Mortgage Wise with Mike Wise

On this episode of Mortgage Wise with Mike Wise, Mike sits down with Sean Kirksey, Vice President of Reverse Mortgage at CMG, to break down everything you need to know about reverse mortgages.  They explain who reverse mortgages are really for (hint: not just “desperate” borrowers), how seniors can eliminate their monthly mortgage payment, and how to safely tap home equity for retirement income, healthcare costs, and even to buy a new home with no required mortgage payment.  Sean also walks through powerful strategies using reverse mortgage lines of credit, how they grow over time, and why they can be a key piece of a modern retirement plan alongside Social Security and investments. If you or a family member is 55–62+ and sitting on a lot of home equity, this episode will give you a clear, jargon-free understanding of your options.  What you’ll learn in this episode:  – What a reverse mortgage actually is and how it works for seniors who want to stop making mortgage payments  – How homeowners can qualify even when they’re mostly on Social Security  – Using a reverse mortgage to supplement retirement income and cover rising healthcare costs  – Why reverse mortgages are non-recourse and what that means for your heirs  – How reverse mortgage lines of credit grow over time and can be used strategically with your investment portfolio  – Real-life examples of eliminating a mortgage payment and improving monthly cash flow  – How to buy your next home (even move states) using a reverse mortgage for purchase  – What really happens to the house when the homeowner passes away  1:02 – What is a reverse mortgage and who is it designed for?  2:13 – Turning home equity into liquid funds without giving up ownership  3:10 – Structuring reverse mortgages for supplemental retirement income  4:39 – How people on Social Security can still qualify  5:35 – Using available line-of-credit equity as qualifying income  6:44 – Reverse mortgages are not “loans of last resort” and who really qualifies  8:12 – Reverse mortgages for high net worth clients and “household names”  8:51 – Using reverse mortgages to age in place and access large amounts of cash  9:34 – Covering healthcare costs and in-home care with home equity  10:42 – Planning ahead: setting up a line of credit before you need it  11:16 – Why getting a reverse earlier can be a powerful long-term strategy  11:54 – How reverse mortgage lines of credit grow and compound over time  13:26 – Example: 100k line of credit growing year after year  14:16 – “My house is paying for me” – rethinking the American dream in retirement  14:27 – Can you get stuck owing more than your home is worth? (non-recourse explained)  15:29 – All upside, no downside: what happens if your home value crashes or soars  16:35 – Eliminating a traditional mortgage payment with a reverse  17:16 – Case study: Grandma with a 200k mortgage and 2k/month payment  18:37 – What it really means to “spend” equity vs. quality of life in retirement  20:33 – Lifestyle, dignity and financial reality for higher-earning retirees on Social Security  22:32 – Pride, stigma and why a reverse mortgage is not a handout  23:49 – Inheritance, kids, and what usually happens at the end of life  24:21 – Who pays the mortgage when Mom or Dad passes away?  28:20 – Why a reverse can actually make things easier for adult children  29:01 – The six-month (plus extensions) window heirs get to decide on the home  31:42 – What servicers expect from heirs and how the process works  32:46 – Heirs buying the home at 90 percent of appraised value  33:48 – Getting strategic with a reverse mortgage line of credit  34:39 – Freedom to use your funds however you choose  36:06 – Using a reverse line of credit as the “steady” bucket in your portfolio  36:15 – Why banks can’t just shut off a reverse line of credit in downturns  38:15 – Coordinating a reverse with your financial advisor  39:39 – Using a reverse mortgage to buy your next home  40:09 – Real example: moving from Texas to California with a reverse for purchase  43:25 – Cash buyers over 62 and a “smarter way to buy with cash”  43:59 – Turning sale equity into both a new home and extra retirement cash  45:07 – Moving from high-priced markets to lower-cost areas using reverses  45:49 – Retiring more comfortably by re-deploying home equity  46:08 – The million-dollar California homeowner moving to Texas scenario  47:16 – Recap: key ways reverse mortgages can support retirement, health and lifestyle  49:39 – Why CMG built a reverse platform focused on operations and client experience  50:50 – Real client story: improving a reverse strategy with CMG’s team input  51:19 – Why reverse is just one tool in a much bigger mortgage toolbox  51:53 – Closing thoughts and future deep-dive topics on reverse mortgages  

Tired of your money sitting lazy in your checking account while you pay thousands in mortgage interest? In this episode of Mortgage Wise, Mike Wise reveals how the All-In-One Loan can transform your boring checking account into a powerful debt-crushing tool. Discover how this revolutionary first lien home equity line of credit lets you pay down your mortgage principal automatically while keeping your money completely liquid for emergencies. Learn why over the next five years, more money will flow through your checking account than what you owe on your mortgage - and how to make every dollar work double duty. Mike breaks down real examples showing how a simple $5,000 deposit can save you hundreds in interest while maintaining full access to your funds. Perfect for financially disciplined homeowners who want to accelerate their mortgage payoff without sacrificing financial flexibility. Plus, hear about the special $250 closing cost credit for Mortgage Wise listeners!

In this episode of Mortgage Wise, Mike Wise sits down with Tristan Amada from Why Realty to discuss how AI and major tech companies are reshaping the real estate landscape. They explore strategies for local agents and lenders to compete against industry giants like Rocket Mortgage (which acquired Redfin) and Zillow by leveraging hyper-local branding and relationship-building tactics. Tristan shares his proven "Local Legends" directory system and reveals how to use AI tools like ChatGPT for daily content creation while maintaining that personal touch that big corporations can't replicate.**[0:52] The Big Tech Takeover**- How Rocket's acquisition of Redfin and Mr. Cooper is changing the game- Why the $5 trillion mortgage/residential market is the "last uncharted territory"**[3:46] The AI Advantage vs. Local Expertise**- How major companies plan to use AI for customer targeting and retention- Why local agents still have the upper hand in niche markets**[8:58] Where Your Customers Really Are**- The top 5 most visited websites (spoiler: ChatGPT is #5)- Why you need to show up on Google, YouTube, Facebook, Instagram, and ChatGPT**[13:28] The MRI Strategy**- Tristan's game-changing approach: Maintenance, Repairs, and Improvements- How to own the customer workflow throughout homeownership**[16:48] Building Your Local Legends Directory**- Step-by-step process for creating a vetted service provider network- The exact scripts and follow-up system that generates referrals**[23:14] AI as Your Daily Assistant**- How to use ChatGPT to pull trending real estate news every morning- Creating 90-second video scripts automatically for social media

Retire Sooner, Mortgage Free: A Revolutionary Loan StrategyDiscover how one strategic financial move can help you eliminate mortgage debt, retire years earlier, and reclaim your financial freedom. In this eye-opening episode, we dive into a game-changing loan strategy that could save you over $200,000 and cut your mortgage payoff time by more than 80%.Learn how the all-in-one loan can:- Accelerate your mortgage payoff- Provide daily interest calculations that work in your favor- Give you financial flexibility without lifestyle changes- Help you retire with confidence and peace of mindWhether you're approaching retirement or helping a loved one plan their financial future, this episode offers a fresh perspective on managing mortgage debt. Tune in to unlock the secrets of smarter financial planning and take control of your retirement journey.

Join us as we challenge traditional mortgage thinking with insights inspired by Coach John Wooden's wisdom. Learn how the revolutionary All-In-One Loan can transform your home financing strategy, potentially saving you hundreds of thousands in interest, providing unprecedented financial flexibility, and helping you pay off your mortgage years faster. Discover a new approach to managing your money that puts you in control, breaks free from 90-year-old lending models, and turns your home into a powerful financial engine.

Dive into the innovative world of mortgage financing with Mortgage Wise as we break down the unique structure of the All-in-One Loan. Learn how this smart financial product handles your first payment, manages interest accrual, and keeps your liquidity intact during the initial loan setup. Discover a mortgage approach that puts you in control of your money, eliminates surprises, and helps you understand exactly how your loan works from day one.

Join mortgage expert Mike Wise as he breaks down the complex world of SOFR (Secured Overnight Financing Rate) in plain English. Learn how this financial indicator directly impacts your mortgage rates, why it's more reliable than old methods, and how it can potentially lower your monthly payments when the Federal Reserve cuts rates. Discover the flexibility of all-in-one loans and gain insights into how banks set overnight lending rates. Perfect for homeowners and potential borrowers looking to understand the modern mortgage landscape.

Join Mike Wise from Mortgage Wise as he reveals the game-changing All-In-One Loan that has helped thousands of borrowers take control of their financial future. Discover how this innovative mortgage product survived economic challenges from 2005 to 2025, offering unprecedented flexibility, faster loan payoff, and potential millions in interest savings. Learn the secrets behind a mortgage that works for you, not against you, and hear a real-life success story of a couple who paid off their $1.5 million home in just 11.5 years.

Discover how the traditional 30-year mortgage is holding you back financially. Join Mike Wise as he exposes the outdated mortgage model and introduces the game-changing All-In-One Loan. Learn how this innovative financial tool can help you pay off your mortgage faster, save hundreds of thousands in interest, and align your loan with today's dynamic lifestyle. Whether you're a homeowner, potential buyer, or simply interested in personal finance, this podcast will challenge everything you thought you knew about mortgages and provide a blueprint for financial freedom.

Discover the game-changing mortgage strategy that could help you break free from the traditional 30-year loan trap. Mike Wise from Mortgage Wise reveals the All-In-One Loan, a revolutionary approach that motivates homeowners to pay off their mortgage faster, save hundreds of thousands in interest, and maintain financial flexibility. Learn how this innovative loan structure can transform your financial future, reduce your monthly payments, and help you achieve mortgage freedom in record time. If you're tired of feeling stuck in a never-ending debt cycle, this episode is your wake-up call to a smarter way of managing your home loan.

Discover the game-changing strategy that can help you break free from traditional mortgage constraints and secure life insurance for your family. Join Mike Wise as he reveals the all-in-one loan method that can slash your mortgage interest, accelerate your loan payoff, and create breathing room in your monthly budget. Learn how homeowners are finding financial flexibility, protecting their loved ones, and taking control of their financial future - all without sacrificing their current lifestyle.

Discover how the traditional 30-year mortgage is keeping you financially stuck in the past. Join us as we explore a groundbreaking alternative - the All-In-One Loan - that could potentially save you hundreds of thousands in interest and dramatically accelerate your path to financial freedom. Learn why today's borrowers need a mortgage that adapts to modern life's complex financial realities, with insights that challenge everything you thought you knew about home loans.

Discover a game-changing approach to mortgage refinancing that could slash years off your loan and put cash back in your pocket. In this eye-opening episode, learn how strategic refinancing can help you:- Secure a sub-4% effective interest rate- Potentially pay off your mortgage 15+ years early- Access $50,000 in cash-out options- Optimize your monthly cash flow- Implement a smarter borrowing strategy that goes beyond traditional mortgage thinkingThe episode breaks down a revolutionary refinancing method that challenges conventional wisdom, showing how homeowners can dramatically reduce their long-term interest payments and gain financial flexibility. Whether you're looking to consolidate debt, free up cash, or accelerate your mortgage payoff, this episode provides crucial insights into reimagining your home loan strategy.Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

Discover the game-changing all-in-one loan strategy that helped Sarah break free from traditional mortgage traps. In this episode, we dive into a revolutionary approach that combines your mortgage and checking account, allowing you to slash interest payments, pay off your home faster, and accelerate your path to financial freedom. Learn how strategic financial management can turn your mortgage from a burden into a wealth-building tool in just a decade.

Discover a revolutionary mortgage strategy that turns traditional home financing on its head. In this episode, we dive deep into the all-in-one loan - a game-changing financial product that combines your checking account and mortgage, offering unprecedented flexibility and potential interest savings. Learn how depositing your income directly into this integrated account can immediately reduce your principal balance, potentially securing rates under 5% in today's 7% market. Whether you're a first-time homebuyer or looking to optimize your current mortgage, this episode reveals a strategy that could transform your approach to home ownership and personal finance.

Join Mike Wise as he breaks down the critical importance of paying off your mortgage before retirement. In this eye-opening episode, discover five compelling reasons why eliminating your mortgage can transform your financial future. Learn how to reduce expenses, increase cash flow, minimize risk, and maximize your retirement savings. Mike shares expert insights on avoiding interest traps, managing unexpected costs, and exploring innovative loan options that can help you achieve financial security. Whether you're approaching retirement or planning ahead, this podcast provides actionable strategies to ensure your golden years are truly golden.

Discover how the traditional 30-year fixed mortgage is costing you more than you think. In this eye-opening episode, mortgage expert Mike Wise breaks down a game-changing approach to home financing that could help you pay off your loan in half the time and save hundreds of thousands in interest. Learn about the innovative all-in-one loan method that combines your checking account with your mortgage, allowing you to strategically reduce your principal balance and minimize interest payments. Whether you're a first-time homebuyer or looking to optimize your current mortgage, this episode provides powerful insights into smarter mortgage management that could transform your financial future.

In this episode, we explore the all-in-one loan, a revolutionary mortgage solution that can help homeowners save hundreds of thousands in interest and pay off their homes faster without changing their lifestyle. We dive into the flaws of traditional mortgages, where banks profit from your interest payments, and how the all-in-one loan turns the tables, making your money work for you. Through real-world examples, we demonstrate the significant savings and flexibility this approach offers, empowering you to take control of your mortgage and secure your financial future.Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

In this episode, we uncover the truth about the all-in-one loan - a powerful financial tool that can help you pay off your mortgage in half the time and save hundreds of thousands in interest, without changing your lifestyle.Key Highlights:- How banks profit from keeping you in a 30-year mortgage by making you pay more interest than principal in the early years- The mechanics of the all-in-one loan, which combines a mortgage and a checking account to immediately reduce your mortgage balance with every deposit- The benefits of the all-in-one loan, including faster payoff, massive interest savings, liquidity, and no need to refinance- Who the all-in-one loan is best suited for - those with positive cash flow and disciplined spending habits- An example of how the all-in-one loan can save hundreds of thousands compared to a traditional 30-year mortgage- The speaker's offer of a free 30-minute consultation to help you understand how quickly you can become mortgage-free with this loanDon't let the banks keep you in debt for decades. Tune in to learn how the all-in-one loan can be your path to financial freedom.Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

In this episode, we explore a remarkable wealth-building strategy that challenges the traditional 30-year mortgage. You'll learn how one homeowner was able to pay off their mortgage in just 10 years and build a $6 million net worth.Key highlights:- The hidden costs of a 30-year fixed-rate mortgage that can prevent true wealth accumulation- How the "all-in-one loan" strategy allows you to pay off your home faster and save thousands in interest- The step-by-step plan to invest the freed-up cash flow and grow your net worth to $6 million over 20 years- Addressing common concerns about liquidity and accessibility with the all-in-one loan- A free consultation offer to help you understand your personalized wealth-building potentialDiscover the power of smart financial strategies and take control of your financial future. This episode could be a game-changer for anyone looking to build lasting wealth.Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

In this episode, we explore a game-changing financial tool that can help you fast-track your journey to financial freedom - the All-In-One Loan. Mike Wise, a mortgage expert, breaks down how this flexible loan can allow you to build equity faster without relying solely on market appreciation.Key Highlights:- Understand the limitations of the traditional 30-year fixed-rate mortgage and how it can keep you tied to the lender.- Discover how the All-In-One Loan combines your mortgage and checking account to reduce your loan balance and save on interest from day one.- Learn how the All-In-One Loan gives you more control over your equity growth, allowing you to actively build wealth each month.- Explore the potential to save tens to hundreds of thousands of dollars in interest and leverage your equity for future opportunities.- Gain insights on how the All-In-One Loan can help you achieve financial independence faster.Don't miss this episode if you're looking to take control of your financial future and accelerate your path to wealth through real estate.Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

In this episode, we dive into an insightful conversation with Mike Wise, a mortgage expert, as he unveils the true nature of the traditional 30-year fixed-rate loan and introduces the transformative power of the all-in-one (AIO) mortgage.Key Highlights:- Understanding the 30-year fixed-rate loan structure and the disconnect between principal and interest payments- Exploring how lenders benefit more from the early years of the 30-year loan- Discovering the AIO loan's principal-paid-first approach and its ability to help borrowers become debt-free faster- Learning how linking a checking account to the mortgage can accelerate principal reduction through direct deposit payments- Personalizing the AIO loan scenario to understand its potential impact on individual financial goalsIf you're looking to take control of your mortgage and achieve debt freedom sooner, this episode is a must-listen. Tune in to learn how the all-in-one mortgage can be a game-changer in your financial journey.Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

In this episode, we explore the transformative potential of principal-paid mortgages, also known as "all-in-one" loans. Discover how this innovative approach can help you save thousands in interest, pay off your mortgage faster, and accelerate your path to financial independence. Learn about the key benefits, including less interest paid, quicker debt payoff, faster net worth growth, increased financial flexibility, and empowerment over your finances. Hear a real-life example that showcases the remarkable impact this loan can have on your financial future. Whether you're working towards early retirement, paying off debt, or simply maximizing your money, this episode provides valuable insights into a mortgage strategy that can truly transform your financial journey.Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

Navigating the Real Estate Landscape with Tristan AlmadaIn this episode, we sit down with Tristan Almada, a seasoned real estate professional with multiple companies under his belt. Tristan shares his insights on the importance of consistent content creation, the power of storytelling, and leveraging social media to build your brand and generate leads.Key Highlights:- Tristan's philosophy on "knowing is not enough, we must apply" and the importance of taking action- Tips for overcoming the fear of being on camera and practicing storytelling- Strategies for creating engaging social media content using the STAY acronym (Sell with a Story, Teach, Advise, and You)- The benefits of using platforms like YouTube, Facebook, and Instagram for organic and paid advertising- Advice on building relationships with clients through consistent engagement and nurturing the sales funnelWhether you're a new agent or a seasoned pro, this episode is packed with valuable insights to help you navigate the ever-changing real estate landscape.Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

Real Estate Portfolios Across Generations w/ Bruce Stein :: Ep 22 Mortgage Wise with Mike Wise In this episode, we talk to Bruce Stein from Real Property Partners. He discusses transitioning real estate portfolios from one generation to the next. He highlights the challenges faced by aging baby boomers with portfolios valued between $25 to $75 million, emphasizing the need for strategic planning and financial re-engineering. Stein notes the importance of durable cash flow, diversification, and creative financing solutions, such as bringing in additional equity. He also stresses the significance of local market knowledge and staying involved with properties. Stein advises against being an absentee landlord and underscores the need for clear communication with heirs regarding inheritance plans.Highlights:Bruce Stein's Role and Recent Transition (1:41)Advising Clients on Portfolio Management (2:43)Challenges of 1031 Exchanges and Generational Differences (5:53)Planning for Succession and Tax Implications (18:25)Creative Financing and Market Conditions (26:33)Current Market Trends and Property Performance (33:14)Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

In this episode, we explore the complex challenges faced by homeowners and renters in the aftermath of the devastating fires in the Palisades and Pasadena areas of Southern California. Our guest, Merilee Iverson from real brokerage, provides valuable insights into the legal and practical implications of the crisis, including:The California price gouging restrictions that limit rental price increases, and the importance for property owners and real estate agents to navigate these regulations carefully.The significant housing shortage and the expected geographic spread of displaced residents, as they seek new homes in surrounding areas and even other states.The crucial role of experienced real estate agents in guiding fire victims through the recovery process, from finding temporary and long-term housing to navigating insurance and property tax issues.The potential impact on property values, both in the affected areas and the surrounding communities, and the factors that may influence homeowners' decisions to rebuild or relocate.The important tax benefits and other resources available to fire victims, such as the Prop 19 provision that allows them to transfer their property tax base to a new home.This episode offers a comprehensive understanding of the multifaceted challenges and opportunities facing those impacted by this natural disaster, and the valuable support that real estate professionals can provide during this difficult time.Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

Effective Communication and Negotiation Strategies for Real Estate Professionals w/ Craig Peterson :: Ep 20 Mortgage Wise with Mike Wise In this episode, Craig Peterson and I discuss effective communication strategies in real estate. Craig emphasizes the importance of ensuring clients are never surprised by the process, using clear and timely communication. We highlight the need for initial client meetings to understand communication preferences and setting expectations. Craig shares insights from Chris Voss on negotiation tactics, such as mirroring and letting clients talk. Overall, we discuss the value of consistent communication, even during bad news, to build trust and maintain client relationships.Highlights:Effective Communication with Clients (0:00)Initial Client Meetings and Communication Strategies (3:49)Handling Bad News and Building Trust (6:18)Negotiation Skills and Strategies (9:31)Understanding Client Needs and Preferences (18:13)Practicing and Improving Skills (24:01)Handling Failure and Learning from Mistakes (32:23)Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

Rebuilding Homes and Restoring Communities w/ Scott Squires :: Ep 19 Mortgage Wise with Mike Wise In this episode, our conversation centers on the impact of the Southern California fires on the real estate market, particularly in Ventura County. Scott discusses the destruction of 12,000 structures, affecting potentially 100,000 people, and the strain on the already short-supplied housing market. We highlight The California FAIR Plan's limitations in coverage and add suggestions for potential property tax adjustments. Our discussion also touches on the challenges of rebuilding, including price gouging, insurance issues, and the long-term recovery timeline of 3-5 years. Our conversation concludes with a call for government intervention and community support to address challenges.Highlights:Impact of Southern California Fires on the Real Estate Market (0:00)Challenges in the Housing Market Post-Fire (2:57)Insurance and Rebuilding Challenges (3:15)Ripple Effects on the Housing Market (12:04)Long-Term Recovery and Government Involvement (28:08)Community Support and Organized Response (31:05)Economic Impact and Future Planning (32:47)Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

Understanding Real Estate Contingencies:: Ep 18 Mortgage Wise with Mike Wise In this episode, we cover the importance of contingencies in real estate transactions from both the buyer and seller perspectives. Contingencies are contractual clauses that allow buyers to back out of a deal under certain conditions, such as issues with the home inspection, appraisal, loan approval, or insurance coverage. The M&M Team explains that shorter contingency periods are often more appealing to sellers, as it provides more certainty that the deal will close. However, buyers need to carefully review all disclosures and have thorough inspections done within the contingency timeframes. Our discussion covers the main contingencies, including loan, appraisal, inspection, insurance, and review of seller disclosures. We also emphasize the importance of working with experienced agents who can guide buyers through the process and ensure all contingencies are properly addressed.Highlights:Understanding Contingencies in Real Estate (0:00)Timing and Market Conditions for Contingencies (3:09)Earnest Money Deposits and Contract Binding (5:09)Inspection Contingencies and Their Importance (9:46)Loan Contingencies and Pre-Approval Process (15:26)Insurance Contingencies and Market Challenges (24:28)Appraisal Contingencies and Market Conditions (28:37)Disclosure Contingencies and Buyer Protection (29:32)Legal and Financial Risks of Non-Disclosure (33:54)Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

Insights From Experienced Real Estate Agents w/ Kendall Baker and Trisha Perez :: Ep 17 Mortgage Wise with Mike Wise This episode features a discussion on the current real estate market with agents Kendall Baker and Trisha Perez. They highlight the market's volatility, noting that it changes weekly and emphasize the importance of partnering with professionals. We discuss the shift from a seller's to a buyer's market, with fewer offers and lower interest rates affecting buyer decisions. They stress the importance of negotiation, staging properties, and maintaining client trust. They also address the challenges of simultaneous home sales and purchases, emphasizing communication and professional relationships. The conversation underscores the emotional and financial aspects of real estate transactions.Highlights:Current Real Estate Market Overview (0:00)Market Conditions and Buyer/Seller Dynamics (3:12)Negotiating in a Changing Market (5:17)Setting Expectations with Sellers (8:49)Supporting Clients Through Challenges (28:17)The Role of Real Estate Agents (32:36)Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

Navigating the Ups and Downs of the Housing Industry w/ Scott Squires:: Ep 16 Mortgage Wise with Mike Wise In this episode, we talk to Scott Squires, a real estate professional with over 16 years of experience in the industry. He currently runs his own real estate agency and has been actively involved in the local Ventura County/1000 Oaks market. Scott takes a thoughtful, client-focused approach to real estate. Rather than just trying to make a quick sale, he works to truly understand his clients' needs and motivations, whether they are buying, selling, or investing in property. He recognizes that the real estate market can be complex, with many moving parts, and aims to be a problem-solver for his clients.In the current market, Scott is seeing a mix of activity - some properties are generating significant interest and multiple offers, while others are sitting on the market longer. He attributes this to factors like interest rates, affordability challenges, and some buyers/sellers taking a wait-and-see approach around the upcoming election.Listen along for advice on navigating the ups and downs of the housing market.Squires Realty:http://squiresrealtycom.rs2.aios-staging.com/Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

Paying Off Your Mortgage in Half the Time:: Ep 15 Mortgage Wise with Mike Wise This episode discusses a strategy to pay off a mortgage in half the time of a 30-year fixed rate mortgage. Using a simulator, he compares a $1 million purchase with a $800,000 loan at 6.75% interest to an all-in-one loan. The all-in-one loan, with bi-weekly payments and additional $200 monthly, saves $406,000 in interest over 17.1 years, or $650,000 if rates drop to historical levels, paying off in 14.3 years. This strategy allows for faster wealth accumulation, potentially reaching $3.5 million compared to $2.2 million with a 30-year mortgage.Watch this episode for details on how the loan works and please reach out with any questions!Highlights:Setting Up the Simulation (1:11)Adjusting Income and Expenses (2:24)Comparing Mortgage Options (4:27)Wealth Accumulation and Future Projections (6:35))Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

A Deep Dive in the Condo Market w/Tim Parent and Jessica Bravo:: Ep 14 Mortgage Wise with Mike Wise In this episode, we focus on the evolving condo market, particularly the challenges around affordability and insurance. We discuss the pressure on Fannie and Freddie to make condos more accessible for first-time homebuyers, while also managing the risks associated with aging condo infrastructure and rising insurance costs.A key issue we talk about is the increase in HOA fees due to skyrocketing insurance premiums, which is negatively impacting affordability. The discussion provides guidance for real estate agents on the critical information to gather when listing or showing a condo property, such as the HOA budget, master insurance policy, and any special assessments or structural issues. We also talk about the importance of understanding the condo's insurance coverage, including deductibles and peril endorsements, to assess the overall health of the project.Our chat also covers the differences between condos and planned unit developments (PUDs), highlighting that PUDs are often viewed as less risky by lenders due to the individual lot ownership structure. However, some PUD communities may still function similarly to condos in terms of HOA maintenance and insurance.Highlights:Insurance Challenges and HOA Decisions (4:08)Differences Between Condos and PUDs (21:57)Importance of HOA Information for Real Estate Agents (28:13)Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

How CMG Home Loans is Revolutionizing the Path to Homeownership:: Ep 13 Mortgage Wise with Rose Marie and Natalie In this episode, Mike sat down with his two bosses, Rose Marie and Natalie. They discuss the benefits of joining CMG, highlighting its innovative products and strategic leadership. They emphasize the Home Funded program, which allows customers to crowdsource down payment funds, and the All-In-One loan, which combines a mortgage with a checking account to reduce interest expenses. They discuss the importance of not waiting to buy real estate due to its long-term appreciation and the potential impact of future interest rate changes.  Rose Marie is an SVP Retail Sales Exec at CMG and joined the company during a strategic transition period when CMG acquired Home Bridge. She has been in the industry for more than 30 years. Natalie currently serves as Divisional Vice President of the Northwest Division at CMG Financial. She is known for her extensive experience in the real estate and mortgage industry, having bought and sold numerous homes over the past 30 years. She is part of the executive team and has worked closely with Natalie for many years through various companies. Rose Marie and Natalie have worked closely for many years through various companies.Highlights:Innovative Products and Strategic Leadership (4:00)Market Conditions and Future Projections (5:30)The All-In-One Loan: A Game-Changer (8:54)Consumer Affordability and Down Payment Myths (18:41)Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

Exploring Alternative Lending Solutions for Self-Employed Borrowers:: Ep 12 Mortgage Wise with Mike Wise This episode covers the evolution of non-QM (non-qualified mortgage) loans, also referred to as non-agency loans. It provides historical context on the subprime lending crisis and how the non-QM market has since developed more robust underwriting standards focused on the borrower's ability to repay.We explain the various methods for qualifying self-employed borrowers for non-QM loans, including using bank statements, gross receipts letters from CPAs, profit and loss statements, and debt service coverage ratio (DSCR) calculations for investment properties. The conversation highlights how non-QM lending has become a more mainstream option, with the market share growing from less than 1% to potentially 8-10% of the overall mortgage market. This growth is attributed to higher interest rates making non-QM products more attractive and increased the competition and performance of these loan types.Highlights:Historical Context and Market Share (3:26)Loan Officer Perspectives and Market Trends (5:41)Qualifying for Non-QM Loans (14:25)Debt Service Coverage Ratio (DSCR) (28:34)Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

Hard Money Lending with Nick Blatin :: Ep 7 Mortgage Wise with Nick Blatin Nick Blatin shares his expertise in real estate investing and private lending, emphasizing the importance of trust, experience, and calculated risks. He discusses his journey from a high school dropout to a successful real estate agent and hard money lender, highlighting challenges and lessons learned along the way. From Nick:“When Banks Say No... Private Money Is The Only Way To Go! Private Money Solutions is a direct hard money lender in Los Angeles, NOT a broker. We provide fast hard money mortgage loans simply based on the equity in your property. Since 2001, we have funded over $1 Billion! We currently have over $250 Million+ loans under management. Call or text for an immediate wholesale pricing quote today!”Highlights:Real estate and hard money lending with a focus on risk assessment. (2:18)Real estate loans in a recession, with a focus on loan requests and decision-making. (16:39)Loan processing times and strategies to save deals. (21:07)Follow Nick:https://www.linkedin.com/in/nickblatin/https://pmshardmoney.com/Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

Trusts and Real Estate w/Donnie Flaig :: Ep 8 Mortgage Wise Mike Wise and Donnie Flaig discuss the basics of trusts in real estate financing. A trust is likened to a "bucket" for assets, avoiding probate and its associated court fees and delays. Probate can take 12-24 months, freezing assets and incurring significant legal costs. Beneficiaries, typically family members or charities, are chosen by the trust creator. Trusts keep asset distribution private and can include provisions for minor beneficiaries. Setting up a trust costs $3,000-$4,000, including ancillary documents like health care directives and powers of attorney. Trusts can be managed by a trustee and last beyond the creator's lifetime, ensuring assets are distributed according to the trust's terms.Highlights:Probate and Its Drawbacks (1:41)Special Cases and Trustee Roles (5:44)Living Trusts and Asset Management (11:25)Follow Donnie:https://www.linkedin.com/in/donnie-flaig-17029569/https://flaiglawfirm.com/Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

Paul Hargraves from Trust Properties USA discusses the company's unique approach to probate and trust real estate, which he calls the "family flip." This strategy involves renovating homes for families at no upfront cost, with the family retaining all equity. Trust Properties USA has been in business for 25 years and operates in multiple states. They have completed over 1,000 projects, often dealing with significant challenges like hoarder homes and squatters. The company's success is highlighted by a case where they transformed a $67,000 investment into a $94,000 profit for a client. Their business model emphasizes a win-win outcome for families and estate executors.Highlights:Unique Value Proposition of Trust Properties USA (3:08)Challenges and Success Stories in Probate and Trust Real Estate (6:29)Market Conditions and Future Plans (9:21)Client Interaction and Project Management (22:21)Follow Paul:https://www.linkedin.com/in/paulhargravesprobaterealtor/https://www.trustpropertiesusa.com/about-us/team-of-expertsJoin Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

Navigating Assisted Living w/Kelila Heller :: Ep 10 Mortgage Wise with Kelila HellerMike Wise and Kelila Heller discuss the complexities of assisted living for seniors. Heller, co-owner of Assisted Living Connections, explains their free service that helps families navigate senior living options, including assisted living, memory care, and residential care homes. They assist in finding the right fit based on individual needs and preferences, and their services are funded by fees from assisted living communities. Heller emphasizes the importance of early planning, including long-term care insurance, to manage costs, which can range from $3,500 to $10,000 monthly. They also highlight the challenges of low-income seniors and the need for better government programs to support them.About Kelila:Kelila Heller is co-owner of Assisted Living Connections, a no fee Placement Agency for senior living. She has been in business since 2011. Her company offers the knowledge and support to help care for your aging loved ones. If this involves a residential move for the senior, Kelila consults with you to create personalized choices based on care needs, desired lifestyle, and budget. In addition, Kelila offers referrals for In-Home Caregivers, Eldercare Management, Veteran's Benefits, Elder Law, Family Mediation and much more.Kelila is a board member with Senior Concerns, the largest non profit for seniors in Eastern Ventura County, offering Meals on Wheels, Adult Day Program, Senior Advocates, Legal Services, Caregiver Support Groups and Classes.Highlights:Services and Payment Model (3:53)Assisted Living Landscape and Community Knowledge (6:07)Transitioning to Assisted Living (13:32)Costs and Financial Planning (20:32)Follow Kelila:https://www.assistedlivingconnections.com/Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

On this episode, Mike Wise and former Pro-Skateboarder-turned-Entrepreneur and President at Commune Capital, Mikey Taylor discuss the volatility of the real estate industry and the importance of staying informed. They discuss their experiences on managing fear and uncertainty in business and investing. You will hear some great strategies for investing in self-storage facilities, emphasizing the importance of creativity, strategic thinking, and controlling fear. Their optimism about the real estate market's potential for continued growth, with a measured cautious approach for affordability and the lingering potential for a market correction. Highlights:Skateboarding and business, including lessons learned and fear management. (2:25)Real estate market trends and investment strategies. (13:45)Real estate market trends, interest rates, and recession fears. (26:01)Follow Mikey:https://www.linkedin.com/in/mikey-taylor-1607b3111/Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

On this episode, Mike talks with Jim Kelley with Kelley Insurance Agency. The conversation revolved around home insurance coverage and exclusions, with a focus on California. Mike and Jim discussed the importance of having an agent for insurance coverage and updating policies to reflect current dwelling coverage limits. They also highlighted the benefits of installing safety features such as fire and burglar alarms, water sprinkler systems, and new roofs, which can lead to discounts on premiums and help claim adjusters process claims more efficiently. Highlights:Homeowner insurance, deductibles, claims, and agents. (9:32)California's insurance industry challenges and the role of the California FAIR Plan. (25:46)California's insurance industry and premium increases. (34:02)Follow Dina:https://agents.farmers.com/ca/agoura-hills/james-kelley/Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

On this episode, Mike talks with Dina Mabry with BGA Insurance. They discuss the importance of purchasing long-term care insurance when you’re young and healthy. They also talk about the importance of considering long-term care options and protecting wealth and assets in retirement. From Dina:“Dina is a trusted resource for life, long-term care, disability insurance. Being in the industry for over 17 years, Dina has become a respected consultant to financial advisors and individuals by creatively finding solutions for estate planning, income replacement and long term care protection solutions.Working with over 30+ carriers, Dina taps into her knowledge from her long career in the pharmaceutical industry to properly underwrite clients to find the best match for most medical impairments. Dina strives to be a reliable expert in her field so clients can make informed decisions and sleep at night knowing they and their families are protected. Solo agers, married couples, new parents and those preparing for retirement can benefit from meeting with Dina.Dina can broker in all states and is active in local networking organizations (W Source, ProVisors, Women 2 Women) She spends her time supporting Go Red for Women, The American Heart Association and The Alzheimer's Association Central Coast.”Highlights:Long-term care insurance and reverse mortgages for retirees. (4:10)Life insurance and long-term care costs, benefits, and planning. (8:14)Long-term care insurance and its cost factors. (11:27)Follow Dina:www.bgapremierinsurance.comJoin Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

On this episode, Mike talks with Marya McFadden with McFadden Family Law & Mediation. They discuss the importance of mediation before resorting to traditional litigation in divorce cases. They also discuss various aspects of divorce and spousal support, including the factors that determine spousal support payments, the options for ending or modifying spousal support, and the potential cost savings of mediation compared to litigation. Marya emphasized the importance of understanding the legal framework for spousal support and the potential consequences of not having a prenuptial agreement, while Mike raised complex questions regarding divorce and mortgage obligations, including how to divide assets and protect assets through prenuptial agreements.From Marya:“As a family law attorney and mediator, Marya assists clients with divorce, child custody, child and spousal support, premarital agreements, and domestic violence restraining orders. Encouraging mediation and negotiation whenever reasonably possible to resolve matters outside of court, Marya is also a zealous advocate for her clients in the courtroom.As Board Secretary for Big Brothers Big Sisters of Ventura County, Marya helps match local at-risk youth with volunteer mentors.”Highlights:Dividing assets in a divorce, including a house. (4:38)Divorce and mortgage payments. (9:20)Spousal support in California, including duration and calculation factors. (19:12)Mediation and prenuptial agreements in divorce cases. (25:03)Follow Marya:https://www.linkedin.com/in/marya-mcfadden-973883145/Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

On this episode, Mike talks with Joel Dobrin with Cost Segregation Initiatives. They discuss cost segregation as a tax strategy in real estate financing, with details on the process and benefits of cost segregation studies. They clarify the process and highlighted potential tax savings for various investment opportunities, including a manufacturing facility, apartment complex, mixed-use retail and restaurant property, retail shopping center, and self-storage facility. Joel encouraged listeners to reach out for more information on cost segregation and investment opportunities.From Joel:“With over 35 years’ experience in financial services, Joel Dobrin is a Cost Segregation specialist. Joel's partners at Cost Segregation Initiatives are among the elite in their profession in their ability to produce certified cost segregation reports. Only those with the CCSP designation can stamp a cost segregation report with the seal of the American Society of Cost Segregation Professionals, which makes the work that he does constantly in demand. Over the past 15+ years, Joel's firm has completed over 1,500 "certified" engineering - based cost segregation studies and is known as one of the premiere firms of its kind in the nation.”Highlights:Cost segregation for tax savings on a $1 million property. (4:17)Cost segregation for tax savings in real estate investments. (10:18)Cost segregation with emphasis on quality standards and certification. (21:41)Follow Joel:https://www.linkedin.com/in/joel-dobrin-52493816/Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co

On this debut episode, Mike Wise talks with Tristan Ahumada, the creator of LabCoat Agents Facebook Group. In this episode they discuss how Real Estate Agents can grow their businesses through strategic partnerships, online lead conversion, and personalized communication. Building long-term relationships with clients and leveraging social media and messaging platforms to engage with them is crucial. Personal branding and creating a ubiquitous presence for clients can also help attract more business. Storytelling through marketing efforts can establish trust and connect with clients on a personal level.From Tristan:“After 1 year in the business, I became rookie of the year at Century 21 at age 24. I attribute my quick success in Real Estate to being married at 19, I had a lot of people to prove wrong and a lot to accomplish quickly.In 2014 I created LabCoat Agents as a Facebook Group and in 3 years we have grown to over 80,000 members. LabCoat Agents is extremely influential in the Real Estate world and we are the largest Real Estate Facebook Group in the world. We are now one of the leading Media/Education Companies in Real Estate.In 2015 my real estate team hit a milestone and surpassed 100 Million volume in production, in Los Angeles/Ventura Counties, which placed me in the top 1% of all Real Estate agents in the US. My success in Real Estate has made our LabCoat Agents group even more relevant. People go to the group and website to find out the latest tech, resources, systems and to get motivated to grow their real estate business. We are literally changing the Real Estate world.I now run a successful Real Estate team in California, operate LabCoat Agents, and I speak an average of 3 times a month nationally at different real estate events and brokerages. My love for technology and systems pushes me to test out the latest products and allows me to create successful systems for automation for the Real Estate world. I continue to help agents throughout the world because I believe that all agents should have access to free resources to help grow their business.”Highlights:Real estate marketing strategies, including personalized communication and online presence. (5:31)Using social media and messaging to build relationships and grow business. (11:00)Real estate industry changes, including NAR settlement and commission. (21:47)Follow Tristan:www.tristanahumada.comJoin Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.Follow along at www.mortgagewisewithmikewise.comThis podcast is produced by Jim McCarthy and ItsYourShow.co