Welcome to my Blog. I'm new at this, so please forgive any etiquette issues, but don't hesitate to let me know of any indiscretions. My blog is written with the home buyer/ seller and mortgage client in mind and for for client's benefit.
I have been following the financial market for 30 years and have an intimate long term perspective. My major focus in "the financial markets" is strictly limited to the mortgage industry. To government actions and effects on the real estate and mortgage world. The Federal Reserves actions determine more than most people imagine, rates go up and down, foreigners buy our bonds. Foreign investors play a large part in our economy through their purchase of our bonds. Bonds which provide a greater security and possibly return than their own local investments. Thank God they buy our bonds, it allows us to grow beyond what might otherwise happen. There is a great risk here. If they get burned by our trash bonds what will be the reaction. Interestingly this has happened before and may soon happen again.
My next blog entry will deal with an introspective on what has happened with the mortgage market in the past few years and months. An interpretive introspective. I don't think it's going to be irreverent, but it will be informative. I would look forward to a fresh perspective, so please feel free to add your thoughts.
That being said, I am all about lowering the costs of home ownership, educating the client about the home buying decision they are about to make and helping them recognize that this is, can be, should be looked at as a major financial decision. It's not just simply about buying a home. With education comes educated decisions. By leveling the playing field everyone knows as much as they want to know.... and now you are dealing with full disclosure, honesty, integrity and consistency. No embarasement with being found saying one thing and doing another. Honesty really is the best policy.
Typically the mortgage industry may always have been a turkey shoot for the loan officers. How much is each client worth, while providing their services. How much more can they make over the time of the mortgage. Lot's of loan officers are decent and just want to get paid a fair wage, nothing wrong with that. The real problem comes about sometimes because the consumer doesn't understand what they are getting into and they bypass the decent LO's and shop until they find the biggest thief. The one who doesn't really appear to need to make money in their chosen profession as a LO. Like you don't need an income for putting in your 40 hour week.
So, let's level the playing field with full disclosure, with education, with understanding. There are other people out there with the same objective and I have great respect for them. Finding RealtyAndaMortgage.com or any of the other decent people is like finding a needle in a haystack. Our best sources of business turn out to be referrals from truly satisfied clients.
What makes RealtyAndaMortgage combined with The Sound Team different?
Take a look at our great program at RealtyAndaMortgage.com and begin your education about why you should work with our Realtors and LO's. Great service and you will walk away with thousands to tens of thousands of either immediate and/ or future benefits. Check out The Sound Team of Keller Williams SES for currently available properties.
I suspect that the easiest way to demonstrate is by example. Another success story! Just closed on a Belltown Seattle neighborhood high rise condo. The Mattox family saved $12,080 in closing costs! Our next example will deal with a wonderful client for a Lake Union purchase and sale of her Bellevue home.
Our unique combination of lending and real estate sales has again helped a home owner save thousands. Savings that could be YOURS TOO!
Purchase Price: $850,000 with 20% down and a mortgage of $680,000
Closing Cost OTHER LO's RAAM
Loan Origination Fee $6,800 RAAM LOF ZERO
Closing Costs $5,280 RAAM CC ZERO
Total Savings for CLIENT "ZERO" $12,080 Savings in Cold Hard Cash, in their pockets! Could be yours too!
And that's not all. They received a JUMBO interest rate of 6.5% on a 30 year fixed rate mortgage!
This is not some bogus ARM product masked as a 30 year fixed that you hear so many people getting into trouble with.