Your clients can still be able to purchase their home and not break the bank financing it! With a variety of loan features and benefits available - including up to 100% financing, a Rural Housing mortgage loan may be the perfect mortgage product for your clients.
Here's more information about our Rural Housing loan program and how it works:
A 30-year fixed rate mortgage loan for 1-unit primary residence properties
Here to help...and fell free to call/email if you have questions.
Warmest regards,
Josh Perrington - 1st Metropolitan Mortgage, Branch Manager
www.1st-Metropolitan.com | Josh@1st-Metropolitan.com | 540.904.0842
en·sem·ble [ahn-sahm-buhl] "all the parts of a thing considered together"
When you think of the word ensemble, what comes to mind? How wonderful it sounds when all the elements of an orchestra come together? The Cello, Piano, Violin, Flute all blending together... Or, would it be how amazing it sounds when three completely different voices come together to form one harmonious chord?
What if...when you hear the word ensemble something new & refreshing comes to mind... Something that gives life back to your slumbering mortgage and gives you a freedom never dreamed possible. Ensemble embodies the beauty of pulling together resources today, to help accomplish your goals for tomorrow.
Your tomorrow...begins today...
The concept is surprisingly simple. Ensemble combines all your checking, home loan and home equity line accounts into one master "loan sweep account" that allows deposited cash to be placed against the loan balance each day in order to save mortgage interest. That's it! This simple change allows you to better leverage your cash flow, potentially saving you thousands in interest over the next decade. And, your funds remain available 24/7, just like with your old checking account today.
- Your income lowers your monthly balance.
- The lower balance saves you interest.
- The saved interest becomes extra principal payment.
- This further lowers your balance, saving more interest.
- This frees up even more money to reduce principal.
- This cycle repeats itself each month, compounding your interest savings
and accelerating the reduction of your debt.
Traditional mortgages make it easy to get into debt; Ensemble gives you - the borrower - the power to reduce your debt more aggressively. Ensemble is able to help reduce debt more quickly, simply by putting all of your personal income to better use.
Mortgage interest typically consumes about half of the average American's net income, for decades at a time. With Ensemble, paying less interest will allow you to reach your financial goals faster. Whether you want to use those interest savings to pay your home loan off sooner, or keep your equity leveraged and reinvest those savings in higher-yielding investments...saving interest...is always in your BEST interest.
Combining your main personal cash management tools into one master account relieves you of the need to track money transfers manually. Once the account in setup, transfers from your loan account happen automatically. So does your interest savings from your positive cash flow. And when you need cash for investments or expenses, it is quickly available via check, electronic transfer, ATM withdrawal, or debit card. Nothing could be simpler!
Discover how the power of your own cash flow could significantly accelerate your home loan's pay down, saving you thousands in interest and getting you free-and-clear of mortgage payments years ahead of schedule, without demanding any change in your current spending habits.
Click here - for your FREE assessment & to learn how Ensemble may benefit you personally. I would love to hear from you!
All the best!
Josh Perrington - 1st Metropolitan Mortgage - Roanoke, VA - 540.904.0842
"Wake your mortgage up...it's time to get to work!"
...and he has come early this year!!
With CMG's Home Ownership Accelerator (HOA) being temporarily taken off the market, many financial planners & mortgage planners were/are at a complete loss. Recently I've had conversations with many of our referral partners and have heard comments like the following:
"Finally, we found an investment vehicle worth recommending...now it's gone!"
"It honestly feels like someone just pulled the rug out from under my clients...I can't believe the Accelerator is off the market!"
Before I bring Santa into the picture, let's recap what the Accelerator is & why it's so powerful:
In a nutshell... When attacking debt, or building equity, or going to war for that matter...doesn't it make sense to pull all of your available resources (that may be less productive in their current environment) together to focus on the common goal? That's exactly what the Home Ownership Accelerator has been able to do extraordinarily well. It allows a client to pull their checking account, savings accounts, and mortgage account into one large vehicle that's proven to be beyond effective. The majority of all of my clients who are now in the Accelerator are on track to pay their home of in roughly 5 yrs versus their old 30 year mortgage!! That's not common though and it just speaks to our clients financial backgrounds. The nationwide average is having clients payoff in less than 13 yrs...still phenomenal!
- Your income lowers your monthly balance.
- The lower balance saves you interest.
- The saved interest becomes extra principal payment.
- This further lowers your balance, saving more interest.
- This frees up even more money to reduce principal.
- This cycle repeats itself each month, compounding your interest savings
and accelerating the reduction of your debt.
Sounds great right? Unless you remember reading earlier that HOA is now off the market! THIS IS WHERE SANTA COMES IN!!!
We received word a few weeks ago that HOA is temporarily off the market...so what happens to my clients and all of the other clients who were in process? Santa has come early and he's brought gifts!! The biggest gift (everyone wants the biggest present 1st) is called "Ensemble". Ensemble acts, feels, and operates just like HOA!! The best part...the investment is no where near that of the HOA!
In recent weeks, HOA was requiring clients to invest upwards of 5% of the loan amount...that's correct..5%! Let's do the math, on a loan amount of $250,000...that's $12,500 in discount point & origination our clients would need to pay! Look, I love HOA, but how long will it take an average client to recoup that $12,500 in equity or principle reduction?!?!?
Ensemble, in many cases, requires $0 towards discount/origination & even if it requires 1% - it would STILL save the client $10,000 in closing costs that can now go DIRECTLY towards principle!!
So...why bring Santa into the picture? Because Ensemble is truly a gift in today's economy or, at least, how that economy is being perceived. With this gift, we now have the opportunity to help out clients nationwide be able to...
- BUILD EQUITY FASTER
- TRULY BECOME DEBT FREE
- INCREASE INVESTMENT OPTIONS
and...NOT HAVE TO CHARGE MORE, JUST TO SHOW THEM HOW TO PAY IT OFF!
There's more to come, but if you would like info faster - click here - I would love to hear from you!
All the best!
Josh Perrington
1st Metropolitan Mortgage
Roanoke, VA
540.904.0842
As the real estate industry contracts, to survive you need to add more value to your client relationships than the next agent. To do that, you need to deeply understand the challenges your clients face, and be the first agent to present new ideas to your clients that may offer them real value.
One area that clients struggle with is building equity.
They want to extract equity to make further investments, but struggle to find extra cash monthly for extra principal payments. Or, they want to get their primary home paid off in time to retire free-and-clear. (Baby Boomers, in particular, are starting to wake up to the fact that they have to have a better strategy for taking control of their home financing to pay it off on their retirement schedule, not the lender's.) Either way, they need help achieving their goals. So, add value to your relationships by introducing clients to new financing tools that help build equity more aggressively, without straining their personal finances.
The most interesting product to date that helps accelerate equity build-up is the Home Ownership Accelerator®, a loan that combines a fully-functional checking account with a first-position line-of-credit. This innovative combination allows the client to flow all of their monthly cash flow against their own loan balance instead of lending it to the bank. Doing this saves interest charges, which become extra principal reduction. Compound these savings each month, and the client can significantly accelerate their loan pay-off, often by as much as twenty years!
A recent article in The New York Times noted the arrival of loans like the Home Ownership Accelerator as a viable financing alternative.
"For borrowers who cannot face the prospect of paying more interest than principal over the course of a loan, mortgage lenders have begun to offer alternatives more aggressively. (Lenders) have unveiled mortgage products in the past year that allow borrowers with good credit and above-average incomes to accelerate their payoff schedule and reduce their overall interest liability, all without increasing their monthly mortgage payment.
''These aren't for everyone,'' said Tom LaMalfa, founding partner of Wholesale Access Research and Consulting, a financial industry consulting firm based in Columbia, Md. ''But for those who are reasonably affluent and good savers, it makes a good deal of sense and reduces the overall loan cost.''
Doing the right thing by your clients will pay off for you, too. A paid-down loan means more available equity for new real estate purchases. A paid-off loan creates a happy client willing to send more referrals. Keep your clients on the cutting edge of home financing. Introduce them to products like the Home Ownership Accelerator.
Please feel free to call/email & let's set up a conference call to talk about other options now available. Specializing in Virginia, Tennessee, California, Florida, & North Carolina...
Josh Perrington - 1st Metropolitan Mortgage | Roanoke, VA
Josh@1st-Metropolitan.com | www.1st-Metropolitan.com | Direct: 540.904.0842
Many of you may have heard about the 203k FHA Renovation Loan, but few have actually decided to dive in with both feet. NOW is the time to start implementing the 203k into your proposals... Here's a scenario:
Realtors: Here's the problem... Have a listing that needs improvements AND the Sellers can't afford to invest in making those improvements? This causes the listing to sit for possibly months & may even be the cause for the property not showing as well. Most Buyers aren't willing (or are unable) to invest money from their savings to improve the property after closing.
BEFORE AFTER
Solution: With a 203k loan, the Buyers can now roll the costs of those improvements into their offer & have them financed...requiring ONLY the 3% minimum FHA down-payment!! IT GETS BETTER! Have a Buyer who doesn't have the 3% down-payment? IT CAN BE GIFTED...essentially allowing the Buyer to enter & close without investment on their part!! Now...here's an even better point...the loan closes (and you get PAID!) PRIOR to the improvements being complete! Would you agree that this opens a world of possibilities for your Buyers & Listing now?
There's never been a better time for you to prove your value and market awareness to your clients. If you need help understanding the process, I will be posting a much lengthier explanation and "tutorial" soon or - feel free to email or call & I'll walk you through.
Don't let it be intimidating - spend a few hours in research & development & your clients will forever thank you!
Josh Perrington
1st Metropolitan Mortgage | FHA 203k Renovation Consultant
2762 Electric Rd, Suite E | Roanoke, VA 24018
Josh@1st-Metropolitan.com | www.1st-Metropolitan.com | 540.904.0842
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We're Passionate about our work & we love what we do! Someone once said, "Find what you're passionate about & you'll never work another day in your life!"...I couldn't agree more. -Josh Perrington
1st, Let me start by saying that my worst day as a Mortgage Planner is far better than the best day I ever had as an Accountant/Finance Manager! Why? Very simply...I spent 8 yrs in the Accounting & Business world and found myself dreading the work, but thriving on the relationships. Now - I love what I do with a passion & truly enjoy watching my clients eyes open to the possibilities they never dreamed possible. We don't advise normally on the vanilla everyday loans. We instinctively choose to listen to our clients in hopes of hearing what's really important to them - not what's most profitable for us!
We absolutely pride ourselves on WOWING our mortgage clients, whether they live in Roanoke, VA or in New Bern, NC and all cities in between! We've built our success solely on referral relationships with past clients and strategic partners. Don't believe the hype! There are some amazing things happening in the mortgage world right now and, when used properly, can have an extremely positive effect on your financial goals.
Of course we will be glad to serve your needs as they relate to a regular 30 year fixed FHA, VA, etc... loan - but is that what you REALLY want? We look at every client as an opportunity to help their financial future forever. We work with Virginia's premier financial consultants in order to truly give our clients a mortgage that will provide a roadmap for achieving their goals.
Did you know that there are literally 100's of different options available to a borrower that may be MUCH more effective than the regular 30 year fixed?
I first heard about the Home Ownership Accelerator (HOA) program from an article in Money magazine. After about 3-4 weeks of research I was referred to Josh Perrington from 1st Metropolitan Mortgage. Armed with the knowledge of the internet, I quizzed Josh on this product. I was quite impressed not only by his knowledge, but his ability to answer my in-depth questions about the program. I consider myself a savvy investor and never saw the financial sense in paying off a mortgage before fully retiring. I figured I'd invest heavily in my portfolio and sell whatever real estate I had at age 60, or so, then buy my retirement villa outright. However, with the HOA I am still able to be aggressive with my portfolio and payoff my existing mortgage before I'm 55. I've dealt with a lot of mortgage loan officers and brokers, but Josh is by far the most prepared and genuinely concerned. He even fielded and answered my questions during the Christmas holidays and over a couple of weekends. My next real estate deal will without a doubt be closed with Josh and 1st Metropolitan Mortgage. Thanks Josh! Semper Fi
- P. Dowdy, Chesapeake, VA
While searching for our home, we were introduced to Josh Perrington and were so grateful to him for his help. Josh made the whole "buying a house" ordeal very easy and such a smooth process. He went above and beyond what is required of him and came to our house after his normal work hours to discuss our options and helped to show us what would be best for us. He guided us through the entire process right up to closing day.
We would recommend Josh Perrington for any and all of your financial needs.
Josh, we thank you!
- David & Karen W., Roanoke, VA
Roanoke, VA
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