fha: Marketing on Steroids! - 02/08/10 09:16 AM
In a changing market, the question becomes, "Have I adjusted to the changes?" Your Home Loan Partners of Pan American Mortgage, would like to show you just how you can enhance your marketing with little cash out of pocket. We would also like to share with you some changes taking place with FHA financing in the very near future. Finally, isn't it time that you understand the future of Condo Financing. Join us this Friday as we will discuss this and more in our Mortgage Training for Realtors Free Online Training. Hope to see you there! Watch this short video below … (1 comments)
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fha: Did You Miss It? - 02/02/10 01:16 PM
Your Home Loan Partners, is pleased to present Mortgage Training for Realtors each and every month to help you stay abreast of changes and trends in Financing Mortgages. If you missed our January Event: What Realtors Need to Know About RESPA 2010, please feel free to listen in on the replay of this event. This is a re-play of a live training. For more information on our upcoming events, visit www.mortgagetrainingforrealtors.com Cecelia Marlow PanAmerican Mortgage, LLC Senior Mortgage Consultant 773-782-6000 Direct 877-588-6956 Toll Free www.yourhomeloanpartners.com www.mortgagetrainingforrealtors.com www.myhomebuyereducation.com … (0 comments)
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fha: Are You Ready to Buy? Free Online Buyer Training! - 02/01/10 09:26 AM
773Are you a buyer that has questions about the homebuying process? Then you don't want to miss our FREE Online Training for buyers. Watch the video below to find out more information on how to register or visit us at www.myhomebuyereducation.com This FREE Online Training is brought to you buy Your Home Loan Partners of Pan American Mortgage, LLC! See You There! Cecelia Marlow PanAmerican Mortgage LLC Senior Mortgage Consultant 773-782-6000 Direct 877-588-6956 Toll Free www.yourhomeloanpartners.com www.myhomebuyereducation.com … (1 comments)
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fha: The Secret To Closing More Deals in 2010 - 02/01/10 09:21 AM
So the market has changed, but what have you done to keep up with the changes? Change is inevitable and we want to help! Click on the video below to find more details! www.mortgagetrainingforrealtors.com This Free On-line Training for Realtors is brought to you by Your Home Loan Partners (YHLP) of Pan American Mortgage, LLC. Cecelia Marlow PanAmerican Mortgage, LLC Senior Mortgage Consultant 773-782-6000 Direct 877-588-6956 Toll Free www.yourhomeloanpartners.com … (4 comments)
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fha: Should You Expect This From Your Loan Officer? - 01/26/10 09:43 PM
As a seasoned loan officer, I hear so many horror stories from Realtors about their loan officer that didn't call them back, or the client who didn't hear back from their loan officer after they looked at their credit. I have often wondered over the years, why some people entered this business and decided to put together a quick video that I believe gives some of the basic principles that should be expectations, rather than exceptions when dealing with both clients and professional partners. Feel free to share with others who are in the homebuying process. Also feel free to visit … (2 comments)
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fha: What Every Borrower Should Know after They Have a Signed Contract! Feel Free to Share! - 01/25/10 08:41 AM
So what happens after you have a signed contract to purchase your new home? We will share with you here what every homebuyer should know once they are fully vested in the process of homeownership. Be sure to visit our website at www.yourhomeloanpartners.com for more information on other important things you need to know about buying your new home. Your Home Loan Partners PanAmerican Mortgage, LLC Cecelia Marlow Senior Mortgage Consultant 773-782-6000 Direct 877-588-6956 Toll Free … (3 comments)
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fha: FHA Anticipates Change in 2010......... Are You Ready? - 12/10/09 10:21 AM
If you've been reading any of the financial digests lately, you may have heard that FHA is running low on funds. FHA has increased their market share to 30% of all home loans and about 20% of all refinances. While this is a good thing the default rates for FHA have also been increasing depleting their cash reserves. With this in mind, I think it is best that we begin now to prepare ourselves and our prospective clients for changes that may impact the way we do business with FHA for the upcoming year.
•1. Down payments with FHA are currently … (0 comments)
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fha: Shoulda, Coulda, Woulda...... - 10/22/09 09:41 AM
$8,000 Tax Credit ....... Free Money for your family. As of mid-September statistics show that more than 51,000 Illinois families have taken advantage of the $8,000 Tax Credit for 1st Time Homebuyers in IL. Nationwide, according to the National Association of Realtors, between 1.8- 2million new homeowners will have taken advantage of the credit this year. If you haven't taken advantage of the credit this year, you still have time, but here are a few things to keep in mind.
•1. Short Sales: If you are going to meet the deadline of Nov.30th, know that your negotiation process will need more … (0 comments)
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fha: $100 Down Payment Initiative for HUD REO's - 08/14/08 11:00 PM
Did you know that buyer's can buy a HUD REO with as little as $100 Earnest Money. This may be good news for some. The Atlanta Homeownership Center approved the use of this initiative for Illinois and Indiana for purchaser's using FHA financing. This is specifically geared towards Owner Occupants, effective date Oct. 5, 2007.
This incentive is not available unless it is presented on the executed contract presented to the closing agent. For more information visit www.hud.gov click on HUD Homes and choose your state to see if it is applicable there. This is a great incentive for Illinois and … (3 comments)
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fha: FHA $$$$ for REO's and Bank Owned Property that need work! - 08/14/08 10:16 PM
As a professional one of the most important things we can do is stay abreast of the changing market and flow with the tide. The Chicago Real Estate Market, has become saturated with REO (Real Estate Owned) and Bank Owned Properties. However, many people that I talk to don't know how to get to optimal financing for these properties. With an FHA loan the property must be habitable and structurally sound. With a Conventional loan, the client needs at a minimum 5% down and most MI (Mortgage Insurance) Co., want to see 10% down and a sizable amount of reserves. … (2 comments)
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fha: Help!!!! My Credit Score Sucks! - 03/27/08 10:01 PM
In today's credit driven society, it is imperative that we begin to understand and leverage one of our most personal assets, "Credit." In short, your personal credit score is a key component used to determine if you are a good risk to lending institutions. Moreover, it will determine how much you will pay for items you finance, including a new home, an auto, and even insurance premiums for these items. However, credit is also a factor in determining your career options, and the ability one will have in pursuing career aspirations in any kind of financial service related field. In … (2 comments)
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fha: How Much Home Can You Afford? - 03/09/08 10:17 PM
How Much Home Can You Afford?
The single most important part of buying a house is figuring out how much you can realistically afford to pay.You'll have to take a good look at your budget, debts, credit reports, and credit score. Once you have a good picture of your financial status, start saving as much money as you can for a down payment, closing costs and other extra expenses that come along with buying a house. Extra expenses could include paying for a home inspection (around $300 - $500 depending on where you live) or hiring a moving company after the … (0 comments)
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fha: Oprah's New Book Pick 3.5 Million Sold!!!! - 02/28/08 11:31 PM
I'm not sure if any of you have read Eckhart Tolle's book, A New Earth, but it is climbing the charts fast. 3.5 Million copies have been sold thus far. Being a Chicago native I have to say that I love the positive impact that Oprah is having on the world and in millions of people's lives. If you've read her new book pick please share your thoughts with me. It is reported as the fastest selling book ever at Barnes and Nobles. She is also offering an online course for 10 weeks which sounds pretty cool too! I am just … (4 comments)
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fha: 100 New Prospects in Less than 5 Days!!!!! - 02/27/08 09:36 PM
This post is just to give hope to everyone in the business and to the media and to those who think the Real Estate Market is dead and to the buyers who are still waiting! I am in the Chicago Real Estate Market and decided to think outside the box a little bit. I kept reading how mortgage applications were down and how even though interest rates were low, people still aren't biting. So, I thought I would share a marketing strategy with you to help you generate some business both on the Real Estate Sales side as well as the … (7 comments)
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fha: Is Your Mortgage Professional Really a Professional? - 02/13/08 01:16 AM
In today's ever changing market it is extremely important that buyer's and realtors work with a MORTGAGE PROFESSIONAL! I can't begin to tell you how many times I get a disgruntled client on the phone who has been through numerous originators who call themselves professionals. This post is not to bash those of us who are out there working and really making sure our clients have the best service possible. However, it is to give those who are looking to build new relationships and buyer's looking to purchase a home or investment a few tips, so here they are:
1. Ask … (8 comments)
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fha: Low Interest Rates....Massive Inventory! Win-Win for Buyers! Pt.1 - 02/06/08 04:09 PM
If you have thought about purchasing a home or are contemplating a move soon, now may be a good time to get the process rolling. Although the media is constantly talking about "The Mortgage Meltdown" and "Increasing Foreclosures" what they have failed to say is who this market actually benefits, so let me help them out.
We are currently experiencing mortgage rates at an all time low! This means that as opposed to one to two year's ago, buyers have the opportunity to save ten's of thousands if not hundred's of thousands of dollars on the life of their … (0 comments)
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fha: New Construction Bronzeville! - 02/05/08 12:12 AM
<script src="http://track3.mybloglog.com/js/jsserv.php?mblID=2008020423030777" type="text/javascript"></script> … (0 comments)
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fha: Elegant South Loop Townhome! - 02/05/08 12:06 AM
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fha: Here we go again.....FICO & The New Credit Scoring Model - 02/02/08 11:25 PM
Back in June a new credit scoring model was announced, but the rollout date was not supposed to be finalized for sometime. It's looks like we are quickly approaching that time and here's what we know thus far.
1. Scores will still range from 300 to 850.
2. It will still take into account the same factors as before, such as timely payment history, length of credit history, amount of debt, and ratio of debt available to credit.
3. The big changes include: Authorized User's. An individual will no longer get credit (receive an increase) in their own credit score as the result … (8 comments)
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fha: Foreclosure.....HELP! - 02/01/08 03:25 PM
"5 Ways to Save You or Someone You Know from Foreclosure, w/o getting scammed!"
Problem: In 2007, homes in foreclosure were up 79% an alarming rate.
Reality: This is such a personal tragedy, that many people don't reach out for help until it's too late, and then they don't know where to look, if they don't just give up at all.
Invitation: GET HELP! Don't lose such a valuable asset that you have worked so hard to achieve.
Solutions:
Start with your mortgage company. Most lender's DO NOT want your home, is too costly for them. They have work out options available.Ask a family member … (3 comments)
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