Welcome back to America’s #1 Daily Podcast, featuring America’s #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? Visit: https://whylibertas.com/harris or text Tim directly at 512-758-0206.
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2025’s Real Estate Rollercoaster: Dodge the Career-Killers with THIS Mastermind! ????
Is 2025 hitting your real estate hustle like a rogue wrecking ball? You’re not imagining it—this market’s a BEAST! ???? Leads are playing hard-to-get, competition’s got claws, and clients are side-eyeing every move. For too many agents, the vibe’s less “top producer” and more “where’d my mojo go?”
But hold up—there’s a way to flip the script before its too late! ????
Join real estate rockstars Tim & Julie Harris for their Exclusive Mastermind Webinar—a no-BS, action-packed session where they’re sharing the secrets on how top agents are CRUSHING the 3 deadliest problems tanking careers in 2025:
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???? Real Estate Systems That Stick: Get simple, repeatable playbooks to take back control and keep your pipeline POPPIN’.
???? Branding That Magnetizes: Learn how to make sellers swoon and pick YOU over the competition.
“Tim & Julie’s playbook TRIPLED my listings. Game-changer!” – Mike R., Top Agent ????
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Part 2
Now to the wallet and the worksheet: costs at the closing table, how loans are structured, and how families are qualifying together.
4️⃣ ???? Lowering Closing Costs—PMI, Title, Credit, “Junk Fees” (with Real Math)
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Closing costs often average $6,000+ and rose 36% between 2021–2023.
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The Trump administration has signaled interest in trimming “junk fees.”
HUGE Announcement: You will love this! Looking for the full outline from today’s presentation? Our DAILY Newsletter featured lead generation systems, real estate scripts, daily success plans and (YES) the notes or today’s show. Best part? The newsletter is free! https://harrisrealestatedaily.com/
PMI example
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PMI = 1.85% of loan amount annually.
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On a $500,000 loan, PMI = $9,250/year (~$771/month).
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P&I at 6.50% ≈ ~$3,160/mo → with PMI ≈ ~$3,931/mo.
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Eliminating PMI = savings of ~$771/month until 20% equity.
Other fees under scrutiny
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Appraisal, underwriting, credit reports, title add-ons, courier/doc prep.
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CFPB has flagged these as unnecessary or inflated.
5️⃣ ???? Mortgage Product Design Levers—40-Year Terms, ARMs, and Piggybacks
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40-Year Mortgages: FHA already uses 40-year mods for distressed borrowers; some non-QM lenders offer 40-year fixed/IO today.
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ARMs: ~8–10% of new apps; modern ARMs (5/6, 7/6, 10/6) are fully underwritten with caps.
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Analyst view: “Today’s ARMs are not inherently riskier when structured properly.”
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80/10/10 Piggybacks: Widely offered now to avoid PMI and jumbo caps.
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6️⃣ ???????????????? Mortgages for Multigenerational Households
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Fannie Mae HomeReady®: Allows income from household members not on the loan to help qualify.
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Freddie Mac Home Possible®: Considers non-borrower household income as a compensating factor.
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FHA Loans: Permit non-occupying co-borrowers (e.g., parents helping children).
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VA Loans: Allow extended family co-residency if one borrower is eligible and occupies.
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Portfolio/Jumbo: “Multigenerational” products with flexible DTI/occupancy.
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ADU income: Fannie/Freddie allow rental income from ADUs to count toward qualifying.
Why it matters
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Pew Research: 18% of Americans now live in multigenerational households.
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With affordability stretched, pooling resources is often the only path—and lenders are adjusting to today’s reality.
Ready to become an EXPIRED Listing Agent? As promised, here is the discount link for the EXPIRED LISTING LEADS: REDX
7️⃣ ???? “Rate Transfer” & Assumption Concepts—Unlocking the Lock-In Effect
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Millions are “locked in” by sub-4% rates. Options under review:
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Porting: Seller carries old rate to new home.
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Assumable conventional loans: Buyer takes over seller’s balance and rate.
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Blended structure: Assume part of seller’s loan and add a new second for the rest.
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Agency support: GSEs create standardized assumption/porting programs.
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(Barron’s: complex, but “not impossible” if agencies and investors align.)
That wraps Part 2. In Part 3: construction-cost levers, mortgage spreads, and the future of Fannie/Freddie (8️⃣–????).
