This might be a solution.

A referral partner of ours recently had someone who didn't have money to close as it came down to the wire. They were able to prove all but less than $1000.00 of the required amount.

The deal was in jeopardy of falling out. At the last minute the loan officer thought of a unique way to get the extra funds. Both clients had been married before and between old rings and some other jewelry they were able to come up with the amount of "junk" gold they needed to close the loan.

The underwriter accepted a copy of the check, deposit slip and bill of sale as proof of the required funds.

The deal worked for everyone. Clients got the house, the lender and Realtors all got paid.

I had heard of selling cars, motorcycles, boats, etc. to fund closings, but those are all things poeple don't typically want to get rid of.

There are plenty of places that will pay for broken, scrap, or otherwise unused gold and this may be a viable solution for you or your clients.

This client used Security Payday Loans and was very happy with the service and transaction. Thier number is 281-984-0876. The client got the money the same day.

There are many other places that buy gold though and the client should always shop around if they have time as prices can vary.

Good luck

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Getting more bang for your buck. (edit/delete)

Like you, I seem to find myself with less and less time to take care of my business.

Also, like you probably do, I struggle to get my five (minimum) personal notes out each day as well as any "thank you" cards to customers and referral partners.

About a year ago I stumbled across a service that makes this a breeze. It is called Send Out Cards and here is the link.

www.sendoutcards.com/23876 

 I don't have to go to the store and search for that special card I just go online to where they have literally thousands of cards on just about every subject.

 All I have to do is personalize the card with my message (depending on the package you get you can even have your own handwriting converted to a font) and the next day my card goes out for as little as 64 cents plus postage.

These are very nice cards. Let me know if you would like more information.

Credit repair, help or hype? Risk based pricing (edit/delete)

Does credit repair work?

Of course it does if it is done by a reputable company with experience. Fact is 90% of all credit reports contain inaccurate data. That is no small number. After not being able to get clients qualified because of this I decided to do something about it.

The current average credit score is 692. With the risk based pricing, that means even your average customer will pay 1% in additional fees if he puts 20% down, to the Government for the joy of buying a home.

I started my own credit repair company based on a set of core values. Short answer, if I can't increase a clients credit score they pay nothing. In fact, they get $50.00 for letting me try.

Want to see what we can do? Go to: http://everestcreditservices.com/results/cindex.php

Does your client know his credit score? Probably not, but fact is he can get a free one without having his credit "dinged" just by clicking on a link on our web page http://everestcreditservices.com/needtoknow.php

If your client doesn't know his credit score in this market you should consider him unqualified and have him talk to a lender like http://www.TheLoanSquad.com before you ever show them a property.

I know you are hungry. We all are. This is why I started this organization. I got tired of sending people out to s credit repair company that charged $1500.00 or more with little to no results. HOW, can I be different I asked myself?

•1.     Money back guarantee

•2.     Proven results

•3.     Reasonable cost

My cost to the client are some of the lowest I have seen because 94.5% of the time I get the loan and I get to send the buyer back to the agent who sent them to me which results in even more referrals. My business is growing like crazy.

I need more loan officers if you know any who have washed out due to a lack of support. Please have them email me at Terry@TheLoanSquad.com

If you have a customer who doesn't know their own credit score, which in today's market is paramount to knowing whether their driver's license is current or not. Have them call me as well at 832-473-8795 or direct them to my website. http://www.Credit2468.com . They will wind up yelling Credit 2-4-6-8, you made my credit really GREAT! Like so many others. If your credit is below par you will get a special discount as a referral partner, and your credit repair could even be FREE!

Another neat thing, since this is not a RESPA issue, you can get $25.00 for any client as soon as they sign up. I can even provide a link on your website that will let me know exactly where they came from, as you know the more links the easier it is for the search engines to find your website, also helping you. Check out http://Homesofnorthwesthouston.com for an example.

If the client does get approved once we start credit repair, and I get the loan. The client pays NOTHING! for the repair. It is all credited back at closing.

What are you waiting for? Want to close more deals?

I left the mortgage rat(e) race about a year ago to move into something that needed a lot more moral people in it than had been for some time. Credit Repair.

My history as a Certified Mortgage Planning Specialist, my refusal to ever participate in the sub-prime market during my mortgage days, and my history on Wall Street trading Mortgage Backed Products gave me a unique perspective into this industry and the necessity for AAA credit scores. The market finally caught up to my perspective.

I now work with over 200 mortgage professional helping them to improve their clients credit scores, as much as 160 points in 90 days (our best to date), which totally eliminated the LLPA on the deals at worst, and got loans for people who could not before at best. We DO offer a money back guarantee for our services!

I can show you how our program can help you to annuitize you business, help you close 15-20 more deals a year, improve relationships with your referral partners, once again offer to help close the "hard" loans, and most importantly, save your clients tens of thousands of dollars over the life of their loan in fees and extra interest.

Please contact me if you would like additional information on this. I can even show you how to retain clients by making credit repair effectively FREE for them.

Yes it works. We are proof. We guarantee it.

Okay, maybe a little.

Who are we? Japan? Will we have a 1% interest rate trying to recover a market for the 5-6 years that was killed by Wall Street greed.

Wall Street greed my rear-end. Everyone blames it on Wall Street but all they did was come up the financial creativeness to facilitate the real responsible parties for this depression (OMG?) Did I just say the "D" word. No one else will.

Fact is markets have fallen almost 50% in the last year. Let me give you a clip from 2.14.08 "The Dow Jones Industrial average dropped 1.14 percent to 12,409.58 after Mr. Bernanke's remarks. http://www.financemarkets.co.uk/2008/02/14/wall-street-declines-in-afternoon-on-bernanke-comments/

This greed was led by the US consumer, the one now paying the price.

Were it not for the consumer's desire for more than he could afford, more than he could pay back, and more than he deserved we would not be here now.

If you have clients who have come to their senses and realize they over did things, or new ones with issues. Even past clients you might help move "down" into more affordable properties where their credit worth it. Contact my new compay.

www.Credit2468.com or www.EverestCreditServices.com or www.RefurbishMyCredit.com all do to the same place and all will help.

I can document a 50 point increase in credit score in 45 days.

Does credit repair work?

Of course it does if it is done by a reputable company with experience. Fact is 90% of all credit reports contain inaccurate data. That is no small number. After not being able to get clients qualified because of this I decided to do something about it.

The current average credit score is 692. With the risk based pricing, that means even your average customer will pay 1% in additional fees if he puts 20% down, to the Government for the joy of buying a home.

I started my own credit repair company based on a set of core values. Short answer, if I can't increase a clients credit score they pay nothing. In fact, they get $50.00 for letting me try.

Want to see what we can do? Go to: http://everestcreditservices.com/results/cindex.php

Does your client know his credit score? Probably not, but fact is he can get a free one without having his credit "dinged" just by clicking on a link on our web page http://everestcreditservices.com/needtoknow.php

If your client doesn't know his credit score in this market you should consider him unqualified and have him talk to a lender like http://www.TheLoanSquad.com before you ever show them a property.

I know you are hungry. We all are. This is why I started this organization. I got tired of sending people out to s credit repair company that charged $1500.00 or more with little to no results. HOW, can I be different I asked myself?

•1.     Money back guarantee

•2.     Proven results

•3.     Reasonable cost

My cost to the client are some of the lowest I have seen because 94.5% of the time I get the loan and I get to send the buyer back to the agent who sent them to me which results in even more referrals. My business is growing like crazy.

I need more loan officers if you know any who have washed out due to a lack of support. Please have them email me at Terry@TheLoanSquad.com

If you have a customer who doesn't know their own credit score, which in today's market is paramount to knowing whether their driver's license is current or not. Have them call me as well at 832-473-8795 or direct them to my website. http://www.Credit2468.com . They will wind up yelling Credit 2-4-6-8, you made my credit really GREAT! Like so many others. If your credit is below par you will get a special discount as a referral partner, and your credit repair could even be FREE!

Another neat thing, since this is not a RESPA issue, you can get $25.00 for any client as soon as they sign up. I can even provide a link on your website that will let me know exactly where they came from, as you know the more links the easier it is for the search engines to find your website, also helping you. Check out http://Homesofnorthwesthouston.com for an example.

If the client does get approved once we start credit repair, and I get the loan. The client pays NOTHING! for the repair. It is all credited back at closing.

What are you waiting for? Want to close more deals?

Well, last I checked the US government has never gotten involved in anything that didn't cost the tax payers billions, but hey, that's what they figure we (the tax payers) are here for.

Interest rates on mortgages and their relative spreads to indices that you, me and the rest of the world can actually view changed dramatically yesterday in the wake of the government's overtaking of and subsequent replacement of the CEO's and the entire board of directors of both organizations (Fannie & Freddie) has calmed the fears of the buyer's of mortgage backed securities. The "spread" or the amount an investor would need over a particular index to feel comfortable with the risk of that investment changed dramatically yesterday. Most investors compare the mortgage backed securities to the ten year treasury. Now, I know many will argue with me that mortgage backed securities are not priced to the ten year and that is true, but my decade of experience on Wall Street tells me that this is the "index of choice" for investors wanting to invest in them.

The "spread" between mortgage backed securities and the ten year treasury hit an all time high last week. Yesterday, the ten year bond performed admirably but the Mortgage Bonds kicked some serious butt. This led to a dramatic drop in spreads to the ten year and a dramatic drop in interest rates. Now, I am not going to get into this whole "how the markets work thing" if you want info on swap spreads, etc. that price this stuff http://behindmarkets.blogspot.com/2008/08/mbs-spread-widen-at-historical-levels.html is a great jumping off point and your local community college and a degree in finance and economics is a good follow-up.

Frankly, as for the future of the mortgage industry neither Fannie nor Freddie is of my concern. They will survive. The biggest issue in my opinion is mortgage insurance industry. If this falls everything goes away but 20% down loans. Here is a good one to take a look at with a 1 year history of a -85.32% share price! http://finance.aol.com/quotes/ambac-financial-group-inc/abk/nys/historical-prices Many mortgage insurance companies are compressing their standards and this is ultimately what is leading to risk based pricing and many other underwriting issues you are seeing out there.

Rates coming down, that is great and I expect to see it through year's end, but the real issue here is the American consumer and his insatiable appetite for debt and the lack of repercussion for repaying it.

I have went so far as to create my own credit repair business. No, I don't sit home in my underwear cranking out letters to credit bureaus. Instead, I have hired the best processing company I could find in the nation to do that. We operate via the web in every state. I used to refer out clients to another credit repair company who had decent results but typically charged an upfront fee of $1200.00 or more. Credit repair is not my primary line of business, but I have put several people through the program who could have not gotten mortgages before, or who would have been subject to strict risk based pricing that no longer are. The results have been an increase in my business and that of my referral partners.

As a REALTOR, I would suggest you refer your clients to a reputable credit verification/correction company. Fact is over 92% of all credit reports contain inaccurate data. My company http://www.EverestCreditServices.com or http://www.Credit2468.com can help your customer. We offer a MONEY BACK GUARANTEE and if we ultimately do the loan for them we will even rebate the full amount they paid as a lender credit at closing. Initial results only take as little as 45 days.

As an added perk, we will pay you a $25.00 referral when the person signs up. This is not a RESPA violation as it has nothing to do with the loan or settlement. We can even provide a link on your website (as you know this makes it easier for the search engines to find you when you link with other sites). We will also, always direct the person back to you when the credit is good enough to get a loan.

Effective November 1. The new LLPA aka. Risk based pricing goes into effect.

Delivery to the GSA's increases .25%, and everything else changes.

You can actually get a better rate putting down 10% rather than 20%, since most 20% down payers don't escrow.

Read the full changes here:

https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0818.pdf

It is almost atrocious.

Now, more important than ever credit score is important.

Even if a customer has decent credit scores versus great they will pay thousands, potentially tens of thousands of extra dollars in interest over the life of not only the home loan (due to risk based pricing), but every loan they have. The credit agencies, driven by the credit card companies and Fannie Mae and Freddie Mac are hitting scores hard. I pre-approved someone last month with a 650 and because they had 2 over 30 days late in the next month. The contract fell apart because their score drop to 565!

I can close loans in virtually every state. We are a national mortgage bank.

If your client qualifies now for a loan, but not the best rate (anything lower than a 680 credit score these days) and I close the loan, I will pay for 6 months of credit repair at MY expense with our approved company and not charge a mortgage origination fee when they refi once their credit improves.

If your client is or has been denied and they come to me for credit repair, I will give them a credit of potentially over $1000 for two borrowers, or $700 for one toward their closing cost at closing if they use me for the loan once their credit is repaired and they use my credit repair company.

MONEY BACK GUARANTEE!

We also offer a money back guarantee. If our credit repair company can't improve your clients score in six months, EVERY PENNY +$50.00 will be refunded for your clients hassle.

I have literally hundreds of Realtors not only referring clients to me, but taking advantage of this offer. Know that I have the staff to handle it.

With in-house processing, underwriting and closing, we are a mortgage BANK. "We don't play" like the "Brokers" do. Before I send a pre-approval letter I run every client through an automated underwriting system. This means if they didn't give me bad information the loan will close.

WE ARE CURRENTLY CLOSING CONVENTIONAL IN 7 DAYS, GOVERNMENT IN 10 DAYS even on foreclosures.

How many lenders do you know who have that strength?

Let me know if you or your clients need some help. terry@theloansquad.com

For credit repair www.everestcreditservices.com , remember that you get a deal and no one pays!