First Time Home Buyers use FHA Mortgage and Seller Paid Closing Costs to Buy Real Estate Now. Best Market Conditions for Foreclosures and Short Sales in Decades. Go To http://RealEstateMarketingThisWeek.com

Part 2 (Excerpt)

How having the Seller pay your closing costs can quadruple your money

On the other hand if you roll that into the loan it’s going to take you 160 months to break even on that. 160 months which is a little over 13 years, that is the antithesis of the Velocity of Money that we talk about on the show every week, so I am not convinced that its the right deal for the masses, but something that should be considered is what is the opportunity cost of taking the money out of Account X and the type of account you taking it out of has some impact too. If it’s from a brokerage account then you experience the market loss in that account and youre selling at these low price levels, I think the markets are going to turn and the opportunity costs over 160 months, youre talking about a substantial amount of money. And the additional mortgage payment is insignificant.

Obviously no one is going to allow you to pay more than the house is worth, that’s not what were suggesting. What were suggesting is merely to look at instead of simply making a lower offer than you would normally make, I’m suggesting that you consider the closing costs and what the real closing costs are in this example.

Assuming that the house is already attractively priced, one of the things that this buyer in this example should consider instead of making a lowball offer on a house that’s already priced rather attractively in this marketplace, it might make sense to consider exactly what you’re describing now. And that would be take that money or that difference and ask the seller to include those costs as part of the deal to sell the house, versus why lowball offer the house when you already know the house is the right price.

That’s exactly right and one of the other points here is in a lot of cases the closing costs dont need to be quite that high. So there is the opportunity for the home buyer to buy down, for instance, use 1% of the loan amount to buy the interest rate down. I did a calculation here today, the cost of funds changes all the time, in fact we had four price changes today. Four mortgage rate changes today, just in one day. This doesn’t apply in every scenario, but that’s why you use a certified mortgage planner, that’s why they use a FHA certified mortgage firm to do the loan to make sure that it’s the right thing to do but here’s the example of today. 1%, paying 1 point to buy the interest rate down will lower your mortgage payment, on this example of a $300,000 house, would lower your mortgage payment by $118 a month.

It’s not simple it’s not just like going to your local bank and having them give you a quote on the rate, there is so much more to it these days. I think that one of the things you’re pointing out right now is the fact that this type of negotiating exists and should be considered when making this purchase. And I know that you have already espoused that youre not a realtor in that sense, but your realtor should be talking to you about these options. If they are not, you may want to consider finding one who knows about that stuff.

They absolutely do and I’m not suggesting to anyone that they go out and find another realtor because yours is not working out for you. The reality of it is if your realtor doesn’t believe in the concept it may only be that they just don’t understand the concept. Have them give us a call, we can explain it to them. And I have simple illustrations we can share with them, how we would structure it financially, and they can, the realtor can set the price. That’s what their job is, but what our job is to make sure that you use every penny available to you to the best of your ability.

I have a question for you Brett, if you took $9000 and didnt take it out of your savings, 401K, or whatever, what will it turn into with today’s market? What would that be like?

Depending on the way the money is allocated, invested in a fixed income investment, or an interest-bearing account in a bank or whatever, what I can tell you is over the same amount of time, that $9000, over 160 months, youre probably talking about quadrupling the money. I would say that that is relatively easy and I’m not talking about taking on significant stock market risk. What I’m talking about is just compounding interest in some kind of interest-bearing account. I mean it could be a bank CD.

The other thing to do is we have this book called the Short Sale Playbook written by Ron Quinterro that we have available to anyone who is interested in it…

Duration : 0:6:12

Read the rest of this entry »

Technorati Tags: Adjustable, Administration, ARM, attorney, avoid, bank, bankruptcy, buyer, closing, Corporation, cost, credit, discount, down, estate, expert, fannie, fed, federal, fha, first, fixed, FNMA, foreclosure, fraud, freddie, Funds, Future, Home, housing, income, Insolvency, interest, lender, loan, loss, mac, Mae, marketing, Median, mitigation, mod, modification, Mortgage, Negotiate, no, owned, Payment, price, program, purchase, rate, real, realtor, refinance, rent, reo, repo, Resolution, RTC, S&L, sale, savings, scam, seller, Servicer, short, TARP, tax, time, Trust

https://www.lendinguniverse.com Find and compare hundreds commercial mortgage loans in BALTIMORE, MARYLAND. LendingUniverse – Real Estate Brokers, Commercial Mortgage Broker and hard money lenders. Get LOI by Banks, brokers, real estate investors and lenders offer mortgages on residential, commercial land and construction in MD – BALTIMORE At http://www.lendinguniverse.com/Brokers.asp complete a simple application and we will deliver you fast, accurate multiple results. We are neither a lenders nor a broker we give borrower tools to find and track and compare all the negotiations. Lenders compete- You decide. Real Estate Loan & Investor. x
Our network of registered lenders includes brokers, private investor and real estate investor firms, and leading financial institutions such as Bank of America and Wells Fargo. This vast network of institutions and investors is given instant access to your real estate loan request, which guarantees the best financial deal for each and every Lending Universe client.

With our secure, integrated software, all your information is safe from outside infiltration, plus your commercial lender application can be completed and submitted in just a few minutes. Simple, effective, secure and trustworthy, your real estate loan application is always in safe hands when you deal with Lending Universe.

Over 10,000 Hard money lenders, brokers and private real estate investors in, funding residential commercial vacant land and construction loans. Service based in Los Angeles for BALTIMORE, MD and includes:
Lenders competing, Loan modification , Commercial mortgage lenders, Conduit loans, Commercial lenders in Los Angeles, Commercial loans, Commercial mortgage lenders, Mezzanine loan, Private mortgage leads, Commercial property loans, Hard money commercial loan, Private mortgage leads, Commercial lenders, Mortgage leads, Commercial mortgage, Commercial mortgage broker, Commercial mortgage lender, What is hard money? , Appraisers, Notary publics, Real estate agent , Commercial financing, Construction lenders, Commercial mortgage lending, International loans, Construction lenders, Commercial mortgage loan, Commercial mortgage lending, Commercial hard money, Hard money commercial lenders, Commercial mortgage brokers, Business property loans, Conduit loan, Bridge loan, Land purchase loans, Commercial loans rates, Commercial real estate loan, Private investors, Private mortgage investors, Buy mortgage leads, Private mortgage lenders, Commercial real estate mortgage, Small commercial mortgage, Conduit loans, Loans deals, Debt service coverage, Hard money mortgage lenders, List of mortgage companies, Construction loans rates, Mortgage lender, Private investor real estate loan, Find a mortgage broker, Mortgage leads for less, Commercial real estate financing, Commercial loan interest rates, Amortized loans, Hard money commercial lenders, Real estate lenders, Loan servicing software, Construction loans Los Angeles, Debt service coverage ratio, Buy real estate leads, SBA 504 7a, Commercial mortgage rates, Real estate loan, Mortgage lenders, Debt service cover ratio, Prepayment penalty loan, Loans for land purchase, Loan rates comparison, Mortgage leads Los Angeles, Apartment building financing, SBA 504 interest rate, Hard money mortgage lenders, Buy leads, Loan rates compared, Purchase mortgage lead, Bank of America commercial loans, Commercial mortgage rate, Bridge loans, Loans to Alien/Foreign Nationals, mortgage, loan, loans, foreclosures, home mortgage, refinancing, refinance, financing, mortgage refinancing, mortgage loans, foreclosure, bad credit, home loans, mortgage rates, home equity, home loan, mortgage loan, mortgage refinance, mortgages, bad credit mortgage, home equity loans, hud, interest rates, lending, interest rate, lenders, mortgage rate, lender, loan rates, mortage, line of credit, mortgage broker, subprime, first time home buyer, morgage, refinance loan, hud homes, mortgage lenders, cash out, loan officer, mortgage brokers, mortgage interest rates, refinance rates, mortgage companies, mortgage second, refinance home mortgage, fha rates, refinance loans, fha home All Commercial, Single Family Residence (SFR), Multi Family Residential 2-4 Units, Multi Family Residential 5+ Units, Vacant land (land only, no construction), Vacant Land with Construction combined – Residential, Vacant Land with Construction combined – Commercial, Condominium, Apartment building 40+Hotel/Motel, Church, Hospital, Strip mall, Mobil park, Mobile Home – All, Mobile Home – Trailer, Mobile Home – Modular, Mobile Home – Manufactured, RV park, Rural commercial, Ranch/farm, Gas station, Other Commercial, Other Residential

Duration : 0:0:43

Read the rest of this entry »

Technorati Tags: bad credit, bad credit mortgage, BALTIMORE, commercial, Commercial mortgage, financing, foreclosure, foreclosures, Home Mortgage, loan, loans, MARYLAND, mortgage loan, mortgage loans, mortgage rates, mortgage refinance, mortgage refinancing, mortgages, Real Estate, refinance, refinancing

Learn how to raise your credit score in 6 easy steps Bad Credit Auto Loans,Home Loans,Credit Card,Mortgage,Dept Consolidation,Payday Loans,Student Loans All Type of Loans Fast Approval In Second Visit Now Learn how to raise your credit score in 6 easy steps. Find instructions on how to get a free government credit report via email,Mortgages with bad credit? SURE! We specialize in home loans with bad credit. Nationwide discount funding for all your mortgage needs, Apply now Fast approved auto Loans & guaranteed vehicle loan for anybody with good or bad credit. No need of cosigner. Get approved for a new or used auto loan Personal loans bad credit ok quick online approval, Personal loan bad credit online approval, Quick approval personal loans guaranteed, Bad credit fast. to learn more about This Great Offer, Please Visit Our Website At Private Fast Loans.com

advance loans alternative student loans apply for a loan auto loans bad credit auto loans bad credit home mortgage loan bad credit loan bad credit loans bad credit personal loan bad credit personal loans bank loan bank loans boat loans business loans car loans cash advance loans cash loan cash loans cheap loans collateral loans college loan college loan consolidation college loans college student loans commercial loan commercial loans consolidate loans consolidate student loans consolidating student loans consolidation loans consumer loans debt loans defaulted student loans direct loan direct loans easy loans education loan education loans emergency loan equity loans fast cash loans fast loan fast loans faxless payday loans federal loan consolidation federal loans federal student loan federal student loan consolidation federal student loans fha loans financial loans get a loan government loans graduate loans graduate student loans guaranteed loan guaranteed loans hard money loan hard money loans high risk loans home equity loans home improvement loans home loan home loans home mortgage loans house loan i need a loan instant loan instant loans loan application loan brokers loan companies loan company loan consolidation loan for bad credit loan for people with bad credit loan rates loan with bad credit loans loans com loans for bad credit loans for people with bad credit loans online loans with bad credit low interest loan low interest loans low interest student loans military loans money loan money loans morgage loans mortage loans mortgage loan mortgage loans motorcycle loans need a loan no credit check loan no credit check loans no credit loans online loan online payday loan online payday loans pay day loans payday loan payday loan store payday loans personal loan personal loans personal loans for bad credit personal loans for people with bad credit personal loans with bad credit plus loans poor credit loans private loan consolidation private loans private student loan private student loan consolidation private student loans quick loan quick loans real estate loans refinance loans school loan school loan consolidation school loans secured loan secured loans secured personal loans short term loan short term loans signature loan signature loans small business loan small business loans small loans small personal loans student loan student loan consolidation student loan default student loan interest rate student loans student loans bad credit student loans for bad credit student loans with bad credit students loans subprime loans unsecured loan unsecured loans unsecured personal loan unsecured personal loans advance loans alternative student loans apply for a loan auto loans bad credit bad credit auto loans bad credit home mortgage loan bad credit loan bad credit loans bad credit payday loan bad credit personal loan bad credit personal loans bad credit unsecured loan bank loan bank loans boat loans borrow money business loans car loans cash advance cash advance loans cash advances cash loan cash loans cheap loan cheap loans collateral loans college loan college loan consolidation college loans college student loans commercial loan commercial loans commercial mortgage consolidate loans consolidate student loans consolidating student loans consolidation loans consumer loans credit loan debt loans defaulted student loans direct loan direct loans easy loans education loan

Duration : 0:9:36

Read the rest of this entry »

Technorati Tags: Bad, consolidation, credit, day, for, loan, loans, pay, payday, people, personal, plus, poor, private, quick, store, student, with

http://www.SeanLaRue.com
Your KEY To Moving Home!

100%?? What?? Is this really still available? Sean La Rue wants to make sure you have all the up-to-date information needed to buy a home in today’s market. First home buyer? No problem, Sean is an expert working with hundreds of families like you. Go to www.SeanLaRue.com to apply for a home loan today. By a home today with no money down. Images and Intro by Ian La Rue www.laruephoto.com Follow Sean @SeanLaRue … Call me Sean La Rue 760-835-5663

Duration : 0:4:21

Read the rest of this entry »

Technorati Tags: @SeanLaRue, #MortgageHotline, 92201, 92203, 92210, 92211, 92236, 92240, 92253, 92254, 92260, 92262, 92264, 92270, 92274, California, Canadian, coachella, conventional, desert, estate, fha, foreign, Home, hot, indian, indio, KEY, la, larue, loan, loans, mirage, Moving, national, palm, palms, purchase, quinta, rancho, real, refinance, rue, sean, southern, springs, thermal, thousand, to, USDA, VA, wells, Your

http://www.911credit.blogspot.com

ATM American express credit card bad best Citi cards visa master card bank money cash
mortgage loan home

Duration : 0:0:18

Read the rest of this entry »

Technorati Tags: Bad, bank, best, card, cards, cash, citi, ercard, Home, loan, mast, money, Mortgage, offer, visa

First Time Home Buyer Mortgage Program with $8000 Tax Credit, Low Down Payment and Fixed Interest Rates on Government FHA Loans. Financing Assistance at Cheap Rates. Go To http://RealEstateMarketingThisWeek.com

Part 3 (Excerpt)

$8,000 tax credit the government is paying you to buy a home with a very low down payment

We have back in the studio today Mr. Dan Havey. Dan and I have worked together in the mortgage industry for about 14 years and we are happy to have him back. He has seen a lot of changes in the market and thanks again for being here.

Michael, here is a question I wanted to ask you, there is so much misconception in the marketplace today as far as what is still available for financing. I think a lot of people have this idea that it is impossible to finance a loan or get a mortgage or that you have to be able to put 20% down or have a 720 FICO score. Can you let people know whats really going on out there?

Well you know a lot of things have gone away. There are a lot of those old loan programs that were fancy ways to sell money and finance real property and a lot of thats gone. The reality of it is, if a person has a minimal amount of money down, there is absolutely financing through the Federal Housing Administration with 3.5% down. You can buy up to about $358,000 with only 3.5% down. Now with Fannie Mae and Freddie Mac, we actually do have a few investors that will allow us to only put 5% down with those and that loan amount maximum is $417,000. So there is still plenty of financing for primary residences.

Now in regard to looking at investment properties believe it or not there are actually still some stated income loans out there, but the stated income loan is for a non owner occupied property, the interest rates are very high and you know what, if you can put 20 to 25% down and prove your income you are better off using conventional financing, it is absolutely still available.

Now if you are a first time home buyer living in an apartment and you are getting kind of tired of it, you are looking at low interest rates, you are looking at the property values have come down over 50%, FHA is generally going to be the direction that person is going to want to go, right?

Absolutely and you know Dan with the $8000 first time home buyer tax credit you know that is a check that the government sends you for up to 10% of the sales price of the home up to $80,000. Its capped at 10%, you are not going to get more than $8,000 back and you may get less if you buy for less than $80,000, but whats really interesting about this is you can, if you have already filed your 2008 tax return, you can file a 1040X and get that credit sooner. You dont have to wait until April 15th of 2010 to get your tax credit. You put the money down today, close on the mortgage, move in, file your 1040x, there is a form that is called the 5405 but thats not all that important, and you can have that money back in your pocket right away.

So I know that was part of the plan that came out today and just to make it a little bit clearer for peoplelets just take an example. Lets say you buy yourself a $150,000 house and you buy it as an FHA, it doesnt really matter how much money down or how you buy the house but if you buy a $150,000 house, you are going to get an automatic $8,000 tax credit that you can take off of the taxes that you owe the government. So lets take an example where you are a W-2d employee and you pretty much break even at the end of the year, you dont owe the government any money and they dont owe you any money the government will actually write you a check for $8,000 for that tax credit and if you buy it this year you can amend your tax return for 2008 and get a check from the government for $8,000.

And thats not including the other tax write offs that you get for writing off the taxes on the house writing off the interest on the house, so again with a $150,000 house with 6% interest roughly you are going to be looking at another $10,000 worth of write offs on top of that. Now that is a write off not a tax credit, like the other one so you are going to save whatever your tax rate is. So lets say your tax rate is 30%, that is another $3,000 in taxes saved. So if you buy a house this year you are going to put an extra $11,000 in your pocket.

So if you buy a $150,000 house and you have to put 3.5% down, Thats what? Lets just say roughly $5,000, you just made $6,000 and you get to own a house. ($11,000 tax savings minus $5,000 down payment) And your mortgage payment is more than likely less than or equal to what you are paying for rent and you own it.

Exactly and you get the benefits of having your own house…

Duration : 0:6:14

Read the rest of this entry »

Technorati Tags: 1st, 8000, advice, assistance, bank, bill, breaks, buy, buyer, credit, debt, deduction, down, downpayment, estate, federal, fha, finance, financial, first, fixed, foreclosure, government, Grant, guide, guidelines, help, Home, homebuyer, house, housing, incentives, income, information, interest, lease, lend, lending, limits, loan, low, modification, Mortgage, new, no, owner, package, Payment, plan, price, program, property, purchase, qualifications, rate, real, rebate, refinance, rent, requirements, sale, short, stimulus, tax, time, tips

http://www.ezchfaloans.com, 0 Down CHFA Mortgages for First time Home Buyers in Denver, Centennial, Aurora, Littleton, Lakewood, Highlands Ranch, Arvada, Westminster, Thornton, Boulder, Brighton, Parker, Colorado. If you are looking for 0 Down CHFA Mortgages for First time Home Buyers in Denver, Centennial, Aurora, Littleton, Lakewood, Highlands Ranch, Arvada, Westminster, Thornton, Boulder, Brighton, Parker, Colorado. See this site.

Duration : 0:1:53

Read the rest of this entry »

Technorati Tags: arvada, assistance, Aurora, Boulder, Brighton, buyers, Centennial, CHFA, colorado, Denver, down, first, Highlands, Home, in, lakewood, Littleton, loan, Mortgage, mortgages, Parker, Ranch, thornton, time, westminster

Recorded from a past live webinar, this class reviews five loan programs that exist in the State of California today. Programs include:

– VA – Veterans administration loans
– USDA – Rural development loans
– CSHLP – CalHFA program that offers specific bank owned homes
under market
– SMART – CalHFA program that offers CalHFA owned homes under
market
– PERS – CalPERS offers a down payment assistance program

In addition to these five loan programs, we discuss community seconds, city and county down payment assistance and mortgage assistance programs as well as mortgage credit certificates.

This class will help you to understand how to qualify for these specialty programs.

Duration : 0:9:57

Read the rest of this entry »

Technorati Tags: assistance, CalHFA, CSHLP, down, fha, first, Home, homebuyer, loan, loans, Mortgage, Payment, purchase, SMART, time, USDA, VA

Low $ down and $0 down payment loans are still available. Watch for the information you will need to get your low / $0 down mortgage and a free e-book of homes that qualify!

Duration : 0:3:2

Read the rest of this entry »

Technorati Tags: equity, estate, foreclosure, Home, homes, HUD, loan, market, Mortgage, real, reo, repo

http://www.RefinanceMortgageNow.net My new blog. Mortgage Refinance, home loan refinance, refinance mortgage loan, refinance home equity loan, refinance with bad credit, refinance loan rate, morgages

Duration : 0:2:3

Read the rest of this entry »

Technorati Tags: consolidate, debt, help, Home, loan, Mortgage, refinance, refinancing