home: Where's the Benefit? - 02/13/07 11:10 AM
On December 15th of 2006, Bryant Tutus, wrote a blog on the Real Estate Network "Active Rain" labeled, "Your home is your castle, not an ATM machine!"
Broker Bryant brings up many good points within the article, explaining the cycle that many homeowners get caught up into when refinancing their homes. Many ads … (8 comments)
|
home: But They've Been Scrubbed! - 01/24/07 11:41 AM
I was wondering what my topic of the day would be for a blog, then I got a call and the perfect topic came up. A lead generation source called me up just a few minutes ago and was offering, yet again....to buy mortgage leads from "reputable sources."
This telemarketer had a slightly … (6 comments)
|
home: The Power of "Truth" and Seeking to Understand Your Clients! - 01/22/07 08:51 PM
I don't understand why many in my industry can't grab onto the "Power of Truth" and the need to understand a clients' needs! I have received several new calls this week from new and potential clients that are looking to refinance their homes from their once "all time low" payment to … (1 comments)
|
home: Demanding a Rate Over the Phone! - 01/18/07 11:25 AM
I received an interesting call yesterday, so I figured that I would share it for the world to see my response...Or atleast possible California clients and Associates :)
The potential client called me and started rambling about random things, I tried to keep some flow to the conversation. In the end, … (24 comments)
|
home: Now I need flood insurance!? - 01/16/07 01:09 PM
I had a client call me this weekend that just received some alarming news. Their mortgage recently got sold to a different lender. She had two different issues:
1.) Their mortgage had sold to another lender and now the new lender was requiring flood insurance on the home, which WAS NOT REQUIRED BEFORE! She was … (4 comments)
|
home: Home Loan Documentation Types - 01/16/07 11:56 AM
Are you wondering what types of documentation loans are available? Banks and investors have come up with a variety of loan types to help borrowers qualify easier into home loan and refinance products.
While some may be worried about being able to qualify for a home, you'll be amazed at the … (8 comments)
|
home: Taking it to the next level with a new client.. - 01/16/07 11:52 AM
I had a great sit-down today with a new client. She is a First Time Home Buyer that wanted to meet face to face with me...I love it! Back in the old days, transactions were only done in such ways. You could look a person in the eye, listen to their … (2 comments)
|
home: Lowballing agent commissions and higballing asking prices! - 01/08/07 04:56 PM
Many asked me this year if there is a way to lowball a real estate agents' commission. My answer is very simple, "You get what you pay for!" If you were in need of a doctor and you were about to go into surgery, would you lowball the doctor? If you were … (3 comments)
|
home: Chico,California Housing Market Report For January 2007 - 01/02/07 06:13 PM
Hey Everyone,
Virgil Cole is an awesome Real Estate Agent at Prudential Real Estate in Chico, California and he puts together a comprehensive market report of what has been taking place in the local Chico market over the past few months. He spends alot of time putting together the data and I'm sure … (4 comments)
|
home: Are You Feeling Lost With Your Current California Home Loan? - 12/26/06 11:56 AM
Are you feeling lost with your current California Home Loan? You don't know when your home loan is about to adjust...But, you know it's soon! You don't know when it is going to "flip to an adjustable rate." You don't know when the prepayment penalty is over from your previous refinance.
Don't … (0 comments)
|
home: California Real Estate and Young Couples - 12/24/06 11:42 AM
Last night, I got into a good discussion with some family and friends about how things have changed in Real Estate...Specifically...For Young Couples!
Over the past few years, there have been some MAJOR changes in the Real Estate Market!
Homes across the United States have doubled, tripled and even increased in some parts … (23 comments)
|
home: Helping Your Clients Relocate to California! - 12/20/06 01:25 PM
This blog is to everyone in the Active Rain community and professionals in states outside of California! If you have clients that are looking to relocate to California from your state and you don't have a resource for them...I would appreciate the opportunity to be it! I own Beach Town Mortgage in Southern … (4 comments)
|
home: Going to bat for clients! - 12/15/06 05:19 PM
Each and everytime we get a new client at Oak Valley Mortgage or Beach Town Mortgage, we go to bat for our clients! What does that mean? Here's a list of things that you can expect from us...
1.) We look out for YOUR BEST INTERESTS! I.E. What are your goals? What are you … (2 comments)
|
home: Going Beyond "The Rate..." - 12/14/06 11:56 AM
Everything in the mortgage industry is geared towards the rate. What are your rates? Who has the best rates? What are the rates doing?
I'm here to tell you that the mortgage industry goes far beyond what the rate is. The rate is just a number! Yes, a number the ultimately determines … (21 comments)
|
home: California Taxes and Insurance - 12/12/06 12:29 AM
The standard rule for estimating monthly property tax and hazard insurance paymentsfor a purchase transaction in the state of California are as follows:Taxes = Purchase price X .0125 / 12Hazard Insurance = Total Loan amount X .0035 / 12.Example 1 - Purchase price = $500,000. Loan amount = $400,000.Taxes = $500,000 X … (2 comments)
|
home: Equal Opportunity Lender - 12/02/06 12:30 AM
Understanding the importance of Equal Opportunity Lending is very important to us in the mortgage industry. It's symbol is much more than an image, which simply represents happy thoughts. Rather, it represents the commitment to not discriminate against our clients and/or potential clients based on race,sex,national origin and a multitude of areas … (2 comments)
|
home: 2007 Conforming Loan Limits-Important Update! - 11/28/06 10:30 AM
Hello Everyone,
I thought that Real Estate Agents,Lenders and consumers would like to know that the OFHEO (Office of Federal Housing Enterprise Oversight) had a News Release on November 28th 2006, which confirmed that the 2007 Conforming Loan Limit for one unit properties would remain at $417,000 for most of the United States. So, what does … (4 comments)
|
home: Protecting Your Clients Private Information! - 11/27/06 09:58 AM
Working in the lending business, there is a major topic that must be talked about. What is it? Your client's privacy. I had a client say to me the other day, "wow, you know more private information about me than my partner now!" To which I replied, "and you can feel … (5 comments)
|
home: Real Property versus Personal Property~Mobiles and Finance - 11/26/06 02:32 AM
There have been a few times this year that I've come across issues with agents and clients over the distinction between Real Property and Personal Property when it comes to mobile homes. In the eyes of many, mobile homes are just that...homes!
But, there is a clear distinction between a mobile home … (14 comments)
|
home: Giving Clients a Shot of Reality! - 11/13/06 12:22 PM
From time to time, I feel like I need to give clients a "shot of reality!" Why? All consumers are out there listening to crazy, unrealistic offers in the media about home loan programs that few often qualify for....and the ones that do, often don't want the product to begin with! Ofcourse, everyone … (8 comments)
|
;)
;)
