“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

About Albuquerque's Ridgecrest

Albuquerque House near UNM, Nob Hill and Ridgecrest-PRICE REDUCED!!!

Rich Cederberg- Albuquerque Real Estate Agent: Real Estate Agent in Albuquerque, NM

The sellers must go, so they've slashed the price on 710 Valverde DR SE to $400,000! 710 Valverde is in a great location in Ridgecrest that has easy access to the University of New Mexico, University of New Mexico Hospital, Presbyterian Hosptial, VA Hospital, Nob Hill Neighborhood and downtown Albuquerque.

710 Valverde DR SE Albuquerque NM

Over $70,000 in upgrades including: Refrigerated Air, New Windows and Sliding Glass Doors, Stunning Remodeled Baths, Upgraded Electrical Panel and Outlets, New Pool Liner, New Pool Auto Pool Cover, New Stamped Concrete, New Synthetic Turf Lawn, New Vinyl Fence.

710 Valverde DR SE Albuquerque

That's a long list of upgrades, but the house has traditional Nob Hill/Ridgecrest charm with wood floors and cove ceilings.

710 Valverde DR SE Albuquerque

The backyard is a beautiful oasis. The covered patio stretches the entire length of the back of the house. The turf is low maintenance and is great for kids and pets. The home sits on a 1/4 acre lot!

VIEW MORE PHOTOS of 710 Valverde DR SE

VIEW VIRTUAL TOUR: Nob Hill Area Home

VIEW 710 VALVERDE SE on Realtor.com

The seller is motivated and needs to sell!

CALL OR TEXT (505) 750-1846 TO SCHEDULE A PRIVATE VIEWING!


11 articles/diary entries published on Broker Banker Magazine Online

MELINDA POTCHER: Mortgage Company in Albuquerque, NM

I've been priviledged through my affiliation with BNI Founder Dr. Ivan Misner's Author Mentor Program to have the opportunity to write for Ed Craine, and Broker Banker Magazine.

Ed asked me to write about the mortgage business and tie in networking. Ed is not only the driving force behind Broker Banker Magazine, he's also a BNI Director.

here are the first 11 entries - I hope you like it and I hope you will give me your honest feedback.

best,

Melinda Potcher

Mortgage Maven

Trinity Mortgage, LLC

www.HomeLoansAlbuquerque.com

Hi Melinda-

We've posted all your entries so far. (11 entries.) To view go to http://brokerbanker.com/page54.aspx.

Let me know what you think. Keep them coming!

Ed

The 10 Commandments of Networking - Raising The Bar

MELINDA POTCHER: Mortgage Company in Albuquerque, NM

A friend of mine, Melinda Potcher, adapted some of my material and created the 10 Commandments of Business Networking.

She did a great job and I thought I'd share it with everyone here on my blog.

1. Thou Shalt Not Sell To Me.... If we are trying to help one another get more business, you tell me your target market, I tell you my target market, and when we are out in the world, we speak well of one another and refer one another, do not try to sell me - I am your referral resource. If I need your product or service, know that I will call you. Use our relationship to sell through me, to get to those 250 + people I know.

2. Thou Shalt Understand The Law of Reciprocity.... If I am sending you business, please keep me top of mind. Giving me a new client is the best thank you that I can receive, and I will continue working to find you referrals if I know you appreciate me.

3. Thou Shalt Not Abuse Our Relationship.... Sending me a bogus referral just to use me, my expertise, or my resources for free without asking permission first is the fastest way to lose my respect.

4. Thou Shalt Not Be Late .... If we have a meeting set to get to know one another and strategize how we can refer each other business, do not reschedule our appointment more than twice. I blocked a chunk of time in my schedule FOR YOU, and I respect you enough to be on time.

5. Thou Shalt Be Specific .... Specific Is Terrific! If you tell me your target market is "anybody" or "everybody" that means nobody to me.... the more specific you are, the easier it will be for me to find you business.

6. Thou Shalt Take Your Business Seriously .... As your networking partner, I need to know your intentions. If your company is a hobby business, it will be difficult for me to assist you. If it is part time, you are limited in the time you spend working on your business and working to find me referrals. However, if you are working your business part time with a goal of making it full time, I am there for you, 100%.

7. Thou Shalt Follow Up On Referrals... When I send you business please follow up with that prospect in a timely fashion - say 24 hours - if you are going out of town, or will not be available for some time, a quick email or phone call to the person to let them know when you will be available will preserve your credibility and protect my reputation in recommending you to someone I know and care about.

8. Thou Shalt Communicate... If I do something to upset you, send you a "bad" referral, or cause you to have ill feelings toward me, please communicate with me as soon as possible. I may not be aware I have caused a problem for you, and if you tell me, I can try to fix it. Referral networking is about relationships! Relationships and Referrals are at the heart of my business.

9. Thou Shalt Protect My Reputation... Most people would rather die than risk their reputations. If I receive feedback from a referral I have sent you that is disparaging or derogatory, it is as though you cut me off at the knees. Please do what you say you will do and live up to the ethical standards of your profession.

10. Thou Shalt Prepare For Success... If you really want to grow your business, then prepare to receive it. I will move mountains for my networking partners to ensure they get referrals on a consistent basis. I am a Ninja Networker - you may not always see me working on your behalf.

Thanks to Melinda. You can visit her website at: www.HomeLoansAlbuquerque.com.

FANNIE MAE/FREDDIE MAC Agency Shortcut Mortgage Program Eliminated

MELINDA POTCHER: Mortgage Company in Albuquerque, NM

Effective for all registrations after Friday, April 4th, another lender is eliminating the Agency Shortcut Mortgage program.


All Agency Shortcut mortgages must be registered no later than Friday, April 4th. We will not accept any registrations on the Shortcut program after this date. There is no lock cut off date as of yet, however all Agency Shortcut Mortgages must close and fund no later than April 30th. No relocks or extensions will be granted.



As an alternative to the Shortcut, I've included a couple of options to consider:

1) Agency "Limited Doc" -Best pricing: Borrower's who have at least a 680 middle credit score, may receive a "verbal VOE (verification of employment) only" or "evidence of existence of business only" option when running DU (desktop underwriter) or LP (loan prospector). WE will honor these findings, and will NOT require income documenation, since these loans are still considered full doc in the investor's eyes. If your borrower has at least a 680 score and they need a "limited doc" option, we recommend running DU or LP to determine if your customer is eligible.



2) Agency Express - Stated income/Verified Assets. Manual underwrite. Self employed borrowers or borrowers who's earnings consist of at least 50% commission can qualify on this program. All occupancy types are eligible. Cash out (O/O (owner occupied), 2nd home only), Rate & term refinance and Purchase. LTV's (loan to value) up to 90%. Fico credit score requirement 680 -720 depending on transaction type and LTV. Contact me for further info.


www.HomeLoansAlbuquerque.com

melinda@trinitymtg.biz

FHA Government Mortgage Loans Minimum Credit Score Requirements - Update

MELINDA POTCHER: Mortgage Company in Albuquerque, NM

FHA Product Updates

Effective for all FHA loans registered and/or locked after today, Friday, March 28, minimum FICO scores will apply in all instances regardless of AUS (Automated Underwriting System) decision. Extensions will not be granted.

See the chart below for minimum FICO score requirements for all AUS FHA loans*.

Transaction Type

Minimum FICO

Purchase & R/T Refinance

580

Cash-out Refinance LTV < 85%

580

Cash-out Refinance LTV > 85%

600

Streamline Refinance

580

*