When was the last time your bank guaranteed that you would be approved for a loan or a mortgage? If you were denied, did they work with you to get you to where you need to be to be approved? Or did they just send you a letter in the mail? If this applies to you, then you should know that we will get you approved.

How can we say this? Well, here is how the program works. If when a borrower first applies for a home mortgage loan (refinance or purchase) and they are not approved (or bankable), we will begin our part of the program - The KMS Plan.

The KMS Plan: We will... read more.

When applying for a commercial mortgage, there are many financing options that are available. Just like with residential loans, commercial borrowers can choose between fixed rate or adjustable rate, construction or permanent, and even interest only or fully ammortized.  However, it is not just that simple.

There are many factors that come into play that are similar to residential mortgages, yet different from them. Some of these items DSCR (or Debt Service Coverage Ratio), Rent Roll, Operating Expense, and read more...

THE AUGUST $79 WEEKEND SPECIAL

Wow, the year has really gone by fast here at the Holiday Inn Express & Suites on the Scenic Dead River!

We have stayed very busy improving our product for our guests and visitors.

Just this month, we completed installing brand new carpet and padding in all of our guest rooms. In addition, all of our rooms are now equipped with brand-new Dove Quilt-Top Beds.

Our guests have been enjoying our weekly manager's reception on Tuesday nights, where we offer complimentary wine, beer, and appetizers in the evening for our guests.  To read more about our specials, click here.

Our lender, whom which we owe.

Oh, how much we owe!

The bills will come,

The monies all gone, this mortgage we should not have had.

Forget this debt, as we forgot our payments,

Do not deliver us to the courts

Or send us into foreclosure.

We would sell, but the market is just not there.

For in the future, we will use Knightlines. This mortgage we would not have ’cause they do care.

Amen.

Do not let this be you saying this prayer because... read more

Just because you live in Eustis, Mount Dora, or Tavares, you are not immune to this mortgage financing fee that mortgage brokers and correspondent lenders almost always charge.

Yield Spread Premium (often referred to as YSP) is quite simply the opposite of buying down an interest rate. For example, if you want to buy down your interest, you can pay the bank/lender a point (1% of the loan amount) or more. Each point you pay is not a direct reduction of your rate by a percent. It is often 1 point buy down equals .25% reduction in interest rate. This differs from lender to lender. With YSP, you can increase your interest rate in exchange for the bank paying you points.

Why is this good? Read more here.

Unlike Coca-Cola who decided to revamp itself back in the 1980's, Knightlines Mortgage Services, LLC of Lake County, Florida is leaving the recipe of its success alone. However, in a bold move Knightlines is updating its branding image.

While the logo remains a knight, the image has been transformed into a more regal and elegant symbol. No longer trapped in a box, the knight is now the central focus of an all encompassing sphere to elude to the company's wholeness and understanding of the mortgage industry, both commercial and residential.

To read more about our image change, click here.

That’s right! 100% Financing still exists in Lake County, Florida. Despite all the obituaries about these mortgage programs, there is still one program that remains alive and well. This is all thanks to Lake County being USDA Grade A land… and I mean that literally.

The USDA 100% mortgage loans offer many benefits to potential home owners. The biggest being no down payment. Also, at the top of the list is the fact that there is no extra costs in your monthly payment in terms of mortgage insurance. Eh, what the heck? Here is a list of all the benefits a USDA loan has to offer:

Click here to read more.

But if you wait 6-12 months from now to read it, you will get $125.  So what will it be, read now or read later?

• Read now: You get $100, but are out $25.  Can you handle not having the extra $25?
• Read later: You get $125 (not bad return on investment if you wait the 6-12 months).  You have to wait 6-12 months and could miss out on opportunity to use that $100 (Christmas is right around the corner, folks).

• Read now: You know you are going to get $100.
• Read later: You are taking a risk of waiting in that I do not go into bankruptcy, die, leave the county, etc.

• Read now: Hey, you get $100.
• Read later: Your intel tells you it is a safe bet to wait it out.

Okay, so I tricked you into reading this far... there is no money to be given out.  No one is going to get $100 or even $125 for reading this.  (That means: "CONGRATULATIONS!  You just got $0.00, zilch, nada, nothing.)  I am using it as an analogy.

So what am I comparing it to?  The real estate market!!!

• Buy now: You are getting a good deal.
• Buy later: You could get a better deal.  (What if the market improves despite what the media says?)

• Buy now: Mortgage rates are still low.  Underwriting for mortgages is still fair.
• Buy later: Rates could go up.  Underwriting for mortgages could go through another tightening of the belt.

• Buy now: You are doing your part to improve the economy.
• Buy later: You are helping keep the economy down.

• Buy now: Prove the media cannot control us.
• Buy later: You might as well just put a crown on the media, bow to it, and while your at it, bend over and let them keep giving it to us and keep letting them control our lives.  (Wow, I sense a little hostility towards the media coming from me.  Let's see, because of them saying the bubble is going to burst, the market is only going to get worse, etc, people have followed suit.  Who are we to say the media does not know what it is talking about?)

So what do you say, buy now or buy later?

(I was going to be mean and redirect you to my sight, but I figured you came here for $100 only to find out there is no $100.  So, the least I could do was save you a click.) :)  AND NO THIS DOES NOT MEAN THAT I AM BACK.  I AM JUST VOICING MY OPINION BECAUSE I AM SICK OF ALL THE BAD NEWS THE MEDIA PUTS OUT ABOUT THE MARKET AND HOW WE LET IT CONTROL OUR LIVES.

Lake County mortgage companies (except for one lone company) are a no show at the Leesburg Area Chamber of Commerce Business Expo '07 presented by Leesburg Regional Medical Center and The Villages Regional Hospital with Chamber Alliance Chambers: East Lake, Eustis, Lady Lake, Mt. Dora, South Lake, Tavares, and Umatilla hosted by Lake Sumter Community College this past Thursday (October 18, 2007.)

The media has told the story over and over now... mortgage lenders and companies closing their doors, the real estate market is at its worst, and so on.  However, Knightlines Mortgage Servces, LLC makes its presence known that it is still in business and not going anywhere any time soon.  While other companies are struggling to keep their lights on, Knightlines is out with a mission to market itself to the local community with a positive attitude on today's real estate and mortgage markets.

Read more...

Knightlines Mortgage Services, LLC has taken its transparency policy to the next level by offering a flat fee mortgage program.

What is transparency?  Transparency is full disclosure.  Many mortgage companies and their loan officers/brokers disclosure only what is required by law to disclose.  One of the items that is not specifically required under "full" disclosure is that of Yield Spread Premiums (YSP).  YSP is a fee paid by the lender to mortgage companies for the charging of a higher interest rate to a borrower.  Many companies and their loan officers/brokers opt out on disclosing this fee to their clients.  Often times, this fee is only mentioned at the closing table by the settlement agent.  And even then it is quickly dismissed because of the fact it is marked as a "Paid Outside of Closing" fee from the lender.  Borrowers are left in the dark that this fee is indirectly paid by them as a result of the mortgage company selling them a loan with a higher interest rate.

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