We’ll update you with another video once we have the full guidelines, but for now it looks good and everyone should be ready so we can refinance as soon as we know.
Ryan Hoffman
Loan officer
Wholesale Capital Corp
951-488-3114
RHoffman@wccloans.com
Duration : 0:2:49
http://www.mortgagehelplosangeles.com
Get a much lower interest rate and save thousands of dollars in interest every year on your mortgage.
Current Interest rates for mortgages are at historic lows, but families are not taking advantage of the opportunity. There are many myths that might be contributing to this reluctance. Los Angeles Mortgage Broker, Bill Rayman explains how to judge whether you should be in the market for a refinance of your home or investment property.
Call Bill for a free analysis at310-295-2900 ext 113
This video produced by http://www.Page1Listings.com
Music in this video is “Sweeter Vermouth”, used with permission by Kevin MacLeod at http://incompetech.com/m/c/royalty-fr…
Duration : 0:1:34
Call Ryan Hoffman at Wholesale Capital to get qualified for your new home loan.
New Home, Refinance, or Invest!
951-488-3114
RHoffman@wccloans.com
Duration : 0:0:35
http://www.mortgagehelplosangeles.com
Paying down your mortgage by making extra payments may seem like a great idea. But is it?
Current Interest rates for mortgages are at historic lows, but families are not taking advantage of the opportunity. There are many myths that might be contributing to this reluctance. Los Angeles Mortgage Broker, Bill Rayman explains how to judge whether you should be in the market for a refinance of your home or investment property.
Call Bill for a free analysis at310-295-2900 ext 113
This video produced by http://www.Page1Listings.com
Music in this video is “Sweeter Vermouth”, used with permission by Kevin MacLeod at http://incompetech.com/m/c/royalty-free/.
Duration : 0:1:54
Dan O’Donnell describes the pros and cons of working with a mortgage broker versus a bank. Dan is a Realtor with RE/MAX Whatcom County in Bellingham, Washington.
Duration : 0:4:5
http://realestatemarketingthisweek.com – Real Estate Marketing – Prices are back to 2003 levels: A Short Sale is significantly cheaper for a bank than a foreclosure –
Produced by Dan Havey of Real Estate Marketing This Week
Part 7 – Were in the studio today with Kalyn Roberts and Jeri League of the Dreamvesting Group, these two young ladies are experts in the short sale area, they are NOT going to tell you what you want to hear, they are going to tell you what you need to hear. There is a big difference between what you want and what you need in the case of getting out of a situation. We talked during the break about the different types of people; who qualifies, who doesn’t qualify, who this is good for, and who its not good for. I want you to talk about people who are upside down and how you’re here to help.
What we want to get across today if you just need to call someone if you’re upside down in your mortgage, if you have a listing next door and its a bank owned or short sale, there is a good chance you’re probably upside down in you mortgage if you bought anytime in the last, in the last 5 years were almost back to 2003 pricing now.
Just to jump in real quick, Jeri and Kalyn its not just the people who purchased, its the people who used their homes as ATMs which is a crude way for me to say it but lets be honest. You watch the television, and I am not going to name any names, but a company that rhymes with lie-tech though, they have a commercial where they are showing pictures of using your home to buy a big boat and everybody got sucked into that and now here were.
Yes, if you used your second mortgage to build that big beautiful pool in your backyard, maybe you need to call us. Yes, its unfortunate, we always tell everyone like you just said, everybody got sucked into it, it doesn’t mean you’re stupid, it doesn’t mean you necessarily made a really bad decision. Most people got caught up in the real estate market and good marketing ploys like that, and the bottom line is as we said earlier you dont have to be late on your mortgage payment, you don’t have to be facing a foreclosure, if you’re simply upside down because you refinanced your home or purchased too recently and the house next door is selling for $100,000 less than yours and you just need to get out of a bad financial situation, you’re a candidate for a short sale or even a loan modification.
One of the things about loan modifications that I hear all the time is, and I research other loan modification companies, and what I hear is they are telling people things that just aren’t real. For instance if your owe $400,000 and your house is worth $300,000 and you want your lender to forgive $100,000 on a loan modification, chances are that isnt going to happen, whereas with a short sale, when youre exiting the property because it just isnt going to work, they would in most cases consider doing that.
Absolutely if that is the market value of your home they are going to consider the bottom line, the banks dont want these properties back, it costs them so much money to go through a foreclosure process and as our prices are falling, monthly, weekly, daily, the likelihood of the value of the property being extremely lower by the time they get the property back is 100%.
In addition to the $60,000 in foreclosure cost, paying real estate commissions and a few other fees is significantly better, because the loss is going to be significantly less with a short sale. Heres a question and I hope that I am not putting either of you on the spot, but suppose the guy owes $400,000 on his house, lets just say its worth $300,000 and you get the listing and this guy is out at a cocktail party and his cousin shows up and says, Ill buy the house from you. Ill buy the house from you, we will make the bank pay the difference and Ill just let you stay in the house. Is that a realistic situation, is someone going to find out about it? Is it good to do that or not?
In real estate, real estate purchases and transactions have to be non-arms length. Now arms length is described as your parents and your children, other than that we pretty much stay out of it because theoretically, yes that could happen, however the banks want to see that the homeowner is not benefiting, so the homeowner would have to become a tenant and be paying rent to new owner at that point. So there are many legitimate situations where you could meet someone who would buy the home and allow you to stay in the home… http://realestatemarketingthisweek.com/a-short-sale-is-significantly-cheaper-than-a-foreclosure/
Duration : 0:5:53
Mortgage rates hit another record low this week, marking a unique opportunity for people to buy or refinance a house. KMBC 9’s Martin Augustine reports.
Duration : 0:2:16
Search Adam Villaneda of Wholesale Capital Corporation on Google.
Call Adam Villaneda at Wholesale Capital Corporation to get qualified for your new home loan. you can also check out featured homes of some of the Realtors I work with at www.adamvillaneda.com
New Home, Refinance, or Invest!
951-488-3182
avillaneda@wccloans.com
Duration : 0:0:35
Mortgage Information Guide at http://bit.ly/nyg0dw – Ever wonder how your loan officer locks your rate in the system? Here’s a behind-the-scenes insider look at the actual rate locking process.
Duration : 0:5:17
Teresa Tims TheSoCalLoanPro.com meets with Allure and gets a 20% discount on Beauty Treatments. Look younger and feel better. Mina Grasso is a So. Cal Expert and someone you can trust with all your beauty needs.
Duration : 0:3:40