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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!!

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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!!

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.

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 MoneyInstructor.com

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.

The mortgage industry can have a bad reputation at times.

Lets face it, there are people that work in this business that are only looking for a fat paycheck, even if it means that their one client will struggle for years to come.

What is certain is that many people do not know about kickbacks. This is a term in the industry used to describe what a realtor or someone would ask for from a loan officer in exchange for providing them with business. The broker can now charge a higher rate and can manipulate, YOU, the consumer. WE HAVE NEVER PAID OUT A KICKBACK IN EXCHANGE FOR BUSINESS. We want to be noticed and used because of the extreme quality of service to our clients not from a HIGHLY illegal pay off.

We focus on YOU and personally put you in the right loan program regardless of whatever we COULD make. In the beginning we received the majority of our business from repeat investors and previous clients family members. This is because we care about our clients and they trust us in return. So give us a try, you’ll be glad you did!

check out our contacts page.. or links page for links to mortgage calculators, give us a call and we can walk you through it if you need help!!

The ByrdMan

I found a good video on You tube that describes the current situation. This is a good base as to what it all means to the average to low credit consumer.

Click to Watch

Hello everyone!

STOP! Be sure to bookmark me, as I will be updating this blog a few times a week with important and breaking news about whats going on in the industry today as far as rates and programs, trends for the future and what it all means to you!

I will also be posting about few personal dealings to show you all that Ford Financial really is the Mortgage Broker that breaks the mold

check out the “Why I am good at what I do” section to learn a little more about me and how I do business.

If anyone has anyone questions regarding themselves and any personal issues, Feel free to Contact me at any time!

908-616-0284