mortgage loan: Types of Standard ARMS...good info for buyers! - 08/04/07 09:11 AM
Types of Standard ARMs (Adjustable Rate Mortgages)Several adjustable rate mortgages include:
6-Month Certificate of Deposit ARM1-Year Treasury Spot ARM6-Month Treasury Average ARM12-Month Treasury Average ARM. When ARM's lag behind the market it allows you to take advantage of lower interest rates even if the market's rates are rising quickly. On the otherhand ARMs that react … (0 comments)
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mortgage loan: Loan Program Highlights - 08/04/07 08:43 AM
Loan Program Highlights
DPA (Down Payment Assistance)ZERO Down Pmt Interest OnlyOne-Time CloseLot LoansConstruction ProgramsJumboFixed Rate & ARMSNo DocStated Income/AssetSecond HomeFHA & VAHome EquityInvestmentGet Pre-Qualified today!The first step in the mortgage process is becoming pre-qualified for a loan. With a prequalification,
you will know from the beginning what kind of home you can afford … (0 comments)
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mortgage loan: Fixed Rate Verses ARM...Which would you pick? - 08/04/07 08:35 AM
Adjustable rate mortgages
The adjustable rate mortgage or ARM allows the interest rate to fluctuate throughout the life of the loan. With the rising interest rates this loan type may be a little risky. On the other hand the ARM may allow you to purchase a more expensive home.
Fixed Rate MortgagesOn a fixed rate mortgage … (0 comments)
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mortgage loan: What's going on with the Market? - 08/04/07 07:41 AM
Ok I would for a broker company and it seems like everyday now there are changes being made.
Do these sounds familiar?
Now only 95% LTV with our company
No stated income on loans over 90% LTV
There are still 100% loans out there but the market is getting tighter and more and more … (3 comments)
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mortgage loan: To Lock, or Not to Lock...That is the Question? - 08/02/07 01:46 PM
The answer to this question is very important and really only can be made by you. The problem is that deciding when to "lock" your interest rate for your loan can be a very confusing decision. As a mortgage professional, I understand that you want to catch the rate at its … (6 comments)
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mortgage loan: HOMEOWNERS Learn the ugly facts about your home mortgage and how a FREE service can save you thousands of dollars! - 08/01/07 10:53 PM
I am an authorized distributor for some very special software that is given to homeowners absolutely FREE, And the benefits to the homeowners are amazing! This software provides the homeowner with a Freeservice. The Mortgage Manager(TM) is a mortgage payment service. We use electronic fund transfers to debit the homeowner's bank account … (0 comments)
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mortgage loan: Some Homeownership Facts for consumers - 08/01/07 11:28 AM
What is Homeownership?
The American dream An opportunity to provide for family A tax deduction Property appreciation Having the nicest lawn on the block Your own backyard Your own garage Homeownership Brings:
Sense of community Stability Tax benefits (Consult your tax advisor) Stable housing costs Potential appreciationThe Home Buying Process: The Homebuying Team: … (1 comments)
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mortgage loan: Seven Questions - 08/01/07 11:21 AM
1. What sets Centerpoint Mortgage apart from other mortgage companies?
We are extremely client centered. Our seasoned mortgage professionals are very
perceptive and listen to all the questions our clients present. Our attention to detail
enables Centerpoint to be competitive and expeditious.
2. How many offices does Centerpoint have in the Texas?
We currently are located … (0 comments)
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mortgage loan: Attention Homeowners! Convert your monthly mortgage to a Bi-weekly mortgage and save THOUSANDS!!! - 07/28/07 06:45 PM
I am an authorized distributor for some very special software that is given to the homeowners absolutely FREE. Their is no cost to the homeowners, and the benefits to homeowners are amazing!!. This software provides the homeowners with a FREE service that allows them to...
*Save Thousands of dollars without refinancing!
*Cut … (0 comments)
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mortgage loan: Attention Homeowners! Convert your monthly mortgage to a Bi-weekly mortgage and save THOUSANDS!!! - 07/26/07 10:37 PM
I am a authorized distributor for some very special software that is given to homeowners absolutely FREE. This software provides the homeowner with a FREE service, Mortgage Manager Saving Program. Who is Mortgage Manager Saving Program, and what kind of people will be managing your mortgage. Information Brokerage Services Inc. and its predecessors have be in … (0 comments)
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mortgage loan: Mortgage Loan Programs - Which is right for me? - 07/26/07 11:12 AM
There seem to literally be thousands of mortgage programs out there so how do I know which one is best for me? Finding the right mortgage program to fit your needs and your financial goals can be difficult to do unless you are working with the "right" mortgage professional and asking … (3 comments)
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mortgage loan: Atlanta Mortgage Loans | Do You Focus on the IMPORTANT or the URGENT? - 07/26/07 09:14 AM
Atlanta home buyers: Do you focus on the important or the urgent? It is so much easier to fall in love with a home than take a few hours to choose a competent Atlanta mortgage consultant to formulate the perfect mortgage plan that will help you to create and preserve wealth. … (1 comments)
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mortgage loan: Attention Homeowners Convert your monthly mortgage to a Bi-Weekly Mortgage and save Thousands! - 07/26/07 12:07 AM
The mortgage Manager Savings program competes with over 600 banks and other private companies who offer bi-weekly mortgage service. They ALL charge a fee from $395.00 to over $1,000.00. We could easily do the same, but homeowners who are getting by (and who need this service the most) have a hard … (0 comments)
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mortgage loan: Online Mortgage Applications, What Happens After You Hit Submit? - 07/24/07 12:21 AM
Shopping for a new mortgage online can turn into tons of phone calls and emails from mortgage brokers all over the country. It all starts by you filling out a form stating that up to 4 or 5 of the top mortgage professionals will be in contact with you to offer … (0 comments)
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mortgage loan: Homeowners - $50,000 to $150,000 in Savings in Mortgage Interest!!! FREE SERVICE - NO COSTS! - 07/23/07 10:47 PM
By switching to a Bi-weekly mortgage payment service and see all the amazing benefits for which their is no cost to the homeowner what so ever. The software is FREE, and the service is FREE. All bi-weekly mortgage services use electronic transfers to make the bi-weekly mortgage debits from homeowners account. This is … (1 comments)
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mortgage loan: Top 10's of Networking - 07/23/07 04:58 PM
1. Take plenty of cards with you. Make sure they have a picture on them that looks like you, or on any material that you bring. Wear your name badge at all times & use your city name often.
2. Do not sit, stand or talk with anyone from your city and certainly your … (16 comments)
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mortgage loan: The Home Buying Basics - 07/23/07 04:37 PM
If you know what to expect - and you're working with a trusted team of mortgagelending
professionals - finding and financing your first home can be an exciting and rewarding experience.
Here's what you need to know:
OBTAIN A MORTGAGE PREAPPROVAL BEFORE YOU BEGIN HOUSE HUNTING.
• Learn how much home you can afford
• Strengthen … (1 comments)
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mortgage loan: Choosing a home loan that is perfect for you often leads to more questions than answers. - 07/23/07 04:19 PM
Here are some frequently asked home loan questions.
What does a mortgage consist of ? A mortgage is a loan for the purpose of buying a home. The four basic components are:
Principal, Interest, Taxes and Insurance (PITI)
What is a home equity loan?Sometimes referred to as a second mortgage, a home equity loan allows … (0 comments)
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mortgage loan: 10 Things to avoid when purchasing a home - 07/23/07 04:10 PM
Anxiety, Deadlines, Questions, Fatigue: All affect your decisions.
The home buying experience can be extremely stressfull - all while
being one of the most exciting purchases and endeavors of your life. Let us help
you through the process.
Here are 10 factors you want to consider:
• Do not make any major purchases prior to making a … (1 comments)
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mortgage loan: Tax Benefits of Home Ownership in the US - 07/23/07 04:02 PM
How to stretch your dollar
1. Real property taxes, state and local income taxes and personal property taxes are fully deductible.
2. Interest paid on first and second home mortgages can be deductible if your income bracket is adequate.
3. Home office space used for business may be fully deductible.
4. Points paid by buyer … (1 comments)
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mortgage loan: Great Statistics for your clients looking to move to Williamson County - 07/23/07 03:53 PM
You know when you clients ask what is the population, things to do, etc. These stats can help you out for clients looking in the Williamson County.
… (1 comments)
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mortgage loan: Austin and surrounding area floods - 07/23/07 03:15 PM
With all the recent floods in the Central Texas area it has not been so great for homeowners near the lakes or rivers. Since June 27th Austin, Texas and surrounding areas have seen a huge amount of rain and flooding. Many homeowners who thought that their houses would be safe from … (0 comments)
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mortgage loan: Steps of the loan process - 07/23/07 10:15 AM
There are four main steps involved in getting a loan here at Centerpoint Mortgage. You'll see that we've made your part in them as easy as possible, and we do all the work! That's what we're here for.
Step one: determine how much you can borrow
This is a function of a couple … (0 comments)
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mortgage loan: where kids eat free in Austin, Texas! - 07/23/07 10:00 AM
The fun and easy way to keep up with hungry kids. Brought to you by Centerpoint Mortgage. These are some great tips to give to your clients that have kids.
MONDAY
Zuzu - Kids eat free after 6 p.m.
TGI Friday's - Kids eat free
Texadelphia - Kids eat free from 3 to close
Gattiland … (6 comments)
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mortgage loan: FREE SERVICE TO HOMROWNERS!!! Save Thousands of Dollars On Your Home Mortagage!! - 07/22/07 09:42 PM
As a authorized distributor for some special software, with benefits that are amazing. The software is FREE and the service is FREE, that allows them to; *Save thousands of dollars without refinancing, *Cut years off their mortgage without increasing their payment, *Build equity in their home 300% faster, *turn their current mortgage into … (0 comments)
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mortgage loan: Attention Homeowners! Convert your monthly mortgage to a Bi-weeklymortgage and save THOUSANDS!!! - 07/20/07 11:18 PM
I am an authorized distributor for some very special software that is given to homeowners absolutely FREE. The Mortgage Manager Savings Program is a mortgage payment service We use electronic fund transfers to debit the homeowner's bank account every two weeks. Bi-weekly transfers mean that funds are transferred every two weeks nottwice … (1 comments)
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mortgage loan: The loan process steps...good info to give your borrowers - 07/20/07 12:21 PM
There are four main steps involved in getting a loan here at Centerpoint Mortgage. You'll see that we've made your part in them as easy as possible, and we do all the work! That's what we're here for.
Step one: determine how much you can borrow
This is a function of a couple … (1 comments)
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mortgage loan: The process Steps...good info to tell your borrowers! - 07/20/07 12:20 PM
There are four main steps involved in getting a loan here at Centerpoint Mortgage. You'll see that we've made your part in them as easy as possible, and we do all the work! That's what we're here for.
Step one: determine how much you can borrow
This is a function of a couple … (0 comments)
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mortgage loan: Factors to Keep in mind while buying a home - 07/20/07 11:36 AM
Factors you want to keep in mind during your home buying Process
Do not make any major purchases while you are buying your homeDon't charge up your credit cards during the home buying processDo not change jobs unless absolutely necessaryDo not get any new loans during your home buying processDon't allow emotions … (3 comments)
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mortgage loan: When to call a loan officer or a Realtor - 07/20/07 11:34 AM
When it might be a good idea to call a loan officer or a Realtor
If you plan to sell your home within the yearBefore you list your home with a RealtorBefore making an offer on a propertyTo refinance your existing mortgageWhen you're thinking of downsizing your homeIf you are planning to … (2 comments)
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mortgage loan: Steps of a mortgage loan - 07/20/07 11:33 AM
Get Pre-Qualified!
The first step in the mortgage loan process is becoming pre-qualified for a loan. With a pre-qualification, you will know from the beginning what kind of home you can afford and your pre-qualification letter places you in a better position in a competitive bidding environment.
The Steps of the Home … (2 comments)
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mortgage loan: An overview of the loan process for your borrowers! - 07/20/07 11:24 AM
There are four main steps involved in getting a loan here at Centerpoint Mortgage. You'll see that we've made your part in them as easy as possible, and we do all the work! That's what we're here for.
Step one: determine how much you can borrow
This is a function of a couple … (0 comments)
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mortgage loan: Why Uncle Nate got mad! After I told him about a FREE service that could have saved thousands 0ff his Mortgage! - 07/18/07 11:54 PM
We went to visit Uncle Nate last weekend, and I need to do some homework on my laptop. So I has sitting at the kitchen table pounding on my laptop, uncle Nate ask what I was doing? So I told him that I was an authorized distributor for some very special software. (Uncle Nate … (0 comments)
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mortgage loan: Homeowners - $50,000 to $150,000 in Savings in Mortgage Interest!!! FREE SERVICE - NO COSTS! - 07/16/07 10:55 PM
By converting your monthly mortgage to a Bi-weekly mortgage you will be amazed at the savings. Converting to Bi-weekly mortgage, with our software which is FREEto the homeowner. All Bi-weekly mortgage services are the same no matter who provides it, however, the Mortgage Manager Savings Program is the only Bi-weekly mortgage service that is provided to homeowners FREEof … (0 comments)
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mortgage loan: Foreclosure Properties - Investment Opportunities - 07/16/07 01:14 AM
Recently, the foreclosure filings have increased dramatically. As this trend increases, so does the amount of investors looking to purchase a distressed property at a Bargain. Although, nothing is wrong with seeking out a deal, investors are cautioned to inform themselves of the applicable state laws or work in conjunction with … (0 comments)
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mortgage loan: HOMEOWNERS - SAVE $50,000 & More With A Free Service - 07/14/07 09:58 PM
We help homeoners that are interest in saving thoudands dollars and build equity in their Home 300% faster with Mortgage Manager Savings Program. By converting your persant once a month payment plan to a Bi-weekly payment services, it allows them to accumulate the equivalency of a 13th payment over the course of an entire year by … (0 comments)
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mortgage loan: HOMEOWNERS Learn the ugly facts about your home mortgage and how a FREE service can save you thousands of dollars! - 07/12/07 11:04 PM
This service is FREE by converting your present mortgage payment to a Bi-weekly payment. This will allow you to save thousands of dollars without refinancing, cut years off your mortgage without increasing your payment. Turn your current mortgage into an investment program, build equity in your home 300% faster. Audit your loan automatically … (0 comments)
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mortgage loan: Mortgage loans - 07/12/07 11:16 AM
Conventional loans - Conventional loans are those that are not guaranteed by the government, as are FHA and VA loans. The primary guidelines for these loans come from Freddie Mac and Fannie Mae, the secondary mortgage market, where most loans are sold. This type of loan usually has the most flexibility … (1 comments)
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mortgage loan: Homeowners Interested In Saving Money on your Mortgage. - 07/12/07 12:22 AM
I am a authorized distributor for some very amazing software, and It's FREE! To Homeowners that want to save money on there mortgage, by converting to Bi-Weekly payment service. Once again it is FREE. Budgeting Bi-weekly has been prov-en to be easier than trying to budget monthly, especially for homeowners on a tight budget. We … (0 comments)
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mortgage loan: FREE service to the homeowner with benefits that are amazing! - 07/07/07 10:50 PM
I can help you increase your income without costing you a penny - interested?
I am an authorized distributor for some very special software that is given to homeowners absolutely FREE.
This software provides the homeowner with a FREE service that allows them to.....
*Save Thousands Of Dollars Without Refinancing!
*Cut Years Off Their Mortgage Without … (0 comments)
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mortgage loan: What Lenders Look for in Home Loan Applications - 07/02/07 10:31 AM
Once your loan application is filled out and sent to the lender for review, the first thing they will look for is your ability to payback the loan you are requesting. My team and I have a streamlined loan process to help you get your ducks in a row prior to … (0 comments)
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mortgage loan: Mortgage Rate Shopping - 06/27/07 10:32 AM
When it comes time to shop for a mortgage, many people make the mistake of having several mortgage lenders pull their credit. If you are working with a credible mortgage company, they should give you a copy of your credit report which will eliminate the need to have other lenders pull … (2 comments)
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mortgage loan: Mortgage Rates - 06/19/07 08:57 AM
Monday's bond market is currently down slightly after opening in positive territory. The stock markets are showing losses with the Dow down 24 points and the Nasdaq down 5 points. The bond market is currently down 3/32, but we should still see an improvement of approximately .250 of a discount point … (2 comments)
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mortgage loan: Prepayment Penalties: Important Information for Buyers and Sellers - 06/12/07 08:30 PM
Some mortgage notes contain a prepayment clause. What is it? This s a clause in the mortgage that requires that the borrower pay a prepayment penalty against the unearned portion of the interest for any payment made ahead of schedule.
Lenders are forward thinkers. When a lender writes a loan, if they … (17 comments)
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mortgage loan: INVESTING IN COMMERICAL REAL ESTATE, KNOWN AS TENANTS IN COMMON - 06/09/07 11:43 PM
I've just begone to start investing my portfolio in commercial real estate for the first time. Now, I'm not new to the real estate market. It's just that I've always invested in single family homes in California. Tenants in Common is a great way to avoid the headaches of rental vacancies on homes, broken toilets and termites … (1 comments)
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mortgage loan: Rates Continue to Rise - 06/08/07 11:19 AM
Without getting too technical about what has happened to interest rates recently let me give you an example we can all understand. If you were to call me last Friday (June 1st) for a 30 year fixed rate I would have quoted you 6.25%. Today 30 year fixed rate mortgages are … (0 comments)
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mortgage loan: How you can check your credit report - 05/02/07 09:13 AM
How you can check your credit report
Get a copy of your free credit report annually at https://www.annualcreditreport.com/cra/index.jsp. You will not see credit scores on this report.Review it carefully for errors.Dispute any account that does not belong to you by writing to the bureau that is reporting the information. You may have … (1 comments)
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mortgage loan: Discover what has the biggest impact on your credit score - 04/22/07 06:41 PM
… (0 comments)
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mortgage loan: I am a little confused about Mr. Bustamonte position, what exactly is it that he does? - 04/17/07 11:06 PM
I received this message last night. What a great question. I actually started to laugh.From my recent posts I could clearly understand why someone would be asking that question. I hope to be able to clear up the confusion for myself and any visitors to my Blog and websites;
I am a … (1 comments)
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mortgage loan: Using your mortgage to lower your debt... - 04/10/07 09:21 PM
Using your mortgage tolower your debt...
"Where the heck does it all go?" You're looking at your T4 slip from last year... or maybe your most recent pay stub. Sure, many people wish that those numbers after the dollar sign were a little higher, but it's the vanishing act that alarms … (1 comments)
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mortgage loan: The Loan Process - 04/07/07 04:31 PM
Many people don't know what really goes on after the initial loan application. While the type of loan you apply for can significantly affect the time you close, most loans have similar rules and closing guidelines. Don't assume that the close of escrow process doesn't matter to you, IT DOES! In … (4 comments)
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mortgage loan: Attention Realtors: real easy money to lend, for home buyers, unsecured loan, mortgage banker, mortgage loan, refinance mortgage loan, home owners, for sale by owners, NY, Money to lend, Mortgage, loan, real estate loan, mortgage loan, real estate loan - 03/24/07 08:32 AM
Money to Lend unsecured and secured
Money Available to anyone in NY, NJ, FL and CT
Attention Realtors great source of income while you are waiting for closings. Also great for your clients who need money for renovations, before they sell or after they buy. 1 page application and money is mailed to them … (0 comments)
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mortgage loan: What is an ITIN loan? - 01/11/07 10:25 AM
In the aftermath of 9/11, Congress passed the Patriot Act which changed a lot of little things in a multitude of areas. One significant impact was the merging of databases between the IRS and the Social Security Administration. The result of that merge was an identification of the vast number of … (20 comments)
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mortgage loan: "228" loan - 01/04/07 06:00 AM
A typical program in subprime lending is the "228", a loan with a fixed payment for two years (usually with a 2-yr
pre-payment penalty). The 228's facing resets this year represent the biggest growth segment among the pile of
loans resetting: according to FNMA, there are $321 Billion of such loans … (3 comments)
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mortgage loan: What If I Have No Credit Score? - 12/19/06 09:21 AM
Credit scores, primarily FICO scores are the predominant method of making a CREDIT decision on a mortgage loan applicant. Some loan programs rely specifically on the credit score, such as:Alt-A or Expanded Criteria Loans: These are loans for people who can't verify income or employment80/20 loans: programs to buy a home … (2 comments)
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mortgage loan: Simple Things You Can Do To Boost Your Credit Scores & Get Ready For A Mortgage - 12/11/06 12:13 AM
Are you considering buying a home next year? Or are you planning to refinance out of your ARM loan?
Since the past six months are most important to your credit scores and there are a few things you can start doing today that will bring them up:
Pay your credit card bills the … (0 comments)
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mortgage loan: Brokers are Better!! - 11/21/06 11:39 AM
Study Reveals Brokers Are Less Costly Option For Sub-Prime BorrowersNew Study Finds Factual Evidence That Consumers Pay Less With a Broker
Washington, DC. - October 18, 2006 - Brokers are a more cost-effective option for consumers in the subprime home loan market, according to a joint study released by economists at George … (0 comments)
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mortgage loan: Avoid Foreclosure!! - 10/30/06 09:52 AM
Foreclosures numbers are breaking records all over the nation. Too many borrowers that stretched out their financial abilities when they took their loans, now having major troubles making their payment on time, or at all. They may have difficulties because of other reasons, as sudden unemployment, sickness, etc.
Few examples relating to … (4 comments)
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mortgage loan: Cash Out Refinancing on List Properties - 10/03/06 09:33 AM
As the market is slowing down I am seeing more and more refinances on listed properties. Lenders are also tightening up on their guidelines with respect to this situtation. Realtors, if you are going to list a property and you believe it will take some time to sell ask your clients … (1 comments)
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mortgage loan: Shopping for a mortgage on-line, a how-to guide - 09/05/06 08:09 PM
Mortgage "SPAM" is the junk e-mail marketing approach of my industry, the mortgage lending business. As owner of AMC-TradeMark Financial it pains me to see the direction our competitors are taking with their marketing. The effect is an overall diminishing respect for mortgage professionals in addition to increased confusion of the general … (6 comments)
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mortgage loan: WHY DOES DENVER LEAD THE NATION IN FORECLOSURES? - 07/20/06 08:43 PM
In recent years, nearly anyone with a job could get a mortgage loan. Credit not so good? No problem. When was the last time any of you had a client declined by a mortgage lender? Maybe we do a relatively good job of only working with qualified buyers, but TeamCox has … (2 comments)
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