mortgage: Seven Ways To Get More Out of Your Day and Life.... - 05/22/08 10:34 AM
Boy isn't this the truth? We all need to remember and implement these things everyday...when are you going to start?
Here are seven specific things you can do at any time (including right now) to amp up your energy and attitude - without caffeine or calories!
Amp Your Attitude!
Take action first. Dale Carnegie taught, "Act enthusiastic, and we'll be enthusiastic." He was right. Actions impact thoughts. Don't believe me? Ever gotten up and drug yourself around the house trying to get your day started? How much energy do you feel on those mornings? Compare that to the mornings when you … (0 comments)
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mortgage: Rates Are Finally Affecting People Who Can Refinance - 05/22/08 09:40 AM
According to the San Jose Mercury News, The lower rates have finally brought the savings to owners and would-be home buyers. I hope that means the lenders have stopped being so tight with that stuff. Glad to hear though that the jumbo mortgages are finally being helped, not enough, but thankfully they are finally being helped.
So, I guess the increased limits helped SOME parts of the country, now if they would get to the lower cost of living states and increase that limit that high!
We're waiting...
In the meantime, if you need a loan refinanced, give me a call … (2 comments)
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mortgage: To all of us mortgage originators, new and old... I Hope you enjoy this and take it to heart... - 05/21/08 01:37 PM
The more business you originate, the more time you must spend on taking care of the business. There is no breaking this cycle. This leaves a minimum amount of time to spend on marketing for busy producers. According to Dave Hershman, industry author and trainer, the only real solution is to make sure that every action achieves maximum results through the use of synergy. Maximum synergy refers to the increase in effectiveness of your marketing activities through the linkage of objectives, tools, and targets. Here are seven rules to help increase your marketing effectiveness with maximum synergy marketing:
1. Every marketing … (3 comments)
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mortgage: I have a question for all of you... - 05/20/08 04:51 PM
When you are trying to refer someone in another state through activerain, what do you look at on their profile? Do you look at their activity, what they have to offer, their beliefs, their testimonials? I am just curious because I am referring people who I can't help to others and I am just curious as to how you guys assess them to be referred.
… (3 comments)
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mortgage: Fannie Mae has announced a new policy. - 05/19/08 03:46 PM
Although Fannie Mae has written down a bunch of losses, Fannie Mae announced a new, national policy on down payment requirements for conventional, conforming mortgages the company will purchase or guarantee. I am so glad they have because this goes to show they are willing to stick their head out and see what happens and what is grabbed, regardless of this economy!! Starting June 1, 2008, Fannie Mae will accept up to 97 percent loan-to-value ratios for conventional, conforming mortgages processed through our systems that we use to do automated underwriting (Desktop Underwriter) and 95 percent loan-to-value ratios for loans underwritten … (3 comments)
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mortgage: Here we go again... - 05/19/08 02:05 PM
Somebody please explain to me why the Presidential Administration is threatening to VETO the FHA short bill? If someone owes more than what their property is worth and it is an adjustable rate mortgage.....someone is going to just walk away instaed of attempting to refinance. This is the stupidest thing I have ever heard of! I would love to refinance my mortgage, but I am 10k upside down. I know people who are over 50k upside down and their mortgage payments are skyrocketing every 6 months and they can't do anything about it! SO HELP THESE PEOPLE INSTEAD OF HURT THESE … (0 comments)
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mortgage: Strategies for Savvy Sellers, thought this looked useful.... - 05/18/08 10:23 PM
… (2 comments)
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mortgage: Some more inspiration I hope for you guys.... - 05/18/08 10:46 AM
One of my favorite quotes that came from a Successories poster was "some people dream of success while others wake up and work hard at it."
Isn't this the truth? I got to thinking about it and there are others that are out there. I read a verse in the Bible recently that says you might be a runner in a race, but there is only 1 person who wins the prize! WOW! How powerful is that? Think about it, we have to deal with buyers and sellers everyday. We have to win them somehow. Remember you are in a race … (1 comments)
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mortgage: FHA IS BAAAAAAACK AND BETTER THAN EVER (this is for those who have been hiding under a rock) - 05/16/08 02:49 PM
Federal Housing Administration (FHA) loans have become an extremely popular choice recently for Americans looking to buy a new home, or refinance an existing home. In fact, according to the FHA, the total volume of FHA loans has reportedly tripled in the last year alone - but why?In recent years, the FHA has made some important policy changes in order to be more competitive. These changes, along with the effects of the subprime collapse and the subsequent credit crunch on the mortgage and financial markets, have combined to make FHA a valuable option for many Americans, especially first-time home buyers, borrowers … (4 comments)
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mortgage: FHA-Did You Know? - 05/14/08 10:38 AM
Monthly MI is not required on loans with a 15 yr term and an LTV of 89.99
or less.
FHA does not have a declining markets policy
United States Citizenship is not required for eligibility (borrower must
be a lawful permanent resident alien with valid social security card and
evidence of lawful permanent residency - loans can also be made to non
permanent borrowers with proper documentation)
A spouse and or spouse/children are considered occupant owners when the
other spouse is in the US Military and stationed elsewhere
HUD will generally not insure more than 1 FHA loan at a time … (6 comments)
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mortgage: Can you really avoid foreclosure with FHA loans? - 05/13/08 07:38 PM
Now this sounds interesting, I saw this on a website and with all of this stuff going on...does this actually happen?
If you have an FHA insured loan, your lender may be able to work with you in order to obtain a one-time payment from the FHA insurance pool that will bring your payment schedule current. What in the world? One-time payment? Makes you wonder how much that one time payment is....doesn't it. For this option to occur, your delinquent status must be at least four months but no more than twelve months. In addition, you must be prepared to resume … (2 comments)
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mortgage: Did you know.... - 05/12/08 09:53 AM
That lenders have a tough time with the theory of a HIGHER purchase price than the actual list price? I am telling you this because if FHA is the mother of all financing right now, people are going to find ways for the seller to contribute 9% (6% seller concessions toward closing costs and 3% towards down payment assistance.) SO, when you are making an offer on a home, make sure you are not offering more than the list price. The lender's theory is if it doesn't sell for the old list price, why would that change this time? Also, if … (2 comments)
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mortgage: Short Sale VS. Foreclosure - 05/11/08 05:32 PM
Okay, I am doing this from a loan officer's point of view and of what I have seen how it is reported to credit reports.
When someone has a short sale (sells it for less than the balance owed, that the lender accepted) it reports to the credit report as a 120 day late AUTOMATICALLY and it will say account settled for less than balance owed.
When a foreclosure is reported, it says either foreclosure, 120 days late, 150 days late or ALL of the above.
There is no difference in "saving someone's credit" when it comes to either doing a … (5 comments)
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mortgage: Hot Dogs! GET YOUR HOT DOGS! - 05/06/08 09:46 AM
… (5 comments)
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mortgage: Which are you? - 05/05/08 09:08 AM
Someone sent me this today as an advertisement. I am not posting every single word, but this does make you think....
Contrary to widely held belief, success is NOT for everyone.
For instance, success is not for the weak, fragile or cowardly especially when it relates to marketing.
The first thing you need to understand if you CHOOSE to be successful is that success is not some random event that occurs to the lucky few but instead, it take hard work and guts and one fundamental understanding...
The most successful loan officers in any market are those who market best, PERIOD!
To survive and thrive in … (3 comments)
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mortgage: Five things to consider before buying a home... - 05/02/08 12:30 PM
Five Things to Consider Before Purchasing a Home Owning a home is part of the American dream and for many consumers, favorable interest rates and declining home prices make now the perfect time to buy.1) Know why you want to buy. There are many advantages to owning your own home, including the building of equity and the potential tax savings. Current housing prices and mortgage rates may also make it more appealing. It is important to understand why you want to buy a home and why now is the right time for you.2) Understand the big picture - what owning your … (3 comments)
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mortgage: A Few Tips For Everyone Referring Business to Mortgage Brokers.... - 04/28/08 08:05 PM
I was reading the news online and they gave some tips about mortgage brokers. So I have a few comments about these things they pointed out. There are a lot of new brokers in the industry. Interview your broker to see how long they have been in the industry and find out if they know their stuff! Finding out how long someone has been in the business does not always say they know their stuff! The only reason I say this is because I have been in the business a little over 2 years and a few people I know who … (2 comments)
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mortgage: Brokers are the blame for this mess?? Excuse me? - 04/27/08 06:13 PM
i was reading something in the New York Times and ran across this...
Among those blamed for the nation's foreclosure crisis, one of the most prominent targets is mortgage brokers, who have been cited by regulators, legislators and borrowers as steering people into risky and costly loans.
We are not responsible for this mess. There are many people who got loans and they were not supposed to, regardless of their situation.
Just because someone lost their job, lost income and lost their house does not mean a broker is the blame for it. Full documentation loans also default on their mortgages.
Some borrowers … (3 comments)
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mortgage: What to write about.... - 04/22/08 11:01 PM
Hmm, this is tough when you don't take others' content or try to get other ideas from other people (which yes I confess I am guilty of).
I went to this great NetParty last week (any of you ever went?)
It's a great event in different parts of the country. It is pretty much business to business. I met maybe 5 real estate agents and maybe 2-3 loan officers. I primarily met accounting people, insurance people, engineers of all types, and some in human resources or corporate benefits. I thought this is great, I can network with all these people get their … (2 comments)
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mortgage: Housing Inventory Shrinks In Atlanta... - 04/20/08 07:56 PM
Does this really make sense? It does to me!
Builders continued to reduce the pace of new-home construction in March amidst ongoing erosion in the overall economy and credit markets, according to the latest figures released today by the U.S. Commerce Department. Total housing starts fell nearly 12 percent to a seasonally adjusted annual rate of 947,000 units for the month, while single-family starts fell 5.7 percent to a rate of 680,000 units.
"The Senate has done a fine job already in moving forward with beneficial legislation, and we applaud its efforts to this point," stated NAHB president Sandy Dunn. "We urge the … (0 comments)
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