You are currently browsing the monthly archive for June 2008.

I had an idea to create a monthly blog called Today’s Market. I won’t do any analysis just yet about what I think is happening in today’s Banking/Mortgage Market But I will tell you what myself and a lot of other mortgage brokers are working on to help more people and bring themselves more business.

FSBO’s- It’s nothing new but It is a buyers market right now. It takes more than the average person to list and sell your house while balancing your career and your personal life at the same time.

Contractor’s/Home Remodeling – Programs like the 203(k) rehab and the 203(k) streamline are making it possible to get extra money for repairs or even structural work (turn a one family into a two family and earn extra income)

Renters – Like I said it is a buyers market. It will continue to be a buyers market until about 2013 according to Rene Pharisien’s article “Why the housing market will not rebound until 2013”. There are also several other very well educated people saying the same thing, and I’m going to have to agree with them.


If you look at the strip at the top of this page that says, “Home, Contact, Why I am good at what I do“, there is a Recommendations page. I just added a few significant recommendations that are worth taking a look at. These recommendations are the reason I am still in the business, I treat all of my clients with the same care as the next one. So don’t be afraid to give me a call today!

Isn’t that what it ALL really comes down to? And, no, I am not referring to the people we work with as “tools”. Most mortgage brokers get the same rates and the same average loan programs. In todays industry when you have more resources than the next mortgage broker the chances of getting that hard loan closed or getting the best rate is much much more likely. Especially when dealing in hard times like this your going to want a mortgage broker who has more options for you.. BETTER OPTIONS.

There are a lot of brokers out there scrambling around to get their FHA license. Guess what?! We’ve had our license alllll along.. Why? because we want that tool in our tool box just in case we need it..

Call us today to find out what tools we can offer you to build a better life!!

Some of you will notice the two new links on the left hand side of this page. These are links to government sponsored programs. Both are very similar in that they both are involved with down payment assistance. With these two programs you can buy a house with no money down. So when you hear everyone say NO MONEY DOWN, this is what they’re talking about.

How does it work?

Being that they are non-profit organizations they basically take a check written by the seller, the organizations then process that check and write a new check as a “gift” or “grant” for the down payment which the seller is returned in the end.

There were some problems with this earlier on in the year between the government and them regarding whether or not they really are a non for profit organization.

Either way they are still providing homes with no money down through FHA backed mortgages. Being FHA experts in this field if you are looking to buy a home for no money down it most definitely is possible!!

Linked in you say?

Yes, and I can’t say enough good things about it either.

Linked In is a networking site to connect clients, previous employers, business partners, etc. You go on it, register, create a profile, then you start connecting with people. You can add your entire contact list from your outlook or whatever mail service you use.

Since we have had the privilege of working with some really great people, we were able to get some really great recommendations.

Amit Raut is Owner of Raut media and is by far my most popular contact on there. He wrote me the most wonderful recommendation and I was able to return the favor by writing something nice on his profile.

Ann Tannen an extremely insightful, talented, experienced real estate agent who is owner of The Tannen Group wrote me a well written recommendation also.

There is many more including Ruth Tilghman, Gary Maher, and Paul ferrara, whom are all important professionals that are great to have in my network.

Some other things you can do with it..

It is basically your resume on a website, so find jobs, meet new people, look to hire new people, and share knowledge within your network.

So go ahead and show off your professional network, check out some of my recommendations, and last but not least add me to your linked in profile!

FSBO = For Sale By Owner.

In todays world everyone has the idea that if they can list their homes on or or they can pull it off  and sell their home themselves and save some serious bucks in the process.

What it comes down to is in the real estate market today you need the assistance of a professional.

You could either put up your white flag and list your home with a realtor.


Find out how we are using our expertise in mortgage financing to  give you the same tools real estate agents are using to sell their own listings.

What we get out of it is the business of your prospecting buyers. We thrive off of bringing buyers to your doorstep, after that, we get the financing paperwork done and your house is just that much closer to being sold.

It seems like everyone is listing their homes for sale by owner… so If you want a leg up in getting your home sold quicker than your rivals Mr. and Mrs. Yarlsdale across the street, give us a call today.

Do you know anyone that is a “Good Neighbor”?

With FHA government loans a firefighter, EMT, Teacher, Police Officer or hospital worker can qualify to buy a house at HALF PRICE.

Half Price means 50%, 1/2, .50.. whatever you want to call it.

Say a house is bidding at 100,000.. a “good neighbor” could bid 50,001 and WIN THE BID!!!!

The program is called the “Good Neighbor” program and is focused on giving back to the people that give so much of their time to the communities they live in.

This is big stuff. If you are interested at all about this shoot us an email ASAP.

Alot of people don’t realize that with the new FHA mortgage programs out there you can buy a house with ONLY 3% down.

Alot of people are probably thinking to themselves.. Is that good? YES, YES thats REALLY GOOD. Especially when you can get a really low rate through FHA even with a credit score as low as 580..

If you’re thinking about buying your first home there is a 2-1 Buy down. What THIS means is that you can lock in with a rate of 7%. BUT for the first year you only pay 5%.. then the year after you pay 6%.. finally onto the 3rd year you pay the original 7%.

Is this making sense people?..

You want to buy a house for $400,000? (which in todays market is a pretty nice house for a family)

All you need to do is put 12,000 down payment at 2,300 a month for the first year and the house is yours.


Give us a call for more info.

After some time well spent, we can proudly say that we are FHA GURU’s. Sooo lets begin..

What is FHA?

The Federal Housing Administration. Although you probably are hearing more and more about FHA government loans it is NOT some new program. It has only been since the mortgage meltdown that FHA loan programs have risen to the top and are helping LOTS of people!!

Why FHA?

FHA doesn’t provide the money, they just provide the insurance on the money. Because of the declining housing market and increasing foreclosures/defaulting loans, mortagage insurance companies are becoming more and more strict about whose loans they insure and it’s coming back to bite YOU, the consumer, in the behind. FHA is the governments way of “coming to the rescue”.

Can you benefit from FHA?

Yes. There is a VERY VERY high possibility that a FHA government issued loan/refinance can help you get out of financial troubles.

Ford Financial as a mortgage company is adapting to these current changes. Now-a-days you have to put up your left leg and first born to the big bankers to get a decent interest rate on a loan. We know the “In’s and out’s” of the FHA loan programs.

The next few blogs will be all information about FHA so come back and learn a little will ya?

Realize how YOU can benefit.

Need a little help managing your money? Get some help with

I pulled an article off of their site: The Benefits of using a Mortgage Broker over a Direct Lender.

Here are a few reasons they listed

1. The amount of time it takes.
Going bank to bank – lender to lender you will be filling forms out of the wazoo. (yes, I just said wazoo)

2. Time effectiveness
Our Mortgage Professionals gather a wide variety of loan programs, then we present the select few that are specific to your needs.

3. We have the connections.
We are constantly bombarded by lenders and banks telling us all about their new programs. We know who will approve your loan and who can get you the best rates.

If your interested in finding more about us and how we do business, Give us a call. We would love to become your personal mortgage banker.