This is a great gift for post closing at over 50% off the retail cost, I am going to buy 10-15 of these and use them all year. go to www.buckyourself.com and get the details or to buy. … (0 comments)
mortgages: Connecticut Mortgage Rates Drop To Near All Time Lows : CT Mortgages
- 01/19/08 01:38 AM
Connecticut Mortgage Rates Drop To Near All Time Lows This is a great time to refinance or purchase a home! If you are a home shopper last month you would have a rate around 6.25%, this month you buy that same house and save $139.36 a MONTH! Example of a 30 year fixed mortgage with a $250K loan amount: Last Month's Rate 6.25% = $1,539.29 Proposed Current Rate 5.375% = $1,399.93 That's $139.36 SAVINGS A MONTH !!!!! Buying or refinancing now is the time to do it before rates move back up! With Our Low To Moderate Income Borrower Program The Rate May Even Be Lower!Call Leo Namiot … (1 comments)
mortgages: Legistative Update
- 12/24/07 05:26 AM
Legislative Update Update # 1 - Mortgage Relief Passed by Congress & Signed Into Law by the President! On Thursday, December 20th, President Bush signed into law a bill passed by Congress: HR 3648 -Mortgage Forgiveness Debt Relief Act of 2007. The three major points are: · Elimination of the "phantom tax" on foreclosures, short sales or other discharges of debt on a primary residence. Consider this scenario: A property is worth $250,000, and the mortgage balance is $300,000. Under the old rules, if a lender forgave the $50k difference as part of a foreclosure, short sale, refinance or loan modification, the borrower had … (0 comments)
mortgages: The mortgage rate squeeze is on! FNMA/FHLMC impose increases!
- 12/17/07 03:56 AM
As it continues to get cold here in Connecticut the mortgage melt down continues with over 200 major mortgage lenders now closed and now the big boys not only have tightened guidelines but have started to impose a hit to pricing which increases the rate or costs of a mortgage to borrowers! The way I see it the consumer once again is paying for the mistakes of loose lending, too many lenders overlooked things and also allowed people who had no business to get a mortgage obtain a mortgage. With all the lenders and investors taking hits in their pockets these lenders/investors … (1 comments)
mortgages: HR 3915 Legislative Update
- 11/08/07 11:28 PM
HR 3915 Legislative Update The House Financial Services Committee approved H.R. 3915 by a vote of 45-19. This clears the way for the bill to be voted on by the full House of Representatives as early as the week of November 12. If it is passed by the House, the bill will be sent to the Senate for their modifications and/or approval. If the Senate modifies it, the House will need to approve the modified version before it is sent to the President and signed into law. Therefore, there is still quite a ways to go before this bill actually becomes … (4 comments)
mortgages: What is Best phone system for an office
- 08/31/07 02:24 PM
First I want to thank everyone in advance for giving their 2 cents worth on this subject, I greatly appreciate it. I am setting up a new mortgage office and looking for idea's on what type of phone system is best for about 8 people? I see a lot of different systems including Virtual PBX systems. What is the most bang for the buck?
Thanks again, Leo … (1 comments)
mortgages: Ex-American Home Mortgage manager going to prison
- 08/30/07 02:09 AM
Ex-American Home Mortgage manager going to prison. A former American Home Mortgage Investment Corp. branch manager in Alaska, hired at the now-bankrupt company after an FBI probe caused him to be fired from Countrywide Financial, was sentenced Monday to serve more than two years in prison. Read acticle @ http://www.newsday.com/business/ny-bzahm0829,0,1995673.story
It's really not worth bending or breaking the rules now is it? … (3 comments)
DON'T LEAVE HOME WITHOUT THEM! Just like the old American Express card commercial. It's embarrassing to want to exchange cards and not have one. Put a handful of cards in every jacket, purse, bag, knapsack, gym bag, in your car. Never be anywhere without business cards at hand. ASK BEFORE GIVING A CARD. Would you save someone's card that just pushed it into your hand? Ask "Can … (2 comments)
mortgages: The Fed's Big Move
- 08/21/07 03:40 AM
The Fed's Big Move On Friday, the Federal Reserve cut its Discount Rate to member banks by 0.5% to 5.75%. Officially, the Fed said that it was acting to "promote the restoration of orderly conditions in financial markets." The Fed also said it would allow banks to borrow unlimited funds at 5.75% for 30 days, rather than the overnight loans previously allowed at 6.25%. By cutting the Discount Rate instead of the Federal Funds rate, the Fed signaled that it believes the credit market problems are mainly confined to the financial system, and aren't yet impacting the broader economy. The cut … (1 comments)
mortgages: Connecticut Loan Officers - Your job secure? Looking for a place to grow?
- 08/16/07 02:56 PM
With all the closings of mortgage companies I am sure there will be a large pool of Loan Officers without a job. If you are a self starter with a great track record of success contact me and let's see if we are a fit. Benchmark Mortgage is a national mortgage banker as well as a broker. Benchmark does not service loans so the companies risk is very minimal. Our banked loans are sold with a 10-15 day window on avg. which leaves Benchmark with nearly no risk or debt. Benchmark has about 400 offices now nationwide and growing while others are falling. If you … (0 comments)
mortgages: Guideline Changes - Mortgage LO's and Realtors -->Please Read - I really think you will like this!
- 08/16/07 12:23 PM
As we all know the guidelines in the mortgage industry are changing rapidly and we need to all stay on top of these changes as they can effect our closings and we don't want any surprises before closing or at the closing table. I think you will find these guidelines to your liking. With all the negative stuff in the mortgage market this should be something to lighten up your take. Keep in mind these guidelines may have changed since I have gotten them and are not guaranteed accurate. … (1 comments)
mortgages: Connecticut Home Mortgage - 100% Financing Program - Benchmark Mortgage
- 08/16/07 06:56 AM
Connecticut Mortgages Are Still Available With 100% Financing, we also offer Lender Paid MI Contact Leo Namiot Benchmark Mortgage for complete details, let's close your deals! Also ask about VA Mortgage Loans and FHA Loan Programs. Your job is to sell homes my job is to close loans, let's close your deals together! Leo Namiot - www.LeoLends.com … (0 comments)
mortgages: Is Countrywide the next to fall? Countrywide plunges on bankruptcy fear
- 08/15/07 12:22 PM
I found this interesting. Is Countrywide Home Loans the next lender to take a fall in the mortgage business? There are a lot of things flying around out there about Countrywide and they are not so good things Countrywide plunges on bankruptcy fear http://money.aol.com/news/articles/_a/countrywide-plunges-on-bankruptcy-fear/n20070815182409990024 Also Today on Bloomberg: Credit crunch is huffing and puffing and may blow her new house down. Countrywide, Mortgage Lender Bond Risk Rises on Default Fears By Shannon D. Harrington and Hamish Risk Aug. 15 (Bloomberg) -- The risk of owning the bonds of mortgage lenders and insurers rose after a Merrill Lynch & Co. analyst raised the possibility … (11 comments)
mortgages: The cost of a night out at the ball park! Wow call a cop, I think I was robbed! Yankees Stadium Night Out
- 08/01/07 02:08 AM
Last night was a great night to take in a ball game and what better place than Yankee Stadium? Maybe not.... My cousin called me Monday night and had tickets to last nights Yankees vs White Sox game, these tickets were no ordinary tickets, they were 5 rows behind home plate with a field level view and and up close and personal with the action. On a night where we were looking a possible tri-fecta in MLB history with A-Rod Going for Career Homer 500, Bonds Looking To Tie the all time Home Run Record and Tom Glavine Going For Career 300th … (6 comments)
mortgages: Another Lender on it's way out? American Home Mortgage
- 07/30/07 09:21 AM
Is American Home Mortgage Next? I have been following this company for a few years, why? Because I worked for them for over 3 years and I really loved the company, they were great to work for and had some excellent products. AHM had some outstanding technology and marketing systems. In a nutshell I thought AHM had it all.... I would have not left if it were not for the promises made by Wells Fargo to get me to join their company, they blew so much smoke it was not funny, after a few months of courtship and promises (unfilled) of the Great Name Wells … (5 comments)
mortgages: Subprime Lenders Got What They Deserve -
- 07/29/07 03:49 AM
With now a reported 105 Major SubPrime Lenders Lenders Shutting Shop (http://ml-implode.com/) We all see that the subprime market got what they deserve. I can't figure out why anyone should be held responsible for their bail out? They well knew what they were heading for. We all want to help people buy their own home but how do you lend 100% financing to a person with 500 FICO scores and not think you were going to foreclose on that property shortly down the road? Let's be realistic, you have a person with a 500 FICO score they have collections from just about … (47 comments)
mortgages: Mortgage Shopping and Mortgage Rate Shoppers - Connecticut Mortgages
- 07/27/07 09:27 AM
I get calls all the time asking " what is your rate" , I am sure everyone in the mortgage business get's these calls daily as I do. People who are calling every lender in the local phone book or shopping the internet should be educated on how to shop for a interest rate before they start dialing every mortgage company looking for the lowest rate. People need to ask every lender they talk to the same questions or they may get different rates for the same products. Compare apples to apples. I have a list of about 10 questions I offer shoppers to … (0 comments)
mortgages: Time Management A Problem?
- 07/18/07 01:20 AM
One of my biggest faults is time management I get so consumed in my daily work and distractions that I often find myself looking up at the clock and it's 4pm and I had not done 50% of what I set out to do at 8am. A couple of weeks ago at a company gathering we talked about what our biggest daily issues were and I explained my problem with time management. One of the guests at the meeting offered to send me a copy of a book by Todd Duncan called " Time Traps", I received the book last week … (3 comments)
mortgages: Commercial Lending up to 97% LTV, Full Doc, 580> FICO
- 07/17/07 08:34 AM
Mixed Use and Commercial deals $100K to $1.5mil, up to 97% financing, Full Doc Loan. FICO Scores 580> The only bank cost is $495 application which is credited back at closing if the buyers accepts our deal within 10 days of us presenting an offer to customer. The buyers will have to pay for the appraisal of course at the time of order Answers usually within 24-48 hours of compelted application.
Don't pass up small commercial and mixed use deals!
Connecticut Home Mortgage Loans,Commercial Mortgages,CT First Time Home Buyers,CT Low Rate Mortgages, Connecticut Real Estate, www.LeoLends.com, CT CHFA Mortgages, Connecticut VA Mortgages, CT FHA Mortgages,Connecticut Mortgage Pre-approvals
You can get $40 worth of flowers and or gifts for only $18, you get a $40 gift vouchure and go to the web site to order what you want (FTD National delivery) Use the vouchure towards the purchase. it is valid up to 1 year.
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