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Welcome show Jason Bible Texas real estate radio network I\'m here with Jennifer Hernandez of legacy mutual mortgage Hey I like have you on the show because it\'s a reality check for everybody yeah and what\'s really going on yeah what\'s really going on because you do like a gazillion loans a month so it\'s like we do a lot it\'s like Hey guys this is we were kind of talking well we talk last month and then we talked on and before the show today you know he you can hear it I hear to yeah this market\'s gonna slow down everything\'s gonna be. Back to normal and I\'m like I don\'t see it man. I mean we\'ve seen you know we\'ve seen referral volume slowed down a little bit that\'s usually a function of summer vacations and graduations and stuff but the buyers are very much still out there. And the sellers are I mean I mean in the not the it\'s all in the numbers right yeah that that podcaster the the weapon are that you sent me from that Adam data cutting out I keep sending the people about forecasting that. Values it\'s going to be several years before values really. So you think it\'s going to be a seller\'s market for 20 years this isn\'t a stop anytime soon you know the the number I keep looking at is builders are 10 year 10 years behind demand. I mean that\'s. Which is tiny houses sell like we\'re. 50 percent below supply means like what do you historically like what we got like 10 minutes inventory on the market you\'ll have a look at last let me pull up last H. A. R. E. it\'s it\'s absolutely insane and. I this whole idea that things are gonna get better and it\'s going to go back to how it was were was just super easy it\'s like it\'s it\'s not. We are seeing a lot of. Clients calling us about refinancing where they wanted to you know didn\'t state stay put stay in place remodel but then trying to get your house remodeled that\'s a whole other thank you know can we while you\'re looking that up yes you want to talk about that because some people might want to roll up salute yeah they start looking the price of housing to go why don\'t I just redo the kitchen or something yeah let\'s talk about how that product work let\'s talk about that so first at if it\'s an investment property you need to go through like a hard money lender like there\'s no reason there\'s no rehab loans through the conventional stuff that I do which is Fannie Mae Freddie Mac on yeah that\'s what\'s called jet landing and they\'ve got they\'ve got some for that yeah yeah but on your primary residence you can add in taxes you can cash out of your property up to 80 percent of the value so whatever the market value is now if you\'ve just acquired the property you have to wait 6 months you cannot pull cash out like let\'s say you buy it and you do put some work into it. Or for whatever reason you want to refinance it right away I you can\'t do that until 6 months pass it\'s like a cooling off period that lenders require took let values settle down or that\'s kind of the thought process behind going off period that\'s what it\'s called it\'s called a cooling off period I don\'t know it\'s that is the editor now use its it okay in the guidelines it\'s a cooling off period just in case because houses appreciating so much to pull cash out listed so that yeah they wanna make sure that things settle and just let things settle to make sure that. Copyright Mr. Texas Real Estate @ 2021