Here's more of what other lenders don't want you to know...this is all about interest rates and interest rate quotes. Boring, huh? Uh, maybe not... thousands (yes, I said thousands) of dollars are at stake for a bad decision.
What's the right decision?
Hey Mitch, I want the lowest rate I can get...what is it right now?
Should I make one up or should I find out what I really need to know to quote an accurate rate? I could go either way but really...come on now.
This question and process is really nothing new to those of us that do this for a living, even in these times.
Honestly, the key is to get accurate information from our borrowers so we can make sure we're providing the best loan, the best rate, and the best fee structure based on specific borrower needs for a specific transaction.
OK Mitch, same old hoo-haw that I hear from every loan person out there...yeah, I get it; you're all special, you're all great and you're all looking out for my best interests....but aren't you more worried about your own pocketbook than mine?
Isn't that Hee-Haw? Anyway, heck, yes I'm worried about my pocketbook! Aren't we all? But my pocket book is a non-issue...it always takes care of itself based on conducting business the right way. Clients, associates, family and friends all need to know that any answer, or any strategy I recommend is based on accuracy, true knowledge, and is well planned. True knowledge comes only from experience and accurate interpretation of all facts material to the specific scenario being considered.
Wow, you sure do talk alot. Can I get an answer now please?
Here's your answer: Let's make sure we have the right information about you, and any property being considered. That's all I need to provide you an accurate quote.
How come I see all these quotes from lenders on the Internet and everywhere else without me having to give up my life story then?
All lenders can provide quotes based on "normal" or assumed parameters. I do this every day and provide "Daily Rates" to consumers and the financial communities. Want on this list? E-mail me and type "Rates" in the subject line. I'll add you. No hoo-haw.
The key is, how accurate are these quotes? Do the lenders provide true and accurate quotes based on real-life stuff, or are the quotes based on a loan that 1 person in a million may qualify for only while the tide is out at midnight on a Sunday?
Please don't tell me that lenders bend the truth....we all know that could never happen....
Wait a second while I get done laughing....OK, I'm ready....yikes. Can you say marketing? The sad truth is that you gotta get past the hype, the pie-in-the-sky too good to be true stuff.
There is no short cut to finding someone who knows what they're doing, and who you trust. If you don't know someone, how do you find this person?
Rely on word-of-mouth, your friends, associates, financial professionals, and your real estate person. Feel free to contact me anytime and judge for yourself.....I'm happy to help.
Until next time.....
Monday, April 2, 2012
Sunday, April 1, 2012
HARP II Update-If it sounds too good to be true...
...it probably is.
Be careful...once you do a HARP loan you can't do it again....you get one shot and one shot only. Better get it right!
Many mortgage lenders/loan officers are marketing the heck out of this (yes, I said marketing), and some of what they say may turn out to be true. Mostly not I think. Hmmmm....do you think they're all thinking about paychecks? Naw...they wouldn't do that, would they?
How about this? Let's do business the right way and make certain that every consumer who can benefit gets the maximum benefit. Now there' a concept.
It's simply too early in the process to get the best loan at the lowest rate. Patience will pay off. Get on my HARP e-mail list (type HARP on the subject line and I'll add you), or submit your e-mail (look to the right!) to automatically receive any new blog posts/HARP updates, or contact me (e-mail is best to start).
I hope you check around before you get started down a path that you later find was the wrong fork in the road. As lenders roll out their guidelines, it's pretty likely those guidelines will loosen up over the next few weeks/next month so I wouldn't be in a huge rush to get this done; just a normal rush.
Why would you believe me over what some others are saying? Unless you know me or have done business with me, you simply don't know me...I get that. So, here are some of my testimonials which I guess you can choose to believe or not. Fact is they are all real people who would not hesitate to tell you that. Here you go: http://www.mijoymortgage.com/Testimonials.html
What to do? I will always have solid answers for you and will provide reliable, timely and realistic information. Here are the guidelines: http://www.mijoymortgage.com/UNDERWATER_HARP_2.0.html
We are beginning to process HARP 2.0 applications; it would be a good idea to have your application on file if you haven't done so already. Even though it's been a slow process, lenders have been rolling out their guidelines and we are beginning to see some realistic information now. I expect that we will have some make-sense scenarios to help you as a consumer looking for a way to lower your payment.
Here's what you should do to proceed:
Be careful...once you do a HARP loan you can't do it again....you get one shot and one shot only. Better get it right!
Many mortgage lenders/loan officers are marketing the heck out of this (yes, I said marketing), and some of what they say may turn out to be true. Mostly not I think. Hmmmm....do you think they're all thinking about paychecks? Naw...they wouldn't do that, would they?
How about this? Let's do business the right way and make certain that every consumer who can benefit gets the maximum benefit. Now there' a concept.
It's simply too early in the process to get the best loan at the lowest rate. Patience will pay off. Get on my HARP e-mail list (type HARP on the subject line and I'll add you), or submit your e-mail (look to the right!) to automatically receive any new blog posts/HARP updates, or contact me (e-mail is best to start).
I hope you check around before you get started down a path that you later find was the wrong fork in the road. As lenders roll out their guidelines, it's pretty likely those guidelines will loosen up over the next few weeks/next month so I wouldn't be in a huge rush to get this done; just a normal rush.
Why would you believe me over what some others are saying? Unless you know me or have done business with me, you simply don't know me...I get that. So, here are some of my testimonials which I guess you can choose to believe or not. Fact is they are all real people who would not hesitate to tell you that. Here you go: http://www.mijoymortgage.com/Testimonials.html
What to do? I will always have solid answers for you and will provide reliable, timely and realistic information. Here are the guidelines: http://www.mijoymortgage.com/UNDERWATER_HARP_2.0.html
We are beginning to process HARP 2.0 applications; it would be a good idea to have your application on file if you haven't done so already. Even though it's been a slow process, lenders have been rolling out their guidelines and we are beginning to see some realistic information now. I expect that we will have some make-sense scenarios to help you as a consumer looking for a way to lower your payment.
Here's what you should do to proceed:
- Verify that you qualify: http://www.mijoymortgage.com/UNDERWATER_HARP_2.0.html.
- In the event you haven’t filled out an application on-line please do so immediately so we can minimize the application time needed: https://0990471896.secure-loancenter.com/WebApp/Start.aspx. Enter as much info as you can and then send it right away.
- Please provide me with 2 day and time alternatives when I can contact you to review and finalize your application and move forward. Please be certain I have the best phone # to contact you.
Tuesday, March 13, 2012
Underwater? HARP 2.0 Update-Getting Closer-Stay Tuned
Underwater?
Refinance to a lower monthly payment for qualified borrowers.
No appraisal is required.
HARP 2.0 features unlimited LTV (loan-to-value). If you're "underwater" and need to lower your payment, it may be your turn to take advantage.
Do you qualify? Here are the program basics: http://mijoymortgage.com/UNDERWATER_HARP_2.0.html.
Previous HARP 2.0 post/update:
Refinance to a lower monthly payment for qualified borrowers.
No appraisal is required.
HARP 2.0 features unlimited LTV (loan-to-value). If you're "underwater" and need to lower your payment, it may be your turn to take advantage.
Do you qualify? Here are the program basics: http://mijoymortgage.com/UNDERWATER_HARP_2.0.html.
Previous HARP 2.0 post/update:
http://mijoymortgage55.blogspot.com/2012/01/underwater-whats-up-with-harp-20.html
Please pass this along to anyone you feel might benefit:
FHLMC (Freddie Mac) loaded the HARP 2.0 guidelines to its system this past weekend, FNMA (Fannie Mae) will load theirs the weekend of 3-17.
Please pass this along to anyone you feel might benefit:
FHLMC (Freddie Mac) loaded the HARP 2.0 guidelines to its system this past weekend, FNMA (Fannie Mae) will load theirs the weekend of 3-17.
It will take about 2-3 weeks beyond that (best guess) for investors to put forth their individual programs. We will know as investors roll out their individual programs what we can do for individual borrower scenarios.
If you are in my data base for follow up you will be among the first to know what possibilities there are….updated posts to follow as the program guidelines roll out.
If you need/wish to be added to my database please e-mail me.
It would be a very good idea to get your loan application ready on my secure site here: https://0990471896.secure-loancenter.com/WebApp/Start.aspx
Those with applications on file will be processed first.
Until next time...
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