Wealth Building Coach (Mortgage, Insurance, Credit Repair)-Dmitry Perlovich

What is all the BUZZ about Purchase Reverse Mortgage

Open Mortgage LLC — Fri, 24 Apr 2009 07:06:59 -0700

It is new, it is exiting, it is REAL... Reverse Mortgages are now available for purchase in ONE single transaction. People no longer have to buy first and refinance later. Doing Reverse Mortgage purchase in a single transaction will save money.

Let's look at an example:

Mr. Jones wants to downsize and purchase a smaller home. He is 71 years of age. He has 2 options

Option #1

Purchase home by obtaining conventional loan and then refinance that loan into reverse mortgage.

This option is great, however now Mr. Jones has to pay closing cost twice.

Option #2

Mr. Jones can purchase home in one single transaction without paying closing cost twice.

Reverse mortgage is great option for many seniors because it is often difficult for seniors to secure conventional financing. Many conventional lenders are now looking for plenty of income, great credit scores, and a hefty down payment. Reverse mortgage, on the other hand does not take into consideration credit, income, or assets. However, It does require a hefty down payment.

The best thing is that when a senior purchases home with a Reverse Mortgage he/she will never have to make a mortgage payment for as long as he/she lives. Even though there are many reverse mortgage programs out there, it is very important to consider Government backed reverse mortgage called HECM.

We have been working with reverse mortgages for over 7 years and we only concentrate on Government backed reverse mortgages (HECM)

If you have any questions, the best way to contact me is by e-mail dperlovich@yahoo.com or phone 386-627-1348

Why do Mortgage Rates go up when Fed cuts the Rate?

Open Mortgage LLC — Fri, 06 Jun 2008 14:07:01 -0700

When Fed cuts the rates my office is swamped with borrowers who are calling to see if they can get a better rate. Many of them are surprised that Mortgage Rates went up instead of down. Luckily, I always lock rates as soon as I can. To me as a mortgage professional, predicting the direction of the rates is not a game. Most mortgage professionals are not bond analysts. More importantly, I've been in the business long enough to see rates go up 6 times in 1 day by a total of 1.5%.

Let me shed some light on this subject:

The reason why mortgage rates go up when Fed cuts the rates is pretty simple. There is absolutely NO relationship between rates controlled by Federal Reserve and mortgage rates. Only very inderect relationship.

The Federal Reserve controls the rates they charge banks to borrow money and the rates banks charge when loaning money to each other for very short terms. These rates sometimes directly have an effect on credit card rates and Home Equity lines of credit. However, these rates have no effect on regular 30 Year Loans or FHA loans. Fed rates are linked to short term bond. However, mortgage rates are linked to longer term bonds. The most popular index is 10 Year Treasury bond. You can actually go on internet and trace that index using any financial websites.

Mortgage rates are somewhat lagging behind Fed rates and might eventually get lower. However, that could take a while. Immediate impact is almost always the increase of mortgage rates when Fed cuts the rate. Later on the rates usually return to where they were and might eventually fall.

So there you have it.

Who is the next person you know who is looking to purchase new or refinance their existing home in Palm Coast, Ormond Beach, Daytona Beach, Orlando, Miami, St. Augustine or anywhere in Florida. I also can help customers from New Jersey, Tennessee, California, Georgia, Arkansas, Colorado, Illinois, Indiana, Iowa , Kansas, Michigan, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Wisconsin.

I proudly serve Palm Coast, Flagler County Florida Waterfront and Golf Communities, Hammock Beach, Hammock Dunes, Ocean Hammock, Cinnamon Beach, The Conservatory at Hammock Beach, The Gardens at Hammock Beach, Yacht Harbor Village, Grand Haven, Palm Coast Plantation, The Sanctuary, The Tidelands, Canopy Walk, Oceanside Luxury Condos, European Village, Palm Coast Resort, The Surf Club, and More!

Tips for Saving Money

Open Mortgage LLC — Thu, 05 Jun 2008 13:51:33 -0700

We can all follow these tips for saving on expenses. I hope you find them immediately useful. You may want to share them with your friends and family.

Buy in bulk whenever practical and possible.

Never buy extended warranties or service contracts.

Buy a used car that's almost new for a fraction of the original sticker price.

Shop alone for grocery/household goods and take a list. Be a comparison shopper.

Never shop when you're hungry, bored, or down in the dumps. It can cost you plenty!

Take advantage of coupons, rebates and mail-in offers.

Wait for the sale. Everything goes on sale eventually.

Reduce your water-heater temp from 145-120°F and save 10-15% on your next bill. Better yet invest in your future and buy or build an Energy and Water Efficient Certified "Green" Home.

Go to matinees instead of evening moves. Or wait to rent the video.

Maintain good records. Keep your receipts. Record your cash spending.

Give gifts that don't cost out-of-pocket money such as baby-sitting, etc.

Lower your tax withholding. Why give the IRS a free loan while you're paying an average 16% interest on your debts?

Increase the deductibles on your automobile insurance. A $500 deductible compared to $100 could lower your premiums on comprehensive insurance by 25-30% a year.

Have an Energy and Water Efficient Certified "Green" Home. Imaging the saving of 50% or more on your water, gas and electricity bill.

Save hundreds of on Homeowners Insurance by owning a Certified "Green" Home in Florida.

Are You a Real Estate Agent ?

e-mail me to learn about income opportunity

P.S. "Who is the next person you know"? You give me the greatest compliment when you send those you care about to me. I am 100% committed to providing you and those you send to me the quality of service that improves your life. A referral is sending someone you care about to someone you respect.

There is no cost or obligation to have a mortgage consultation. It's as easy as a phone call. Just call me, Dmitry Perlovich, at Dimper Funding at 386-627-1348 between 10 am and 6 pm Monday through Friday. I am looking forward to becoming your mortgage consultant for life.

I help clients who are looking to purchase new or refinance their existing home in Palm Coast, Ormond Beach, Daytona Beach, Orlando, Miami, St. Augustine or anywhere in Florida. I also can help customers from New Jersey, Tennessee, California, Georgia, Arkansas, Colorado, Illinois, Indiana, Iowa , Kansas, Michigan, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Wisconsin.

It is now easy being "Green" !!!!

Open Mortgage LLC — Wed, 04 Jun 2008 10:28:15 -0700

I've been in the business for a while and I have never seen the product so wonderful. After visiting all the models I was truly impressed with the quality of the construction, amount of the upgrades, beautiful landscape( featuring unique sprinkle system), and the overall supreme structure. I loved it so much that I am planning to build one of the homes on my own lot.

What impressed me the most? Utility Bill - with the gas and water prices going steadily up you will appreciate a bill that is less than a half of the regular amount for the smaller home.

I almost forgot, you can build this Hurricane and Tornado Resistant, Energy and Water Efficient Certified "Green" Home for the price of Foreclosure.

Imaging building your brand new dream home or buying an existing never lived in model for the same price as a down the street 2-3 year old, beaten up with some questionable stains on the carpet shortsale.

For all of you who are thinking about moving to Florida or looking for a vacation, second home or investment property this is by far the best choice.

Follow the link http://www.yourfloridagreenhome.com/ and see for yourself.

Time is right! Lower construction prices and better quality! Lower interest rates! We can even help you choose perfect location for your New Dream Home. Whether it is on the water or golf course, acreage or upscale community, whatever your preferences are we will help you find it. We also provide excellent financing options.

Are you are looking for Security, Comfort, and Peace of Mind? I invite you to visit us at www.yourfloridagreenhome.com or contact me now.

Telephone: (386) 627-1348

Website www.yourfloridagreenhome.com

E-mail: dperlovich@yahoo.com

What Does My Credit Score Mean?

Open Mortgage LLC — Mon, 02 Jun 2008 13:01:57 -0700

The concept of credit started back in 1956 with two men named Bill Fair and Earl Isaac. Fair, a mathematician, and Isaac, an engineer, founded the Fair Isaac Company; otherwise, known to us today, as the FICO score. This credit system has standardized the way the financial industry extends "credit".

The 3 National Credit Bureaus:

1. EXPERIAN - uses the Fair, Isaac Model
2. EQUIFAX - uses the Beacon scoring Model
3. TRANS UNION - uses the Empirica scoring Model

EXAMPLE:

Experian	720
Equifax	657
Trans Union	717

In this case, 717 would be the middle score.

Credit score rating:

EXCELLENT	850-730
GOOD	729-680
FAIR	679-620
POOR	619-500
NO FEDERAL FUNDING	500 and below

These scores represent a composite of the borrower's credit history, employment, ability to save, and so on. The higher your score, the more chance you have of receiving credit with a low interest rate.

When lenders review one's credit score, it's reviewed by an underwriter. The underwriter and credit scores are assessed and rated by the following criteria:

Lifestyle History

How long you've lived at your residence
Do you own or rent (Owning property earns extra credit)
How long you've been employed at your current job
Education level (College Education earns extra credit)
How much money earned and how credit has been used

Payment history

Public record and collection items (means lower credit rating)
Severity, recent and frequency of delinquencies noted in trade line section

Outstanding debt

Credit history
Number of balances recently reported (more credit lines / higher risk grade)
Average balance across all trade lines (balances 60% max / higher risk grade)

Pursuit of new credit

Number of inquiries and new account openings in the last year
Amount of time since most recent inquiry

Types of credit in use

Number of trade lines reported for each type
Bankcard
Department store cards
Personal finance company references
Travel and entertainment cards
Installment loans

Quick 'Improve Your Credit Score' Tips:

Bring credit cards balances below 40%
Close Credit Cards you do not use
Contact Dmitry at 386-627-1348 or e-mail dperlovich@yahoo.com to help you understand and improve your credit report

My job is to promote and educate the importance and meaning of credit worthiness. My commitment is to establish long term relationships with my clients by implementing tested Legal methods to improve their credit.

Request your FREE credit rating

I'm looking forward to providing you with the best home loans to meet your needs! Please share this information with your friends, co-workers, and neighbors and when you hear anyone talking about a home loan or credit challenges they might be facing please pass my information to them. Your referrals are a blood life of my business.

Some Credit card Rules

Open Mortgage LLC — Fri, 30 May 2008 12:21:08 -0700

Credit Card Guidelines

Limit yourself to 1 or 2 credit cards. A Visa or MasterCard covers most purchases. Shop around for low-fee or no-fee bankcards.

Record your charges in a memo book so you don't lose track of your spending.

Put a limit on your spending-don't let the credit card companies set it for you.

Spend no more than 20% of your monthly take-home pay on consumer debt. This includes car loans and credit cards, but excludes rent or mortgage payment.

If you are heavily in debt from credit cards, you may need to develop a repayment plan with your creditors or enlist the help of a professional.

Use savings as an alternative to credit cards. Too many people are forced to use credit cards in an emergency because they have no savings. Change your spending and saving habits. Begin saving to establish a fund with at least 6 months' income. Use the money only in an emergency, and pay back that money as you would a bill.

Know your goals and plan accordingly. Know what you want out of life. Begin by writing down your goals, a timeline for achieving them and the approximate costs. Then determine which goals are important, and focus on the high-priority items.

For a list of the lowest credit card rates, visit bankrate.com.

Everything starts with credit. Having good credit will insure low interest rates on credit cards, car loans, and mortgage. People with good credit will save more money and ultimately make more money.

For a FREE credit analyses e-mail me at dperlovich@yahoo.com or

call me at 386-627-1348.

I'm looking forward to providing you with the best home loans to meet your needs! Please share this information with your friends, co-workers, and neighbors and when you hear anyone talking about a home loan please pass my information to them. Your referrals are a blood life of my business.

Confused about Mortgage Insurance?

Open Mortgage LLC — Thu, 29 May 2008 23:50:12 -0700

I want to help you compare borrower-paid mortgage insurance (BPMI) and lender paid mortgage insurance (LPMI) because soon you may be faced with choosing between them.

Borrower-Paid Mortgage Insurance

Lender-Paid Mortgage Insurance

Buyer purchases insurance and pays the premiums along with the mortgage

Buyer pays 8% mortgage rate and 0.5% for mortgage insurance

Can be canceled if borrower pays down loan's balance to 80% of present value

Premiums are separate from interest and are not deductible

Lender purchases insurance and buyer pays as part of monthly house payment

Buyer pays 8.5% for loan which includes insurance

Cannot be canceled because it's calculated as part of mortgage rate

Premiums are part of overall rate and are interest and tax deductible

Your choice could depend on several factors. The key questions to ask yourself are...

• How long do I expect to remain in this house and this loan?

• What kind of appreciation can I expect?

Give me a call at 386-627-1348 so we can determine the best type of mortgage insurance for you.

Click here for your FREE information.

There is no cost or obligation to have a mortgage consultation. It's as easy as a phone call. Just call me, Dmitry Perlovich, at Dimper Funding at 386-627-1348 between 10 am and 6 pm Monday through Friday. Or e-mail me at dperlovich@yahoo.com. I am looking forward to becoming your mortgage consultant for life.

A Little Quiz for You?

Open Mortgage LLC — Wed, 28 May 2008 16:01:43 -0700

Here's a matching exercise to help you learn some mortgage terms:

1. ___ Appraisal

2. ___ Up-front charges

3. ___ Closing

4. ___ Closing costs

5. ___ Deed

6. ___ Earnest money

7. ___ Mortgage note

8. ___ PITI

9. ___ Points

10. ___ Title insurance

11. ___ Conventional mortgage

A. Right of ownership and possession of a property.

B. Document that transfers the title from the seller to the buyer.

C. Fees charged at beginning of home-buying process, such as appraisal of the property.

D. Money paid by buyer to seller at time an offer to purchase the home is presented.

E. Professional estimate of what a home is worth, based on style, appearance, construction quality, improvements, usefulness, and comparable value of nearby properties.

F. Principal, interest, taxes, and insurance-the 4 main parts of a monthly mortgage payment.

G. Policy that protects buyer against errors, omissions, or defects in the title.

H. Signed promise to repay mortgage loan in payments under pre-agreed terms and conditions.

I. Final settlement of transfer of property.

J. Fees and other charges paid by buyer and seller at closing.

K. One point equals 1% of total mortgage amount.

L. Mortgage not insured by government (such as FHA or VA loan).

Answer Key: 1(E), 2(C), 3(I), 4(J), 5(B), 6(D), 7(H), 8(F), 9(K), 10(G), 11(L).

P.S. Mortgage Process can be very confusing and complicated for the first time home buyers. I would love to have an opportunity to answer all your questions.

I help clients who are looking to purchase new or refinance their existing home in Palm Coast, Ormond Beach, Daytona Beach, Orlando, Miami, St. Augustine or anywhere in Florida. I also can help customers from New Jersey, Tennessee, California, Georgia, Arkansas, Colorado, Illinois, Indiana, Iowa , Kansas, Michigan, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Wisconsin.

Should you refinance now?

Open Mortgage LLC — Fri, 23 May 2008 01:25:32 -0700

From my experience, most people refinance their current mortgage to save money or to get out of adjustable-rate mortgages into a fixed rate. Refinancing is like making an investment. You need to balance the cost of refinancing with the amount of interest you save over time. The savings are really your return on investment from refinancing.

With zero point and no-cost refinance programs, the cost of refinancing can be eliminated as a consideration. However, the trade-off with most of these creative finance programs is paying a somewhat higher interest rate.

When your primary motive is to save money by refinancing or to get out of adjustable-rate mortgage, you need to answer 6 questions:

1. By how much will my payment jump after the rate adjustment?

2. How often will my rate adjust and by how much?

3. Is it important to have stability in my payment and rate?

4. How much money will I save in a long term?

5. How much will it cost me to refinance?

6. Are the savings large enough to justify the cost?

If you have and adjustable-rate mortgage it is important to compare whether to stay with an adjustable rate or to refinance into a fixed rate. You may be able to save money, have the benefit of fixed monthly payment even after paying for closing cost and/or prepayment penalty. I'd be happy to calculate the payment necessary to pay off your loan in any number of years you desire.

There are many loan programs to consider, as well as fees for acquiring them.

Click here for your FREE refinance analyses or call me at

My purpose is for you to be so outrageously happy with the help I provide you that you'll gladly introduce me to at least two people you really care about before I even help you buy a close on your loan.

You might be interested to know What do I do and How do I do it...

Open Mortgage LLC — Thu, 22 May 2008 14:37:42 -0700

Perhaps the best way to describe it would be with a short story.

About 6-7 months ago a young couple came to my office with a lot of questions, concerns, and a clear sense of urgency. The owner of the house that they were renting advised them that he was going into Foreclosure and that they have 6-8 months to move out and find another place to live. It was a shock for a young couple because the house that they were renting was close to work, their kids had friends in the neighborhood homes, and the wife had her little garden that she put some many hours nourishing.

Young couple wanted to buy their own home so that they can finally settle in and have some stability in their life. There was only one problem.. Up until now they did not pay too much attention to their credit. There were some problems in the past with medical bills and there was judgment that was paid 6 years ago.

After initial FREE consultation the couple has decided to hire me as their mortgage, credit repair and insurance consultant. I explained to young couple that there are 4 steps that they need to follow to achieve their goals. I immediately put them on the plan that involves 4 steps.

Step 1 - Credit Repair

Everything starts with credit. Having good credit will insure low interest rates on credit cards, car loans, and mortgage. People with good credit will save more money and ultimately make more money. I immediately pulled young couple's credit and discovered that there were some minor blemishes in the past that were never taken care. There was also 1 credit card that was charged up to the credit line limit. After using my expert knowledge of credit repair and restoration I made some suggestions and helped raise their credit score by 75 points in the next 5 months.

Step 2 - Mortgage Financing

After credit repair was complete, a young couple qualified for low interest rate mortgage. I used my 7 years of experience and after thorough analysis of 92 mortgage options suggested 3 that will address young couple long term needs. After 2.5 weeks mortgage closing process was successfully accomplished with the help of my professional and dynamic staff and young couple comfortably moved to their home.

Step 3 - Protect their home

Now that young couple bought their home, they had a mortgage and financial responsibilities. To them home is a shelter and a place to raise their children. However, they understood that accidents do happen and if one becomes ill or disabled they could easily lose everything they worked for including savings, home, and cars. Now that young couple bought their home, they qualified for a new type of mortgage protection insurance that will pays up to $50,000 in lump sum if one or the other gets seriously ill and not able to go to work. In addition young couple especially loved the feature that every penny that they put into the policy they will get back after 15 years.

This is yet another way to build wealth and financial security. After 15 years young couple can take the money to the bank and make a large payment towards their mortgage.

Step 4 - Pay off their mortgage early

The good thing is to have a home and place to live; the not so good thing is to have debts especially mortgage to pay every month. Most of the money put into the mortgage is interest paid to the bank and mortgage pay off process starts slowly and drags for a long time. I explained to young couple that there are better and faster ways to pay off their mortgage and reduce debt. Money that they save can be put into tax-free vehicles that accumulate wealth much quicker.

There are many ways to pay off mortgage without paying extra every month. Things like making biweekly payments usually shaves off 5-8 years of the mortgage. Also, there is a mortgage acceleration program that helps homeowners pay off their mortgage in half the time.

I set up young couple on a mortgage acceleration program and after only 5 months they have noticed that mortgage balance is becoming considerably lower.

Even though the story is a bit long, it illustrates my expertise in the areas of mortgage finance, credit repair, insurance, and mortgage acceleration.

This story also illustrates my purpose and my goal.

My goal is simple - to help families build wealth and financial security through real estate ownership and protect their wealth through adequate insurance coverage..

Palm Coast- It may be the perfect place to live.

Open Mortgage LLC — Wed, 21 May 2008 10:50:30 -0700

Palm Coast has all the natural blessings of a great place to live. Miles of clean, uncrowded beaches. Lush oaks, palms and pines. Miles of salt water and fresh water canals. Intracoastal Waterway. Convenient access to Florida's most famous attractions. Swing into golf on one of the many championship golf courses or join numerous recreational and social activities and more.

Palm Coast Landing at Town Center

Following is the current list of vendors scheduled to open their doors in the near future:

SuperTarget
Gamestop
Payless Shoes
Books-A-Million
Ross
Famous Footwear
Michaels
TJ Maxx
PetsMart
Nail Salon
Botan Japanese Restaurant
The Vitamin Shoppe
Mattress Giant
Tropical Smoothies
Subway
Panda Express
First Community Credit Union
Prosperity Bank
McDonalds

Palm Coast is still Florida's most affordable east coast lifestyle city. Click on the link below to see the latest Growth and Development Report.

2007 Annual Report on Growth and Development Trends

I am very proud to have an opportunity to make your possible dream a reality.

Time is right! Lower construction prices and better quality! Lower interest rates! I can even help you choose perfect location for your New Dream Home in Palm Coast, Florida. Whether it is on the water or golf course, acreage or upscale community, whatever your preferences are I will help you find it. I can also provide excellent financing options.

My goal is simple - to help families build wealth and financial security through real estate ownership and protect their wealth through adequate insurance coverage..

If you'd like to learn more how I can help you or people that you know email me at dperlovich@yahoo.com or

call 386-627-1348

Licensed in states of FL, NJ, CT, TN - many more states coming soon

P.S. There are many options when it comes to people who have difficult to document income and those who are self employed. As of today stated mortgages are still available. Stated Income/Stated Assets (SISA) and Stated Income/Verified Asset (SIVA) mortgages are still there but are slowly going away. Many lenders are still aggressively lending on Stated Programs in Florida. Mortgages for purchase of homes anywhere in Florida, excellent rates, low closing costs, credit repair services available, also have access to reverse mortgages and FHA loans, programs available such as stated income mortgages/loans, special programs for self employed borrower and hard to document income. Our office is proudly serving Flagler County, Palm Coast, golf communities, Hammock Beach, Hammock Dunes, Ocean Hammock, Cinnamon Beach, The Conservatory at Hammock Beach, The Gardens at Hammock Beach, Yacht Harbor Village, Grand Haven, Palm Coast Plantation, The Sanctuary, The Tidelands, Canopy Walk, Oceanside Luxury Condos, European Village, Palm Coast Resort, The Surf Club, Northern Florida, all Florida.

Time to put your Mortgage in Reverse!

Open Mortgage LLC — Mon, 19 May 2008 22:04:44 -0700

Until recently, there were two main ways to get cash from your home: you could sell your home, but then you would have to move; or you could borrow against your home, but then you would have to make monthly loan repayments.

Now there is a third way of getting money from your home that does not require you to leave it or to make regular loan repayments.

A "reverse" mortgage is a loan against your home that you do not have to pay back for as long as you live there. With a reverse mortgage, you can turn the value of your home into cash without having to move or to repay a loan each month. The cash you get from a reverse mortgage can be paid to you in several ways:

1. All at once, in a single lump sum of cash

2. As a regular monthly cash advance

3. As a "credit line" account that lets you decide when and how much of your available cash is paid to you

4. As a combination of these payment methods

Senior citizens who are at least 62 years old and own a home, can now borrow against the equity in their home, utilizing the money for just about anything, without ever having to repay the debt. They can continue living in the home for the rest of their lives without the burden of making monthly payments.

This is now possible thanks to a Home Equity Conversion Mortgage created by the Federal Government's Department of Housing and Urban Development, also know as HUD.

This money can be used to:

1. Payoff an existing mortgage

2. Pay for medical expenses

3. Supplement income

4. Supplement savings

5. Make repairs to the home

6. Provide financial assistance to family members

7. Establish a line of credit that can be used if needed in the future

8. Vacation and travel

There is never a risk of losing their home and they are free to sell or refinance the home, without penalty, at any time. All money received is tax free and has no effect on Social Security or retirement income.

AARP published a 100 page booklet to learn more about reverse mortgages. You can get the booklet at

http://www.reversemortgagefreereports.com/

If I can help you or anyone you know who needs a Reverse Mortgage, let me know today! Follow this link to get Your Personal Reverse Mortgage Analysis or call me at 386-627-1348.

My goal is simple - to help families build wealth and financial security through real estate ownership and protect their wealth through adequate insurance coverage..

If you'd like to learn more how I can help you or people that you know email me at dperlovich@yahoo.com or

call 386-627-1348

Licensed in states of FL, NJ, CT, TN - many more states coming soon

P.S. There are many options when it comes to Reverse mortgages in Florida, Palm Coast, Flagler County or anywhere where we are licensed. Programs such as HECM and many government Reverse Mortgage Programs are available and require counseling from a third party. We work with an affiliate who offers Reverse Mortgages and FHA loans. Our company also helps people with purchase of homes anywhere in Florida, excellent rates, low closing costs, credit repair. Our office is proudly serving Flagler County, Palm Coast, Northern Florida, all Florida, CT, TN, many more states are coming soon.

Stated Mortgage Programs are going away soon - Get them while you can!

Open Mortgage LLC — Wed, 14 May 2008 05:44:51 -0700

As US foreclosure filings surge 65 percent in April, lenders continue to tighten lending guidelines on Stated Income Documentation Loans. However, there are still lenders left who are actively and aggressively lending to borrowers who can't document their income. Usually such borrowers are self employed and tend to write a lot of things off in taxes.

Before there were many bank statement programs available. I would simply take 12 -24 month of deposits and count them as their income. However, many of these programs are now gone and many borrowers with hard to document income are left on the sidelines.

There is still hope for self employed borrowers and those who have difficult time documenting their income. There are still couple of lenders left who will close these loans. However, the time to act is NOW. I tell my clients who are waiting and wondering when to buy that time to buy is NOW because later they might not even qualify.

Today I will pick up the phone and call all my self employed borrowers who are still waiting for prices to come down to BUY NOW while they still can qualify. Later on the prices might be great but stated programs will disappear.

If I can help you or anyone you know who needs a Stated Income Mortgage, let me know today!

My goal is simple - to help families build wealth and financial security through real estate ownership and protect their wealth through adequate insurance coverage..

If you'd like to learn more how I can help you or people that you know email me at dperlovich@yahoo.com or

call 386-627-1348

Licensed in states of FL, NJ, CT, TN - many more states coming soon

4 ways to build wealth and financial security

Open Mortgage LLC — Tue, 13 May 2008 06:23:27 -0700

I have recently followed up with my clients and I am so glad that I can use my knowledge to influence people's lives.

Step 1 - Credit Repair

Step 2 - Mortgage Financing

Step 3 - Protect their home

This is yet another way to build wealth and financial security. After 15 years young couple can take the money to the bank and make a large payment towards their mortgage.

Step 4 - Pay off their mortgage early

I set up young couple on a mortgage acceleration program and after only 5 months they have noticed that mortgage balance is becoming considerably lower.

I am so fortunate that I have the knowledge and know how to help people achieve wealth and financial stability. My clients are my pride and joy and I am always there for them to answer all the questions.

My goal is simple - to help families build wealth and financial security through real estate ownership and protect their wealth through adequate insurance coverage..

If you'd like to learn more how I can help you or people that you know email me at dperlovich@yahoo.com or

call 386-627-1348

Licensed in states of FL, NJ, CT, TN - many more states coming soon

P.S. There are many options when it comes to life insurance and mortgages. I help people with mortgage protection insurance, Whole Life insurance, Universal Life Insurance, Disability life Insurance, Life Insurance for kids, Mortgages for purchase of homes anywhere in Florida, excellent rates, low closing costs, credit repair services available, also have access to reverse mortgages and FHA loans, programs available such as stated income mortgages/loans, special programs for self employed borrower and hard to document income. Our office is proudly serving Flagler County, Palm Coast, Northern Florida, all Florida

Protect yourself by Protecting your mortgage - Part 3

Open Mortgage LLC — Fri, 09 May 2008 12:47:32 -0700

In the past 2 days I have been talking about importance of having financial security in case of disability or death.

As I mentioned before the purpose of mortgage protection is not to pay off the mortgage but to have enough money in case of death or in case of disability. There are 2 parts to this new kind of insurance. There is a death benefit - amount paid only if person dies and living benefit - amount paid when person lives.

As I said before I save the best for last. Here are best and the most popular features in addition to the ones mentioned above.

* Extended Premium Guarantee - Living Benefits

Let me explain how this works. A lot of insurance policies that you see on TV or hear on the Radio talk about $500,000 policies for 30 years for $24 dollars a month. Well it is ok for some people who qualify; many people do get rejected due to strict medical requirements.

Another reason some policies are so cheap is that because many of the features are not there. More than that $24/month is guaranteed for 5 years. It's called a 5 year renewable policy. So after 5 years the monthly payments will change because you got older. The scary thing is if you develop some kind of illness or your blood pressure goes up you might not even qualify. Now this is bad.

As we learned from mortgage industry, there is no Free Lunch. Let's not forget 1% loans. They were cheap but loaded with many tricks.

So this feature will guarantee that premiums will not change for duration of the term (such as as 15,20, or 30 years).

By the way there is no Medical Examination required under $250,000 policy with same rate as medical policy.

Of course I saved the best for last. And now let me introduce you the amazing, brand spanking new feature....

* Return of Premiums - Living Benefit

ALL THE MONEY YOU PAY INTO THE POLICY, YOU GET BACK AFTER THE END OF THE TERM.

For example Mr. Brown pays $124/month for a 15 year policy. After 15 years he did not die and did not get disabled. In fact after 15 years Mr. Brown is still healthy and did not develop any new forms of illness. He will get a check for $22,320. So what he has done is had the security of knowing that he has a policy that will protect him in case of disability or death and if nothing happens he will get his money back - Tax-FREE.

My goal is simple - to help families build wealth and financial security through real estate ownership and protect their wealth through adequate insurance coverage.

If you'd like to learn more or apply for this policy please email me at dperlovich@yahoo.com or

call 386-627-1348

Licensed in states of FL, NJ, CT, TN - many more states coming soon

Protect yourself by Protecting your mortgage - Part 2

Open Mortgage LLC — Thu, 08 May 2008 09:59:55 -0700

Continuation from yesterday blog entry....

Yesterday I talked about the purpose and importance of life protection insurance.

Today I would like to share some of the new features of mortgage protection insurance and how this particular coverage can pay not only death benefit but also a living benefit.

As I said yesterday, the purpose of mortgage protection is not to pay off the loan in full. The purpose of mortgage protection is to make sure that monthly payments are covered so that lender does not foreclose on the home.

It is not unusual to have someone to have a $200,000 mortgage and have coverage only for $80,000. After all when the disaster strikes, I bet you that the last thing on your mind would be to pay of the whole $200,000. However, what would make your life easier, knowing that $80,000 will buy you a lot of time to figure out what to do next. People usually try to sell their home or refinance or rent it out to minimize all their expenses.

The new type of mortgage protection insurance has death benefits as well as living benefits. With the advance in medicine, many people are able to pull through critical illness physically but can't pull through financially.

Here is the list of features that are included in a new type of mortgage protection insurance:

* Death Benefit

The money that will be paid to beneficiary NOT THE BANK. Let's say when husband dies, wife will get $100,000

*Accidental Death Benefit

This is a pretty new features and it comes free on some of the policies. Beneficiary will receive an additional 50% on top of the regular coverage if death occurs due to an accident.

* Waiver of Premiums - Living benefit

This is an excellent feature that will waive all the premiums (say $89/month) for as long as person is disabled and or suffers critical illness. Basically if Mr. Jones gets disabled and can't go back to work for 3 years he does not have to pay his monthly premium and the policy still remains in force and does not get cancelled due to non payment.

* Disability Income - Living Benefit

This one is simple. If person becomes disabled the company will pay the mortgage up to $1,500 for 2 years.

*Critical Illness - Living Benefit

This is fantastic feature and one of the reasons that I have this type of coverage on my house.

This is a type of living benefit and will pay let's say $50,000 lump sum in case of critical illness such as heart attack, disability, stroke, cancer, lose of limb, or something really major.

As I said previously a lot of people get sick and are able to pull through physically but cannot pull through financially. It is mostly due to the lack of this benefit that most homes are lost.

Stay tuned for tomorrows blog entry. I saved the best for last. Tomorrow I will tell you the best and the most popular features in addition to the ones mentioned above.

My goal is simple - to help families build wealth and financial security through real estate ownership and protect their wealth through adequate insurance coverage.

If you'd like to learn more or apply for this policy please email me at dperlovich@yahoo.com or

call 386-627-1348

Licensed in states of FL, NJ, CT, TN - many more states coming soon

Protect yourself by Protecting your mortgage

Open Mortgage LLC — Wed, 07 May 2008 14:19:35 -0700

Lately I've had a lot of people asking me about new mortgage protection life insurance and how it works.

Well, here it is in a nut shell:

Mortgage protection insurance is a type of life insurance that will pay off your mortgage in case of disability or death. Sounds pretty simple to understand right? However, there is a lot more to mortgage protection mortgage than just paying off the loan if you die. What if you life and are not able to work? What Happens then?

Statistically a lot of people lose their home not because the breadwinner dies but because he/she is unable to work due to critical illness such as stroke, heart attack, cancer, loss of limb etc...

The purpose of the mortgage protection insurance is not to pay off your mortgage but to have enough money to cover monthly payments when something bad happens. After all, lender does not come to you for the whole balance. All lender wants is your monthly payments. As long as monthly payments are made, lender will not foreclose.

As you probably understand, there is just too much to tell about it in this blog. Stay tuned, soon I'll be posting all the available features that come with this new type of mortgage protection insurance...

My goal is simple - to help families build wealth and financial security through real estate ownership and protect their wealth through adequate insurance coverage.

If you'd like to learn more or apply for this policy please email me at dperlovich@yahoo.com or

call 386-627-1348

Licensed in states of FL, NJ, CT, TN - many more states coming soon