Have you ever wondered what to get your client that would make for a great closing gift? We have one idea, and you won't have to spend anything. It is a feature included with your ePropertySites.com account!
Now you can make it easy for your clients to announce to their friends and family they have moved, with 'Broadcast my Move' on ePropertySites.
This takes no more than 5 minutes to complete. Once done you just send the link to your client so they can share this on Facebook and Twitter, this is how you not only represent your client, but also brand yourself because your name will be seen anytime someone views the page!
Click Here to see a wonderful example of how 'Broadcast My Move' can help your clients.
Call us today if you have any questions on this feature or any others offered with your ePropertySites account. We look forward to being an asset to your business and thank you for thinking of us for all your mortgage needs.
Thank you!
--Rhett Laufenburger and the BuyorRefi Team.
FHA flips and what you need to know
Click here to see the original waiver.
This means that buyers may use FHA financing to purchase a home that was previously purchased by the seller within the past 90 days. Before this waiver an FHA purchaser was required to wait until the seller had owned the property for at least 90 days.
Summary of the waiver:
All transactions must be arms-length, with no identity of interest between the buyer and seller or other parties participating in the sales transaction. The lender is looking for the following:
Seller holds title to the property
LLC’s, corporations or trusts that are serving as sellers were established in accordance to the law
NO pattern of previous flipping as evidenced by multiple title transfer in the last 12 months (this is a big one to look out for)
Property was marketed open and fair
In cases where the sales price of the property is 20% or more above the seller’s acquisition cost, the waiver will only apply if the lender follows these criteria:
Justify the increase with supporting documentation and/or a second appraisal (2nd appraisal cannot be paid for by the borrower)
A property inspection must be ordered by the lender and the inspector can’t have an interest in the property or relationship with the seller. The cost can be passed onto the borrower at closing.
The property inspection will be reviewed by the Mortgage Underwriter and repairs may be requested. (Underwriter is primarily looking for health and safety issues)
Please note that if the sales price of the property is less than 20% above the seller’s acquisition cost the above does not apply.
If you need help or would like a Free mortgage Pre-Qualification please click here
|
|
|
This Week; after last week’s increase in rates this week has a lot of potential impact on rates. Treasury will auction $99B of notes ($35B 2 yrs on Tuesday, $35B of 5 yrs on Wednesday, and $29B of 7 yr notes on Thursday). Tuesday night the State of the Union address to Congress. Wednesday the conclusion of the FOMC meeting. Friday the first look at Q4 GDP. Mixed in all of it, a few key economic reports. Technically, the 10yr treasury has broken its key averages at 2.02%, the MBS market also has moved below its 20 day average on the price, but still is holding its longer term 40 day average.
The FOMC meeting won’t likely have any new policy implications; the Fed will continue to keep the FF rate at 0.0% to 0.25% as Bernanke indicated months ago. We are not looking for another QE from the Fed; Europe for the moment has stabilized somewhat and the US economy is likely to have grown 3.1% in Q4. Europe’s impact on US markets has lessened recently with Italy and Spain able to auction debt at better rates than two months ago. The debt problems however, are far from being over, it will continue to be a factor throughout this year and at times roil US markets. We are looking for flat markets early this week. |
|
|
|
|
|
This week; interest rates are likely to increase a little after two weeks of improvement mostly on safety moves over the holidays. Nothing out of Europe in that time frame, now that the holidays and New year are behind look for renewed comments out of the region. Europe's financial system woes and debt fears still have not been resolved and likely won't be fro many months. The situation has plagued global markets for months; concerns of bank failure contagion and the potential of dragging the US and other economies back into recession have kept US interest rates low and the equity markets quite volatile. Those factors may be lessening, markets have become less fearful of recession and financial system contagion.
This week is employment week; Friday Dec employment data is expected to show the unemployment at 8.7% up 0.1% frm Nov; non-farm jobs +150K and private job growth at +170K. The stock market will likely set the tone for interest rates, Monday should be an up day for the key indexes with bond and mortgage prices weaker as traders unwind those insurance trades through the holidays. Another reminder; the 10 yr has exhibited difficulty holding below 2.00%; it is more likely rates will increase a little than decline this week. |
We are a full service direct lender, which allows us to provide services and turn times which are "optimized" to individual need, regardless of income, financial liquidity, or special circumstances.
Get "Smart Letterhead" like this.
We have been a leader in the mortgage industry since 2000 because we understand our customer's goals and execute excellent customer service. We are in business not only to meet your financial goals but also develop personal relationships.
On personal note, I have a supportive wife, Kimberly, daughter Asher,11, and son Kevin,9 and the newest addition Parker born April 7th 2010. We live in Sun City, AZ and enjoy bike rides, swimming, reading, and anything in the back yard. Although being from Minnesota I love the Arziona Cardinals. I am a Platnium Affiliate member of WEMAR (West Maricopa County Regional Association of Realtors). I believe the key to success is giving education and serving in your community. Offering the most competative price comes natural with our service beliefs.
As scary as it may be to purchase a new home, Rhett Laufenburger made it a fun and exciting process. He gets the job done quickly and in an efficient manner. He is excellent at communicating and is an all around fun and wonderful guy. I would recommend him to anyone!
Danielle and Tristan Douglas
Please tell Priscilla and Sophia thanks for everything. They are awesome at what they do and are very sweet.
Danielle Douglas
Receptionist
West Maricopa County Regional Association of REALTORS®
Rhett: I won't make this too long although I could go on and on about what a great experience I've had with you and your assistant Sophia purchasing my new home. This is my 15th or so real estate transaction and it was, by far, the easiest one even in these very difficult times. You were honest and amazingly accurate in estimating my costs. You did exactly what you said you would do - there were no surprises and I find that incredible.
I abhor business people who are too busy to answer the phone or return calls or emails promptly. You and Sophia are exceptional: it did not matter when I called or emailed, someone was back to me almost immediately, even on the weekends. Astonishing customer service! You took such good care of me from start to finish -- every aspect of this process was seamless and a pleasure! Can you imagine saying that about a mortgage company! Thank you so much and I will be back!
Liz Robbins Sun City, AZ
Dear Friend, Hi my name is Denise Banks; I am a 54 yr old African American woman, who just happens to be a first time home buyer! As a matter of fact, I am the first in my family to buy a home. I would never have thought in a million years that this dream would ever come true, but it has, and I owe it all too a few things in my life:
To make a long story short, while reading through the Sunday paper, I ran across an article about a first time home buyer seminar that was being held in the city of Surprise. It was free, and I thought "why not, it's not costing me anything, just time." Well, I went to that seminar and it was one of the best things that have happened to me in a long time. The Mortgage Advisor, Rhett Laufenburger, gave me information on the credit report and buying a home. The seminar was inspirational! I called Rhett the following day and told him I was tired of renting and wanted to buy a house. His reply was "ok let's make this happen for you Denise." Needless to say there was a small obstacle along the way with people losing their jobs and the cut back in hours, but Rhett never gave up on my dream. Rhett helped me close on my first home May 17. Thank You Rhett for believing and never giving up, you are a Godsend. P.S. Go Giants Sincerely, your client and friend Denise Banks
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
