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finance: The Art of Database Management - 11/30/10 12:10 PM
Most of us are sales people when you get right down to it. Our job is to sell our services - and ourselves - as we strive to add more clients to our existing book of business. The unfortunate fact is that most of us are in such a hurry to sell our services that, in the process, we forget to do the most important thing relative to sales. Remember the quote from Bill Gates? The most important thing we can do is gather as much information as possible and understand what our customers need. From there, we can construct a … (1 comments)
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finance: Tick Tock Tick Tock, It's time for a home loan checkup - 11/01/10 12:14 PM
They say that home is where the heart is. Yet do you know that a mortgage is the heart of every good financial plan? Making sure you've got the right one can save you a ton of money, along with creating wealth and financial health for your family. And with home loan rates near historic lows, now is the perfect time for a home loan check up.
When it comes to determining if your mortgage is still the right one for you, some important factors to consider include the type of loan (or loans) you currently have, your current loan balance, … (0 comments)
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finance: Are You Working in the Informational Zone or in the Influential Zone? - 08/18/10 12:10 PM
Go from Relationships to Referrals!
Have you ever...
had a client go from sold to gone or sold to doubtful when you sent them the paperwork had a buyer who was hot to trot to write an offer but cooled off as soon as they got the paperwork had a networking partner who had shown all signs of referring you business but didn't had a past client who had a terrific experience, but didn't refer you business If you have, you probably got confused about which communication tool should be used to deliver what message. The Informational Zone includes Advertising, Direct … (1 comments)
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finance: Five Tax Breaks Every Homeowner Should Know - 08/16/10 12:32 PM
Benjamin Franklin once said, "In this world nothing can be said to be certain, except death and taxes." More than 200 years later, this certainly holds true. And while being a homeowner won't add years to your life, the modern tax code has a number of benefits certain to make your tax bill lower. The following are a few ways your CPA or Tax Preparer can help you save: Take an interest in your mortgage interest - Statistics show that only about half of homeowners claim this valuable deduction. Make sure you're one of them. On average, qualified American homeowners … (0 comments)
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finance: Great News for Buyers with a Short Sale! - 07/22/10 12:53 PM
There's great news from Fannie Mae for home buyers who have experienced a short sale or deed in lieu of foreclosure. To help the housing market's continued stability, Fannie Mae is changing the "waiting period" (i.e. the amount of time that must elapse after the preforeclosure or short sale event) before home buyers can qualify for a loan. Several factors will impact these changes, including the required down payment or loan to value (LTV) for the transaction and whether extenuating circumstances contributed to the individual's financial hardship (e.g. a job loss). The following chart highlights the new rules:
(1)The maximum LTV … (3 comments)
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finance: How long should you keep your tax returns - 07/21/10 11:46 AM
… (2 comments)
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finance: Credit Card Fine-Print Pitfalls - 07/12/10 01:23 PM
Credit card companies are great at marketing their latest features, but before you sign on the
dotted line, read the fine-print carefully and look for some of the following fine-print pitfalls:
Cash Advances
- The convenience of getting cash is very expensive when it comes to some
credit cards. Many credit cards not only charge an upfront fee of up to 4% of the advance, they also
carry higher interest rates than other charges on the same card, and have no grace period
whatsoever. But here's the sneaky part: many credit card companies will require that balances for
regular purchases … (2 comments)
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finance: Credit Reports: When One May Not Be Enough - 07/06/10 11:33 AM
Credit Reports: When One May Not Be Enough
Fannie Mae has instructed lenders that they should adopt a new policy that could involve a second review of an applicant's credit report just prior to closing. When reviewing defaulted loan files, they have determined that the credit profile of a borrower may have changed from the time of the initial review of the credit report and at the time of closing.
The potential impact to a borrower who has utilized credit to make significant purchases after the initial credit report could include a delay in closing, increase of closing costs and/or interest … (2 comments)
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finance: Tax Credit Extention ends. - 07/01/10 12:15 PM
First-time homebuyers will have until Sept. 30 to close on their purchases and land an $8,000 tax credit under a bill passed by the Senate late Wednesday.
President Obama is expected to sign the bill, which was overwhelmingly approved by the House on Tuesday. The deadline had been June 30.
The bill doesn't help anyone currently shopping for a home. Buyers must have signed a contract by April 30 to qualify for the tax break. At issue is when the deal must be finalized.
Qualified existing homeowners also have until Sept. 30 to close on new homes and receive a tax … (0 comments)
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finance: The 1 Force That Can Really Change A Mortgage Rate - 06/30/10 12:17 PM
All day, every day, conforming and FHA mortgage rates in Washington State are in flux. Rates move in response to hundreds of factors which exact varying levels of influence.
Among the biggest influences on mortgage rates is inflation. When inflation is unexpectedly high, mortgage rates tend to rise quickly. Conversely, when inflation is unexpectedly low, rates tend to fall quickly.
But what is inflation?
By definition, inflation is when a currency loses its value; when what used to cost $1.00 now costs $1.10.
As consumers, we recognize inflation by the items we buy on a daily basis becoming more expensive. … (0 comments)
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finance: Homebuyer credit may be extended - 06/17/10 12:41 PM
With the cutoff to qualify for a federal tax credit fast approaching, Congress wants to delay the deadline for consumers scrambling to close transactions.
Congress is considering an extension for would-be homebuyers who are racing to close home sales in order to receive a federal tax credit.
The real-estate industry has warned that tens of thousands of buyers who rushed to buy homes to qualify might not close before the deadline imposed by Congress, meaning they could miss out on receiving credits worth thousands of dollars if lawmakers don't act.
Congress last fall extended an $8,000 tax credit for first time home buyers and … (0 comments)
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finance: Another lender in trouble - 07/31/07 12:09 PM
American Home Shares DelayedAfter Banks Make Margin Calls
By MIKE BARRISJuly 30, 2007 11:31 a.m.NEW YORK -- Shares of American Home Mortgage Investment Corp. didn't open for trading Monday morning after the company said late Friday its banks are demanding it put up more cash after the mortgage lender wrote down the value of its loan and security portfolios.
The prime and near-prime mortgage lender said it has delayed paying dividends on its common stock and may delay payments on its preferred shares because of the margin calls. On June 28, the company had reaffirmed its intention to pay the dividend.
The Melville, N.Y., … (2 comments)
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Jerry Wright MLO 181458
Marysville,
WA
More about me…
Absolute Mortgage
Address: 3503 188th ST SW, Lynnwood , WA, 98036
Office Phone: (425) 771-2349
Cell Phone: (425) 238-2095
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