|
For The Savvy Borrowers
|
|
Tips For Your Savvy Borrowers... | Help you real estate savvy borrowers can take advantage of low
housing prices. We have the ability to finance up to 3 properties per
borrower, and use rental income for subject property!
· 10 Financed Properties
BankerBroker.com will allow a borrower to finance up to 3 properties.
For example, if you own 15 properties but only 7 are financed, we will
allow you to finance another 3 properties.
· No Rapid Acquisition
As long as you qualify we will allow for the purchase of up to 3 properties
at one time!
· Rental Income
If you have 5 or more financed properties and have a two-year landlord
history, BankerBroker will allow for rental income to be used on the subject
property.
· Let your Friends know of
this opportunity
|
|
posted Feb 15, 2012 8:46 PM by Massey kouhssari
[
updated Feb 15, 2012 8:50 PM
]
posted Feb 14, 2012 2:44 PM by Massey kouhssari
posted Feb 14, 2012 2:33 PM by Massey kouhssari
posted Feb 14, 2012 12:19 PM by Massey kouhssari
posted Feb 14, 2012 12:09 PM by Massey kouhssari
As you all know, sometimes we have to be creative to get loans done in this market. One of the most critical aspects of any loan is the Loan to Value ratio, and there are often options for reducing the LTV to make the deal more attractive. For purchases, the seller carry back is a great strategy. We all know that it is a buyer’s market, so a motivated seller is going to have to really entice those buyers. In some instances, the seller will simply accept that the market demands a lower price. And under the right circumstances, the seller could be willing to carry back 20% or more of the purchase price as a note in 2nd position. This opens up a lot more financing options. Sometimes if a deal is close, but just a little high on the LTV, brokers will allow us to hold their fees in one of our client trust accounts until certain conditions are met. With riskier development loans, it can make a big difference to the lender if that LTV is a few points lower. By carrying fees in this manner, it gives the lender additional security if the deal goes bad. If the broker is confident in the project, and has the ability to hold off on those fees, it can sometimes make the difference between a pass and an approval to fund. Another option is to cross collateralize an additional property. If the borrower is able, putting up an additional property can potentially lower the LTV. At the very least, it will add security to the loan, and show the lender an increased level of commitment by putting more skin in the game. If you would like to discuss private money loans further or run a particular scenario by us, contact Massey via e-mail at massey@bankerbroker.com. Otherwise, if you would like to get a better feel for our company and the types of programs we do, please browse our web site at http://www.BankerBroker.com
Thank you, |
posted Feb 13, 2012 4:28 PM by Massey kouhssari
posted Feb 13, 2012 12:04 PM by Massey kouhssari
[
updated Feb 13, 2012 12:14 PM
]
Week
of February 13,2012 Mortgage bond prices
were only slightly higher last week which kept mortgage interest rates in
check. The Greek debt restructuring talks dominated trading.
Greece was pushed to enact austerity measures in an effort to restructure
their current debt and avoid default but those talks stalled without any
action and default fears continued as of late Friday. Lower than
expected weekly jobless claims resulted in a spike in rates Thursday
morning. Weaker than expected consumer sentiment data, considerably
weaker stocks, and news that the S&P downgraded several Italian banks
Friday helped bond prices recover. Mortgage bonds ended the week unchanged to
better by 1/8 of a discount point. 
Fundamental
Week
The abundance of
fundamental data this week provides a good opportunity for mortgages to
improve. If the data shows weakness in the economy with little or no
inflationary pressures then it is possible for mortgage bonds to rally
resulting in mortgage interest rate decreases. However, if the data shows
that the economy continues to rebound or any significant signs of inflation,
mortgage bonds may fall pushing mortgage interest rates higher. Mortgage
interest rates remain historically favorable despite some recent
increases. Now is a great time to avoid the uncertainty surrounding
continued market volatility. Remember, the future is uncertain with so
much global economic instability. Euro troubles have helped rates here at
home. Any signs of stability in that region could reverse the flight to
quality buying of US debt that has helped rates stay low. Caution is
key.
|
|
|
posted Feb 12, 2012 9:59 AM by Massey kouhssari
| Years you plan to stay in the home | Recommended program |
|---|
1-3 years | 3/1 ARM, 1 year ARM or 6 month ARM | 3-5 years | 5/1 ARM | 5-7 years | 7/1 ARM | 7-10 years | 10/1 ARM, 30 year fixed or 15 year fixed | 10+ years | 30 year fixed or 15 year fixed |
RATES As Low As 5.95%
| Loan Program | Advantages | Disadvantages |
|---|
Fixed Rate Mortgages- 30 year fixed
- 15 year fixed
- subject to investor guidelines
- limited to conditions
| - Monthly payments are fixed over the life of the loan
- Interest rate does not change
- Protected if rates go up
- Can refinance if rates go down
| - Higher interest rate
- Higher mortgage payments
- Rate does not drop if interest rates improve
|
|
|
|
posted Feb 10, 2012 12:07 PM by Massey kouhssari
Treasury prices are surging higher this morning as yesterday's optimism on a new Greek debt deal fades. The Dec trade deficit widened to $48.8bln, largest since June of last year. Lastly, Fed Chairman Bernanke is scheduled to speak before the National Association of Homebuilders in Orlando at 12:30PM eastern. Currently, the 10yr yield is at 1.979% (2.036% Thursday) and the 2-10 yield spread is at 172bps, 6bps flatter since yesterday morning. |
posted Feb 10, 2012 12:00 PM by Massey kouhssari
[
updated Feb 10, 2012 12:01 PM
]
PreApproved In Minutes. 4.0%APR
|
|
