marysville: How long do I have to wait to buy after a BK? - 06/20/12 04:47 AM
I get asked this question at least once a week.  I also get asked what if I short sale my home or let it go to foreclosure, then how long do I have to wait?  The answer is simple yet complex.  First off it depends on the type of bankruptcy, 7 or 13.  It also depends on if there were any extenuating circumstances. 
Conventional, chapter 7 you must wait at least 4 years and as much as 7.  If there was a deed in lieu or a forclosure it will most likely be 7 years from transfer date.
FHA, chapter 7 … (0 comments)

marysville: USDA is adding Monthly MI - 09/01/11 09:48 AM
In a surprising announcement, the USDA Guaranteed Rural Development Home Loan Program announced starting October 1st, 2011, they will begin collecting (charging) monthly mortgage insurance of .3%, but their up front mortgage insurance will be reduced from 3.5% to 2%.
If you are unfamiliar with the no down payment 100% financing USDA Guaranteed home Loan, please give me a call. 
Why is the USDA now charging monthly mortgage insurance? Due to some upcoming nationwide changes to make mortgage lenders more accountable to the loans they approve, USDA implemented this in order to prevent the American tax payer from subsidizing the … (4 comments)

marysville: USDA is adding mortgage insurance - 06/02/11 11:51 AM
USDA Loans Will Have Monthly Mortgage Insurance as of October 1, 2011What Does This Mean To You?
USDA Rural Development and its loan program were designed to help improve the economy and quality of life throughout rural America. The program continues to remain a wonderful option for qualifying homebuyers, with zero down payment required.But a change is coming!Beginning October 1, for the first time in the history of USDA, the Single Housing Guaranteed Loan Program will have an annual fee. This fee will be calculated based on the guaranteed loan amount and based on the average annual scheduled unpaid principal … (0 comments)

marysville: Super Conforming loan limits to expire Sept 30. - 05/27/11 11:31 AM
Over the last few years, the government has funded mortgages as large as $729,750 in high-cost areas throughout the country. Those loan limits were temporarily increased because the economy was struggling and many lenders would have refused to make those loans without the government covering the risk of default. But now those loan limits are due to expire in just a few short months, on September 30, 2011. So, why is this a big deal? Mortgage rates are typically much lower when they are supplied through Fannie Mae and Freddie Mac. When these loans are no longer allowed under Fannie Mae … (0 comments)

marysville: HUD does it again - 02/16/11 07:22 AM
Can you believe it?  HUD announced today that starting April 18th the mortgage insurance on FHA loans will go from .9 to 1.15% for it's monthly mortgage insurance.  They recently bumped it up from .55 to .9 monthly and now they are raising it again.  This will make the monthly payments for this great first time homebuyer program go up and less will quallify.  This makes no sense at all!
If they want to do something that actually helps the market why not have a program that allows people who make their payments on time and have income to support those … (0 comments)

marysville: The Key to Creating Intimacy; Use a Concierge Form - 12/07/10 06:51 AM
Superstar REALTOR Terry Moerler has clients fill out a concierge form at home, prior to meeting with them. This helps her better understand those prospects and target their hot buttons. It affords her an opportunity to probe their minds, know their likes and dislikes, and then meet their needs with efficiency.The more you know about your clients' needs, the better you can adapt your presentation to exceed their expectations. But you must implement a system for gathering this information up front. After the initial information is obtained, you and your team members must collaborate in an effort to collect additional facts. … (0 comments)

marysville: Make Your Next Open House a Winner - 12/03/10 03:49 AM
Many Real Estate professionals feel that open houses are too time-consuming. Frankly, they are time-consuming. But I can provide assistance as a mortgage professional on hand to field many questions for you regarding financing options.Even in a booming market, homes don't sell themselves. I would like to be an ally for you and assist you at your open house events by providing answers to questions about financing on location. I am prepared to help you roll out the red carpet for your upcoming open houses with the following info-marketing materials:
Pre-qualification on the spot Sample financing options for the property Current … (1 comments)

marysville: Get inside the mind of the consumer; Websites every realtor needs to know - 12/01/10 04:31 AM
Studies indicate that over 80% of today's home buyers visit the Internet long before seeking the professional assistance of a REALTOR®. This means that, thanks to popular realty-themed websites that compete for your business, your clients are already armed with more information than ever before.That's why today's savviest real estate agents must change their perspective and fight back. And the best way to do this is to visit and become familiar with these kinds of sites and the features they offer. This data will not only prepare you to answer any questions your clients might have, it will allow you to … (2 comments)

marysville: The Art of Database Management - 11/30/10 04:10 AM
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)

marysville: Stop Paying your Landlords Mortgage!!! - 11/22/10 03:59 AM
It's staggering when you think about the cost of living, especially if you're a renter and not a home owner. If you are currently paying $1,000 a month for rented housing, then over the next three years, your property management company will effectively have reaped $36,000 of your hard earned cash! You're paying their mortgage when you could be building equity in your own property.What if I don't have the money to buy a home right now?There are many loan programs available that offer low and no down payment options. Some programs permit gift money as a down payment, and often … (2 comments)

marysville: Be the Gate Keeper...take control of the lead - 11/19/10 04:25 AM
The Law of The Gate Keeper states: The business professional that refers out the most business will create the most reciprocal referral relationships in return. Translation: The business professional who controls the lead WINS!Regardless of your vocation, there will always be other business professionals that you should seek to align yourself with because they represent a potential increase in business for you through referrals. The easiest way for you to develop relationships with the people you want to work with is to start off the relationship by referring new business to them. This is The Gate Keeper concept in its truest … (0 comments)

marysville: Recycling with a Payoff - 11/18/10 06:23 AM
It's safe to say that recycling plays a significant role in most of our lives, and is very rewarding when we consider the ecological impact we collectively produce by our efforts to recycle, reduce, and reuse. But, what if I told you that "going green" could be financially rewarding as well? The following are some easy ways to make a little "green" for yourself, just for doing the little things you already do to lessen your ecological footprint. Like Money in the Bank In some states, RecycleBank.com is changing the way we take out the trash. This company takes the recyclables … (0 comments)

marysville: 10 Fees You Shouldn't Be Paying - 11/17/10 05:13 AM
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marysville: What is your Mothers Maiden Name? - 11/16/10 04:41 AM
Passwords are crucial to accessing your personal accounts and information. The problem is we all have so many accounts that we worry more about remembering our passwords than we do about making sure that they actually protect our data from hackers. Because of this, we end up using passwords like our mother's maiden name or child's first name. But even if you add a few numbers to the end, those types of passwords are easy to break. And that means your data isn't safe.The following tips can help you avoid the most common password pitfalls and even implement a few new … (1 comments)

marysville: Get to the IRS on Time: Even If You Can't Pay - 11/15/10 05:19 AM
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marysville: The Four Steps To Properly Setting Goals - 11/12/10 07:28 AM
First, set a positive goal for yourself. "I will save to buy a home" is a positive goal, while "I will not spend money" is a negative goal. By focusing on the positive, you'll quit spending money because you'll be so focused on your goal that you won't notice you've stopped spending money.Second, set a date for achieving your goal. A goal is not a goal until you set a date for it. So set a date for achieving your goal, and make sure your date is attainable. If it's not, you'll become discouraged and quit. But don't set a date … (2 comments)

marysville: Five Tax Breaks Every Homeowner Should Know - 11/08/10 04:40 AM
Five Tax Breaks Every Homeowner Should Know  
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 … (0 comments)

marysville: 9 Rules to follow when applying for a home loan - 11/05/10 09:58 AM
Lenders get very cautious when your life circumstances change during the period between applying for a mortgage and closing on it.  Here are some rules that you should follow during those critical weeks:
Rule 1:  Do not change employers, become self-employed or quit your job
Rule 2:  Do not take on a long-term debt such as buying a car, boat RV or furniture
Rule 3:  Do not overly use your credit cards or let your accounts fall behind
Rule4:  Do not spend any of your cash reserves (you will need enough set aside to cover closing costs)
Rule 5:  Do not … (0 comments)

marysville: Tick Tock Tick Tock, It's time for a home loan checkup - 11/01/10 05:14 AM
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)

marysville: USDA 100% Financing!! - 10/28/10 06:54 AM
 
USDA HOME LOAN GUIDELINES
Sometimes good credit and a steady income arenot enough to qualify for a home loan at a commerciallending institution such as a  mortgage company.More rural families and individuals may be eligibleto become homeowners with the help of aUSDA guaranteed home loan. When the federalgovernment agrees to guarantee a loan, lendinginstitutions can help buyers while incurring lessrisk. Through USDA's Guaranteed Rural HousingLoan Program, low- and moderate-income peoplecan qualify for mortgages even without a down payment.Guaranteed Rural Housing LoansTo be eligible, applicants must:Have an adequate and dependable income;Be a U.S. Citizen, qualified alien, or be legallyadmitted to the … (0 comments)