Are your Credit Scores below 640? Do you have No Credit or Credit Scores? Do you have Collections, Late Payments Etc.? Want to Buy a HOME in the NEXT 45-Days? Let us be Your Ray of Hope! Find out how you can improve your Credit Enough to Buy. Possibly In The Next 45-Days….
realestatemarketingthisweek.com – In a Short Sale make sure you hire an expert negotiator who is a full time real estate agent – Part 5 – If you’re in trouble and you think you want or need to do a loan modification, we work with a national network of attorneys that are here to help your situation, and this show were talking about short sales because a loan modification is not for everyone. A shor…
realestatemarketingthisweek.com – Short Sale Objections, Advantages and Hardship Letters; Keeping the Home Owner in the Home helps fight vandalism – Part 3 – One of the things I mentioned at the beginning of the last segment is this special allotment of funds that we received from one of our mortgage banks that we currently have available, a 30 year fixed, no pre payment penalty this is the real d…
realestatemarketingthisweek.com – Watch out for scams; huge fees for Loan Modifications — Part 7 – Important to point out folks that Velocity Financial is a full service mortgage broker, the majority of our business is writing and originating and underwriting mortgage loans for homeowners, people to buy real-estate, people to refinance their homes, people can still refinance out there, loan modif…
realestatemarketingthisweek.com – Avoid a foreclosure on your credit report, short sale your home and save your credit Part 8 – Ok, so that is good to know, I know there are people who want to try and do that and I really dont know. I am really a full time mortgage professional, I didnt get into the loan modification business on purpose, we write mortgage loans, real estate loans for residential a…
Are you tired of getting the run around from your mortgage company or your bank? We are uniting to make a positve change! Formore infomation, send your contact info to wellsfargoreallysucks@yahoo.com or call 404-419-6005 and leave a message at the end of the recording. We will contact you promptly to get updated information to you….
Fighting a Foreclosure…
In case u have wondered what is a mortgage, here is my definition for it.
MORTGAGE = a way to sell your future to the banks.
This come for a guy that has, as we speak, 6 loans and 5 mortgages 
So, for sure i know what is a mortgage.
Do you need a 40 year mortgage?
Hahaha. 40 year mortgage? Do you really think that you will live that long?
Ok, let me tell you my opinion on mortgages on long period. 40 year mortgage, 30, or above this period
First, it really helps to go for a long period, because you have smaller monthly payments.
Especially if you are in your early 20s, it helps to kick start your life. Make your calculations, have an optimistic scenario, a pessimistic one and an extra pessimistic scenario . And, if it sounds ok, go for it.
However, you must be aware that in the first years you are paying only interest, and no capital. So, if you can take a 40 year mortgage, be careful, because, on long run, it will cost you like hell. And do you thing the property you are buying it, in 40 years it will cost more then double? Francly, I doubt. Because houses, especially the american ones, are made of wood. So termites, weather, bad mantainance deteriorates the house. And in 40 years, the product lifetime is almost ended. Also, if you get a depression like this one, when prices are falling, it means you will lose tons of money. Or you live in a future chicago area, that will be hard hit by a recession. You can call you threw away money
A 40 year mortgage shold be repayed as soon as possible. Even after 3-5 years. This way, you will save tones of money, that otherwise will be spend for nothing. And also check the commision to reimburse in advance the credit. Also the contractual conditions… Otherwise you can have some nasty suprises. 40 year old mortgage could be an interesting and usefull tool, if you use it wisely.
