The Real Estate Community generally seems to have a negative comment and predetermined attitude towards Mortgage Acceleration software and the legitimacy of the companies promoting it. I must admit that the Multi Level Marketing Feature of U-First Financial product and a $3500 cost is not the flavor for most people. In an recession economy, the average American Home Owners does not have the necessary disposable income to invest in their product. In U-First defense, the average American Home Owner should invest in this type of product. It will not only educate and organize their financial landscape, but it will enable them to realize the possibility of true home ownership.
It saddens me that Real Estate people, among others, comment negatively about something that promotes savings, investment, and financial mindsets that most Americans struggle with on a daily basis. I am going to be presumptuous in saying, those agents and brokers that are commenting have already achieved a certain level of financial freedom. I highly doubt if the agent and her husband/financial advisor are struggling with the idea of whether they should continue to invest in their IRA or 401k. On the other hand, I am absolutely sure that financial advisors have been, utilizing similar software and will continue to sell Variable Whole Life Annuities to people that have no business investing in that financial device.
We as Brokers, Agents, and Bankers have assisted in selling, financing and promoting real estate transactions that have systematically disarmed the average American Homeowner. To suggest that you as an agent or banker walked away from a 3-6% commission on a stated income verified asset investment property deal 2 years ago makes you either a liar or a Saint. Congratulations to the Saint. You are to be admired & revered! It is time for our community to shift or attention to the financial stability and responsible practice of advising our clients to build equity through affordable purchases. This begins with the Agent, aggressively negotiating good up front loan to value, without the assistance of a pushed appraisal. Furthermore, as a responsible agent, you should complete a financial analysis with each of your clients that defines their debt to income ratio.....This is paramount to the success of the loan. How often do agent sell by explaining that the deal is so good that the higher payment is worth the risk. Now, I understand that when agents are writing blogs and training people, they speak otherwise. However we are investors, and have experienced the sales pitch in more than eight different states with 100's of agents. The pitch is the same every time. It's called greed people. The Gordan Gecko approach is despicable. The question is.......What can your buyer truly afford? We look at 40% dti as a the bar, and prefer 30-35% as a rule. This practice will result in successful transactions without adverse affects to the overall markets.
A good agent should suggest that their buyers shop for financing. Too often agents promote a specific broker or banker. What's even worse is the affiliation agreements our companies have with in house lending. This is cohearsive behavior at its worst. I welcome the argument on this issue. This practice not only ties your agency to the lender and their practices, but violates the consumers rights. Too often the disclosure processes of affiliation agreements are to say the least questionable. Agent gravitate to the lender that gets their deal done rather than the what's in the buyers best interest. I am in no way suggesting that every agent engages in unfair disclosure practices, I am however suggesting that affiliation agreements expose the agents and their brokers to liability and the at the least offer a questionable atmosphere in regards to the integrity of the deal.
A good agent will share their knowledge of rate and term. They will offer the buyers options and ideas. Give you buyers the tools to decide for themselves what is best for their circumstance. Explain in detail the concept of compounded interest.
With that said. Agents must at some point realize that any product or tool that will empower a buyer to accelerate the payoff of their mortgage is a responsible approach. Do you realize that the average American refinances their home every 5 years. That's absurd. We have, as stated in the beginning, promoted irresponsible behavior for over a decade. The average American is no longer in an atmosphere that is friendly to the concept of utilizing equity in their primary residence to leverage other investments. This ideology has had a catastrophic effect on our economy. Loan to value is the greatest deal killer in the industry today. It is paramount to the success of our markets that we explain and empower buyers to use every tool available. Mortgage Acceleration, when priced reasonably, is a gateway to financial stability and comprehension of the competing markets. Americans interest are no longer represented by a banker or mortgage company that cares about their investments. The bank cares about the timely interest payment they will receive for the next 360 months. Why wouldn't they, their returns are incredible. Homeowners are no longer dealing with their local bank. They are dealing with multi national conglomerates and foreign investment banks. The personal relationship that our grandparents once enjoyed with their "Banker" that lived down the street and around the corner is a thing of the past. Empower your clients! Give them edge to take back their stability.
Before you comment about mortgage acceleration software. Realize that successful investors and the mortgage lenders utilize similar concepts and software. Hedge fund managers do not use pen and paper or a simple excel spreadsheet to define market trends or opportunity.
Our software is reasonably priced at $695 with no annual or monthly fees. It does not promote Multi Level Marketing. Mortgage Accelerator 2008 was designed for the average American Homeowner.
Shame is upon the mis-informer's advise. Investigate before you speak ill of hat which you know little. Our product produces the promised results. It promotes responsible living and financial stability. Mortgage Accelerator 2008 illustrates the financial landscape for our users in a way that insures consistent clarity. No more illusions people. Embrace the philosophy! REVERSE COMPOUNDING! The genie is already out of the bottle.
www.mortgageaccelerator2008.com
I am open to a spirited discussion. Please comment!
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