Josh Perrington

...and he has come early this year!!

With CMG's Home Ownership Accelerator (HOA) being temporarily taken off the market, many financial planners & mortgage planners were/are at a complete loss. Recently I've had conversations with many of our referral partners and have heard comments like the following:

"Finally, we found an investment vehicle worth recommending...now it's gone!"

"It honestly feels like someone just pulled the rug out from under my clients...I can't believe the Accelerator is off the market!"

Before I bring Santa into the picture, let's recap what the Accelerator is & why it's so powerful:

In a nutshell... When attacking debt, or building equity, or going to war for that matter...doesn't it make sense to pull all of your available resources (that may be less productive in their current environment) together to focus on the common goal? That's exactly what the Home Ownership Accelerator has been able to do extraordinarily well. It allows a client to pull their checking account, savings accounts, and mortgage account into one large vehicle that's proven to be beyond effective. The majority of all of my clients who are now in the Accelerator are on track to pay their home of in roughly 5 yrs versus their old 30 year mortgage!! That's not common though and it just speaks to our clients financial backgrounds. The nationwide average is having clients payoff in less than 13 yrs...still phenomenal!

- Your income lowers your monthly balance.
- The lower balance saves you interest.
- The saved interest becomes extra principal payment.
- This further lowers your balance, saving more interest.
- This frees up even more money to reduce principal.
- This cycle repeats itself each month, compounding your interest savings
and accelerating the reduction of your debt.

Sounds great right? Unless you remember reading earlier that HOA is now off the market! THIS IS WHERE SANTA COMES IN!!!

We received word a few weeks ago that HOA is temporarily off the market...so what happens to my clients and all of the other clients who were in process? Santa has come early and he's brought gifts!! The biggest gift (everyone wants the biggest present 1^st) is called "Ensemble". Ensemble acts, feels, and operates just like HOA!! The best part...the investment is no where near that of the HOA!

In recent weeks, HOA was requiring clients to invest upwards of 5% of the loan amount...that's correct..5%! Let's do the math, on a loan amount of $250,000...that's $12,500 in discount point & origination our clients would need to pay! Look, I love HOA, but how long will it take an average client to recoup that $12,500 in equity or principle reduction?!?!?

Ensemble, in many cases, requires $0 towards discount/origination & even if it requires 1% - it would STILL save the client $10,000 in closing costs that can now go DIRECTLY towards principle!!

So...why bring Santa into the picture? Because Ensemble is truly a gift in today's economy or, at least, how that economy is being perceived. With this gift, we now have the opportunity to help out clients nationwide be able to...

- BUILD EQUITY FASTER

- TRULY BECOME DEBT FREE

- INCREASE INVESTMENT OPTIONS

and...NOT HAVE TO CHARGE MORE, JUST TO SHOW THEM HOW TO PAY IT OFF!

There's more to come, but if you would like info faster - click here - I would love to hear from you!

All the best!

Josh Perrington

1^st Metropolitan Mortgage

Roanoke, VA

540.904.0842

As the real estate industry contracts, to survive you need to add more value to your client relationships than the next agent. To do that, you need to deeply understand the challenges your clients face, and be the first agent to present new ideas to your clients that may offer them real value.

One area that clients struggle with is building equity.

They want to extract equity to make further investments, but struggle to find extra cash monthly for extra principal payments. Or, they want to get their primary home paid off in time to retire free-and-clear. (Baby Boomers, in particular, are starting to wake up to the fact that they have to have a better strategy for taking control of their home financing to pay it off on their retirement schedule, not the lender's.) Either way, they need help achieving their goals. So, add value to your relationships by introducing clients to new financing tools that help build equity more aggressively, without straining their personal finances.

The most interesting product to date that helps accelerate equity build-up is the Home Ownership Accelerator^®, a loan that combines a fully-functional checking account with a first-position line-of-credit. This innovative combination allows the client to flow all of their monthly cash flow against their own loan balance instead of lending it to the bank. Doing this saves interest charges, which become extra principal reduction. Compound these savings each month, and the client can significantly accelerate their loan pay-off, often by as much as twenty years!

A recent article in The New York Times noted the arrival of loans like the Home Ownership Accelerator as a viable financing alternative.

"For borrowers who cannot face the prospect of paying more interest than principal over the course of a loan, mortgage lenders have begun to offer alternatives more aggressively. (Lenders) have unveiled mortgage products in the past year that allow borrowers with good credit and above-average incomes to accelerate their payoff schedule and reduce their overall interest liability, all without increasing their monthly mortgage payment.

''These aren't for everyone,'' said Tom LaMalfa, founding partner of Wholesale Access Research and Consulting, a financial industry consulting firm based in Columbia, Md. ''But for those who are reasonably affluent and good savers, it makes a good deal of sense and reduces the overall loan cost.''

Doing the right thing by your clients will pay off for you, too. A paid-down loan means more available equity for new real estate purchases. A paid-off loan creates a happy client willing to send more referrals. Keep your clients on the cutting edge of home financing. Introduce them to products like the Home Ownership Accelerator.

Please feel free to call/email & let's set up a conference call to talk about other options now available. Specializing in Virginia, Tennessee, California, Florida, & North Carolina...

Josh Perrington - 1^st Metropolitan Mortgage | Roanoke, VA

Josh@1st-Metropolitan.com | www.1st-Metropolitan.com | Direct: 540.904.0842

Many of you may have heard about the 203k FHA Renovation Loan, but few have actually decided to dive in with both feet. NOW is the time to start implementing the 203k into your proposals... Here's a scenario:

Realtors: Here's the problem... Have a listing that needs improvements AND the Sellers can't afford to invest in making those improvements? This causes the listing to sit for possibly months & may even be the cause for the property not showing as well. Most Buyers aren't willing (or are unable) to invest money from their savings to improve the property after closing.

BEFORE AFTER

Solution: With a 203k loan, the Buyers can now roll the costs of those improvements into their offer & have them financed...requiring ONLY the 3% minimum FHA down-payment!! IT GETS BETTER! Have a Buyer who doesn't have the 3% down-payment? IT CAN BE GIFTED...essentially allowing the Buyer to enter & close without investment on their part!! Now...here's an even better point...the loan closes (and you get PAID!) PRIOR to the improvements being complete! Would you agree that this opens a world of possibilities for your Buyers & Listing now?

There's never been a better time for you to prove your value and market awareness to your clients. If you need help understanding the process, I will be posting a much lengthier explanation and "tutorial" soon or - feel free to email or call & I'll walk you through.

Don't let it be intimidating - spend a few hours in research & development & your clients will forever thank you!

Josh Perrington

1st Metropolitan Mortgage | FHA 203k Renovation Consultant

2762 Electric Rd, Suite E | Roanoke, VA 24018

Josh@1st-Metropolitan.com | www.1st-Metropolitan.com | 540.904.0842

I've had the pleasure of using TG Electrical Services in the past & was impressed with Travis's experience and advice. All too often, it's hard to find an Electrician you can trust in the Roanoke, VA area & it's nice to have someone now to rely on...instead of frantically flipping through the Yellow Pages and picking the one with the prettiest ad. (Come on, we've all done that!)

Travis issued the following letter to all of his past clients & I wanted to take a moment to pass along... Enjoy!

In the recent week, many homes in the Roanoke, VA area lost power for up to six days. Lose of power contributes to lose of heat, food, hot water, and generally the way of life you and your family are accustomed.

This problem can easily be resolved for future power outages. Let me share with you how this can be accomplished. Contact T.G. Electrical for a free in home consultation on the benefits of installing a Back Up Generator System. Generators keep power on when there is an outage, so the comforts of your home remain intact.

Call us and we will advise you and your family on size and features of the generator that is right for your home.

DON'T BE LEFT IN THE DARK, AGAIN! T.G. Electrical also offers a wide variety of home electrical repairs and maintenance.

Call now and take advantage of 20% off your next electrical job. (New customers only) Offer Expires 4/31/08

Sincerely, Travis L. Gaylor T.G. Electrical Services L.L.C. 540-580-2940

travisgaylor@yahoo.com www.tgelectricalservices.servicemagicpro.com

Provided by: Josh Perrington, Gateway Mortgage Group Roanoke, VA

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