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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

Yes you can..

think that just because todays market doesnt seem as lucrative as it was a few years ago you cant benefit from it?

FHA loans (government loans) are becoming bigger and bigger these days. Some of you already know but the loan limit has gone up! From now until December of this year conventional loans limits have gone up from 417,000 to 700,000. Get a great interest rate on big money TODAY. Time is running out, after December the limit will go back down and rates for 417,000+ loans will jump major points.

Call us for any FHA inquires and learn how we can match your economic stimulus package at closing!

So if your thinking about a loan and need the cash remember YES YOU CAN!!

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

How do you know if its the right time to sell?

Ask yourself.. Are you looking to buy a bigger house? or Are you downsizing and looking for something smaller?

Moving up to a bigger house makes sense in todays market. The concept is simple. Let me give you an example.

Say you think your house is worth 300,000 and you want to buy the house of your dreams that might have been worth 800,000. The only problem is you don’t want to lose money due to a 20% decrease in housing values.

BUT if you think about it, it makes sense to take a 60,000 dollar loss on your 300,000 house today and get a 160,000 dollar discount on your 800,000 dollar dream house.

On the other hand.. If you are thinking about downsizing you should probably wait unless you absolutely need to sell.

With the housing market in a huge down turn it is more important than ever to know what your own house is worth before you start looking. Even more important is knowing your buying power.

So what is your Buying Power?

Knowing what kind of loan you can qualify for and how much your monthly payment will be.

Banks are discontinuing loan programs on a daily basis. This means you might qualify one day for a certain loan program and the next day another loan program might benefit you even better.

Interest rates are volatile because of the uncertainty in todays stock market especially with mortgage bonds.

In my opinion you should keep your expectations open for fluctations in rate and fluctations in value. Always keep an open mind!