home loans: How to Get More Referrals- Part 1
- 06/10/11 08:39 AM
I have been asked the question a fair amount over the years. “How do you get more referrals from your clients and referral relationships?” There are really several ways and I could say its complicated but it really is not. You can network and have several referral partners such as CPA’s, financial planners and realtors. I only work with a select few so the majority of my referral’s come from my clients. But the referral partners I do work with trust me and know when I am working with one of their clients, I make sure they are given first class … (5 comments)
home loans: How to Buy a Home with 3% Down and NO Mortgage Insurance
- 06/09/11 12:04 PM
For those of you who are in the process of saving or shopping for a new home I have great news! Fannie Mae has a special program called-HomePath Mortgage which allows a borrower to purchase a Fannie Mae-owned property with a down payment as low as 3% with No mortgage insurance, flexible mortgage terms, No Appraisal needed. Expanded seller contributions to closing costs are allowed. Breakdown of Benefits to You, the Borrower Down payment as low as 3% and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only). Down payment (at least 3 percent) can be funded by the borrower’s own savings; … (0 comments)
home loans: How to Improve your Credit Scores
- 05/03/11 07:26 AM
As you may know your credit score is an important factor in determining the overall cost to your mortgage loan. Interest rates are priced based on the middle of your 3 credit scores. The 3 major credit bureaus have an automated system that determines your credit scores based on several primary factors. The factors are: 35% is based on your payment history for all your accounts 30% is based on the amount you owe on revolving accounts like credit cards 15% is based on ow long you have been using credit 10% is based on your applications for new credit … (0 comments)
home loans: Senate Voted to Extend Homebuyer Tax Credit
- 06/17/10 04:44 AM
The Senate voted Wednesday to give homebuyers another three months to settle on their contracts and take advantage of a popular tax credit that sparked a rush of activity in the housing market. The Senate, with a vote of 60-37, accepted an amendment by Democratic Leader Harry Reid that extends the closing deadline to Sept. 30 for buyers who met the April 30 deadline to have a signed contract. The current deadline requires buyers to close by June 30 to get the $8,000 tax credit for first-time homebuyers. Existing homeowners buying a new primary residence are eligible for a $6,500 credit. Reid offered … (0 comments)
home loans: Congress looking to Extend Home Buyer Tax Credit
- 06/16/10 11:54 AM
For those of you who have clients who are in contract on a property that was signed by April 30th you may be in luck if you are cutting it close to the June 30th deadline for the tax credit. Congress is considering an extension of the Home Buyer Tax Credit for those that are having trouble ( usually by no fault of their own) closing by the end of June. This would be a huge relief for many borrowers and real estate agents who are having trouble because of a long drawn out short sale negotiations and issues on bank owned … (2 comments)
This is my blog all about the world of Mortgages and financing.
I will cover a variety of topics from what is happening in the current housing and mortgage market to how this affects you and your finances and what you can do to put yourself in a better situation financially.
God Bless,
Dan Chapman
I have been asked the question a fair amount over the years. “How do you get more referrals from your clients and referral relationships?” There are really several ways and I could say its complicated but it really is not. You can network and have several referral partners such as CPA’s, financial planners and realtors. I only work with a select few so the majority of my referral’s come from my clients. But the referral partners I do work with trust me and know when I am working with one of their clients, I make sure they are given first class … (5 comments)
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