I've have being in the real estate industry for the past 10.
I work of a Remax in the New York Area.
Last week a friend of mine told me about a company Shop to Earn. a company that has only being around for the past 6 months. He is a realtor from florida that has being with them with shop to earn for the past 2 months, and he has made close to $14,000.00 per month according to him.
The company's concept on my opinion is really good. Instead of you going to Home depot, target, macys ,nike, best buy and buy any item and get nothing back.
You will have your own website with affiliates of all this major companies and you will receive a cash back %.
Example: you go to target and buy $100.00 worth of something , (u get nothing else) you go to your own website spend $100 at target (affiliate link) and get up to 10% cash back.
but that is not all, you will get points every time you purchase as well as cash back.
The way I see this company is a great opportunity for all the real estate agents to join, because we will get something back that we normally don't get anyway.
Also , every time you refer someone they will give $100.00 cash back (they call it training bonus) and also they 'll give you 200 points(and the points are cash).
BUT THE PART THAT I REALLY REALLY LIKED IS THAT YOU SIGN SOMEONE TO THE COMPANY , EVERYONE IN THE LADDER GETS 200 POINTS AND POINTS EQUAL CASH( this is the 1st time a see that a company ,similar to a multilevel gives money the people that are above your chain.
I NEED TO KNOW IF ANY OF YOU KNOWS, OR HEARD ABOUT THE COMPANY , THE GOOD THINGS, THE BAD THINGS.
because I sign up last week. and "supposlty I already made $ 8200.00 because I signed people 24 people. but the check I will receive it next month. and when i receive the check i will let you guys know.
please let me know what do you think and you can call me at 516-359-6499. or email me at reony1@gmail.com.
BECAUSE IF THIS COMPANY OFFERS AND GIVES EVERYTHING THAT THEY ARE SAYING I WILL CONSIDER LEAVING THE REAL ESTATE INDUSTRY TO JOIN FULL TIME THIS COMPANY
Private Mortgage Insurance rates have been climbing and we have received announcements that the factors for Monthly PMI (the most common form of PMI) have gone up.
Why? Much like any insurance company, they do not want to pay out and since they have been paying out more in the past couple of years do to foreclosures, they have raised rates.
What does this mean to you? Increased payments of course. here are a few examples for a 200,000 mortgage with 3%, 5%, 10% and 15% down: 3% down (not as common) was $138.33/month NOW $175.00/month 5% down WAS, $131.67 per month. It is NOW $156.67/month 10% down Was $86.67 per month. It is NOW $103.33/month 15% down Was $55.00 per month. It is NOW $63.33/month As you can see the difference is not as bad as you increase the down payment. Historically 15% down loans never go bad so there is less risk, while the lower the down payment the higher the risk, thus higher premiums.
Now more than ever, FHA is more likely to be the way for you to buy a home when mortgage insurance is required (Even with the new changes in FHA MIP )
In the past I would advise that less than 10% down FHA would be the best way to go, now it is something to consider for any down payment lower than 20%.
A comparison needs to be done to be sure the right program is picked for YOU. Keep in mind that Conventional loans have interest rate add ons below a 720 credit score.... FHA does not have Interest Rate Add ons for loans at all. There are some lenders that will put their own add ons for loans they feel are risky, (sub 620 credit score is common for add ons).
Now more than ever you need a Loan Officer that understands your needs and will review your scenario to pick the best option for YOU! Call me if I can be of assistance.
For the past week or two, clients and business partners have been asking me if they are still able to get a loan. These questions have been coming from clients who are in the market to buy homes and from realtors that are showing homes.
Every day, a new story seems to come out about how our financial system is on the brink of destruction and we are seeing bank after bank either closing down or being taken over.
Yes, these are frightening facts that do paint a very bleak picture but most, if not all of it, has to do with the easy credit lending standards that we had over the past few years. The truth of the matter is that those 100% No Income Check Loans are a thing of the past BUT right now, banks are willing to lend on loans that make sense. FHA, in my opinion is the best mortgage to get these days and since FHA loans are insured by the government, lenders are willing to fund these loans with full faith and security.
YES,YOU CAN get a mortgage today, contrary to what you may hear. Mortgage rates are still at very low levels and my assumption is that they will only get lower.
The main problem we are having within the financial industry now is that Banks are not lending to banks and Corporate credit lines are being restricted or drying up all together. These are the problems that the bail out is dealing with. If businesses do not have credit lines they will not survive. American business runs on credit. Therefore, liquidity and faith in the banking system needs to be restored.
Last month Uncle Sam took over Fannie and Freddie and FHA is raising there loan limits. This was good news for the mortgage market since a major source of residential money is now secure. The FDIC has done a wonderful job of curing the failing banks and quickly shifting the nations deposits to stronger institutions with no more than a hic-up. The sky did not fall, and it probably will not fall.
Real Estate has always been a great long term investment. The economy has always had its ups and downs and Real Estate has always rebounded. So, don't worry. There is money to lend, and at reasonable rates with very good terms.
If you have any questions, please don't hesitate to visit best realty ny
don't forget to ask as about our real estate rebate ny
Many people believe that when the Federal Reserve lowers their Fed Funds Rate .5%, that the 30 year mortgage rate will be .5% lower as well. For instance, before the fed came out and lowered the Fed Funds rate this week, a client of mine locked his rate on a 30 year mortgage at 6%. The news comes out about the Fed lowering their rate a .5% and he immediately calls me to see if we can cancel that lock request because he wants to get 5.5% instead.
The truth is that although the Fed lowering the Fed Funds rate always makes the headlines, everyone in the business should know that any direct correlation between overnight rates and 30-yr mortgage rates is very little (especially in the last two business days) Eventually, yes, they tend to move in the same direction, but not right now. Check out this chart of the Federal Funds vs. Prime Rate & Mortgage rates.
The Stock Market has been falling off a click but mortgage rates haven't gone lower..why? As you may or may not know, when the stock market goes lower, mortgage rates usually get better. That's because as investors sell their stock, they usually put that money into a safe place and the safest place perceived by many investors is in the U.S. treasury market. As the demand for the U.S. treasuries goes up, the yield that the government has to pay on those bonds goes lower and since the yields on 10-year and 30-year Treasury securities are typically used to set long-term mortgage rates, we see mortgage rates go lower as well.
Well as you've probably noted, the stock market has been falling of a cliff lately and mortgage rates have actually gone up! In the past 5 days, the Dow has dropped from approx 10,500 to as low as 8000. This would lead you to believe that all of the money from selling stocks would be invested in Treasury securities and that the yield on the 10 year treasury would go lower. Instead, in the same 5 day period, the yield went from as low as 3.4% to 3.9% which is a HUGE jump in such a short period of time.
Unfortunately, it seems that the traditional flight to quality that we are used to seeing has disappeared and it appears that investors are parking money on the sidelines until the markets stabilize.
How would you like to get paid at closing for buying your dream home in New York? At REMAX IMPERIAL , we want you to get paid for your efforts in finding that dream home. By actively participating in the search for your home, you save us time and money, and we want to pass those savings to you!
Why do we do this? Because with the internet, the consumer is involved more than ever before. Much of the research time realtor's have used in the past have been reduced or is now done by the buyer before contact.
Rebate Qualifications.
Register with us on this site.-Rebate are provided only for registered users of this site.
Buyer to obtain a letter of pre-qualification from lender of Buyer's choice, prior to viewing homes for sale.
Search for houses - It's easy to search for hosues for sale in our our web site with great tools to help you determine information about the house, city, schools, values, etc..., ;
House tour. Once you have narrowed down that list of potential homes to a reasonable number , we setup a time to show you the homes.
At closing, you will receive 1 % cash back to you.
Department Of Justice
The Department of Justice is committed to preserving competition in the real estate industry through its competition advocacy efforts. Given that New York allows real estate brokers to provide rebates to consumers and to customize their real estate service offerings to meet their customers' needs, the Department of Justice has not advocated that New York change any of its real estate laws or regulations.
How would you like to get paid at closing for buying your dream home in New York? At REMAX IMPERIAL , we want you to get paid for your efforts in finding that dream home. By actively participating in the search for your home, you save us time and money, and we want to pass those savings to you!
Why do we do this? Because with the internet, the consumer is involved more than ever before. Much of the research time realtor's have used in the past have been reduced or is now done by the buyer before contact.
Rebate Qualifications.
Register with us on this site.-Rebate are provided only for registered users of this site.
Buyer to obtain a letter of pre-qualification from lender of Buyer's choice, prior to viewing homes for sale.
Search for houses - It's easy to search for hosues for sale in our our web site with great tools to help you determine information about the house, city, schools, values, etc..., ;
House tour. Once you have narrowed down that list of potential homes to a reasonable number , we setup a time to show you the homes.
At closing, you will receive 1 % cash back to you.
Department Of Justice
The Department of Justice is committed to preserving competition in the real estate industry through its competition advocacy efforts. Given that New York allows real estate brokers to provide rebates to consumers and to customize their real estate service offerings to meet their customers' needs, the Department of Justice has not advocated that New York change any of its real estate laws or regulations.
New Hyde Park is Located in Nassau County, New york , 25 minutes from New York City , population of 39,977, population density (people/mile) is 8,359 of which 19,258 are male and 20,719.
There are 13,361 households in New Hyde Park of which 4984 are household with children and 8,376 are with no children, alsdo there are 14,001 dwelling units in New Hyde Park. For more information go to best realty ny.
New hyde park real estate median home price is $530,000.00 , 58.96% have lived in their current home for more than 5 years, 7.73% annual residential turnover, 7.59% is the median years in new hyde park residence. 86.5 of all New hyde park homes are owner occupied, 8.9% are for renter and there is a 4.6% vacancy .For more information go to best realty ny.
New Hyde Park has 80.8% White collar worker and 19.2% blue collar working and the average household income for is $101,917.00For more information go to best realty ny.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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