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Like the personal motivation that inspired him to enter the mortgage industry, his focus on veterans is also rooted in family ties. “My grandfather was a veteran,” he said with palpable pride. “He’s the reason we’re here,” he said, describing how his grandfather petitioned to have his family move to the US from the Philippines. “My heart goes out to the people who serve us well like my grandpa.”
Dio said he attempted to follow in his grandfather’s footsteps by applying for service in the Navy before being rejected for not meeting height and weight standards. “I was kind of in the fat arena,” he said with a chuckle, but added he feels his focus on veterans allows him to support the military in his way.
Buy now, refinance later
His passion for educating also manifests itself in monthly seminars in his community where he advises would-be homebuyers. He advises those who are waiting on the sidelines for rates to go down to act if they otherwise qualify for a home.
“By waiting, it’s costing you more,” he said, referring to advice he imparts at his homebuying seminars. “Rates are rates, we don’t know what they will be like. However, while waiting for the rates to go down, you have the opportunity to have equity appreciation over time, and that’s something a lot of people are missing out on. Not to mention the tax incentives that you’re losing while waiting.”
He invoked the example of a physician client who had his eyes on a home priced at $520,000, less than the median value of around $570,000 for the area. The doctor decided to wait until a recession emerged, envisioning swooping down to buy the property at a much lower cost. “The same $520,000 home he canceled out the escrow on after two years is now $800,000.”
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