Getting a VA Mortgage Loan in Lackland AFB Air Force Base, San Antonio

Transcript

Hello, everybody that serves at Lackland Air Force Base. We wanna welcome you from Texas Home Loans and we wanna thank you for your service. We operate a bit differently when it comes to VA loans. There is a dirty, open secret in American finance, which is VA loans should be much lower in rate than a conventional loan, for example.

If you make the same amount of profit, it should be about three quarters of a point to a point lower. Today I’m at 6% On my conventional loan, I’m at 5.125%. This is both without points on my VA loan. So those are both for seven 20 FICO scores. So my rate much lower. And what you’ve found, if you’ve gotten a loan before, Is that the banks don’t give you much lower than conventional.

What they do is they move up the profit margins by moving that rate up and they make 2, 3, 4, and five times more on VA loans. At Texas Home Loans, we feel that your service, which pays for that insurance, which pays for a lower rate, should not go to some salesman or some bank. That pricing set by the owner I’m the owner of this company and I don’t believe in taking that.

Lower rate that was you earned by your service that was paid for by your service, paid for by the DA and stealing it. It’s theft. If somebody makes a higher profit margin on you compared to a conventional loan, that’s a not only immoral, it’s, it’s stealing and it’s wrong and it’s very unpatriotic. I don’t know how, how these people advertise themselves.

As a patriotic lender, but then they’re gouging my, my veterans. And when you’re paying I mean, most lenders right now are six and a quarter, 6.3. I’m at 5.1 and I’m still making plenty of money. That payment difference is over a hundred thousand dollars for a 400,000 loan. That a hundred thousand dollars sometimes is the only.

Pension or, or retirement people might have. So their savings is stolen by a predatory pricing model. And at Texas Home Loans, we pro we want to protect you at Lackland Air Force Base. We wanna protect your service. We wanna reward your service. Other lenders make it easy for us. We’re just charging the same, and as a result, we look so much better because of what they’re doing.

This is an open secret. I talk about it in my other videos. You can Google overcharging veterans. This has practice has gone on. It started when there was a lot more work involved with the VA loans whether that was justified or not. That’s still love for contention right now. Not justified at all.

Cause there’s no more extra work. It’s all computerized. You get all the COEs electronically from eBenefits. Everything else. These things all go smoothly now. There’s probably any more work. And actually with my veterans, because they’re so good at processing paperwork, cuz they’re just used to bureaucratic nightmares, it’s actually easier, it’s easier to do a VA loan than is do a conventional loan because my veterans are so good.

So that being said you serve at a, you serve in the Air Force, you serve at Lackland. Getting a good rate on your loan without having to g talk to somebody five times without having to ask them, is this your best rate? And they say yes. And then, then there’s a new best rate, new best rate. Only one of those can be your best rate.

So they’re being dishonest and they’re doing the used car treatment. Treating a, a veteran like that, disrespectful, immoral. And we view it as theft and we don’t steal from, from veterans. We wanna reward you and we wanna thank you for your service and there’s no way to thank you more than say to you more than a hundred thousand dollars on your purchase on your mortgage.

We’ve got a long list of, of referrals, a lot of retired people, a lot of active duty people that have gotten finances through Texas Home Loans and they all appreciate our business and we’d like to add you to it. Also, if you see my eight 10 in the background my buddy used to fly the eight 10.

And so I thought that was a great background. I thought what, what airplane is beloved by all and or any military unit. And an A 10 seems to be the hands down favorite. Everybody seems to love the the ugly utility of the, of the A 10. So anyway, Lackland, we appreciate your business.

We appreciate that you, your service for the Air Force. Give us a call and we can help you with your financing. We’ll give you direct quotes, lows, quote, the first call. And we don’t need to pull your credit as long as you know your FCO scores and what your eligibility is, we can tell you what our rates are.

We, that’s another thing that most lenders do, is they want to hate your credit. So you can’t shop around. We don’t do that. That’s a way to control the customers, and that is not the way to earn trust. If we’re gonna earn your trust, we’re gonna work with you, not against you. The way traditional financing has worked, which is the used car treatment, overcharging veterans by increasing the margins.

Giving you shady pricing tactics. Well, let me check. Or have you checked with other, they’ll, before they give you a quote, they’ll say, have you checked with other lenders? That’s just them trying to see how much they can gouge you. You say, no, no, I don’t check with anybody. Well, they’re gonna go sky eye their profits.

Oh yeah. Check the 10 lenders. They’re gonna go pretty much lower. It shouldn’t be like that. And these people need to be checked and you vote with your wallet. So if you don’t choose me as a lender, choose somebody who has a flat pricing model who doesn’t overcharge veterans and will give you a straight shot in the first round.

Cuz those are the people that don’t have the sky high margins. And they use those big margins that get big profits. And when those big profits, they do big marketing campaigns and they’re all over the place. They claim to be helping the veteran, but really only people that are making wealthy are themselves and the advertisers, because you’re paying, you’re paying them.

And into the tune of more than a hundred thousand dollars over life for the loan, you pay a point more or three quarters of point more, and a 400,000 loan. So we wanna help you avoid that pitfall and we want to help you. If you’re transferring to Lackland or you’re transferring out and you need help, if you need financing anywhere in the state of Texas, we can do a VA loan.

Looking forward to hear from you and thank you for your service.