lee county mortgages: ENOUGH ALREADY!!! Wipe the slate clean, FOCUS on the solutions!
- 02/12/10 12:11 AM
Enough is Enough! It's time to stop dwelling on the sins of the past, and Focus on the solutions! There is no doubt that there was an abundance of mistakes made in the real estate arena over the last 5-10 years. Some unintentional, some intentional, yes there was fraud and there still is, and unfortunately there always will be. We can try to isolate particular areas and industry's, but like it or not, the facts are that there is plenty of blame to go around. We, and I do mean we, as in all of us, can either admit it or … (29 comments)
lee county mortgages: You're waiting for the government to solve the real estate problem, you're kidding right?
- 02/10/10 11:17 PM
That'll be a long, long, loooooooooooooong wait! We we're sold "hope" and "change" by the new guys. Well a year plus later many are still hoping, but we have had changes. Let me see; more foreclosures higher unemployment failed modification programs I fail to see where much has changed though in the way that Washington conducts it business. The WHO just played the Superbowl, their lines are still consistent, although they looked older. Remember Meet the new boss, same as the old boss. ya, ya ,ya things are much better, okay if you say so, but I'm not buying it. The … (9 comments)
lee county mortgages: Here's some interesting Social Media Facts
- 02/09/10 10:06 PM
Well "Sucess Magazine" showed up again this month, just like every month and it has an article on Social Media.It does seem like the rage these days, to try to analyze the new phenomenom known as Social Media I haven't read the entire article, as a matter of fact I haven't even started, but they always have some highlighted areas, and this one was entitled, Social Media Factoids Success sites their source of the info as being Socialnomics.net #1. Social media has overtaken porn as the No. 1 activity on the net. Hallelujah! #2. Years to reach 50 million users: … (7 comments)
lee county mortgages: The NOT So FREE, FREE Credit Report!
- 02/05/10 12:10 AM
CNNMoney.com reports today that a Wisconsin student has filed a class action complaint against Experian stating that their ads had led her to believe that she could/would receive a "FREE" credit report at Free Credit Report.com. Okay at a site, with that name, and having seen many of the catchy ads, on the surface, I might think the same thing, however daddy, God rest his soul, has conditioned me to be exteremely leery of anything claiming to be "free." And I am, so shouldn't she have been. Now, I can understand the point being made. They implied it was free, and maybe … (4 comments)
lee county mortgages: The Fed says they'll keep rates low, but can they? Look out!
- 02/02/10 11:07 PM
In the recent Fed meeting the philosophy was/is that they'll keep rates low for the foreseeable future. And while their actions to a certain degree have influenced the market, and kept rates artifically low, Can they continue to do so? Can the Fed keep rates low? Personally, I don't know, but I don't think so. Why not? you may say. Accelerating Recovery These two words really look good together, and the data now becoming available wholeheartedly supports that we are rapidly moving in the right direction. No matter what the Fed desires, preventing rate increases in a growing economy is difficult … (8 comments)
lee county mortgages: Financing Properties in Southwest Florida
- 02/01/10 10:12 PM
So let's see if we can make this informative and as simple as possible. You want to buy a property in Southwest Florida and you want to acquire financing, you're going to need a mortgage. So let's take a look at what you may want and what's available. Single Family-Owner Occupied Veterans are still able to acquire 100% financing and the seller can pay the costs. Fha is available with 3.5% downpayment and the seller can pay up to 3% of the purchase price toward the costs. Conventional financing is available. The rule of thumb is a 20% downpayment … (0 comments)
lee county mortgages: "Recovery Accelerates"- HALLELUJAH
- 02/01/10 12:28 AM
"Recovery Accelerates as Company Spending Rises Most since 2006," reports Michael Mcgee for Bloomberg.com this morning. You want more, I'll show you MORE! "Evidence of a self sustaining US recovery is emerging on the floors of Texas Instruments Inc. The second largest US chipmaker will spend almost $1 billion this year to expand three factories and open a fourth to fill orders." Go TI! Go TI! Go TI! More Mcgee, boy I love this guy! "Capital spending will increase the total productive capacity of the US economy above it's pre-recession levels of December 2007, helping gross domestic product grow at a 2.7 … (2 comments)
lee county mortgages: Your Business Photos, Do they look like YOU!
- 01/30/10 11:20 PM
If your client had your business card in their hand, and walked right up to you, would they know that it's you? Be truthful now, yes or no? Do you look 5 years younger, 10 years or more, in the picture than you actually are? If so, how come? What's wrong with you as you are now? What do you think your client thinks when they can't recognize you from your photo? Do they draw any other conclusions as to how you do business, or how you represent yourself? Let me help you there, just in case you need it. The … (11 comments)
lee county mortgages: JOBS! JOBS! JOBS! It's about JOBS! It's always been about JOBS! You just can't hide it any longer.
- 01/27/10 03:59 AM
The first thing we need to do is to STOP all the bickering, and truly work together! There certainly is a big change going on in the attitude of most Americans. The new administration is failing. Despite all the promises made we're making about as much progress as we did under Jimmy Carter, remember him. He's a great humanitarian, but he wasn't such a great President. Do you remember who ran the Fed under Carter? Why do I think it was Mr. Volker I clearly remeber 18% plus interest rates, and he boasted about how his policies were responsible … (2 comments)
lee county mortgages: The NEW Loan Process for 2010, It's not what it used to be, AND it'll effect, well everyone!
- 01/24/10 02:09 AM
Have you sold a property in 2010 involving a buyer needing a mortgage? If you have; Are we having fun yet? If not, your day will come. Well the new improved GFE is now a reality. Live from HUD, it's GFE hell! My important dates say I'm offering you this rate until the end of the business day, that's how I disclose it, and the costs are good for 10 days. The new GFE resulted in the need for other, somewhat supporting disclosures. So I have one to acknowledge receipt of the GFE on a specific day, one asking you if you would like to … (5 comments)
lee county mortgages: FHA Flipping Change, It did come with conditions you know, you do know the conditions, don't you? Read on!
- 01/21/10 12:27 PM
It seems everybody in the marketplace was happy to hear that FHA has waived it's 90 day waiting period for the resale of properties. They did didn't they? Well they did grant a waiver if you meet certain conditions, what did you expect. First and foremost; It must be an ARMS length transaction, with no identity of interest between the buyer and the seller. Also, it must satisfy the 20% Rule The 20% rule essentially says that if the new sales price exceeds the seller's acquisition cost by over 20 % the lender must satisfy certain conditions. Either; the lender … (4 comments)
lee county mortgages: FHA CHANGES, DOWN & DIRTY!
- 01/21/10 12:15 AM
Ch, Ch, Ch, Changes! Boy, I love Bowie, I can just hear the music in my head. Turn and face the strain, ch, ch, changes. David Bowie lives on. So does the FHA and the way that we do business. Four changes; 1. Upfront MIP increase The upfront MIP will increase from 1.75% to 2.25%. On a $100,000 loan this means that previously the new loan amount including the MIP would be $101,750, now it will be $102,250. That's $500. Okay. The change in the monthly payment will be $5-$10 per month. End Result: good for the FHA, no great significance … (5 comments)
lee county mortgages: GO SOUTH young man, and everyone else, GO SOUTH!
- 01/14/10 12:16 AM
If you're getting blasted with frigid temperatures, and snowy dreary weather, and you'd like to admit that you are no longer enjoying it, I have a suggestion. COME ON DOWN! After a brief period of discomfort here's what we're looking at; Today (Thurs.) sunny high around 72 degrees not bad, not bad. Friday sunny high around 78 degrees Saturday sunny high around 79 degrees Fantastic! For your enjoyment we over you golf, boating, white sandy beaches Are you getting the picture. For variety we offer you Cape Coral, Fort Myers, Lehigh Acres, San Carlos Park, Estero, Bonita Springs each with their … (12 comments)
lee county mortgages: Looking to become Debt Free-SNOWBALL IT!
- 01/13/10 04:30 AM
I personally had been advising clients to consider this technique for years, so when I saw it in print as being part of Dave Ramsey's plan, well I couldn't do anything else, but agree. Mary Vinnedge in her article entitled, "Man with a Plan," written for the February 2010 issue of Success Magazine discribes Dave in this manner. "Author-radio host Dave Ramsey dispenses advise on personal finance with the fervor of a country preacher and the common sense of Ann Landers. He colorfully pounds home his core mandate-eliminate debt-with a tried and true -step by step program to achieve fiscal fitness." … (2 comments)
lee county mortgages: FHA-the UNDISPUTED KING of Government lending!
- 01/12/10 09:26 PM
Long Live the KING! I started as a mortgage lender about 30 years ago, back in the great state of New Hampshire. The number 1 lending program at that time was FHA In todays market not only is FHA the King of Governmental lending, it's just flat out the King of Lending! I wouldn't want to think where we would be without FHA loans. First time homebuyers; FHA is, and always has been the number one choice for first time homebuyers, in my opinion. VA is a great option for Veterans, with its 100% financing, and USDA/Rural Housing also … (3 comments)
lee county mortgages: Watching the NFL Playoffs, is working on my Business Plan
- 01/12/10 09:01 PM
Okay, last week I said follow the Patriots example, and considering the end result, there might be a lot of excessive snickering, or outright laughter about that suggestion now. But, hold on there for just one dog gone minute. There's still much to learn. After the pain goes away, which may be when spring training starts. An NBA Championship from the Celtics might help. And there it is the first point. Did the Patriots and their fans have too high of a set of expectations? How about YOU in your business? Well we've won 3 Super Bowls in the last 10 … (5 comments)
lee county mortgages: Transformational Vocabulary; Word Power!
- 01/11/10 11:51 PM
" A powerful agent is the right word. Whenever we come upon one of those intensely right words...the resulting effect is physical as well as spiritual, and electrically prompt." Mark Twain Now there's a man who knew something about the power of words, and the word choices that we make daily. Where was he headed with that statement though? "the resulting effect is PHYSICAL as well as SPIRITUAL, and electrically PROMPT" Is he really saying that the words that you choose, that what comes out of your mouth, has an effect over you physically. We've all probably heard the old cliche' … (5 comments)
lee county mortgages: Rural Housing ROCKS Southwest Florida!!!
- 01/07/10 11:36 PM
Why are sooooooooo many buyers turning to USDA/Rural housing loans? Maybe the real question should be, why you're not? Once and for all, let's make this perfectly clear; Rural Housing is NOT just for Rural properties, it is available in whatever areas the USDA says it is. They decide, that's the rule! But, yes, there are geographical restrictions. But for those of you in Lehigh Acres, San Carlos Park, Estero, Bonita Springs, Collier County, what are you waiting for? There are a plethera of properties available in these areas which will fit the program. So what's so great about Rural … (3 comments)
lee county mortgages: I don't care what Fannie Mae says, I'm not doing your loan!
- 01/07/10 11:10 PM
I just love all the postings about specific guidelines as found in Fannie Mae, or Freddie Mac manuals. Throw in AllRegs too. Oh, please don't yell at me, you're right, we don't use manuals any more, its all on line. See the real problem is that personally, I'm just not as smart as some of the writers, who can dig through the regs, and let you all know what they say, and that the lenders/investors will automatically do your deal because the regs say so. But, you know it seems that these lenders/investors have their own rules, and in todays world it … (2 comments)
lee county mortgages: VA Loans-The Premier Government Loan!!!
- 01/05/10 11:21 PM
Did you just frown? Did you think, he must be kidding. Well I'm not and here's some reasons why. First and foremost; Consider the buyer! The VETERAN That's an individual who has served his/her country, possibly in combat, and may have been wounded. They keep you and I and our families safe. That sure means a lot to me. It's also the only government loan that has been earned. The Veteran has earned this benefit. Here's how the VA feels about it. The source is their website. "VA loans involved a Veterans benefit. Therefore lenders are encouraged to make VA loans … (7 comments)
Enough is Enough!
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