I enjoyed the time that I spent working at Lake City Mortgage. I was there for 14 months and I was able to help a lot of people during that time. However in light of the current economic times with homes sales on the decline and foreclosures on the rise I have decided to take another direction.
I am now working for a company named National Modification Agency. I am doing modificaitions instead of mortgage origination. There are a couple of factors that led me to this line of work instead of continuing on down the same path that I was on.
First; I am still able to help people! I can really help someone by allowing them to avoid foreclosure and stay in their home, lowering their adjustable high interest rate mortgage into a low fix rate mortgage saving them money every month, and by doing all of this for less than it would otherwise cost just to pay arrears and stem the foreclosure process.
I just began this line of work and so far everyone whom I've worked with has been very happy with the final outcome. I look forward to helping many more people! If you know anyone who is in foreclosure or is having a hard time making payments on their adjustable rate mortgage I am happy to provide my assistance. Consulation is free, there is no obligation, and I do not charge an application fee.
OK, NOW THAT THE FEDERAL GOVERNMENT IS BACKING JUST ABOUT EVERY MORTGAGE LOAN PRODUCT KNOW TO MAN WHY IS IT THAT MY CLIENTS STILL NEED TO PAY FOR AN ADDITIONAL INSURANCE AGAINST DEFAULT?
The Federal Government is now guaranteeing the performance of Fannie & Freddie... If borrowers default, thats ok. The originating lender, servicing lender, or purchaser of that debt will not lose a thing because Uncle Sam's hand is firmly in place to help steady the imbalance.
So, why do our clients all have to pay an additional premium to a company that is essentially doing nothing. It like the loans are now doubly insured!!
Of course I imagine that the PMI companies will help the government recoup some of their loss... But ultimately it is our tax money insuring these loans.
Yesterdays bailout puts us one step closer to socialism...
This bailout was not really required because Fannie & Freddie both had the required capital reserves. They lost around 17 billion... but WaMu lost 19 billion. Losing money is not a prerequisite for taking control over a company; if it were the government would've seized many more companies by now.
in the short term this will be good for mortgage interest rates and ultimately the housing market. In the long term this is going to wreak havoc on our financial system and economy as a whole. The FED is going to start printing money to cover losses and to make cash infusions, the value of our dollar once again is going to plummet, and investors are going to turn to oil again as a hedge against inflation. The cost of gasonline will soar and we will be in the same type of mess that we are in now except that it will be deeper and take longer to recover from.
We have an amazing new loan program here at Lake City Mortgage that is sure to help a lot of people. To my knowledge we are the only mortgage company in the area offering anything like it. 100% conventional financing has completely gone away which is why I am so thrilled to be able to offer The Lake City Home Express!
Here Are a Few of The Highlights:
This program is limited to Sub-Urban and Rural areas. Lake City Mortgage and I are located in Plattsburgh, NY 12901. While we cannot close the Lake City Home Express directly in the city of Plattsburgh we can provide this financing for any property located in the sub-urban and rural areas that surround Plattsburgh, NY including Cumberland Head.
This program is viable in many regions of the North Country including:
And any other region in NY, RI, and MA that has a population of 20,000 or less. I am very excited to be able to offer this program. To get pre-qualified for this program just give me a call at 1-866-562-6930 ext.105
or send me an email at cohlsen@lakecitymtg.com.
We also have a full suite of conventional financing options for ineligible areas and FHA in-house. We basically run the Full Gambit here at Lake City Mortgage so give us a shot today! I promise you that it is worth the call!
Sincerely,
Christopher Ohlsen
Mortgage Advisor
1-866-562-6930 ext.105
1-518-907-4665 (cell)
1-518-324-3358 (fax)
www.lakecitymtg.net
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Note to Reader: This is a Co-Marketing Project betweeen myself and the listing agent. The listing agent on this property is Kathy Bennett of RE/Max North Country. Kathy can be reached directly at 518-569-5959. Thank you for your interest in this property.
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I love the Adirondacks. The homes really get me excited. I am thrilled to be an integral part of the Adirondacks Real Estate scene. I'm your Adirondacks Mortgage Specialist; I'm always happy to help!
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