Todd Duncan Joins Prospect Mortgage as Chief Performance Officer
We’re excited to announce that Todd Duncan, a renowned motivational speaker, sales trainer and best-selling author, has joined Prospect Mortgage as Chief Performance Officer to lead a comprehensive sales, leadership and time management training program designed to drive our national sales team to the highest performance level in the mortgage industry.
Todd's arrival is part of an ongoing commitment to establish an unprecedented level of excellence and service that will greatly benefit our business partners and their clients.
Todd Duncan brings 20 years experience as a mortgage industry sales trainer and motivational speaker to Prospect Mortgage. The author of seven sales performance, self-improvement and time management books, including two New York Times bestsellers (High Trust Selling and Time Traps), Duncan is widely considered the leading authority on relationship-based selling skills for sales professionals.
“Prospect’s Executive Leadership team has a highly successful track record of driving purchase-loan origination business for over 25 years,” said Duncan. “They only want the best and brightest on their team to fulfill a very ambitious goal of being the nation’s number one lender. I am proud and excited to be a part of that effort.”
Prospect is one of the nation’s largest independent residential retail lenders. We are backed by Sterling Partners, a $4 billion Chicago-based private equity firm with a highly successful record of cultivating world-class companies for 25 years.
Prospect is committed to my success, and I am committed to serving your clients’ real estate financing needs with the highest level of professionalism and expertise.
Thanks for taking interest and reading this exciting news!
Julie Chroust
Prospect Mortgage
6601 Owens Drive, Ste. 155
Pleasanton, CA 94588
(925) 516-5808 Direct
(925) 516-7555 fax
When showing your clients a home that needs repair, give them some information on our Federal Housing Administration (FHA) 203(k) renovation loans. These loans are perfect for a bargain hunter who has spotted a fixer-upper or a foreclosure in need of immediate repair, or a client who has found a home that would be ideal if only there were a third bedroom and a second bathroom.
Our renovation loans provide the money to both purchase the home and finance the home’s renovation. With one loan, there is only one application, one set of fees, one closing and one monthly payment. At closing, the house is paid for, and the repair money is put into a special account for disbursement as repairs are completed. Improvements can include anything that adds value to the home, such as a room addition, new carpeting, landscaping, plumbing, roofing or a new kitchen. The loan can also be used for energy-efficiency improvements that qualify for tax credits* under the new stimulus package.
Another great advantage of a renovation loan is that it provides borrowers a loan based on the increased property value after renovation. But that’s not the only financial upside. The required down payment on a renovation loan can be as low as 3.5%. As a tax deductible first mortgage, the renovation loan will usually feature a lower interest rate than a second mortgage and improvement costs can be spread over the term of the loan. This can prove a bargain because many buyers finance improvements with more expensive consumer credit. Also, the loan can provide financing for up to six months of mortgage payments if the house is not occupied during construction.
Just knowing about our renovation loans may make the vital difference to motivate buyers to purchase. Give me a call today to learn more about how I can advise your clients on the right loan for their needs!
*Always consult your tax advisor for tax information and advice.
Julie Chroust
Direct: 925-516-5809
 |
||||||||||||||||||||||||||||||||
Chet Rance-Caballero with Intero Real Estate and Julie Chroust with Prospect Mortgage have combined forces in a newly formed strategic relationship with a licensed real estate company, Home Buyers Marketing II, Inc. (HBM II). HBM II provides area homebuyers with an innovative and FREE home finding service called the Home Buyers Scouting Report®. The Home Buyers Scouting Report® matches your personal home search criteria with properties that are currently listed for sale and in your price range. Online...available 24 hours a day! At your convenience, login to HBM II’s private, password-protected website to view the listings that meet your home search criteria with pictures, prices, addresses, directions, maps and more!* You can specify a particular school, lot size, almost any amenity you want and get just those listings that are in your price range. While online, you can save your favorite properties to a notebook for easy reference and to receive updated information on those properties. Can’t find your favorite? You can change your personal search criteria to include additional neighborhoods and home styles. If you are interested in a specific property you have driven by, simply type in the address and view information about that property. With the Home Buyers Scouting Report® you can receive daily updates on new listings as they become available! Be the first buyer to see a new property. Many busy homebuyers have heard about a great property only to find that it had already been sold. There is no obligation. Using the Home Buyers Scouting Report® will allow you to get a real sense of the current housing market in the privacy of your own home. Whether you are looking to buy a new home soon or just thinking about new home possibilities, we believe this is the best home finding service available and as a preferred customer, we would like you to know about it. For more information about receiving this FREE home finding service, call today. We look forward to hearing from you. Chet Rance-Caballero and Julie Chroust |
||||||||||||||||||||||||||||||||
|
*In some markets not all of the listings are available because of local rules and regulations. Address, mapping & other property information restrictions apply in some markets.
The Real Estate Agent and Home Buyers Marketing II, Inc. (HBM II) are cooperating licensed real estate professionals. The Real Estate Agent is neither an agent nor a broker for HBM II, but works cooperatively with HBM II to assist in your home scouting efforts.
The Preferred Loan Officer’s role is to assist in determining a comfortable monthly payment and price range for Home Buyers Marketing II, Inc. (HBM II) to use when it is searching for properties within your search criteria. The Preferred Loan Officer is neither an employee of HBM II, nor the provider of the Home Buyers Scouting Report® (HBSR).
The Home Buyers Scouting Report® (HBSR) is a free home finding service of Home Buyers Marketing II, Inc. (HBM II) a licensed real estate company. HBM II provides the Report directly to homebuyers through a secure, password-protected online service.
© Copyright 2003, Home Buyers Marketing II, Inc.
How to Lower Your Property Taxes
Because your property tax is directly related to the value of your home, you have an opportunity to lower your property taxes* if your community has experienced declines in real estate values.
County authorities determine the taxation on a given property by multiplying the property tax rate by the property value. For example, if your home value is $800,000 and the property tax rate is 1%, then your property tax bill is $8,000 annually.
If market conditions have resulted in a decline in the value of your home, it is your right to have your property reassessed and to lower your tax rate. Your county will not initiate this process for you; you need to submit a proposal to your county tax assessor. The process takes between 30 and 45 days. Two methods are available to you:
Although there are several steps involved in getting your tax rate reassessed, many homeowners have saved thousands of tax dollars annually by pursuing a reassessment.
*Always consult your tax advisor for tax information and advice.
Call me if you have questions,
Julie Chroust
(925) 516-5809
In this market you'll often find the location of your dreams, but the house leaves you feeling sick inside. You wouldn't or couldn't see youself living in such a place... but the view... the view is amazing!
FHA offers the 203(k) Renovation loan to solve this problem. Here is what is offered:
FHA 203(k) Rehabilitation Home Mortgage loans are used to Purchase or Refinance and rehabilitate an existing One to Four family residences (Residence must be 1 year old) that will be used for residential purposes. FHA approved Condos are eligible as well.
Unlike FHA's Renovation Loan, Conforming loans a lender will not release mortgage proceeds unless the condition and value of the property provide adequate loan security and, therefore, will require completion of any rehabilitation before closing the mortgage. The 203(k) program is intended to help a purchase/refinance a house in need of repair or modernization without having to get a high-interest interim loan to purchase the dwelling and to do the rehabilitation construction and then secure permanent financing when the work is completed to pay off the interim loans.
A homeowner who purchased a property with cash can refinance the property using a 203(k) loan within six months of purchase, just as if he had originally purchased the property with a 203(k) loan, and receive cash back, less any down payment and closing cost requirement for the 203(k) loan.
Eligible improvements include items such as structural alterations, additions, reconstruction, remodeling, new siding, plumbing, painting, decking, heating, air conditioning, electrical systems, roofing, flooring, carpeting, energy conservation improvements and major landscape work and pool repair.
In some cases the mortgage requires both an appraisal on the as-is value of the property and an appraisal on the estimated market value when the work is complete. The minimum investment, mortgage term and MIP( mortgage insurance Premium) are the same as under the FHA Purchase program (96.5% LTV). The mortgage amount may include funds for the purchase of the property or the refinance of existing indebtedness, the costs incidental to closing the transaction and the completion of the proposed rehabilitation.
203(k) maximum Loan amount is the lower of the following:
- The as-is value, if appraised, or the contract sales price, plus the cost of repairs and improvements; or
- The existing debt on a refinance plus the repair costs.
A 203(k) begins when mortgage proceeds allocated for the rehabilitation are placed into a rehabilitation escrow account. Proceeds allocated for the purchase of the property will be released, while those for the rehabilitation will be escrowed in an interest-bearing rehabilitation escrow account, to be released in draws as work progresses. Inspections of the work are performed by HUD-approved fee inspectors. A 10% holdback is required on each release from the rehabilitation escrow account.
Go from falling down to...................................... your dream home!
For question or scenarios, I invite you to call me....
Julie Chroust
925-516-5809
 |
|
|
Preferred Lender for Fannie Mae's Homepath REO Loan - lending in all 50 states. We strive to provide the finest experience in the business and to continuously provide the best in mortgage services.
Julie searches the market for all possible financing scenarios, seeking highly competitive financing for the first time home buyer to the multi-million dollar investor. Underwriting, drawing documents and funding "in-house" for escrows that close "on time", every time.
Julie joined Prospect Mortgage, with a commitment and a strong desire to always do what is right for her clients. She is committed to exceeding your expectations during and after your mortgage loan experience. With a wide range of programs, she will ensure that you will always obtain the loan that is just right for you, addressing your specific financial needs while delivering quality service and honesty.
In October of 2002, Julie took her business to a whole new level, she conducts business as a "By-Referral-Only" Mortgage Consultant. What this means is that she invests 100% of her time delivering 1st class service to her clients. As a result, her valued customers, suppliers, and friends refer their family members, co-workers, neighbors and other people they know to her for advice when getting a home loan. She is interested in building strong, life-long relationships one person at a time. Julie has developed an exclusive program, Road to Wealth, in which she has deliberately focused on serving the financial needs of those who want to make the most of owning a home and using their mortgage as a financial tool rather than an obligation. She is insightful and compassionate to the needs of each client.
"In addition to working as a mortgage consultant, I devote energy to my beautiful son- Ridge, my twins- Gage and Marki Lynn and my wonderful husband, Mark as well as continuing my education. I believe a well balanced life is a state of well-being that you can reach that allows you to manage effectively multiple responsibilities in your career, your family, your physical health, and your spirituality".
- Julie
Amelia Vornhagen - "Phenomenal Mortgage Professional"-That's Julie Chroust. Julie not only has the necessary work ethic and industry knowledge that should be required of all mortgage personnel, but she has the integrity and care necessary to guide and help protect her clients and their future investments.
Juanita Mims - Julie has become a friend over the 5 years that I have known her. She helped me with a re-finance that took over 3 years to complete due to some personal problems that I had. She has always been professional and courteous each time that I had questions and concerns. I would highly recommend her services to anyone who needs to purchase a home or re-finance an existing loan.
Donnie Rath - In my experiences in working with Julie, she treats her clients and business partners with honesty, respect, and integrity. Her clients always have good things to say about their experiences in working with her.
Greta Gissel - Julie is the hardest working woman I know. She is extremely knowledgeable, courteous, conscientious and always willing to go the extra mile for a client. She exemplifies what a person would want in a mortgage expert. She is honest, and has incredible integrity. Julie is not only a wonderful person to work with, but she is a strong and incredibly amazing person. I am a better person from knowing her.
Bruce Burrows - Julie displays the highest level of integrity and professionalism; always putting her clients first and researches her industry constantly. And, she's a very nice person.
Austin Butler - I truly think Julie is a very honest and wonderful person. She is also a very hard worker, who is very adaptable at what she does. Any job she takes on she gives it her best.
Sam Mahshi - In this day and age of mortgage financing, it is pertinent to seek honesty and integrity in a loan consultant. She offers a wealth of knowledge and experience in real estate lending. Julie exceeds expectations as a consultant in providing current information and great service overall.
Rose Cortes - Seriously, Julie was amazing, patient and just so supportive during the whole process of refinancing. I can't thank her enough for what she has done for me. She is a wonderful loan officer. Words are just not enough to describe how kind she was and how efficient she was and the service she provided.
Chet Caballero - Julie Chroust is what we need in the real estate & financing business. She is trustworthy, professional & knowledgeable in her field of work.
Casey Minister - Julie made the home-buying experience much less stressful. She was very knowledgeable and always returned our calls and emails very quickly. She is honest, straightforward and she also got us a great loan. Thanks Julie!
Chris Lince - Julie stands out in the mortgage industry as one of the most knowledgeable and honest individuals I know. She keeps herself educated and up to date with all the changes in the mortgage industry. She consistently communicates with all parties in the transaction so no one is ever left out or wondering what is going on. Julie Chroust takes her career very seriously, as this is one of the largest investments people make in their lives. She works long and hard to make sure she delivers all the information properly so her clients can make the best financial decision for themselves.
She is absolutely the best Loan Consultant I know.
Marjorie Birky - I have been fortunate to have worked with Julie for several years. She is one of the hardest working women I know, and I have a tremendous amount of respect for her. Julie is a beautiful person inside and out. Three words to describe her way of doing business, and the only way she knows how, with Integrity, efficiency and honesty.
Zach Chop - She was very helpful and extremely professional. She made the entire loan process understandable and easy. She encouraged questions and her attentiveness to our needs was well known.
Zipporah Andrews - Julie is a true professional in her business. She looks out for what is best for her clients and continually educates herself and her clients. Julie is honest and has strong integrity.
Shiela Davis - Juile is hard working professional in her lline of work, with a lot of knowledge in the Mortgage industry. She is very willing to answer any questions for you or your clients. Even if there is no benefit to herself. She has many years in this feild and I would highly recommend her to any of my friends and family.
Ed Jeffry - I've known Julie for just under a year now and I would endorse her as an honest person of the highest integrity.
Julie Chroust is proud to have served family, friends, and neighbors throughout California for more than 8 years. Julie is firmly rooted in the area and is committed to maintaining the community-oriented culture. Julie takes a personal interest in each of her clients, striving to truly understand their needs and goals, and to exceed their expectations.
With combined real estate and mortgage experience, Julie strives to exceed your expectations, to be worthy of your trust, and to earn your repeat and referral business.
Julie has the advantage of offering a wide range of loan programs to customers: Fannie Mae Loans, Freddie Mac Loans, FHA Loans, FHA Renovation Loans, Veterans’ Administration (VA) Loans. CalPers, CalSters, CalHFA and Fannie Mae's HomePath REO loans.
Julie is a mortgage leader because Prospect Mortgage is a mortgage banker, in addition to being brokers. With Prospect Mortgage, you're working directly with the bank so you'll experience streamlined processes, instant access to the best rates and loan programs, the fastest turnaround time possible, timely communication and warm personalized service.
Julie specializes in First Time Home Buyer Programs such as the Homeownership Program through the California Housing Finance Agency. The mission of Homeownership Program is to provide affordable housing opportunities by offering below market interest rate mortgage programs to very low-to-moderate income first-time homebuyers. There are several unique features and programs offered which may fit the need of the prospective buyer.
DOWN PAYMENT ASSISTANCE LOAN PROGRAMS
Julie is also the leading provider of mortgage services for individuals seeking a residential mortgage, and Prospect Mortgage is an exceptional company for qualified mortgage loan professionals seeking a professional office in which to succeed.
Julie knows what it takes to be a successful leading mortgage banker and broker, and she passionately and consistently does what it takes. In addition to her strong commitment to the communities she serves, she delivers superior service throughout all phases of the mortgage process, creating exceptionally satisfied customers and successful industry professional partners in the process.
Prospect Mortgage lending in all 50 states.
Only Prospect Mortgage customers benefit from
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
© 2009 ActiveRain Corp. All Rights Reserved
