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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Mortgage Expert Predicts Fed Rate Hold, Advocates for Late-Summer Cut
Matt believes the Fed will hold rates steady this month but should signal a late-summer cut. He notes, "Mortgage rates don’t fall in lockstep with Fed cuts anymore." A Fed cut often acts as a psychological boost rather than a direct rate reducer, with potential 15–30 bps relief expected. -
Federal Reserve's Ripple Effect on Mortgage Rates Explained
Matt explains that while the Fed doesn't set mortgage rates, its policies affect mortgage-backed securities, influencing long-term fixed rates. ARMs and HELOCs adjust faster, linked to short-term rates. For those 50+, Matt advises focusing on personal liquidity and life cycle timing over market timing, as many regret not acting when terms suited their life stage. -
VA Loan Insights: Expert Tips and Misconceptions Unveiled
Matt shares that VA loans offer "0% down, no PMI," and are forgiving on credit issues. Veterans should consider conventional loans if they have 20% down and short-term plans. Misconceptions include the belief that VA loans are slow or single-use. Matt advises veterans to clarify their financial stability in offers and verify funding fee exemptions.
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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.