Portage, IN

Last year and at the start of this year there were a lot of changes in the mortgage industry.  New rules, new regulations and so on.  It is taking a lot of people by surprise.   I know cause of the calls coming into me this week for people were wanting to be pre-approved to buy a new Indiana house and they have no money down and no one to give them a gift of down payment of 3.5% of the purchase price.

Two of them told me that were waiting for tax refunds or big bonus checks.  Which in it’s self is fine, but what about rainy day issues.  We thank God that we have a rainy day account and everyone should.   I want to thank Missy Caullk for giving me this idea for NW Indiana Home buyers and if you are ever in need of moving to Ann arbor and be near the Wolverines give Missy a call.

Einstein, I have heard once said, “the most powerful force in the universe is compound interest”, and he is right.  Your money in the right form will grow for you over time and every day it will grow more.  Take a look at this graph and what two thousand dollars will do for a 19 year old.

 

 

 

 

 

 

 

 

 

 

 

 

Just think if you started at the birth of a child and when they are out of college the gift of a down payment could the best think you ever did for them.  Or, now as an adult, you can go after certain investment vehicles that will allow you to grow your money pretty quickly.  (I am not an investment advisor and I do not play on TV) If you would a referral for an Indiana Financial Advisor please let me know and I can certainly help you with that.

But watch this quick movie from CustomCraft it is a great learning tool to save money.

If you have any questions please give me a call @ (219)872-8000 Dave Woodson

but not too much. Rates are still quite low and still a perfect time to buy in Northwest Indiana! Did I say, "a perfect time to buy!" Yes, yes I did.

let me count the ways...

1. get $up to $7500 back from the gov't
2. low rates
3. home prices are lower then they were this time last year
4. It is a buyers market (do not abuse this privilege or you'll be wasting your time and your Realtors)
5. You get to use me in 14 states
6. What a way to start off the new year
7. Selling before the Capital Gains goes up! (thanks to Tara visit her link below)

For companion commentary go the Mad Mortgage Machine Blog and see whatelse I have to say.

Dave Woodon

"The more things you do, the more you can do."

Lucille Ball (1911–1989)
Actress and comedienne

I was riding the bike in the gym this morning and as I always do, I was listening to a podcast. That got me to thinking that it is time for a iPod University 3, but before I do that I have something else in mind.

I am a reader and a listener. I love to learn and hear new ideas that may help me grow my business. If they are implemented correctly or at all. I have always thought of myself as the guy that goes the extra mile. Really, beyond just showing up at closings or getting a good closing gift. As someone, that makes sure they understand and that is not even the extra mile that is a part of the job.

What can a mortgage broker do to go the extra mile?

• I had one LO that went out and helped his client scrape and paint a house to make sure it passed an FHA inspection!

• I fax a weekly status sheet to each Realtor involved in the transaction, not really the extra, but since not many do it. I call it
• Help with marketing ideas, you know the good ones that I know work

I think what a lot of us in the business think of as the extra mile is just a little more than doing your job. However, those little things add up when you look at the big picture. My brother and I were talking the other day about our maddening episodes at the License Branch. I will admit that I am a bit of a hot head and can get very irritated when I think someone just has a complete lack of customer service, but it seems that some just don't even do the job that they are being paid to do.

They seem to be so opposed to lift a finger to help that you just want to drag them over the counter and beat a little service in them. I pray that when someone leaves my office they know they were treated with the utmost respect. They feel that the experience could not have been better whether or not I could get them a home loan or not.

Do your clients feel that way? Havae you polled any of them lately and ask them what you could have done for them that they feel you have not?

Dave Woodson

Indigo Financial Group

The Indiana FHA Expert

oh, a quick side note for you Trekkie, did you know that Lucy's production company produced the original Star Trek series.

Here is a quick video for tomorrows Mad Mortgage Machine Show and podcast. 

This week, I talk to Giovanni from New Beginnings Credit Repair in Merrillville, In.  I, also, discuss the fairy-tale foreclosure from the Extreme Home Makeover in Atlanta, Ga, the possible affects of the the fed taking over Fannie and Freddie, and the possible resurrection of Down Payment Assistance. 

 

 

So, tune in tomorrow for the Mad Mortgage Machine Radio Show on WIMS am 1420 or WIMSRadio.com

The NW Indiana FHA Lender of Choice

Dave Woodson

The Mad Mortgage Machine