Jason Sardi, Pennsylvania Mortgage Broker

In the spirit of times when policy reaches out to the public, where politics try to give hope and transformation to its people, there lies a very important aspect that not many at any convention you are watching or studying... truly understands. It deals with our homes, our land, and part of the backbone of our very economy. I'm lucky enough to be involved. I'm honored enough to be able to impact and to help. I dare say that I'm the right person in my area to do my part, to do this job. My name is Jason Sardi and I am Mortgage Broker. (reciting that in the mirror each morning has a delightful way of waking up my sleepy behind)

I'll try to make the context brief, realizing attention spans are a tad short and you folks have better things to do... like concentrate on you. Home-ownership is a vital part of the American Dream so often mentioned, sometimes very loosely. I'll simply outline my qualifications and you can decide. If that sounds fair... here we go:

Some folks are hungry to get their mortgage loan closed. Yet, they are lost in the dark ides of what is needed to make that happen. Folks think that it is entirely up to the lender or broker or bank they are working with. That holds some semblance of truth, but people have more power than they have been given credit for and have more influence than what they've been taught. Here's a few pointers to make that hassle, one less of one.

The tail wags the dog these days. A perfect example of this is your credit score and report. It affects your life far more than it probably should. So, know the system and get informed. Not all of us have the type of credit to get us what we want, breakfast in bed served by the new cast of 90210. In many cases, people need somebody to lead them in the right direction. If I can't do a loan for you now, if you simply aren't prepared, no worries... if you aren't a client now, you will be down the road. I work with folks even if I can't close their loan anytime soon. Part of my job is educating, most of my job is making sure you're better prepared ongoing. Credit Scores and history are important, read this to ensure you are working with someone who understands how you can put yourself in a better financial position at a later date.

It's not just about getting pre-approved or buying a home, assuming you are in the position to do so. It's also about working with someone who will look out for your best interests. There's no reason to overextend yourself, leaving you mortgage poor. Here's an example you may want to check out.

People love to shop, especially for mortgages. Well, they may not love it... but they certainly salivate at finding the best deal. You know, the lowest rate with little if any fees? Sometimes I wonder if people are looking for a mortgage loan or mortgage grant? Tell ya what, check out this post to get some pretty bipartisan advice on shopping for a mortgage.

How about a niche product for Real Estate Investors? With the large inventory in many markets, there's an abundance of opportunity just waiting out there. This product can help you in many of your Real Estate Investment strategies. Don't let the title fool ya, I'm no quitter;-)

Whether you are working in this industry or a consumer on the outside of it, these are challenging and changing times we live in. You can learn a lot from this little guy.

Perhaps you are looking to relocate or buy a home in my local area of Allentown, Pennsylvania. Here's a sample of what you can expect as I try to dissect your needs and situation.

A lot of discussion has been going on about fixed rate vs. adjustable rate mortgages. Which is the best for you? Reading this blast from the past may give you some insight... and something to think about.

Speeches are like belly buttons, everyone has one and some are prettier than others. This isn't about how pretty you I sound, it's about how well you I perform. Perhaps there has been no time in history like the present, where the mortgage industry was so important to you or this Country. It's more than pretty words, it's more than convincing tag-lines or dazzling promotional pieces and sales pitches, it's doing the job ethically and competently. It is getting the job done. See that guy in the Barney-like shirt and tie below, that's me. I tend to get the job done...

Here's a little FYI on the SBA so if you have any questions call me A.S.A.P:-)

Welcome to a brief insight about SBA Lending, through the eyes of my investors. The Small Business Administration helps individuals purchase or grow small businesses which can help the growth of communities and revamp the local economy. We all know that we could sure use a bit more of that going round. I was excited when we partnered up awhile back with our Investors to be able to provide this service to our past, present, & future clients. Plus, it's a good thing to be able to help the growth of local communities by providing financing for businesses of many types and sizes.

We have been partnered with one of America's leading providers of US Small Business Administration (SBA) Guaranteed Loans that proudly hold National Preferred SBA Lender status. Together, we have established a pretty rich history of working with small businesses and our SBA Lending Program reflects our commitment to entrepreneurs. Hey, that's the backbone of what has made capitalism cool work.....small business!

Conveniently located right smack dab in the Lehigh Valley, we deal with Investors who are experienced community lenders and take the time to understand your lending needs. First Choice Equity Group Inc. offers an array of credit products that can be customized to fit your business goals, whether you are a current business owner or want to start up one.

What forms of business are eligible for SBA financing?

Proprietors, partnerships, corporations, and limited liability corporations are eligible for SBA financing.

What forms of business are not eligible for SBA financing?

The types of businesses that are never eligible for SBA financing are businesses that involve the following:

· Speculation

· Lending or investing

· Religious group

· Non-profit group

· Monopoly

· Illegal activity

· Persons on probation or parole

(They say never say never, so perhaps I should just say....not right now:-)

What type of financing is available?

The SBA will provide financing for businesses to purchase, expand, or construct business real estate. Purchases of machinery, equipment, and inventory are also funded through the SBA. In some instances, the SBA will help finance working capital, seasonal lines of credit, contract lines and/or working capital lines. Further, the SBA may allow financing to business owners to repay existing outstanding short-term credit or unfavorable term debts. Heck, there's a whole lot that the SBA can do that can help people become or continue to grow their small business.

What schedule is available for paybacks?

The typical SBA terms as of now are:

· Real estate - 25 years

· Equipment, machinery, furniture, fixtures - 15 years (depending on useful life)

· Working capital - 07 years

What information is required to apply for an SBA loan?

1. Last three years of personal tax returns on all owners (of 20% or more).

2. Last three years of all business tax returns (if in business that long).

3. Last three years of accountant prepared financial statements, if available.

4. Interim financial information, no older than 90 days, including a balance sheet
and profit and loss statement (may be internally prepared).

5. Brief narrative on the business, including a list of requested use of proceeds.

6. Bio/resume on all principals.

If a start-up (less than two years' tax returns), a full business plan must be
submitted, including three years' cash flow projections, three years' projected
profit and loss statements, and a projected start up balance sheet.*

This is a great lending tool for small businesses folks! Take advantage of it and grow your business...and our economy.

***First Off, let me preface this by making something perfectly clear. No matter what program or product you are getting into to buy a home, I highly recommend making sure you have money (reserves) in the bank after your loan closes. Call it 'rainy day' money or whatever you want, you don't want to be financially strapped if something goes wrong. Ownership has its privileges and responsibilities.***

That being said, there are only two ways I know of to get into a home with no money out of your pocket these days. One is a VA loan, a loan for those who served in our military and who qualify. They are still offering 100% Financing with an allowable 6% seller assist. Those parameters can leave a lot of cash in your pocket.

The other is renting to own and I'd like to go over the basic parameters of how it works as of right now. It should also be noted that things have been changing rapidly, so please contact your Mortgage Professional to make sure they keep you abreast of changes as they occur. With any 'niche' product, time is of the essence because you never know how long it will last under the current guidelines.

While Mortgage Money has become tighter over the past year, the lease purchase program has become an increasingly popular method in which to finance the property the borrower is currently renting. The huge advantage to this program is we treat the transaction as a refinance utilizing the APPRAISED VALUE. Below are some of the program guidelines.

• Max 85% Loan To Value Full doc (you must be able to prove enough income to be able to afford all current debts showing on your credit in addition to the new mortgage payment)
• Looking for minimum 600 credit score (the middle of your 3 credit scores)
• must produce 12 consecutive months cancelled rent checks (this is a documented housing history, Do Not pay by cash or money order.)
• Lease purchase contract must be seasoned minimum of 12 months (it's best to record this at the local courthouse for documentation purposes)
• Owner Occupied Only
• Maximum loan size = $500k

This is a fantastic program that can enable a borrower to purchase their home without any money out of pocket. The only other thing I would note is to get an Home Inspection (which is different than an appraisal...which is required by the lender) done. Though you've lived in the property for at least a year and think it is in good condition, a home inspection will help lessen the chances of some surprise issue coming up after closing. If you have any questions, comments, concerns, critiques, or just want to complain....give me a call or shoot me an email!