on any loans that are forgiven. To help you decide which is the best option for you, check out LoanSense tools. They can help you calculate your savings and understand the impact of each choice. Remember, it's always important to consider both the benefits and drawbacks of each option. If you need more clarification, it might be best to hold off on refinancing since you can't reverse that decision.

Should You Pay Faster or Pay Less?

As you're preparing to buy a home and figuring out your financial plans, you might wonder, "Should I pay off my student loans faster, or should I pay less each month?" Good question! Let's dig into this. Conventional wisdom often tells us to pay off loans quickly, but that's only sometimes the best choice for everyone. Are there times when it's better to pay less? Absolutely! Here are a couple of essential factors to think about when deciding if you should pay less or pay more quickly: ⚡️Your employer: If you work for a public services organization like a school, university, nonprofit hospital, city, state, or county government, or any other kind of charitable nonprofit, then you could be eligible for Public Service Loan Forgiveness (PSLF). This means you can pay less based on your employment rather than your income. ⚡️Your income: If you earn less than 1.5 times your total student loan debt each year, you might also be an excellent candidate to pay less. For example, this could be if you earn $30,000 a year and owe $45,000 in student loans or if you earn $200,000 and owe $350,000. Even if you work in the private sector, you can still qualify for an income-driven repayment plan based on your debt-to-income ratio. But remember, private-sector loan forgiveness programs are less generous than public-sector ones. You might be making payments for a more extended period and face a "tax bomb" or taxation on the amount forgiven. If you work in the public sector, your student loan debt can be forgiven after 120 on-time qualifying payments, and it's not taxed. Plus, you don't have to make those payments consecutively. So if you leave the public sector and then return, you can pick up where you left off. ⚡️Some critical things for you to think about: Could you keep track of your qualifying payments? You can do this by looking at your student loan data file, or LoanSense can tell you this on your "My Loans" dashboard. Know when you need to file your annual paperwork. This is called your "IDR Anniversary date." Could you make sure to file ahead of this date each year to avoid an increase in your payment? Understand which paperwork you need to file each year. If you're trying to qualify for PSLF, you must file two annual forms - your employer verification form and your IDR renewal paperwork. Know which plan will save you the most money - REPAYE, PAYE, IBR, or ICR. If you're married, determine how filing your taxes will impact student loan payments. Can you file separately and save more money? Paying faster is the right choice if you're in the private sector, have a stable income, and owe less in student loans than you earn in a year. For instance, paying off your loans quickly is a good strategy0,000 a year, and you owe $80,000 in student loans, primarily if you work in the private sector, you earn $10. ⚡️Some questions for you to consider: Can you make larger monthly payments to pay off your loans faster? If you want to pay your loan off quicker, have a stable job, and are close to cutting your payoff timeline to 5 years, have you considered refinancing your loan? Remember, understanding your options is the key to making the best financial decisions. If you have any other questions, feel free to let me know.

Why Does Interest Keep Growing On Your Student Loans

Are you wondering why the interest on your student loans seems to keep growing even though you're making payments? It can be confusing, but don't worry; I'm here to help you understand how interest is calculated on student loans and what happens when it capitalizes. This is especially important if you're planning to buy a home soon. By the way, I've also explained this in the video above, so feel free to check that out too! ⬆️ ⚡️Let's break it down: Income-Driven Repayment Plans (IDR): When you sign up for an IDR plan, your monthly payments are adjusted to be more affordable based on your income. However, there's a catch. Sometimes, the new monthly payment might be so low that it only covers some of the interest that's adding up each month. ⚡️Different IDR Plans: PAYE, REPAYE, and IBR are other IDR plans. They all have rules for handling interest building up, but they all provide some form of interest subsidy. This means the government might help you pay some of the claims. ⚡️Interest Capitalization: This is a fancy term for what happens when the interest that has added up gets added to your total loan balance. This can happen if you fail to re-certify for your IDR plan. When this happens, your loan balance increases and future interest is calculated on this new, higher balance. That's why it's essential to re-certify your IDR plan on time! Understanding how interest works on your student loans can help you make better decisions and pay off your loans faster. If you have any questions, feel free to let me know. I'm here to help you make sense of it all!

FSBO tips tricks. Discussion on low ball offers and suggestions in you want to lower the price.

We have an affordability issue in America today. Higher interest rates will impact buyers' qualifications. Due to higher rates sellers are beginning the "price drops " trend, which sellers use to help attract affordable housing for buyers. But most sellers don't know or can show the actual numbers on how that impacts buyers. This inability to show the numbers and knowledge of how dropping the rates has a more significant impact on a buyer's payment than lowering a sales price could ever have. On the right hand side you will see: Price Drop vs. Rate Drop - Did you know that instead of Dropping the Purchase Price, you can offer to pay the buyers Rate Buydown. In this illustration I show that instead of lowering the Purchase Price by $15,000 you offer to pay $15,000 towards a Rate Buydown for the buyer. This lowers the payment by $380 a month, instead of $99 that the price reduction caused. You can use this in Marketing as well. It helps those looking as low as $392,000 to purchase a house for $450,000. Bringing many more buyers your way. Low Ball Offer - Did you know that a $20,000 Price Reduction on a $450,000 purchase price has the same benefit of the seller paying $4,000 to buy the interest rate down for the buyer? Instead of taking a lower offer or if the appraisal comes in low, this is a great way to hit the payment a buyer is looking for. Benefiting both the buyer (payment) and the (seller) netting the most from their sale. Marketing Your Property - As you’ve seen from our illustrations, we can create a customized website for you just like the one you are looking at now. We can include video, photos, and customized financing sheets for any potential buyer. You then can use them in your marketing campaigns anywhere you post your listing. Shoot us an email at or call us at 971-304-3151 to discuss your listing and how we can help you.


Unlocking Greater Affordability: The Power of the Seller Buydown Strategy to Lower Rates and Boost Borrower Qualification thus selling your listing faster for more! Discover how this game-changing tactic can help your buyers access over $66,000 in additional purchasing power in today's challenging market.

Weekly Market Update for April 17th 2023.

Keeping you in the loop of all the current market conditions, news, rates etc...


Keeping you in the loop of all the current market conditions, news, rates etc...


"I have worked with a good number of lenders personally and professionally over the years, and our experience with Walt and his team was by far the best experience I have had. For the refinance of our home mortgage, I had obtained quotes from other lender relationships, but no one could commit to closing any faster than 45 days. And, no one beat Waterstone Mortgage's fees and rates. Walt committed to closing within 30 days, and his team delivered: Walt spent the time needed to understand our needs and recommend loan options to meet those needs (and the options exceeded our expectations); Mayra pleasantly and efficiently walked us through the application process; and Ann worked closely with us to expeditiously move through underwriting to closing. All in roughly 3.5 weeks. They communicated with my wife and me effectively throughout the process so that there were no surprises. In addition to our genuine appreciation for the speed and results of their services through closing, we are also grateful that we can continue to turn to them as our primary contact over the life of the loan. We could not have asked for a better experience and would recommend Walt and his team at Waterstone without hesitation."

brian moore

"We used Walt and his team when we purchased our new home in Salem. We had a short close, but it was no problem for them. They were very responsive and were available when we called. We were very impressed with their professionalism and we appreciated Walt meeting with us for the Discovery Consultation. This was a great opportunity to ask questions and learn more about the process. We highly recommend Walt and his team!"


"Walt and his team are an actual delight to work with! At the beginning of my process I was disappointed with a lender, switched to Walt and holy smokes he exceeded my expectations right off the bat! He brought me to the office and laid out everything that was going to happen and multiple options to go about it. Everything was step by step, as a first time homebuyer your have many questions and he is well aware of that. He closed my house in 30 days and got me great rates! He responded in a timely manner to every question I had and I couldnt of been luckier to have such a informative, supportive and professional team to help me through this crazy process. I have to give a huge thank you to Walt and Lenda from the very bottom of my heart!"

katie braff