Being in real estate weather your selling homes or financing them can be stressful. Stress is bad for you both physically and mentally. It ages you prematurely and can cause health problems so it's important to remember to take some time every day to decompress. TAKE BREAKS: Make sure your stop
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08/17/2010
Many people think that when they refinance their home they are starting all over with another 30 years. (in most cases) I recently refinanced a home where the borrower had about 24 years left on his mortgage. I showed him how by refinancing he would save about $369.00 per month, but also showed
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08/16/2010
I was helping out a Realtor this weekend with their open house and at the very end an older gentleman came in to check out the house. He was a neighbor and was just there to check out the place. The Realtor and him got to talking and she discovered he was going to be traveling for about 3 month
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08/16/2010
Rates are ridiculously low at the moment. Even my clients who purchased less than a year ago can save by refinancing. Several past clients with rates above 5.25% I was able to reduce to 4.875% or 5.00% at no cost via FHA streamline. For other clients, like some who are upside down, the governme
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08/16/2010
I had to laugh today when a co worker was telling me that the Realtor and client she was working with didn't believer her when she told them she could get the client 4.25% on a 30 year fixed conventional loan of $400,000 and only charge .5 a point to do the loan. I mean 4.25%!!! It seems ridicu
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08/11/2010
Streamline refinances are a great for a client to reduce their interest rate quickly and easily. Streamline refinances for FHA and VA loans were known primarily for not requiring an appraisal or income/asset documentation. So long as the borrower was still working and had been making their payme
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08/10/2010
This is a short video I created after seeing something similar done by a colleague. I remember trying to explain the power of a seller buydown strategy to one of my Realtor partners and I don't think the light went off in his head until he watched this. I hope everyone finds this informative. Y
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08/09/2010
The 1st open house that I sat in on as a lender was for my mother who is a Realtor. I agreed to help her out because, aside from obvious reasons, I didn't like the idea of her sitting alone in an empty house with who knows who coming by. She had also told me that it was a great way to meet poten
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08/09/2010
I've made it a ritual to ask my clients weather purchase or refinance what their financial goals are. Depending on when they want to retire, how long they plan on staying in their home, or how much money they would like to put save each month changes several things. Things like how much closing
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08/06/2010
With home prices and rates as low as they are today there really is no excuse for not buying a home if you can qualify for one. There are so many benefits to home ownership that range from tax benefits all the way to simply feeling pride-full in owning something. Whenever I hear someone say tha
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08/03/2010
