Join John Rush and guest Kurt Rogers from Affordable Interest Mortgage as they navigate the intricate world of mortgage rates. Discover why mortgage rates are not solely tied to the Fed’s fund rate but are influenced by treasury bonds, unemployment rates, and inflation. Gain insights into how recent changes by the Fed may impact your borrowing costs and learn why common sense lending is making a comeback in today’s housing market.
SPEAKER 18 :
This is Rush to Reason.
SPEAKER 15 :
You are going to shut your damn yapper and listen for a change because I got you pegged, sweetheart. You want to take the easy way out because you’re scared. And you’re scared because if you try and fail, there’s only you to blame. Let me break this down for you. Life is scary. Get used to it. There are no magical fixes.
SPEAKER 18 :
With your host, John Rush.
SPEAKER 15 :
My advice to you is to do what your parents did. Get a job, sir.
SPEAKER 07 :
You haven’t made everybody equal. You’ve made them the same, and there’s a big difference.
SPEAKER 16 :
Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world. You don’t know what it is, but it’s there. It is this feeling that has brought you to me.
SPEAKER 07 :
Are you crazy? Am I? Or am I so sane that you just blew your mind?
SPEAKER 06 :
It’s Rush to Reason with your host, John Rush, presented by Cub Creek Heating and Air Conditioning.
SPEAKER 03 :
All right, we are back. Hour number three, Rush to Reason, Denver’s Afternoon Rush, KLZ 560. Myself, Kurt Rogers, joining us now from Affordable Interest Mortgage. Kurt joins us typically once a month, so Kurt, welcome.
SPEAKER 13 :
Nice to be here. First day of spring.
SPEAKER 03 :
Yeah, it’s awesome. We’ll take it.
SPEAKER 13 :
Just the way Colorado is supposed to be. A little nip in the air.
SPEAKER 03 :
And that doesn’t mean that we’re going to have warm weather from here on out. We can still get snow.
SPEAKER 13 :
We’re going to get a storm.
SPEAKER 03 :
It’s coming. Springtime in the Rockies. So to your point, yes, we could. All right, let’s talk a little bit about rates. And for those of you listening maybe for the first time, Kurt’s from Affordable Interest Mortgage. He is my mortgage broker. A lot of yours listening as well. And if you’ve got anything related mortgage-wise at all, give Kurt a call. He’s got all sorts of different options depending upon what your needs are. And those of you that are self-employed, which we may get into a little bit today as well, if you’re a self-employed individual, Kurt is there to help you as well, which not all brokers can do or will do, I should say.
SPEAKER 13 :
Self-employed takes more time.
SPEAKER 03 :
Time, effort, knowledge, all sorts of things.
SPEAKER 13 :
It’s the same thing as down payment assistance programs. They take more time. They’re more complicated. But you can still get them done.
SPEAKER 03 :
All right. So speaking of rates, we’ll get into that in a moment. But I wanted to throw this to Kirk. I’m sure he has watched this as well. But for those of you maybe that didn’t catch this, even though the Fed kept the rates the same yesterday, they’re also reducing its runoff of treasuries by $20 billion a month to just $5 billion today. This means that instead of letting those bonds mature and hanging on to the proceeds, they’ll start reinvesting $20 billion worth into treasuries that will push the yield on the 10-year treasury and consequently borrowing costs as well.
SPEAKER 13 :
Correct.
SPEAKER 03 :
So explain that to folks.
SPEAKER 13 :
The way it works is when the federal government is buying treasury bills, that’s guaranteed money. So if you want to invest money and get a guaranteed rate of return and not figure a loss – That becomes a good investment. So the more that people are buying T-bills, bonds, that’s in turn going to lower the 10-year yield. As it does that, it makes mortgage rates. This affects mortgage rates more than the Fed’s drop in their Fed’s fund rate.
SPEAKER 03 :
It’s a supply and demand issue, correct?
SPEAKER 13 :
Strictly supply and demand. If you go back to 2000, 2021, when COVID hit, that’s what they started to do. They started just buying them. And because they were buying them, that’s how all the mortgage rates ended up getting as low as they were so people could borrow them. Because, again, the Fed’s jobs keep the money moving through the market, and that’s how they do that.
SPEAKER 03 :
And, okay, people would ask, though, okay, why are mortgages tied to those treasuries in the first place? Explain that.
SPEAKER 13 :
The treasuries, well, they’re not tied 100%.
SPEAKER 03 :
No, but I mean tied as in the rates are tied to it because they’re similar instruments that investors can buy, right?
SPEAKER 13 :
Different types they can buy, but the government is backing these stronger, and they’re guaranteeing the money. So you can go into them and put your money and be safer with them than in some of the other ones.
SPEAKER 03 :
Got you.
SPEAKER 13 :
So it’s just the way it’s been for so many years. It’s not tied to the Fed’s fund rate.
SPEAKER 03 :
Right. As much as it is to this.
SPEAKER 13 :
As much as it is to this and a few other things. The Fed’s also looking and the 10-year bond looks at what’s unemployment, what’s inflation going. And those numbers are starting to change. And if you paid attention to what he said yesterday, he’s not now looking to get to 2% to 2.5% inflation. He’s looking at 2.5% to 2.8%. So that relieves some of the pressure. He’s seeing unemployment at 4.1 now, but they’re projecting it to go to 4.4 this year. And they can still lower rates. The 10-year bond will keep working. So all those things are starting to come out. Very few people picked up on what you just said.
SPEAKER 03 :
Yeah, and I want to make sure people caught that because the mass media will tell you simply what he said about rate cuts and nothing else. And then everybody’s like, oh, nothing’s going to happen. They’re going to leave interest rates the same. Well, no, they’re kind of working around that and still going to be able to lower mortgage rates without actually lowering the short-term interest rate.
SPEAKER 13 :
Yes.
SPEAKER 03 :
Right?
SPEAKER 13 :
That’s exactly what they’re going to do. And most people don’t. They want to tie everything to the Fed’s fund rate. That’s not the case.
SPEAKER 03 :
That’s just short-term rates.
SPEAKER 13 :
That’s right. We’re talking 10-year bond markets, which is what people will normally keep a home loan for three to five years. So that 10-year bond market rate matters a lot. And we’re actually in the industry. We looked at that yesterday when we heard that. That’s good news because we’re already starting to see rates tickle down.
SPEAKER 03 :
And I can’t hold you to anything because it will vary even tonight and into tomorrow. What are they roughly right now?
SPEAKER 13 :
They were in the upper sixes. They’re now working at the lower sixes. Certain loans or programs that are out there, they’re in the fives. I’ve done a couple in the last two days that are in the 5% range. So we’re starting to see that movement.
SPEAKER 03 :
That’s a big difference.
SPEAKER 13 :
That’s a big difference. The ability to be able to get to those ranges.
SPEAKER 03 :
Okay, so does size of loan, credit ratio, or credit rating and all of that have anything to do with all that?
SPEAKER 13 :
Type of loan, first-time home buyer. There’s just variables of what your credit score is. And we’ve talked about that a lot, John, different ways to pay attention to these things that can help you get the best rate that’s available.
SPEAKER 03 :
Okay. How much does credit score have an effect upon the things that you’re talking about?
SPEAKER 1 :
80%.
SPEAKER 13 :
Really? That high?
SPEAKER 03 :
Yeah.
SPEAKER 13 :
And I’ve talked about this in the past. There’s a thing called loan level pricing adjustments. What that means to the lender is those are risk factors. An 80% loan to value has a higher risk than a 70%. A cash-out has a higher risk than a non-cash-out, a primary versus an investment. There’s more people that will have problems with investment loans or cash-out loans or higher loan-to-value loans, so the lender charges a risk-fee loan-level pricing adjustment. It’s all driven by your credit score.
SPEAKER 04 :
Okay.
SPEAKER 13 :
700, 720, 740, 760. The higher it is, the better it is for you. The less pricing adjustments you have, the better rates you get.
SPEAKER 03 :
So a lot of that still comes down to they’re factoring risk in and so on. The higher your credit rating, the lower they know their risk is and so on and so forth.
SPEAKER 13 :
your approvals become totally different. And again, lots of it comes out to that score. They’re coming out now to where they’ll do 90% loan to values and not appraise your home if your score is high enough and you’ve got money in the bank. Oh, that didn’t change the value of the house. That means there’s less risk to the lender.
SPEAKER 03 :
They’re looking at, OK, if you’ve if you’ve got a I’ll just throw numbers out. You know these better than I, but 80 percent loan to value and you’ve got a 800 credit score or a high sevens credit score. What you just said could very well apply because they know you’re pretty low risk.
SPEAKER 13 :
I just had a customer who made an $850,000 offer on a house. I didn’t see the value at $850,000 when I ran it through the system because of their score, because of the money in the bank. They waived the appraisal. They looked at the customer more than they did at the house. And that customer is at less risk so they can say, we don’t need this. We’re willing to take the shot.
SPEAKER 03 :
Now, what you’re really saying, Kurt, is that’s more common sense lending than I think I’ve ever heard.
SPEAKER 13 :
Yeah, I didn’t want to go too far with that one.
SPEAKER 03 :
I mean, really, isn’t that how it should work?
SPEAKER 13 :
That’s exactly how it’s supposed to work.
SPEAKER 03 :
Amazing.
SPEAKER 13 :
And they’re starting to understand that. And the lenders look back at these things. Where’s their money going away? How do we prevent that? And where their money is being strong and they’re making money, those are the loans that they’re going after.
SPEAKER 03 :
Okay, makes total sense. We’ve got other loan programs, I guess I could say, that we’re going to talk about today as well. One of these you hear us touch on periodically, and Kirk, kind of give folks a teaser, and that’s the, hey, I found a house that needs a little TLC. How do I put this all together? Because I’m going to have to spend some money on it at the same time.
SPEAKER 13 :
Yes.
SPEAKER 03 :
What do we call that loan?
SPEAKER 13 :
It’s called a limited rehab loan.
SPEAKER 03 :
Okay, limited rehab loan. Okay, so for those of you listening, that’s something we’re going to get into as soon as we come back. I always want to mention, too, if you have a specific question, you can call in directly and ask it, 303-477-5600. You can also text us a message, 307. 200-8222, 307-200-8222. We’ll be right back, though. Geno’s Auto Service is up next. They want to take care of you and your vehicle. And if you’re headed out on spring break, get your vehicle in as soon as possible. Genosautoservice.com. Geno starts with a J.
SPEAKER 01 :
Take advantage of Geno’s 99-95 four-wheel alignment special now through the end of the month. Tires are expensive. With regular alignments once a year or every 15,000 miles, your tires will get even wear and last longer. Two other benefits include safety and better gas mileage. Misaligned vehicles are harder to control and can lead to accidents. Geno’s is celebrating 42 years in business, serving Colorado families in Littleton. We back up our work with Napa’s nationwide 36-month, 36,000 miles peace of mind warranty. We invite you to check out all our Google reviews. We offer loaner vehicles so you can drop your car off and pick up when ready. Have you ever noticed how your tires have a way of finding holes in the pavement? Take advantage of Geno’s 99-95 alignment special while it lasts. Give us a call or go online to schedule an appointment. Geno’s is AAA approved and located at Bowles and Platt Canyon. Stop in or visit us online at genosautoservice.com. That’s Geno’s with a J.
SPEAKER 03 :
Cub Creek Heating and Air Conditioning is next. And again, if you’re looking for a second opinion, as I say all the time, give them a call today. They’d love to take care of you. Hunter, a great guy. He’ll come out, do whatever’s needed. And again, as I say all the time, we talked to him this past Monday, no scare tactics. He’ll just tell you straight up exactly where you’re at, what you need to do, give you all the options. You can decide from there. Go to klzradio.com to find him.
SPEAKER 07 :
Cub Creek Heating and AC are pros at keeping the air in your home clean. The first step to clearing the air in your home is to make sure that your furnace filter is cared for. Almost all of the maintenance calls they answer track back to no filter, a dirty filter, or no maintenance. Reem Certified Pro Partners Cub Creek Heating and AC will help you stay on top of that maintenance so you can relax. Your furnace’s filter doesn’t just make the air cleaner, it also makes your system run cleaner and last longer. Without clogs and dirt in the way, It doesn’t work as hard to heat your home, which will result in lower energy costs for you. And Cub Creek’s furnace tune-up is a must-have for any Colorado furnace. The first thing they do is clean the system to make sure it’s running efficiently and cleanly and replace your filter to improve airflow. For a breath of fresh air and to find out more about Cub Creek, send them a message from the klzradio.com advertisers page.
SPEAKER 03 :
Veteran windows and doors and some of this rehab stuff we’re going to talk to with Kurt in a moment, by the way. Veterans could be one of your suppliers for Give Dave a Call Today. Go to klzradio.com.
SPEAKER 06 :
Veteran Windows and Doors never uses sales reps who are only trained to close the deal. You will work with the owner, Dave Bancroft, and he knows windows are very prescriptive, meaning each home is unique in where it is in elevation and whether the windows face the sun or not. That’s why Dave makes sure you understand every value and rating for your windows so you don’t pay extra for windows that you don’t need. And every window manufacturer advises against using gas filled windows at or above 4000 feet. Other companies will say they have the highest quality and rated windows, yet they still use the wrong products like gas filled windows at the wrong elevations. Those windows will eventually fail. Don’t sign anything until you have met with Dave. Even if you have signed a contract with another company, it may not be too late if the windows don’t meet code or Energy Star criteria for Colorado. Veteran windows and doors will give you 40% off when buying five or more windows and free installation. Find them at klzradio.com today.
SPEAKER 03 :
All right, and if you want to teach young people how to read, we’ve got the answer. It is American Stonehenge by Mike Goldstein. Jimmyandandrew.com is the website. KLZ Radio for a 10% off. That’s jimmyandandrew.com.
SPEAKER 08 :
American Stonehenge by Mike Goldstein is perfect for your middle grade reader. Just ask Dorothy.
SPEAKER 14 :
What I really liked about American Stonehenge was that it had everything that a kid will like to read. A little bit of fantasy and the talking dog. A lot of history. And it goes about it in a roundabout way so the kid doesn’t really know they’re actually getting a history lesson.
SPEAKER 08 :
It’s beautifully illustrated.
SPEAKER 14 :
But having the illustrations gives the kids an idea because they’re so used to seeing everything presented to them in a digital way.
SPEAKER 08 :
But it’s a lot more than just a story.
SPEAKER 14 :
I thought it would help young readers because they can follow the story. They may or may not have to look up a word. It teaches them how people talk. It was down to earth, geared to interest kids and teach them something without them really realizing it.
SPEAKER 08 :
Mike Goldstein wants to get kids off their phones and into books.
SPEAKER 14 :
American Stonehenge will interest my grandkids that maybe they’ll get off their video games and telephones.
SPEAKER 08 :
Check out Mike Goldstein’s American Stonehenge, The Adventures of Jimmy and Andrew, to help your kids, grandkids, students, or other kiddos to break out of the digital world and read. Just go to klzradio.com slash read and get 10% off with the promo code KLZ.
SPEAKER 18 :
This is Rush to Reason on KLZ 560.
SPEAKER 03 :
And we are back. Rush to Reason, Denver’s Afternoon Rush, KLZ 560. Okay. Talk about this particular loan we just teased everybody on a moment ago.
SPEAKER 13 :
It’s called a limited rehab loan. The funny thing about this loan, it’s been around for… I’ve been in the business 24 years. It’s been around for 24. But like the 2-1 buy-down, it’s not always the loan that you want to take. Right now, this loan is really coming into its own because of a couple changes they’ve made. The purpose of the loan is if you want to buy a house and it’s not quite like you want it, it may need a roof. It may need windows. It may need a little TLC paint, carpeting, things like that. They used to have a limit of $35,000. Well, $35,000 doesn’t get you a lot done anymore. The loan now goes up to $75,000. So the way it works is you can’t do any structural changes. You can’t do any landscaping. You can’t tear out rooms. You can’t add on rooms. But you can take what you have, and you can redo the kitchen. You can get hardwoods for it. You can redo a bathroom. You can make it, if you’ve got a disability, you can make a ramp to where to help you out with that. You can put in new plumbing. There’s almost nothing as far as an upgrade you can’t do to the home if it fits in at $75,000. Okay. And the way it works with the loan is that you get that amount of money on top of what you’re paying for the house.
SPEAKER 03 :
All in one loan.
SPEAKER 13 :
All in one loan.
SPEAKER 03 :
So how do they handle disbursements and things along those lines, or do you just do that on your own?
SPEAKER 13 :
No. That’s a great question.
SPEAKER 03 :
Okay.
SPEAKER 13 :
If you want a general contractor to manage it, you can. There’s a fee to that. But some of the people that use this, they’ll go find a roofer. And you just sign a contract with them. You can be your own general contractor. You can manage it. When the work’s done, they inspect it. They pay that person off. But that money is designed to go there. If you don’t use it all, it turns around and it comes back against your mortgage and pays your mortgage down.
SPEAKER 03 :
I see. Giving you more equity.
SPEAKER 13 :
Giving you more equity. What they don’t allow is do-it-yourself. They don’t allow you to paint.
SPEAKER 03 :
They don’t allow you to put it off. So if you’re going to paint the house, you go get your three bids. You determine which one of those you want to take. Go to Home Depot. You pay somebody to do it, and off you go.
SPEAKER 13 :
Go to Home Depot and say, I want a kitchen. I want these appliances. Okay, they’ll give you the bill. You’re fine. You have them put in. That’s fine.
SPEAKER 03 :
So you’re not going to go by tile and do the tile yourself.
SPEAKER 13 :
They won’t allow that or electrical or.
SPEAKER 03 :
And I can understand why, because there’s a risk for them on that is as to is this getting done by somebody that really understands. And as far as the bank is concerned, the mortgage company is concerned. Am I getting the best value? Is it getting done right when it’s all said and done?
SPEAKER 13 :
Am I getting the permits the way it’s supposed to is being done to code?
SPEAKER 03 :
Yeah, if it’s electric plumbing and so on, new furnace, whatever the case may be.
SPEAKER 13 :
Yeah, they’re not going to come back on you. If you have somebody that didn’t do it right, they’re going to go back on that because of what document you have.
SPEAKER 03 :
Okay, so… If I’m somebody interested in one of these homes, walk me through how all that works. So I’ve been shopping around, and I found a home that, you know, it’s in the right area. It’s in the right school district. I like the land that may be with it or the property that it’s on. But, you know, the house needs a little TLC. Walk me through how that works.
SPEAKER 13 :
That’s why this loan is really working well. There’s a large percentage of homes that people are walking away from because they’re coming out to buy a $500,000, $600,000 house, and it needs $40,000, $50,000 worth for it to get upgraded to where it’s supposed to be. So people are not even because they’re saying, I don’t want to make this payment and then borrow more money to fix it. You get to put it all in one loan. The process is you come in, you say, I want to buy the house. I’ll give you an example. Let’s say the house is selling for $500. But the guy that’s selling it for $500 is saying that’s what all the homes in the neighborhood are going. Well, he could be correct, but they’re already upgraded. Yours isn’t. So what happens is, and I did this with one of my realtors just about a month ago, the guy discounted the price of the home to $450,000. So now the customer is buying it for $450,000. It takes the $75,000. So now he’s borrowing $525,000 on the house. Well, the house even finished is only going to bring $500,000. Here comes one of the best parts about this loan. They’ll take the future value. When you go to buy the home and you’re buying it at $450,000, they’re going to take the future value of all your work done because the appraiser is going to see what you’re doing. So let’s say that home comes back in at a value of $500,000. They will go up to 110% of that. So they will give you a loan maximum of 550. Okay. Now remember you paid 450 for the home.
SPEAKER 04 :
Right.
SPEAKER 13 :
Add to 75, you’re borrowing five and a quarter. All you have to do is come up with 3.5% and you have the loan.
SPEAKER 03 :
Not a bad deal. No, it’s really great. And what they’re looking at is by the time you’re done with all of that and the fact that your remodel is all new and done professionally, you’re most likely going to be at that value anyway, so who cares?
SPEAKER 13 :
You’re going to be at the five to five and a quarter.
SPEAKER 03 :
Right. So they know there’s not much risk on their end.
SPEAKER 13 :
Again, it comes to risk. The lenders have done this enough. They understand how these numbers work.
SPEAKER 03 :
Okay, other qualifiers as far as credit scores, things like that, how does that work?
SPEAKER 13 :
You must have a 620 credit score. Which isn’t super high. Nothing. They allow you to go up to 55% debt-to-income ratio. Okay. No bankruptcies, foreclosures, or short shills in the last four years. Okay. Other than that, that’s it. In addition to that, which is, again, this really helps us along with what else is going on, we talk about the buy-down. So let’s say you find this loan and your interest rate is 6.5%. You now get the 2-1 buy-down that goes with it because you can build that in from the seller. And your rate is 4.5%. So now you’re at 4.5% on a loan that you’re customizing the house to fit what you want. You get to personalize it quicker, so it means it’s something important to you. Like you said before, it’s in the right neighborhood. It’s got the right floor plan. I’ve got the schools that are closed and the stores. I’m close to work.
SPEAKER 03 :
You’ve got everything you want, but the house isn’t quite right. Now you get to make it right. So fix it and make it quite right.
SPEAKER 13 :
From the day of close, they have six months to finish the work.
SPEAKER 03 :
Six months. Six months. That’s doable in most cases.
SPEAKER 13 :
Yeah.
SPEAKER 03 :
I mean, you can do a lot of heavy remodeling and usually get done in six months. That’s not a huge issue.
SPEAKER 13 :
Yeah. For the kind of work you’re doing, again, we’re not tearing out walls.
SPEAKER 03 :
Yeah, we’re not doing complete additions and things along those lines. We’re going in and redoing what’s already there.
SPEAKER 13 :
If you see a house, you say, okay, here’s the color of carpet I’d like in whatever my house is. Here’s the color of my walls. So those things you can have. I want granite countertops.
SPEAKER 03 :
I want these appliances. I want new windows. Right. Yeah, going back to the window thing. Yeah, I want new windows, whatever the case might be. New roof, paint, things like that.
SPEAKER 13 :
You can build it in.
SPEAKER 03 :
What about outside work? Does that include anything where, hey, I need a new driveway, I need to report a new driveway?
SPEAKER 13 :
Driveway is fine. You know, fix up the garage, that’s fine. Do some decking if you’ve got to fix up the deck. You want to add a deck, not a problem. All of that. Finish your basement. If you want to make the basement another bedroom, because this is a three-bedroom and you need a four and the space is there, you can do that now.
SPEAKER 03 :
What about it’s got a detached garage and I want to make an ADU out of it? Can you do that as well?
SPEAKER 13 :
You can do an ADU. It doesn’t come in under this because your price for an ADU is going to be more than $75,000.
SPEAKER 04 :
Okay.
SPEAKER 13 :
Then they cap out at $75,000. It must be your primary residence.
SPEAKER 04 :
Okay.
SPEAKER 13 :
It can be a single-family home. It can be a condo. It can be a townhome. It can be a duplex through fourplex.
SPEAKER 04 :
Okay.
SPEAKER 13 :
Now, that’s where my mind starts going places is if I’m looking at a duplex… And my son wants to buy a property. I’m going to let him buy it. I’ll co-sign with him on the unit. He’s living in one sort of primary property, but he’s renting the other one out. I’m going to fix them both up.
SPEAKER 04 :
Okay.
SPEAKER 13 :
He’s a moneymaker.
SPEAKER 04 :
Okay.
SPEAKER 03 :
Makes sense. How long has this product been around, or is it fairly new?
SPEAKER 13 :
Over 25 years.
SPEAKER 03 :
Okay.
SPEAKER 13 :
They’ve modified it because of the housing market now. There’s not enough homes. People aren’t fixing them up, and you can’t because of inflation and the cost of things. That’s where this loan comes in like the 2-1 does. It fits a time frame in mortgages that can be really used because you want to buy a house, but you can’t find one that’s done. That’s the way you like. Now you get to make it yours.
SPEAKER 03 :
Yeah, this gives you the ability to make whatever those changes are to make it yours. And again, for those of you listening, yes, you still have to do your due diligence. Is this home going to be worth the money at the end based upon what my value is, or do I need to get the seller to give me some concessions to make this happen? On and on we go. I mean, you still got to make that deal on the front side, correct? Correct. Do your homework, I mean.
SPEAKER 13 :
Yeah, you could, but it’s highly unlikely that you’re going to be able to get the seller to go down to $450 or $425 because then you’re still going to get an appraised value of $450 or $425, not a five and a quarter or five and a half. So your loan to value changes, which changes your rates, your payments.
SPEAKER 04 :
I see.
SPEAKER 13 :
So having this built in at this time, doing a 2-1 with it, It gives you the opportunity that in six months to a year, when rates go down even further, you get to refinance it and the money’s already built in the 2-1 buy-down. So it gives you the best of both. It gives you a low rate now and gives you the money to make it work.
SPEAKER 03 :
So you end up with the house that you want at the right rate and off you go.
SPEAKER 13 :
As long as it’s in the right location, it fits what you want there, you can make the rest of it yours.
SPEAKER 03 :
Okay. One of the things I want to talk about when we come back for some of you listening too, because I get this question occasionally, is, okay, how do I raise my credit score? And I always just refer people to Curt. No, we’re not credit counselors. Curt is not a credit counselor, but there are some things you can do to raise your score. And by the way, some things that you shouldn’t do that can also affect your score. We’ll get into those as well. Hey, we’ll come right back and do that. Roof Savers of Colorado. Speaking of roofs and fix-up and things like that, Dave Hart would love to help you with whatever your roof needs are. 303-710-6916.
SPEAKER 02 :
You work hard to keep a roof over the heads of you and your loved ones. The last thing you need is to be worrying about the condition of that roof. That’s where we come in. At Roof Savers Colorado, we pride ourselves in helping homeowners like you get a new roof without all the worry. Deductibles are skyrocketing, and since it’s illegal to waive those fees, the financial burden of upgrading your damaged roof can seem overwhelming. But here at Roof Savers, we offer both financing options and referral fees to offset some of those upfront costs. Already filed a claim with your insurance? We are happy to utilize those insurance proceeds to get your roof the replacement it needs and your home stronger protection from hail. With over 23 years of roofing experience, Dave and his team are ready to help. Call us today at 303-710-6916 or go to RoofSaverCO.com to set up your free inspection. That’s 303-710-6916. Or go to RoofSaverCEO.com and stop worrying about your roof today.
SPEAKER 03 :
Better than a bank. That is safe boxes. Yes, they start at just $15 a month. They can customize your storage, really do whatever you need done. And again, they’re doing things that banks are really not doing and frankly in the future probably won’t do at all. 303-771-8000.
SPEAKER 10 :
Safebox keeps your treasured items protected better than any banker safe. From cash and gold to documents, jewelry, and even firearms, you will have peace of mind knowing your valuables are always safe. Typical home saves can be broken into within minutes, and many cannot withstand fires or other natural disasters. At Safebox, our vault is constructed with one-foot-thick, concreted steel walls, a bank-rate vault door, state-of-the-art security system, and 24-hour surveillance. We offer a range of seven sizes of safe deposit boxes starting at $15 a month. We also offer personal storage for long arms such as rifles and shotguns. We have taken immense safety precautions to ensure your possessions are always safe and secure, which has allowed us to become fully accredited and insured through AXA Financial, the third largest insurance company in the world. We offer 24-hour access by appointment, so you always have access to the things you value. Find out more about Safebox by going to klzradio.com today.
SPEAKER 03 :
Group Insurance Analysts, e-gia.com. Yes, they’re a broker. They will shop for you. Give them a call today, e-gia.com.
SPEAKER 17 :
Finding the right home and auto insurance can be confusing, and picking the wrong plan can cost you thousands of dollars more out of your pocket. You need an expert in home and auto insurance to help you find the best coverage that fits your needs and at the very best premium. Call Paul Denigro at GIA Insurance, and his team of home and auto insurance specialists will help you find the right plan for your needs. I’ll see you next time. Whether it is your home, auto, classic car, or liability insurance, GIA has got you covered. Call 303-423-0162, extension 100, or go online to e-gia.com. Get more without paying more.
SPEAKER 18 :
The best export we have is Common Sense. You’re listening to Rush to Reason.
SPEAKER 03 :
All right, we are back. Rush to Reason, Debra’s Afternoon Rush, KLZ 560. Kurt Rogers with us today. Affordable interest mortgage, his number directly, 720-895-0500. One thing we didn’t mention, Kurt, with all that last little bit about the rehab loan is we talked about it from the standpoint of you’re going to go out, find another home, sell your existing home, maybe your first-time buyer, whatever the case. There’s also a program for folks in their existing home, right?
SPEAKER 13 :
It does that on an existing home. So if you have a home now and you want to upgrade things, but you can’t find the extra payment, you can’t get approved to get the money on a credit card or through a credit union, you can do that same thing on a refinance. And again, they’ll go up to 110% of future value.
SPEAKER 03 :
That’s way different than even what a HELOC or anything like that would be.
SPEAKER 13 :
Yeah, I mean, they stop at 100%. When you start to think about, like before, they’re going to give you $525,000 on a house that you only paid $500,000 for. You have that extra money, and they’ll do up to 97% loan-to-value. So there’s no money you bring to the table, and you get to, again, personalize the home. You get that carpet. You get that new kitchen. You get that finished basement. And you don’t have to move. Let’s say you got this great rate on your mortgage, but your house you don’t like anymore and you’re thinking about moving. Well, you’re going to pay the rate somewhere else. Personalize this home.
SPEAKER 04 :
True. Good point.
SPEAKER 13 :
There’s so many advantages that this product has for you. It’s not for everybody, whether you’re buying or whether you’re refinancing. But if you see something and you’re willing to try this, you could actually make a home yours and make a lot more money.
SPEAKER 03 :
I would also think the way, just thinking out loud, some of the ways this could also work is maybe you’ve got a home in the family. Maybe it’s something that you may be inheriting to where you think, you know, maybe this is something family-wise that would work for us, but I never did like the way mom and dad had such and such done. Okay, could you use it for that situation as well?
SPEAKER 13 :
Yes. And if you buy the home and decide six months after you bought the home you want to turn it into a rental?
SPEAKER 03 :
You can’t.
SPEAKER 13 :
You can turn this into a rental.
SPEAKER 03 :
Okay. So for those of you listening, there’s a few other ideas for you on how you might make some of these things work internally, even family-wise, that maybe you’re struggling with, hey, how do we make such and such work? Well, call Kurt. He might have an option.
SPEAKER 13 :
Yeah, again, it’s not for everybody, but start to think about if there’s ways to get passive income, there’s ways to do things that you didn’t know about before. Again, the loan’s been around for a long time, but it fits the housing market now very well like the 2-1 buy-down.
SPEAKER 03 :
Okay, so question. As they look at their pre-approvals and they’re going to go out and shop for these types of homes, how does that work?
SPEAKER 13 :
They need to get a pre-approval, not a pre-qual. You and I have talked about the NARA ruling that came out last August and how that’s changed things. Realtors won’t – the buying agent will not show you a home. He has to sign a contract with you, so he won’t show you a home unless you have a pre-approval. And that’s not just saying that you call a mortgage broker and tell them what you make. That’s not a pre-approval. They’re basically going to want to see it because every time I have a client that’s buying a home, that listing agent calls me up and says, okay, I want to see it. What do you got? I want to know they’re done because we’re not taking the house off the market if they haven’t gone through the process. So pre-approvals are critical. There are ways of getting pre-approvals that are starting to become a little less expensive. Credit reporting fees have kind of gone up quite a bit. And there’s a thing we do that’s called a soft pull. So we can get a pre-approval with a soft pull, which never affects your credit.
SPEAKER 03 :
Which doesn’t hurt their credit.
SPEAKER 13 :
Yeah, we never show that we’re running the credit report.
SPEAKER 03 :
You know, I don’t think we’ve ever talked about that as well. Talk to folks about soft pull versus hard pull.
SPEAKER 13 :
A soft pull is what, and it was developed many years ago, basically for insurance companies, car insurance, home insurance, to see how you pay your bills on what kind of fees they’re going to give you. Again, we talk about FICO score with us, how it affects your cost of the loan, but it’s been affecting the cost on your car insurance and your home insurance for years. But they do a soft pull because a soft pull doesn’t show and cost you points. So you call me up, I can do a soft pull. I can get a real good idea of everything that I have for you so I can tell you where you’d be. I can then tell you, well, if you paid this credit card down a little bit, you’d move your score here and you would get this rate. You could save more money. So the soft pull allows me to do things like that.
SPEAKER 03 :
But doesn’t hurt the score. Because hard pulls can affect your score, correct?
SPEAKER 13 :
They can affect your score. And there’s another kind of misbelief. When you run your credit If you’re, let’s say you’re looking for a mortgage and you want to go to five different mortgage brokers, fine. And each one runs your credit. Each time that’s done on a hard pull, it’s only one score if you do it within a 30-day calendar month. Okay. But if you do it on the 25th of March and then you do it on the 10th of April, it’s two months. Okay. So it’s going to affect your score. Soft pulls eliminate that.
SPEAKER 03 :
Okay, so difference between soft pull, hard pull. How do we help folks get, and I know this is specific to individuals, we’re going to talk in very general terms now, but how do you help improve a score?
SPEAKER 13 :
Once I have your soft pull, I can look at it from the history, seeing what you owe on your credit cards, how you’ve paid them, what your balance is, what your high is.
SPEAKER 03 :
But if somebody has none and they really haven’t established much credit, what do they do?
SPEAKER 13 :
They need to go out and get some credit. They need to get a couple credit cards. Normally you have to have three pieces of credit for a two-year period of time. There are exceptions, but they’re that. They’re exceptions, not the norm. So getting a couple credit cards, having a car loan, those things are good. They will count your rent, not so much in your scoring, but they’ll count that as a debt and look at your score. Credit cards, whether it’s a $500 limit or a $5,000 limit, that’s not what’s important. What’s important is how much you’ve borrowed against that limit. So if you’ve got $500, you want to be at $200 to $250. Figure 40% is the number you want to be at. And you want to show you can make payments. Having a card and not using it isn’t giving you anything for your score.
SPEAKER 03 :
It says you have one, but you’re not doing anything with it, meaning you don’t know how to control it.
SPEAKER 13 :
Even if it’s only $25 a month. You fill your car up with gas and the bill comes in, pay it. Put it on the card, then pay it. For the first 30 days on a credit card, the interest is free.
SPEAKER 03 :
You don’t pay any. Yeah, and really the way to do that is when Kurt says pay it, here’s the catchphrase. And all credit card companies do this. Pay the outstanding balance only. not the whole card. You don’t have to pay to zero to raise your score. In fact, you don’t have to pay to zero to even keep from not paying interest. A lot of this has to do with even when does your card quote unquote cut? When does the statement come out? In fact, if you’re really doing things accurately and let’s say you’ve got a really big purchase coming up and all of a sudden you look and say, well, wait a minute, if I delayed that purchase just two days and and I do it after my cut, I’m now not even getting just 30 days to pay, but in some cases you may get 45 days beyond to pay, depending upon how things cut and the rolling of and so on. And if you play that game correctly, you’re using their money instead of yours for X amount of time for zero, for nothing.
SPEAKER 13 :
Yes, you are correct. It’s so easy to, if you’re paying attention to it, you don’t have to have a lot. You don’t need 18 pieces of credit. You need just a couple, three, but you need to manage them. Your credit score is determined about how you pay your bills, whether it’s $5 a month or 50 or 500. How do you pay it in relationship to how much you’re trying to borrow? And once you’ve proven a history of that, you get your score up to a 740, 760. It’s hard to get it to go down. Once it goes down, it’s a whole lot harder to get it to go back up.
SPEAKER 03 :
And by the way, for those that are trying to establish credit along those lines, in fact, I’m a big one on this. Here’s the other thing. Go find a card that rewards you, whatever your favorite thing is. If you like airline miles, if you like cash back, if you like dining out, whatever suits your fancy. Whatever it is. I tell all my business clients even this, I don’t care what it is. Whatever suits your fancy. Everybody’s got something that they like better than something else. Whatever it is, find that card that suits your fancy and then use it in a way to gain those rewards. You can still do that without paying any interest. And again, you have to be, and I know there’s some psychology that folks like Dave Ramsey will say, and I don’t believe Dave is wrong either. For some people, I say that, I want to be careful, because I do think for some people, they will spend more with plastic than they will if they pull cash out of an envelope. Okay, I get that. Although there are some people where literally, I’m one of those where I just look at the total. What’s this going to cost me? I understand money. I understand the value of. I know if this is $1,000 or it’s $800 or it’s $500 or whatever the case may be, I’m looking at that, and I’m not going to spend any more money if I was using a card versus if I’m using cash, because at the end of the day, it’s all coming out of my account anyways.
SPEAKER 13 :
It’s all coming out of my check.
SPEAKER 03 :
So at the end of the day, the money’s the money’s the money.
SPEAKER 13 :
I pay now, pay later. It’s the same money.
SPEAKER 03 :
But I understand where Dave Ramsey comes from at times because for certain people, yes, I do believe that they will spend more on plastic than they will on cash. And if you’re that person, well, you’re in a whole different realm and we’re probably going to have a different conversation anyways. But if you understand the value of money and how to use it correctly and you know that a dollar is a dollar is a dollar, and if I go charge it on my card that’s coming out of my account, well, then it all still applies.
SPEAKER 13 :
If you’re trying to establish your credit score, it takes a word that Ramsey talks about and how he displays it. It’s called discipline.
SPEAKER 04 :
Right.
SPEAKER 13 :
You have to discipline yourself when I’m spending that money on the card. I’ve got to pay it back over here so I don’t spend this cash I have over here.
SPEAKER 04 :
Right.
SPEAKER 13 :
Once you understand those basic principles, your score will go up. And your score can mean a whole lot on a mortgage.
SPEAKER 03 :
Yeah, what I’ve learned from you over the years and have known even for years because of buying a house when I was 23, I want to say, is I think the first house, about 22 or 23, something like that, and learning really quickly how important that was and doing your very best along the way to keep it up, which, by the way, being self-employed sometimes wasn’t always the easiest thing to do, but somewhere or another you figure out how to do that.
SPEAKER 13 :
Yep. It’s important to understand, and I’ll give you an example. Take a $500,000 loan. At a 700 credit score, if you’re going to do 80% loan to value, they’re going to charge you a quarter of a point. That’s $1,250. It’s going to be built into the rate.
SPEAKER 04 :
Okay.
SPEAKER 13 :
But if you have a 740, that quarter goes away. If you have a 680, it goes to a half.
SPEAKER 04 :
Okay. Okay.
SPEAKER 13 :
So it’s loan-to-value credit score. How does it work? And you start adding that up if you’re doing cash out, if you have a 680 score, if you’re doing non-owner occupant.
SPEAKER 03 :
What’s the upper end to where it doesn’t matter if you have X versus X? In other words, if you’ve got 750 or 800, is there any difference there?
SPEAKER 13 :
There is a difference, and we’ve talked about this. If you remember a couple years ago, they came out and said, the lender said, we’re going to charge people with, remember this? We want an evil playing field.
SPEAKER 03 :
We’re going to charge you more if you have that 800.
SPEAKER 13 :
That’s right. They were actually doing that for a period of time.
SPEAKER 03 :
Does that end it?
SPEAKER 13 :
They kind of softened that up because it was insulting people with 800 scores. They said, screw you, I’ll just pay cash.
SPEAKER 03 :
Yeah, at that point, why bother? Okay, so at least that has slowed down or softened or whatever because, yeah, I forgot about that actually until you just brought that up. Yeah, why would you penalize somebody for having an 800?
SPEAKER 13 :
Because you want to take that money and put it over here to help somebody else. That was their philosophy.
SPEAKER 03 :
That’s the nuttiest thing I’ve ever heard. But typically, is there any difference between 750 and 800? In other words, what’s that credit score to where once you hit that, you’re pretty much good to go no matter what? So say you’ve got a 780, for example. Are you pretty much good to go no matter what?
SPEAKER 13 :
You’re good to go at anything above a 760.
SPEAKER 03 :
Okay, anything above $760, you’re pretty much good to go. Okay, below that might depend upon who you’re talking to, right?
SPEAKER 13 :
You might pay a little bit between a $740 and a $760, but not much. From then on, every $20 going down starts to get expensive.
SPEAKER 03 :
Okay, so for those of you listening, there’s your guidelines.
SPEAKER 13 :
Yep.
SPEAKER 03 :
Okay. All right. Talk to us. I know we’ve got a few minutes left here. Self-employment, I always try to slip this in because I am one, and we’ve got a lot of folks like myself that I know listen as well, and I know a lot of them at times have struggled with, who can I get to actually help me get a mortgage put together? And I will be the first to admit, not every broker messes with it because it’s a lot of extra work.
SPEAKER 13 :
It is a lot of work. It’s understanding how banks look at your self-employment. Self-employed people, because I am one also, there are times I have good years, there’s times I have bad years. But I have to remember that I need to make sure that I make something. I know I don’t want to pay taxes, but when you start adding a half a point here and a point here, how much did I save over here to get to spend over here? Right. The thing that lenders look at on self-employed is the ability to be stable. So if you made $300,000 or $350,000 in 23 and then you made $200,000 in 24, they’re going to look at it as declining income and they’re not going to want to do the loan. I know how to get it done, but most people don’t understand how to get around that. declining income, meaning would your income decline more than 20% in a year?
SPEAKER 03 :
Yeah, because what they’re looking at is, well, you went from 350 to 200 or 350 to 250. What’s 2024 going to show, and is it going to be another big drop? In other words, is it going to continue to decline? That’s what they look at.
SPEAKER 13 :
Again, the risk says, the history says, and they don’t want to do the loan.
SPEAKER 03 :
You’re better off having a 300 and a 200 and back up to 280 than you are to not have anything go back up. Am I right?
SPEAKER 13 :
That is correct. One of the other things when you’re looking at trying to pay less taxes, one of the ways to do that but still keep your income up is under depreciation. If you’re depreciating the business out. That’s income, even though it means you made less and you pay less taxes because they’re going to get you on the other end. Right. But your income is staying there. So you’re stable. There are other loans designed for self-employed people because most self-employed people, after a couple of years, they got money in the bank. They understand the game. And there’s ways that I can take your bank statements and your assets that you have and qualify you for a loan.
SPEAKER 03 :
Okay. And I’ll just tell you straight up, there’s a lot of other mortgage brokers that have no idea what Kurt just said because they’ve never tried it. They don’t want to. They don’t want to mess with it. They’re not going to mess with it. They’ve just refused to mess with it. Am I right?
SPEAKER 13 :
It’s a lot of work. And you run across self-employed people so few times that it’s hard to stay up to date on it. I see it all the time because I’ve been working with you for a long time.
SPEAKER 03 :
And a lot of my people are. A lot of people are. A lot of my people, well, like begets like is what they say. And a lot of people listening are also self-employed, which by the way, I appreciate each and every one of you. I have a special place in my heart for self-employed individuals because I know the struggles that you guys all go through and what you have to do that most people don’t even understand because I’ve done it the majority of my, well, really all of my adult life since I was 22, I’ve been self-employed. So trust me, I know a lot of what you guys go through and The family struggles and you’re trying to raise a kid and irk out a living and still make the business function and you still need to put a roof over your head and, and, and, and, and. Yes, I understand all those things.
SPEAKER 13 :
I get it. And you have the responsibility of the people that work for you because they look to you to keep their job.
SPEAKER 03 :
Everybody says, well, you’re self-employed. You don’t have any boss. No, it’s the opposite. You have a lot of bosses. Every customer is your boss. All of your people working for you technically are your boss. The family becomes the boss. The banker is the boss. The creditors are the boss. I mean, the reality is, no, you went from one boss to multitudes of. You serve them. Yes. You think you don’t have any boss. You actually have quite a few. Now, it’s not the same, and I get that, but the burden in what you’re carrying being self-employed, yes, folks, I will tell you it’s far higher. I’m sorry to say it’s far greater than any of you that have a W-2 income.
SPEAKER 13 :
Yes.
SPEAKER 03 :
It just is.
SPEAKER 13 :
Yeah. And W-2 income folks sometimes think that they get to count all their W-2 income. If some of it’s bonus or overtime, unless you have a proven two-year history, they don’t count it.
SPEAKER 03 :
That’s a great point you just said, Kurt. Thank you for saying that.
SPEAKER 13 :
I mean, I like the idea you’re making all that money, but the banks, they need consistency for two years.
SPEAKER 03 :
That’s a great point you just brought up because some of you may be thinking, oh, I got W-2 income. Well, if you are a salary plus commission banker, W-2 person, that commission can get a little dicey at times, and you end up being somewhat self-employed at that point and end up falling into some of the same categories that I fall into. Am I right?
SPEAKER 13 :
That is correct. Now, since you brought that up, I just had a customer that I got last week. She’s had her own business for four years. She decided to go to work for one of the companies she worked for as self-employed. Keeping her business, she went over to them, and she’s now W-2’d. Normally you need a two-year history of income, but because what she did as self-employed, she went and got a W-2 job that was twice as much as what she was making self-employed. They’re counting all of it because she’s in the same line of work.
SPEAKER 03 :
Same industry and everything’s staying the same.
SPEAKER 13 :
It’s understanding how that works.
SPEAKER 03 :
Okay. All right. Disclaimers.
SPEAKER 13 :
NMLS, 217-147, regulated by DOOR, equal credit lender.
SPEAKER 03 :
And the phone number, 720-895-0500. Kurt, as always, it’s a joy having you. I appreciate you greatly.
SPEAKER 13 :
Appreciate it. We’ll be talking on Saturday.
SPEAKER 03 :
Any of you out there, by the way, just give Kurt a call, 720-895-0500. Golden Eagle Financial, speaking of all of this financial stuff, call him today. Find out how all of this equates into your future retirement plans as well. Al Smith, KLZ Radio. is where you find him.
SPEAKER 09 :
You wouldn’t set out for a road trip without a map and a plan. So don’t treat your retirement that way. Golden Eagle Financial will help structure what your retirement should look like because Al Smith has decades of experience helping people craft their own futures. You’re great at saving and disciplined enough not to touch it. But how is your money working for you? This is where Golden Eagle Financial can help you optimize your investing, helping your nest egg grow to more than offset inflation, transcending volatile markets and achieving the retirement you’ve always dreamed of. I’ll see you next time. by getting in touch from the klzradio.com advertisers page.
SPEAKER 03 :
All right, Flesh Law, and if you need anything civil, criminal, you name it, Kevin is there to help you with any of those needs. He’s not afraid to go to court, 303-806-8886.
SPEAKER 10 :
Here’s why you need personal injury attorney Kevin Flesch on your side. He understands the way the jury thinks. In the context of a personal injury case, you’ve been hurt by someone else’s negligence. The idea is that you’re going to try to recover so that you can get back to where you were just prior to that incident occurring. What that really means from a jurist’s perspective is that you’re going to be asking them to award you money. So when we talk about fairness, we’re talking about six people that you don’t know. Those six people view the evidence and make a unanimous decision that will decide what the fair value is. When you’re the one who’s hurt, you have a good idea of what you think it’s worth. The question is, can you persuade those other individuals whom you don’t know and were witnesses to believe that’s what the case is worth? Kevin Flesch understands the way the jury thinks. Call now for a free consultation. 303-806-8886
SPEAKER 03 :
All right, up next, Dr. Scott Faulkner. And as we talked to Dr. Kelly and Steve during the first hour, Dr. Scott’s name always comes up. He thinks exactly the way we do, not only through that hour, but what we do in health and wellness as well. And I should mention this more. If you’ve ever got a question directly for Scott, just give him a call. He is very kind, generous, is always willing to just stop and talk and figure out what your question is and get that answered. 303-663-6990.
SPEAKER 11 :
Are you tired of crisis care and instead want true health care? Do you want to improve your overall fitness and beauty? Do you have a chronic medical condition that no one has taken the time to understand? Are you trying to meet a health or weight goal? Or maybe you’re just looking for a great doctor who thinks the way you do. Dr. Scott is a board certified internal medicine specialist, bringing decades of experience and expertise to the table. Dr. Scott is a true advocate of the latest advancements in health care. That’s why he uses umbilical derived stem cells, which have been clinically proven to be the most potent stem cells available. Worried about being lost in the crowd of impersonal health care? Fear not. Dr. Scott is a big picture doctor, not beholden to big pharma or big insurance like some other providers. He takes the time to understand your unique needs and will customize your health care to fit you, your body, and your lifestyle. Reach your full potential and achieve your goals. Call Dr. Scott today at 303-663-6990 or visit him online at castlerockregenerativehealth.com or find him at rushtoreason.com. Dr. Scott Faulkner and Castle Rock Regenerative Health Care is your path to a healthier tomorrow.
SPEAKER 12 :
As independent brokers, GIA Insurance can help you shop the market so that you get the right coverage at the right price. Whether it is your home, auto, classic car, or liability insurance, GIA has got you covered. Call 303-423-0162, extension 100, or go online to e-gia.com.
SPEAKER 18 :
It’s time to leave your safe space. This is Rush to Reason on KLZ 560.
SPEAKER 03 :
And yes, please, if you’re self-employed and you need a good mortgage broker, Kurt’s not here listening to me, but I will just say straight up, you won’t find anybody that knows more about doing things for you that are self-employed than him. And I mean that sincerely. So by all means, give Kurt a call, 720-895-0500. All right, tomorrow, movie reviews. Andy will have Snow White and Ash, and then movie rental hour is going to be movies about fairy tales and fantasy because, of course, of Snow White. And no, Andy doesn’t really want to do that movie, but it is one of the top movies, of course, coming out of Disney, so it’s one of those things he really has no choice. So tune in, hear that tomorrow. Some of you may want to hear that just for your kids. Anyways, that’s it for tonight. Have a great evening. Rush to Reason, Denver’s Afternoon Rush, KLZ 560.
SPEAKER 1 :
Thank you.
