refinance: The Two Methods To Generate Home Equity Are Not Equal - 06/14/07 11:15 PM
Home equity is created in one of two ways (assuming increasing home value and a non-negatively amortizing first mortgage).
In the first method of creating equity, the homeowner pays down the principal balance on the mortgage.  This increases the difference between what is owed on the home and what the home is worth.
In the second method of creating equity, a home's value increases over time.  This increases the difference between what is owed on the home and what the home is worth.
Because both methods create equity, homeowners often confuse the two.
In Method #1, the homeowner takes dollars from a paycheck that have … (0 comments)

refinance: Reverse Mortgages: Financing the Golden Years - 05/27/07 01:11 AM
Until recently, seniors 62 years of age and older have not had the best choices when it came to getting cash from their homes. Traditional home loans only offered the option of either selling one's house or borrowing against its equity.
With reverse mortgages coming on the scene, seniors now have some additional cash-flow alternatives. This type of loan allows mature borrowers to convert their home equity into tax-free income without leaving their current home or making mortgage payments - and they do not need an existing income to qualify.  How a Reverse Mortgage WorksReverse mortgages are probably best understood when … (0 comments)

refinance: Protecting Your Credit During Divorce - 05/09/07 01:03 AM
When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn't have to change is the credit status you've worked so hard to achieve.
Unfortunately, for many, the experience is the exact opposite. Unfulfilled promises to pay bills, the maxing out of credit cards, and a total breakdown in communication frequently lead to the annihilation of at least one spouse's credit. Depending upon how finances are structured, it can sometimes have a negative impact on both parties.
The good news is it doesn't have to be this way. By taking a … (0 comments)

refinance: Lead Follow−Up Campaigns- Never Give Up On a Lead! - 05/09/07 12:57 AM
You might wonder, "When is a lead no longer a lead?" A lead is always a lead until the person tells you to stop calling. The key to success in sales is professional persistence. Take time to earn the loyalty of prospects by showing them that you add more value to the equation than anybody else in your field. One critical element to remember about a successful lead follow-up campaign is that it should be easy to implement.
Build a series of letters (i.e., templates) and load them into your database management system. Whether you use Top Producer®, Microsoft® Outlook® or ACT!®* … (3 comments)

refinance: Is a 30-Year Fixed Mortgage the Best Type of Mortgage? - 05/08/07 01:25 AM
With interest rates still near 40-year lows, is a 30- year, fixed-rate mortgage the right choice? While the mass media's response is usually yes, my reply is NO.
Today's market is much different than the market and lifestyle of the previous generation. That generation typically had one job, one pension, one house and one mortgage. That lifestyle no longer holds true today. Pension plans seem to be a thing of the past unless you are employed in the airline industry and many of the public services agencies. Most Americans will hold five or more jobs throughout their careers. As far as … (0 comments)

refinance: The Mortgage Planning Process - 05/06/07 11:55 PM
The mortgage planning process is different than the typical "shopping for a mortgage" experience. The mortgage planning relationship is not about you:
Wasting your valuable time trying to save $25/month by comparing rates, fees and closing costs among different lenders. Wasting your valuable time trying to baby-sit the mortgage company you've reluctantly chosen to work with. Being promised one thing and then getting something different at closing. Being "sold" on one mortgage product over another. The mortgage planning relationship is about you:
Receiving valuable financial advice and guidance that can literally save you hundreds of thousands of dollars. Trusting a professional … (0 comments)

refinance: Are You Using Your Voicemail Effectively? - 05/06/07 11:42 PM
Have you ever stopped to consider how many times a new prospect gets your voicemail before they have a chance to speak directly with you? Your voicemail greeting provides an excellent opportunity to create a first impression that can have an enormous impact on whether people decide to use your services. It can also be used as a dynamic marketing tool.
If the first time you called a CPA, Financial Planner, or Real Estate Agent, you heard a voicemail greeting that was energetic, educational and professional, wouldn't that set the proper tone for the rest of the relationship? Very few people take … (10 comments)

refinance: ON−Time: Take Time Out for Planning - 04/29/07 01:20 AM
Have you ever had days, weeks, or even months go by when you were frustrated in your work activities because you failed to implement the things that you know you need to do in order to be more successful? Perhaps you've taken pages and pages of great notes at seminars on the subject of how to improve your business, only to return to the office the next day and implement none of it. The reason this happens to people is because they lack a plan. More importantly, it happens because they are not practicing ON-Time.
ON-Time is a time you set aside … (1 comments)

refinance: An Inverted Yield Curve: What It Means to Mortgage Rates & Programs - 04/28/07 12:34 AM
The U.S. economy, interest rates, and the housing market are frequent topics on the nightly news. Viewers are told about leading economic indicators, how the stock market has performed, and whether the Federal Reserve is planning on changing interest rates. What isn't explained is how these items are interrelated and how they may impact which home loan is best for you.
The Federal Reserve attempts to keep the U.S. economy healthy through its use of monetary policy. As fears of inflation increase, the Fed will raise certain short-term interest rates such as the federal funds rate, which is the interest rate banks … (0 comments)

refinance: Marketing to the Better Half- Don't Leave Spouses Out of the Equation - 04/28/07 12:27 AM
Marketing guru Faith Popcorn, who is considered a trend expert, posed this insightful question to an audience in San Francisco back in 1999: "Since men and women are obviously different, why do we continue to market to them in the same way?"
Let's take Faith's concept a step further: When meeting with a couple, why do we typically engage one partner in the relationship in conversation, when we know the deal is an important financial transaction involving both partners? Aren't we opening ourselves up to problems by not marketing to each one?
How many times have you built a rapport with one person, … (0 comments)

refinance: Strategic Financing: The Solution to Today's Changing Market - 04/27/07 12:35 AM
Interpreting one of the main challenges of today's mortgage market isn't as difficult as it might seem. With interest rates on the rise, a lot of consumers are extremely troubled by the negative effects of increasing interest rates on their Adjustable Rate Mortgages. Each month, they are forced to watch hopelessly as their monthly payments increase and interest rates climb closer and closer to the lifetime caps of their loans. For these homeowners who are struggling, refinancing into a 30-year fixed rate mortgage may not help them right now. In fact, doing so could increase their monthly payment and further strain … (0 comments)

refinance: Trapped in Telephone Purgatory? Use These Short Cuts & Break Free - 04/25/07 11:43 PM
Does this scenario sound familiar? Your latest credit card statement comes in the mail, and there's an error. You know that it needs to be dealt with, but for some reason you keep putting it off. Then it hits you. The reason for your procrastination is that you just cannot bear the thought of calling "customer service". Just the idea of facing a telephone maze of pressing buttons and repeating personal information over and over again to a computer is so daunting, so loathsome, you actually consider just paying the charge.
The good news is your days of wallowing through the Dante's … (0 comments)

refinance: Victorville Facts and Information - 04/25/07 01:33 PM
Here is a link that will help you discover Victorville and some of the history behind it!!
Victorville, California - Wikipedia, the free encyclopedia
Hope you find this site informative. Please don't hesitate to give me a call if you need any more information.

refinance: Gasoline $ense - 04/24/07 11:37 PM
In terms of the economy and its effect on our daily lives, there is no hotter topic than the outrageous prices we are seeing at the pumps. The maddening part is as consumers, we have zero control over these inflated costs. To make matters worse, there's always that person who says something like, "You know, Europeans pay a lot more for gas than we do." That's true, but it doesn't make it any easier when we're reaching for our credit cards at the pump. The absolute worst part about high gas prices, however, is the notion of having no alternatives. Even … (6 comments)

refinance: Disaster Preparedness- Simple Steps Everyone Can Take - 04/23/07 11:48 PM
Natural disasters are a fact of life. Each area of the country has its own challenges, from hurricanes on the Atlantic and Gulf Coasts to tornados in the Plains and earthquakes in California. Regardless of where you live, it's important to have plans in place to ensure that you and your family are prepared should an emergency arise. Begin by researching which types of events could occur in your community: •Contact local authorities to learn how community alerts are issued and the evacuation routes you will need to follow. •Inquire about emergency plans at work, school, and any other locations that … (0 comments)

refinance: The Art of Happiness- Making Each Day Your Best - 04/23/07 11:15 PM
In The Art of Happiness*, the Dalai Lama shares this powerful insight into life: "I believe that the very purpose of our life is to seek happiness. That is clear. [Regardless of religion], we are all seeking something better in life. So I think the very motion of our life is toward happiness." But how do we achieve this happiness which everyone craves? What commonality can we draw upon, regardless of health, wealth, appearance, etc.? The Dalai Lama goes on to explain how the mind can be trained for happiness, despite a lack of material wealth and success. It's that whole … (3 comments)

refinance: One-of-a-Kind Gifts - 04/23/07 12:45 AM
Purchasing a gift can be a stressful experience. Whether you're buying for a close friend or a mere acquaintance, the same questions arise. Will they like it? If the answer is yes, then it could be that they already own it! If you choose to go the safe route and buy a candle, a dessert item, or a gift certificate, then the gift may appear less personal than you intended. Thanks to a couple of great websites, the perfect gift, regardless of who you're buying for, may only be a click away.
This is an excellent website for buying one-of-a-kind gifts. For … (1 comments)

refinance: College Savings Plans - 04/23/07 12:21 AM
Saving for your child's education just became a bit more complex as a result of the new tax bill passed last May. The Uniform Gifts to Minors Act (UGMA) is a popular program which allows minors to own stock in their name and, if they fall between the ages of 14-17, to pay taxes on the proceeds exceeding $1700 at their own lower tax rate. Under the new legislation, however, these proceeds will be taxed at the parents' higher rate, challenging the growth potential of this investment plan.
Other popular college savings plans include the 529 State College Savings Plan, the Prepaid 529, … (0 comments)

refinance: Where Your Tax Dollars Go - 04/22/07 01:27 AM
The US government expects to collect some $2.6 trillion in tax revenue this year! That's a 6% increase over last year, and a 13% jump since 2005. With the tax season behind us, did you ever wonder how your tax contributions are spent? Well, according to the government's 2008 budget, nearly 71% of this money is already slated for mandatory programs such as Social Security, Medicare, and interest toward the national debt. The military receives about 17% of the total budget, with another 1.3% funding homeland security. The remaining discretionary revenue not only funds highways, railroads, airports, etc., it also pays … (2 comments)

refinance: The Pitfalls of Plastic - 04/22/07 01:19 AM
Credit cards are a great tool when it comes to building up a good credit history. However, according to a recent report, credit card debt in America reached nearly $800 billion in 2005. How can you obtain the benefits while avoiding the pitfalls? Here are some dos and don'ts:
Monitor your balances: Credit card usage and management makes up 30% of your credit score. Keep each account balance below 50% of the available credit limit at all times to maintain your score, and below 30% to improve your score.
Read everything: Credit card companies can change the terms of your account at … (0 comments)


John Caylor

Post Falls, ID Mortgages

Post Falls, ID

More about me…

Infinity Financial Group

Office: 208(773) 838-2110

Mobile: (208) 215-5207

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