honest integrity success: Prepare and Enjoy Success - 07/08/09 05:02 AM
Yesterday, I receive a phone call from someone looking for feedback on whether or not it was a good time for him and his wife to purchase their first home. Always eager to have that conversation, I called him back and we begun to talk particulars regarding where he was financially and what he wanted to accomplish within the near future. Of course I shared with him how the real estate market is in a great position for someone looking to purchase... BUT the key to enjoying this opportunity is to ensure you are in the best position to enjoy the … (0 comments)
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honest integrity success: The Great Bailout of 2008!!! Can I borrow 700 Billion? - 09/24/08 01:39 AM
Well here we are... previously someone commented to me that since Fannie and Freddie was getting a bailout, that they should receive a bailout too. Well evidently the current administration shares that dream. America did not have the ability to see it coming and what is not being explicitly stated is if there is not a change in the way of thinking we are headed for a bigger disaster.
Current FED proposal states lets set aside 700 BILLION DOLLARS, that's $700,000,000,000.00, for Banks and Wall Street Investors so that they can recover from this mess. NOT A CHANGE OF THINKING OR … (1 comments)
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honest integrity success: I Know Why the Caged Bird Sings... - Buy v/s Sell - 09/16/08 03:28 PM
"Hold fast to the dreams, for if dreams die, life is a broken winged bird that cannot fly." - Author Langston Hughes
That wing has the ability to mend and with time we will see the bird fly again... so it is with all Markets. Is it a time to buy or a time to sell... Ultimately every sales person feels it is the perfect time to buy. Every homeowner feels their property is prime real estate with intrinsic value that continues to grow. I believe in the "Certainty of Now Theory," we know what we have to deal with … (0 comments)
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honest integrity success: Interesting... how many more investor bailouts must we endure? - 09/09/08 12:39 AM
In response to that 10:57 hour...
Well, do not misunderstand the FED's position in taking over Fannie and Freddie as bailing out investors. They are not bailing out investors, they are "taking over" the investors assets and supporting the market so that the equity relationship that exist between financial institutions, the US (and World) economy and the real estate industry has an opportunity to stabilize. Investor are paying a price and will continue to pay a price... those with the liquidity to holdon while we navigate this phase may have an opportunity to see a long-term return on their investment. The FED established … (3 comments)
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honest integrity success: “Really Achieving Your Childhood Dreams” - 09/06/08 01:57 PM
Randy Pausch - Last Lecture
One of the true gifts of life is to be able to experience joy. It is beautiful when you have the ability to experience joy yourself but it is even more special when you have the opportunity to share another persons joy.
As I watch the lecture by Randy Pausch it was awe inspiring to see his dreams. For me there was less of a recognition of his mortality but an appreciation to see a man review his life and be in a position that he is proud of the way he lived and he had … (3 comments)
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honest integrity success: Benefits of a VA Loan -- It Pays To Be A Vet!!! - 09/05/08 09:32 PM
First and foremost. I am currently inactive with the Navy MIUW units. I joined because so many came before me and sacrificed so much of themselves that I had be a part of that. Thank you all for the sacrifices, the long nights in a freezing open field and the months and years of no real contact to your love ones... YOU are the reason I do what I do. Thanks.
BENEFITS OF A VA LOAN
NO DOWN PAYMENT Down payment is not required in most cases. NO MONTHLY MORTGAGE INSURANCE There is never a monthly mortgage insurance premium to pay. … (4 comments)
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honest integrity success: Market Update 9/04/2008 - 09/04/08 11:13 AM
FINANCING SIDE
Ten Banks have closed in 2008. The current Fed Discount Rate is 2.25 (the rate banks charge to other banks for lending massive amounts of money.) Banks mortgage rates to consumers continue to hoover in the low 6's for a 30 Year Fix Rate. I Beat The Market Rate Easily - Closings in 2 weeks or less... Last Fed meeting there was a growing concensus to raise the Discount Rate with a majority believing it best to leave it unchanged for now. Oil prices continue to hoover around $109 a barrel... The US Dollar continues a slow gain... Unemployment rate … (0 comments)
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honest integrity success: The Road Less Traveled - 08/29/08 11:19 PM
I am interested in hearing from EVERYONE who reads this: When making decisions on what you do in life and looking back on all you have done in life... Which road do you choose to travel?
The road less traveled The road the majority of people travel The Road Not Taken by Robert Frost
"...Two roads diverged in a wood, and I -- I took the one less traveled by, And that has made all the difference."
Please feel free to expound on your answer in great detail on the blog or as an e-mail to me. I am interested and … (3 comments)
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honest integrity success: FHA Florida Mortgage Limits - 08/19/08 05:48 PM
With a growing reliance on FHA loans to meet the needs of those precious few that are looking to purchase a home. I thought it would be nice to provide some feedback on the new loan limits for FHA loans. Each area varies based on the average cost to purchase a home. This page allows you to look up the FHA single family residence mortgage limits for your area within the State of Florida. As a direct FHA/VA Lender we will Approve you for your home loan within 24 hours an assist you in everyway to insure a quick and easy … (0 comments)
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honest integrity success: Troubled Homeowners - 08/14/08 10:28 PM
HOPE for Homeowners Act of 2008 was pasted with HR 3221 (Foreclosure Prevention Act of 2008) establishing a "temporary" and "voluntary" program within FHA for distressed borrowers. This program is set to begin October 1, 2008.
Provisions:
Borrowers certify they have not intentionally defaulted on their mortgage Owner occupied borrowers ONLY Enter into a new 30 year Fixed mortgage in accordance to FHA Guidelines Current Lender willing to negotiate payoff amount with limits on new loan amount Borrower restricted for 5 years to not enter into a second mortgage Borrower not allowed to refinance within a 5 year period Borrower shares all … (0 comments)
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honest integrity success: Know Your Government - 08/05/08 11:07 AM
With a background in State Government, I came to realize that when enough people focus on an issue and direct their attention to the "RIGHT PEOPLE," there will be a response -- there will be action! Working with the Department of Elder Affairs I received correspondence from Senators, Representatives and Governors on a variety issues. I had to research, respond and make sure action was taking place. While I understand not everyone will have my zeal for solutions, there is a line drawn that requires action.
The following links were established to allow those interested an opportunity to contact those in positions … (0 comments)
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honest integrity success: H.R. 3221 Section 2113 (Amendment Prohibiting Seller Paid Down Payment Assistance) - 08/04/08 07:15 AM
SEC. 2113. CASH INVESTMENT REQUIREMENT AND PROHIBITION OF SELLER-FUNDED DOWN PAYMENT ASSISTANCE.
(9) CASH INVESTMENT REQUIREMENT
(A) IN GENERAL- A mortgage insured under this section shall be executed by a mortgagor who shall have paid, in cash or its equivalent, on account of the property an amount equal to not less than 3.5 percent of the appraised value of the property or such larger amount as the Secretary may determine. (B) FAMILY MEMBERS- For purposes of this paragraph, the Secretary shall consider as cash or its equivalent any amounts borrowed from a family member (as such term is defined in … (5 comments)
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honest integrity success: ZERO DOWN PAYMENT PROGRAMS - 08/04/08 07:03 AM
Recently I read a post concerning the existence of ZERO DOWN PAYMENT Programs. The writer stated that these programs were a scam and did not exist.
Well I am HAPPY to say they do exist and you can purchase a home with ZERO CASH out of your pocket at closing. There are a multitude of programs available through the US Department of Housing and Urban Development, State and Local organizations provide for Police, Medical Personnel and Teachers to receive some assistance and there are Seller Paid Programs available. primarily there is a waiting list associated with all of these programs with … (0 comments)
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