Use By-Downs To Help Buyers With Their Home Lending Rate! • Learning With A Lender • Joel Schaub

Welcome to the June episode of Learn with a Lender with Joel Schaub of Guaranteed Rate! In this episode Joel discusses the current situation in the real estate business. Joel and DJ discuss the strength of the correct pre-approval letter. Joel explains the buy-outs and 2-1 rate by-down and discusses how do sellers explore by-downs. Last Joel talks about interest-deductions for first-time home buyers and how to explain it in real simple terms and mortgage insurance rates. If you’d prefer to watch this interview, click here to view on YouTube! Joel can be reached at [email protected] and 773.654.2049. This episode is brought to you by Real Geeks. Transcript D.J. Paris 0:00There's a secret strategy known by top Realtors on how to get their buyers lending rates down. Right now we're going to learn about how to do that today. Stay tuned. This episode of Keeping it real is brought to you by real geeks. How many homes are you going to sell this year? Do you have the right tools? Is your website turning soft leads and interested buyers? Are you spending money on leads that aren't converting? Well real geeks is your solution. Find out why agents across the country choose real geeks as their technology partner. Real geeks was created by an agent for agents. They pride themselves on delivering a sales and marketing solution so that you can easily generate more business. There agent websites are fast and built for lead conversion with a smooth search experience for your visitors. Real geeks also includes an easy to use agent CRM. So once a lead signs up on your website, you can track their interest and have great follow up conversations. Real geeks is loaded with a ton of marketing tools to nurture your leads and increase brand awareness visit real geeks.com forward slash keeping it real pod and find out why Realtors come to real geeks to generate more business again, visit real geeks.com forward slash keeping it real pod. And now on to our show. Welcome to another episode of Keeping it real the largest podcast made by real estate agents and for real estate agents. My name is DJ Parris. I'm your guide and host through the show. And today once again, is our monthly series called Learn with a lender with Joel shop from guaranteed rate. Now, Joel is the vice president of lending at guaranteed rate, and he's been doing loans at a high level since 2003. He got to that level because of what he does specifically for agents, which is that he gives back part of his commission to the buyer on every transaction. Now last year alone, Joel gave back over $300,000 in closing costs to buyers who worked with him. And that puts Joe's volume in the top 1/10 of 1% of all loan officers nationwide. In fact, out of 400,000 lenders in the country. Joel is currently ranked number one 137 last year. Oh, you know, I deleted Joel's numbers from last year by mistake, but he did an incredible amount of production last year. But this year, he closed has closed already 137 transactions for just shy of just under $60 million in loans. If you're ever looking for a loan officer,