Alec Hanson

⭐️What makes Team Steelman Mortgage so helpful in our industry?⭐️ 🔥🔥So much experience and availability to serve agents and clients. Our team is here to make a difference and will serve well🔥🔥 #mortgage #homes #purchase #refinance #followme #teamsteelmanmortgage #customerservice #topproducer #elite #realestate #newconstruction #relationships #reels #video

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Reverse Mortgages are a retirement product first and a mortgage product second. This isn’t about product structure; it is about implementation and-- more importantly-- mindset. When the mentality of the client and the loan officer mortgage first and retirement second, reverse mortgages get misused. Let's look at the mortgage mindset. Mortgages are not difficult to understand; they are simply a way to finance a large purchase and make it more affordable. At their core purpose, they are no different than any other financing product, such as an auto loan. Of course, we like mortgages because they are for an asset that historically does not depreciate and provides a more stable affordability than renting might. However, we can acknowledge that many use mortgages for purposes outside of purchasing a home. Cash-out refinances are used to consolidate debt, invest in a business, finance a boat, etc. Reverse mortgages however are vastly different. The purpose of a reverse mortgage is not to make the home more affordable. The primary purpose of a reverse mortgage is to help the sustainability, efficiency, and probability of success in retirement. But if the product is the same, you might think it doesn’t make a difference, but it changes everything. Having a mortgage mindset towards reverse is what leads people to use it as a temporary band-aid or to get through a short-term problem. A reverse is a long-term play. It is about a sustainable solution to make the whole retirement picture look better. A reverse is best for solving retirement issues, like losing social security income from the death of a spouse, having a backup bucket for long-term care, or even tax optimizing their spend-down. The reverse mortgage is there to help access a retiree's largest asset and incorporate it into the retirement plan. It is not there to “finance” a short-term desire or need. The hardest part about this discussion is that the uses are not actually wrong or right. Someone could buy a car with their reverse mortgage, and it could be a reasonable utilization of the product, while for others it would be a complete misuse. Is the client doing the reverse because they want to kick the can down the road rather than face facts and downsize their lifestyle, or are they strategically adding liquidity in a responsible manner? When considering whether a reverse mortgage is right for someone we must approach it from a retirement first, mortgage second, perspective. It all comes down to mindset. 

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Recent mortgage changes: 👉FHA 203k changes (Effective November 1st.): 1. 203K Limited has increased the max amount of repair cost from 35K to 75K. (This is a really big deal and long overdue) 2. Max repair time for the full 203K extended to 12 months. 👉MSHDA Changes (effective immediately): 1. Buyer Agent Commissions – MSHDA has announced that real estate commission, buyers or sellers, can be paid by the borrower using their own funds when obtaining a MSHDA loan. MSHDA down payment assistance funds may not be used to pay any portion of the realtors' commission or any fee to the realtor that is labeled as commission on the purchase agreement and/or closing disclosure. If your borrower agrees to pay any portion of the realtors' commission, or a realtor commission fee, they must do so out of their own funds or with an eligible gift. Commissions shown on the CD may count towards the borrower’s 1% requirement. 2. Appraisal Gap Guarantee- An appraisal guarantee is when a borrower agrees to pay the seller more than the appraised value of the home. If a borrower agrees to an appraisal guarantee, they must still pay this out of their own funds or with an eligible gift. MSHDA down payment assistance funds may not be used to pay any portion of the appraisal guarantee. MSHDA has updated their policy to allow the appraisal guarantee to count towards the borrower 1% requirement on a MSHDA down payment assistance loan.. 3. Gift of Equity-Borrower’s 1% Contribution - MSHDA has updated their policy to allow a gift of equity to count towards the borrower 1% requirement on a MSHDA down payment assistance loan. Please reach out to me with any question you may have. Mark Gelbman, Your Mortgage Advisor NMLS # 112342 248.705.8431 cell/text [email protected] #HomeBuyers #1stTimeHomeBuyers #MiRealEstate #DownPaymentAssistance #BuildingWealthWithRealEstate #MultiTaskYourMoney #NewConstructionLending #RenovationLending #MSHDA #VALoan

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Why 98% of Loan Officers Don’t Generate Leads on Social Media Top mortgage LinkedIn coach Dan Smokoska helped me see the problem: most loan officers don’t know who they’re going after, so they post about things they care about—not what their clients need. When you know exactly who you want to work with, it changes everything: - You can share content that’s genuinely useful. - You’re connecting with the right people and engaging with potential clients. Without that clarity, you end up posting generic content or rate updates (which few care about) instead of focused insights that attract leads. Start by getting clear on your target audience—it’s the biggest step to actually generating leads on social.

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Sierra Pacific Mortgage's Investment and Second Home pricing is on fire! Rates are now comparable to owner-occupied rates. If you or anyone you know is looking to purchase a second home or investment property, please give us a call. You will be surprised. 🔥 #Mortgage #InvestmentProperty #RealEstate

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Finding the perfect mortgage isn’t just about choosing any lender—it's about choosing the right one for your needs. I'm not limited to a single lender, so I can explore a wide range of options to find the best solution for you. Ready to find your dream mortgage? Let's connect and make it happen! 🏡💼 #MortgageAdvisor #HomeLoans #DreamHome #FinancialFreedom

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𝐑𝐞𝐚𝐥𝐭𝐨𝐫𝐬: 𝐄𝐥𝐞𝐯𝐚𝐭𝐞 𝐘𝐨𝐮𝐫 𝐂𝐚𝐫𝐞𝐞𝐫: 𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐃𝐮𝐚𝐥-𝐋𝐢𝐜𝐞𝐧𝐬𝐞𝐝 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐀𝐠𝐞𝐧𝐭 𝐚𝐧𝐝 𝐋𝐨𝐚𝐧 𝐎𝐫𝐢𝐠𝐢𝐧𝐚𝐭𝐨𝐫 𝐖𝐨𝐫𝐤 𝐑𝐞𝐦𝐨𝐭𝐞𝐥𝐲 | 𝐏𝐨𝐰𝐞𝐫𝐞𝐝 𝐛𝐲 𝐍𝐄𝐗𝐀 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞, 𝐭𝐡𝐞 𝐍𝐚𝐭𝐢𝐨𝐧’𝐬 𝐋𝐚𝐫𝐠𝐞𝐬𝐭 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐁𝐫𝐨𝐤𝐞𝐫 𝐓𝐚𝐤𝐞 𝐂𝐨𝐧𝐭𝐫𝐨𝐥 𝐨𝐟 𝐘𝐨𝐮𝐫 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬 & 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐘𝐨𝐮𝐫 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 Are you ready to unlock new income opportunities and offer unmatched value to your clients? At NEXA Mortgage, we empower real estate professionals to expand their services and dominate the industry by becoming dual-licensed Real Estate Agents and Loan Originators. Why Choose NEXA Mortgage? ✅ Control the Entire Deal Eliminate delays and surprises by managing the real estate and mortgage process from start to finish. Create smoother closings, happier clients, and a steady stream of referrals. ✅ Offer Every Loan Program Imaginable With access to over 260 lenders, you’ll never turn away a client. From conventional, FHA, and VA loans to niche products like fix-and-flip, non-QM, and investor loans, you’ll have the perfect solution for every situation. ✅ Unmatched Compensation Earn **up to 100% of the broker check**, with additional income streams from recruiting others and benefiting from overrides on their production. ✅ Stay Top of Mind Beyond Closings From refinancing to HELOCs, you’ll remain your clients’ go-to financial expert for years to come. ✅ Comprehensive Training and Support No loan origination experience? No problem! We provide industry-leading training and tools to help you hit the ground running. ✅ Work Anywhere with Flexibility Enjoy remote work, choose between W2 or 1099 compensation, and gain access to a Fortune 500-level benefits package, including health insurance and retirement options. ✅ A Culture That Drives Success Join an entrepreneurial team committed to helping you grow your business on your terms, backed by the support of the largest broker network in the country. Ideal Candidate Profile: - You’re an experienced real estate agent eager to expand your earning potential. - You’re tired of deals falling apart due to financing challenges. - You want to stay top of mind with clients and offer more value throughout their homeownership journey. - You’re ready to take control and manage both sides of the transaction. About NEXA Mortgage NEXA Mortgage is the fastest-growing mortgage broker in the U.S., with over 2,800 loan officers and access to the most competitive rates. We’re dedicated to empowering professionals with training, tools, and unparalleled opportunities for success. Ready to Join the Nation’s Top Team? Take charge of your career, increase your income, and become the one-stop solution your clients need. 👉 Contact me today to learn how you can get started!

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Big moves in the job market and leadership changes at HUD could shape the housing and mortgage landscape as we approach the end of the year. Watch for the latest insights! 🏡📊 #MarketMinute #HousingMarket #HomeOwnership #MarketUpdate

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Mortgage Originators: Here's the five main reasons you don't get more agent referrals. Which of these five are your "opportunity" to improve upon? #mortgagebroker #loanofficer #mortgagebankers

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