Posts Tagged ‘Mortgage Industry’
Loan Officer Compensation Stay Update
April 4th, 2011Federal Reserve Board Schedules LO Compensation Webinar
March 11th, 2011Federal Reserve Board Schedules LO Compensation Webinar
3/11/2011 On March 17, 2011 at 11:00 am PST the Federal Reserve Board is holding a webinar on Loan Officer compensation. You can click the banner to register for it. We’re not sure how many can get in so good luck! Big Shots at the SEC got busted for watching naughty stuff on their office computers. Frank and Brian eat crow over getting beat up on the Bank of America, and Lennar stories aired early this week. Have a great weekend and thanks for watching the TBWS Daily Show!
Success Stories #3
January 21st, 2011Client #1
Terry is a very successful business professional. She makes good money but does not have a lot of free time. Because of her hectic schedule, Terry has accumulated a lot of revolving debt and the payment on that debt was getting out of hand. The Kunselman Team was able to help Terry out by refinancing her existing mortgage with a new FHA Mortgage and giving her cash out. Terry was able to use this money to restructure her debt in a way that saved her over $1000/month. With her monthly payment savings, Terry’s time to recover her costs of doing the refinance is less than 5 months.
Client #2
Phil has been living is a townhome (that he owns) for quite a few years now. He had been saving his money recently decided that he would like to buy a bigger home. He was not sure about whether or not he wanted to sell his current home either. The Kunselman Team was able to help Doug buy a beautiful home at a great price. He did not have to sell his townhome to qualify either. That way he can choose to rent it out or if he feels he can get the price he wants, he can also sell it.
Client #3
Chuck and Sally had had their mortgage for about 5 years. Like many of us, Chuck and Sally are self-employed. They make great money, the just don’t show a lot on their tax returns. Chuck and Sally had thought that because of their income situation they would not be able to qualify for a refinance. The Kunselman Team was able to find them a new mortgage that did not require them to document their income and they also did not have to have an appraisal. I will point out that the reason they did not have to document their income was because of who their current loan servicer was (and it’s one of the big ones). If you would like to see if you qualify for this amazing program, give The Kunselman Team a call and we will check for you.
Posted in Mortgage Industry, News, Real Estate Industry, Success Stories
Tags: 1st Time Home Buyer Applying for a mortgage Beating the System First Time Home Buyer Mortgage Industry Mortgage Interest Rates Move-Up Home Buyer New Mortgage Refinance Home Refinancing Repeat Home Buyer The Kunselman Team Tips to getting a good mortgage
Top 10 Reasons for Getting a New Mortgage in 2011
January 21st, 2011- Rates are still really low.
- FNMA DU Refi+ and the Freddie Mac Open Access HARP programs are still around through May.
- You might not have to pay for an appraisal
- Self-employed people can still get a loan.
- 100% Financing is available in rural areas (Frederick/Firestone count as rural)
- FHA has lowered its up-front mortgage insurance premium from 3.5% to 1.0%.
- 100% VA Loans are still available. (Have you ever checked your eligibility?)
- VA interest rate reduction loans are cheap and easy.
- FHA Streamlines don’t require income documentation. (Great if you have kept up on your payments even with a drop in income.)
- Mortgage interest and Mortgage Insurance are still tax deductible!
Posted in Mortgage Industry, News, Real Estate Industry, Uncommon Useful Knowledge, Understanding Your Mortgage
Tags: 1st Time Home Buyer Applying for a mortgage Beating the System Difficult to Get a Mortgage FHA FHA Mortgage Refinance First Time Home Buyer Getting a Mortgage How to Refinance My Home Less Interest Mortgage Industry Mortgage Interest Rates Mortgage Refinance Move-Up Home Buyer New Mortgage No Cost Refinance Refinance Refinance Home Refinancing Repeat Home Buyer The Kunselman Team Tips to getting a good mortgage
Get the Process Started Now
December 8th, 2010The loan process is not what it used to be. In the not so distant past, we used to be able to start a new refinance and get it closed within 3 weeks. Lenders were a lot more streamlined and were staffed to handle the amount of loans they were getting.
But because of new regulations and a large influx of business (due to such low interest rates), loans are just taking longer to get done. So what should you, the consumer do?
Get started now. If you are thinking that you would like to refinance but are going to wait until after the holidays, you could be missing out. Rates are still good but all indicators point to rising rates in the near future. If you wait until after the holidays to start the loan process you could end up paying a higher rate.
The reality is that because of longer timelines to get a new mortgage, a refinance started now most likely won’t be closing until after the New Year.
We all make New Years Resolutions to get our finances in better shape but why wait to start those resolutions until after the 1st of the year. Getting started now will give you a head start and ensure that procrastination doesn’t cost you more money.
Posted in Know Your Mortgage, Mortgage Industry, News, Uncommon Useful Knowledge, Understanding Your Mortgage
Tags: 1st Time Home Buyer Applying for a mortgage Beating the System Difficult to Get a Mortgage FHA FHA Mortgage Refinance First Time Home Buyer Getting a Mortgage How to Refinance My Home Less Interest Mortgage Industry Mortgage Interest Rates Mortgage Refinance New Mortgage No Cost Refinance Refinance Refinance Home Refinancing Repeat Home Buyer The Kunselman Team Tighter Guidelines Tips to getting a good mortgage



