Here is the first part of a series of commercials I am working on for myself, and my company. What do you all think?
http://www.vimeo.com/4566228
Rates are really great right now. Here is my rate update that I posted on my blog, www.JakePlanton.com/blog:
There are so many factors on EVERY loan that it can be dangerous to quote. Keep in mind that rates can change hourly on busy days, so this is just a snap shot in time. I want to try and show you how things are moving through each day. Here are the factors I will be quoting:
Purchase, 20% down, owner occupied, single family residence, full documentation, 740 Fico score, $325,000 purchase price, and a loan amount of $260,000, taxes and insurance as part of monthly payment, 21 day lock. (If any one of these factors are different, it COULD change the below rates. This is just a barometer of the current rates).
30 Year Fixed with 1.250% in origination fee : 4.5% (APR 4.670%) ~ Priced 0% in origination fee: 4.875% (APR 4.946%).
For loans that are at $417,000+, interest rates/guidelines are tighter. Here is one of the best priced 30 year fixed rates out there:
Purchase, 20% down, owner occupied, SFR, full documentation, 740 FICO+, loan amount of $500,000.
30 year fixed with 1% in origination fee: 5.750% (APR 5.895%)
7/1 ARM- (different lender than 30 year fixed) with 1% origination fee, 5.60% (APR 5.743%)
3/1 Arm- with 1% origination, 4.250% (APR 4.377%)
ALL mortgage professionals are REQUIRED by LAW to report APR. If you do not see APR, they are doing something illegal. HOWEVER, APR is something that can be calculated differently depending on the lending institution. Rose City’s APR guidelines are copied straight from the state of Oregon. The real way to compare lenders is to look at RATE and ORIGINATION fee, from the two lenders, on the same day, at the same HOUR . Keep that ALL in mind.
Keep in mind that I will compete for YOUR business, and I would love to compete!
Every time I tell people how great of a place it is that I work at, they are always wondering why do I say that? What makes it so great?
There are lots of reasons why Rose City Mortgage is such a great place to work. It was all re-affirmed, though, this past Thursday evening. At the Oregon Business Magazines annual 'best places to work' dinner, Rose City Mortgage took home the award for the best place to work in Oregon. I could give you a ton of reasons why we won, but this article does it all for me~
http://www.oregonbusiness.com/.docs/action/detail/rid/35835/pg/10003
I sent this email out yesterday to my realtor partners. Lots of changes coming down the line. If you want more info on the loan modification aspect of this, let me know!
Here is my new ad:
I am really excited about it, and my Internet traffic went up when I put it on the car. (it says jakeplanton.com, lending specialist). We will see if this is just a strange phenom, or if it will be a lasting thing. We will see.
The reason for this post is not for the ad though, but for what it says. I did not realize that 'lending specialist' could be taken in so many different ways. My boss came to me and said that I should set myself up to be an expert on ALL lending, not just home lending. She says that I should do some research on SBA loans, on car loans, etc., and make it so I am THE expert on it.
I do not know how that might work (any advice would be great) but we are all trying to find new ways to market ourselves, and this might be just another niche to dive into. What do people think? Anyone have any advice on this topic?
Thanks for any Advice!
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