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Tips in a slower market - 10/29/07 04:55 PM
Special Report SeriesFocus on a Slower Market: Tips for Staying in the Game Market downturns call for innovative strategies and fresh ideas to keep your business surviving and even thriving when the numbers of leads and closings drop. In our new, two-part series, we'll explore ways for you to stay profitable in today's slower real estate climate. Part 1: Stand Out From the Competition When the industry slows and the amount of new business diminishes, how can you ensure you stay ahead and keep a bigger share of the local market pie? One way is to check out the competition - … (0 comments)
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Making Sense Of Your Closing Costs - 10/29/07 04:07 PM
Making Sense of Your Closing Costs
When you go to a lender to get and idea of what to expect for closing costs it can seem a little overwhelming. Below is a break down to help you understand your good faith estimate a little better.
Interest rate discount points are fees paid up front to the lender in exchange for a lower interest rate on a mortgage loan. Paying points lowers your mortgage rate because the lender is getting a prepaid portion of the interest rather than collecting it in the payments across the term of the loan. Points can be paid … (0 comments)
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What is really in a rate selection?? - 10/25/07 05:40 PM
What is really in a rate selection??
Most people feel the lower the rate, the better deal I received! The truth is that selecting an Interest Rate should be an "Economical Decision and NOT an Emotional Decision" When determining an interest rate for your loan you should consider some compensating factors such as:
How long will I keep this loan? This question alone should change your thought process about the rate selection for your loan. The truth is that the lower rate may not always be the best and most economical decision for you!
For example, suppose a borrower could get a $400,000 … (2 comments)
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FAQ on Reverse Mortgages - 10/25/07 02:39 PM
Home Equity Conversion Mortgage (HECM) reverse mortgages
A Home Equity Conversion Mortgage (HECM) is a federally insured reverse mortgage. Ninety-five percent of all reverse mortgages are HECMs. The Federal Housing Administration (FHA) sets limits on how much a HECM reverse mortgage lender may lend you-based on your age, your home's value and location-and what your total loan costs will be. HECM loans give you a wide choice in how you may receive the cash from the reverse mortgage. HECM loans generally provide the larger loan advances than other reverse mortgages. An exception is Financial Freedom's Cash Account Plan reverse mortgage which … (2 comments)
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David Winfrey
Bend,
OR
More about me…
Address: Bend , Bend, OR, 97701
Cell Phone: (541) 610-9885
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