We’re here today to shine a light on a wonderful lender we love working with, Ali Reda. Recently, we bought a property, and out of three lenders we consulted, Ali had the lowest rate by far and was the most fun to work with.
Anyone who’s had the pleasure of working with Ali knows he’s stellar at what he does, but here’s something most people don’t know about him: He’s a tri-citizen—his parents were born in Egypt (making him an Egyptian national by default), he was actually born in Toronto, and he now lives and works in the U.S.
Keeping track of three different passports can be challenging, but at least he doesn’t have to file taxes in three separate nations!
What does Ali expect to see in the mortgage business in 2020? We’ve been in a low-rate environment for quite some time now, and he says that several signs actually point to a continuation of that.
When you couple these low rates with rising values, it paints a vibrant picture in the world of lending; many will enter the market this year, and many more will find conditions favorable for a refinance.
Here’s an example that illustrates Ali’s expertise: Recently, a veteran whose home purchase we helped with four years ago was exploring a refinance, among other financial options. Initially, he approached Ali about getting a lower rate. Upon reviewing his full financial portfolio, Ali found a lot of looming debt scattered around, which caused this client to pay a ton in interest across the board.
Ali helped the vet utilize a VA loan to consolidate all of his debt, ultimately saving him over $1,000 a month. Prior to meeting with Ali, this man was set to pay his home off in 22 years; Ali took him down to 10 years—with the same payment.
Clearly, this lender knows what he’s doing! But how will he fare in our lightning round? Here’s Ali’s answers:
- Music or podcast? Podcast. 888-Barbara is always a good one.
- Iced coffee or hot coffee? Actually, no coffee… (absolutely crazy, considering that Ali gets up just before 5 a.m. and works out at 5:30).
- Movies at home or movies at the theater? At home, if I’m with my little man. Otherwise, I like the theater experience.
- Mornings or evenings? Definitely a morning guy.
- Football or baseball? Football.
If you’re looking for more information on interest rates, or you’ve been considering a refinance, reach out to Ali at 612-940-6722 and areda@envoymortgage.com.
Click here if you’d like to apply now.
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