Matt Schwartz | Source | Mortgage Broker at VA Loan Network
Matt Schwartz
Matt Schwartz, owner of Southlake Loans, brings over 20 years of experience in the mortgage industry, offering personalized lending solutions to meet the diverse needs of his clients. Known for his expertise in VA loans, FHA loans, and conventional loans, Matt is dedicated to providing transparency and education throughout the mortgage process. His company, Southlake Loans, has earned a reputation for exceptional customer service, especially in helping veterans and first-time homebuyers navigate complex mortgage options. Matt’s hands-on approach ensures that clients secure the best possible rates and terms in today's competitive market.
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VA Loan Network (https://valoannetwork.com)
Mortgage Broker
started Jul 2021
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MLS Transparency Threatened by Major Real Estate Mergers
Matt warns that mergers like Rocket with Redfin could accelerate pocket listings, reducing MLS transparency. "Fewer players don't just lower inventory—shifts negotiating power, pushes prices up," he says. This consolidation may limit housing options and create a two-tiered market, eroding affordability and fairness. -
Act Fast: Mortgage Solutions for Struggling Homeowners
Matt advises, “Silence is the worst thing—act early to keep options open.” He suggests evaluating your financial picture to find solutions like partial claims for FHA/VA loans or refinancing for conventional ones. Consider a HELOC if equity is secure. Avoid assuming lenders only want to collect; many have teams to help, but persistence is key. -
FHA Cash-Out Refinance: A Divorce Financial Reset
Matt highlights that FHA cash-out refinances offer a clean financial reset, allowing one spouse to retain the home by buying out the other's share. With flexible credit and equity requirements, it protects the departing spouse from liability and can be faster and less emotionally taxing than selling, especially with children involved.
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A temporary buy down allows funds to be applied to either the principal balance or refunded if the loan is refinanced before the buy-down term ends, benefiting borrowers either way. In contrast, a permanent buy down reduces the interest rate for the loan’s life, but once the loan is paid off or refinanced, the benefit is lost. Temporary buy downs are best when covered by the seller, and with permanent buy downs, it’s crucial to ensure you’ll keep the loan long enough to recoup the upfront costs, especially in a fluctuating rate environment.