Tom Susemihl

Hello everybody,

Maybe it's just moving into spring, perhaps the new optimism that seems to be growing. Regardless, activity seems to be blooming as trees and forsythia bloom. Interest rates have been steadily improving and the home prices are attracting first time home buyers.

Does anyone use the Home Buyers Scouting Report with a mortgage broker. I have several agents in my HBSR and am looking for a few more that are motivated agents but struggling to convert contacts to buyers. Please email me if interested tom@appleloans.com, Colorado Springs.

We have FHA, VA, Convertional and will soon have CHFA. We also have down payment assistance programs available if needed and the buyer qualifies.

Refinances are very hot right now due to rates but these rates are great for buyers as well. THe first quarter of our year is gone. Now we enter the spring season and time when lookers become buyers and referral sources.

Have a great spring,

Tom www.mylenderton.com

719-884-0886

You have to be an optomist in Jan. of a new year. We all start out with great ideas and hopes, determined to make it the best year ever.

The real estate business should spring back due to home pricing and mortgage rates. Those of us prepared to succeed will hopefully ride the wave to our greatest year ever. Our clients are counting on all of us to be sentinels of integrity and service and we are responsible to be so.

We all start the new year with an A+. It's ours to keep if we work hard and meet our clients expectations. No fast talk or cheap thrills when it comes to our buyers and working associates. There are enough surprises in our business right now. Our clients need a steady leader they can depend on and commit to and we need commited buyers and working associates.

Good luck

Hello everyone,

This weekend and next week will be very busy as we all hustle to keep the business pot stirred and pay proper attention to family and the season. Have a great Christmas, travel safely and love your family. THe business will still be here when we all get back.

DPA was discontinued for seller funded programs, however there are still approved local programs available usually in the form of low interest loans. There are income limitations so buyers should call to discuss these loans and the buyer must qualify with the increased DTI. One advantage currently is that the $7,500 tax credit can be used to pay off the DPA leaving a 0% interest loan at $500 per year payment and the tax deduction advantage of home ownership should reduce the tax liability by at least that amount.

Also, USDA does have great programs available in many areas, usually more rural, small/medium size cities rather than greater MSA locations.

While rates have been crazy recently, they have been on a downward trend. With 620+ credit 5.5% is not unusual ad better depending on other factors. With the new guideling of 3.5% down it will be more difficult for some but we do have down payment assistance and the Fed has the $7,500 tax credit to pay off the DPA if the buyer qualifies. There are many programs that help folks get into homes.