Darren's Blog

How to Set New Year’s Financial Resolutions You Can Keep

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Wed, 07 Jan 2009 23:01:44 -0600

How to Set New Year’s Financial Resolutions You Can Keep

Each year we do the same thing...making the same resolutions...and every year it’s the same old thing. No matter how much you start with the best of intentions, you never manage to pull the proverbial rabbit out of the hat to fulfill your New Year’s Resolutions. Maybe you just don't know what kind of resolutions to set...or how to get started. Certainly as it pertains to your finances, especially in this economy, it is important to set the right resolutions to get your financial house in order! Even more so, it is important that you start now, so that you can meet specific deadlines that occur throughout the year. I've put together a plan for myself that I wanted to share for others in case you too are in need of keeping a resolution or two. You might find you can actually keep a New Year’s Financial Resolution this year.

Common sense tells you that your goals need to be specific with details and timelines to their fulfillment. For example, if you put on a few pounds in '08, you can't just buy a gym membership and say you want to get back in shape. You should instead set a weekly workout regime, sign up with a personal trainer, and decide to lose x pounds by x date...working out a set number of days each week.

As it pertains to your personal finances something more than a generic plan about your money and where is goes is an absolute necessity. You should set a simple, realistic budget that reflects what you have spent in previous months.

In this shaky financial market, credit is king! Maintaining good credit is an important foundation for achieving the rest of your financial goals. So start by finding out where you currently stand with a credit report from Get your credit report at www.annualcreditreport.com (completely free) or
www.myfico.com (charges a fee, but includes the same FICO scores that your mortgage lender will
use). Any other “free credit scores” are NOT true Fair, Isaac, & Co. (FICO) scores, which are the only
scores that matter. If your credit score is lower than 680 due to some outstanding debt, see if you can get those bills paid off as early in the year as possible. Pay the credit cards with the highest interest rate first and then move on to the ones that can be paid off in full so you can start with as clean a slate as possible. NEVER CLOSE AN ACCOUNT IF YOU CAN HELP IT! Keeping an account with no balance open will help with your credit history. About once ever 6 months, take the card out, charge something small on it, then pay it off in full when the bill comes.

Experts in “getting things done,” agree that it is best to list small, attainable goals rather than go for a lifestyle change overnight. By giving yourself simple tasks that you can even complete in five minutes, once a day, you will make headway over the course of a month. Each time you complete a task you should celebrate! Get up and do a little "end zone" dance or gig. Pat yourself on the back. Send an email to yourself congratulating your accomplishment. This will go far to helping you stay motivated to reach the next task.

Below are some questions to aid in getting you to hone in on what specific, measurable goals, within different aspects of your finances, you need to be working on. Feel free to call or email me for a free consultation to help you on the right path, or for direction to gain insights into your spending patterns and come up with answers to these questions. If you have ideas that have worked for you, feel free to share them in an email or comment as well as sharing links to appropriate articles or sites that have helped you.

What is the category of spending that concerns you the most?
How much did you average spending in this category last year?
What was the highest month within this category?
What was the lowest month?
What are your spending goals for this year compared to last year. In which categories and months can you lower your spending?
Who is going to hold you accountable? Email or call them now. (let it be me!)
What are you going to do with the amount you save within this category (make it automatic thru electronic debit) – save or give?
How much money did you have in emergency savings at the beginning of 2008?
How much money do you have in emergency savings now?
What is your goal for the end of January for your emergency savings account?
By the end of February?
By the end of the 2009?
Have you seen a recent credit report? If applicable, list the most annoying and/or severe derogatory item on the report (i.e. collection, judgment, late credit card, car that was reported late but was actually on time).
What is one action step that you can take TODAY towards resolving this (i.e. Make an initial phone call, draft a letter to the credit bureaus, calling me to review your credit with you)?
Do you currently own a home? If so, do you have someone managing your mortgage for you? (feel free to ask me about this) If you do not, now is the time to plan to buy. Ask me about helping you set up a plan.

Write down the next action step and the date that you are going to do this by. Write out a simple agreement with yourself such as, " I, Darren Orshoff, will immediately take 10% of every one of my paychecks and put it in a savings account not associated with my other accounts. Once the account reaches x dollars, I will transfer that money to my eTrade.com account and buy more of OEHY stock. I will reach x dollars by February 21st, 2009. I will continue to save 10% in the same manner after this date and from then on." Then sign and date it, and give a copy of it to someone you trust who can give you reminders. Do the same for them as well.

Put some focus on the real estate market. If you are not a homeowner, then ask yourself why not. Create a plan like the above to get there. Set up a time to meet with me to dicuss this. If you are a homeowner, make sure you have the right loan on your primary residence. This is SO important in this market when home prices have been in, and will likely continue to, decline.

If you have an adjustable loan that is going to adjust in the next two years and you have equity YOU MUST REFINANCE IN TO A FIXED RATE LOAN IMMEDIATELY!!! Do not delay - do not pass go -- do not collect $200 -- CALL ME NOW! If you do not have equity, then you should immediately consider doing a Loan Modification. Be careful of the advertisments you get in the mail. Loan Mod companies are popping up right and left. ONLY deal with one who is approved by the Department of Real Estate and has a money back guarantee! The attorney-based loan mods I am associated with have both of these! I can let you know if you qualify within 48 hours.

If you are looking to purchase a house you MUST get preapproved BEFORE you start looking for a home! Call or email me to find out why.

Call me today at (888) 823-2261 for your no obligation, free consultation.

Print out goals/resolutions and put it where you will see it every day. Read (aloud) the agreement with yourself daily. This will keep you focused on it and embed its success in your subconscious.

This should hopefully get you started, and help you to consider other areas of your finances (or other aspects of your life) that you want to transform in 2009. I look forward to hearing from you, about your resolutions and goals, what your plan of attack is, and how I can help you get there!

Here's to your success!

Take Time Out for Planning

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Fri, 03 Oct 2008 12:56:48 -0500

ON-Time
Take Time Out for Planning

Have you ever had days, weeks, or even months go by when you were frustrated in your work activities because you failed to implement the things that you know you need to do in order to be more successful? Perhaps you've taken pages and pages of great notes at seminars on the subject of how to improve your business, only to return to the office the next day and implement none of it. The reason this happens to people is because they lack a plan. More importantly, it happens because they are not practicing ON-Time.

ON-Time is a time you set aside to work on your business instead of in your business. The simple fact is that in our daily routine, we are typically in a reactive state. The phones are ringing, the emails are coming in, there are voice mails to check, clients to meet with, staff members to assist. On and on it goes. During all this reactive behavior, we have very little time to work on the things that we need to put into place to take our business to the next level.

Get into a good habit by practicing ON-Time!

Leaving the office on a regularly scheduled basis to work on your business in a totally quiet, serene, and proactive environment is critical to your success in the long run. All successful business people practice some form of ON-Time.

Here's a suggestion on how to construct your own ON-Time schedule. Take out a folder and put it in your briefcase. Call this your ON-Time Folder. Every time during your normal work week you come up with an idea, hear about something or see something that could increase your business, throw it into your ON-Time Folder.

At least one full day per month, schedule time to leave the office and spend that entire business day somewhere outside the office. Make sure it is a serene place, or a meditative place, where you can practice ON-Time with a clear head. That means no cell phones and no interruptions! Take out your ON-Time Folder and work on the things you need to address to take your business to the next level. If you discipline yourself to doing this 12 times per year, the difference will be profound. Your level of success and your ability to take your business further will increase, hand in hand.

Email me for more tips to handle yourself or your business. Darren Orshoff at darren@tadaco.com

It's a Crazy Market...What's Next? Regardless...Take Action!

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Wed, 01 Oct 2008 18:37:29 -0500

It’s pretty crazy how in the last 3 weeks the following has taken place:

• Fannie Mae & Freddie Mac were seized by the government
• Leman Brothers files for bankruptcy
• Bank of America bails out Merrill Lynch before they have to file for bankruptcy
• AIG bailout by the Federal Reserve in the amount of a $85 billion loan
• President Bush seeks a $700 billion Bailout and it fails to pass
• Goldman Sachs & Morgan Stanley turn into regulated commercial banks
• Warren Buffet buys $5 billion of Goldman Sachs stock
• Washington Mutual is seized by the government & sold to JP Morgan Chase
• Wachovia is bailed out and purchased by Citigroup

The next question is, what’s next?

Monday showed a 777 loss in the Stock Market...Tuesday showed over a 400 point gain back...will the adjusted $700 Billion "Bailout Plan" (or better termed and Economic Stabilization
Plan) pass this week now that some changes have been made to gain bipartisan support?

What does this all mean to the average homeowner? In the midst of this country wide "crisis", remember that most banks are doing just fine. Most people are paying their mortgages on time. Most of your neighborhood will go on in the days to come like they always have. And everyone in every neighborhood needs a place to call home.

Some people say that any government "bailout" will lead to more people walking away from their homes. Bruce Norris, a well renowned real estate investor and California market statistician (and one of my personal mentors), has numbers and a viewpoint (of which I agree) that basically states that homeowners who are paying their mortgage on time every month, who are just as upside down as their defaulting neighbors, will be more apt to default themselves if they can get access to government funds or loans to cut their mortgage in half.

Furthermore, if they are not eligible for government assistance because they actually qualified for a real loan with their real financial picture, rather than an adjustable "liars" loan at 100% financing, they might just walk away from their upside down home throwing their hands up in disgust at what is happening next door.

I believe that anything the government does, while it may help the problem, will only prolong the market recovery. This "bailout" plan will eventually be profitable for the government (read this) it will take years for the effects to be realized. What do we do in the meantime?

The short answer: INVEST IN REAL ESTATE!

It will not be the government who will make the biggest dent in this crisis. It will be the real estate investor. It will be the savvy investor. It will be the novice investor. It will the be the entrepreneur who will look at the opportunities to not only make money, but put people back in to homes and home ownership who are already coming out of the woodwork bringing their cash and business savvy to create solutions.

I am doing it. Many of my clients and listeners of The Home Ownership Roundtable are doing it. I am even pooling funds from friends, family and associates to leverage our smaller individual dollars in to larger collective powerful bucks to buy more and provide profits to all.

Yes, this is a pretty crazy time right now...scary, even for me, and I know for you...but do not let your fear prevent you from taking action! This is the time to do it!

If you would like to talk about what action is right for your fee free to contact me through this site or via email at darren@971roundtable.com. I look forward to hearing about the action you are taking, want to take, or if you want to take some action with me!

Here's to investing! (perhaps even together!!!)

Maximize Your Drive Time

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Wed, 17 Sep 2008 10:46:40 -0500

Maximize Your Drive Time
Tips & Tricks to Ease Your Commute

As the population continues to grow, more and more people will be clogging the highways during your commute. Rather than becoming increasingly frustrated and discouraged, why not use this time to do something productive? There are many ways you can achieve this, and here are some technologies to help you do it.

Have you ever been traveling along and suddenly had a great idea? Since it's generally not safe to jot down notes while driving, make sure you have a digital mini recorder to get those ideas down. Another solution is to put your office voicemail on auto dial and leave messages for yourself.

A great way to utilize your drive time to the fullest is to listen to audio books or enhance your professional development with informational CDs. There's a wide range of options available for download or purchase.

I have a wonderful series of Gift of Knowledge Interviews which cover a variety of topics. Please contact me if you would like to learn more and obtain some editions on CD! I also can help you with your Short Sales...I can process them through the system like nobody's business! Just call to find out how I can get you PAID! Call Darren @ 909-856-6878

iPhone, MacBookPro - I love it! Macs Rule!

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Wed, 10 Sep 2008 13:15:55 -0500

Ok! Here is one that I am sure will cause some controversy.

I am a die hard APPLE fan! I have been ever since my first MAC SE in 1987. Actually before that using a girlfriend's Apple in 1984.

Since then I have had an Apple II, the first PowerBook, the PowerComputing Apple Clone (short lived), a G3, G4, Clamshell Mac Laptop, PowerBook G4, Desktop G5, and now a 17" MacBook Pro running both Windows XP and MacOSX Leopard effortlessly at the same time.

Now I do graphic work and wouldn't dream of doing it on a WinTel PC, and I do have to use Windows for things like Point, but everything else is just better on a Mac. 2 Computers in one & more powerful than both combined! Well worth the price.

iLove my iPhone too! My only complaint is the battery life. So I have slightly adjusted my use and have it plugged in to my laptop when ever I am on it. It is always synced, and always charged. And it integrates with my Gmail, Mac Mail (MeMail), Yahoo, MS Messenger Live, Outlook, online and hardline syncing with all calendars, and it has the best browser any phone could ask for...and, for that matter, many computers could ask for.

The best of all...I can blog right from my phone with a simple one touch process. Check my iPhone blog at www.tadaco.com.

Newly Renovated House in Moreno Valley

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Wed, 10 Sep 2008 12:38:24 -0500

I am so excited about remodeled homes like this one! When you look at the other homes that are available in the same area nothing compares!

Price : $171,000.00

Property Number : 147

County: Riverside

Address:

Moreno Valley , CA 92553

Type: Single Family Home
Building Type: Other

Year Built: 1986
Square Footage: 1526
Central Heat/Air (CHA): Yes
Beds: 3
Baths: 2.5
Garage: 2 Car
Pool: No

Move-In Ready!

This newly remodeled home features 3 bedrooms, 2 full bathrooms, one half bath, and a 2 car garage. The recent renovation includes new cut berber carpet, two-tone paint, new stainless steel appliances, granite countertops in the kitchen and bathrooms, new electrical and lighting, new paint inside and out, and new lanscaping in the front and back yard. Best value in the neighborhood.

The property sits close to schools, shopping, movie theaters, numerous restaurant choices, and several recreational locations in Moreno Valley.

This is the kind of remodel every house should have!

Simple Steps to Improve Your Productivity

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Tue, 09 Sep 2008 22:38:35 -0500

This is a part of a newsletter and tips that I send out regularly to clients and referral partners. Time management is so important to me as I am often faced with a mountain of work. I thought some of you might find it interesting as well. Let me know your thoughts.

Managing Your Tasks
Simple Steps to Improve Your Productivity

Have you ever noticed that some of your most innovative thoughts have happened at the oddest times? The reason for this is that your brain wasn't occupied with your ongoing "to do" list, so it was finally free to explore new ideas.

If you want to do more creative thinking, then you need to establish a system for organizing your tasks. Begin by collecting them in an in box. What should you do with the items once you've accumulated them? According to David Allen, the best-selling author of Getting Things Done, the first step is to ask, what is it? Is it actionable? If you can't act on it, then put it into one of three categories: reference, such as a noteworthy article; someday–maybe, which is a task that you might do later; and trash. The filing principles we're discussing here work equally well with manila folders and a circular file, but in our example we'll be using Microsoft Outlook.

Many of us use Outlook's tasks function, but for some the list has degenerated into an "amorphous blob of undoability", according to Allen. He suggests organizing Outlook tasks using categories. For tasks that require no immediate action, but might happen eventually, produce a category called someday-maybe. Create each task in this category with a potential start date and a scheduled reminder. If there are items that should be referenced, you can file them in an appropriate folder on your hard drive or in a file cabinet. Remove trash as soon as you can.

If the item is actionable, you will have to decide on the next step. This step will either be to do it, delegate it, or defer it. If a task can be handled in 2 minutes or less, Allen says simply do it. It will take longer to file and retrieve it later.

If you can delegate a task, do so. Outlook gives you the option of assigning a task to somebody else, setting due dates and priority, and sending the task to a recipient in your contacts list. It will also notify you when the task is reported done. You can file this task in your new Outlook category, waiting for.

If you can't handle a task immediately, Allen suggests deferring it to a category where it can be done. Examples include: @phone, if you have to call a client; @home, if you need to mow the lawn; @office, if you need to prepare a presentation, etc. If a task has to be done at a specific time on a specific day, put it in the Outlook calendar. Don't forget to set reminders.

Of course you will have projects that can't be handled as simply. Any task that involves more than one step should be filed in the task manager under projects. David Allen suggests that on a weekly basis, you should review all tasks listed under projects and ask yourself, "What is the next action?" This will ensure that you continue to make forward progress.

If you would like to learn more about task management, please call me at 909-856-6878. I would be happy to send you a Gift of Knowledge Interview with productivity expert, David Allen. In the moment for the moment...Darren Orshoff

Come On People...TAKE SOME ACTION!!!

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Mon, 08 Sep 2008 22:24:45 -0500

Another Saturday on the radio! I have been hosting The Roundtable (www.971roundtable.com) with my 3 partners for over two years. It is always a pleasure to be on the air talking to people about solutions to problems and ways to make money through real estate.

Okay...while that is true...I get very frustrated when I hear people talk about their problems that could have been avoided if they had only taken action sooner.

If they had only refinanced last November when we told them to. If they had sold when we said the market was coming down. If they had called us before their loan adjusted when they could still afford the payment. If they had invested in the rehab properties when the financing was still a slam dunk to get. If they had listened to our three rules of investing...especially rule number two that says that you have to stay positive while holding they would not have so much negative cash flow.

Now we are telling people who need to sell their home in California but can't that we have a solution for you. You can either rent for likely negative cash flow holding on to the property for years...you can short sell or go in to foreclosure...or you can sell it through us with our real estate assisted partnership. By are you? Not as many as there could be.

How about the people who's loans have adjusted or will adjust in the next year? We have told then about a solution that can save their loan and home...there is a cost , but it us nothing compared to losing their home. Are they acting? Not as many as should act!

We told people that they should call us to refinance if they still have equity and their loan will adjust in the next year! Rates will go up after the election and home prices will continue to fall! If they wait until their loan adjusts they will have a rude awakening when they are not able to get financing!

We have told people about the cash flow positive out of state investments for between $500 and $3500 out of pocket. Or how does 300% plus cash on cash returns sound? How about investing with us out of state and in California for only $12,500 secured by real estate with expected 460% cash on cash returns in 3 years with quarterly payouts beginning in 6 months. We even have gone as far as having people who have taken action and invested through and/or with us giving rave reviews of their experience and returns...some people act (actually many people)...but there are thousands of opportunities available and only hundreds of people are taking action!

I love doing the show and we always encourage people to take action whatever their situation might be.

Tune in every saturday or call me now at 909-856-6878 if you are ready to take action! Listen, Learn, and Take Action! tm

Have You Visited Your Local Library Lately???

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Wed, 03 Sep 2008 13:18:59 -0500

Aug 25, 2008

Have you visited your local public library lately? Long gone are the days of card catalogs and library marms telling you to hush! It is a wonderland of education and fun for youth and adults alike.

My wife has been telling me for months that things have changed...we started bringing the kids to storytime at our local library a few years ago. It was fun for the kids and we were able to check out books for the kids to read at home.

But did you know that the newer libraries (or the renovated ones) have rows and rows of computers to use for free (an hour at a time) and that they are connected to the Internet at smoking fast speeds?

How about the arts and crafts programs for kids that focus on reading and other important skills? There are even classes and meetings for adults. I am going to teach a few classes at the one in Riverside called the Woodcrest Community Library.

My son, Dane, is pictured above playing online at one of the educational websites the library has bookmarked.

Visit your local library today. You might just be surprised. Check out my local library online at www.riverside.lib.ca.us

Check out my classes and seminars at www.tadaco.com

Keyboard Shortcuts -- I use them...you should too!

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Wed, 03 Sep 2008 13:12:11 -0500

Keyboard Shortcuts
Improve Your Efficiency

PCs are an integral part of our lives. We use them extensively at the office and usually end up logging on in the evening as well, to read email and catch up on the day's news.

Since we spend so much of our time in front of the computer, it makes sense to find ways to improve our efficiency. This is where shortcuts come in. By using combinations of keystrokes, you can quickly access several tools without ever having to use your mouse. Most Windows shortcuts may be used for any Microsoft program (Word, Excel, Outlook, etc.) as well as selected products from other manufacturers.

If you would like to incorporate these shortcuts into your repertoire, try keeping a copy of this list at work and at home. Refer to it daily until the keystrokes become second nature. You'll be surprised at how much time you'll save!

Look for more Business Boosters about techniques I use to maximize my efficiency!

If You Are A REAL ESTATE INVESTOR --- The Norris Group dot Com!!!

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Wed, 03 Sep 2008 13:06:11 -0500

Aug 27, 2008

If you are a real estate investor, or if you want to be, you have got to find out about The Norris Group!

I am at the Bootcamp Bruce Norris puts on and I recommend that anyone who is an investor go through his course! Unless you plan on investing in the Inland Empire...that's where I am investing...stay away! :)

Aaron talked about social networking online and some of the technology that investors should be using...great stuff. Aaron is an expert at this kind of stuff. I love it because I am a computer geek as well.

Bruce is preparing us to go out in the field today to look at homes he has purchased and repaired/rehabbed. He is showing us what and how he does it...and he does it better than anyone!

Check them out at www.thenorrisgroup.com

I'll talk about my experience in the class and what I am doing with my real estate investments after the 3 day class.

Darren says TAKE ACTION NOW!!!

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Wed, 03 Sep 2008 12:56:31 -0500

Another Saturday on he radio! It is always a pleasure to be on the air talking to people about solutions to problems and ways to make money through real estate.

Okay...while that is true...I get very frustrated when I hear people talk about their problems that could have been avoided if they had only taken action sooner.

Now we are telling people who need to sell their home in California but can't that we have a solution for you. You can either rent for likely negative cash flow holding on to the property for years...you cab short sell or go in to foreclosure...or you can sell it through us with our real estate assisted partnership. By are you? Not as many as there could be.

We told people that they should call us to refinance if the still have equity and their loan will adjust in the next year! Rates will go up after the election and home prices will continue to fall! If they wait until their loan adjusts they will have a rude awakening when they are not able to get financing!

I love doing the show and we always encourage people to take action whatever their situation might be.

Tune in or call us now at 888-971-8326! Listen, Learn, and Take Action! tm

TAKING AN INTEREST IN YOUR CREDIT CARD RATE...

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Wed, 23 Jul 2008 11:40:01 -0500

TAKING AN INTEREST IN YOUR CREDIT CARD RATE...

Credit cards are one of the most pervasive forms of your financial picture. On a daily basis, they provide the flexibility and freedom to reserve a hotel room, travel without carrying cash, and purchase just about anything at anytime.

As such, your credit cards can have a major impact on your financial wellbeing and even your credit score. But did you know that your credit score can also impact your credit cards...specifically your interest rates? Although some companies have abandoned the practice, many won't hesitate to raise your interest rate if your credit score declines--even if you are paying them on time! By following these tips, you can help avoid inflated interest rates on your credit cards:

Understand the terms. The best way to protect yourself from high interest rates and hikes is to read and understand your credit cards policy terms. Pay particular attention to the interest rate, how long that rate is in effect, and what actions can lead to a hike--such as a late payment on your card, a declining credit score, or even a late payment on a completely unrelated bill.

Don't be late. Making a late payment can lead to increased interest rates on all your cards. In addition, they can lower your credit score, causing you even more problems down the road. So make a schedule and always pay on time.

Watch the mail. We all get junk mail, but some of it may not be junk after all. Whenever you receive any information in the mail from your credit card, read it carefully in case any policies or interest rates are changing.

Make a call. If your rate does change, call the company. If you've made your payments on time consistently, you may be able to get your original rate restored. If the company seems hesitant, you may want to threaten to transfer your balances to another card--customers in good standing may find they have more bargaining power than they realize. And don't just threaten to make a change...actually do it if it makes sense. You may find the grass actually is greener on the other side.

Be careful what you close. Closing a card that has a current balance will likely send your interest rate soaring. In addition, closing your oldest credit cards can have a negative impact on your overall credit score. So make sure you check and double check which cards are best to close.

To find out more about your own credit score--and what you can do to improve it--call me today. You'll be surprised how a few simple steps can make a big difference and can improve your overall financial picture.

Go to www.roundtablecredit.com for more info!

Darren Orshoff, is an active Real Estate Investor and a Certified Mortgage and Investment Planner with Wholesale Mortgage Source, a mortgage brokerage company based in Temecula, California. Orshoff also hosts The Home Ownership Roundtable, a weekly educational radio show on CBS Radio providing insight and direction to anything related to real estate finance and investment. He is a real estate investor with investment opportunities for everyone. He also teaches wealth education to youth and adults as a Certified Creative Wealth Specialist bringing financial literacy to the masses.

If you would like to receive my weekly or monthly newsletter with great tidbits of info like this click here to email me with the subject "please add me to your mailing list." You can always tune in Darren Orshoff every week on 97.1 FREE FM (or stations up all along the West Coast) as I talk about everything real estate finance and investment on The Home Ownership Roundtable.

For information on anything real estate finance and investment, contact Orshoff at 888-823-2261 or visit www.orshoff.com

FOR THE MOST AMAZING REO INVESTOR PROGRAM OUT THERE CHECK ME OUT ON MEETUP.COM AT http://realestate.meetup.com/1446/

AT THE CAR WASH...

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Mon, 14 Jul 2008 23:30:54 -0500

AT THE CAR WASH...

"Those Cars Never Seem To Stop Coming... Keep Those Rags And Machines Humming!"
~ Rose Royce

With spring in full swing and summer fast approaching, most people want to have their car looking good. Driving a nice clean car just feels good--and it can also help to preserve its appearance and resale value.

What's the Best Way to Clean Your Car... at the Car Wash or at Home?

Believe it or not, an automatic car wash is not only more convenient, but it can also be much safer for your car than washing the car at home. Why? If your car is washed by hand in direct sunlight, the drops of water turn into mini magnifying glasses, which can cause the sun's rays to burn spots into the paint--and this could cost you big when going to resell the vehicle. Additionally, many people use harsh household soap products, which remove protective wax and leave a chalky residue on the surface. Taking this into consideration makes the $8 to $15 automatic car wash fee look pretty reasonable.

Of course, the car wash has a number of "extras" that can add up fast and quickly double the cost of a quick car wash! Before you agree to the "works" package, find out what is included and decide if it is really worth the extra money to have a fresh scent sprayed in the interior, or a spray-on wax applied to the exterior.

Consider These Tips the Next Time Your Car Needs a Shine.

Rust Proof Spoof? Undercarriage rust proofing may be one of the extras you can do without. That's because most new cars were already rust proofed at the factory, and adding a car wash proofing adds little to nothing in terms of true protection.

Wax On, Wax Off. Many automatic car wash machines offer a spray-on wax feature. But, truth be told, spray-on waxes offer little more than a surface-level shine. A hand-applied wax, on the other hand, may be worth the investment because it helps restore precious oils and provides a UV-protective film.

Wash That Grease Away? In most cases, you'll want to avoid having your engine cleaned. The high-pressure water used to perform the engine cleaning can cause serious engine problems in new vehicles.

Undercarriage Cleaning. Rust proofing your car's undercarriage may not be necessary, but you should consider adding an undercarriage cleaning. It washes away residue from the winder and helps prevent buildup that a regular car wash can't reach.

Ring Around Your Tire? Tire dressings are a better investment and more important than they may seem at first. That's because they actually provide a strong cleaning that removes dirt and brake dust that may cause problems if left unchecked.

To Brush or Not To Brush. When it comes to automatic car wash machines, you should always opt for a brushless car wash. Older car wash facilities may still use brushes, which tend to leave light scratches in the paint. They can also remove the clear coat that was applied by the factory to protect the paint.

Darren Orshoff, is a Certified Mortgage and Investment Planner with Wholesale Mortgage Source, a mortgage brokerage company based in Temecula, California. Orshoff also hosts The Home Ownership Roundtable, a weekly educational radio show on CBS Radio providing insight and direction to anything related to real estate finance and investment. He is a real estate investor with investment opportunities for everyone. He also teaches wealth education to youth and adults as a Certified Creative Wealth Specialist bringing financial literacy to the masses.

For information on anything real estate finance and investment, contact Orshoff at 888-823-2261 or visit www.orshoff.com

BEAT THE HIGH GAS PRICES!

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Sat, 17 May 2008 00:30:33 -0500

I just drove round trip from Riverside, CA to Santa Barbara, CA...and had to fill up my gas tank in Santa Barbara. I drive a Chrysler Aspen and get an average of 17 MPG. Not all that great, but for a family SUV (a V8 at that) it is not bad.

I was shocked because, for the first time, i paid more than $100 to fill up my gas tank! WOW!

I also have a GEM -- Global Electric Motorcar - check them out at www.gemcar.com (they currently have a $1300 grant for California residents who buy one)

This is what mine looks like but with gray instead of red.

It is all electric, it goes about 30 MPH, and is legal on roads posted 35MPH or less. I tool around town and have found alternate routes to areas within about 10 miles from my house. It is fun to drive, and my kids love it! And best of all...NO GAS!!! I don't even notice it in my electric bill.

If you do not have an electric car for local trips to the store, out to lunch or dinner, the movies, etc....here are some tips to save at the pump!

With record-setting gas prices at the pump, now's the time to make sure you're stretching every mile you can out of each gallon of gas. So before you hit the road this spring and summer, make sure you take a few simple steps to operate more fuel efficiently... and save some cash.

Put a Lid on It. Did you know that a bad seal on your gas cap could allow as much as 30 gallons of gas to evaporate over the course of a year? Before you leave the pump, make sure you tighten the cap completely. And if you notice that the rubber seal on the cap is beginning to wear out or crack, replace it. This minimal investment will pay dividends down the road.

Don't Just Kick the Tires...Check Them! Under-inflated tires are one of the most common reasons for poor gas mileage. If your tires are under-inflated by just 20%, your gas mileage can drop by as much as 15%. That means you'd be getting two to three miles LESS per gallon...which leads to filling up sooner and paying at the pump more often than you need to.

Take a Load Off. For every 100 pounds of unwanted weight your car carries, your fuel economy drops up to 2%. Shedding that unwanted poundage--including golf clubs, bike racks, and tools--can save you the equivalent of three to six cents per gallon! So check your trunk and empty out any unnecessary items.

Ease on Down the Road. Remember, unnecessary stops and starts, as well as aggressive acceleration can overshadow all of the good tips on this list--so take it easy on your gas pedal. You'll also want to use your cruise control wisely. For instance, turn off cruise control when climbing steep hills to stop your car from automatically cranking up to maintain its speed. And, leave your cruise control off when you go down the other side of that steep hill--your car doesn't understand gravity as well as you do and, therefore, won't take advantage of the downhill momentum.

Give It Some Air. Believe it or not, replacing a clogged air filter can improve your car's gas mileage by as much as 10%! Not only will replacing a dirty air filter save gas, it will protect your engine.

Consider Using Overdrive Gears. By using the overdrive gears, you can reduce your car's engine speed... which means you'll save gas and reduce engine wear at the same time.

Stop Idling. Finally, if you're sitting still for longer than a minute, you should consider shutting down the car. Idling endlessly reduces gas mileage and wastes precious fuel you could be using to get across town.

By following these simple tips, you'll be taking better care of your car...and your wallet!

I can save you some money too on your home loan (www.ieloanguy.com) save your credit by improving it (www.roundtablecredit.com) or help you create some massive, passive income (www.971roundtable.com)! Tune in to my radio show every Saturday at 1pm and come see me live on May 31st at www.realestateexpo2008.com

REAL ESTATE INVESTORS EXPO 2008 - in Anaheim on May 31st, 2008 - www.realestateexpo2008.com

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Sat, 17 May 2008 00:08:42 -0500

The Home Ownership Roundtable present the 2nd Annual Real Estate Investors Expo!

Join us for this full day of Educational Speakers, Exhibitors with Out of State Investment Opportunities, a LIVE 97.1 FREE FM Broadcast with The Home Ownership Roundtable and various Real Estate Services and Tools.

Whether you are a seasoned investor or just starting out, whether you are looking to understand how to be an investor in real estate, wanting cash flow, foreclosures, rehabs, residential and commercial properties, and more, this is the event for you.

REGISTER NOW and do not miss this great opportunity!

Time and Place
Date:	Saturday, May 31, 2008
Time:	8:00am - 5:30pm
Location:	Hyatt Regency - Orange County (Near Disneyland)
Street:	11999 Harbour Blvd.
City/Town:	Garden Grove, CA
	View Map

Contact Info
Phone:	8889862533
Email:	darren@971roundtable.com www.realestateexpo2008.com http://www.971roundtable.com

Darren Orshoff will Save You From That ARM Loan!

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Wed, 14 May 2008 21:38:51 -0500

Yes! Sometimes you have to have fun in business!!! But the subject is no laughing matter! If you have an adjustable rate home loan you may be in some serious danger! Call me today to help you out of your current situation and in to a loan that will not keep you up at night!

My humble apologies to the Amazing Super Chicken!

(NOTE: I wrote the words and performed the song acapella...I had no idea my daughter was in the background!)

When you find your home in danger,

When you're loan is such a stranger,

When your loan adjusts you'll take a lickin', (puk, puk, puk) There is a group waiting, Who will hurry up and rescue you, Just Call don't be a Chicken! (puk, ack!)

You're afraid of your loan you can't overlook it, Besides you knew that loan was dangerous when you took it (puk, ack!)

We will show that loan who's boss

And save you from financial loss

And Bring your loan back to alive and kickin' (puk, puk, puk)

There is so much you could learn

And really one place you can turn to

Call don't be a Chicken! (puk, puk, puk) Call don't be a Chicken! (puk, ack!)

Call Darren Orshoff Today at 888-971-TEAM to save you from the grasp of that soon to be or already adjusting home loan. They will not only help finance you to a better loan, they will educate you to ensure your future home ownership success.

Tune in, take action and call them today!

888-971-TEAM, Darren Orshoff 888-971-8326 puk ack!

Darren Orshoff...Certified Mortgage Planner and Certified Creative Wealth Coach. Contact directly at darren@tadaco.com, go to www.tadaco.com or www.orshoff.com, or call (888) 823-2261!

MAKING HEALTHY FINANCIAL DECISIONS

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Tue, 08 Apr 2008 21:46:54 -0500

MAKING HEALTHY FINANCIAL DECISIONS

While we all hope that we never have to deal with a sudden medical crisis caused by the discovery of a life-threatening or life-altering illness the reality is that at some point, many of us will have to face this situation. As they say, life is a terminal condition. Good health is a gift that is often taken for granted, but when you are healthy is also the very best time to take a few simple steps to insure that you and your family, income and assets would be protected in case the worst would happen.

A stat that "will" surprise you:

Did you know that less than 10% of all adult Americans have a will? Amazing, because it is one of the most important documents you will ever create, especially if you have children. In addition to your will, it is advisable to create Power-of-Attorney's to allow someone you trust to be able to make financial decisions or pay bills on your behalf if you are not able to do so yourself.

Also consider creating a living will, outlining the types of treatments that you would want or not want to have performed. Typically a living will is accompanied by a health care proxy, which is a Power-of-Attorney specifically for making medical decisions.

Emergency fund:

There are dozens of reasons that it is important to build up a nest egg of cash, but one of the most important is to help protect against the loss of income that can occur during a medical crisis. Rarely considered for couples who both work, but worth mentioning, is that during a medical emergency, not only would the ill individual be out of work, but oftentimes the other would also have lowered income due to spending time and energy with the sick partner.

Throw me a line:

A Home Equity Line of Credit (HELOC) can be another great safety net to consider, as it allows you easy and immediate access to a relatively cheap source of money. It is important to remember that your ability to qualify for a new loan may be diminished if you are critically ill, so obtaining a HELOC when you do not need it is a very good idea. And since HELOC's are typically inexpensive to set up, and only require payments if there is a balance owed, this makes it an ideal safety net.

"Insure" your safe future:

Life insurance is rarely considered a popular discussion topic, but it is a very important way to protect your family. Dealing with the loss of a loved one is very difficult and there is no easy way to ease the pain. And the financial problems, although secondary, can be very serious. Loss of home, income, and savings can all be avoided with the right life insurance plan.

Other types of insurance to investigate are disability insurance - which can help provide income if you are unable to work because of an injury or illness - and also long-term care, which can help you preserve your assets from being eaten up by caretakers in the future.

If you need help setting up a Home Equity Line or a referral to a great financial planner or insurance agent, please email or give me a call at (909) 856-6878. Or contact me, Darren Orshoff, via my website at http://www.ieloanguy.com/ or via email at darren@971roundtable.com. I'd be happy to help you make the connections needed to ensure your own healthy financial future.

Get off your tail and ACT NOW!

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Fri, 21 Mar 2008 16:00:14 -0500

Being on the radio talking about all things real estate, real estate finance and real estate investment, allows me to be in contact with thousands and thousands of people each week.

While many of the people I speak with are on top of their situation and goals, an equal amount of -- perhaps even more -- people are only taking action as a result of reacting rather than being proactive.

The problem with this is that most reaction with respect to real estate is based on solving a problem...loan adjusted, home value dropped, can't afford the payments, can't find a renter/buyer, etc...vs. being proactive and solving the problem or reaching for your goals before you HAVE to.

Call me at 888-823-2261 or visit www.ieloanguy.com or www.971roundtable.com.

Thanks!

Darren Orshoff

The Fed Cuts Rates Again --- But Home Loan Rates Could Go Up!!! Jan 30, 2008

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Wed, 30 Jan 2008 16:11:24 -0600

Hot on the heels of its surprise inter-session rate cut of 75 basis points last week, the Federal Reserve cut key interest rates again, the fifth straight cut since September 2007. In its statement last week, the Fed said it had decided to cut the federal funds rate "in view of a weakening of the economic outlook and increasing downside risks to growth." In other words, economic data suggests the US is on the brink of recession, and the Fed is acting accordingly.

Who benefits from this cut?
If you have a loan that is directly tied to the Prime Rate, you will see an immediate benefit. Home equity lines of credit (HELOCs) and variable rate charge cards are the types of loans that will have an interest rate reduction on their next statement.

What does this mean for long-term rates?
Long-term mortgage rates, the lowest we've experienced in years, could actually increase after today's cut, based on historical performance and recent trends.

So if you're waiting for long-term rates to fall further, don't count on it. Your best chance to lock in the lowest rates since 2005 is now. Getting your application in process now will allow you to capture a great rate before it's too late.

What REALLY moves mortgage rates?
Fixed-rate mortgage rates aren't directly tied to Fed interest rate moves. Instead, they tend to follow in the direction of other long-term government bond yields, such as the 10-year Treasury, which historically moves in accordance with the economic outlook and in advance of Fed actions. The performance of Mortgage Backed Securities, issued by Fannie Mae and Freddie Mac, is what really determines long-term mortgage rates.

How does the economic stimulus package fit into the picture?
The economic stimulus package from Congress and the White House could be a double-edged sword for borrowers. Combined with recent Fed actions, the package could create inflation and bring about higher long-term interest rates.

On the positive side, conforming loan limits are likely to be raised from the current $417,000 to upwards of $625,000. This means great potential savings for purchase and refinance candidates who live in 20 high-cost areas across the country.

What should you do next?
If you're unsure how the rate-cut or the proposed legislation affects your mortgage, don't worry, you're not alone. There's no one-size-fits-all answer. Give me a call right away at (909) 856-6878. I'll review your mortgage and see what, if anything, can or should be done to make the most of your individual financial goals and needs. Apply for a loan right now at www.ieloanguy.com or www.971roundtable.com

Monday, December 17th, 2007 - Fed inherits Battle of Inflation Vs. Recession

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Mon, 17 Dec 2007 20:29:49 -0600

Hello! Happy Monday! I hope you are having a great December so far!

This has been an interesting time in the Real Estate, Real Estate Finance and Investment arenas over the last several months. Many people are struggling, while others continue to sit on the solid foundation you have built.

With property values continuing to decline in California it is important to ensure that you are in the right loan for your situation. Many clients call me after their adjustable loans adjust, or after the value of their property declines below what they owe. If this might be you, please act as soon as you can to ensure there is a viable solution for you! Even if you do not call me...call someone you trust to ensure you are in a good situation.

If you are in a position to capitalize on investment opportunities available in this market...now is the time to buy! It is very important to follow my simple 3 rules to real estate investing: Buy with equity, or cash back at closing in a market that has indicators of growth. Stay positive while holding...negative cash flow is not an option! Have an exit strategy that lays out a plan to profit when you sell...even if you are holding on to a property long term for cash flow. If your investment has these 3 elements you are setting yourself up to succeed.

Also, with the lending market changing daily, it is important to ensure that your credit is solid and in order. We have partnered with the Nation's leading credit repair attorney to provide credit restoration services. We now have a service that can restore or improve your credit. Lenders are now penalizing borrowers who have credit scores less than 680. This is a new rule imposed by Freddy Mac that wont officially go in to effect until the new year, but some lenders are already adding it to their policy. This system costs $750. For that we will work with you over the following 6 months to remove the negatives on your credit and increase your FICO score. Find out more at www.roundtablecredit.com.

I there is anything I can do for you, or for anyone you know, please let me know. My primary focus is on helping people succeed...I don't until you do!

Cordially,

Darren Orshoff The Home Ownership Roundtable

"We don't just have faces for radio, we have minds for real estate finance and investment!"

Provided to you Exclusively by The Roundtable

As Heard Weekly on CBS, NBC and ClearChannel News Talk Radio!

Mike Harris, Darren Orshoff,
Tom Armstrong and Michael Ballinger
Radio Hosts / Mortgage & Investment Planners
The Home Ownership Roundtable
Toll Free:: 888-971-TEAM (888-971-8326)
Fax:: 877-42-FAX-ME (877-423-2963)
Website: http://rs6.net/tn.jsp?e=0013I8B5wY2uG-Y9EHuyDPNm6L7Dw71OLyM8r50q56cNhAvHyCigv3ShmmPc2_1o-we-8UjJ7N2j51AkR6V5poCtZcNx50w2cLhxC8eGyVpQrv-Md73XPMrtA==

For the week of Dec 17, 2007 --- Vol. 5, Issue 51

Last Week in Review

"LIFE IS NEVER BORING...BUT SOME PEOPLE CHOOSE TO BE BORED." Wayne Dyer Yet even if Traders had wanted to be bored last week, the financial markets had other plans. Volatility reigned supreme, with large swings throughout the week in Stocks, Bonds, and home loan rates - and once the smoke cleared, home loan rates were slightly worse than where they began the week.

What caused all the volatility? You name it - continuing concerns on the liquidity and stability of the financial markets; the Federal Reserve at work, cutting the Fed Funds and Discount Rates by .25% and the opening of a new auction facility; a red hot Retail Sales Report; and last but certainly not least, the Producer and Consumer Price Indices both showing inflation to be much higher than expected.

The big mover was the Fed rate cut of .25%, which was a disappointment to the financial markets, as a deeper cut was hoped for. The reaction was very negative for stocks, as the fear of a recession amidst the current credit crunch grows. There are increasing concerns that the Fed is not getting ahead of this problem.

But it is not an easy job for the Fed because they may be fighting a possible recession with a hand tied behind their back...this is due to higher levels of inflation. Surely inflation is still at reasonable levels, but even a little stronger inflation can take a major toll on our lifestyle over time. High levels of inflation have caused unrest, revolt, poverty and wars. It is possible that the Great Inflation of 1920 in Germany eventually led to WWII. During that time, prices rose over an almost unimaginable 1000 times a year! Savings were wiped out and imagine this...the cost of a loaf of bread went from 20 Marks to 20,000 to 20,000,000. And in Mexico, hyperinflation caused a crisis in the peso that has led to extreme levels of poverty. Of course, the US is nowhere close to this type of problem, but inflation is a very serious issue. And with the current rate of inflation in the US ticking higher and towards the upper range of acceptable limits, additional Fed cuts would push inflation even higher. So should the Fed risk a recession to protect against inflation or move to avoid recession and risk inflation? This will likely be one of the hotter economic topics of 2008.

So the week was certainly far from boring - and the volatility may just continue ahead. Yet overall, home loan rates continue to be at very low levels - so if you, or a client, friend, family member or neighbor have been contemplating a refinance or home purchase - now is the time to start making plans. Although the holiday season is a busy time, I am glad to make time for you and your referrals. And even if you don't have a home loan need at the present time - it's always wise for us to examine your overall debt structure and financial goals, just to ensure that you are positioned in the best possible way.

AND SPEAKING OF PLANNING...WHAT WOULD YOU DO IF $64,000 LANDED IN YOUR LAP TOMORROW? YOU MIGHT HAVE A FEW IDEAS IN MIND INVOLVING A TROPICAL HOLIDAY - BUT WOULD YOU REALLY KNOW WHAT TO DO IF YOU SUDDENLY CAME INTO AN INHERITANCE? THAT'S THE QUESTION OF THE DAY - SO DON'T MISS THIS WEEK'S MORTGAGE MARKET VIEW.

Forecast for the Week

As we head into the week before the Christmas holiday, several economic reports are ready and waiting to be unwrapped a little early. Tuesday will bring a look at the housing market via Housing Starts and Building Permits; Thursday holds a final reading on third quarter GDP and the Philadelphia Fed Manufacturing report; but the biggest package of all will arrive on Friday morning, the Personal Income and Spending report with its imbedded read on Core Inflation with the Personal Consumption Expenditure index - which also happens to be the Fed's favorite measure of inflation.

As you can see in the chart below, Bonds are presently dancing on a nice floor of support at the 50-day Moving Average - and if it holds during the coming week, this will help home loan rates stay stable, and perhaps improve. But if the news of the week has the scent of inflation, Bond prices could fall lower below the floor of support, which would cause home loan rates to rise.

Chart: Fannie Mae 5.5% Mortgage Bond (Friday Dec 14, 2007)

The Mortgage Market View...

THAT'S THE $64,000 QUESTION....

Most people won't inherit millions of dollars, but according to the AARP, the median amount of today's inheritance is about $64,000. While that's not enough to provide financial security for life, it's still a lot of money and requires careful planning before deciding what to do with it. So therein lays the question - if you receive an inheritance - what should you do?

Step One...Do Nothing: Remember, this is an emotional time. You may have lost a loved one, you're receiving a sizable chunk of money, and your judgment may be clouded by emotion. Rather than make a decision you regret later, take some time to step back and think. In the meantime, put the money in a money market or savings account that will keep it safe, and allow you to access when you're ready.

Check the Tax Laws: Some inheritances are tax free, but some are subject to federal and state taxes. Make sure that you diligently record everything that you inherit and the date that you inherited it. Most important, seek advice from a tax professional before you decide what to do with the inheritance - you don't want to spend money that you don't actually have. And if you need a referral to a great tax pro - just get in touch with me.

Stick to Small Wishes: Many people dream of a vacation home or taking a luxury cruise around the world. Receiving an inheritance may make those dreams seem within reach. Often, however, they're not realistic for your overall lifestyle and budget. So keep the splurging to a small gift for you or your family. Keep the big picture in mind for the rest of the money.

Invest as Usual: Don't gamble your inheritance away on a high-risk investment that doesn't make sense. Instead of thinking of it as "found money" or looking for a big score, treat it like the rest of your investments. Work with a professional advisor to determine which options and risk-level make sense, based on your entire portfolio and future plans - and feel free to contact me for a referral to a great financial pro.

Remember, even a small inheritance deserves careful planning and consideration. This isn't a time to be swayed by emotions. Talk to a professional, make a plan, and stick to it. And if you'd like to talk about your own financial strategies and plans that might allow YOU to leave a great inheritance for your own heirs, just let me know. We can review your own debt structure and financial goals, and work with other great professionals to help make that dream a reality.

The Week's Economic Indicator Calendar

Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.

Economic Calendar for the Week of December 17 - December 21

Date	ET	Economic Report	For	Estimate	Actual	Prior	Impact
Mon. December 17	08:30	Empire State Index	Dec	21.0		27.4	Moderate
Tue. December 18	08:30	Housing Starts	Nov	1190K		1229K	Moderate
Wed. December 19	08:30	Crude Inventories	12/4	NA		-722K	Moderate
Thu. December 20	12:00	Philadelphia Fed Index	Dec	8.0		8.2	HIGH
Thu. December 20	08:30	Chain Deflator	Q3	0.9%		0.9%	Moderate
Thu. December 20	08:30	Gross Domestic Product (GDP)	Q3	4.9%		4.9%	Moderate
Fri. December 21	08:30	Personal Income	Nov	0.5%		0.2%	Moderate
Fri. December 21	08:30	Personal Spending	Nov	0.5%		0.2%	Moderate
Fri. December 21	08:30	Personal Consumption Expenditures and Core PCE	Nov	0.2%		0.2%	HIGH
Fri. December 21	08:30	Personal Consumption Expenditures and Core PCE	YOY	2.0%		1.9%	HIGH
Fri. December 21	10:00	Consumer Sentiment Index (UoM)	Dec	74.3		74.5	Moderate

The material contained in this newsletter has been prepared by an independent third-party provider except for the opening paragraphs which were written by me. The content is provided for use by real estate, financial services and other professionals only and is not intended for consumer distribution. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, there is no guarantee it is not without errors.


The Home Ownership Roundtable \| 231 E. Alessandro Blvd. \| Ste. A-141 \| Riverside \| CA \| 92508

The Home Ownership Roundtable Exclusive Investment - FREE DINNER & BRIEFING

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Tue, 18 Sep 2007 20:28:23 -0500

Go to www.971roundtable.com RIGHT NOW to join us for a FREE DINNER and INVESMENT BRIEFING in Newport Beach on Wednesday, September 19th at 6pm and in Santa Monica on Thursday, September 20th at 6pm. You must sign up to receive a ticket to the event. This is one GOOD GUY Investment opportunity you and your clients DO NOT WANT TO MISS!!!

THE ECONOMY IN WYOMING IS BOOMING; FACES A CRITICAL LABOR AND HOUSING SHORTAGE

Exclusive Real Estate Investment Opportunity from The Home Ownership Roundtable and the National Real Estate Academy

Single-family homes, condominiums and duplexes
Priced in the high 100s to low 200s
Robust rental market fueled by employer demand
Rent-ready homes with corporate rent guarantees in place
Excellent return on investment with positive cash flow
Ground-floor investment opportunity
Built-in exit strategies
In an area with a critical workforce housing shortage

Labor Force Housing Crisis Information

Sweetwater Economic Development Association - Letter - August 27,2007
Casper Star Tribune - Sweetwater County needs workers, housing - November 3, 2005

How to Reserve Your Property (reservations are time and date stamped on a first-come, first-served basis)
(reservations are time and date stamped on a first-come, first-served basis)

Download the non-binding, soft reservation agreement (no deposit is required at this time).
Complete and fax the form to our office (888) 971-8326.
A representative from the The Home Ownership Roundtable will call on Monday through Friday to guide you through the rest of the process.

News Items
Sweda News - Local Economic Indicators - August, 2007
Wyoming Business Report - Building boom hits southeast Wyoming - August 1,2007
Casper Star Tribune - Wyoming bucks housing slump - August 16, 2007

Area Links

Sweetwater County Economic Development Association   http://www.sweda.net/
Rock Springs, Wyoming   http://www.rswy.net/
Rock Springs Chamber of Commerce   http://www.rockspringswyoming.net/
City of Rock Springs   http://www.rockspringswyoming.com/
Rock Springs, Wyoming Detailed Profile   www.city-data.com/city/Rock-Springs-Wyoming.html
Rock Springs Rocket-Miner   http://www.rocketminer.com/
Quick Facts About Rock Springs, Wyoming
www.wyomingbnb-ranchrec.com/City/RockSprings.html
Wyoming Business Report   http://www.wyomingbusinessreport.com/

We are having a limited, invitation only educational dinner and investment opportunity in Newport Beach on September 19th and in Santa Monica on September 20th. There are only a limited number of properties available. Not every person who desires a property will get one.

Highly profitable investment property in an employment rich, housing short area in Wyoming. This opportunity will help solve a Labor Force Housing Crisis as well as make investors money.

Get in while you can! Huge cash on cash return in 2 years. Guaranteed Corporate leases with a minimum of a 2 year lease. Help families in need with the housing crisis AND make 135%-185% on your money.

Lower Fed Rate Means Opportunities on the Rise

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Tue, 18 Sep 2007 15:43:24 -0500

Lower Fed Rate Means Opportunities on the Rise

For the first time in more than four years, the Federal Reserve cut its Fed Funds Rate, which directly impacts millions of American borrowers. And while this important decision has many implications, there's still some debate among experts about what this means to the economy as a whole.

The Federal Reserve meets again in six weeks, and no one is certain how market volatility and inflation concerns will affect their future policy and decision-making. Bottom line: Take advantage of this opportunity while you still can. Call me right away.

If you're looking to capture a lower interest rate for refinancing or buying a home, this could be your best opportunity to do so.
If you have an Adjustable Rate Mortgage, while this rate cut might help to improve your situation, now is the time to refinance into a fixed-rate loan.
If you have a Home Equity Line of Credit (HELOC) or credit cards tied to the Prime Rate, the Fed's cut in the Fed Funds Rate just put a little money in your pocket.

Borrowers waiting for a lower fixed-rate mortgage may be waiting for a long time. The chart below clearly shows how Fed Funds Rate cuts do not translate into cuts in fixed-rate mortgages. In January 2001, the Fed Funds Rate was at 6% and 30-year fixed rates averaged 7.03%. By December 2001, following 4.25% in cuts throughout the year, home loan rates were actually up to 7.07%.

Yes, we may experience some temporary improvements in rates in the coming weeks, but the markets will remain volatile as long as inflation and recession are a possible threat to the Federal Reserve's long-term economic policies.

If you're looking to refinance or buy a new home, call me. I will show you why waiting can cost you a lot of money. Call Darren Orshoff at (909) 856-6878 or email me at darren@971roundtable.com

Housing Slump Not a Financial Disaster For Some Equity-Rich Homeowners

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Sat, 15 Sep 2007 09:58:59 -0500

Inland Empire, California -- The housing slowdown has hit, bringing with it record numbers of home inventories along with puzzled, frustrated, even angry sellers.

So what is a potential seller supposed to do? Darren Orshoff of The Home Ownership Roundtable says, "Don't panic, the best advice I can give is simply ride it out. In 2000, when the stock market threw many investors into turmoil, the ones who rode out the storm benefited.

"Indications are that the housing slump is already correcting itself and that in another year it will be back to where it was a couple years ago," Orshoff said. "If you're prepared, falling prices of housing are not necessarily a bad thing for homeowners."

Trading up opens some doors for many homeowners, who traditionally follow a very predictable buying home pattern. Most start out with a modest starter home as young adults. When they begin to have a family, they want to move into a home with more space. As the family grows and the children become older, they may change homes another time or two. As they become empty nesters and think about retirement they will look at downsizing into a smaller home or condo.

"This is a pretty good picture of the typical American homeowner." Orshoff says. "For the average home owner, these rising and falling prices don't really affect them as much as one might think, especially those who are in it for the long haul."

If you fall in the empty nester profile, you may actually be in a good position to sell your larger home, even for less then you think it may be worth, and then invest in a more modest and lower priced home.

Orshoff says, "You have to have the right mindset. You have to forget that your neighbor sold his home, which he bought as a fixer upper 20 years ago for a huge profit. The money you save in the lower priced home may well make up for the lower selling price of your current home."

Interest rates are still traditionally low and with lower housing prices, a little planning could cause this tempered slump to be a great advantage for many homeowners.

Orshoff also pointed out that the economy in the United States has bounced back time and time again and it's normal to have occasional swings. He added, "And so this too shall pass."

For answers to your questions and concerns on the current mortgage options and refinancing, contact Darren Orshoff and his team of experts at (888) 971-8326 or visit www.971roundtable.com.

Housing Market Slump Forces Couple To Open Brothel

Darren Orshoff - Certified Mortage Planner (Wholesale Mortgage Source) — Mon, 10 Sep 2007 19:20:45 -0500

Came across this and thought it was quite amusing...giving it to you just like I found it...does it fit for any of you?

Lou Young
Reporting

(CBS) NEW ROCHELLE The downturn in the housing market appears to have driven two Westchester homeowners to desperate and illegal measures.

New Rochelle Police raided a 3-bedroom home on North Avenue Friday night arresting four alleged prostitutes and the homeowners.

The house, they say, had been turned into a brothel complete with heavy shades over all the windows and a red ribbon placed out by the sidewalk to indicate they were open for business.

Richard Werner and Heather Mezzenga are charged with promoting prostitution. The two are both mortgage brokers who moved out of the house roughly two years ago so they could begin renovating a home on Mountain Road in Pleasantville.

Digg This Story!

New Rochelle neighbors told CBS 2 the house had originally been listed for $750,000 but didn't sell even after the price had been dropped to $600,000.

David Saperstein said, "He couldn't get his price, then he rented," but a series of families came and went and the house fell into apparent neglect until new occupants apparently arrived two weeks ago.

Saperstein says the lawn was cut, and heavy shades were put up on all the windows but he never saw the new neighbors.

"The air conditioning was running all day and no one's there," he told us. "But at night there's five, six, seven cars there."

Natalie Nanzo said she had even thought about buying the house when it first went on the market and couldn't quite get over the allegations that the home had been turned into a brothel.

"I'm in shock," she said, "because these people were business people. I can't believe they would be involved in prostitution."

One of the couple's Pleasantville neighbors seemed pretty sure business problems were at the root of the shocking news. "I know they're mortgage brokers," Peter Passidomo said. "And I know it's been a tough business, so I assume they might have had financial difficulty."

He said the front of the Mountain Road home had been under renovation for the entire two years the couple had lived next door with their little boy, who appeared to be of Kindergarten age.

Both homeowners, as well as the four alleged prostitutes, who range in age from 21 to 30, are free on bail.

Darren's Blog

How to Set New Year’s Financial Resolutions You Can Keep

How to Set New Year’s Financial Resolutions You Can Keep

What is the category of spending that concerns you the most?

How much did you average spending in this category last year?

What was the highest month within this category?

What was the lowest month?

What are your spending goals for this year compared to last year. In which categories and months can you lower your spending?

Who is going to hold you accountable? Email or call them now. (let it be me!)

What are you going to do with the amount you save within this category (make it automatic thru electronic debit) – save or give?

How much money did you have in emergency savings at the beginning of 2008?

How much money do you have in emergency savings now?

What is your goal for the end of January for your emergency savings account?

By the end of February?

By the end of the 2009?

Have you seen a recent credit report? If applicable, list the most annoying and/or severe derogatory item on the report (i.e. collection, judgment, late credit card, car that was reported late but was actually on time).

What is one action step that you can take TODAY towards resolving this (i.e. Make an initial phone call, draft a letter to the credit bureaus, calling me to review your credit with you)?

Do you currently own a home? If so, do you have someone managing your mortgage for you? (feel free to ask me about this) If you do not, now is the time to plan to buy. Ask me about helping you set up a plan.

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TAKING AN INTEREST IN YOUR CREDIT CARD RATE...

AT THE CAR WASH...

BEAT THE HIGH GAS PRICES!

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Housing Slump Not a Financial Disaster For Some Equity-Rich Homeowners

Housing Market Slump Forces Couple To Open Brothel