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Bossier City, LA

Louisiana 2012 Teacher of the Year - I am "almost" SPEECHLESS!

Louise Thaxton #6 in Nation for VA Loans 866-960-9115 VA FHA USDA Louisiana Loans: Loan Officer in Bossier City, LA

My almost "Speechless Sunday" with a photo of my daughter, April Giddens, who recently was named the Louisiana 2012 Teacher of the year! As a VERY proud mother, I just had to share.

One of the awards is the use of the 2012 Mercedes Benz you see here for one year. Also pictured are her children (and my grandchildren) Hannah, Timothy and Emma.

The Perfect Purchase Transaction.....It Is NOT the Impossible Dream! It Starts With a System

Louise Thaxton #6 in Nation for VA Loans 866-960-9115 VA FHA USDA Louisiana Loans: Loan Officer in Bossier City, LA

Have you ever dreamed about the Perfect Purchase Transaction? Close your eyes and think about it for a minute: Few inbound phone calls. Your cell phone rings with only new clients. Clients leave so ecstatic with your service that they hand you three names of people they know who are ready to sell their homes or want to buy in your area. You enjoy shorter workdays during the process because everything clicks. Okay, WAKE UP! The dream has ended.


Yet, that dream is possible. Although you work in an innately reactive business, it is possible to be proactive and stave off the reactive nature of day-to-day dealings. How? You must create a system. You need to take the time to think through each step of the process and ask yourself, "How can I make this better?" or "How can I take this reactive activity and be proactive to curtail it?"



Here's the key: Create the Perfect Purchase Transaction!


First, huddle with all of your team members, those individuals on your immediate staff and if possible, even some of your extended team - your lender, escrow officer, title representative, home inspector, handy man, home warranty representative, etc.



Next, on blank index cards note the steps that take place pertaining to any purchase. The first card would document the initial phone call or touch point. The last card could describe the note you send on the one-year anniversary since the transaction closed, congratulating your buyers on that memorable date.


Each of the middle cards should highlight and detail every contact required throughout the process to ensure the Perfect Purchase Transaction.

In the lower, right-hand corner of each index card, jot down the initials of the individual tasked with executing the particular activity. It would be helpful to conduct this meeting in a conference room with a table long enough to spread out the index cards for easy viewing. Create a snake of index cards, beginning with the first point of contact. As you sift through this snake and examine each index card, determine where any snags or breakdowns occur. Contemplate any ways to improve each interaction.

From there, separate the index cards into stacks, sorted by initials. Are any of the stacks top heavy? Do any of the stacks contain more activities than it's humanly possible to service at the level of professionalism needed to "WOW" a client? Do any cards in these stacks need to be redistributed? Can any cards be discarded?

This will help you visualize every point of contact and critical element of your Perfect Purchase Transaction process. Will EVERY purchase transaction be perfect? Will a system take ALL the stress out of real estate? Probably not.

But a consistent SYSTEM of operation helps to move your team and business toward the goal of EXCELLENCE. It also relieves a certain amount of stress normally suffered by your team and your client by removing the uncertainty of "what happens next?"

What system do YOU have in place for the Perfect Purchase Transaction?

Help! My Credit Score Just Dropped! What Does this Mean? Or.....U.S. Loses its AAA Rating From S &P - What Does THIS Mean?

Louise Thaxton #6 in Nation for VA Loans 866-960-9115 VA FHA USDA Louisiana Loans: Loan Officer in Bossier City, LA

More than once as a mortgage banker, I have had clients react with shock and disbelief when we share their credit score with them. "But I always pay my bills on time!" many will exclaim. To which we have to inform them the cold, hard truth - your credit score is determined by more than merely timely payments on your debt.

Your personal credit rating can also be "downgraded" when you max out your credit cards and you are making the minimum payments; when you apply for credit numerous times to various financial institutions; when it appears that you are living on borrowed money and borrowed time and from your financial activity it looks like you are a financial disaster just waiting to happen.


Many people were shocked and in disbelief with the news that the credit rating of the United States was downgraded by S & P. This has never happened before and many thought it would not happen at all. MarketWatch reported that the "powers that be" believed that our government and it's policy making has become "....less stable, less effective, and less predictable...." - hence the downgrade.



What will this mean for the housing market and mortgage interest rates? How will the stock market react? How will this affect potential home buyers and home sellers? In the days and weeks to come, I will be keeping you updated as the financial reports come in.

At this point, no one really knows. As I said, this has never happened before. I believe the question is not "WILL there be a price to pay?" but instead the question is "WHO will pay the price and how HIGH will it be?"

When an individual's credit score plummets, it means higher interest rates, more cash required for purchases, and in some cases, denial of credit altogether. I recently wrote a blog about Raising the Debt Ceiling for the Potential Home Buyer concerning hard choices, disciplines and fiscal responsibility. Now when a nation's credit score plummets......we have yet to realize the consequences.




I'm just wondering about this today and I would love your thoughts...... Do you think the downgrade of the U.S. AAA rating was justified? Or NOT?

Mark Your Calendar for Friday at 8:30 A.M. ET

Louise Thaxton #6 in Nation for VA Loans 866-960-9115 VA FHA USDA Louisiana Loans: Loan Officer in Bossier City, LA

At 8:30 AM ET Friday, the Bureau of Labor Statistics will release the July 2011 Non-Farm Payrolls report - the JOBS REPORT.


Mark it in your calendar.

If you've been watching mortgage rates
fall to new all-time lows this week and if you
or your clients fear a mortgage rate reversal, Friday, August 5, could be the day.

The safe move would be to lock your rate today. Rates COULD fall when the jobs report is released, but there's much more room for rates to RISE.

Breaking News - USDA Loans Will Have Monthly Mortgage Mortgage Insurance as of 10/01/2011

Louise Thaxton #6 in Nation for VA Loans 866-960-9115 VA FHA USDA Louisiana Loans: Loan Officer in Bossier City, LA

BREAKING NEWS- USDA Loans Will Have Monthly Mortgage Mortgage Insurance as of October 1, 2011.

For the first time in the history of USDA, the Single Housing Guaranteed Loan Program has Implemented an Annual Fee. The annual fee will be calculated based on the guaranteed loan amount and based on the average annual scheduled unpaid principal balance for the life of the loan.


Effective October 1, the upfront guarantee will decrease from 3.5% to 2% for purchase loans. The up-front guaranteed fee for refinance loan transaction will remain at 1 percent. In addition, an annual fee of .30 will be calculated when the loan is made and every 12 months thereafter until the loan is paid in full or no longer outstanding and the guarantee cancelled or expired.


This change will basically increase the monthly payment by $15.88 per $100,000. For example, on a $100,000 home with 6% interest, the principal and interest payment with 3.5% up front guarantee fee but no monthly fee would be $620.53.

With the new guidelines the upfront guarantee fee will decrease to 2% however the annual fee will be .30% - increasing the payment of principal, interest, and monthly fee to $636.41.


SO WHAT'S THE ACTION PLAN??
GET THE WORD OUT!!!!!

NOW is the time to purchase…. Rates are still low, USDA is a great program with Zero Down Payment required and until October 1, no monthly mortgage insurance or annual fee.

Wondering if your property qualifies? Check below:


Property Eligibility