Amongst everything else there is yet another hurdle that needs to be addressed.  The question came into my email system in the end of December and now continues to finds its way back to me each week.  That question is: is the condo project approved, either by Fannie Mae or FHA?

Well here are the sited you can visit to find out the answer that looming question:
Fannie Mae  and  FHA

In the market in Southwest Florida this question is often posed because of the number of condo developments.  So now realtors will need to familiarize themselves with these sites in order to be well versed in their markets.  As always, good luck and contact me with any of your questions.

What is going on and how do you believe it will directly affect you?  Do you think this "bail out is necessary?"  Do you feel the pressure, of the current status on the economy, on your wallet?  How do you feel about the government stepping in to fix this problem, does it upset you?

If you have answered yes to any of the questions about than it is time for a change.

There is a lot of controversy surrounding our economy and Real Estate Market...  True.  However, there are many opportunities to buy.  Homes are priced to move, the opportunity to own near the beach is possible, and rates are low.  If you continue to stay motivated, have the correct knowledge, and stay connected to your data base you will have success-answering questions, being available to buyers and sellers, etc.  We are here to help in your Real Estate needs, we are here to empower you through the real estate transaction, to educate, inform, and be accountable to you through these times.  As times remain tough we, The Money Tree Financial Corporation, remain a constant in the Real Estate market we gain strength and credibility over the competition. 

New Lending institutions will be emerging, even in a down market.  Why?  Because they claim to have, or to offer, something that their competition lacks to provide-or so they say...

That could be any of the following:

•·         More lenders to choose from

•·         More programs than others

•·         More opportunities for borrowers in need

•·         More information

The facts are that if the buyer can't qualify it doesn't matter how many lenders are in your arsenal, how many programs that you have, or opportunities there are to borrow, etc.    The reality is there are such things as "lending guidelines" that all lenders have to conform to.  Guidelines that make it an advantage or disadvantage to borrow against any home they may be inquiring about.   An example would be, if a borrower, in a Conforming Loan Limit Scenario, has trouble verifying income and the credit score is less than perfect, well again the number of lenders will not bail you out.   What one bank has so does another.  I would just hope the person working the file would have the ability to contact that client and deliver the news.  It all comes down to having the right amount of lenders and best service available.  No question!  Without going into details on the economic theory of Marginal Utility you have to have the right amount of balance in your business.  Be that as it may check us out, email me, ask me questions, I'll shoot you straight based on the facts...  No Question...

There have been significant changes made in the Real Estate Market over the last few months, in particular, the Lending market.  The last nine months have been very volatile from standpoint loan guidelines, and banks have pulled back and, in some cases, out of the lending business. 

A few hoarer stories are:

•1.      Banks not funding the loan after they issue a clear-to-close

•2.      Locks on interest rates not being honored

•3.      Making Mortgage Brokers accountable for their client defaults

•4.      Lines of Credit depleting daily

The list goes on and on.  But I do not want to focus as much on the negative.  There are a myriad of great opportunities for a buyer today.  For example the first-time-homebuyer has the opportunity, with rates coupled with home prices, to buy in areas that he/she could not afford just 18 months ago!  Take a look at the communities in Bonita Springs home sales prices have dropped as well as interest rates being at a three year low.  What more could you ask for?

In today's market it is more important than ever to work with your buyers one-on-one-to get them qualified, and get them closed.  Theses are "volatile" times and we see the changing's happening daily, so be prepared to answer the tough questions.  Tell your buyers the truth, not just what they want to hear.  We advocate payments, not rates, structure, not percentages.  Have control over your next buyer, and advocate your professionalism, and remind them (your buyer)that in a market such as this just how much they need you!  Let us help you in your residential financing needs.

Qualify for your next home loan from the comfort of your own home.  Log in today to http://www.loanqualifier.info/.  Recently in the Real Estate market, south of Sarasota, has seen a steady increasing in closed real estate transactions.  Great news for those of you out in the market currently looking to buy your next dream home!  How about Bonita springs real estate?  Smack dab in the middle of Fort Myers and Naples...  Today, in Bonita Springs, homes are more affordable than ever.  In past years we haven't seen a market such as this.  We have, amongst the best in real estate agents at your disposal.  For example Chris Griffith, host of http://www.lifeinbonitasprings.com/, she has been living in the area for over 20 years, and as of recent has been running one of the most informative and successful real estate blogs.  So please feel free to check it out now, just click on the link above.  The Money Tree Financial Corporation, you lender for your needs.

General Public

You have the ability to generate well qualified leads by positioning http://www.loanqualifier.info/ system in your marketing plan. Add the information to your ads, website, etc. Prospects may not call you, but maybe curious about what they qualify for and when they use the system you have access to their information and can make a valid decision on the quality of the prospect.

Home Builders

The system will allow you the opportunity to sell your services to builders. You have the ability to offer something different to builders and prospects while streamlining the sales process. You have increased your chances of builders wanting to work with you! This system may be the difference in landing these types of accounts. You will be able to acknowledge instantly the validity of the prospect, and the ability for an upsale!

Corporations/Organizations

You can approach relocation services, relocation departments and be able to land these types of accounts with the use of http://www.loanqualifier.info/ . These entities will be able to offer their employees the ability to know immediately how much equity they can cash out on their existing home, how much house they can afford to buy, what terms they are going to have, etc. you can offer this system to corporations benefits departments and have the company promote the site to their employees. The employees receive a gift (such as a laptop computer) as a benefit of the company when they close a loan through the system and you receive the leads of the employees using the system looking to purchase property.

Real Estate Investors Club

Now is possible to work with an investors club! Typically they consume a lot of time with questions and then they do not buy. Most of the questions are in the area of finance, this system will give them complete autonomy to answer those finance questions themselves, or you place them directly. Monitor and evaluate all pre-qualifications and follow-up on the one that you feel comfortable with.

Call me for more details about how you can position this tool to work for you!

Vito Papariello  800-390-0035 ext.501

http://www.tmtfc.com/                                               Toll free:       800-390-0035 ext.501

                                                                                    Office:                 239-949-8338

SPECIAL PROMOTIONAL PROGRAM

This is the deal that may help you secure your next purchase or solidify your next listing:

• 30 year Fixed Mortgage
• No Closing Costs
• No Mortgage Payment for 6 Months
• 5.875% interest rate
• 90% Financing available

Example:

• Purchase price of $450,000
• 10% down ($45,000)
• Loan amount of $400,000
• Monthly payment (not including PMI) $2,366

This offer is exclusive to the agents in this office!  A portion of our closing fees go to profit share, another exclusive for Keller Williams!

***This is contingent on a seller's concession.***

Sincere thanks,

Vito Papariello

Your lender for Life

The Money Tree Financial Corporation

Explanation of February's Money Tree's mortgage program SPECIAL...  This special is meant to entice buyers and differentiate your listings from the others in the area. 

• It can be used in lieu of a price reduction
• Market to buyers as a less expensive alterative to buying

Example, if your listing has already been reduced ($470,000 to $450,000) and your seller is willing to reduce again, ask them to try this program in lieu of reducing.  In other words, if they were willing to make another reduction to $425,000 ask them to stay at $450,000 but put 6% towards a sellers concession.  These monies would go to the closing costs and 6 months mortgage payments, as well as, keeping your sale price at the greater amount.  I think that this would be more enticing to buyers than another price reduction.  Reductions are common we need to separate from the competition and this program gives you an opportunity to do so.

In today's market there are many different ways to finance your next home purchase.   A reverse mortgage is one of those key ways.  A traditional mortgage means borrowing a lump sum from a bank and turning around and paying back the debt.  With a reverse mortgage the opposite happens; the "equity" is paid out to the borrower, either monthly, or in one lump sum, accumulating over the period of time, and therefore reducing the "equity."   Typically, in most cases, real estate appreciates over the time of ownership, and the owner should maintain an equity position.  Most importantly, today's reverse mortgage guarantees that the amount of the repayment will never exceed the homeowner's value!  Some of the key factors:

• Must be 62 years of age
• No income qualification
• You retain control of your title
• Proceeds are tax free
• Closing costs can be financed
• No repayment unless you refinance or sell the home

Take advantage of all the various ways we (The Money Tree Financial Corporation) can help you achieve your financial goals.  Call Vito today for a free evaluation at 800 390-0035 ext.501. 

Christmas... In February?                                                                                                                                    

We are running a special this month for real estate agents in Bonita Springs.  The program consists of a special that will allow a borrower the chance to move into a home and pay no closing costs, and no mortgage payments for up-to six months!

• Make NO Mortgage payments for up to 6 months                                                      
• Pay NO Closing Costs
• 30 years fixed rate
• 5.875%

The special is only good for the month of February.  Low rates coupled with low home prices today is a winning combination.  Contact your local agent today!  Christmas comes early this year.