legacy group: How to Get More Referrals- Part 1
- 06/10/11 08:39 AM
I have been asked the question a fair amount over the years. “How do you get more referrals from your clients and referral relationships?” There are really several ways and I could say its complicated but it really is not. You can network and have several referral partners such as CPA’s, financial planners and realtors. I only work with a select few so the majority of my referral’s come from my clients. But the referral partners I do work with trust me and know when I am working with one of their clients, I make sure they are given first class … (5 comments)
legacy group: How to Buy a Home with 3% Down and NO Mortgage Insurance
- 06/09/11 12:04 PM
For those of you who are in the process of saving or shopping for a new home I have great news! Fannie Mae has a special program called-HomePath Mortgage which allows a borrower to purchase a Fannie Mae-owned property with a down payment as low as 3% with No mortgage insurance, flexible mortgage terms, No Appraisal needed. Expanded seller contributions to closing costs are allowed. Breakdown of Benefits to You, the Borrower Down payment as low as 3% and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only). Down payment (at least 3 percent) can be funded by the borrower’s own savings; … (0 comments)
legacy group: How to Improve your Credit Scores
- 05/03/11 07:26 AM
As you may know your credit score is an important factor in determining the overall cost to your mortgage loan. Interest rates are priced based on the middle of your 3 credit scores. The 3 major credit bureaus have an automated system that determines your credit scores based on several primary factors. The factors are: 35% is based on your payment history for all your accounts 30% is based on the amount you owe on revolving accounts like credit cards 15% is based on ow long you have been using credit 10% is based on your applications for new credit … (0 comments)
legacy group: Fannie Mae and Freddie Mac won't write down your loan balance
- 05/27/10 01:09 PM
The Federal Government's pressure to get loan servicers and investors to reduce homeowners loan balances is getting heavier but the two biggest owners of mortgages are not listening. Fannie Mae and Freddie Mac who are controlled by the Government are not in the business of lowering the principal balance on the loans they own. They may modify your loan and lower the interest rate though. The Obama Administration has said they would require loan servicers to "consider" lowering balances on troubled homeowners mortgages. Essentially Fannie and Freddie would have to use tax dollars to supplement the losses of the write downs. … (0 comments)
legacy group: Are interest rates on the rise soon?
- 03/29/10 10:09 AM
The biggest question I get is where are interest rates headed? Well I believe they will start to gradually increase soon. There are a few reasons for this but the biggest is the Fed will soon stop their mortgage backed security buying program and start to sell them. This will push rates higher. In fact Ben Bernanke talked about this last week. I do believe that many people will regret waiting to better their financial situation for the long term if they don't act soon. So far inflation has been subdued but how long will this last? Eventually with all the … (4 comments)
This is my blog all about the world of Mortgages and financing.
I will cover a variety of topics from what is happening in the current housing and mortgage market to how this affects you and your finances and what you can do to put yourself in a better situation financially.
God Bless,
Dan Chapman
I have been asked the question a fair amount over the years. “How do you get more referrals from your clients and referral relationships?” There are really several ways and I could say its complicated but it really is not. You can network and have several referral partners such as CPA’s, financial planners and realtors. I only work with a select few so the majority of my referral’s come from my clients. But the referral partners I do work with trust me and know when I am working with one of their clients, I make sure they are given first class … (5 comments)
;)
;)
