If you or one of your client's are considering purchasing a commercial real-estate property, I have some excellent "Stated" commercial loan products to offer. That's right, stated, no more red tape, no more mounds of documents upon documents to gather. This program is as streamlined as residential underwriting guidelines. All property types considered. Fico scores are not an issue. You no longer need a 700 credit score or higher to qualify for commercial lending! Some programs are structured for scores as low as 580. Also if have a commercial property that you would like to refinance and cash out some equity for either expanding your current business or investing in a new property, I can structure your loan in accordance with your financial goals.
These programs offer quick closing, (35-45 days).
Now through the end of this year, appraisal fees will be reimbursed at closing (up to $1,500.00)!

For further information on these and other programs, please contact me.

Rates on 30-year mortgages, after having fallen to a seven-month low, rose this week for the first time in five weeks.

Freddie Mac reported Thursday that 30-year, fixed-rate mortgages rose to 6.37 percent, up from 6.30 percent last week, which had been the lowest level since they were at 6.24 percent the first week of March.

Analysts attributed the increase to lingering fears in financial markets about inflation.

"Renewed concern that inflation is still an issue put some upward pressure on bond yields, which generally translates into higher interest and mortgage rates," said Frank Nothaft, chief economist at Freddie Mac.

Nothaft said that adjustable rate mortgages were especially sensitive to the increased inflation worries. The increase in those rates narrowed the gap between adjustable and fixed-rate mortgages.

Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, averaged 6.06 percent last week, up from 5.98 percent last week.

Rates on one-year adjustable rate mortgages jumped to 5.56 percent, up from 5.46 percent last week.

Rates on five-year adjustable rate mortgages rose to 6.10 percent, up from 6.00 percent last week.

The mortgage rates do not include add-on fees known as points. The 30-year and 15-year mortgages each carried an average nationwide fee of 0.5 point. The one-year ARM had a nationwide average fee of 0.7 point and the five-year ARM carried a fee of 0.6 point.

A year ago, 30-year mortgages averaged 6.03 percent, 15-year mortgages stood at 6.06 percent, one-year ARMs were at 4.85 percent and the five-year ARMs were at 5.57 percent.

If you have equity in your home and are planing to keep your home, refinancing now into a fixed rate mortgage might be the way to go.

Ok I am going to take a stab at this subject, please be gentle.   Most of last week I spent hours on the phone trying to schedule appointments at the local realtors offices in which hire new realtors. For example C21 and Keller Williams. As time went on, call after call, my head was pounding and throbbing. For a majority of the calls, I couldn't get past the receptionist.  My objective here was to secure new realtor realations by offering them 1st time home buyer training as well as 100% n/o/o invester training. I even offered to bring freebies such as lunch, a coupon for a free post for the signs I know they will eventualy need to hang for their first listing, even to pay for and handle replenishing and monitoring of their flyers, etc.  Perhaps my outlook on what the results of my calls would generate was a bit naive. I thought this would be something companies like C21 and Keller Williams would feel beneficial.  I was wrong.  Apparently information on these programs along with free lunches has saturated these companies so much, no one is interested or hungry.  This brings me to writing this blog and to my knee's as I ask you realtors; What really would it take for you to consider giving another loan officer a chance to work with you and your clients?  Please, if you would, provide some useful tips for me and others like me so that I may use this valuable information in my pursuit of building new realtor relationships.

Your comments and imput would be very appreciated, again please be gentle

Did you know that your current Chapter 13 bankruptcy is eligible for refinancing and paying it off?  With cash out options!

Yes this is true. Many brokers won’t and in some cases, do not know how to process this type of refinance.  They are not your ordinary refinance/cash out deals most are familiar with. These can be very complex to process; however the benefit of doing this equals substantial savings.  In some cases I have funded, the savings was close to $2000.00 monthly with cash out. As you can see, it is worth the paper work involved!  Not only is the monthly savings substantial, your bankruptcy becomes discharged once the trustee receives the funds for payoff, and your credit score will increase up to 50 points once it is satisfied.  Bankruptcy buyouts allow you a fresh start, a second chance. It will offer a manageable monthly payment than your current mortgage payment along with your bankruptcy.  I have many years experience in processing these types of loans. My reward is immense in knowing I have helped my clients get back on track with their finance and their credit!

There really is a light at the end of the tunnel; I am here to help you find it.

Lisa

Mortgage brokers do the work of searching for the best deals and matching them up with your desires and qualifications. While some borrowers have the time and don't mind shopping from lender to lender while dealing with numerous people, building a new relationship with each new lender, brokers already have an established relationship with many lenders and the RIGHT broker will truly work to keep you informed and insure you are happy with the loans and services they provide to you. If your broker doesn't take the time to explain things to you that confuse you or that you think are surprises in the process, that broker may be over committed and too focused on one thing (making money) and sacrificing good service to get it. Remember, you are not locked into any broker until the deal is done and closed. If you are unhappy, you have the option of severing the relationship and moving on. The right broker can make all the difference, the wrong broker will leave you feeling frustrated and probably with less money in your pocket than you realize. It's a give and take relationship, deal with someone who gives equally as much (or more) as he/she takes. 

I just wanted to share some interesting information with all of you regarding your own real estate. 

Did you know when a home is used for film or television setting, the owners can reap the rewards, and you can too!

Just by renting out your house it can pay for your mortgage for a few years.

Keep in mind although the pay is substantial, this isn’t for everyone.  Why you ask, well for starters when you consider you will have over a 100 person crew and lighting people knocking down everything you own, you will also lose what privacy you have. Oh and yes the neighborhood traffic, it’s just that traffic. It is an inconvenience for the neighbors.

This is something to think about.

For this reason production companies are willing to pay fees of $1000 to$15,000 per day depending on the budget of the film, length of time of shoot and the type of home being used.

There are more than the monetary perks associated to this.

Some is the necessary cleaning and the fix-ups.  Film companies try to leave a home in the same condition as they found it if not better. The fix-ups are authorized of course with the home-owners permission and can include a new coat of paint to a total landscape overhaul.

And once your home is featured in a movie, who know's maybe a magazine ad will follow.

So while the flood of cars, cast and crew that come along with a shoot can be a temporary inconvenience to the neighborhood, a film can also be a financial boon for an entire community, as well as the state. Local businesses such as caterers, restaurants and hardware stores benefit from the influx of clientele and service needs--not to mention the number of residents employed by the entertainment industry who suddenly have work.

If you want to get a leg up on your competition, list your home with your local film commission as well as with location agencies. These agencies will aggressively promote your property, in exchange for a cut of 10% to 30% of the shooting fee.

Just think of the fun and allure of participating in the process of Hollywood as well as having some nice stories to share at your party, of course, not to mention the added value your home will gain once its been associated and featured in Movie,Commercial or a Magazine ad.