Klaus 's Blog

Careful before you Buy!! Tips to Pass along

Eagle Nationwide Mortgage Co. — Mon, 10 Nov 2008 11:07:51 -0600

How Financing Details Affect Your Offer

Most buyers do not have enough cash available to buy a home, so they need to obtain a mortgage to finance the purchase. Since you will probably make your purchase contingent upon obtaining a mortgage, the seller has the right to be informed of your financing plans in order to evaluate them. That is one of the major reasons that financing details are included in your offer.

Down Payment

As part of your offer, you will need to disclose the size of your down payment. Once again, this allows the seller to evaluate your likelihood of obtaining a home loan. It is easier to get approved for a mortgage when you make a larger down payment. The underwriting guidelines are less strict.

Interest Rate

Another reason for including financing information in your offer is to protect yourself. If interest rates suddenly become volatile and rise quickly, as sometimes happens, you may looking at a mortgage payment much higher than you anticipated. By putting a maximum acceptable interest rate in the offer, you are protecting yourself from such an occurrence.

At the same time, the seller will probably want to see that you have some flexibility in the financing terms you are willing to accept. If interest rates are currently at eight percent and you indicate this is the highest rate you will accept, you would be able to cancel the contract without penalty if interest rates rose past that point. The seller would suffer because they have lost valuable marketing time and may have made their own plans based on successfully closing the transaction.

Asking for Closing Costs and Financing Incentives

There may be times when, as part of your offer, you request the seller to pay all or a portion of your closing costs, or provide some other financial incentive. One common request is asking the seller to provide funds to temporarily buy down your interest rate for the first year or two. Such incentives can be especially effective if a buyer is tight on money or pushing their qualifying ratios to the limit.

Whenever you ask for incentives such as these, you will probably find the seller less willing to negotiate on price. After all, what you are really asking for is have the seller to give you some money to help you buy their house. The end result is that, for a little relief in the beginning, you are willing to pay a little more in the long run.

Seller Financing

Another occasional request is to have the seller "carry back" a second mortgage to help facilitate your purchase of their home. In cases when the seller does not need all the proceeds from their sale in order to purchase their next home, this is an option. The advantage to the buyer is that by combining your down payment and the second mortgage from the seller, you may be able to avoid paying mortgage insurance and save yourself some money.

If such a carry-back is part of your offer, you should include the terms you wish to pay on such a second mortgage. Keep in mind that your first trust deed lender needs to know this information so they can underwrite your loan, and they have certain minimum requirements. The minimum term of the second mortgage can be five years. The minimum payment can be "interest only." Longer mortgage terms and payments that also include principle are also acceptable.

Cash Offers

If you are one of those rare individuals making a cash offer to buy a home, it makes sense to provide some documentation with your offer that shows you have the funds available. A bank statement would be fine. If you have to liquidate stock or some other asset, your offer should give a timetable on when you will provide proof you have converted the asset to cash.

Other Financing Details in Your Offer

Your offer should also contain information on whether you are obtaining a fixed rate or an adjustable rate mortgage. It should also state whether you are obtaining conventional financing or obtaining a VA or FHA loan.

As always, if you would like to discuss the information in detail, or apply online please feel to visit my web site. www.ENMCMTG.com

Refi Time, Rates are Great

Eagle Nationwide Mortgage Co. — Mon, 10 Nov 2008 11:04:47 -0600

Refi Time!!

Should I Refinance??

Should I refinance?

The most common reason for refinancing is to save money. Saving money through refinancing can be achieved in two ways:

By obtaining a lower interest rate that causes one's monthly mortgage payment to be reduced.
By reducing the term of the loan, thus saving money over the life of the loan. For example, refinancing from a 30-year loan to a 15-year loan might result in higher monthly payments, but the total interest paid durring the life of the loan can be reduced significantly.

People also refinance to convert their adjustable loan to a fixed loan. The main reason for doing this is to obtain the stability and the security of a fixed loan. Fixed loans are very popular when interest rates are low, whereas adjustable loans tend to be more popular when rates are higher. When rates are low, homeowners refinance to lock in low rates. When rates are high, homeowners prefer adjustable loans to obtain lower payments.

A third reason why homeowners refinance is to consolidate debts and replace high-rate loans with a low-rate mortgage. The loans being consolidated may include second mortgages, credit lines, student loans, credit cards, etc. In many cases, debt consolidation results in tax savings, since consumer loans are not tax deductible, while a mortgage loan is usually tax deductible.

The answer to the question, "Should I refinance?" is a complex one, since every situation is different and no two homeowners are in the exact same situation. The conventional wisdom of refinancing only when you can save 2 percent on your rate is problematic. If you are refinancing to lower your monthly payments, the following calculation is more appropriate compared to the 2 percent rule:

Calculate the total cost of the refinance--example: $2,000
Calculate the monthly savings--example: $100/month
Divide the result in 1 by the result in 2--in this case 2000/100 = 20 months. This shows the break-even time period. If you plan to live in the home for longer than this period of time, it likely makes sense to refinance.

Sometimes, you do not have a choice--you are forced to refinance. This happens when you have a loan with a balloon payment and no conversion option. In this case it is best to refinance a few months before the balloon payment is due.

Whatever you're considering, consulting with a seasoned mortgage professional can often save you time and money. Make a few phone calls, check out a few web sites, crunch on a few calculators and spend some time to understand your options.

As usual, I want to build new relationships, and if anyone is interested in hearing old Football stories when I played Pro with Joe Montana or Dan Marino, give me a call or check out our web site. I'm not joking. WWW.ENMCMTG.COM

Or Contact me direct at Klaus@enmcdirect.com or 502-24-LOANS

California Bad Credit Mortgage brightens the horizon for riskier borrowers.

Eagle Nationwide Mortgage Co. — Mon, 14 Jul 2008 08:39:01 -0500

Bad credit is like a little black cloud that hangs overhead, coloring everything with a gloomy pallor. When trying to finance a home loan, bad credit is a major inhibitor to getting a decent loan with good interest rates. There are lenders who can provide various types of loans that can be adjusted to accommodate those with bad credit, like the California Bad Credit Mortgage. Adjustable Rate Mortgages (ARM), Fixed Rate Mortgages (FRM), Interest Only and No Documentation Loans can all meet the specific requirements of CA Bad Credit Mortgages. Terms and monthly payments will be set according to the specific borrower’s credit score, income and available cash for a down payment. Setting up payments that will match the borrower’s lifestyle will assist him or her in making regular monthly payments and in building better credit. Better credit means better interest rates so that the original loan can be refinanced when a sufficient level of equity has been acquired.

Even so, it is unwise to jump into the first offer that comes along just to secure a CA Bad Credit Mortgage. Evaluating all angles of the process and becoming familiar with the language of loan financing will assure a borrower that the loan decided upon is the right one. A good choice at the outset will be the foundation to practice making better financial choices in the future. The high interest rates associated with a not so healthy credit score cannot be avoided. Those who lend money in the form of CA Bad Credit Mortgages consider someone who has defaulted on credit card payments or missed and ignored overdue bills a high risk. Assurance of recovering the loan in a CA Bad Credit Mortgage is rendered in the form of increased interest rates and stricter guidelines in qualifying for the loan. Knowledgeable brokers can guide someone with poor credit to the best home loan possible. No one sets out to be a bad credit risk or to go into debt. But if it happens, the CA Bad Credit Mortgage can lead to a sunnier outlook and a brighter financial profile.

Visit Eagle Nationwide online 24 hours a day 7 days a week www.eaglenationwideonline.com Our dedicated, knowledgeable loan officers will help to discover the best financing option for you.

California Second Mortgages can provide funds based on the equity in your home.

Eagle Nationwide Mortgage Co. — Wed, 09 Jul 2008 12:59:09 -0500

Most homes with a mortgage in California have some sort of Equity, which is simply the difference from the value of the home, and the remaining balance on the home loan. Often, if the house is newer, (for example, a new condo south of Hollywood), or has been remodeled after purchase, the chances of a higher equity are in the homeowner’s favor. Home Equity can be used to finance purchases, with a California Second Mortgage.

Basically, a bank appraises the house, finding out how much the house is worth, re-checks credit in case situations have changed for the homeowner, and makes an offer to the homeowner. If the homeowner accepts, the disbursement begins. The funds can be used for practically anything, from repairing the home, or remodeling, to paying off high interest credit cards, to even paying off the difference of the first mortgage (*more on that in a second) relieving a little stress for the homeowner and possibly increasing the value of the property.

Realizing that financial distress has to be on the top 100 of painful experiences a California Second mortgage might actually be beneficial to a homeowner’s health. Studies show diseases affiliated with stress are agitated, if not provoked, by financial stress. When money is tight, especially today with rising fuel costs, food costs and general living, there are certain safeguards available to homeowners. This is what a California Second Mortgage was designed for.

When it comes time to pay for the loan, it is important to remember that the first mortgage needs to be paid off first. Which can lead to accruing interest that can later cripple the homeowner if left unprepared. Essentially, once the first mortgage is paid, with the terms set in the contract, the second lender expects a beginning of payment for the equity loan. Granted, the principal is much lower, however, the interest rate may be higher. In considering a California Second Mortgage, be sure to calculate the risks, including home foreclosure if in default. For more information on a California Second Mortgage, visit Eagle Nationwide Online 24/7 at www.eaglenationwideonline.com. Our dedicated loan officers are always available to assist you with all of your financing questions and needs.

CA Mortgage Rates follow trends of economy and related factors.

Eagle Nationwide Mortgage Co. — Fri, 27 Jun 2008 15:25:22 -0500

California Mortgage Rates are no different than most of the interest rates charged on home mortgages throughout the rest of the United States. It is neither the lender nor the mortgage broker that sets mortgage interest rates that will be paid on any of the numerous home mortgage loans that are available today. As for every state, CA Mortgage Rates are birthed in Washington, DC, where the policies pertaining to money and monetary reserves are created. The New York Federal Reserve Bank is the chief of Federal Banks and is the seat of operations for putting monetary policy into practice in the United States. Twelve Regional Reserve Banks, one of which is in San Francisco, act upon the decisions that are made by the New York Federal Reserve Bank to apply the policies to CA Mortgage Rates.

Throughout the complicated process of setting mortgage rates, the economy also plays an important role. As the economy flourishes, mortgage rates rise to meet the demands of investors. Consumers enjoy lower mortgage rates when the economy slumps. Mortgage Rates are also tied into Ten Year Bonds; the rates amend as Bond rates fluctuate. Keeping a close watch on the progression of these factors will be a good indication as to when CA Mortgage Rates will be at a level that allows buyers to take advantage of the market to purchase a home.

In practical terms, lower CA Mortgage Rates will mean a lower monthly payment for those purchasing homes in California. That is, assuming that the credit rating of the borrower is in good condition and other factors that affect the monthly payment line up. Other items to consider when figuring on CA Mortgage Rates are the type of loan, the loan amount and whether or not the interest will be based on fixed or adjustable rates. A knowledgeable broker can be a great source of information when trying to understand how lenders arrive at CA Mortgage Rates. The information can then be translated into a workable solution in deciding on the right loan for the right house and the right homebuyer at the right time.

Visit Eagle Nationwide online 24 hours a day 7 days a week www.eaglenationwideonline.com Our dedicated, knowledgeable loan officers will help to discover the best financing option for you.

Debt Consolidation Loan California – a headache or a cure?

Eagle Nationwide Mortgage Co. — Fri, 20 Jun 2008 09:35:40 -0500

Add up all the separate school loans leftover from college and grad school or the monthly payments from all those credit cards that promised 15 % off the first purchase and it equals a headache that no amount of aspirin can touch. One certain cure for the financial pain in the neck brought about by mismanagement of personal funds is the Debt Consolidation Loan California. Mailing off minimum payments once a week that don’t put a dent in the debt wastes valuable time. Add in the finance charges and a late fee or two and the headache becomes a money management migraine. A Debt Consolidation Loan CA can bring almost instant relief to an ailing budget.

Unsecure Debt Consolidation Loans CA requires no form of guarantee and organizes the many smaller debts, or loans, into one easily managed parcel. This type of loan will eliminate steep finance charges and the inevitable late fees when a payment is missed. Lower interest rates with a Debt Consolidation Loan CA will put that interest money back into the home budget by combining all those separate loans into one single loan.

A secure Debt Consolidation Loan CA can be in the form of a home equity loan, which means that the home is used as a guarantee, or security, in case the borrower defaults on the loan. Home equity loans can be negotiated as adjustable rate or fixed rate mortgage loans, with amortization payments variable according to the value of the home and the qualification of the homeowner. Secure Debt Consolidation Loans CA may even have lower interest rates than unsecure loans, since there is collateral involved. A tax break on the interest is available with some of these loans.

Debt consolidation sounds like good medicine for financial headaches, but it’s always best to consult with an expert before trying a cure. ‘Self medication’ can be dangerous, especially when what seems like a ‘quick fix’ actually turns out to be bad medicine. Sometimes the best medicine is sound advice and information that will help make the decision as to whether or not to consolidate an informed one.

At Eagle Nationwide Mortgage, we have all of the tools, and information to help you secure the best financing option for you. Visit us 24/7 at www.eaglenationwideonline.com

How can I improve my credit rating before applying for an FHA loan? CA KY NC TN ETC

Eagle Nationwide Mortgage Co. — Tue, 17 Jun 2008 13:53:12 -0500

How can I improve my credit rating before applying for an FHA loan?

-- -- -- -- -- -- -- --

One of the most important aspects of getting your credit rating in shape before applying for an FHA home mortgage is time. If you believe your credit is in poor shape, you'll want to establish payment reliability over a period of at least one year before starting your FHA loan paperwork. Another smart idea is to eliminate your debt potential. If you have multiple credit cards, try to pay them down and get rid of one or two of them. This can improve your credit rating by showing you have less potential debt waiting to happen. The FHA loan process hinges on a good credit report. If you have erroneous items on your credit rating, challenge them in writing with the major credit reporting agencies. Be sure to get resolution before you begin work on the FHA mortgage. You may need several months to clear up contested entries on your credit report-its best to begin the contesting process early.

California FHA Loans

Eagle Nationwide Mortgage Co. — Fri, 13 Jun 2008 15:39:12 -0500

During the Great Depression of the 1930’s, one of the most affected markets in the country was the housing Market. Years prior, housing bids were flying, more money was being spent on not only new homes, but also refinancing, and additions. However, after the crash of the American Stock Market, home sales plummeted, the market was flooded with job losses, and foreclosures.

Part of Roosevelt’s New Deal for the country involved the installation of different agencies, which ranged from returning people to work, to creation of a Public Works System for maintaining infrastructure. One of these “alphabet organizations” as they were so called, was the FHA, or Federal Housing Administration.

The Federal Housing Administration provided insurance for banks and other lending institutions that were burnt from loans and mortgages in default due to the lack of work. Banks were closing by the massive thousands. It was chaos. Finally, as the country began to stabilize, and as more and more people decided to buy homes, the housing Market stabilized. The FHA remained, but with a slightly different usage.

Today, in California, the FHA is responsible for insuring lending agencies’ risks in mortgaging individuals who stand in the lower quadrant of the Credit Cycle. California FHA Loans are usually lower amounts, with low to nearly no down payment. These loans are ideal for the consumer, who has less-than-perfect credit, or for the consumer who has not had the opportunity to create credit, or save a down payment for their home.

At Eagle Nationwide, hundreds of customers everyday are in search for a better option in home financing. One of their best options for lower income families is the California FHA loan. For more information, the staff of Eagle Nationwide are available 24/7 at www.eaglenationwideonline.com

California Fixed Rate Mortgages

Eagle Nationwide Mortgage Co. — Fri, 06 Jun 2008 15:23:05 -0500

If you are looking to finance a home in California and are interested in a consistent monthly payment, a California Fixed Rate mortgage (FRM) may be an excellent choice for you.

A California Fixed rate mortgage is a financing option that makes no provision for a changing rate over the term of a loan.If your mortgage begins at 5.5% interest rate, it will end at a 5.5% interest rate.

There are several types of California fixed rate mortgages. The first is a fixed payment loan. With this type of loan, your intial interest rate is used to determine the total amount your loan will be over the term of your loan.Then the total amount is divided by the number of payments made during the term of your mortgage.

Another type of California Fixed Rate Mortgage is a fixed rate, fixed interest mortgage. With this type of loan, only your interest rate remains the same throughout the term. That interest rate is then applied to the remaining principle of your loan. As you pay down your loan, your payment will decrease as the interest will be on a lower amount.

Yet another type would be an interest only fixed rate mortgage. In an interest only fixed rate mortgage, the borrower will pay only on the interest of the loan for a predetermined amount of time, typically 5 or 10 years. After the initial term, the borrower will then begin paying payments on the interest and the principal of that loan.

The different types of California Fixed Rate Mortgages will be distinguished by specific mofifiers, such as interest only, fixed interest etc.. If your loan is a strict fixed rate mortgage (FRM) without any modifiers then it is a loan in which matching payments are made each month. For example on a $300,000 30-year 6% FRM, the 360 monthly payment made will all be $1798.66. If that payment is made every month, the 360th payment will reduce the balance to zero. On a strict fixed rate mortgage, an increased amount of your payment is put towards the principle balance each month. In the beginning of your loan, payments mostly go towards paying down the interest, however as you approach the closing months, your payments will primarily go towards the principal.

In our example above, in month $299 is put towards the principal, in month 12 that amount will rise to $316. California fixed rate mortgages are an excellent financing option if you wish to develop a consistent budget over the course of your loan, with unchanging payments.

Visit Eagle Nationwide online 24 hours a day 7 days a week www.eaglenationwideonline.com Our dedicated, knowledgeable loan officers will help to discover the best financing option for you.

The Earnest Money Deposit!

Eagle Nationwide Mortgage Co. — Thu, 22 May 2008 17:31:30 -0500

The Earnest Money Deposit Louisvile Ky. Mortgage. Eagle Nationwide Mortgage Co.

Most offers to buy a house are accompanied by a check. This check is generally referred to as the "earnest money deposit." The basic reason for the deposit is to impress the seller that the buyer "earnestly" intends to purchase the property.

The amount of the deposit varies from purchase to purchase, depending on a variety of factors. If a property generates a lot of interest, a buyer may make a larger deposit to convince the seller that their offer is stronger than the others. During "hot" markets, deposits are generally larger than during slow markets.

In normal times, buyers should hesitate before making a deposit that is larger than two percent of the purchase price. Underwriting guidelines sometimes require strict documentation of such deposits. A buyer may often be required to show a bank statement just prior to the date of the check, plus evidence that the check actually cleared the bank. If you're closing quickly, this might require a trip to the teller window at your bank.

There are reasons to try and keep the deposit as small as possible, but not so small that the seller doesn't take it seriously. You see, once a buyer and seller agree to terms, the earnest money deposit is usually placed in a "trust" account. At that point it is no longer the buyer's money -- it belongs jointly to the buyer and seller.

Almost all deals close and the earnest money funds are applied to the buyer's down payment and closing costs. As the saying goes, however -- there are exceptions to the rule.

Some sellers think that if the deal falls through, the earnest money deposit is automatically forfeit. Some buyers think that if the deal doesn't close, they automatically get the money back.

Neither one is true.

Even when the failure to close is the buyer's fault, the seller doesn't have a "right" to the deposit as a way to "punish" the buyer. Nor does the buyer automatically get the entire deposit back, even when they are not at fault.

First, there are normally a small amount of cancellation fees that must be paid. These fees are collected from the deposit. Second, since the deposit is held in trust, both the buyer and seller must agree on the disposition of the funds. This is a quirk of law in most states and the real estate agents and their companies have no control over the situation.

If something goes wrong very early in the deal, the seller normally understands and the deposit is usually returned to the buyer without a fuss. When things go awry later in the transaction, both parties usually exercise common sense and negotiate a fair solution. In a few rare occurrences, the buyer and seller find it difficult to agree.

The point is that is always makes sense to reach an agreement. Failure to agree ties the money up for awhile, could possibly lead to further legal action and inconvenience, and it just becomes a frustrating mess for both sides -- more so than you realize at the time.

Serious problems are the exception, not the rule. Most "challenges" are routine to a qualified professional real estate agent. The situation may be new to you, but the agent may have dealt with it many times in the past.

If you would like to talk more about building a new relationship with a program that keeps your customers in tune with current events(KIT) . It is a program I provide when we work together. It contacts our customers for the next four years, every 4 months by mail. Customer retention is my number one goal. Repeat business is very important.

www.Eaglenationwideonline.com

Klaus@enmcdirect.com

502-24-LOANS

Mortgage Stim Pack Should Help!! See The Numbers

Eagle Nationwide Mortgage Co. — Tue, 20 May 2008 21:05:15 -0500

Stimulus Package: Lawmakers raise lending limits KY and Nationwide (edit/delete)

Stimulus Package: Lawmakers raise lending limits
Do you qualify for a better rate?

The Economic Stimulus Act of 2008 is a $168 billion plan intended to jumpstart the sliding U.S. economy. While a lot of media attention has been focused on the $600-$1,200 rebate checks that millions of taxpayers will begin receiving this spring, the new bill is also designed to help certain "high-cost regions" of the struggling housing market by:

Temporarily increasing the "conforming loan limit" from $417,000 to as high as $729,750 in specified areas; and
Temporarily increasing the size of loans the Federal Housing Administration (FHA) can insure from $362,000 to as high as $729,750 in specified areas.

If you're looking to purchase or refinance a home in a "high-cost region," this is great news. These temporary increases could help you avoid the higher interest rates associated with "non-conforming," or jumbo, loans. Although these new limits only apply until the end of 2008, the legislation does not exclude the refinancing of any past mortgages into these new "conforming loans." That means, if you qualify, you can take advantage of the new limits no matter how many years have passed since you obtained your mortgage.

While this is great news, I should remind you that qualification standards are tougher than ever. So your credit score and credit worthiness are more important than ever. Give us a call today. We can review your options and discuss if we can make this legislation work for you.

Do You Live in a High-Cost Region?
Not everyone will benefit from these temporary loan limit increases, but experts estimate that areas in at least 17 states will be able to take advantage of it. So how do you know if your neighborhood qualifies?

A high-cost region is typically determined by the median value of its homes. The median value is the specific price that is halfway between the least expensive and most expensive home sold in an area over a given period of time. Do not confuse this with the average home price. The median home price is the price at which half of all buyers bought more expensive homes and half of all buyers bought less expensive homes.

If that sounds confusing, don't worry. It is the responsibility of the Department of Housing and Urban Development (HUD) to determine, within the next 30 days, what the median home price is for regions across the country. But I don't want you to wait until HUD makes its determination; give me a call to discuss if you might benefit from this new legislation.

As usual please feel to contact either me by e-mail or at my Web Site WWW.Eaglenationwideonline.com

I look forward to hearing from you .

Eagle Nationwide Mortgage Co. A subsidiary of Eagle National Bank. Branch located in Louisville, KY

To Buy or Not to buy?!

Eagle Nationwide Mortgage Co. — Wed, 14 May 2008 22:05:15 -0500

Buyer's Remorse

Thinking Ahead About "Buyer’s Remorse"

If you are thinking of buying your first home, you should take out a pen and paper right now and draw a line down the center of the paper. Calmly and logically, think of all possible advantages to buying a home and write them down on one side of the page. Afterwards, you should list all the disadvantages on the other side of the line.

Then save the list in a place you will be certain to remember.

Sound silly?

Of course it sounds silly. Who needs to write down their reasons for buying a home? After all, home ownership is the central theme to living the "American Dream."

Naturally, while in hot pursuit of this dream you are going to be excited about the future -- researching neighborhoods, searching MLS sites on the internet, viewing homebuyer’s magazines full of appealing homes that are just "minutes from the beach" with "fantastic views" and "cozy family rooms."

Next comes the really good stuff – looking at houses. Full of imagination and optimism for the future, you wander about each home envisioning a happy and contented life for you and your family. The first house may be "too big," and another may be "too small," but you are certain to find one that seems "just right." So you make an offer and wait anxiously and excitedly for the counter-offer. Finally, you and the seller agree on terms and you have bought yourself a brand new home!

Congratulations! Break out the champagne and celebrate!

However…

Later that night or perhaps the next day, you start to worry about whether you made the right decision. Doubtful thoughts will intrude. Can you afford it? Is it the right time? Should you have waited? What if you lose your job? What if this happens? What if that happens? Anxiety and stress set in. Sleep may be hours in coming.

This is a normal response to buying a home and is called "Buyer’s Remorse." You have just made the single biggest purchase you have ever made in your life and it can be downright scary. Logic deserts you. Worry takes over.

Remember your list?

Back when you were thinking semi-logically, you were fairly rational about home ownership. You catalogued the good and the bad, weighed them against each other, and decided that buying a home was the smart thing to do. Reviewing the list will help resolve your buyer’s remorse.

You will not be totally stress-free, but it will help.

Of course, in spite of this advice you will probably not take the time to make that list now – before you buy a home. Hardly anyone ever does.

So when buyer’s remorse sets in and you remember reading this column, here is what you do...

...get a piece of paper and draw a line down the center. Then…

You know the rest.

Remember that if you would like to discuss this post please contact me @ WWW.Eaglenationwideonline.com

Or At 502-24-LOANS. Klaus@enmcdirect.com

Refi Time!!

Eagle Nationwide Mortgage Co. — Mon, 12 May 2008 21:10:35 -0500

Should I Refinance?? (edit/delete)

Should I refinance?

The most common reason for refinancing is to save money. Saving money through refinancing can be achieved in two ways:

By obtaining a lower interest rate that causes one's monthly mortgage payment to be reduced.
By reducing the term of the loan, thus saving money over the life of the loan. For example, refinancing from a 30-year loan to a 15-year loan might result in higher monthly payments, but the total interest paid durring the life of the loan can be reduced significantly.

Calculate the total cost of the refinance--example: $2,000
Calculate the monthly savings--example: $100/month
Divide the result in 1 by the result in 2--in this case 2000/100 = 20 months. This shows the break-even time period. If you plan to live in the home for longer than this period of time, it likely makes sense to refinance.

Or Contact me direct at Klaus@enmcdirect.com or 502-24-LOANS

Stim By Bush!!

Eagle Nationwide Mortgage Co. — Mon, 12 May 2008 21:08:56 -0500

Stimulus Package: Lawmakers raise lending limits KY and Nationwide (edit/delete)

Stimulus Package: Lawmakers raise lending limits
Do you qualify for a better rate?

Temporarily increasing the "conforming loan limit" from $417,000 to as high as $729,750 in specified areas; and
Temporarily increasing the size of loans the Federal Housing Administration (FHA) can insure from $362,000 to as high as $729,750 in specified areas.

As usual please feel to contact either me by e-mail or at my Web Site WWW.Eaglenationwideonline.com

I look forward to hearing from you .

Eagle Nationwide Mortgage Co. A subsidiary of Eagle National Bank. Branch located in Louisville, KY

MLS and You!!

Eagle Nationwide Mortgage Co. — Fri, 09 May 2008 21:15:58 -0500

The Multiple Listing Service

MLS stands for Multiple Listing Service.

Basically, the MLS is a big property warehouse - sort of like a "home depot." When property is available for sale, it goes in the warehouse. When it is sold, it gets taken out of the warehouse.

Since real estate cannot actually be stored in a warehouse, the MLS only contains information.

So the MLS is actually a database - an extremely convenient way to know what is available for sale at a given moment. That is why real estate agents developed the MLS. Quick knowledge of home inventory made agents more productive.

The Evolving MLS:

Since developing and maintaining the MLS system wasn't free, agents created local "MLS Associations," required membership, and charged each other annual dues (plus additional fees) so that they could pay for the necessary staff and materials to make it work.

In the really olden days, an agent submitted listings to their local association and the MLS staff compiled the data on what was available for sale and what had been sold. Once a week (or so) MLS members received a book that showed all the current listings.

Then (in the "merely" olden days) computers came along and made it easier to create the listing books. When modems came along the books were no longer necessary, though it took agents awhile to adjust. MLS members could now "dial in" directly to the computer.

Finally, along comes the information age -- and the Internet.

Beginning in 1996, some property information from the MLS was placed on the web. It isn't as current as dialing directly into the computer, and information on the web does not contain all the properties available in the MLS. Plus, there is no national MLS or database. Information you find on the web is compiled from local and regional MLS systems, not all of which participate on the web to the same extent.

Why the MLS works for home sellers:

The whole MLS idea is a boon to sellers because of "supply and demand."

How can you, as a seller, get access to the largest number of buyers? Placing an ad in a newspaper? Or putting your home information into a computer accessible by every MLS member who will show your property to their qualified buyers in your price range?

Being placed in the MLS expands a home seller's sales force, exposes the property to a larger pool of prospective home buyers, and creates more demand for the property. The higher the demand, the more pricing power enjoyed by the homeowner - and the quicker a home will sell.

Why the MLS works for home buyers:

It is extremely convenient, does not cost a penny to buyers, plus...

...you get a qualified and experienced guide to help you through the complicated process of becoming a homeowner

I'm always availible to help any partner, partners client or build new relationships. Try our web site and see the difference that technology can make on your wallet . We can help retain your customers for future sales. Visit our web site and after call or e-mail us at Klaus@enmcdirect.com

Our Web site is www.Eaglenationwideonline.com

Accessibility and the Lockbox KY or Any State

Eagle Nationwide Mortgage Co. — Fri, 09 May 2008 21:10:05 -0500

Accessibility and the Lockbox

Reminder!!

If you are selling your home, you should not be present when an agent brings a potential buyer to view the property. Successful marketing means that buyers need to be able to imagine the house as their future home. Nothing puts a damper on that more than having the current owners hanging around.

That is one reason why the lockbox is such a key tool for real estate agents.

A lockbox is a hollow metal box that attaches to the front doorknob or some secure place nearby. Inside the hollow area is another matchbox sized box that contains the key to the house. When an agent opens the lockbox, that smaller container slides out.

The lockbox gets its name because it is a locked box. A stranger cannot come by, open the box, get the key and gain entry to the house.

Only agents can do that.

Most modern lockboxes have a tiny microprocessor inside. You need an electronic key to open it and the only way to get a key is to become a member of the local Multiple Listing Service. All of the keys have a unique identifier so when someone opens the box, the microprocessor inside “registers” the agent who opens it. Agents are forbidden to let another agent use their electronic key.

Since the box is “reset” just before being placed on the door, any agent who opens the box can be identified – as well as the date and time they entered the house. That information can be downloaded at the local MLS Association. This works as a security measure for the homeowner.

But the main purpose of the lockbox is that it facilitates the sale of the home. Without it, selling or buying a home would be much more difficult.

Think of the alternatives.

Without a lockbox, the seller would have to be present when the buyer came by with their agent, and that does not really help to sell the home. Sellers could leave the door unlocked, of course, but in today’s security-conscious world, that is not a great idea.

One possibility is that the seller could give a key to their listing agent, but then the listing agent would always have to be present when another agent brought a buyer to the home. Showings would have to be scheduled tightly and that would be an inconvenience to the listing agent and the buyer’s agent…

…and it would be an inconvenience to the buyer..

As usual, I would love to speak to anyone that may need help with current or potential clients. I'm always wanting new partners to build fresh new relationships with. Give me a call, and I will help provide the KIT program. It is a customer data base for retention of your clients. Call and ask how more clients will come back to you . Visit us at WWW.Eaglenationwideonline.com or contact me at Klaus@enmcdirect.com

Buyer's Remorse

Eagle Nationwide Mortgage Co. — Thu, 01 May 2008 06:27:45 -0500

Thinking Ahead About "Buyer’s Remorse"

Then save the list in a place you will be certain to remember.

Sound silly?

Of course it sounds silly. Who needs to write down their reasons for buying a home? After all, home ownership is the central theme to living the "American Dream."

Congratulations! Break out the champagne and celebrate!

However…

Remember your list?

You will not be totally stress-free, but it will help.

Of course, in spite of this advice you will probably not take the time to make that list now – before you buy a home. Hardly anyone ever does.

So when buyer’s remorse sets in and you remember reading this column, here is what you do...

...get a piece of paper and draw a line down the center. Then…

You know the rest.

Remember that if you would like to discuss this post or just talk about the KY derby that is taking place this weekend in Louisville KY, please contact me. WWW.Eaglenationwideonline.com

Or At 502-24-LOANS. Klaus@enmcdirect.com

I hope have a wonderful weekend. Our 2 week party , run until Sunday. Happy Derby.

Stimulus Package: Lawmakers raise lending limits KY and Nationwide

Eagle Nationwide Mortgage Co. — Mon, 28 Apr 2008 18:59:04 -0500

Stimulus Package: Lawmakers raise lending limits
Do you qualify for a better rate?

Temporarily increasing the "conforming loan limit" from $417,000 to as high as $729,750 in specified areas; and
Temporarily increasing the size of loans the Federal Housing Administration (FHA) can insure from $362,000 to as high as $729,750 in specified areas.

As usual please feel to contact either me by e-mail or at my Web Site WWW.Eaglenationwideonline.com

I look forward to hearing from you .

Eagle Nationwide Mortgage Co. A subsidiary of Eagle National Bank. Branch located in Louisville, KY

Credit Tips That Will Score Lower Interest Rates!!

Eagle Nationwide Mortgage Co. — Mon, 28 Apr 2008 18:51:47 -0500

A good credit score translates into lower interest rates for home-shopping borrowers. In a mortgage lender's eyes, the higher your score is, the less risk you are, and the more likely it is you will pay off your debt. For this reason, borrowers with lower scores usually end up paying higher interest rates on their loans.

If this is you, don't panic. There are a number of things you can do to adjust your credit score to receive a favorable review from the underwriter. Here are a few suggestions:

Should I pay off all my past due balances and charge-offs?
This is usually a good idea, but you only need to worry about the past due balances and charge-offs that have occurred in the last two years. Items more than two years old have little effect on your current credit score. In fact, if you pay off delinquent items over two years old, it can actually bring your credit score down - something you don't want to do. Bringing that score up means you'll get a better interest rate on your loan.

Should I close existing credit card accounts that I don't use?

No. Part of your credit score is based upon credit history. If you have old credit cards that you don't use very much, you still have the benefit of the credit history they represent.

Rather than trying to pay off all your credit cards, you can move part of the debt from one card to another to even out the distribution of debt. Try to keep balances as close to zero as possible, and definitely below 30% of the available credit limit when trying to purchase a home. Also, if your credit provider will increase your line of credit, the ratio of debt to available credit is automatically reduced.

When married couples have separate credit card accounts, the debt can be transferred from one spouse to another to clear up credit issues for the other spouse. That spouse with clean credit can be designated as the sole borrower on the loan, but ownership of the home can still go in both names.

What about errors on my credit report?

If you have items that are showing up on your credit report that you know you have already paid, request that these items be removed by the credit bureau. They are obligated to rectify this within 30 days.

If there are items on your credit report that are less than two years old, send in your payment if possible and mark the back of the check with the following notation: "Accepting this check is evidence that the transaction is complete and this charge will be deleted from my credit record." If necessary, the cancelled check will be proof that this should be promptly removed from your credit report if it interferes with the closing of your loan.
Call me directly for a free consultation.

Weekend Warrior!! Need Help. I'm at your service!

Eagle Nationwide Mortgage Co. — Fri, 25 Apr 2008 17:36:48 -0500

If you are looking for a WEEKEND WARRIOR! I'm available for you around the clock. My E-mail is attached at my hip, as is my phone. I work from the office or Home. Basically I'm a little crazy to work as much as I do, but I really enjoy helping clients and partners. I can be reached at 502-24-LOANS or check out or New Web Site WWW.Eaglenationwideonline.com

What mistakes are commonly made when buying a home ?

Eagle Nationwide Mortgage Co. — Thu, 24 Apr 2008 21:41:07 -0500

What mistakes are commonly made when buying a home?

If you're like most people, purchasing a home is the biggest investment you'll ever make. If you're considering buying a home, you're likely aware of the complexity of the endeavor. Because of the numerous factors to consider when purchasing a home, it's important to prepare as best you can. Some common home-buying principles and caveats are presented here for your consideration. By keeping them in mind, you'll help create a successful and more enjoyable experience. The information contained herein is presented as a primer. Since your home could cost you 25 to 40 percent of your gross income, it's important to conduct research, ask questions and study the process carefully.

Buying a home

Looking for a home before being pre-approved. As a potential buyer competing for a home, you'll have a better chance of getting your offer accepted by being as prepared as possible. Consider this hierarchy of buyer preparedness:
Offers are submitted and -

The buyer is not pre-qualified or pre-approved

Buyer is Pre-qualified

Buyer is Pre-approved

The benefits available at each level can be easily understood when viewed from the seller's perspective. Imagine you're a seller in receipt of multiple purchase offers. A complete stranger (buyer) is asking you to take your property off the market for at least the next two to three weeks while they apply for a loan. As the seller, lets consider the type of buyer you'd prefer to deal with.

Neither pre-qualified nor pre-approved
This buyer provides no evidence that they can afford to purchase your property. You may wonder how serious they are since they're not at least pre-qualified.
Pre-qualified
This buyer has met with a mortgage broker (or lender) and discussed their situation. The buyer has informed the broker regarding their income, expenses, assets and liabilities. The broker may also have seen their credit report. The buyer provided you with a letter from the broker stating an opinion of what the buyer can afford.
Pre-approved
This buyer has completed a loan application, provided a broker or lender with written evidence of income, expenses, assets, liabilities and credit. All information has been verified by a lender. As a result, much of the paperwork for this buyer's loan has been completed. This buyer will probably be able to close quickly. They provide you with a letter (pre-approval certificate) from the lender. You're as certain as possible that this buyer can close.

As a potential buyer, you can see that being pre-approved will give you the best chance of getting your offer accepted. This is critical in a competitive situation.

Making verbal agreements. If you're asked to sign a document containing instructions contrary to your verbal agreements--don't! For example, the seller verbally agrees to include the washing machine in the sale, but the written purchase contract excludes it. The written contract will override the verbal contract. Do not expect oral agreements to be enforceable.

Choosing a lender because they have the lowest rate. While the rate is important, consider the total cost of your loan including the APR , loan fees, discount and origination points. When receiving a quote from a lender or broker, insist that the discount points (charged by the lender to reduce the interest rate) be distinguished from origination points (charged for services rendered in originating the loan). A below market or low interest rate quote may indicate some hidden loan requirements, like a prepayment penalty, requirement for escrow impounds, a short 15 day rate lock or requiring a bigger down payment. Make sure the rate quoted is for your specific loan request.

The cost of the mortgage, however, shouldn't be your only criterion. Select a reputable company which will deliver the loan as promised. Insist on a written pre-approval from the lender. If in the final hours of the transaction you find that the lender has suddenly increased their profit margin at your expense, you won't have time to start again with a different lender. Ask family and friends for referrals, and interview several prospective mortgage companies.

Not receiving a Good Faith Estimate (GFE). Within three business days after the broker or lender receives your loan application, you must receive a written statement of fees associated with the transaction. This is both the law and the best way to determine what you'll pay for your loan. Bring the GFE with you when you sign loan documents. You should not be expected to pay fees which are substantially different from those contained in your GFE.

Not getting a rate lock in writing. When a mortgage company tells you they have locked your rate, get a written statement detailing the interest rate, the length of the rate lock, and program details.

Using a dual agent--i.e., an agent who represents the buyer and the seller in the same transaction. Buyers and sellers have opposing interests. Sellers want to receive the highest price, buyers want to pay the lowest price. In the standard real estate transaction, the seller pays the real estate commission. When an agent represents both buyer and seller, the agent can tend to negotiate more vigorously on behalf of the seller. As a buyer, you're better off having an agent representing you exclusively. The only time you should consider a dual agent is when you get a price break. In that case, proceed cautiously and do your homework!

Buying a home without professional inspections. Unless you're buying a new home with warranties on most equipment, consider obtaining property, roof, structural and pest control and other relevant inspections. This way you'll know what you are buying. Inspection reports are great negotiating tools when asking the seller to make needed repairs. When a professional inspector recommends that certain repairs be done, the seller is more likely to agree to do them.

If the seller agrees to make repairs, have your inspector verify that they are done prior to close of escrow. Do not assume that everything was done as promised.

Not shopping for home insurance until you are ready to close. Start shopping for insurance as soon as you have an accepted offer. Many buyers wait until the last minute to get insurance and do not have time to shop around.

Signing documents without reading them. Whenever possible, review in advance the documents you'll be signing. (Even though some specifics of your transaction may not be known early in the transaction, the documents you'll sign are standard forms and are available for review.) It's unlikely that you'll have sufficient time to read all the documents during the closing appointment.

Not allowing for delays in the transaction. Ideally, all real estate transactions would close on time. In reality, transactions are often delayed a week or more. Suppose you asked your landlord to terminate your lease the day your purchase transaction was scheduled to close. A day or two before your scheduled closing date, you learn that your transaction is delayed a week. Very likely your landlord is inconvenienced and angry. The eviction process takes a little time, so the Sheriff won't immediately remove you, but this type of stress-producing episode can be avoided. How? Terminate your lease one week after your real estate transaction is scheduled to close. That way, if there is a delay in closing your transaction, you have some leeway.

If you are looking for a WEEKEND WARRIOR! I'm available for you around the clock. My E-mail is attached at my hip, as is my phone. I work from the office or Home. Basically I'm a little crazy to work as much as I do, but I really enjoy helping clients and partners. I can be reached at 502-24-LOANS or check out or New Web Site WWW.Eaglenationwideonline.com

How Do I Prepare For Closing?

Eagle Nationwide Mortgage Co. — Thu, 24 Apr 2008 21:18:45 -0500

How Do I Prepare For Closing?

Double-Check the Money

Prior to the actual closing day, there are several things you should do to be certain that your real estate transaction will close on time, and that everything will go smoothly. A day or two before closing, you should review your final closing statement or HUD-1 Statement, whichever is used in your area of the country. You should go over all the calculations and be certain that you are given credit for all your deposits and any other credits due to you from the seller or for other items agreed upon between buyer and seller. Go over all the lender and title and escrow fees, to be sure they are what you had been told and that you agree to them. Check the math calculations on the closing statement. Errors do occur.

Review the Documents

Carefully review the preliminary report or the guarantee of title insurance, to verify the exact legal description of the property and any liens, encumbrances or other items which may have been discovered on the property. Be sure that all items are removed that you did not agree to. Verify that the title or escrow agent has your correct vesting, or the way you want to take title to the property. This is important because to correct a vesting on a deed later on is time consuming and can be avoided if care is taken when escrow is closed.

Re-Inspect the Property

Besides the paperwork which you must review and verify, you should reinspect the property once again just prior to closing. Is everything the way you expect it to be? Have all the necessary repairs or other corrective work been done that were promised to you? This is important so that you don't arrive at your new house and find unexpected surprises.

Check and Double-Check

The most important thing to remember is that before closing you want to be certain that all the conditions of the purchase contract have been met. You want to be sure that all directions given to the closing agent have been performed. Before signing your name to any closing documents, check and double check that everything is correct, interest rate, fees charged and condition of the property.

If you are interested in talking about a new partnership, with a experienced mortgage consultant. Please contact me at either Klaus@enmcdirect.com

Or try our new web site WWW.Eaglenationwideonline.com

We can close loans in all 50 states, and I have great contacts from my prior career in the NFL.

Should I Refinance??

Eagle Nationwide Mortgage Co. — Thu, 24 Apr 2008 17:19:01 -0500

Should I refinance?

The most common reason for refinancing is to save money. Saving money through refinancing can be achieved in two ways:
By obtaining a lower interest rate that causes one's monthly mortgage payment to be reduced.
By reducing the term of the loan, thus saving money over the life of the loan. For example, refinancing from a 30-year loan to a 15-year loan might result in higher monthly payments, but the total interest paid durring the life of the loan can be reduced significantly.
People also refinance to convert their adjustable loan to a fixed loan. The main reason for doing this is to obtain the stability and the security of a fixed loan. Fixed loans are very popular when interest rates are low, whereas adjustable loans tend to be more popular when rates are higher. When rates are low, homeowners refinance to lock in low rates. When rates are high, homeowners prefer adjustable loans to obtain lower payments.
A third reason why homeowners refinance is to consolidate debts and replace high-rate loans with a low-rate mortgage. The loans being consolidated may include second mortgages, credit lines, student loans, credit cards, etc. In many cases, debt consolidation results in tax savings, since consumer loans are not tax deductible, while a mortgage loan is usually tax deductible.
The answer to the question, "Should I refinance?" is a complex one, since every situation is different and no two homeowners are in the exact same situation. The conventional wisdom of refinancing only when you can save 2 percent on your rate is problematic. If you are refinancing to lower your monthly payments, the following calculation is more appropriate compared to the 2 percent rule:
Calculate the total cost of the refinance--example: $2,000
Calculate the monthly savings--example: $100/month
Divide the result in 1 by the result in 2--in this case 2000/100 = 20 months. This shows the break-even time period. If you plan to live in the home for longer than this period of time, it likely makes sense to refinance.
Sometimes, you do not have a choice--you are forced to refinance. This happens when you have a loan with a balloon payment and no conversion option. In this case it is best to refinance a few months before the balloon payment is due.
Whatever you're considering, consulting with a seasoned mortgage professional can often save you time and money. Make a few phone calls, check out a few web sites, crunch on a few calculators and spend some time to understand your options.

As usual, I want to build new relationships, and if anyone is interested in hearing old Football stories when I played Pro with Joe Montana or Dan Marino, give me a call or check out our web site. I'm not joking. WWW.Eaglenationwideonline.com
Or Contact me direct at Klaus@enmcdirect.com or 502-24-LOANS

Are you buying a House or a Home?

Eagle Nationwide Mortgage Co. — Thu, 24 Apr 2008 17:10:28 -0500

Are You Buying a House or a Home?

As you read and study about buying real estate, you will often find the words "house" and "home" used interchangeably. There is a huge difference between a house and a home.

A house can be a place to eat, sleep, park your car, and put all your "stuff" (including other family members). It is a material possession and an investment. A home is where you feel comfortable, warm, safe, and protected.

A home is where you live.

A house is something you buy logically. A home is an emotional purchase. When buying real estate you have to balance your emotional wants and your logical needs because there will almost certainly be a time when the two conflict.

Example

For example, you may want a house with a view, but the payment is higher than you feel comfortable with on a thirty-year fixed rate mortgage.

What do you do?

Purchase the house anyway and budget more carefully for the next few years? Buy the same house without the view and get it cheaper? Make a larger down payment by borrowing from your 401K or family members, so you get a lower payment? Get an adjustable rate mortgage with a smaller payment instead of a fixed rate loan? Or buy a smaller house and still get the view?

When viewing the house, most people look at it emotionally and envision it as a safe, happy, comfortable home. Later, when making the offer or filling out a mortgage application, your logic may begin to kick in, instead. That's when "buyer's remorse" may come up, but...that's a different article.

Balancing Act

The trick in buying real estate is to view all decisions with both a logical perspective and an emotional perspective. If a situation presents itself that requires a trade-off, decide on whether there is a huge conflict or a small one. Logic should win the big conflicts, but emotion should always be a factor, even winning the small ones.

You will find yourself owning a warm, happy, safe home - and an investment for the future at a price you are willing to pay.

The Best Investment

As a fairly general rule, homes appreciate about four or five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood, and region to region.

Five percent may not seem like that much at first. Stocks (at times) appreciate much more, and you could easily earn over the same return with a very safe investment in treasury bills or bonds.

But take a second look...

Presumably, if you bought a $200,000 house, you did not pay cash for the home. You got a mortgage, too. Suppose you put as much as twenty percent down - that would be an investment of $40,000.

At an appreciation rate of 5% annually, a $200,000 home would increase in value $10,000 during the first year. That means you earned $10,000 with an investment of $40,000. Your annual "return on investment" would be a whopping twenty-five percent.

Of course, you are making mortgage payments and paying property taxes, along with a couple of other costs. However, since the interest on your mortgage and your property taxes are both tax deductible, the government is essentially subsidizing your home purchase.

Your rate of return when buying a home is higher than most any other investment you could make.

As usual, I would love to build new partnerships and share my years of experience with new partners. I'm expanding my referral base and can help you. Please apply online at WWW.Eaglenationwideonline.com

Or contact me direct at 502-24-LOANS Or Klaus@enmcdirect.com

The Home Wealth Effect

Eagle Nationwide Mortgage Co. — Thu, 24 Apr 2008 06:37:18 -0500

The "Home Wealth" Effect

In America, the most common way to accumulate wealth is through home ownership.

At the time of a survey conducted by the National Association of Realtors, the "average" homeowner has $50,000 in "unrealized wealth" in their home. Those families with incomes over $75,000 averaged $100,000 in "unrealized wealth." Families with incomes less than $40,000 averaged $40,000 in unrealized wealth.

"Unrealized wealth" just means your house is worth more than what you owe on it. This is also called "equity." Savings. You own an asset that appreciates in value.

Over the last year, the "average" house increased 7.1% in value. Since the "average" house is worth $153,300, that means in one year the "average" homeowner accumulated $10,884 in wealth -- by doing nothing more than making a mortgage payment (plus taxes and insurance). Since interest and property taxes reduce your taxable income, the federal government is subsidizing this increase in "home wealth."

Three out of four homeowners say their "home wealth" is greater than their "stock wealth."

The most common way to "tap in" to unrealized wealth is to refinance and pull cash out of the home, get a home equity line of credit or sell your home. At least forty percent of those who sell their home use some of the money to buy a bigger, better, or newer home.

Renting does not accumulate wealth.

Statistics and figures come from the "home wealth" survey of the National Association of Realtors conducted in August and September of 2001.

For more information or if you would like to partner with an experienced Mortgage professional please feel free to contact me at Klaus@enmcdirect.com or Check out our Web page at WWW.Eaglenationwideonline.com