mortgage: Lease Purchase Options
- 11/16/08 03:47 AM
With the credit crisis continuing and no real end in sight we are seeing those people who are still stuck with homes running out of reserves. As a mortgage banker we always have put a big emphasis on reserves, especially with Investment property purchases and purchasing another home without selling the previous home. Renting the properties is a decent way to make ends meet but putting the pressure on the homeowner to be the bank is turning out to curt the homeowner except their is no government bailout for the people who pay their bills. Lease purchase is a great way … (0 comments)
mortgage: Is America heading for disaster? What do you think?
- 10/22/07 02:03 AM
What is going on? All we hear on the news is the financial markets are crashing. The housing market is in dissarray. Home Inventory is up to nine months. Liquidity crisis is forcing banks out of business. Well individuals need to make sound decisions concerning their finances and so do businesses. We need to save 15% of our income for our future why don't banks? The last 10-15 years have been a windfall for banks and Fannie Mae, Freddie Mac. Profits have soured. What happened to that money? Why don't banks save for the rainy day. I try to coach all my first … (0 comments)
mortgage: Should you Float, Lock, or just Give Up?
- 10/04/07 03:00 AM
As a Certified Mortgage Planner I always try to help my clients understand how their home works as an investment. In today's market Home Owners and First Time Home Buyers need to look at their home as a long term investment. You can buy at reasonable prices and get locked into a reasonable rate. Working a plan for the future with a Mortgage Planner you will be able to get your investment to perform over the long term. During the last 10 years we have seen the consumers spend their equity and have sacrificed their financial future. I feel we will see … (2 comments)
mortgage: Kansas City Real Estate Values dropping?
- 10/03/07 04:00 AM
From the mortgage perspective the values of homes are not really dropping but instead they are adjusting. If you look at a mortgage as an investment in Real Estate, you can compare the market. Just as anything. Stocks, futures, and Real Estate, the price is driven by demand. Demand is down right now. I believe the media is playing a big roll in that but the values for existing homes are holding steady at 2004/2005 value. The new home market is really getting pressure to lower prices. This is just the opinion of Ron Yarbrough - Kansas City Mortgage Experthttp://www.RonYarbrough.com … (0 comments)
mortgage: Follow-up is the single most important aspect of Sales
- 10/03/07 03:04 AM
I have been in the mortgage business for over 12 years in Olathe, KS. I have always worked with first time homebuyers and have helped these clients grow into a 2nd and 3rd home. My struggle has always been consistancy in non-sales follow-up. I have tried many systems with email follow-up, mail merges, multi hundred dollar in the box systems and the list goes on and on. Someone real smart started a company that has helped me stay in touch. http://www.sendactualcards.com Sending a paper card shows you care. Sending an electronic card usually just goes to spam or get's deleted. Newsletters and going to … (2 comments)
mortgage: Fha is coming to the rescue
- 09/26/07 04:36 AM
Fha Secure is a great program to help homeowners that thought they would benefit from a ARM loan and now have found their payment ballooning. You can qualify for a refinance at a low fixed rate if you are currently behind in your mortgage payments due to the increased rate. Fha is very clear that to qualify you must prove that your current mortgage you cannot afford and a new mortgage will help you save your home from forclosure. Ron Yarbrough Kansas City Mortgage Experthttp://www.RonYarbrough.com 913-747-3234 … (2 comments)
mortgage: CMPS Mortgage Planning
- 05/01/07 07:30 AM
Harvesting the equity in your home is a concept many homeowners are not familiar with. Consuming the equity in your home is the philosophy of internet lending. Mortgage Bankers have always built their business by helping clients obtain a good home loan. With the mortgage certification (CMPS) being offered, consumers can know they are working with a professional. I am located in Olathe, KS and have been mortgage planning for over 8 years. I not only know the proper way to help someone purchase for now but structure best for tax savings as well as wealth in equity. … (3 comments)
"Today, I see a mortgage loan, more than ever, not as a mortgage loan once was, but instead as a financial instrument that must be tied into your long and short term personal financial plan, allowing the consumer to create a debt strategy that helps in building long term wealth creation for the client and their family."
With the credit crisis continuing and no real end in sight we are seeing those people who are still stuck with homes running out of reserves. As a mortgage banker we always have put a big emphasis on reserves, especially with Investment property purchases and purchasing another home without selling the previous home. Renting the properties is a decent way to make ends meet but putting the pressure on the homeowner to be the bank is turning out to curt the homeowner except their is no government bailout for the people who pay their bills.
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