lehigh acres: HEY!!! I have four mortgage programs, Two of them offer 100% financing!!!
- 06/10/10 02:09 AM
I live and work in Southwest Florida so those of you living or desiring to purchase a home in; Cape Coral, Fort Myers, Lehigh Acres, San Carlos Park, Estero, Bonita Springs, or anywhere in Collier County Listen Up! When I started as a loan officer, actually i was called a sales representative, 30 some odd years ago I had 3 loan programs. We had a legal size rate sheet with our company name and 3 programs, well spaced. That was it. Over the 30 year period I had times when it literally looked like we had 100's of programs. We … (2 comments)
lehigh acres: Follow the Patriot's example!
- 12/27/09 10:17 PM
Let the assault begin! I am a PATRIOT fan! a fanatic! a NUT! It's not new for me, I used to go to games with my dad at Fenway Park, yes Fenway Park, when this all started, and they were the Boston Patriots. But if you think this blog is just about football, you're wrong it's not. It's about your business and mine, and seeing how the accomplishments of others may help us. This is not close to being the Patriots best year, but it may be one of their best accomplishments to this point. Take a look; Tom Brady Recovering … (6 comments)
lehigh acres: "UNSUBSCRIBE"
- 12/23/09 04:44 AM
I signed up for my mortgage brokerage test with the State of Florida and suddenly I got a bunch of emails from Real Estate Schools, wanting either to educate me or to help me prepare to pass the test. And it appears if I don't want anymore emails, now that they have found me, that I will need to "Unsubscribe" Well, frankly, I never "Subscribed" Don't you need to subscribe first, before you unsubscribe? Apparently not! I guess they all "subscribed" for me. That was real nice of them. NOT! There were a lot of "un" words in my … (7 comments)
lehigh acres: 100% USDA/RD is RED HOT in Lehigh Acres, Fla.
- 11/12/09 12:25 PM
If you're looking for property in Lehigh Acres as a primary residence take a look at USDA/RD also known as Rural Development. Also keep in mind that this program is available in parts of San Carlos Park, Estero, Bonita Springs, and all of Collier County. The BIGGEST fallacy to dispel is that Rural Development is for rural properties. It sounds like this should be the case, but it's not. RD loans are available, pretty much, anywhere that the United States Department of Agriculture has determined that they are needed. These decisions have absolutely nothing to do with if the property has … (4 comments)
lehigh acres: Ya SNOW! Bring it on!
- 10/17/09 12:32 AM
Joe says, We're tough and we can take it. We don't care if it's still October, or maybe we do, Bring it on! we're tough. I've got the snow tires on, the snowblowers purrrin, the shovels ready to go, and salt for the walkway, or not. Bring it on! Joe's wife looks at him with a touch of sadness in her eyes and says, "but honey it's only October and I don't like snow that much." I can't help but wonder how many of those soon to be freezing and snowbound are card carrying members of the; Coulda, Shoulda Club! Check out … (12 comments)
lehigh acres: YSP-Yield Spread Premium in it's simpliest form
- 10/15/09 11:59 PM
I always hear a lot of talk about YSP and how it's now going to be outlawed and possibly kill ALL of the mortgage brokerage business. I wonder if most people have any idea what this stuff is that's so terrible. Here goes. Two different rates are available to the customer on a 30 year fixed. Let's use a $100,000 mortgage as an example. 4.875% and 5.25% If the client selects 4.875% at the closing he/she will pay .125% in points, or $125. That's as close to a par rate as I could get. Par is a rate where there is … (9 comments)
lehigh acres: Are you ready? Here Comes the SNOWBIRDS!
- 10/12/09 01:12 AM
I tried to get a good definition of "Snowbirds," you know something colorful or entertaining, but alas I failed, they were all kinda boring. So I thought why are they called snowbirds, it's not like they fly here. From what I can tell most of them arrive by car. Maybe we should call them; SnowTurtles! You've seen they way they drive. "It's over there George," says Alice, as she points accross the 3 lane roadway. No blinker necessary, George makes a hard right into the parking lot. Many of the other drivers, admiring his skill, join in giving him the … (10 comments)
lehigh acres: What does HMDA (Home Mortgage Disclosure Act) really tell us.
- 10/07/09 01:59 AM
Have you ever heard of the FFIEC? That would be, drum roll please, The Federal Financial Institutions Examination Council Now that sounds like a truly bureaucratic organization doesn't it? They are an interagency body empowered to prescibe uniform principles, standards, and report forms for the federal examination of financial institutions by the Board of Governors of the Federal Reserve System, The FDIC, and others.I got that from their website. Pretty much anybody who's anybody. I've got to admit that I'll now sleep better knowing that they're on the job. In their September release they made available HMDA data from over 14.2 … (2 comments)
lehigh acres: Do ALL Buyers Need Tax Returns?
- 10/05/09 03:13 AM
Actually YES!!! they do. Here's Why. On almost every file an underwriter is pulling a copy of the borrowers tax returns by using the 4506. The 4506 is a form signed at the application, by an applicant, which allows an underwriter or investor to pull tax records. The loan officer would best serve everyone in the transaction by acquiring the information up front. There can be information on the returns which can cause the buyer to be turned down! My personal Favorite: Unreimbursed Expenses! These are expenses which a normal W2 employee may be writing off. They are legitimate expenses which … (10 comments)
lehigh acres: Who's Taking Care of OUR Veterans? Anyone?
- 10/04/09 02:20 AM
Okay when I logged on today we had 160,841 members. My first thought was I wonder how many of the members are Realtors. My next thought was I wonder how many of these Realtors have ever helped a Veteran use their VA entitlement to purchase a home. And while I am not a negative person I wondered how many have not. Not ever? WHY? I could go on with a long dissertation as to how the Veterans of our country have earned our respect and deserve our help. But that's so obvious, or should be, that I'll spare you all. So … (2 comments)
lehigh acres: President OBama Please Help, Ban Cash Buyers, Now!
- 10/01/09 06:03 AM
Mr. President, We need your help! Please make this a priority. We need you to get legislation passed which will ban cash buyers, unless of course no one else wants to buy the property. Think about it; First, you're telling everyone how bad things are and here's all these investors running around, with all this cash, buying real estate. Personally, I think this is bad for your image, and you know it's never too soon to think about your reelection. That alone should be reason enough to get started on the ban. Also, your neighborhood revitalization programs, where cities and other … (2 comments)
lehigh acres: TOO much CASH coming to Cape Coral, Florida !!!!!
- 10/01/09 02:20 AM
I keep reading about the perpetuation of DOOM & GLOOM, so I gotta tell you I've got a BIG problem! You see I'm a mortgage loan officer in the Cape Coral area and there's just toooooo many CASH buyers coming into the area. Let me make this perfectly clear! Tooooo much $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ I was speaking with one of my favorite Realtors at a closing the other day. I asked him about how I could earn a greater portion of his business. He told me that out of 70 sides this year 63 were $$$$$. There it is again. Just too much … (12 comments)
lehigh acres: (RAIN) Power of the People!
- 09/28/09 02:35 AM
Reminds me of John Lennon; "Power to the People," I can hear the music and John singing in my head. For some of you, you are just not old enough to remember John singing this. At that time, it was a protest type song. Well in today's world Active Rain has given the power to the people and well, you all are using it quite nicely. Stop for just one minute and think about what we've got here. The WE that I'm talking about is all 160,289 members. That's today's count and you know that, without fail, tomorrow there'll be more … (7 comments)
lehigh acres: Are Stated Income Programs DEAD.....Forever???
- 09/26/09 05:28 AM
When I first started in the mortgage lending business there was no such thing as a stated income program. The self employed and commission income clients had to live and die on the merits of what their tax returns stated. Quite frankly, I do believe that the underwriters back then did a much better job, than today's underwriters, in interpreting tax returns because they were used to dealing with them on a regular basis. I believe it was Citicorp who rolled out the first "stated income" product and the guidelines made a lot more sense when we started with the program, than … (6 comments)
lehigh acres: "RAIN POWER!" It's AWESOME!!!!!
- 09/18/09 01:18 AM
Okay, I've read the posts about the power of Active Rain and the google juice, well as they say a picture is worth a thousand words. So, if you've never done this before, Google yourself! If you've been an active Active Rain blogger than you're going to loooooove the exposure that you and your business are receiving. If you haven't been then you are missing out; BIG TIME!!! If you haven't been than take this challenge. START! Write 3-5 thoughtful, insightful blogs each week for the next 3-4 weeks and then; Google yourself! If you're not smiling at the results I'll be … (79 comments)
lehigh acres: Beware! of TOXIC Behavior, It's Everywhere!
- 09/17/09 02:31 AM
WARNING, WARNING!!! TOXIC BEHAVIOR is hazardous to your Success! Toxic behavior by definiton would be a behavior that was/is poisonous. Boy, that doesn't sound good to me! Where will you find this you may ask? so that you may avoid it. Well first, you really need to check out the mirror and see if you find any in there. If you do I suggest a strong window/glass cleaner to see if you can clean it up. You need to do this right away, don't wait, this is important. Next, spend some time listening to yourself during the day and evaluate what … (2 comments)
lehigh acres: A New Sales Technique: Try Answering Your Phone!
- 09/15/09 01:18 AM
I've read a few blogs recently about returning phone calls. It made me think about the good olde days, you know, before voice mail. Oh, how did we ever survive? So what I'd like you to do right now is stop for a few minutes and think about how you feel when you're calling someone, it's an important phone call, there's 3 or 4 rings and then; THE MESSAGE! That's right, you never had a chance, right into voice mail. Okay, how do you feel about that? Is it safe to say that you wish a real live human being had … (12 comments)
lehigh acres: Another One of Those, Oh No, OH YES!
- 09/10/09 02:18 AM
Every year just like clockwork here it comes. It's time for another birthday. For me it's also a time for reflection and I'd like to share a few thoughts. On Friday I'll be 75, oops there's that dyslexia thing, I'll really only be 57. As you get older you're allowed to make more oops'. I use to think, oh no! another birthday, but then about 2 years ago I went shopping at BJ's and decided to have a heart attack. Forty days, and 3 stents later, I was very happy to walk out and see the light of day. If you've lived through … (8 comments)
lehigh acres: Let's Hear it for Port Charlotte, FLA!
- 09/09/09 05:34 AM
YEAAAAAAAAAAAAAAAA!!!!! I hope God doesn't strike me down for using CNN as a source, but in my own defense, it does state that the article comes from the editors of Money Magazine, if that's any better. But so what about the source, this is extremely positive news about Southwest Florida, so I'm going with it. Here it is, entitled; 25 Best Places To Retire Thinking about your post-work home? You'll get huge bang for your buck-plus lots of other perks-in these towns. So whose mentioned first in the article? A little hint-look up to the top of the page. PORT CHARLOTTE, FLORIDA!!!!! … (1 comments)
lehigh acres: Slowing Down the Mortgage Process
- 09/09/09 12:39 AM
Okay, I've had enough, actually more than enough. HVCC was tolerable, although ridiculous and unneeded. Let's make sure that we keep those low life loan officers and processors away from the appraisers so that they can do their job. If this is such a vital requirement why is it not an FHA or a USDA/RD requirement. It case it's not obvious these are both govern(mental) organizations. Now, along comes MDIA. The Mortgage Disclosure Improvement Act. Someone needs to show me what it IMPROVES! Most of this act centers around the TIL, one of the worst and misunderstood documents in my … (6 comments)
I live and work in Southwest Florida so those of you living or desiring to purchase a home in;
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