Vito's Blog

Condo Approval in Southwest Florida

Kw Financial Group, Inc. — Sat, 21 Feb 2009 13:19:42 -0600

Amongst everything else there is yet another hurdle that needs to be addressed. The question came into my email system in the end of December and now continues to finds its way back to me each week. That question is: is the condo project approved, either by Fannie Mae or FHA?

Well here are the sited you can visit to find out the answer that looming question:
Fannie Mae and FHA

In the market in Southwest Florida this question is often posed because of the number of condo developments. So now realtors will need to familiarize themselves with these sites in order to be well versed in their markets. As always, good luck and contact me with any of your questions.

Enduring These Economic Endeavors?

Kw Financial Group, Inc. — Tue, 30 Sep 2008 11:57:13 -0500

What is going on and how do you believe it will directly affect you? Do you think this "bail out is necessary?" Do you feel the pressure, of the current status on the economy, on your wallet? How do you feel about the government stepping in to fix this problem, does it upset you?

If you have answered yes to any of the questions about than it is time for a change.

There is a lot of controversy surrounding our economy and Real Estate Market... True. However, there are many opportunities to buy. Homes are priced to move, the opportunity to own near the beach is possible, and rates are low. If you continue to stay motivated, have the correct knowledge, and stay connected to your data base you will have success-answering questions, being available to buyers and sellers, etc. We are here to help in your Real Estate needs, we are here to empower you through the real estate transaction, to educate, inform, and be accountable to you through these times. As times remain tough we, The Money Tree Financial Corporation, remain a constant in the Real Estate market we gain strength and credibility over the competition.

Be Aware of Lending Promises in SW Florida

Kw Financial Group, Inc. — Mon, 30 Jun 2008 11:17:08 -0500

New Lending institutions will be emerging, even in a down market. Why? Because they claim to have, or to offer, something that their competition lacks to provide-or so they say...

That could be any of the following:

•· More lenders to choose from

•· More programs than others

•· More opportunities for borrowers in need

•· More information

The facts are that if the buyer can't qualify it doesn't matter how many lenders are in your arsenal, how many programs that you have, or opportunities there are to borrow, etc. The reality is there are such things as "lending guidelines" that all lenders have to conform to. Guidelines that make it an advantage or disadvantage to borrow against any home they may be inquiring about. An example would be, if a borrower, in a Conforming Loan Limit Scenario, has trouble verifying income and the credit score is less than perfect, well again the number of lenders will not bail you out. What one bank has so does another. I would just hope the person working the file would have the ability to contact that client and deliver the news. It all comes down to having the right amount of lenders and best service available. No question! Without going into details on the economic theory of Marginal Utility you have to have the right amount of balance in your business. Be that as it may check us out, email me, ask me questions, I'll shoot you straight based on the facts... No Question...

Now is the time to BUY. Come to Bonita Springs...

Kw Financial Group, Inc. — Wed, 23 Apr 2008 16:29:37 -0500

There have been significant changes made in the Real Estate Market over the last few months, in particular, the Lending market. The last nine months have been very volatile from standpoint loan guidelines, and banks have pulled back and, in some cases, out of the lending business.

A few hoarer stories are:

•1. Banks not funding the loan after they issue a clear-to-close

•2. Locks on interest rates not being honored

•3. Making Mortgage Brokers accountable for their client defaults

•4. Lines of Credit depleting daily

The list goes on and on. But I do not want to focus as much on the negative. There are a myriad of great opportunities for a buyer today. For example the first-time-homebuyer has the opportunity, with rates coupled with home prices, to buy in areas that he/she could not afford just 18 months ago! Take a look at the communities in Bonita Springs home sales prices have dropped as well as interest rates being at a three year low. What more could you ask for?

In today's market it is more important than ever to work with your buyers one-on-one-to get them qualified, and get them closed. Theses are "volatile" times and we see the changing's happening daily, so be prepared to answer the tough questions. Tell your buyers the truth, not just what they want to hear. We advocate payments, not rates, structure, not percentages. Have control over your next buyer, and advocate your professionalism, and remind them (your buyer)that in a market such as this just how much they need you! Let us help you in your residential financing needs.

Recipe for Success in Bonita Springs!

Kw Financial Group, Inc. — Mon, 31 Mar 2008 14:19:09 -0500

Qualify for your next home loan from the comfort of your own home. Log in today to http://www.loanqualifier.info/. Recently in the Real Estate market, south of Sarasota, has seen a steady increasing in closed real estate transactions. Great news for those of you out in the market currently looking to buy your next dream home! How about Bonita springs real estate? Smack dab in the middle of Fort Myers and Naples... Today, in Bonita Springs, homes are more affordable than ever. In past years we haven't seen a market such as this. We have, amongst the best in real estate agents at your disposal. For example Chris Griffith, host of http://www.lifeinbonitasprings.com/, she has been living in the area for over 20 years, and as of recent has been running one of the most informative and successful real estate blogs. So please feel free to check it out now, just click on the link above. The Money Tree Financial Corporation, you lender for your needs.

Pre-Qualify Today!

Kw Financial Group, Inc. — Wed, 06 Feb 2008 15:29:17 -0600

General Public

You have the ability to generate well qualified leads by positioning http://www.loanqualifier.info/ system in your marketing plan. Add the information to your ads, website, etc. Prospects may not call you, but maybe curious about what they qualify for and when they use the system you have access to their information and can make a valid decision on the quality of the prospect.

Home Builders

The system will allow you the opportunity to sell your services to builders. You have the ability to offer something different to builders and prospects while streamlining the sales process. You have increased your chances of builders wanting to work with you! This system may be the difference in landing these types of accounts. You will be able to acknowledge instantly the validity of the prospect, and the ability for an upsale!

Corporations/Organizations

You can approach relocation services, relocation departments and be able to land these types of accounts with the use of http://www.loanqualifier.info/ . These entities will be able to offer their employees the ability to know immediately how much equity they can cash out on their existing home, how much house they can afford to buy, what terms they are going to have, etc. you can offer this system to corporations benefits departments and have the company promote the site to their employees. The employees receive a gift (such as a laptop computer) as a benefit of the company when they close a loan through the system and you receive the leads of the employees using the system looking to purchase property.

Real Estate Investors Club

Now is possible to work with an investors club! Typically they consume a lot of time with questions and then they do not buy. Most of the questions are in the area of finance, this system will give them complete autonomy to answer those finance questions themselves, or you place them directly. Monitor and evaluate all pre-qualifications and follow-up on the one that you feel comfortable with.

Call me for more details about how you can position this tool to work for you!

Vito Papariello 800-390-0035 ext.501

Special Program

Kw Financial Group, Inc. — Wed, 06 Feb 2008 14:53:52 -0600

http://www.tmtfc.com/ Toll free: 800-390-0035 ext.501

Office: 239-949-8338

SPECIAL PROMOTIONAL PROGRAM

This is the deal that may help you secure your next purchase or solidify your next listing:

30 year Fixed Mortgage
No Closing Costs
No Mortgage Payment for 6 Months
5.875% interest rate
90% Financing available

Example:

Purchase price of $450,000
10% down ($45,000)
Loan amount of $400,000
Monthly payment (not including PMI) $2,366

This offer is exclusive to the agents in this office! A portion of our closing fees go to profit share, another exclusive for Keller Williams!

***This is contingent on a seller's concession.***

Sincere thanks,

Vito Papariello

Your lender for Life

The Money Tree Financial Corporation

Monthly Special

Kw Financial Group, Inc. — Wed, 06 Feb 2008 13:38:31 -0600

Explanation of February's Money Tree's mortgage program SPECIAL... This special is meant to entice buyers and differentiate your listings from the others in the area.

It can be used in lieu of a price reduction
Market to buyers as a less expensive alterative to buying

Example, if your listing has already been reduced ($470,000 to $450,000) and your seller is willing to reduce again, ask them to try this program in lieu of reducing. In other words, if they were willing to make another reduction to $425,000 ask them to stay at $450,000 but put 6% towards a sellers concession. These monies would go to the closing costs and 6 months mortgage payments, as well as, keeping your sale price at the greater amount. I think that this would be more enticing to buyers than another price reduction. Reductions are common we need to separate from the competition and this program gives you an opportunity to do so.

Reverse the Trend of a Mortgage

Kw Financial Group, Inc. — Wed, 06 Feb 2008 09:38:31 -0600

In today's market there are many different ways to finance your next home purchase. A reverse mortgage is one of those key ways. A traditional mortgage means borrowing a lump sum from a bank and turning around and paying back the debt. With a reverse mortgage the opposite happens; the "equity" is paid out to the borrower, either monthly, or in one lump sum, accumulating over the period of time, and therefore reducing the "equity." Typically, in most cases, real estate appreciates over the time of ownership, and the owner should maintain an equity position. Most importantly, today's reverse mortgage guarantees that the amount of the repayment will never exceed the homeowner's value! Some of the key factors:

Must be 62 years of age
No income qualification
You retain control of your title
Proceeds are tax free
Closing costs can be financed
No repayment unless you refinance or sell the home

Take advantage of all the various ways we (The Money Tree Financial Corporation) can help you achieve your financial goals. Call Vito today for a free evaluation at 800 390-0035 ext.501.

We are running a special this month

Kw Financial Group, Inc. — Tue, 05 Feb 2008 17:22:04 -0600

Christmas... In February?

We are running a special this month for real estate agents in Bonita Springs. The program consists of a special that will allow a borrower the chance to move into a home and pay no closing costs, and no mortgage payments for up-to six months!

Make NO Mortgage payments for up to 6 months
Pay NO Closing Costs
30 years fixed rate
5.875%

The special is only good for the month of February. Low rates coupled with low home prices today is a winning combination. Contact your local agent today! Christmas comes early this year.

Take Advantage of the Asset Manager Loan Program

Kw Financial Group, Inc. — Mon, 07 Jan 2008 15:48:46 -0600

In today's economy cash is king! So be the savviest investor on your block with the most successful loan program the Asset Manager. Life in Bonita Springs can be a bear in today's real estate market, but you have the power to change all of that and more.

•v Live Better

•v Control Debt

•v Make Interest-Only Payments

•v Reduce Principal faster and more efficiently

The Asset Manager is for any buyer. It can be applied to a purchase or a re-finance. Put up the cash in a checking account, savings account, CD, or any liquid account. The difference in what you owe versus what is applied is reduced off of the principal amount of the loan therefore reducing your monthly payments. It is very easy to apply for, call me directly or apply on one of my prequalification sites, sue the login 501 password myloan. You can even run your business checking account through this loan program!

Asset Manager Loan Program – Round Two

Kw Financial Group, Inc. — Fri, 04 Jan 2008 15:14:46 -0600

As far as niche loan programs go this is take the cake. If you are a financially savvy individual, or you are just frustrated with mortgage payments in general this loan is for you. The Asset Manager allows you the flexible freedom to control interest payments on a month-to-month basis.

Benefits include:

•Ø Financing up to 100%

•Ø Interest-only payments

•Ø Easy checkbook access to your money

•Ø Use it for purchases and refinances

•Ø No PMI, escrows, or interest at closing

•Ø Loans up to $2 million

Take advantage of a loan such as this one in order to completely reduce your overhead and build equity! In Bonita Springs there are currently a lot of homeowners that are upside-down on their current home investments/ownerships. The Asset Manager Loan Program will help you today. In other words, the Asset Manager Loan Program is a checking account that holds a balance, and whatever that balance is, on a monthly based average, off sets your borrowed mortgage amount. Example: you owe $200,000, and you have a checking account balance of $20,000, you will only pay interest on $180,000 loan amount. The $20,000 remains "liquid" to you in a checking account, of which you can borrow and take out at any time. If you had more money there is a potential to have NO MORTGAGE PAYMENTS! All with the Asset Manager Loan Program try it today. Email, or call me for details.

The Lion, the Gazelle, and you?

Kw Financial Group, Inc. — Fri, 04 Jan 2008 14:00:09 -0600

We all know the story of the Lion and the Gazelle... For those of you that do not let me try my best to story tell because this is not folk this is fact: Everyday a lion wakes-up and realizes that he/she has to outrun the fastest gazelle, in order to catch the ample food for the day. Each morning a gazelle wakes-up and realizes that he/she has outrun the fastest lion, in order to survive the day, and not be eaten. The point the story/summation is whether you are a lion or a gazelle WHEN YOU WAKE-UP YOU'D BETTER BE RUNNING!

It's 2008, doesn't matter what species that you are, it's time to start running to survive. A few of my colleagues exemplify this story above. For those of you who do not, you know who you are, get your asses off of the couch and let's sell some property. Nothing, to the degree, of the weather, atmosphere, and sunshine has changed. South West Florida is the SAME... Do you agree or disagree? Now tell everyone the same story.

What is your resolution this season in South West Florida in 2008?

Kw Financial Group, Inc. — Fri, 04 Jan 2008 13:11:31 -0600

Yet another year passes, and here we are on the brink of another season in South West Florida. Season for industrialist, such as restaurateurs, small business owners or entrepreneurs of sorts, means a time of feast or famine. Now is the time to kick it into gear as far as turning a profit. So, now what is your resolution? Directly, are you a pragmatist, thinking in terms of what can you do in the now to better your livelihood? A pragmatist may think in terms of a smaller playing field, small personal changes to the degree of changes in responses to the mundane questions, or potentially a new spin on your outlook-something as simple as your response to the outlook on the market? Or are you at the opposite end of the spectrum a "dreamer" a free lance, free minded, come and go with thought, type of person. An individual that states an extreme resolution that puts him or her in another realm of tangibility and reality, examples would be: extreme weight loss, quadrupling income, shattering revenue numbers, etc. You get my drift...

In my option, on the year that has just arrived, is to tweak the personality, under a pragmatist thought process, and shoot for the stars with a dreamer's ambition. If your pragmatic persona can mesh with your dreaming, and your over-the-top thinking can push your realist ideals-wow can you imagine-than you're dangerous, in a good way. Believe in yourself this year, don't fake, don't half-ass it. Hit the ground running, and have an idea that you believe works, for both your business and your personal life. The personal and external have to mix, blend, and work to keep you healthy and happy in 2008. Good luck to you all! Though I know that you don't need it... Join us this year and partake in my outlook on how to make this year your year.

Important Information relating to Condominiums

Kw Financial Group, Inc. — Thu, 13 Dec 2007 18:54:57 -0600

Fannie Mae has recently announced major changes to information relating to condominiums and condominium purchases. Underwriting is becoming more Strict! What does this mean to buyers?

Longer turn-around times
Less lending institutions to choose from when going to buy
More documentation required form borrowers
More documentation needed from appraisers
More documentation to get a project approved

This will affect all lenders! And it will affect Mortgage Brokers, Banker, and Correspondent Lenders as well. In the beginning expect delays on closings, especially on purchase transactions. If you are working with buyers on a condominium transaction, it is important to have someone who can research the project early-we do-- and ensure there will not be any closing delays. The changes emphasize new construction and condo conversions, but established projects will also be affected. At The Money Tree Financial Corporation our goal is to stay on top of the changes in the marketplace, and help you close transactions quickly and efficiently. I look forward to working with you in the near future.

Grab Equity - Line of Credit Today - Even if you home is on the market

Kw Financial Group, Inc. — Wed, 07 Nov 2007 13:47:49 -0600

Did you know that you can access your equity today with a line of credit, even if your home is currently listed! The ideal scenario for most homeowners today in South West Florida... Pull the equity out today the appraisal may not be there tomorrow. I know most of you do not believe in the need for the money now but there are some perks!

Access to your money today rather than waiting.
Pay less in taxes at the time of closing.
It's there today, but what will it be tomorrow?
Do not worry about the money you can access a line of credit and not borrow until the time of closing.

In Bonita Springs I currently am dealing with a client in Shadow Wood that is pulling the equity out of their home now only 15 days off of MLS! At The Money Tree Financial Corporation we have a handful of equity lines that will give you the same capability. The couple has had their home listed and they are under contract to buy a new home; they expected to have their current property sold-well guess what, not the case in today's market. Bonita Springs currently has an abundance of listings and I do not believe that I am stretching when I say that I can help. Multiple equity loans, today, have the advantage of overlooking listing your home being on the market and lend you up to 90% the value of the property, subject to an appraisal.

Call today how I can help you harness the equity in your Bonita Springs Real Estate

Bonita Springs, Keller Williams, and Lending... A perfect match

Kw Financial Group, Inc. — Fri, 19 Oct 2007 15:51:06 -0500

Today was a fantastic showing of a change for the better. At the Keller Williams office in Bonita Springs more than 30 new agents from the Naples branch came to visit the office and had a chance to meet and greet, not only the owners, but also the in house broker, the team leader, a financing company, and other great agents associated with the office in Bonita. As it stands there is a great chemistry there (in the office) and will only continue as agents and brokers alike continue to oppose current market trends and push through the negative media to remain profitable. Make no mistake, this office, established a little over two years ago, will be a buyer and seller's favorite place to have a real estate transaction take place.

The Skinny

You can come in and enjoy the camaraderie
Find the home of your dreams
Get pre-approved for a home loan
Take advantage the knowledge of the entire staff

All in the greatest destination on the east coast Bonita Springs, South West Florida. As a lender, I applaud all of the efforts of the individuals here it makes my job much easier, and a lot more fun. The atmosphere here is contagious, so come in and be a part of a wining team and organization. The Bonita Springs Keller Williams office is hands down the best collaboration of agents this area could ask for. As for The Money Tree Financial Corporation, we agree.

Asset Manager Loans - Bonita Springs, Florida

Kw Financial Group, Inc. — Tue, 16 Oct 2007 10:20:08 -0500

Bonita Springs has, in recent years, been an expanding market growing not only in home ownership, but also with businesses. With the current state of the softer housing market in Bonita Springs there are great loan programs in the mortgage industry that can effectively give a consumer peace of mind. To the consumer this shows that there are many opportunities for marketing, growth, and financial gain.

At The Money Tree Financial Corporation, we have certain asset driven programs that work effectively in the market as it currently stands in Bonita Springs. Our most effective mortgage product is called our "Asset Manager Loan." What makes this loan so worth while is its ability to control, and effectively, manage consumer monthly debt. While this can be placed in either your first or second lien position it allows you the access the liquidity of your money at any time. The concept is based on reducing your debt, and or principal, of your current mortgage faster and not increasing your monthly expenses. The loan is ideal for the Bonita Springs market because of the caliper of clientele and the availability of equity. This loan is certainly more effective than the current state of affairs where a consumer has debt and uses their income to, in essence, make the monthly debt payments.

Traditionally, individuals keep their liquidity in a savings account gaining roughly 2-4% in interest. What if I can show you a way that you can off set the interest to your current mortgage, and recreates the ideas of paying of off your debt sooner all without changing your debt-would you be interested? To learn more about an Asset Manager Loan for your Bonita Springs home or condo call today.