homes: Why rent when you could own? - 05/16/11 08:46 AM
This is a great tutorial on the comparison of renting -vs- home ownership!
https://edge.mortgagecoach.com/report/edgereport.html#45102-0-2-42620
I appreciate your feedback!
Having a dream is good, owning one is better!
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homes: How does the new Loan Officer Compensation affect YOUR buyer/seller? - 04/20/11 07:22 AM
First, did you know there WAS new loan officer compensation?
There is.  Basically (although unbelievably convulated and confusing) the new legislation says that borrowers have 2 options.  EITHER to pay their loan origination fee OR to accept a higher interest rate and have the lender paid the loan origination fee.  Seems simple, right?Here's where YOU, as their realtor, come in.  Does the loan officer that your buyer is obtaining their loan from, even have TWO options? Many lenders are adopting ONLY the lender compensation and ONLY offering the higher rate option to your client.  IF you buyer is unaware that their are two options … (0 comments)

homes: Do you still have your loan officer? - 04/13/11 05:04 AM
According to the Mortgage Bankers Association, the mortgage industry workforce has plummeted by 51% since 2006!   12,000 jobs in the industry have been lost in the first two months of 2011 alone!
Furthermore, I'm shocked to find many realtors are not aware of the Loan Officer Compensation changes, regulated by the Federal Reserve, that went into affect 4/6/11!
Loan officer's are no longer allowed to be compensated by the borrower and the lender in the same transaction. It is one or the other.  The bottom line is that the borrower needs to choose whether they want to pay their loan originator or if … (2 comments)

homes: Kids and Money... The 3 C's. - 04/12/11 05:04 AM
Critical. Control. Credit.  Critical is #1. Control is 1.1. Credit is #1.2.  (All close in line is what I am trying to say)  
I have talked to my son about all of these since he was a toddler.  Little did he know when we were talking about how inappropriate it was for him to be throwing a fit while begging for candy at the grocery store, that we were really talking about his credit report.   "You cannot get future great stuff without doing the right thing right now" 
Critically think first, practice some control and know that credit is like breathing.   Re-read that last sentence.  If we all … (2 comments)

homes: Kids and Money... Start early! - 04/06/11 09:24 AM
My guy is the most amazing 15 year old on the planet and his first word was "mortgage" so to say I know something about kids and money, is an understatement.  I used to teach a Finance class to 8th graders and it was disturbing their view on money, it's source and it's longevity.   So here begins my blog on kids and money!
My first suggestion is an easy one: Start early! As early as your children learn the value of a hot stove they should learn the value of money.   The value of saving it and the value in spending … (2 comments)

 
Leslie Nilsen, First Class Financial (First Class Financial Services NMLS#162476)

Leslie Nilsen

First Class Financial

Phoenix, AZ

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First Class Financial Services NMLS#162476

Address: 5150 N 16th St. A-126, Phoenix, AZ, 85016

Office: (602) 294-9288

Fax: (602) 294-9830

Insight, tips, direction, updates and information on Arizona mortgage lending.


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