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mortgage: The Tipping Point: How Little Things Can Make a Big Difference - 11/11/11 09:24 AM
The Tipping Point: How Little Things Can Make a Big Difference
In his best-selling book, "The Tipping Point," Malcolm Gladwell defines a tipping point as "the moment of critical mass, the threshold, the boiling point" when an idea, a product, a message or behavior spreads likes a virus. He noted that these viruses share three rules: The Law of the Few, The Stickiness Factor and The Power of Context.
Let's apply his criteria to three famous hats to show why some things become wildly popular.
The Law of the Few: This law states that a few key types of people … (2 comments)
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mortgage: Economic Update - Re-Cap in Plain English ~ 07/20/2009 - 07/20/09 09:14 AM
Last Week in the News
On Tuesday, July 14, the Labor Department reported that the producer price index, which tracks wholesale prices, rose 1.8% in June, following a 0.2% increase in May. The increase was double what economists expected and largely attributed to rising energy costs. Gasoline prices increased 18.5% and home heating oil rose15.4%.
Retail sales rose 0.6% in June, following a 0.5% increase in May. The gains were largely fueled by auto purchases and the rising cost of gasoline.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the week ending July 10 rose 4.3% … (0 comments)
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mortgage: Tom Ferry - You ROCK! - 07/07/09 10:25 PM
Tom Ferry spoke at a 1/2 day seminar last week in Concord, CA sponsored by Prospect Mortgage and I must say I felt like a little kid in a candy shop. He spoke about ActiveRain and Twitter and making the most of these tools in our industry today. He also mentioned the best way to turn the leads you receive from these avenues into real transactions. It's called HBM (Home Buyers Marketing).
Realtors: You can't pass this up! HBM is a A FREE comprehensive, online solution to finding a new home. Private, password-protected website designed to get the homebuyer involved in their home … (8 comments)
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mortgage: How to Lower Your Property Taxes - 03/21/09 04:48 PM
How to Lower Your Property Taxes
Because your property tax is directly related to the value of your home, you have an opportunity to lower your property taxes* if your community has experienced declines in real estate values.
County authorities determine the taxation on a given property by multiplying the property tax rate by the property value. For example, if your home value is $800,000 and the property tax rate is 1%, then your property tax bill is $8,000 annually.
If market conditions have resulted in a decline in the value of your home, it is your right to have your … (0 comments)
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mortgage: Investors Cheering: Fannie Mae Rolls Back Investor 4 Property Limit - 03/04/09 10:23 AM
Well, it's about time......real estate investors can once again own and finance up to 10 individual properties. The restriction reversal does come with new minimum requirements, however.
Homeowners buying properties 5 - 10 must meet the following standards, as set forth by Fannie Mae:
1. 720 credit score 2. 25% down payment for a 1-unit (30% for a 2-4 unit) 3. No mortgage delinquencies in the last 12 months 4. 6 months of reserves for each investment property
Fannie Mae is re-opening lending for real estate investors with good credit, a sizable down payment and ample reserves.
According to Fannie Mae, … (0 comments)
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mortgage: CalPERS Home Loan Purchase Program - 03/02/09 10:38 PM
The CalPERS Member Home Loan Program offers members security, protection, and choice when purchasing or refinancing a home.
All active, inactive, and retired members of CalPERS, the Legislators' Retirement System, the Judges' Retirement System, and the Judges' Retirement System II are eligible to participate.
The program offers both fixed and adjustable rate loans, 100% loan financing, special loan programs, rate lock options, and more.
The 100% Financing Option was created to help members who qualify secure a down payment who would otherwise not be able to purchase a home.
The guidelines require a CalPERS Conventional Mortgage Loan, … (1 comments)
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mortgage: Do 1st Time Home Buyers Understand How to Take Advantage of the New Tax Credit? - 02/28/09 09:30 AM
Here's How the New $8000 Tax Credit Can Help 1st Time Home Buyers:
The American Recovery and Reinvestment Tax Act of 2009, which is the part of the stimulus law that deals with the first-time homebuyer tax credit, changes the tax credit that is currently in place. Here are the details:
The credit is for 10% of the purchase price, up to $8,000. (The old law was also for 10% of the purchase price, but only up to $7,500.) The new law extends the period during which you can buy a house and get the credit until December 1, … (0 comments)
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mortgage: FHA Streamline Refinance -Thousands of Homeowners Lowering their FHA Loan Payments - 02/07/09 09:45 AM
FHA Streamline refinances are offered with
No appraisal No employment verification No asset verification No underwriting No money out of your pocket No occupancy requirement Thousands of homeowners are taking advantage of FHA's Streamline refinance They are realizing that they can lower their interest rate without having to provide all the traditional income and asset verification.
The streamlline refinance is available without needing an appraisal. When you choose an FHA Streamline Loan, you can refinance your existing FHA-insured loan with less paperwork and lower costs than you would have with other home loan refinancing solutions.
Refinancing your current FHA loan can … (2 comments)
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mortgage: Attention Investors & Primary Residence Buyers.... Sweet Deal -- Fannie Mae Offers New HomePath REO Loan - 01/30/09 11:46 PM
Fannie Mae Offers New HomePath REO Loan
WE LEND IN ALL 50 STATES Buy a home for only 3% down or an INVESTMENT PROPERTY for only 10% down!
Fannie Mae, the agency sponsored by the U.S. government to help make housing more affordable to all Americans, now offers HomePath, a special new home loan to finance the sale of its current real-estate owned (REO) properties across the country.
Prospect Mortgage is among a select group of mortgage lenders nationwide who can offer the HomePath loan to get you into one of these homes! Here are the key benefits of a HomePath … (4 comments)
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Julie Chroust, NMLS# 249458, Direct Lender & Mortgage Banker
Walnut Creek,
CA
More about me…
Julie Chroust, Prospect Mortgage, Walnut Creek, CA
Address: 1910 Olympic Blvd,, Suite 120, Walnut Creek, CA, 94596
Office Phone: (925) 516-5809
Cell Phone: (925) 381-1481
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