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keith hoffman: Derby Fever - 04/14/09 04:28 PM
The excitement is growing as there is only 18 days until the Kentucky Derby - Number 135.Fast Horses.....Wild Women...the miles and miles of white fences the crazyness that comes with it all.
I first attended the Kentucky Derby was when I was 18 years old in 1974. It was the most exciting event in my 18 years of life. And with it being the 100th anniversary, it was HUGE! Among the crowds were thousands of crazy people, all there for a multitude of reasons. Here is a little history for the 100th Kentucky Derby:
Largest Crowd in History - 163,628 290 horses nominated 23 … (0 comments)
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keith hoffman: The Greatest Thing Happened the Other Day - 04/13/09 08:06 AM
Never under estimate the power of Activerain. As it has been many months since I have been active with Activerain, the real power has just shined through!
The greatest thing happened and that was the phone call. Now we all get phone calls inquiring about real estate or mortgages and some are better than others, but this was great.
As I always do while speaking to a new customer, I always ask how were they referred to me? Usually it comes from a past client, a friend, a family member or a referral from someone in the professsional field but … (5 comments)
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keith hoffman: The Real Understanding of Today's Markets - 04/10/09 03:52 PM
With the ups and downs mortgage rates have had in the past few months, now is a good time to take a look at some factors behind how your mortgage rate is decided. Thawing the Market
Like most financial products, there is a secondary market for mortgages that brings buyers and sellers together. For your lender to keep business moving they will bundle a collection of mortgages into a security and sell it to an investor, usually a bank or government, to replenish their cash so they can turn around and make more loans. Your mortgage rate is directly tied to … (2 comments)
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keith hoffman: Breaking News-Feds Cut rates by 3/4 point - 01/22/08 07:26 AM
With all the worlds actions over night, Feds bring down Fed Funds Rate by .75% to 3.50%. Now what that will mean to anyone who has a second mortgage is that home equity loans, which includes lines of credit and second mortgages, will go down. Now will the stocks bounce back at all from the potential free fall that the foreign markets did overnight. I am not sure that will happen for a while.
According to the report on CNBC.com, "The Fed said it was cutting the federal funds rate, the interest that banks charge each other on overnight loans, to 3.5 … (21 comments)
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keith hoffman: Mortgage Pro Week in Review -- 01/14/08 through 01/20/08 - 01/21/08 10:47 AM
I was honored when Jeff Belonger asked me to write this review. It gave me a real opportunity not only to get my name out here, but to really have more time to read about what people are writing about. And holy cow....you all write a boat load about more than anyone really needs to know. It has been time consuming and interesting and worth every minute of my week. THANK YOU!
The first thing I would like to pass on are my blogs that I wrote. Now from everything I have read, and that isn't half of what is out there, … (19 comments)
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keith hoffman: Intergrity Mortgage Seal - 01/19/08 06:00 PM
My name is Keith Hoffman & I approved this message
Thats right......Integrity. And as most industries have national designations, the Mortgage Industry is moving forward with the new designation. Many states are trying to improve on the ethics and professionalism that comes from being a mortgage professional. With this in mind, National Association of Mortgage Brokers is moving forward with this new designation.
Right now there are 2 designations that are recognized througout the country. The first being the CRMS, Certified Residential Mortgage Specialist & the other being CMC which is Certified Mortgage Consultant. Each designation is awrded to an individual that … (4 comments)
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keith hoffman: Please Welcome Jay Stocki - 01/17/08 11:46 AM
I would like to introduce you to Jay Stocki, one of our newest family members to Activerain. Please welcome him by checking his activerain site out: http://activerain.com/jstocki
Jay and I are part of a networking & leads group called L.O.D.G.E. That stands for Leads Organization of Downers Grove Executives, which is the oldest & most recognized netwroking group affiliated with the Downers Grove Area Chamber of Commerce & Industry. Jay specializes in real estate investments structured for co-ownership. Things like 1031 exchanges, REITS, Real Estate investment and much more. You can always check out his personal website at:http://www.1031tic.com/Please welcome Jay to our family by … (14 comments)
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keith hoffman: You want a 30 yr. fixed at 5.5%/5.579%APR - 01/14/08 08:33 PM
Rates have really come down and as of today- January 14th, we are offering a 30 year fixed rate mortgage for only 5.50% with an APR of 5.579%. Now if my little friend here can come to me without begging, you too can get this rate, as of Monday, January 14th.
This information is provided to assist real estate professionals and is not an invitation to extend credit as defined by Section 226.2 of Reg. Z.
Be sure to get on board before these rates wash away! Many of our customers think they know more than we do. But according to the Real … (8 comments)
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keith hoffman: Bank Of America Buys Countrywide - 01/11/08 07:22 AM
It is 7am on Friday, January 11th and the world of mortgages just got turned over.
Bank of America today agreed to buy Countrywide Financial, the largest U.S. mortgage lender, in a $4 billion transaction that could help avert one of the biggest collapses in the U.S. housing crisis.
Rumors have been flying for months ragarding the problems that Countrywide Financial has incurred with all the mortgage woes. Is this the pill Countrywide Needed?
Details according to CNBC, "Countrywide shareholders would receive 0.1822 of a Bank of America share in exchange for each of their shares. The transaction values Countrywide at $7.16 per share, … (30 comments)
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keith hoffman: The year in reflection - 12/31/07 09:49 AM
As we move out of 2007 and into 2008, I must reflect a minute on all the good that has happenned in 2007. Now don't get this wrong, there was alot of bad in 2007 and much more than I would like to remember, but I always try and focus on the positive. I just wish I was sitting in one of these chairs on the beach in Mexico right about now.
The Good! - Both my kids are employed. That's right...employed. My son PJ (Philip Justin ) in South Bend, works as the Finance Director for Congressman Joe Donnelly. http://donnelly.house.gov/ and … (6 comments)
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keith hoffman: Underlying Themes- Must See TV - 12/11/07 11:01 PM
So I am sitting down watching one of my favorite shows- "Boston Legal" tonight. As many of you know, TV shows many times have Underlying Themes. Now if I can remember, I think this is the fourth season airing on ABC. Tuesday Nights there doesn't seem to have much on tv but this shows the bomb!.
Now if you haven't seen it, you have either been cooped up in a nuthouse with no tv, in jail and can't watch it for one reason or another or you just don't know what you are missing.
Now having a wife who is a High … (2 comments)
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keith hoffman: The REAL Skinny on Mortgages - 11/23/07 05:12 PM
Now that's the ticket....... Just what we all need....Lower Mortgage rates and No Closing Ciosts.
And just where do you think that comes from?
There is no free lunches and no free mortgages!
Someone has to pay for that! And in the long run it comes in the form of higher interest rates for our borrowers. So you ask "How does this work"? It is easy.....As all good lenders do, we must do what is the best thing for our customers?
There is always a cost to No Cost Loans. The cost comes in a form of higher interest rates. When lenders are paid, … (9 comments)
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keith hoffman: Girl's Only Trip - 11/23/07 10:18 AM
After reading Kim Murphy's last blog, "Girls Only", I thought that after speaking to my sister, this would be the GIRL's invitation of the century.
Shauna Hoffman ( my loving and most awesome sister ) does a multitude of things in life. One is Murder Mystery Theatre. "Whodunit Productions"But she has developed a "Girls Only trip" that you must check out. "Guy Free Weekend!". That's right...Guy Free! You can go to the website at http://www.workingonme.com/ or just click on the picture below.
Now this is a Sneak preview of the site and will be added on a daily basis.
Now I'm not sayin'.... but … (6 comments)
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keith hoffman: Happy Thanksgiving - 11/20/07 06:44 PM
A healthy and happy Thanksgiving to all my Activerain families and friends! And from 1 turkey to another....Enjoy, stay safe and don't eat too much....
Ok....Now that I have your attention, I will just want to let you all know how much I enjoy Acvtiverain. It has opened my eyes and peaked my curiosity to the world of blogging. Although I am a novice here, I am learning and give thanks to all I have read from. Jeff Kessler form The University of Texas (Austin Tx), whom I have learned a great deal. Kim Murphy who got me hooked here. Jessica Horton … (4 comments)
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keith hoffman: Fannie & Freddie today - 11/20/07 08:06 AM
This morning in the Money Edition of MSN.com, Reuters had an article headlining Freddie Mac. "Freddie Mac's third-quarter loss widens". In Forbes.com it reads "Shares of Fannie Mae, Freddie Mac Sink". And to paraphrase these articles, Freddie Mac third quarter loses increased greatly to include a 2 Billion dollar loss & Fannie Mae like Freddie Mac, will face big concerns of greater mortgage defaults. That would be a number that includes three comas and 9 zeros.....That's huge!
And you ask how did this happen? I have pondered this and am wondering why so fast? Did this happen over night? Where … (1 comments)
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keith hoffman: Serendipity.....Fate or Calculated? - 11/19/07 08:28 AM
Fate or not...There is SERENDIPITY!
Now first of all, I need to clarify something: I am not always so sensitive!But I couldn't help spending about 20 minutes or so ( maybe 45 ) writing this blog after sitting downstairs having a cup of coffee and watching "Serendipity" this weekend getting ready for FOOTBALL. If you have never seen this 2001 movie, staring John & Cusack (woman's heartthrob) & the beautiful & stunning Kate Beckinsale, you have got to get it.....
Romantic or not, it is such an awesome story & it made me think about what is it really means:Serendiipity means a natural … (4 comments)
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keith hoffman: The Moral of the Story - 11/14/07 04:23 PM
A big city lawyer went duck hunting in rural Tennessee. He shot and dropped a bird, but it fell into a farmer's field on the other side of a fence. As the lawyer climbed over the fence, an elderly farmer drove upon his tractor and asked him what he was doing.The litigator responded, "I shot a duck and it fell in this field, and nowI'm going to retrieve it."
The old farmer replied, "This is my property, and you are not coming over here."The indignant lawyer said, "I am one of the best trial attorneys in the United States and, if you … (10 comments)
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keith hoffman: A Thanksgiving Tradition - 11/13/07 06:21 PM
Everyone has their own Thanksgiving Traditions....For example, my 26 year old son comes home for the holiday's and every Turkey Day morning, he gets together with his old high school buddies for a frendly but competitive game of football. And of course we need to watch all the NFL games on Thursday:
And this year it will look like this:
Green Bay at Detroit - 11:30 Central Time on FOX (A great divisional game, probably the best of the day)New York Jets at Dallas - 3:13 Central Time on CBS (Probably a blowout and time to take a nap)Indianapolis at Atlanta - 7:15 Central Time … (6 comments)
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keith hoffman: Mortgage Extraordinaire - 11/13/07 04:51 PM
Have you often wondered why you should deal with your "Mortgage Professional"?
Is it their knowledge of the business?
Is it their products & programs they offer? Or is their Customer Service the promise?
Do they over promise or use cliche's like " Satisfaction Guaranteed" or "We offer the highest degree of Customer Service"? Most people don't even have a clue of what customer service is. And the level & expectations ae different for everyone. Bottom Line........You have to ask!Now all of us at one time or another have over promised and not delivered. Most of us were either early in our careers or … (0 comments)
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keith hoffman: What it is...it isn't - 11/12/07 10:47 AM
How many times have you gone by a gas station and seen the gas prices as you see it here? You see the lowest prices listed on top which is typically the lowest grade of gas. Then you go to the next price and it is a little higher and a step up in grade. And then the highest price with the highest grade of gas listed at the bottom....Just to get you in!I visited Iowa City this past weekend with a good friend who has 2 girls going to college in Iowa, 1 at the University of Iowa and the … (6 comments)
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Keith Hoffman - 1st Advantage Mortgage Residential Mortgage Specialist
Lombard,
IL
More about me…
1st Advantage Mortgage
Address: Dupage County, Will, Kane, Cook Counties, Kendall County, Lake County & 38 States, Lombard, IL, 60148
Office Phone: (630) 376-0555
Cell Phone: (630) 306-5626
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